secwatch.observer — SEC 8-K summary
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Issuer:     FOCUS UNIVERSAL INC. (FCUV)
CIK:        0001590418
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001683168-24-004922
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Focus Universal sells Ontario warehouse for $7.46M, leases back for one year at $16,804/mo
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- Sold warehouse at 2311 E Locust St, Ontario, CA for $7,460,250; $2,611,087.50 cash paid, $4,849,162.50 pending financing approval.
- Leased back property for one year (July 2024–July 2025) at $16,804/month from Veena Asset Management LLC.
- Total due upon lease execution: $58,812 (first month rent, operating expenses estimate, and $39,208 security deposit).
- Buyer deposited $100,000 into escrow; closing 30 days after satisfaction of contingencies including financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824004922/0001683168-24-004922-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590418/000168316824004922/focus_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-004922

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