Focus Universal, Inc. (FCUV) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5832,1934,456394340787
Cash and cash equivalents5832,1934,456394340787
Receivables191137512736  
Inventory, net of allowances, customer advances and progress billings42637047105 
Inventory42637047105  
Prepaid expense914711688120
Deposits current assets100    23 
Other undisclosed current assets     (23) 
Total current assets:1,0082,4404,692477489908
Noncurrent Assets
Operating lease, right-of-use asset87128
Property, plant and equipment4,4934,6534,57869  
Deposits noncurrent assets7787   
Other undisclosed noncurrent assets    2523 
Total noncurrent assets:4,5864,7884,586143323 
TOTAL ASSETS:5,5937,2299,2784915221138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1991921644493732117
Accounts payable  7    
Taxes payable   11  
Interest and dividends payable 2   0 
Other undisclosed accounts payable and accrued liabilities1991911564483722117
Deferred revenue57128
Debt19444     
Due to related parties17505  20 
Deferred revenue and credits 0  
Customer advances and deposits3258 
Other liabilities617     
Other undisclosed current liabilities53243101006
Total current liabilities:52843321248243114224
Noncurrent Liabilities
Long-term debt and lease obligation24495 81   
Long-term debt, excluding current maturities203  81   
Operating lease, liability4195
Liabilities, other than long-term debt1712     
Other liabilities1712     
Other undisclosed noncurrent liabilities    0  
Total noncurrent liabilities:261107 810  
Total liabilities:78954021256343214224
Stockholders' equity
Stockholders' equity attributable to parent, including:4,8056,6899,066(73)90(29)(16)
Common stock414141353574
Additional paid in capital14,38113,77612,9561,87271372 
Accumulated deficit(9,716)(7,179)(4,003)(1,979)(658)(107) 
Other undisclosed stockholders' equity attributable to parent995172   (20)
Total stockholders' equity:4,8056,6899,066(73)90(29)(16)
TOTAL LIABILITIES AND EQUITY:5,5937,2299,2784915221138

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
3/31/2014
Revenues1,6791,4603088983372016
Revenue, net898   
Cost of revenue(1,395)(1,342)(138)(726)(57)(11)(5)
Gross profit:284118170172280911
Operating expenses(2,988)(3,449)(1,754)(692)(724)(94)(31)
Other operating expense, net
(Other Expenses)
     (41)(13)
Other undisclosed operating income     4113
Operating loss:(2,704)(3,330)(1,584)(520)(443)(84)(21)
Nonoperating income (expense)167155(441)(106)4  
Other nonoperating income (expense)171154 (106)4  
Interest and debt expense(5)(2) (81)(0)  
Loss from continuing operations before equity method investments, income taxes:(2,542)(3,177)(2,025)(707)(440)(84)(21)
Other undisclosed income from continuing operations before income taxes52 810  
Loss from continuing operations before income taxes:(2,537)(3,176)(2,025)(626)(439)(84)(21)
Income tax expense   (1)(2)  
Net loss available to common stockholders, diluted:(2,537)(3,176)(2,025)(626)(441)(84)(21)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
3/31/2014
Net loss:(2,537)(3,176)(2,025)(626)(441)(84)(21)
Comprehensive loss, net of tax, attributable to parent:(2,537)(3,176)(2,025)(626)(441)(84)(21)

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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