Segment reporting

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment reporting

Note 12 – Segment reporting

The Company consists of two 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. 

	Six Months Ended June 30, 2022
	Corporate			Perfecular			AVX			Total
Revenue	$	–		$	47,650		$	140,339		$	187,989
Revenue - related party		–			31,542			2,278			33,820
Total revenue		–			79,192			142,617			221,809
Cost and Operating Expenses
Cost of Revenue, excluding depreciation & amortization		–			60,702			139,861			200,563
Selling expense		–			48,085			7,802			55,887
Compensation - officers and directors		110,040			–			–			110,040
Research and development		729,105			–			–			729,105
Professional fees		522,546			–			12,661			535,207
General and administrative		446,576			1,141,522			132,118			1,720,216
Total Cost and Operating Expenses		1,808,267			1,250,309			292,442			3,351,018
Loss from Operations		(1,808,267	)		(1,171,117	)		(149,825	)		(3,129,209	)
Other Income (Expense):
Interest income (expense), net		490			(288	)		48			250
Unrealized loss on marketable equity securities		(74,626	)		–			–			(74,626	)
Realized gain on marketable equity securities		10,281			–			–			10,281
Other income (expense), net		105,560			160,117			(3,600	)		263,077
Total other income (expense)		42,705			159,829			(3,552	)		198,982
Loss before income taxes		(1,765,562	)		(1,011,288	)		(153,377	)		(2,930,227	)
Tax expense		–			–			–			–
Net Loss	$	(1,765,562	)	$	(1,011,288	)	$	(153,377	)	$	(2,930,227	)