10-Q/A Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001144204-12-013474`
Period End Date	20110630
Filing Date	20120307
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	ivda-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 52 Cash Flow Statement 60

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.67K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.34K	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$181.71K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$594.76K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$943.02K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$361.69K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Note Receivable	`NotesReceivableNet`	$19.16K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, shares reserved for issuance	`CommonStockIssuableSharesIssuable`	2.00M	shares	Point-in-time
Advances to Suppliers	`AdvancesToSuppliersCurrent`	$19.94K	USD	Point-in-time
Common Stock, shares reserved for issuance	`CommonStockIssuableSharesIssuable`	2.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	13.66M	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$251.80K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	18.62M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	13.66M	shares	Point-in-time
Advances to Employees	`DueFromEmployeesCurrent`	$29.34K	USD	Point-in-time
Inventory	`InventoryNet`	$133.32K	USD	Point-in-time
Inventory	`InventoryNet`	$4.65K	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.27K	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$726.21K	USD	Point-in-time
Office Equipment	`PropertyPlantAndEquipmentOther`	$212.04K	USD	Point-in-time
Office Equipment	`PropertyPlantAndEquipmentOther`	$226.11K	USD	Point-in-time
Furniture and Fixtures	`FurnitureAndFixturesGross`	$28.79K	USD	Point-in-time
Furniture and Fixtures	`FurnitureAndFixturesGross`	$27.80K	USD	Point-in-time
Software	`CapitalizedComputerSoftwareGross`	$53.51K	USD	Point-in-time
Software	`CapitalizedComputerSoftwareGross`	$47.97K	USD	Point-in-time
Leased Equipment	`CapitalLeasedAssetsGross`	$252.15K	USD	Point-in-time
Leased Equipment	`CapitalLeasedAssetsGross`	$247.79K	USD	Point-in-time
Leasehold Improvements	`LeaseholdImprovementsGross`	$43.97K	USD	Point-in-time
Leasehold Improvements	`LeaseholdImprovementsGross`	$36.96K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentGross`	$604.52K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentGross`	$572.57K	USD	Point-in-time
Less: Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$311.60K	USD	Point-in-time
Less: Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$262.49K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$310.08K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$292.92K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$9.01K	USD	Point-in-time
Deposits	`DepositsAssetsNoncurrent`	$10.21K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$13.85K	USD	Point-in-time
Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$322.33K	USD	Point-in-time
Goodwill	`Goodwill`	$1.80M	USD	Point-in-time
Total Assets	`Assets`	$1.05M	USD	Point-in-time
Total Assets	`Assets`	$4.48M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$294.61K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$180.35K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$77.58K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$62.87K	USD	Point-in-time
Current Portion of Capital Lease Obligations	`CapitalLeaseObligationsCurrent`	$32.73K	USD	Point-in-time
Current Portion of Capital Lease Obligations	`CapitalLeaseObligationsCurrent`	$48.40K	USD	Point-in-time
Due to Related Parties	`DueToRelatedPartiesCurrent`	$197.00K	USD	Point-in-time
Bank Loans -Short Term	`ShortTermBankLoansAndNotesPayable`	$195.48K	USD	Point-in-time
Income Tax Payable	`AccruedIncomeTaxesCurrent`	$5.90K	USD	Point-in-time
Notes Payable	`NotesPayableCurrent`	$26.39K	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesCurrent`	$50.02K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$54.35K	USD	Point-in-time
Deferred Revenue	`DeferredRevenueCurrent`	$11.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$514.94K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$722.35K	USD	Point-in-time
Capital Lease Obligations, Net of Current Portion	`CapitalLeaseObligationsNoncurrent`	$2.81K	USD	Point-in-time
Capital Lease Obligations, Net of Current Portion	`CapitalLeaseObligationsNoncurrent`	$13.61K	USD	Point-in-time
Total Liabilities	`Liabilities`	$528.55K	USD	Point-in-time
Total Liabilities	`Liabilities`	$725.17K	USD	Point-in-time
Preferred Stock, $0.00001 par value; 100,000,000 shares authorized; no shares outstanding as of June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.00001 par value; 100,000,000 shares authorized; no shares outstanding as of June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.00001 par value; 100,000,000 shares authorized; 18,619,229 (includes 2,000,000 shares reserved for issuance) and 13,664,257 shares issued and outstanding, as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$186.00	USD	Point-in-time
Common Stock, $0.00001 par value; 100,000,000 shares authorized; 18,619,229 (includes 2,000,000 shares reserved for issuance) and 13,664,257 shares issued and outstanding, as of June 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$137.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$7.21M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$12.07M	USD	Point-in-time
Accumulated Comprehensive Income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.97K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.31M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.75M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$517.95K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.05M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	$575.17K	USD	1 Quarter
REVENUE	`Revenues`	$193.50K	USD	1 Quarter
REVENUE	`Revenues`	$859.07K	USD	2 Qtrs
REVENUE	`Revenues`	$306.18K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$122.58K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$466.16K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$638.66K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$221.61K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$220.41K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$109.01K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$70.92K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$84.58K	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$1.82M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$1.03M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$1.29M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$480.09K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-409.17K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.18M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.60M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-940.85K	USD	2 Qtrs
Miscellaneous Income (Expense)	`OtherNonoperatingIncomeExpense`	$647.00	USD	1 Quarter
Miscellaneous Income (Expense)	`OtherNonoperatingIncomeExpense`	$647.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$486.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$631.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$225.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$277.00	USD	1 Quarter
Interest Expense	`InterestExpense`	$4.65K	USD	1 Quarter
Interest Expense	`InterestExpense`	$5.74K	USD	1 Quarter
Interest Expense	`InterestExpense`	$11.24K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$20.31K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-4.87K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-10.61K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-19.17K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-4.38K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-951.46K	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-413.55K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.62M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.18M	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-4.89K	USD	2 Qtrs
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-4.89K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-951.46K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.18M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-413.55K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.62M	USD	2 Qtrs
Foreign Currency Translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.97K	USD	1 Quarter
Foreign Currency Translation	`ForeignCurrencyTransactionGainLossBeforeTax`	$-8.97K	USD	2 Qtrs
NET COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.19M	USD	1 Quarter
NET COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.63M	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-951.46K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.18M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-413.55K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.62M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$58.65K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$40.36K	USD	2 Qtrs
Stock Compensation	`ShareBasedCompensation`	$665.70K	USD	2 Qtrs
Stock Compensation	`ShareBasedCompensation`	$94.70K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.50K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$45.44K	USD	2 Qtrs
Notes Receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$5.86K	USD	2 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$669.00	USD	2 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$12.17K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.81K	USD	2 Qtrs
Advance to Suppliers	`IncreaseDecreaseInAdvancePayments`	$2.66K	USD	2 Qtrs
Advance to Employees	`IncreaseDecreaseInDueFromEmployeeCurrent`	$10.04K	USD	2 Qtrs
Deposit	`IncreaseDecreaseInCustomerDeposits`	$6.10K	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$9.70K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-140.35K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-10.91K	USD	2 Qtrs
Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$-44.79K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-81.16K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-186.76K	USD	2 Qtrs
Tax Payable	`IncreaseDecreaseInTaxesPayable`	$-223.66K	USD	2 Qtrs
Other Payable	`IncreaseDecreaseInOtherAccountsPayable`	$9.34K	USD	2 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$15.68K	USD	2 Qtrs
Deferred Revenue	`IncreaseDecreaseInDeferredRevenue`	$-3.54K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.27M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	2 Qtrs
Cash Acquired in Acquisition	`CashAcquiredFromAcquisition`	$740.56K	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.67K	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.96K	USD	2 Qtrs
Net cash provided used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.67K	USD	2 Qtrs
Net cash provided used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$731.60K	USD	2 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-134.00K	USD	2 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-70.37K	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$30.82K	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$38.21K	USD	2 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$891.75K	USD	2 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$1.54M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.36M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$790.56K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.81K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$239.42K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$164.04K	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.67K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$355.34K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$181.71K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$594.76K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.67K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$355.34K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$181.71K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$594.76K	USD	Point-in-time
Taxes Paid	`IncomeTaxesPaid`	$224.70K	USD	2 Qtrs
Debt Converted to Stock	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	2 Qtrs
Interest Paid	`InterestPaid`	$20.35K	USD	2 Qtrs
Interest Paid	`InterestPaid`	$11.24K	USD	2 Qtrs
Property and Equipment Purchased via Capital Lease	`CapitalLeaseObligationsIncurred`	$4.35K	USD	2 Qtrs
Property and Equipment Purchased via Capital Lease	`CapitalLeaseObligationsIncurred`	$5.30K	USD	2 Qtrs
Issuance of Common Stock for Acquisition	`StockIssued1`	$3.30M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.