Focus Universal Inc.
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & Equivalents | $394.4K | $340.1K | $832.0K | $136 | $0 |
| Accounts Receivable | $26.3K | $25.6K | $106.9K | — | — |
| Inventory | $47.4K | $68.5K | $51.6K | — | — |
| Total Current Assets | $477.0K | $452.4K | $1.0M | $7.7K | $0 |
| Property, Plant & Equipment | $6.3K | $8.5K | $1.4K | — | — |
| Goodwill | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — |
| Total Assets | $490.5K | $485.7K | $1.0M | $7.7K | $0 |
| Liabilities | |||||
| Accounts Payable | $449.3K | $368.5K | $275.9K | $17.2K | $2.0K |
| Total Current Liabilities | $481.8K | $431.4K | $499.7K | $23.6K | $2.3K |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $563.1K | $431.9K | $500.6K | $23.6K | $2.3K |
| Stockholders' Equity | |||||
| Retained Earnings | $-2.0M | $-1.4M | $-216.8K | $-22.9K | — |
| Total Stockholders' Equity | $-72.6K | $53.8K | $531.0K | $-15.9K | $-2.3K |