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FOCUS UNIVERSAL INC.: 10-Q filed 2022-08-12

What FOCUS UNIVERSAL INC. reported in its quarterly report filed 2022-08-12 (fiscal Q2 2022): 43 published measures, 121 facts as tagged in accession 0001683168-22-005642.

This filing

Form
10-Q (quarterly report)
Filed
2022-08-12
Fiscal period
fiscal Q2 2022
Accession
0001683168-22-005642 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.

PeriodValueUnitDays
At 2022-06-3011,901,845USD
At 2021-12-3114,021,750USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2022-06-30560,289USD
At 2021-12-31899,758USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2022-06-3011,341,556USD
At 2022-03-3112,146,359USD
At 2021-12-3113,121,992USD
At 2021-06-303,879,626USD
At 2021-03-314,240,934USD
At 2020-12-314,804,612USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,061,297USD91
2022-01-01 to 2022-06-30-2,930,227USD181
2021-04-01 to 2021-06-30-480,145USD91
2021-01-01 to 2021-06-30-1,162,661USD181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2022-01-01 to 2022-06-30-1,749,492USD181
2021-01-01 to 2021-06-30-964,297USD181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2022-01-01 to 2022-06-3039,702USD181
2021-01-01 to 2021-06-300USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2022-04-01 to 2022-06-3064,642USD91
2022-01-01 to 2022-06-30221,809USD181
2021-04-01 to 2021-06-30261,680USD91
2021-01-01 to 2021-06-30625,143USD181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-01-01 to 2022-06-300USD181
2021-01-01 to 2021-06-301,762,407USD181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2022-01-01 to 2022-06-30-267,537USD181
2021-01-01 to 2021-06-300USD181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2022-06-30-15,867,318USD
At 2021-12-31-12,937,091USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2022-04-01 to 2022-06-3043,396,719shares91
2022-01-01 to 2022-06-3043,328,608shares181
2021-04-01 to 2021-06-3040,959,741shares91
2021-01-01 to 2021-06-3040,959,741shares181

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-04-01 to 2022-06-3043,396,719shares91
2022-01-01 to 2022-06-3043,328,608shares181
2021-04-01 to 2021-06-3040,959,741shares91
2021-01-01 to 2021-06-3040,959,741shares181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-0.02USD/shares91
2022-01-01 to 2022-06-30-0.07USD/shares181
2021-04-01 to 2021-06-30-0.01USD/shares91
2021-01-01 to 2021-06-30-0.03USD/shares181

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-0.02USD/shares91
2022-01-01 to 2022-06-30-0.07USD/shares181
2021-04-01 to 2021-06-30-0.01USD/shares91
2021-01-01 to 2021-06-30-0.03USD/shares181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2022-04-01 to 2022-06-300USD91
2022-01-01 to 2022-06-300USD181
2021-04-01 to 2021-06-300USD91
2021-01-01 to 2021-06-300USD181

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.

PeriodValueUnitDays
At 2022-06-304,310,125USD
At 2021-12-314,353,340USD

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-300USD181
2021-01-01 to 2021-06-3024,000USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,205,348USD91
2022-01-01 to 2022-06-30-3,129,209USD181
2021-04-01 to 2021-06-30-663,535USD91
2021-01-01 to 2021-06-30-1,382,728USD181

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.

PeriodValueUnitDays
At 2022-06-307,339,735USD
At 2021-12-319,214,340USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2022-06-30314,283USD
At 2021-12-31571,442USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2022-06-30167,622USD
At 2021-12-31177,315USD

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-301,269,990USD91
2022-01-01 to 2022-06-303,351,018USD181
2021-04-01 to 2021-06-30925,215USD91
2021-01-01 to 2021-06-302,007,871USD181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2022-06-3056,258USD
At 2021-12-3122,889USD

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30167,361USD91
2022-01-01 to 2022-06-30729,105USD181
2021-04-01 to 2021-06-3047,222USD91
2021-01-01 to 2021-06-30110,372USD181

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.

PeriodValueUnitDays
At 2022-06-3043,413,517shares
At 2021-12-3143,259,741shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2022-06-306,660,408USD
At 2021-12-318,678,665USD
At 2021-06-301,381,435USD
At 2020-12-31583,325USD

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.

PeriodValueUnitDays
At 2022-06-3026,480,424USD
At 2021-12-3124,093,075USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2022-06-30117USD
At 2021-12-31-4USD

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.

PeriodValueUnitDays
At 2022-06-30215,750USD
At 2021-12-31420,137USD

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.

PeriodValueUnitDays
At 2022-06-30345,389USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2022-06-304,899,751USD
At 2021-12-314,860,948USD

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.

PeriodValueUnitDays
At 2022-06-30589,626USD
At 2021-12-31507,608USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2022-06-3014,735USD
At 2021-12-310USD

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,061,297USD91
2022-01-01 to 2022-06-30-2,930,227USD181
2021-04-01 to 2021-06-30-480,145USD91
2021-01-01 to 2021-06-30-1,162,661USD181

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,061,728USD91
2022-01-01 to 2022-06-30-2,930,106USD181
2021-04-01 to 2021-06-30-480,145USD91
2021-01-01 to 2021-06-30-1,162,661USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30819,268USD91
2022-01-01 to 2022-06-301,720,216USD181
2021-04-01 to 2021-06-30448,199USD91
2021-01-01 to 2021-06-30865,120USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-3082,063USD181
2021-01-01 to 2021-06-3080,872USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30218,421USD91
2022-01-01 to 2022-06-30263,077USD181
2021-04-01 to 2021-06-30198,613USD91
2021-01-01 to 2021-06-30242,823USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-30144,051USD91
2022-01-01 to 2022-06-30198,982USD181
2021-04-01 to 2021-06-30183,390USD91
2021-01-01 to 2021-06-30220,067USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-306,153USD181
2021-01-01 to 2021-06-3019,267USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-300USD181
2021-01-01 to 2021-06-300USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-3047,454USD181
2021-01-01 to 2021-06-30-40,219USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-307,752USD181
2021-01-01 to 2021-06-30-32,248USD181

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
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"])))