The device is a Banana Pi M3, I accidentally short it out when I was playing around with my multimeter on the GPIO pins.... A noticeable spark came from that component in the above picture circled in red. Hopefully, only that component got burnt and nothing else, so I can replace it.
At first I thought it was a resistor or a capacitor, but I was wrong, I think. I'm guessing it's an SMD ferrite bead judging from the manufacturer's schematics. Schematics. I think it's the third page labelled PMIC where it shows an USB connector along with a DC in symbol.
Problem is, the values aren't labelled in the schematics, so I won't know what ferrite bead to order, the only thing I can tell from looking at it is that it's a 0603.
I have this multimeter: "INNOVA 3320 Auto-Ranging Digital Multimeter," from Amazon (Sorry, I can't post more than 2 links), if that helps. I don't mind buying new equipment, this is a learning experience type thing for me. Thanks.
Edit: Just a little detail as to how this happened. When I was playing with my multimeter, I put the negative probe to GPIO pin 2 and the positive probe to GPIO pin 6, I accidentally moved the positive probe around making it touch either pin 5 or pin 8 or both while still touching pin 6. The GPIO layout is the same as Raspberry Pi Model B+, or at least that's what the makers said.