Focus Universal Inc. reported a net loss of $4,787,769 for the year ended December 31, 2025, a significant increase from $3,200,138 in 2024. Revenue decreased by $143,114 to $255,023 in 2025 from $398,137 in 2024, primarily due to lower sales. The company continues to operate with an accumulated deficit of $31,023,411 as of December 31, 2025, and negative cash flow from operating activities of $5,102,771. Substantial doubt exists about the company's ability to continue as a going concern. The company is developing universal smart technology for smart meters and automation systems, including the Ubiquitor device, and an AI-enabled financial reporting software called One Touch Financial. Research and development expenses decreased to $919,965 in 2025 from $1,381,937 in 2024, partly due to software costs being capitalized. The company faces redemption demands for 6,447 shares of Series B Preferred Stock totaling $5,479,950 as of March 16, 2026, and is in negotiations with holders. An agreement was made on January 21, 2026, to acquire a 100,743 sq. ft. office and commercial building for $17,700,000, with closing extended to April 10, 2026, pending financing. The company effected a 1-for-10 reverse stock split on February 9, 2026, and another on January 31, 2025.