2018 Q2 Form 10-K Financial Statement

#000168316818000888 Filed on April 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017
Revenue $39.78K $50.00K $898.1K
YoY Change -93.67% -61.54% -19.96%
Cost Of Revenue $9.761K $100.0K $726.3K
YoY Change -98.21% 11.11% -16.19%
Gross Profit $30.02K -$50.00K $171.8K
YoY Change -64.15% -225.0% -32.73%
Gross Profit Margin 75.46% -100.0% 19.13%
Selling, General & Admin $135.9K $120.0K $484.1K
YoY Change 13.24% 0.0% -7.0%
% of Gross Profit 452.68% 281.74%
Research & Development $56.77K $30.00K $208.2K
YoY Change 2.38% -57.14% 3.14%
% of Gross Profit 189.12% 121.19%
Depreciation & Amortization $0.00 $0.00 $2.182K
YoY Change 93.1%
% of Gross Profit 0.0% 1.27%
Operating Expenses $736.4K $150.0K $692.4K
YoY Change 291.86% -21.05% -4.16%
Operating Profit -$706.4K -$200.0K -$520.5K
YoY Change 577.97% 33.33% 11.46%
Interest Expense -$390.0K -$70.00K -$105.8K
YoY Change -52233.0%
% of Operating Profit
Other Income/Expense, Net -$388.9K -$10.00K -$105.8K
YoY Change -169187.39% 0.0% -18098.47%
Pretax Income -$1.905M -$270.0K -$626.4K
YoY Change 1729.01% 68.75% 34.14%
Income Tax $0.00 $0.00 $694.00
% Of Pretax Income
Net Earnings -$1.095M -$270.0K -$626.4K
YoY Change 943.42% 68.75% 34.0%
Net Earnings / Revenue -2753.34% -540.0% -69.74%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.01 -$18.12K
COMMON SHARES
Basic Shares Outstanding 34.57M shares 34.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.720M $390.0K $394.4K
YoY Change 472.31% 14.71% 15.98%
Cash & Equivalents $3.721M $394.4K $394.4K
Short-Term Investments
Other Short-Term Assets $0.00 $10.00K $8.280K
YoY Change -100.0% 0.0% 4.02%
Inventory $66.31K $47.43K $47.43K
Prepaid Expenses $1.667K $8.280K
Receivables $0.00 $26.31K $26.88K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.808M $477.0K $477.0K
YoY Change 397.82% 5.43% 5.43%
LONG-TERM ASSETS
Property, Plant & Equipment $5.246K $6.336K $6.340K
YoY Change -31.0% -25.61% -25.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.00K $0.00 $7.210K
YoY Change 0.0% -70.85%
Total Long-Term Assets $12.46K $13.55K $13.54K
YoY Change -15.91% -59.25% -59.28%
TOTAL ASSETS
Total Short-Term Assets $3.808M $477.0K $477.0K
Total Long-Term Assets $12.46K $13.55K $13.54K
Total Assets $3.821M $490.5K $490.5K
YoY Change 389.96% 1.0% 1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $270.0K $450.0K $449.3K
YoY Change -28.95% 21.62% 21.91%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $380.7K $481.8K $481.8K
YoY Change -21.24% 11.67% 11.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $80.00K $81.34K
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $80.00K $81.34K
YoY Change 17206.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $380.7K $481.8K $481.8K
Total Long-Term Liabilities $0.00 $80.00K $81.34K
Total Liabilities $380.7K $563.1K $563.1K
YoY Change -21.24% 30.38% 30.38%
SHAREHOLDERS EQUITY
Retained Earnings -$3.278M -$1.979M
YoY Change 114.27% 46.31%
Common Stock $40.64K $34.58K
YoY Change 17.55% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.440M -$72.60K -$72.60K
YoY Change
Total Liabilities & Shareholders Equity $3.821M $490.5K $490.5K
YoY Change 389.96% 1.0% 1.0%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$1.095M -$270.0K -$626.4K
YoY Change 943.42% 68.75% 34.0%
Depreciation, Depletion And Amortization $0.00 $0.00 $2.182K
YoY Change 93.1%
Cash From Operating Activities -$390.0K -$190.0K -$445.7K
YoY Change -4000.0% 137.5% 11.2%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.860M 0.000 $500.0K
YoY Change 819.05% -703.12%
NET CHANGE
Cash From Operating Activities -390.0K -190.0K -$445.7K
Cash From Investing Activities 0.000 $0.00
Cash From Financing Activities 3.860M 0.000 $500.0K
Net Change In Cash 3.470M -190.0K $54.33K
YoY Change 706.98% 111.11% -111.04%
FREE CASH FLOW
Cash From Operating Activities -$390.0K -$190.0K -$445.7K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$190.0K -$445.7K
YoY Change 171.43% 8.96%

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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
fcuv-20171231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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0001683168-18-000888-index.html Edgar Link pending
0001683168-18-000888.txt Edgar Link pending
0001683168-18-000888-xbrl.zip Edgar Link pending
fcuv-20171231.xsd Edgar Link pending
fcuv-20171231_def.xml Edgar Link unprocessable
fcuv-20171231.xml Edgar Link completed
Financial_Report.xlsx Edgar Link pending
focus_10k-123117.htm Edgar Link pending
focus_10k-ex3101.htm Edgar Link pending
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