$FCUV

FOCUS UNIVERSAL INC.

CIK:0001590418|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue
Total Revenue	$ 675,170	$ 35,330	$ 723,143	$ 225,585
Cost and Operating Expenses
Property operating expenses	259,663	0	259,663	0
Cost of other revenue	17,227	47,742	49,956	207,453
Depreciation and amortization	201,024	5,506	207,746	10,959
Selling expense	691	7,420	33,539	56,400
Compensation - officers and directors	117,638	125,357	235,189	250,744
Research and development	362,165	467,297	626,962	839,555
Professional fees	751,144	429,155	1,136,349	902,146
General and administrative	515,193	495,613	995,025	772,615
Total Cost and Operating Expenses	2,224,745	1,578,090	3,544,429	3,039,872
Loss from Operations	(1,549,575)	(1,542,760)	(2,821,286)	(2,814,287)
Other Income (Expense):
Interest income (expense), net	(86,002)	12,130	(45,912)	34,018
Unrealized gain on marketable equity securities	14,013	17,745	0	14,753
Realized gain on marketable equity securities	98,936	0	98,936	0
Other income, net	3,670	7,237	3,226	8,490
Total other income	30,617	37,112	56,250	57,261
Net Loss	(1,518,958)	(1,505,648)	(2,765,036)	(2,757,026)
Accretion of redeemable preferred stock	0	0	(226,666)	0
Net loss to common stockholders’	(1,518,958)	(1,505,648)	(2,991,702)	(2,757,026)
Other comprehensive items
Foreign currency translation loss	6,133	(4,065)	11,159	(10,433)
Total comprehensive loss	$ (1,512,825)	$ (1,509,713)	$ (2,980,543)	$ (2,767,459)
Basic net income loss per share:
Basic net loss per share	$ (2.69)	$ (7.99)	$ (7.31)	$ (15.34)
Weighted average number of common shares outstanding, Basic	564,651	188,405	409,315	179,775
Weighted average number of common shares outstanding, Diluted	564,651	188,405	409,315	179,775
Rental Revenue [Member]
Revenue
Total Revenue	$ 651,950	$ 0	$ 651,950	$ 0
Other Revenue [Member]
Revenue
Total Revenue	$ 23,220	$ 35,330	$ 71,193	$ 225,585

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net Loss	$ (2,765,036)	$ (2,757,026)
Adjustments to reconcile net loss to net cash from operating activities:
Inventory reserve	0	1,644
Depreciation expense	198,588	10,959
Amortization expense	9,158	0
Unrealized gain on marketable equity securities	0	(14,753)
Realized gain on marketable equity securities	(98,936)	0
Stock-based compensation – shares	199,022	189,861
Stock based compensation – options	4,504	20,568
Changes in operating assets and liabilities:
Accounts receivable	(61,518)	5,434
Inventories	14,863	(13,943)
Other receivable	20,000	(88,201)
Prepaid expenses	251,799	4,186
Deposit	8,688	2,593
Operating lease right-of-use asset	40,435	47,360
Accounts payable and accrued liabilities	59,082	91,354
Other current liabilities	297,675	(64,638)
Lease liabilities	(67,601)	(83,686)
Net cash flows used in operating activities	(1,889,277)	(2,648,288)
Cash flows from investing activities:
Purchase of property and equipment	(6,656,031)	(25,091)
Capitalized software costs	(97,844)	0
Proceeds from sale of marketable securities	121,823	0
Net cash flows used in investing activities	(6,632,052)	(25,091)
Cash flows from financing activities:
Redemption of preferred stock	(961,861)	0
Repayment on bank loan	(51,294)	0
Shares issued for pre-funded units	3,547,348	0
Stock issued for private placement	0	381,224
Purchases of treasury stock	(354,143)	(173,837)
Net cash flows provided by financing activities	2,180,050	207,387
Effect of exchange rate	6,579	(12,125)
Net change in cash	(6,334,700)	(2,478,117)
Cash beginning of period	7,934,958	3,589,318
Cash end of period	1,600,258	1,111,201
Supplemental cash flow disclosure:
Cash paid for income taxes	0	3,525
Cash paid for interest	86,103	0
Supplemental disclosure of non-cash investing and financing activities:
Accretion of redeemable series B preferred stock discount	226,666	0
Conversion of series B preferred stock to common stock	5,127,200	0
Gain on cancellation of preferred stock	83,890	0
Right-of-use assets obtained in exchange for operating lease liabilities	175,271	0
Issuance to bank loan on building acquisition	$ 11,050,000	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Current Assets:
Cash	$ 1,600,258	$ 7,934,958
Accounts receivable, net	68,643	7,125
Inventories, net	84,950	99,813
Other receivables	0	20,000
Prepaid expenses	243,482	492,953
Marketable securities	0	22,887
Deposit – current portion	46,655	69,393
Total Current Assets	2,043,988	8,647,129
Property and equipment, net	17,575,589	66,705
Operating lease right-of-use asset	149,172	12,501
Capitalized software costs	247,865	159,179
Deposits	14,446	0
Total Assets	20,031,060	8,885,514
Current Liabilities:
Accounts payable and accrued liabilities	417,089	358,007
Other current liabilities	234,191	0
Loan, current portion	129,290	0
Lease liability, current portion	55,853	8,464
Total Current Liabilities	836,423	366,471
Non-Current Liabilities:
Loan, less current portion	10,869,416	0
Other liability	63,484	0
Lease liability, less current portion	61,701	0
Total Liabilities	11,831,024	366,471
Redeemable Preferred Stock:
Contingencies
Stockholders’ Equity:
Common stock, par value $0.001 per share, 1,000,000,000 shares authorized; 702,745 and 228,774 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	703	229
Treasury stock (54,494 and 4,271 shares held at June 30, 2026 and December 31, 2025, respectively)	(848,533)	(494,390)
Additional paid-in capital	43,071,198	34,038,844
Shares to be issued, common shares (1,534 and 1,449 shares at June 30, 2026 and December 31, 2025, respectively)	12,019	82,884
Accumulated deficit	(34,015,113)	(31,023,411)
Accumulated other comprehensive loss	(20,238)	(31,397)
Total Stockholders’ Equity	8,200,036	2,572,759
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity	20,031,060	8,885,514
Series B Convertible Redeemable Preferred Stock [Member]
Redeemable Preferred Stock:
Preferred stock value	$ 0	$ 5,946,284