Focus Universal Inc. (FCUV) financial statements (2022 and earlier)

Company profile

Business Address 2311 EAST LOCUST STREET
ONTARIO, CA 91761
State of Incorp. NV
Fiscal Year End December 31
SIC 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,6795832,1934,45639434078
Cash and cash equivalents8,6795832,1934,45639434078
Receivables177191137512736 
Inventory, net of allowances, customer advances and progress billings2342637047105 
Inventory2342637047105 
Prepaid expense30191471168812
Deposits current assets6100    23
Other undisclosed current assets28     (23)
Total current assets:9,2141,0082,4404,69247748990
Noncurrent Assets
Operating lease, right-of-use asset42087128
Property, plant and equipment4,3534,4934,6534,57869 
Deposits noncurrent assets347787  
Other undisclosed noncurrent assets     2523
Total noncurrent assets:4,8074,5864,7884,586143323
TOTAL ASSETS:14,0225,5937,2299,278491522113
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:29319919216444937321
Accounts payable   7   
Taxes payable    11 
Interest and dividends payable  2   0
Other undisclosed accounts payable and accrued liabilities29319919115644837221
Deferred revenue057128
Debt13319444    
Due to related parties 17505  20
Deferred revenue and credits 0 
Customer advances and deposits3258 
Other liabilities24617    
Other undisclosed current liabilities1225324310100
Total current liabilities:571528433212482431142
Noncurrent Liabilities
Long-term debt and lease obligation32824495 81  
Long-term debt, excluding current maturities26203  81  
Operating lease, liability3024195
Liabilities, other than long-term debt 1712    
Other liabilities 1712    
Other undisclosed noncurrent liabilities(302)    0 
Total noncurrent liabilities:328261107 810 
Total liabilities:900789540212563432142
Stockholders' equity
Stockholders' equity attributable to parent, including:13,1224,8056,6899,066(73)90(29)
Common stock4341414135357
Additional paid in capital24,09314,38113,77612,9561,87271372
Accumulated other comprehensive loss(0)      
Accumulated deficit(12,937)(9,716)(7,179)(4,003)(1,979)(658)(107)
Other undisclosed stockholders' equity attributable to parent1,923995172   
Total stockholders' equity:13,1224,8056,6899,066(73)90(29)
TOTAL LIABILITIES AND EQUITY:14,0225,5937,2299,278491522113

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Revenues1,4341,6791,46030889833720
Revenue, net898  
Cost of revenue(1,136)(1,395)(1,342)(138)(726)(57)(11)
Cost of goods and services sold(1,136)      
Gross profit:2982841181701722809
Operating expenses(4,451)(2,988)(3,449)(1,754)(692)(724)(94)
Other operating expense, net
(Other Expenses)
      (41)
Other undisclosed operating income1,136     41
Operating loss:(3,017)(2,704)(3,330)(1,584)(520)(443)(84)
Nonoperating income (expense)(204)167155(441)(106)4 
Other nonoperating income (expense)196171154 (106)4 
Interest and debt expense(38)(5)(2) (81)(0) 
Loss from continuing operations before equity method investments, income taxes:(3,259)(2,542)(3,177)(2,025)(707)(440)(84)
Other undisclosed income from continuing operations before income taxes3852 810 
Loss from continuing operations before income taxes:(3,221)(2,537)(3,176)(2,025)(626)(439)(84)
Income tax expense    (1)(2) 
Net loss available to common stockholders, diluted:(3,221)(2,537)(3,176)(2,025)(626)(441)(84)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Net loss:(3,221)(2,537)(3,176)(2,025)(626)(441)(84)
Other comprehensive loss(0)      
Comprehensive loss, net of tax, attributable to parent:(3,221)(2,537)(3,176)(2,025)(626)(441)(84)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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