10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-062405`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	ivda-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 64 Cash Flow Statement 57 Comprehensive Income 12

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$850.36K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.34K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$745.69K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$466.97K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.34M	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$718.95K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$942.88K	USD	Point-in-time
Inventory	`InventoryNet`	$80.03K	USD	Point-in-time
Inventory	`InventoryNet`	$107.58K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$507.80K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$535.63K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.41M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$308.25K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$611.11K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$375.52K	USD	Point-in-time
Intangible Assets, Net	`OtherIntangibleAssetsNet`	$171.67K	USD	Point-in-time
Intangible Assets, Net	`OtherIntangibleAssetsNet`	$186.67K	USD	Point-in-time
Goodwill	`Goodwill`	$841.00K	USD	Point-in-time
Goodwill	`Goodwill`	$841.00K	USD	Point-in-time
Other Assets	`OtherAssets`	$118.82K	USD	Point-in-time
Other Assets	`OtherAssets`	$69.28K	USD	Point-in-time
Total Other Assets	`PrepaidExpenseAndOtherAssets`	$1.13M	USD	Point-in-time
Total Other Assets	`PrepaidExpenseAndOtherAssets`	$1.10M	USD	Point-in-time
Total Assets	`Assets`	$4.48M	USD	Point-in-time
Total Assets	`Assets`	$3.88M	USD	Point-in-time
Total Assets	`Assets`	$3.82M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$930.42K	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$1.11M	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$232.41K	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$76.42K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$654.98K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$248.32K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.43M	USD	Point-in-time
CAPITAL LEASE OBLIGATIONS, NET OF CURRENT PORTION	`CapitalLeaseObligationsNoncurrent`	$10.46K	USD	Point-in-time
CAPITAL LEASE OBLIGATIONS, NET OF CURRENT PORTION	`CapitalLeaseObligationsNoncurrent`	$3.54K	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$180.00	USD	Point-in-time
Common Stock	`CommonStockValue`	$201.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$15.66M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$13.64M	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-45.91K	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.42K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-13.64M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-11.16M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.88M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.82M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Equipment Sales	`EquipmentSales`	$1.31M	USD	3 Qtrs
Equipment Sales	`EquipmentSales`	$212.53K	USD	1 Quarter
Equipment Sales	`EquipmentSales`	$913.65K	USD	3 Qtrs
Equipment Sales	`EquipmentSales`	$318.94K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$162.97K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$518.89K	USD	3 Qtrs
Service Revenue	`SalesRevenueServicesNet`	$269.33K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$811.59K	USD	3 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$5.67K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$1.04K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$16.49K	USD	3 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$31.41K	USD	3 Qtrs
TOTAL REVENUE	`Revenues`	$2.15M	USD	3 Qtrs
TOTAL REVENUE	`Revenues`	$381.17K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$1.45M	USD	3 Qtrs
TOTAL REVENUE	`Revenues`	$589.31K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.11M	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$472.21K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.73M	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$322.82K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$423.49K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$117.10K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$338.15K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$58.35K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$2.61M	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$778.29K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$867.96K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$2.85M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-661.19K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.27M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.43M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-809.61K	USD	1 Quarter
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	$-87.00	USD	1 Quarter
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	$-87.00	USD	3 Qtrs
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	-	USD	3 Qtrs
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$6.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$545.00	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$40.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$525.00	USD	3 Qtrs
Interest Expense	`InterestExpense`	$46.74K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$21.81K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$1.50K	USD	1 Quarter
Interest Expense	`InterestExpense`	$24.41K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-46.28K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-21.28K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-24.50K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.46K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-834.10K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.48M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.30M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-662.65K	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	$-4.89K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.29M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-662.65K	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-2.29M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-662.65K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$72.41K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$96.63K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$181.46K	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$96.57K	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$459.00K	USD	3 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$110.56K	USD	3 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$245.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.86K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$245.31K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-24.50K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-24.69K	USD	3 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-243.04K	USD	3 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-22.70K	USD	3 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-113.20K	USD	3 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-307.63K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	3 Qtrs
Cash Acquired in Acquisition	`CashAcquiredFromAcquisition`	$740.56K	USD	3 Qtrs
Cash Acquired in Acquisition	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$387.06K	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.87K	USD	3 Qtrs
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$688.69K	USD	3 Qtrs
Net cash provided by (used) in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-387.06K	USD	3 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	-	USD	3 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$46.90K	USD	3 Qtrs
Proceeds From Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds From Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	$431.66K	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$352.89K	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$176.41K	USD	3 Qtrs
Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$21.67K	USD	3 Qtrs
Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$-35.84K	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.56K	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$45.00K	USD	3 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$1.24M	USD	3 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$1.80M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.39M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$16.73K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-69.69K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.62K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.68K	USD	3 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$850.36K	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`	$745.69K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$466.97K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$355.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$850.36K	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`	$745.69K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$466.97K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$355.34M	USD	Point-in-time
Interest Paid	`InterestPaid`	$21.81K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$46.74K	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-2.29M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-662.65K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$14.66K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$21.49K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-51.54K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-46.26K	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.34M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-714.19K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-819.44K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.46M	USD	3 Qtrs

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