All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
FOCUS UNIVERSAL INC. Last Reported: 3/31/2024 Stock Symbol: FCUV

Business Address

2311 EAST LOCUST STREET

ONTARIO , CA US 91761

Mailing Address

2311 EAST LOCUST STREET

ONTARIO , CA US 91761
Phone Number: 917-830-6517 / State Incorporated: NV / Fiscal Year End 12 /31

Balance Sheet

Date 9/30/2023 6/30/2023 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013 9/30/2013 3/31/2013
Cash and Cash Equivalents -- -- -- -- -- -- -- -- -- -- -- -- -- -- $2,759,909.00 $3,424,779.00 $3,554,975.00 $4,455,751.00 $4,641,457.00 $3,721,226.00 $252,526.00 $394,398.00 $577,596.00 $650,896.00 $216,766.00 $340,073.00 $423,504.00 $483,550.00 $601,577.00 $832,013.00 $148,969.00 $991,528.00 $78,005.00 $136.00 $185.00 $5,955.00 $7,408.00 -- -- --
Accounts Receivable Net Current $172,903.00 $101,379.00 $78,313.00 $137,464.00 $167,622.00 $231,493.00 $177,315.00 $303,265.00 $144,588.00 $190,556.00 $309,452.00 $256,419.00 $231,499.00 $137,338.00 $185,363.00 $301,193.00 $546,638.00 $10,908.00 $79,083.00 -- $44,721.00 $26,311.00 $105,048.00 $22,145.00 $105,483.00 $35,896.00 $35,946.00 $75,847.00 $20,447.00 $106,889.00 -- $2,008.00 -- -- -- $3,200.00 -- -- -- --
Inventory $299,973.00 $88,246.00 $103,772.00 $49,109.00 $56,258.00 $52,962.00 $22,889.00 $19,838.00 $11,577.00 $42,496.00 $65,998.00 $68,937.00 $77,181.00 $62,933.00 $82,678.00 $88,481.00 $45,447.00 $69,787.00 $55,427.00 $66,309.00 $66,309.00 $47,432.00 $75,953.00 $84,653.00 $97,594.00 $104,832.00 $40,673.00 $41,233.00 $49,362.00 $51,574.00 -- -- -- -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets $2,040,669.00 $1,796,226.00 $4,807,830.00 $6,591,072.00 $7,339,735.00 $8,274,005.00 $9,214,340.00 $10,010,770.00 $1,735,090.00 $1,007,630.00 $1,397,624.00 $1,742,525.00 $1,866,277.00 $2,440,112.00 $3,080,972.00 $3,846,077.00 $4,222,851.00 $4,691,904.00 $4,900,633.00 $3,808,402.00 $367,723.00 $476,985.00 $769,651.00 $765,019.00 $426,441.00 $488,763.00 $510,549.00 $608,598.00 $683,252.00 $1,005,437.00 $177,105.00 $996,061.00 $89,870.00 $6,982.00 $9,531.00 $9,334.00 $7,716.00 -- -- --
Property Plant and Equipement $4,119,973.00 $4,159,503.00 $4,228,630.00 $4,266,907.00 $4,310,125.00 $4,344,660.00 $4,353,340.00 $4,377,453.00 $4,411,638.00 $4,492,510.00 $4,533,068.00 $4,572,313.00 $4,612,840.00 $4,653,438.00 $4,697,202.00 $4,734,639.00 $4,736,711.00 $4,578,135.00 $4,529,645.00 $5,246.00 $5,791.00 $6,336.00 $7,145.00 $7,603.00 $8,059.00 $8,517.00 $4,032.00 $4,313.00 $2,326.00 $1,408.00 $1,489.00 $1,572.00 -- -- -- -- -- -- -- --
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- -- $162,572.00 $307,572.00 $307,572.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Other Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets $6,398,962.00 $6,215,390.00 $9,323,060.00 $11,059,397.00 $11,901,845.00 $12,958,661.00 $14,021,750.00 $14,439,384.00 $6,216,363.00 $5,593,328.00 $6,034,970.00 $6,429,768.00 $6,604,291.00 $7,228,579.00 $8,213,735.00 $9,067,031.00 $9,465,390.00 $9,277,911.00 $9,445,650.00 $3,820,858.00 $380,724.00 $490,531.00 $784,006.00 $779,832.00 $459,226.00 $522,006.00 $539,307.00 $637,637.00 $710,304.00 $1,031,571.00 $203,320.00 $1,022,359.00 $112,966.00 $6,982.00 $9,531.00 $9,334.00 $7,716.00 -- -- --
Accounts Payable -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accrued Liabilities -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Liabilities $1,544,791.00 $576,049.00 $1,565,526.00 $2,480,534.00 $560,289.00 $812,302.00 $899,758.00 $718,170.00 $2,336,737.00 $788,716.00 $693,578.00 $748,466.00 $566,672.00 $540,004.00 $444,222.00 $599,707.00 $520,022.00 $211,976.00 $229,949.00 $380,730.00 $657,158.00 $563,132.00 $548,207.00 $483,417.00 $477,843.00 $431,906.00 $317,639.00 $316,012.00 $295,104.00 $500,567.00 $297,804.00 $1,077,350.00 $141,780.00 $225.00 $33,216.00 $17,475.00 $23,570.00 -- -- $2,348.00
Long Term Debt -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Additional Paid-in Capital -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Other Comprehensive Loss $-6,990.00 $-6,751.00 $-6,543.00 $4,713.00 $117.00 $548.00 $-4.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Deficit $-20,964,470.00 $-19,996,437.00 $-17,864,028.00 $-16,809,338.00 $-15,867,318.00 $-14,806,021.00 $-12,937,091.00 $-12,216,529.00 $-10,878,775.00 $-9,716,114.00 $-9,167,334.00 $-8,728,974.00 $-8,101,307.00 $-7,179,001.00 $-5,823,460.00 $-4,940,785.00 $-4,450,741.00 $-4,003,458.00 $-3,620,435.00 $457,377.00 $-2,182,627.00 $-1,978,794.00 $-1,670,394.00 $-1,529,778.00 $-1,424,810.00 $-1,316,093.00 $-526,146.00 $-426,189.00 $-332,614.00 $-216,810.00 $-172,865.00 $-133,372.00 $-107,195.00 -- -- -- $-22,854.00 -- -- --
Total Stockholders' Equity $4,854,171.00 $5,639,341.00 $7,757,534.00 $8,578,863.00 $11,341,556.00 $12,146,359.00 $13,121,992.00 $13,721,214.00 $3,879,626.00 $4,804,612.00 $5,341,392.00 $5,681,302.00 $6,037,619.00 $6,688,575.00 $7,769,513.00 $8,467,324.00 $8,945,368.00 $9,065,935.00 $9,215,701.00 $-3,277,905.00 $-276,434.00 $-72,601.00 $235,799.00 $296,415.00 $-18,617.00 $90,100.00 $221,668.00 $321,625.00 $415,200.00 $531,004.00 $-94,484.00 $-54,991.00 $-28,814.00 $6,757.00 $-23,685.00 $-8,141.00 $-15,854.00 -- -- $-2,348.00
Controlling Interest in Subsidiaries -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Liabilities and Equity $6,398,962.00 $6,215,390.00 $9,323,060.00 $11,059,397.00 $11,901,845.00 $12,958,661.00 $14,021,750.00 $14,439,384.00 $6,216,363.00 $5,593,328.00 $6,034,970.00 $6,429,768.00 $6,604,291.00 $7,228,579.00 $8,213,735.00 $9,067,031.00 $9,465,390.00 $9,277,911.00 $9,445,650.00 $3,440,128.00 $380,724.00 $490,531.00 $784,006.00 $779,832.00 $459,226.00 $522,006.00 $539,307.00 $637,637.00 $710,304.00 $1,031,571.00 $203,320.00 $1,022,359.00 $112,966.00 $6,982.00 $9,531.00 $9,334.00 $7,716.00 -- -- --

Statement of Operations

Date 9/30/2023 6/30/2023 12/31/2022 9/30/2022 6/30/2022 3/31/2022 12/31/2021 9/30/2021 6/30/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013 9/30/2013 3/31/2013
Total Revenues $318,370.00 $451,486.00 $353,619.00 $282,463.00 $64,642.00 $157,167.00 $1,434,446.00 $1,259,920.00 $625,143.00 $1,678,967.00 $544,003.00 $434,548.00 $310,609.00 $1,460,370.00 $995,245.00 $420,337.00 $242,738.00 $308,129.00 $247,434.00 $39,780.00 $68,552.00 $898,084.00 $220,643.00 $211,086.00 $82,190.00 $337,496.00 $250,659.00 $170,990.00 $84,387.00 $17,848.00 $9,630.00 $2,008.00 $20,150.00 $36,050.00 $36,050.00 $6,700.00 $15,900.00 $4,375.00 $7,500.00 --
Cost of Revenues $201,394.00 $330,003.00 $330,899.00 $243,004.00 -- -- -- $521,091.00 $500,846.00 $1,395,187.00 $1,035,600.00 $651,229.00 $338,072.00 $1,342,139.00 $752,451.00 $281,952.00 $122,128.00 $137,897.00 $81,330.00 $9,761.00 $17,924.00 $726,252.00 $723,419.00 $65,498.00 $20,336.00 $57,128.00 $774,628.00 $11,689.00 $5,730.00 $6,075.00 $2,025.00 $3,725.00 $10,700.00 $9,000.00 $9,000.00 $10,000.00 $5,000.00 $5,000.00 $5,000.00 --
Gross Profit $238,459.00 $121,483.00 $22,720.00 $18,213.00 -- -- -- $237,983.00 $124,297.00 $283,780.00 $253,560.00 $93,928.00 $-27,463.00 $118,231.00 $-16,201.00 $138,385.00 $120,610.00 $170,232.00 $138,419.00 $30,019.00 $50,628.00 $171,832.00 $74,103.00 $145,588.00 $61,854.00 $280,368.00 $219,333.00 $74,914.00 $78,657.00 $11,773.00 $7,588.00 $-17.00 $9,450.00 -- $22,050.00 $12,600.00 $10,900.00 $4,375.00 $2,500.00 --
Research and Development $305,872.00 $619,473.00 $1,060,385.00 $862,214.00 $167,361.00 $561,744.00 $220,469.00 $165,897.00 $110,372.00 $256,636.00 $194,232.00 $132,193.00 $70,396.00 $255,232.00 $193,002.00 $64,716.00 $62,004.00 $221,510.00 $166,719.00 $107,789.00 $51,018.00 $208,238.00 $58,522.00 $55,452.00 $54,476.00 $201,899.00 $136,237.00 $82,982.00 $36,530.00 -- -- -- -- -- -- -- -- -- -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Operating Expenses $3,581,218.00 $2,433,943.00 $5,228,366.00 $992,179.00 $3,351,018.00 $2,081,028.00 $4,451,033.00 $2,378,265.00 $1,507,025.00 $2,987,693.00 $635,310.00 $1,724,112.00 $942,818.00 $3,448,671.00 $2,074,072.00 $1,199,370.00 $568,618.00 $1,753,953.00 $1,338,342.00 $736,381.00 $200,342.00 $691,668.00 $175,615.00 $187,693.00 $175,366.00 $723,605.00 $534,674.00 $363,573.00 $193,015.00 $116,670.00 $69,107.00 $68,558.00 $93,791.00 $92,674.00 $81,985.00 $23,237.00 $31,406.00 $12,470.00 $4,096.00 $2,348.00
Loss from Operations $-3,342,759.00 $-2,312,460.00 $-5,205,646.00 $-973,966.00 $-3,129,209.00 $-1,923,861.00 $-3,016,587.00 $-2,140,282.00 $-1,382,728.00 $-2,703,913.00 $-2,105,862.00 $-1,630,184.00 $-970,281.00 $-3,330,440.00 $-1,831,278.00 $-940,375.00 $-448,008.00 $-1,583,721.00 $-343,847.00 $-856,076.00 $-149,714.00 $-519,836.00 $-318,713.00 $-217,201.00 $-113,512.00 $-443,237.00 $-105,089.00 $-95,644.00 $-114,358.00 $-104,897.00 $-61,519.00 $-34,704.00 $-84,341.00 $-71,624.00 $-37,081.00 $-21,537.00 $-22,854.00 $-3,999.00 $-1,596.00 $-2,348.00
Loss Before Income Taxes $-3,100,442.00 $-2,132,409.00 $-4,926,937.00 $-942,020.00 $-1,061,297.00 $-1,868,930.00 $-3,220,977.00 $-2,500,415.00 $-1,162,661.00 $-2,537,113.00 $-1,988,333.00 $-1,549,973.00 $-922,306.00 $-3,175,543.00 $-1,820,002.00 $-937,327.00 $-447,283.00 $-2,024,664.00 $-1,641,626.00 $-1,299,096.00 $-203,833.00 $-625,667.00 $-353,501.00 $-212,885.00 $-108,715.00 $-439,304.00 $-99,156.00 $-208,579.00 $-115,004.00 $-108,815.00 $-38,693.00 $-26,177.00 $-84,341.00 $-48,770.00 $-15,544.00 $-21,537.00 -- -- -- --
Earnings Per Share Basic $-0.05 $-0.02 $-0.11 $-0.02 $-0.07 $-0.04 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Basic 58,678,098 55,377,422 43,413,080 43,373,708 43,396,719 43,259,741 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 6,580,000 6,473,973 -- -- 6,321,758 1,994,521 -- -- --
Earnings Per Share Diluted $-0.05 $-0.02 $-0.11 $-0.02 $-0.07 $-0.04 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Diluted 58,678,098 65,171,740 43,413,080 43,462,436 43,396,719 43,259,741 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Shares Authorized 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 75,000,000 -- -- 75,000,000
Common Stock Shares Outstanding 64,771,817 64,771,817 43,530,915 43,528,915 43,413,517 43,259,741 43,259,741 43,259,741 40,959,741 40,959,741 40,959,741 40,959,741 40,959,741 40,959,741 40,959,741 40,959,741 40,959,741 40,907,010 40,907,010 40,644,319 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 34,574,706 6,580,000 6,580,000 6,580,000 6,580,000 6,580,000 6,580,000 4,000,000 -- -- --
Common Stock Value $64,771.00 $64,771.00 $43,531.00 $43,529.00 $43,413.00 $43,259.00 $43,259.00 $43,259.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,959.00 $40,907.00 $40,907.00 $40,644.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $34,575.00 $6,580.00 $6,580.00 $6,580.00 $6,580.00 $6,580.00 $6,580.00 $4,000.00 -- -- --
Common Stock Par Or Stated Value Per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- -- $0.00
Payments Of Dividends Common Stock -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Authorized -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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