secwatch.observer — SEC 8-K summary
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Issuer:     FOCUS UNIVERSAL INC. (FCUV)
CIK:        0001590418
Form:       8-K
Filed at:   2024-01-11T23:59:59+00:00
Accession:  0001683168-24-000184
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Focus Universal enters $300K loan at 3% as first tranche of $5M credit facility
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- Board authorized up to $5M revolving credit facility on Jan 2, 2024; first $300,000 tranche funded Jan 9.
- Loan carries 3% annual compound interest, matures Feb 4, 2024.
- Repayment in 12 equal installments of $25,408.11 starting on maturity date.
- Lender is a private entity; terms do not include publicly traded counterparty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824000184/0001683168-24-000184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824000184/focus_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-000184

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer