FOCUS UNIVERSAL INC.: 10-K filed 2017-03-22
What FOCUS UNIVERSAL INC. reported in its annual report filed 2017-03-22 (fiscal FY 2016): 32 published measures, 87 facts as tagged in accession 0001683168-17-000639.
This filing
- Form
- 10-K (annual report)
- Filed
- 2017-03-22
- Fiscal period
- fiscal FY 2016
- Accession
- 0001683168-17-000639 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FOCUS UNIVERSAL INC. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 522,006 | USD | |
| At 2015-12-31 | 1,031,571 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 431,906 | USD | |
| At 2015-12-31 | 500,567 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 90,100 | USD | |
| At 2015-12-31 | 531,004 | USD | |
| At 2015-03-31 | -28,814 | USD | |
| At 2014-03-31 | -15,854 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 340,073 | USD | |
| At 2015-12-31 | 832,013 | USD | |
| At 2015-03-31 | 78,005 | USD | |
| At 2014-12-31 | 136 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | -440,904 | USD | 366 |
| 2015-04-01 to 2015-12-31 | -109,615 | USD | 275 |
| 2015-01-01 to 2015-03-31 | -35,571 | USD | 90 |
| 2014-04-01 to 2015-03-31 | -84,341 | USD | 365 |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 8,239 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 1,640 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 337,496 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 17,848 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | -8,239 | USD | 366 |
| 2015-04-01 to 2015-12-31 | -1,640 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | -657,714 | USD | |
| At 2015-12-31 | -216,810 | USD |
Income tax expense or benefit
Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 1,600 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 800 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 8,517 | USD | |
| At 2015-12-31 | 1,408 | USD |
Share-based compensation expense
Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 0 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 0 | USD | 275 |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | -443,237 | USD | 366 |
| 2015-04-01 to 2015-12-31 | -104,897 | USD | 275 |
| 2015-01-01 to 2015-03-31 | -35,571 | USD | 90 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 488,763 | USD | |
| At 2015-12-31 | 1,005,437 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 203 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 3,918 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 431,438 | USD | |
| At 2015-12-31 | 499,656 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 35,896 | USD | |
| At 2015-12-31 | 106,889 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 723,605 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 116,670 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 35,571 | USD | 90 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 104,832 | USD | |
| At 2015-12-31 | 51,574 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 280,368 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 11,773 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 57,128 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 6,075 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Research and development expense
Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 201,899 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 0 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Common shares outstanding
Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 34,574,706 | shares | |
| At 2015-12-31 | 34,574,706 | shares |
Additional paid-in capital
Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 713,239 | USD | |
| At 2015-12-31 | 713,239 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2016-12-31 | 1,362 | USD | |
| At 2015-12-31 | 232 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | -439,304 | USD | 366 |
| 2015-04-01 to 2015-12-31 | -108,815 | USD | 275 |
| 2015-01-01 to 2015-03-31 | -35,571 | USD | 90 |
General and administrative expense
General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 257,365 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 45,517 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 7,786 | USD | 90 |
Depreciation expense
Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 1,130 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 232 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 3,933 | USD | 366 |
| 2015-04-01 to 2015-12-31 | -3,918 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Change in accounts receivable
The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | -70,993 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 106,889 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 53,258 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 51,574 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 0 | USD | 90 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2016-01-01 to 2016-12-31 | 96,987 | USD | 366 |
| 2015-04-01 to 2015-12-31 | 267,072 | USD | 275 |
| 2015-01-01 to 2015-03-31 | 21,076 | USD | 90 |
Inspect the source
- Entity
- FOCUS UNIVERSAL INC. / CIK 0001590418
- Captured
- 2026-09-20T09:23:52.982Z
- SEC response SHA-256
d35a6bf0c7e75cc069ce5545c0f7a80fa52590736b978e08ca492e677373c860
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001590418.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))