10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-061276`
Period End Date	20130930
Filing Date	20131114
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	ivda-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 68 Cash Flow Statement 58 Comprehensive Income 12

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`	$1.08M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.46K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$745.69K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$447.21K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$883.63K	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$1.96M	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$508.14K	USD	Point-in-time
Inventory	`InventoryNet`	$123.02K	USD	Point-in-time
Inventory	`InventoryNet`	$208.13K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$645.73K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$391.01K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.29M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.07M	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$451.21K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$516.98K	USD	Point-in-time
PROPERTY AND EQUIPMENT, Net	`PropertyPlantAndEquipmentNet`	$611.11K	USD	Point-in-time
Intangible Assets, Net	`OtherIntangibleAssetsNet`	$151.67K	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`	$104.03K	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`	$1.10M	USD	Point-in-time
Total Assets	`Assets`	$4.92M	USD	Point-in-time
Total Assets	`Assets`	$3.82M	USD	Point-in-time
Total Assets	`Assets`	$4.62M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$2.46M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$336.61K	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$100.00K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$87.00K	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`	$185.34K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.67M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.17M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebt`	$67.69K	USD	Point-in-time
LONG TERM DEBT	`LongTermDebt`	$64.54K	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$204.00	USD	Point-in-time
Common Stock	`CommonStockValue`	$262.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$21.75M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$16.20M	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.63K	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.00K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-15.00M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-19.34M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.18M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.39M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.62M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.92M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Equipment Sales	`EquipmentSales`	$1.47M	USD	3 Qtrs
Equipment Sales	`EquipmentSales`	$1.31M	USD	3 Qtrs
Equipment Sales	`EquipmentSales`	$212.53K	USD	1 Quarter
Equipment Sales	`EquipmentSales`	$409.22K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$476.41K	USD	3 Qtrs
Service Revenue	`SalesRevenueServicesNet`	$162.97K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$811.59K	USD	3 Qtrs
Service Revenue	`SalesRevenueServicesNet`	$149.58K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$31.41K	USD	3 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$10.12K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$34.85K	USD	3 Qtrs
Other Revenue	`OtherSalesRevenueNet`	$5.67K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$2.15M	USD	3 Qtrs
TOTAL REVENUE	`Revenues`	$568.92K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$381.17K	USD	1 Quarter
TOTAL REVENUE	`Revenues`	$1.98M	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$1.67M	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$471.99K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$322.82K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$1.73M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$310.64K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$96.93K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$58.35K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$423.49K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$2.85M	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$4.53M	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$1.65M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$867.96K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-4.22M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-809.61K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.43M	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-1.55M	USD	1 Quarter
Foreign Currency Gain (Loss)	`ForeignCurrencyTransactionGainLossRealized`	$-8.61K	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`	$-9.72K	USD	3 Qtrs
Loss from conversion of debt	`LossFromConversionOfDebt`	$44.00K	USD	3 Qtrs
Loss from conversion of debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from conversion of debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from conversion of debt	`LossFromConversionOfDebt`	-	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$997.00	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$6.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$545.00	USD	3 Qtrs
Interest Expense	`InterestExpense`	$24.41K	USD	1 Quarter
Interest Expense	`InterestExpense`	$65.61K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$16.22K	USD	1 Quarter
Interest Expense	`InterestExpense`	$46.74K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-24.83K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-118.33K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-46.28K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-24.50K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-834.10K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.34M	USD	3 Qtrs
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.57M	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.48M	USD	3 Qtrs
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
BENEFIT FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.57M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-4.34M	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`	$-0.06	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	3 Qtrs
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.57M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.34M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$181.46K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$169.16K	USD	3 Qtrs
Loss from Conversion of Debt	`LossFromConversionOfDebt`	$44.00K	USD	3 Qtrs
Loss from Conversion of Debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from Conversion of Debt	`LossFromConversionOfDebt`	-	USD	1 Quarter
Loss from Conversion of Debt	`LossFromConversionOfDebt`	-	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$126.81K	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$96.57K	USD	3 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$110.56K	USD	3 Qtrs
Common Stock Issued for Services	`CommonSharesIssuedForServices`	$222.21K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.41M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-245.31K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$24.69K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$86.42K	USD	3 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-56.31K	USD	3 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$243.04K	USD	3 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-438.89K	USD	3 Qtrs
Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-113.20K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.84M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.22M	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$89.90K	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$387.06K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-387.06K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-89.90K	USD	3 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$46.90K	USD	3 Qtrs
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$441.72K	USD	3 Qtrs
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	$431.66K	USD	3 Qtrs
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromNotesPayable`	$-586.51K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$244.57K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-236.60K	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$352.89K	USD	3 Qtrs
Proceeds from (Payments on) Long-Term Debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$-35.84K	USD	3 Qtrs
Proceeds from (Payments on) Long-Term Debt	`ProceedsFromRepaymentsOfOtherLongTermDebt`	-	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$8.56K	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$6.99K	USD	3 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$4.91M	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`	$3.89M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.38K	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$16.73K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.68K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$967.89K	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`	$1.08M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$114.46K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$745.69K	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`	$1.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$114.46K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$745.69K	USD	Point-in-time
Interest Paid	`InterestPaid`	$46.74K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$66.20K	USD	3 Qtrs

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-1.57M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.48M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-834.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.34M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-7.76K	USD	3 Qtrs
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`	$1.02K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-1.57M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-2.46M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-4.35M	USD	3 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-819.44K	USD	1 Quarter

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