2019 Q2 Form 10-Q Financial Statement

#000168316819001573 Filed on May 15, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $518.5K $153.9K $68.55K
YoY Change 1203.47% 124.48% -16.59%
Cost Of Revenue $376.7K $131.7K $17.92K
YoY Change 3759.65% 634.94% -11.86%
Gross Profit $141.8K $22.15K $50.63K
YoY Change 372.3% -56.25% -18.15%
Gross Profit Margin 27.34% 14.4% 73.85%
Selling, General & Admin $254.2K $110.7K $69.16K
YoY Change 87.09% 59.99% -42.36%
% of Gross Profit 179.32% 499.52% 136.61%
Research & Development $64.72K $62.00K $51.02K
YoY Change 13.99% 21.53% -6.35%
% of Gross Profit 45.65% 279.9% 100.77%
Depreciation & Amortization $38.72K $32.93K $545.00
YoY Change 5941.28% 19.52%
% of Gross Profit 27.31% 148.63% 1.08%
Operating Expenses $563.9K $558.1K $200.3K
YoY Change -23.42% 178.55% 14.24%
Operating Profit -$422.2K -$535.9K -$149.7K
YoY Change -40.24% 257.95% 31.89%
Interest Expense $340.00 $730.00 -$50.00K
YoY Change -100.09% -101.46%
% of Operating Profit
Other Income/Expense, Net $2.323K $725.00 -$54.12K
YoY Change -100.6% -101.34% -1228.18%
Pretax Income -$419.8K -$535.2K -$203.8K
YoY Change -77.96% 162.56% 87.49%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$419.8K -$535.2K -$203.8K
YoY Change -61.67% 162.56% 87.49%
Net Earnings / Revenue -80.97% -347.78% -297.34%
Basic Earnings Per Share
Diluted Earnings Per Share -$10.25K -$13.08K $0.00
COMMON SHARES
Basic Shares Outstanding 40.96M shares 40.91M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.425M $3.555M $250.0K
YoY Change -7.94% 1321.99% 13.64%
Cash & Equivalents $3.425M $3.555M $252.5K
Short-Term Investments
Other Short-Term Assets $29.47K $71.64K $0.00
YoY Change -100.0%
Inventory $88.48K $45.45K $70.00K
Prepaid Expenses $29.47K $71.64K
Receivables $301.2K $546.6K $40.00K
Other Receivables $2.150K $2.150K $0.00
Total Short-Term Assets $3.846M $4.223M $370.0K
YoY Change 0.99% 1041.31% -13.24%
LONG-TERM ASSETS
Property, Plant & Equipment $4.735M $4.737M $10.00K
YoY Change 90152.36% 47267.11% 24.08%
Goodwill $307.6K $307.6K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.630K $13.84K $10.00K
YoY Change -33.7% 38.4% -50.0%
Total Long-Term Assets $5.221M $5.243M $10.00K
YoY Change 41815.17% 52325.39% -69.5%
TOTAL ASSETS
Total Short-Term Assets $3.846M $4.223M $370.0K
Total Long-Term Assets $5.221M $5.243M $10.00K
Total Assets $9.067M $9.465M $380.0K
YoY Change 137.3% 2390.89% -17.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00 $510.0K
YoY Change -100.0% -100.0% 59.38%
Accrued Expenses $52.49K $51.33K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $41.50K $0.00
YoY Change 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $468.8K $367.2K $530.0K
YoY Change 23.13% -30.72% 10.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $8.500K $120.0K
YoY Change -92.92%
Other Long-Term Liabilities $130.9K $144.3K
YoY Change
Total Long-Term Liabilities $130.9K $152.8K $120.0K
YoY Change 27.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.8K $367.2K $530.0K
Total Long-Term Liabilities $130.9K $152.8K $120.0K
Total Liabilities $599.7K $520.0K $660.0K
YoY Change 57.52% -21.21% 38.12%
SHAREHOLDERS EQUITY
Retained Earnings -$4.941M -$4.451M
YoY Change 50.73%
Common Stock $40.96K $40.96K
YoY Change 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.450M $8.857M -$276.4K
YoY Change
Total Liabilities & Shareholders Equity $9.067M $9.465M $380.0K
YoY Change 137.3% 2390.89% -17.25%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income -$419.8K -$535.2K -$203.8K
YoY Change -61.67% 162.56% 87.49%
Depreciation, Depletion And Amortization $38.72K $32.93K $545.00
YoY Change 5941.28% 19.52%
Cash From Operating Activities -$81.79K -$369.1K -$141.9K
YoY Change -79.03% 160.18% 18.23%
INVESTING ACTIVITIES
Capital Expenditures -$36.17K $181.1K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 -$348.5K $0.00
YoY Change
Cash From Investing Activities -$36.17K -$529.6K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.021K $0.00
YoY Change
Cash From Financing Activities -12.24K -$2.021K $0.00
YoY Change -100.32%
NET CHANGE
Cash From Operating Activities -81.79K -$369.1K -$141.9K
Cash From Investing Activities -36.17K -$529.6K $0.00
Cash From Financing Activities -12.24K -$2.021K $0.00
Net Change In Cash -130.2K -$900.8K -$141.9K
YoY Change -103.75% 534.92%
FREE CASH FLOW
Cash From Operating Activities -$81.79K -$369.1K -$141.9K
Capital Expenditures -$36.17K $181.1K $0.00
Free Cash Flow -$45.62K -$550.2K -$141.9K
YoY Change 287.84% 18.23%

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CY2019Q1 FCUV Promissory Note Issued For Acquisition
PromissoryNoteIssuedForAcquisition
50000 usd
CY2018Q1 FCUV Promissory Note Issued For Acquisition
PromissoryNoteIssuedForAcquisition
0 usd
CY2019Q1 FCUV Shares Issued For Acquisition
SharesIssuedForAcquisition
290716 usd
CY2018Q1 FCUV Shares Issued For Acquisition
SharesIssuedForAcquisition
0 usd
CY2019Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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>
CY2019Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2033 usd
CY2018Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
0 usd
CY2019Q1 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
201482 usd
CY2018Q1 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 usd
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
725 usd
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-54119 usd
CY2019Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
64966 usd
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
40974 usd
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
195642 usd
CY2019Q1 us-gaap Revenue Not From Contract With Customer
RevenueNotFromContractWithCustomer
239738 usd

Files In Submission

Name View Source Status
fcuv-20190331_cal.xml Edgar Link unprocessable
R7.htm Edgar Link pending
0001683168-19-001573-index-headers.html Edgar Link pending
0001683168-19-001573-index.html Edgar Link pending
0001683168-19-001573.txt Edgar Link pending
0001683168-19-001573-xbrl.zip Edgar Link pending
fcuv-20190331.xsd Edgar Link pending
Financial_Report.xlsx Edgar Link pending
focus_10q-033119.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
R1.htm Edgar Link pending
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fcuv-20190331_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
fcuv-20190331_pre.xml Edgar Link unprocessable
fcuv-20190331_lab.xml Edgar Link unprocessable
fcuv-20190331.xml Edgar Link completed
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending