$FCUV
FOCUS UNIVERSAL INC.

2015 Q3 Form 10-Q Financial Statement

#000101968715003106 Filed on August 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2015 Q1
Revenue $9.630K $2.008K $0.00
YoY Change -28.4% -70.03%
Cost Of Revenue $2.025K $2.025K $0.00
YoY Change -49.38% -59.5%
Gross Profit $7.605K -$17.00 $0.00
YoY Change -19.52% -101.0%
Gross Profit Margin 78.97% -0.85%
Selling, General & Admin $40.00K $30.00K $30.00K
YoY Change 100.0% 50.0% 50.0%
% of Gross Profit 525.97%
Research & Development $0.00 $0.00 $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization $83.00 $68.00 $0.00
YoY Change
% of Gross Profit 1.09%
Operating Expenses $44.42K $34.69K $35.57K
YoY Change 77.72% 49.27% 77.86%
Operating Profit -$36.82K -$34.70K -$35.57K
YoY Change 136.84% 61.14% 77.86%
Interest Expense $1.878K $1.473K $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $1.473K $0.00
YoY Change -100.0% -91.2%
Pretax Income -$38.69K -$26.18K -$35.57K
YoY Change 148.93% 21.54% 255.71%
Income Tax $800.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$39.49K -$26.18K -$35.57K
YoY Change 154.07% 21.54% 255.71%
Net Earnings / Revenue -410.1% -1303.64%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 6.580M shares 6.580M shares 6.580M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $150.0K $990.0K $80.00K
YoY Change 9800.0% 700.0%
Cash & Equivalents $149.0K $991.5K $78.01K
Short-Term Investments
Other Short-Term Assets $20.00K $0.00 $10.00K
YoY Change 100.0%
Inventory
Prepaid Expenses $16.93K $2.525K $11.87K
Receivables $2.008K $0.00
Other Receivables $0.00
Total Short-Term Assets $177.1K $996.1K $89.87K
YoY Change 1758.2% 10571.32% 1064.72%
LONG-TERM ASSETS
Property, Plant & Equipment $1.489K $1.572K $0.00
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.00K $20.00K $20.00K
YoY Change
Total Long-Term Assets $26.22K $26.30K $23.10K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $177.1K $996.1K $89.87K
Total Long-Term Assets $26.22K $26.30K $23.10K
Total Assets $203.3K $1.022M $113.0K
YoY Change 2033.25% 10853.06% 1364.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $10.00K $0.00
YoY Change -100.0% 0.0% -100.0%
Accrued Expenses $0.00 $0.00 $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $290.0K $1.060M $120.0K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $297.2K $1.077M $141.8K
YoY Change 794.85% 6063.79% 501.53%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $297.2K $1.077M $141.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $297.8K $1.077M $141.8K
YoY Change 796.57% 6065.09% 501.53%
SHAREHOLDERS EQUITY
Retained Earnings -$172.9K -$133.4K -$107.2K
YoY Change 369.04%
Common Stock $6.580K $6.580K $6.580K
YoY Change 0.0% 0.0% 64.5%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$94.48K -$54.99K -$28.81K
YoY Change
Total Liabilities & Shareholders Equity $203.3K $1.022M $113.0K
YoY Change 2033.25% 10853.06% 1364.05%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$39.49K -$26.18K -$35.57K
YoY Change 154.07% 21.54% 255.71%
Depreciation, Depletion And Amortization $83.00 $68.00 $0.00
YoY Change
Cash From Operating Activities -$50.00K -$20.00K -$50.00K
YoY Change 400.0% -34.86%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $1.640K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$1.640K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -780.0K 930.0K 120.0K
YoY Change 3079.49% 1100.0%
NET CHANGE
Cash From Operating Activities -50.00K -20.00K -50.00K
Cash From Investing Activities 0.000 -$1.640K $0.00
Cash From Financing Activities -780.0K 930.0K 120.0K
Net Change In Cash -830.0K -$1.640K $0.00
YoY Change 8200.0% 12.87% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$50.00K -$20.00K -$50.00K
Capital Expenditures $0.00 $1.640K $0.00
Free Cash Flow -$50.00K -$21.64K -$50.00K
YoY Change 400.0% -29.52%

Facts In Submission

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><font style="font-size: 8pt"><i><u>Unaudited Interim Financial Information</u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0pt; text-align: justify"><font style="font-size: 8pt">The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (&#147;U.S. GAAP&#148;) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (&#147;SEC&#148;) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals), which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended March 31, 2015 and notes thereto contained in the information as part of the Company&#146;s Annual Report on the Form 10-K, which was filed with the Securities and Exchange Commission on July 28, 2015.</font></p>
CY2015Q2 us-gaap Use Of Estimates
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CY2015Q2 us-gaap Reclassifications
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17527 usd
CY2014Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
0 usd
CY2015Q2 focus Advances Forgiven
AdvancesForgiven
26731 usd
CY2015Q2 focus Accrued Compensation Forgiven
AccruedCompensationForgiven
15400 usd
CY2015Q2 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-8650 usd
CY2014Q2 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
0 usd

Files In Submission

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0001019687-15-003106-index-headers.html Edgar Link pending
0001019687-15-003106-index.html Edgar Link pending
0001019687-15-003106.txt Edgar Link pending
0001019687-15-003106-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
focus-20150630.xsd Edgar Link pending
focus_10q-063015.htm Edgar Link pending
focus_10q-ex3101.htm Edgar Link pending
focus_10q-ex3102.htm Edgar Link pending
focus_10q-ex3201.htm Edgar Link pending
focus_10q-ex3202.htm Edgar Link pending
R1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
focus-20150630_cal.xml Edgar Link unprocessable
focus-20150630_def.xml Edgar Link unprocessable
focus-20150630_pre.xml Edgar Link unprocessable
focus-20150630_lab.xml Edgar Link unprocessable
focus-20150630.xml Edgar Link completed
R10.htm Edgar Link pending
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report.css Edgar Link pending
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