$FCUV
FOCUS UNIVERSAL INC.

2017 Q3 Form 10-Q Financial Statement

#000168316817002059 Filed on August 11, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $265.7K $628.6K $86.60K
YoY Change 3.25% 625.88% 4212.9%
Cost Of Revenue $191.6K $544.9K $11.69K
YoY Change 0.37% 4561.63% 477.23%
Gross Profit $74.10K $83.73K $74.91K
YoY Change 11.54% 11.77% -440770.59%
Gross Profit Margin 27.89% 13.32% 86.5%
Selling, General & Admin $120.0K $120.0K $120.0K
YoY Change 0.0% 0.0% 300.0%
% of Gross Profit 161.94% 143.31% 160.18%
Research & Development $54.71K $55.45K $46.45K
YoY Change 2.73% 19.38%
% of Gross Profit 73.83% 66.23% 62.01%
Depreciation & Amortization $0.00 $0.00 $0.00
YoY Change -100.0%
% of Gross Profit 0.0% 0.0% 0.0%
Operating Expenses $175.6K $187.9K $170.6K
YoY Change 2.38% 10.18% 391.71%
Operating Profit -$101.5K -$104.2K -$95.64K
YoY Change -3.4% 8.94% 175.6%
Interest Expense -$40.00K $0.00 $0.00
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $296.00 $230.00 $0.00
YoY Change -100.0%
Pretax Income -$140.6K -$104.2K -$93.58K
YoY Change 41.81% 11.32% 257.47%
Income Tax $0.00 $800.00 $0.00
% Of Pretax Income
Net Earnings -$104.6K -$105.0K -$93.58K
YoY Change 4.66% 12.18% 257.47%
Net Earnings / Revenue -39.37% -16.7% -108.05%
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 34.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $580.0K $650.0K $480.0K
YoY Change 38.1% 35.42% -51.52%
Cash & Equivalents $577.6K $650.9K $483.6K
Short-Term Investments
Other Short-Term Assets $10.00K $10.00K $0.00
YoY Change 0.0%
Inventory $75.95K $84.65K $41.23K
Prepaid Expenses $11.05K $7.325K $4.813K
Receivables $105.0K $22.15K $75.85K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $769.7K $765.0K $608.6K
YoY Change 50.75% 25.7% -38.9%
LONG-TERM ASSETS
Property, Plant & Equipment $7.145K $7.603K $4.313K
YoY Change 77.21% 76.28% 174.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $10.00K $20.00K
YoY Change -50.0% -50.0% 0.0%
Total Long-Term Assets $14.36K $14.81K $29.04K
YoY Change -50.08% -48.99% 10.42%
TOTAL ASSETS
Total Short-Term Assets $769.7K $765.0K $608.6K
Total Long-Term Assets $14.36K $14.81K $29.04K
Total Assets $784.0K $779.8K $637.6K
YoY Change 45.37% 22.3% -37.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.0K $380.0K $270.0K
YoY Change 25.81% 40.74% 2600.0%
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 $508.3K $483.4K $314.8K
YoY Change 60.43% 53.54% -70.77%
LONG-TERM LIABILITIES
Long-Term Debt $40.00K $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $40.00K $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $508.3K $483.4K $314.8K
Total Long-Term Liabilities $40.00K $0.00 $0.00
Total Liabilities $548.2K $483.4K $316.0K
YoY Change 72.59% 52.97% -70.67%
SHAREHOLDERS EQUITY
Retained Earnings -$1.670M -$1.530M -$426.2K
YoY Change 217.48% 258.94% 219.55%
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 $235.8K $296.4K $321.6K
YoY Change
Total Liabilities & Shareholders Equity $784.0K $779.8K $637.6K
YoY Change 45.37% 22.3% -37.63%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$104.6K -$105.0K -$93.58K
YoY Change 4.66% 12.18% 257.47%
Depreciation, Depletion And Amortization $0.00 $0.00 $0.00
YoY Change -100.0%
Cash From Operating Activities -$150.0K $10.00K -$110.0K
YoY Change 150.0% -109.09% 450.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 -$10.00K
YoY Change -100.0% -100.0% 509.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.00K 420.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -150.0K 10.00K -110.0K
Cash From Investing Activities 0.000 0.000 -10.00K
Cash From Financing Activities 80.00K 420.0K 0.000
Net Change In Cash -70.00K 430.0K -120.0K
YoY Change 40.0% -458.33% 7217.07%
FREE CASH FLOW
Cash From Operating Activities -$150.0K $10.00K -$110.0K
Capital Expenditures $0.00 $0.00 $0.00
Free Cash Flow -$150.0K $10.00K -$110.0K
YoY Change 150.0% -109.09% 408.32%

Facts In Submission

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dei Entity Registrant Name
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ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font-size: 8pt"></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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: 0; text-align: justify"><font style="font-size: 8pt">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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>
CY2017Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2017Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
.10 pure
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2020-06-30
us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
420000 usd
CY2017Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
420000 usd
CY2016Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
0 usd

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