Quarterly report pursuant to Section 13 or 15(d)

15. Segment reporting (Tables)

v3.20.2
15. Segment reporting (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment information table

The table below discloses income statement information by segment.

 

    Nine months ended September 30, 2020  
    Focus     AVX     Total  
                   
Revenue   $ 667,443     $ 600,450     $ 1,267,893  
Revenue - related party     21,267             21,267  
Total revenue     688,710       600,450       1,289,160  
                         
Cost of Revenue     492,533       543,067       1,035,600  
                         
Gross Profit     196,177       57,383       253,560  
                         
Operating Expenses:                        
Selling     8,936       8,760       17,696  
Compensation - officers     102,000             102,000  
Research and development     194,232             194,232  
Professional fees     1,066,525       4,844       1,071,369  
General and administrative     729,186       244,939       974,125  
Total Operating Expenses     2,100,879       258,543       2,359,422  
                         
Loss from Operations     (1,904,702 )     (201,160 )     (2,105,862 )
                         
Other Income (Expense):                        
Interest income (expense), net     (994 )     (849 )     (1,843 )
Interest (expense) – related party     (81 )           (81 )
Other income     113,706       5,747       119,453  
Total other income (expense)     112,631       4,898       117,729  
                         
Loss before income taxes     (1,792,071 )     (196,262 )     (1,988,333 )
                         
Tax expense                  
                         
Net Loss   $ (1,792,071 )   $ (196,262 )   $ (1,988,333 )