10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-045244`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ivda-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 67 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.42K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$850.36K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.44M	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`	$971.36K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$997.77K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Inventory	`InventoryNet`	$123.02K	USD	Point-in-time
Inventory	`InventoryNet`	$157.57K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$402.61K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$645.73K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.97M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.29M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$516.98K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$623.26K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$481.43K	USD	Point-in-time
Intangible Assets, Net	`OtherIntangibleAssetsNet`	$156.67K	USD	Point-in-time
Intangible Assets, Net	`OtherIntangibleAssetsNet`	$166.67K	USD	Point-in-time
Goodwill	`Goodwill`	$841.00K	USD	Point-in-time
Goodwill	`Goodwill`	$841.00K	USD	Point-in-time
Other Assets	`OtherAssets`	$105.62K	USD	Point-in-time
Other Assets	`OtherAssets`	$102.73K	USD	Point-in-time
Total Other Assets	`PrepaidExpenseAndOtherAssets`	$1.11M	USD	Point-in-time
Total Other Assets	`PrepaidExpenseAndOtherAssets`	$1.10M	USD	Point-in-time
Total Assets	`Assets`	$5.55M	USD	Point-in-time
Total Assets	`Assets`	$4.29M	USD	Point-in-time
Total Assets	`Assets`	$4.92M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$2.46M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$1.76M	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$100.00K	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$336.61K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$439.05K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$802.12K	USD	Point-in-time
Current Portion of Long-Term Debt	`OtherLongTermDebtCurrent`	$75.71K	USD	Point-in-time
Current Portion of Long-Term Debt	`OtherLongTermDebtCurrent`	$197.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.67M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebt`	$104.35K	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`	$252.00	USD	Point-in-time
Common Stock	`CommonStockValue`	$204.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$16.20M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$20.75M	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.41K	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.63K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-17.76M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-15.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.18M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.92M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.55M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Equipment Sales	`EquipmentSales`	$1.06M	USD	2 Qtrs
Equipment Sales	`EquipmentSales`	$621.99K	USD	1 Quarter
Equipment Sales	`EquipmentSales`	$1.10M	USD	2 Qtrs
Equipment Sales	`EquipmentSales`	$596.10K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$454.25K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$157.82K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$648.62K	USD	2 Qtrs
Service Revenue	`SalesRevenueServicesNet`	$326.83K	USD	2 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$10.14K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$24.73K	USD	2 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$14.35K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$25.73K	USD	2 Qtrs
TOTAL REVENUE	`Revenues`	$1.77M	USD	2 Qtrs
TOTAL REVENUE	`Revenues`	$1.41M	USD	2 Qtrs
TOTAL REVENUE	`Revenues`	$794.17K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$1.06M	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.41M	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$627.93K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$871.07K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.19M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$216.51K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$365.14K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$166.23K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$189.43K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$1.62M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$2.89M	USD	2 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$1.03M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$1.99M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-836.98K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.67M	USD	2 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.45M	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.62M	USD	2 Qtrs
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	-	USD	2 Qtrs
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	$-1.11K	USD	2 Qtrs
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	$-918.00	USD	1 Quarter
Loss from conversion of debt	`LossFromConversionOfDebt`	$-27.50K	USD	1 Quarter
Loss from conversion of debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from conversion of debt	`LossFromConversionOfDebt`	$-44.00K	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$538.00	USD	2 Qtrs
Interest Income	`InvestmentIncomeInterest`	$478.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$997.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$997.00	USD	2 Qtrs
Interest Expense	`InterestExpense`	$49.39K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$30.66K	USD	1 Quarter
Interest Expense	`InterestExpense`	$22.32K	USD	2 Qtrs
Interest Expense	`InterestExpense`	$11.83K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-21.79K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-93.50K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-11.36K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-58.08K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.64M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.51M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.76M	USD	2 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-848.34K	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.76M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-848.34K	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	2 Qtrs
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.76M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-848.34K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$116.26K	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$113.35K	USD	2 Qtrs
Loss from Conversion of Debt	`LossFromConversionOfDebt`	$-27.50K	USD	1 Quarter
Loss from Conversion of Debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from Conversion of Debt	`LossFromConversionOfDebt`	$-44.00K	USD	2 Qtrs
Stock Compensation	`ShareBasedCompensation`	$61.08K	USD	2 Qtrs
Stock Compensation	`ShareBasedCompensation`	$88.02K	USD	2 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$110.56K	USD	2 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$148.76K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$710.90K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-913.02K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$37.85K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$59.91K	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-71.01K	USD	2 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$53.91K	USD	2 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$165.06K	USD	2 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-486.28K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.02M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.91M	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.60K	USD	2 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$338.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.60K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-338.67K	USD	2 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$544.06K	USD	2 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$47.67K	USD	2 Qtrs
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	$716.20K	USD	2 Qtrs
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	$-138.61K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$184.57K	USD	2 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-230.44K	USD	2 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$392.75K	USD	2 Qtrs
Proceeds from Long-Term Debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	2 Qtrs
Proceeds from Long-Term Debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$41.76K	USD	2 Qtrs
Bank Borrowings	`ProceedsFromBankDebt`	$101.23K	USD	2 Qtrs
Bank Borrowings	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.92K	USD	2 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$5.57K	USD	2 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$651.54K	USD	2 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$4.00M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.81M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.30M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.82K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.94K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.32M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-538.95K	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$311.42K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$850.36K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.44M	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`	$311.42K	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`	$1.44M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.46K	USD	Point-in-time
Interest Paid	`InterestPaid`	$49.39K	USD	2 Qtrs
Interest Paid	`InterestPaid`	$22.32K	USD	2 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.64M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.76M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-848.34K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-7.74K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$6.83K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-9.47K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-8.78K	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-857.80K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.51M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.64M	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.77M	USD	2 Qtrs

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