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10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001144204-13-029887
Period End Date 20130331
Filing Date 20130516
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance ivda-20130331.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $850.36K USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $1.71M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $581.08K USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $114.46K USD Point-in-time
Restricted Cash RestrictedCashAndCashEquivalentsAtCarryingValue $447.21K USD Point-in-time
Restricted Cash RestrictedCashAndCashEquivalentsAtCarryingValue $1.10M USD Point-in-time
Accounts Receivable, net AccountsReceivableNetCurrent $1.96M USD Point-in-time
Accounts Receivable, net AccountsReceivableNetCurrent $685.66K USD Point-in-time
Inventory InventoryNet $123.02K USD Point-in-time
Inventory InventoryNet $161.31K USD Point-in-time
Other Current Assets OtherAssetsCurrent $416.79K USD Point-in-time
Other Current Assets OtherAssetsCurrent $645.73K USD Point-in-time
Total Current Assets AssetsCurrent $3.29M USD Point-in-time
Total Current Assets AssetsCurrent $4.07M USD Point-in-time
PROPERTY AND EQUIPMENT, Net PropertyPlantAndEquipmentNet $540.95K USD Point-in-time
PROPERTY AND EQUIPMENT, Net PropertyPlantAndEquipmentNet $516.98K USD Point-in-time
PROPERTY AND EQUIPMENT, Net PropertyPlantAndEquipmentNet $480.97K USD Point-in-time
Intangible Assets, Net OtherIntangibleAssetsNet $166.67K USD Point-in-time
Intangible Assets, Net OtherIntangibleAssetsNet $161.67K USD Point-in-time
Goodwill Goodwill $841.00K USD Point-in-time
Goodwill Goodwill $841.00K USD Point-in-time
Other Assets OtherAssets $105.43K USD Point-in-time
Other Assets OtherAssets $105.62K USD Point-in-time
Total Other Assets PrepaidExpenseAndOtherAssets $1.11M USD Point-in-time
Total Other Assets PrepaidExpenseAndOtherAssets $1.11M USD Point-in-time
Total Assets Assets $3.79M USD Point-in-time
Total Assets Assets $4.92M USD Point-in-time
Total Assets Assets $5.66M USD Point-in-time
Accounts and Other Payables AccountsPayableCurrent $2.46M USD Point-in-time
Accounts and Other Payables AccountsPayableCurrent $1.97M USD Point-in-time
Due to Related Parties, net of debt discount DueToRelatedPartiesCurrent $340.80K USD Point-in-time
Due to Related Parties, net of debt discount DueToRelatedPartiesCurrent $336.61K USD Point-in-time
Short Term Debt ShortTermBorrowings $453.81K USD Point-in-time
Short Term Debt ShortTermBorrowings $802.12K USD Point-in-time
Current Portion of Long-Term Debt OtherLongTermDebtCurrent $74.61K USD Point-in-time
Current Portion of Long-Term Debt OtherLongTermDebtCurrent $75.71K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $2.84M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $3.67M USD Point-in-time
LONG TERM DEBT LongTermDebt $49.24K USD Point-in-time
LONG TERM DEBT LongTermDebt $67.69K USD Point-in-time
Preferred Stock PreferredStockValue - USD Point-in-time
Preferred Stock PreferredStockValue - USD Point-in-time
Common Stock CommonStockValue $235.00 USD Point-in-time
Common Stock CommonStockValue $204.00 USD Point-in-time
Additional Paid-In Capital AdditionalPaidInCapitalCommonStock $19.05M USD Point-in-time
Additional Paid-In Capital AdditionalPaidInCapitalCommonStock $16.20M USD Point-in-time
Accumulated Comprehensive Income (Loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-25.13K USD Point-in-time
Accumulated Comprehensive Income (Loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-23.63K USD Point-in-time
Accumulated Deficit RetainedEarningsAccumulatedDeficit $-15.00M USD Point-in-time
Accumulated Deficit RetainedEarningsAccumulatedDeficit $-16.26M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $1.18M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $2.77M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $4.92M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $5.66M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Equipment Sales EquipmentSales $500.87K USD 1 Quarter
Equipment Sales EquipmentSales $435.83K USD 1 Quarter
Service Revenue SalesRevenueServicesNet $194.37K USD 1 Quarter
Service Revenue SalesRevenueServicesNet $169.01K USD 1 Quarter
Other Revenue OtherSalesRevenueNet $10.38K USD 1 Quarter
Other Revenue OtherSalesRevenueNet $15.59K USD 1 Quarter
TOTAL REVENUE Revenues $710.83K USD 1 Quarter
TOTAL REVENUE Revenues $615.22K USD 1 Quarter
COST OF REVENUE CostOfRevenue $564.95K USD 1 Quarter
COST OF REVENUE CostOfRevenue $535.11K USD 1 Quarter
GROSS PROFIT GrossProfit $50.27K USD 1 Quarter
GROSS PROFIT GrossProfit $175.72K USD 1 Quarter
OPERATING EXPENSES OperatingExpenses $960.43K USD 1 Quarter
OPERATING EXPENSES OperatingExpenses $1.27M USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-1.22M USD 1 Quarter
LOSS FROM OPERATIONS OperatingIncomeLoss $-784.71K USD 1 Quarter
Foreign Currency Gain (Loss) ForeignCurrencyTransactionGainLossRealized $-189.00 USD 1 Quarter
Foreign Currency Gain (Loss) ForeignCurrencyTransactionGainLossRealized - USD 1 Quarter
Loss from conversion of debt LossFromConversionOfDebt $-16.50K USD 1 Quarter
Loss from conversion of debt LossFromConversionOfDebt - USD 1 Quarter
Interest Income InvestmentIncomeInterest $60.00 USD 1 Quarter
Interest Income InvestmentIncomeInterest - USD 1 Quarter
Interest Expense InterestExpense $18.73K USD 1 Quarter
Interest Expense InterestExpense $10.49K USD 1 Quarter
Total Other Income (Expense) NonoperatingIncomeExpense $-35.42K USD 1 Quarter
Total Other Income (Expense) NonoperatingIncomeExpense $-10.43K USD 1 Quarter
LOSS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-795.14K USD 1 Quarter
LOSS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-1.26M USD 1 Quarter
BENEFIT FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 1 Quarter
BENEFIT FOR INCOME TAXES IncomeTaxExpenseBenefit - USD 1 Quarter
NET LOSS NetIncomeLoss $-1.26M USD 1 Quarter
NET LOSS NetIncomeLoss $-795.14K USD 1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share) EarningsPerShareBasicAndDiluted $-0.06 USD 1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share) EarningsPerShareBasicAndDiluted $-0.04 USD 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-1.26M USD 1 Quarter
Net Loss NetIncomeLoss $-795.14K USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $43.35K USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $57.08K USD 1 Quarter
Loss from conversion of debt LossFromConversionOfDebt $-16.50K USD 1 Quarter
Loss from conversion of debt LossFromConversionOfDebt - USD 1 Quarter
Stock Compensation ShareBasedCompensation $40.00K USD 1 Quarter
Stock Compensation ShareBasedCompensation $28.58K USD 1 Quarter
Non - cash compensation CommonSharesIssuedForServices $13.38K USD 1 Quarter
Non - cash compensation CommonSharesIssuedForServices - USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $-1.26M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $106.48K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $38.20K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $29.15K USD 1 Quarter
Other Current Assets IncreaseDecreaseInOtherCurrentAssets $-107.29K USD 1 Quarter
Other Current Assets IncreaseDecreaseInOtherCurrentAssets $-165.02K USD 1 Quarter
Accounts and Other Payables IncreaseDecreaseInAccountsPayable $446.44K USD 1 Quarter
Accounts and Other Payables IncreaseDecreaseInAccountsPayable $-423.57K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-167.94K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-305.11K USD 1 Quarter
Cash Acquired in Acquisition CashAcquiredFromAcquisition - USD 1 Quarter
Cash Acquired in Acquisition CashAcquiredFromAcquisition - USD 1 Quarter
Purchase of Property and Equipment PaymentsToAcquirePropertyPlantAndEquipment $203.37K USD 1 Quarter
Purchase of Property and Equipment PaymentsToAcquirePropertyPlantAndEquipment $16.66K USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivities $-16.66K USD 1 Quarter
Net cash provided by (used) in investing activities NetCashProvidedByUsedInInvestingActivities $-203.37K USD 1 Quarter
Changes in Restricted Cash IncreaseDecreaseInRestrictedCash $41.84K USD 1 Quarter
Changes in Restricted Cash IncreaseDecreaseInRestrictedCash $645.51K USD 1 Quarter
Proceeds from (Payments to) on Short-Term Notes Payable/Debt ProceedsFromNotesPayable $-313.50K USD 1 Quarter
Proceeds from (Payments to) on Short-Term Notes Payable/Debt ProceedsFromNotesPayable $166.41K USD 1 Quarter
Proceeds from (Payments to) Related Parties ProceedsFromRepaymentsOfRelatedPartyDebt $4.60K USD 1 Quarter
Proceeds from (Payments to) Related Parties ProceedsFromRepaymentsOfRelatedPartyDebt $47.00K USD 1 Quarter
Proceeds from Exercise of stock options ProceedsFromStockOptionsExercised $42.00K USD 1 Quarter
Proceeds from Exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Payments on Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt $-20.06K USD 1 Quarter
Payments on Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt $-3.40K USD 1 Quarter
Common Stock Issued, net of Cost of Capital ProceedsFromIssuanceOfCommonStock $2.71M USD 1 Quarter
Common Stock Issued, net of Cost of Capital ProceedsFromIssuanceOfCommonStock $60.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.78M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $228.17K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $1.74K USD 1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $11.03K USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $1.59M USD 1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-269.28K USD 1 Quarter
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $850.36K USD Point-in-time
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $1.71M USD Point-in-time
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $581.08K USD Point-in-time
Cash and Cash Equivalents - Beginning of Period CashAndCashEquivalentsAtCarryingValue $114.46K 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 $1.71M USD Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD CashAndCashEquivalentsAtCarryingValue $581.08K USD Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD CashAndCashEquivalentsAtCarryingValue $114.46K USD Point-in-time
Interest Paid InterestPaid $18.73K USD 1 Quarter
Interest Paid InterestPaid $10.49K USD 1 Quarter
Comprehensive Income 6 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-1.26M USD 1 Quarter
Net Loss NetIncomeLoss $-795.14K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-1.50K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $16.29K USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-778.85K USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-1.26M USD 1 Quarter

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

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