FOCUS UNIVERSAL INC.: 10-Q filed 2019-11-14
What FOCUS UNIVERSAL INC. reported in its quarterly report filed 2019-11-14 (fiscal Q3 2019): 38 published measures, 101 facts as tagged in accession 0001683168-19-003607.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2019-11-14
- Fiscal period
- fiscal Q3 2019
- Accession
- 0001683168-19-003607 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 2019-09-30 | 8,252,012 | USD | |
| At 2018-12-31 | 9,277,911 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 465,978 | USD | |
| At 2018-12-31 | 211,976 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 7,786,034 | USD | |
| At 2019-06-30 | 8,467,324 | USD | |
| At 2018-12-31 | 9,065,935 | USD | |
| At 2018-09-30 | 9,215,701 | USD | |
| At 2018-06-30 | 3,440,126 | USD | |
| At 2017-12-31 | -72,601 | 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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | -1,730,654 | USD | 92 |
| 2019-01-01 to 2019-09-30 | -2,667,981 | USD | 273 |
| 2018-07-01 to 2018-09-30 | -342,530 | USD | 92 |
| 2018-01-01 to 2018-09-30 | -1,641,641 | USD | 273 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | -1,099,422 | USD | 273 |
| 2018-01-01 to 2018-09-30 | -1,139,589 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 220,793 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 4,524,944 | USD | 273 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 332,170 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 995,245 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 139,102 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 247,434 | USD | 273 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 174,373 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 9,911,592 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | -770,793 | USD | 273 |
| 2018-01-01 to 2018-09-30 | -4,524,944 | USD | 273 |
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 2019-09-30 | -6,671,439 | USD | |
| At 2018-12-31 | -4,003,458 | 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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 3,260 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 3,260 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 0 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 0 | USD | 273 |
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 2019-09-30 | 4,697,202 | USD | |
| At 2018-12-31 | 4,578,135 | 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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 59,964 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 469,377 | USD | 273 |
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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | -1,735,622 | USD | 92 |
| 2019-01-01 to 2019-09-30 | -2,675,997 | USD | 273 |
| 2018-07-01 to 2018-09-30 | -343,847 | USD | 92 |
| 2018-01-01 to 2018-09-30 | -1,199,938 | USD | 273 |
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 2019-09-30 | 3,080,972 | USD | |
| At 2018-12-31 | 4,691,904 | USD |
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 2019-09-30 | 349,097 | USD | |
| At 2018-12-31 | 211,976 | USD |
Goodwill carrying amount
Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 307,572 | USD | |
| At 2018-12-31 | 0 | 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 2019-09-30 | 185,363 | USD | |
| At 2018-12-31 | 10,908 | 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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 1,719,421 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 2,918,791 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 401,619 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 1,338,357 | USD | 273 |
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 2019-09-30 | 82,678 | USD | |
| At 2018-12-31 | 69,787 | 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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | -16,201 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 242,794 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 57,772 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 138,419 | USD | 273 |
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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 348,371 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 752,451 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 81,330 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 109,015 | USD | 273 |
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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 66,282 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 193,002 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 58,930 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 166,719 | USD | 273 |
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 2019-09-30 | 40,959,741 | shares | |
| At 2018-12-31 | 40,907,010 | 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 2019-09-30 | 14,381,059 | USD | |
| At 2018-12-31 | 12,956,486 | USD |
Operating lease right-of-use asset
Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 159,636 | USD | |
| At 2018-12-31 | 0 | USD |
Operating lease liability
Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 183,407 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-09-30 | 4,929,910 | USD | |
| At 2018-12-31 | 4,609,671 | 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 2019-09-30 | 195,271 | USD | |
| At 2018-12-31 | 31,536 | 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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | -1,727,394 | USD | 92 |
| 2019-01-01 to 2019-09-30 | -2,664,721 | USD | 273 |
| 2018-07-01 to 2018-09-30 | -342,530 | USD | 92 |
| 2018-01-01 to 2018-09-30 | -1,641,641 | USD | 273 |
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 |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 250,180 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 599,350 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 155,676 | USD | 92 |
| 2018-01-01 to 2018-09-30 | 360,728 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 112,107 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 1,635 | USD | 273 |
Nonoperating income or expense
Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-07-01 to 2019-09-30 | 8,228 | USD | 92 |
| 2019-01-01 to 2019-09-30 | 11,276 | USD | 273 |
| 2018-07-01 to 2018-09-30 | 1,317 | USD | 92 |
| 2018-01-01 to 2018-09-30 | -441,703 | USD | 273 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 0 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 0 | USD | 273 |
Income taxes paid, net
Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 0 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 0 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | -262,099 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 52,772 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | 1,609 | USD | 273 |
| 2018-01-01 to 2018-09-30 | 47,083 | USD | 273 |
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 |
|---|---|---|---|
| 2019-01-01 to 2019-09-30 | -22,860 | USD | 273 |
| 2018-01-01 to 2018-09-30 | -106,387 | USD | 273 |
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"])))