14. Segment reporting

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment reporting

Note 14 – Segment reporting

The Company consists of two types of operations. Focus Universal, Inc. and Perfecular Inc. (“Focus”) involve wholesale, research and development of universal smart instrument and farming devices. AVX Design & Integration, Inc. (“AVX”) is an IoT installation and management company, specializes in high performance and easy to use Audio/Video, Home Theater, Lighting Control, Automation and Integration. The table below discloses income statement information by segment.

	Three months ended March 31, 2020
	Focus			AVX			Total
Revenue	$	125,707		$	170,230		$	295,937
Revenue - related party		14,672			–			14,672
Total revenue		140,379			170,230			310,609
Cost of Revenue		94,428			243,644			338,072
Gross Profit		45,951			(73,414	)		(27,463	)
Operation Expenses:
Selling		8,436			6,634			15,070
Compensation - officers		34,000			–			34,000
Research and development		70,396			–			70,396
Professional fees		432,358			1,181			433,539
General and administrative		270,024			119,789			389,813
Total Operating Expenses		815,214			127,604			942,818
Loss from Operations		(769,263	)		(201,018	)		(970,281	)
Other Income (Expense)
Interest income (expense), net		337			938			1,275
Interest (expense) – related party		(81	)		–			(81	)
Other income		37,792			8,989			46,781
Total other income (expense)		38,048			9,927			47,975
Loss before income taxes		(731,215	)		(191,091	)		(922,306	)
Tax expense		–			–			–
Net Loss	$	(731,215	)	$	(191,091	)	$	(922,306	)