FOCUS UNIVERSAL INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|
| Revenue | $898.1K | $1.1M | $20.2K | $15.9K |
| Cost of Revenue | $726.3K | $866.6K | $10.7K | $5.0K |
| Gross Profit | $171.8K | $255.4K | $9.5K | $10.9K |
| Gross Margin | 19.1% | 22.8% | 46.9% | 68.6% |
| Operating Expenses | ||||
| Research & Development | $208.2K | $201.9K | — | — |
| SG&A Expense | $256.2K | $256.2K | $40.5K | — |
| Operating Income | $-520.5K | $-467.0K | $-84.3K | $-20.5K |
| Operating Margin | -58.0% | -41.6% | -418.6% | -129.0% |
| Interest Expense | $81.3K | $203 | $0 | — |
| Pretax Income | $-626.4K | $-466.9K | $-84.3K | — |
| Income Tax Expense | $694 | $495 | $0 | $0 |
| Net Income | $-626.4K | $-467.4K | $-84.3K | $-20.5K |
| Net Margin | -69.7% | -41.7% | -418.6% | -129.0% |
| EPS (Basic) | $-0.02 | $-0.01 | $0.00 | $0.00 |
| EPS (Diluted) | $-0.02 | $-0.01 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 34.6M | 34.6M | 6.5M | 6.0M |
| Shares Outstanding (Diluted) | 34.6M | 34.6M | 6.5M | 6.0M |
| Dividends Per Share | — | — | — | — |