2018 Q4 Form 10-Q Financial Statement

#000168316818003375 Filed on November 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $60.70K $139.1K $265.7K
YoY Change 21.4% -47.65% 3.25%
Cost Of Revenue $28.88K $81.33K $191.6K
YoY Change -71.12% -57.56% 0.37%
Gross Profit $31.82K $57.77K $74.10K
YoY Change -163.64% -22.04% 11.54%
Gross Profit Margin 52.42% 41.53% 27.89%
Selling, General & Admin $360.8K $155.7K $120.0K
YoY Change 200.68% 29.73% 0.0%
% of Gross Profit 1133.94% 269.47% 161.94%
Research & Development $54.79K $58.93K $54.71K
YoY Change 82.63% 7.72% 2.73%
% of Gross Profit 172.19% 102.0% 73.83%
Depreciation & Amortization $26.35K $1.640K $0.00
YoY Change
% of Gross Profit 82.81% 2.84% 0.0%
Operating Expenses $415.6K $401.6K $175.6K
YoY Change 177.07% 128.69% 2.38%
Operating Profit -$383.8K -$343.8K -$101.5K
YoY Change 91.9% 238.73% -3.4%
Interest Expense $760.00 -$441.7K -$40.00K
YoY Change -101.09% 1004.25%
% of Operating Profit
Other Income/Expense, Net $0.00 $1.317K $296.00
YoY Change -100.0% 344.93%
Pretax Income -$383.0K -$342.5K -$140.6K
YoY Change 41.87% 143.59% 41.81%
Income Tax -$20.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$383.0K -$342.5K -$104.6K
YoY Change 41.86% 227.41% 4.66%
Net Earnings / Revenue -631.0% -246.24% -39.37%
Basic Earnings Per Share
Diluted Earnings Per Share -$9.353K -$44.71K $0.00
COMMON SHARES
Basic Shares Outstanding 40.91M shares 40.91M shares 34.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.456M $4.641M $580.0K
YoY Change 1042.5% 700.25% 38.1%
Cash & Equivalents $4.456M $4.641M $577.6K
Short-Term Investments
Other Short-Term Assets $115.8K $105.5K $10.00K
YoY Change 1058.3% 954.7% 0.0%
Inventory $69.79K $55.43K $75.95K
Prepaid Expenses $115.8K $105.5K $11.05K
Receivables $10.91K $79.08K $105.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.692M $4.901M $769.7K
YoY Change 883.66% 536.73% 50.75%
LONG-TERM ASSETS
Property, Plant & Equipment $4.578M $4.530M $7.145K
YoY Change 72155.92% 63296.01% 77.21%
Goodwill $0.00
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.870K $15.37K $10.00K
YoY Change 53.7% -50.0%
Total Long-Term Assets $4.586M $4.545M $14.36K
YoY Change 33755.06% 31561.56% -50.08%
TOTAL ASSETS
Total Short-Term Assets $4.692M $4.901M $769.7K
Total Long-Term Assets $4.586M $4.545M $14.36K
Total Assets $9.278M $9.446M $784.0K
YoY Change 1791.4% 1104.79% 45.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.920K $0.00 $390.0K
YoY Change -98.91% -100.0% 25.81%
Accrued Expenses $0.00 $0.00
YoY Change
Deferred Revenue $36.18K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $212.0K $229.9K $508.3K
YoY Change -56.0% -54.76% 60.43%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $40.00K
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $40.00K
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $212.0K $229.9K $508.3K
Total Long-Term Liabilities $0.00 $0.00 $40.00K
Total Liabilities $212.0K $229.9K $548.2K
YoY Change -62.36% -58.05% 72.59%
SHAREHOLDERS EQUITY
Retained Earnings -$4.003M -$3.620M -$1.670M
YoY Change 102.32% 116.74% 217.48%
Common Stock $40.91K $40.91K $34.58K
YoY Change 18.31% 18.31% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.066M $9.216M $235.8K
YoY Change
Total Liabilities & Shareholders Equity $9.278M $9.446M $784.0K
YoY Change 1791.4% 1104.79% 45.37%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$383.0K -$342.5K -$104.6K
YoY Change 41.86% 227.41% 4.66%
Depreciation, Depletion And Amortization $26.35K $1.640K $0.00
YoY Change
Cash From Operating Activities -$272.1K -$609.6K -$150.0K
YoY Change 43.22% 306.39% 150.0%
INVESTING ACTIVITIES
Capital Expenditures -$74.85K -$4.525M $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$74.85K -$4.525M $0.00
YoY Change -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 161.3K 6.052M 80.00K
YoY Change 7464.49%
NET CHANGE
Cash From Operating Activities -272.1K -609.6K -150.0K
Cash From Investing Activities -74.85K -4.525M 0.000
Cash From Financing Activities 161.3K 6.052M 80.00K
Net Change In Cash -185.7K 917.1K -70.00K
YoY Change -2.26% -1410.09% 40.0%
FREE CASH FLOW
Cash From Operating Activities -$272.1K -$609.6K -$150.0K
Capital Expenditures -$74.85K -$4.525M $0.00
Free Cash Flow -$197.3K $3.915M -$150.0K
YoY Change 3.82% -2710.23% 150.0%

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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17712 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-8162 usd
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
0 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
97186 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3091 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
47083 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-28879 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
18636 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
52772 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
69152 usd
us-gaap Share Based Compensation
ShareBasedCompensation
469377 usd
us-gaap Share Based Compensation
ShareBasedCompensation
0 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
336713 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
39926 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1635 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1371 usd
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
39088 usd
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
0 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i><u>Concentrations of Credit Risk</u></i></p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</p>
CY2018Q3 us-gaap Land
Land
731515 usd
CY2017Q4 us-gaap Land
Land
0 usd
us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
262691 shares
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
457377 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
0 usd
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
0 usd
us-gaap Increase Decrease In Deposits Outstanding
IncreaseDecreaseInDepositsOutstanding
17516 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4524944 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 usd
us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
28000 usd
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2018Q3 us-gaap Other Notes Payable
OtherNotesPayable
18000 usd
CY2017Q4 us-gaap Other Notes Payable
OtherNotesPayable
0 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
18000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4524944 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
FCUV Shares Issued From Subscription Receivable
SharesIssuedFromSubscriptionReceivable
6078104 usd
FCUV Shares Issued From Subscription Receivable
SharesIssuedFromSubscriptionReceivable
0 usd
CY2018Q3 FCUV Warehouse
Warehouse
3789773 usd
CY2017Q4 FCUV Warehouse
Warehouse
0 usd
CY2018Q3 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
189257 usd
CY2017Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
0 usd
CY2018Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
18000 usd

Files In Submission

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fcuv-20180930_lab.xml Edgar Link unprocessable
0001683168-18-003375-index-headers.html Edgar Link pending
0001683168-18-003375-index.html Edgar Link pending
0001683168-18-003375.txt Edgar Link pending
0001683168-18-003375-xbrl.zip Edgar Link pending
fcuv-20180930.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
focus_10q-093018.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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report.css Edgar Link pending
Show.js Edgar Link pending
fcuv-20180930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fcuv-20180930_pre.xml Edgar Link unprocessable
fcuv-20180930.xml Edgar Link completed
fcuv-20180930_cal.xml Edgar Link unprocessable