Focus Universal Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $7.9M | $3.6M | $428.3K | $4.3M | $8.7M | $583.3K | — | — |
| Accounts Receivable | $7.1K | $5.6K | $13.5K | $78.3K | $177.3K | $190.6K | $137.3K | $10.9K |
| Inventory | $99.8K | $126.1K | $282.1K | $103.8K | $22.9K | $42.5K | $62.9K | $69.8K |
| Total Current Assets | $8.6M | $3.8M | $1.0M | $4.8M | $9.2M | $1.0M | $2.4M | $4.7M |
| Property, Plant & Equipment | $66.7K | $60.5K | $4.1M | $4.2M | $4.4M | $4.5M | $4.7M | $4.6M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | $48.0K | $0 |
| Total Assets | $8.9M | $4.1M | $5.3M | $9.3M | $14.0M | $5.6M | $7.2M | $9.3M |
| Liabilities | ||||||||
| Accounts Payable | $358.0K | $702.1K | $435.0K | $267.7K | $293.4K | $198.9K | $192.5K | $163.7K |
| Total Current Liabilities | $366.5K | $877.0K | $1.7M | $1.4M | $571.4K | $527.6K | $433.0K | $212.0K |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $366.5K | $885.1K | $1.8M | $1.6M | $899.8K | $788.7K | $540.0K | $212.0K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-31.0M | $-25.8M | $-22.6M | $-17.9M | $-12.9M | $-9.7M | $-7.2M | $-4.0M |
| Total Stockholders' Equity | $2.6M | $3.2M | $3.5M | $7.8M | $13.1M | $4.8M | $6.7M | $9.1M |