15. Segment reporting

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment reporting

Note 15 – 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.

	Six months ended June 30, 2020
	Focus			AVX			Total
Revenue	$	322,913		$	400,977		$	723,890
Revenue - related party		21,267			–			21,267
Total revenue		344,180			400,977			745,157
Cost of Revenue		239,381			411,848			651,229
Gross Profit		104,799			(10,871	)		93,928
Operation Expenses:
Selling		8,436			8,583			17,019
Compensation - officers		68,000			–			68,000
Research and development		132,193			–			132,193
Professional fees		823,378			4,192			827,570
General and administrative		495,773			183,557			679,330
Total Operating Expenses		1,527,780			196,332			1,724,112
Loss from Operations		(1,422,981	)		(207,203	)		(1,630,184	)
Other Income (Expense)
Interest income (expense), net		57			(22	)		35
Interest (expense) – related party		(81	)		–			(81	)
Other income		74,521			5,736			80,257
Total other income (expense)		74,497			5,714			80,211
Loss before income taxes		(1,348,484	)		(201,489	)		(1,549,973	)
Tax expense		–			–			–
Net Loss	$	(1,348,484	)	$	(201,489	)	$	(1,549,973	)