$FCUV
FOCUS UNIVERSAL INC.

2017 Q2 Form 10-Q Financial Statement

#000168316817001195 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $628.6K $82.19K $84.39K
YoY Change 625.88% -2.6%
Cost Of Revenue $544.9K $20.34K $5.730K
YoY Change 4561.63% 254.9%
Gross Profit $83.73K $61.85K $78.66K
YoY Change 11.77% -21.36%
Gross Profit Margin 13.32% 75.26% 93.21%
Selling, General & Admin $120.0K $120.0K $160.0K
YoY Change 0.0% -25.0% 433.33%
% of Gross Profit 143.31% 194.01% 203.41%
Research & Development $55.45K $54.48K $36.53K
YoY Change 19.38% 49.13%
% of Gross Profit 66.23% 88.07% 46.44%
Depreciation & Amortization $0.00 $456.00 $111.00
YoY Change 310.81%
% of Gross Profit 0.0% 0.74% 0.14%
Operating Expenses $187.9K $175.4K $193.0K
YoY Change 10.18% -9.14% 442.62%
Operating Profit -$104.2K -$113.5K -$114.4K
YoY Change 8.94% -0.74% 221.49%
Interest Expense $0.00 $0.00 $396.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $230.00 $4.797K $250.00
YoY Change 1818.8%
Pretax Income -$104.2K -$108.7K -$115.0K
YoY Change 11.32% -5.47% 223.31%
Income Tax $800.00 $0.00 $800.00
% Of Pretax Income
Net Earnings -$105.0K -$108.7K -$115.8K
YoY Change 12.18% -6.12% 225.56%
Net Earnings / Revenue -16.7% -132.27% -137.23%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 34.57M shares 34.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $650.0K $220.0K $600.0K
YoY Change 35.42% -63.33% 650.0%
Cash & Equivalents $650.9K $216.8K $601.6K
Short-Term Investments
Other Short-Term Assets $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0%
Inventory $84.65K $97.59K $49.36K
Prepaid Expenses $7.325K $6.598K $11.87K
Receivables $22.15K $105.5K $20.45K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $765.0K $426.4K $683.3K
YoY Change 25.7% -37.59% 660.27%
LONG-TERM ASSETS
Property, Plant & Equipment $7.603K $8.059K $2.326K
YoY Change 76.28% 246.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $20.00K $20.00K
YoY Change -50.0% 0.0% 0.0%
Total Long-Term Assets $14.81K $32.79K $27.05K
YoY Change -48.99% 21.19% 17.13%
TOTAL ASSETS
Total Short-Term Assets $765.0K $426.4K $683.3K
Total Long-Term Assets $14.81K $32.79K $27.05K
Total Assets $779.8K $459.2K $710.3K
YoY Change 22.3% -35.35% 528.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $380.0K $320.0K $230.0K
YoY Change 40.74% 39.13%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $483.4K $477.7K $293.9K
YoY Change 53.54% 62.57% 107.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $483.4K $477.7K $293.9K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $483.4K $477.8K $295.1K
YoY Change 52.97% 61.92% 108.14%
SHAREHOLDERS EQUITY
Retained Earnings -$1.530M -$1.425M -$332.6K
YoY Change 258.94% 328.37% 210.29%
Common Stock $34.58K $34.58K $34.58K
YoY Change 0.0% 0.0% 425.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $296.4K -$18.62K $415.2K
YoY Change
Total Liabilities & Shareholders Equity $779.8K $459.2K $710.3K
YoY Change 22.3% -35.35% 528.78%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$105.0K -$108.7K -$115.8K
YoY Change 12.18% -6.12% 225.56%
Depreciation, Depletion And Amortization $0.00 $456.00 $111.00
YoY Change 310.81%
Cash From Operating Activities $10.00K -$120.0K -$150.0K
YoY Change -109.09% -20.0% 200.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $1.029K
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 -$1.029K
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 420.0K 0.000 -80.00K
YoY Change -100.0% -166.67%
NET CHANGE
Cash From Operating Activities 10.00K -120.0K -150.0K
Cash From Investing Activities 0.000 $0.00 -$1.029K
Cash From Financing Activities 420.0K 0.000 -80.00K
Net Change In Cash 430.0K $0.00 -$1.029K
YoY Change -458.33% -100.0%
FREE CASH FLOW
Cash From Operating Activities $10.00K -$120.0K -$150.0K
Capital Expenditures $0.00 $0.00 $1.029K
Free Cash Flow $10.00K -$120.0K -$151.0K
YoY Change -109.09% -20.55% 202.06%

Facts In Submission

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CY2017Q1 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt"><i><u>Concentrations of Credit Risk </u></i></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font-size: 8pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents. The Company limits its exposure to credit loss by investing its cash with high credit quality financial institutions.</font></p>
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Files In Submission

Name View Source Status
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0001683168-17-001195-index.html Edgar Link pending
0001683168-17-001195.txt Edgar Link pending
0001683168-17-001195-xbrl.zip Edgar Link pending
fcuv-20170331.xml Edgar Link completed
fcuv-20170331.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
focus_10q-033117.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
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R3.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
fcuv-20170331_def.xml Edgar Link unprocessable
fcuv-20170331_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fcuv-20170331_pre.xml Edgar Link unprocessable
fcuv-20170331_cal.xml Edgar Link unprocessable