Segment reporting

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment reporting

Note 12 – Segment reporting

The Company consists of three types of operations. Focus Universal, Inc. (“Corporate”) involves operations related to research and development of technology products, non-specific financing, executive expense, operations and investor relations of the public entity, and general shared management and costs across subsidiary units which spread across all functional categories. Perfecular Inc. (“Perfecular”) involve wholesale, marketing, and production of universal smart instrument and devices in the hydroponic and controlled agricultural segments. AVX Design & Integration, Inc. (“AVX”) is an IoT installation and management company specializing 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, 2022
	Corporate			Perfecular			AVX			Total
Revenue	$	–		$	40,500		$	85,125		$	125,625
Revenue - related party		–			31,542			–			31,542
Total revenue		–			72,042			85,125			157,167
Cost and Operating Expenses
Cost of Revenue, excluding depreciation & amortization		–			58,977			84,114			143,091
Selling expense		–			34,001			4,338			38,339
Compensation - officers and directors		76,040			–			–			76,040
Research and development		561,744			–			–			561,744
Professional fees		349,912			–			10,954			360,866
General and administrative		261,189			583,964			55,795			900,948
Total Cost and Operating Expenses		1,248,885			676,942			155,201			2,081,028
Loss from Operations		(1,248,885	)		(604,900	)		(70,076	)		(1,923,861	)
Other Income (Expense):
Interest income (expense), net		282			(288	)		–			(6	)
Other income (expense), net		57,401			–			(2,464	)		54,937
Total other income (expense)		57,683			(288	)		(2,464	)		54,931
Loss before income taxes		(1,191,202	)		(605,188	)		(72,540	)		(1,868,930	)
Tax expense		–			–			–			–
Net Loss	$	(1,191,202	)	$	(605,188	)	$	(72,540	)	$	(1,868,930	)