Focus Universal Inc. closed 15.48% higher at $6.49 on August 17, after the company filed its second-quarter 10-Q with the Securities and Exchange Commission. Dollar volume was $583,656 across 1,363 trades.
The most significant development in the filing was a property acquisition completed in January 2026. The company recorded a bank loan of $11,050,000 tied to the building purchase, which lifted net property and equipment from $66,705 at December 31, 2025 to $17,575,589 at June 30, 2026. The acquisition was made through Lusher Holding LLC, a wholly owned subsidiary the company founded on February 2, 2026, to provide commercial real estate property management services.
That purchase produced the quarter's most notable revenue line. Rental revenue of $651,950 appeared for the first time in the second quarter of 2026; there was no comparable figure in the second quarter of 2025. Total revenue for the three months ended June 30, 2026 came in at $675,170, against $35,330 in the same period of 2025. For the six months ended June 30, 2026, total revenue was $723,143, compared with $225,585 a year earlier.
Despite the revenue increase, the company remained unprofitable. Net loss for the second quarter was $1,518,958, roughly in line with the $1,505,648 loss recorded in the second quarter of 2025. For the first six months, the net loss was $2,765,036 against $2,757,026 a year earlier. The accumulated deficit stood at $34,015,113 as of June 30, 2026.
Cash fell sharply during the period. The cash balance was $1,600,258 at June 30, 2026, down from $7,934,958 at December 31, 2025. Net cash used in operating activities was $1,889,277 for the six months, while investing activities consumed an additional $6,632,052, the bulk of which went to property purchases.
The share count has risen materially. Common shares outstanding grew to 702,745 from 228,774 at December 31, 2025. The increase came from conversion of all outstanding Series B convertible redeemable preferred stock into common shares, issuance of pre-funded warrant units that raised $3,547,348 in cash, and shares issued under employment and award agreements. The company also repurchased $354,143 of its own stock during the period.
The free float is 1,247,456 shares, equal to 60.3% of shares outstanding. Short volume on the session was 33,608 shares, representing 79.12% of reported volume.
The company also disclosed that on May 18, 2026, it entered a cross-border e-commerce cooperation agreement through Lusher LLC, in which Focus Universal holds a 51% interest and Avantgarde Service Inc. holds the remaining 49%. No transactions involving Lusher LLC were recorded through June 30, 2026.