2019 Q1 Form 10-K Financial Statement

#000168316819000583 Filed on March 11, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2017 Q4 2017
Revenue $153.9K $50.00K $898.1K
YoY Change 124.48% -61.54% -19.96%
Cost Of Revenue $131.7K $100.0K $726.3K
YoY Change 634.94% 11.11% -16.19%
Gross Profit $22.15K -$50.00K $171.8K
YoY Change -56.25% -225.0% -32.73%
Gross Profit Margin 14.4% -100.0% 19.13%
Selling, General & Admin $110.7K $120.0K $484.1K
YoY Change 59.99% 0.0% -7.0%
% of Gross Profit 499.52% 281.74%
Research & Development $62.00K $30.00K $208.2K
YoY Change 21.53% -57.14% 3.14%
% of Gross Profit 279.9% 121.19%
Depreciation & Amortization $32.93K $0.00 $2.182K
YoY Change 5941.28% 93.1%
% of Gross Profit 148.63% 1.27%
Operating Expenses $558.1K $150.0K $692.4K
YoY Change 178.55% -21.05% -4.16%
Operating Profit -$535.9K -$200.0K -$520.5K
YoY Change 257.95% 33.33% 11.46%
Interest Expense $730.00 -$70.00K -$105.8K
YoY Change -101.46% -52233.0%
% of Operating Profit
Other Income/Expense, Net $725.00 -$10.00K -$105.8K
YoY Change -101.34% 0.0% -18098.47%
Pretax Income -$535.2K -$270.0K -$626.4K
YoY Change 162.56% 68.75% 34.14%
Income Tax $0.00 $0.00 $694.00
% Of Pretax Income
Net Earnings -$535.2K -$270.0K -$626.4K
YoY Change 162.56% 68.75% 34.0%
Net Earnings / Revenue -347.78% -540.0% -69.74%
Basic Earnings Per Share
Diluted Earnings Per Share -$13.08K -$0.01 -$18.12K
COMMON SHARES
Basic Shares Outstanding 40.91M shares 34.57M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.555M $390.0K $394.4K
YoY Change 1321.99% 14.71% 15.98%
Cash & Equivalents $3.555M $394.4K $394.4K
Short-Term Investments
Other Short-Term Assets $71.64K $10.00K $8.280K
YoY Change 0.0% 4.02%
Inventory $45.45K $47.43K $47.43K
Prepaid Expenses $71.64K $8.280K
Receivables $546.6K $26.31K $26.88K
Other Receivables $2.150K $0.00 $0.00
Total Short-Term Assets $4.223M $477.0K $477.0K
YoY Change 1041.31% 5.43% 5.43%
LONG-TERM ASSETS
Property, Plant & Equipment $4.737M $6.336K $6.340K
YoY Change 47267.11% -25.61% -25.59%
Goodwill $307.6K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.84K $0.00 $7.210K
YoY Change 38.4% -70.85%
Total Long-Term Assets $5.243M $13.55K $13.54K
YoY Change 52325.39% -59.25% -59.28%
TOTAL ASSETS
Total Short-Term Assets $4.223M $477.0K $477.0K
Total Long-Term Assets $5.243M $13.55K $13.54K
Total Assets $9.465M $490.5K $490.5K
YoY Change 2390.89% 1.0% 1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $450.0K $449.3K
YoY Change -100.0% 21.62% 21.91%
Accrued Expenses $51.33K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $41.50K $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $367.2K $481.8K $481.8K
YoY Change -30.72% 11.67% 11.67%
LONG-TERM LIABILITIES
Long-Term Debt $8.500K $80.00K $81.34K
YoY Change -92.92%
Other Long-Term Liabilities $144.3K $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $152.8K $80.00K $81.34K
YoY Change 27.34% 17206.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $367.2K $481.8K $481.8K
Total Long-Term Liabilities $152.8K $80.00K $81.34K
Total Liabilities $520.0K $563.1K $563.1K
YoY Change -21.21% 30.38% 30.38%
SHAREHOLDERS EQUITY
Retained Earnings -$4.451M -$1.979M
YoY Change 46.31%
Common Stock $40.96K $34.58K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.857M -$72.60K -$72.60K
YoY Change
Total Liabilities & Shareholders Equity $9.465M $490.5K $490.5K
YoY Change 2390.89% 1.0% 1.0%

Cashflow Statement

Concept 2019 Q1 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$535.2K -$270.0K -$626.4K
YoY Change 162.56% 68.75% 34.0%
Depreciation, Depletion And Amortization $32.93K $0.00 $2.182K
YoY Change 5941.28% 93.1%
Cash From Operating Activities -$369.1K -$190.0K -$445.7K
YoY Change 160.18% 137.5% 11.2%
INVESTING ACTIVITIES
Capital Expenditures $181.1K $0.00 $0.00
YoY Change -100.0% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$348.5K
YoY Change
Cash From Investing Activities -$529.6K $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 $2.021K
YoY Change
Cash From Financing Activities -$2.021K 0.000 $500.0K
YoY Change -703.12%
NET CHANGE
Cash From Operating Activities -$369.1K -190.0K -$445.7K
Cash From Investing Activities -$529.6K 0.000 $0.00
Cash From Financing Activities -$2.021K 0.000 $500.0K
Net Change In Cash -$900.8K -190.0K $54.33K
YoY Change 534.92% 111.11% -111.04%
FREE CASH FLOW
Cash From Operating Activities -$369.1K -$190.0K -$445.7K
Capital Expenditures $181.1K $0.00 $0.00
Free Cash Flow -$550.2K -$190.0K -$445.7K
YoY Change 287.84% 171.43% 8.96%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i><u>Concentrations of Credit Risk</u></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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>
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CY2017 us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
-17516 usd
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
548949 usd
CY2017 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
CY2018Q4 FCUV Warehouse Gross
WarehouseGross
3789773 usd
CY2017Q4 FCUV Warehouse Gross
WarehouseGross
0 usd
CY2018 FCUV Shares Issued For Convertible Notes
SharesIssuedForConvertibleNotes
548949 usd
CY2017 FCUV Shares Issued For Convertible Notes
SharesIssuedForConvertibleNotes
0 usd
CY2018Q4 us-gaap Cash
Cash
4455751 usd
CY2017Q4 us-gaap Cash
Cash
394398 usd
CY2017 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
54327 usd
CY2019Q1 dei Entity Public Float
EntityPublicFloat
302733238 usd

Files In Submission

Name View Source Status
fcuv-20181231.xml Edgar Link completed
fcuv-20181231_cal.xml Edgar Link unprocessable
0001683168-19-000583-index-headers.html Edgar Link pending
0001683168-19-000583-index.html Edgar Link pending
0001683168-19-000583.txt Edgar Link pending
0001683168-19-000583-xbrl.zip Edgar Link pending
fcuv-20181231.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
focus_10k-123118.htm Edgar Link pending
focus_10k-ex3101.htm Edgar Link pending
focus_10k-ex3102.htm Edgar Link pending
focus_10k-ex3201.htm Edgar Link pending
focus_10k-ex3202.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R16.htm Edgar Link pending
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R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
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R3.htm Edgar Link pending
R30.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
fcuv-20181231_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fcuv-20181231_lab.xml Edgar Link unprocessable
fcuv-20181231_pre.xml Edgar Link unprocessable