10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001376474-11-000188`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	ivda-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 47 Cash Flow Statement 57

Balance Sheet 86 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`	$466.97K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$384.29K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.67K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.34K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$361.69K	USD	Point-in-time
Common Stock, Par Value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Accounts Receivable, net	`AccountsReceivableNetCurrent`	$959.46K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Note Receivable	`NotesReceivableNet`	$17.69K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	19.01M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	13.66M	shares	Point-in-time
Advances to Suppliers	`AdvancesToSuppliersCurrent`	$16.42K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	13.66M	shares	Point-in-time
Deposits	`Deposits`	$220.51K	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	19.01M	shares	Point-in-time
Inventory	`InventoryNet`	$143.04K	USD	Point-in-time
Inventory	`InventoryNet`	$4.65K	USD	Point-in-time
Common Stock, Shares Reserved For Issuance	`CommonStockCapitalSharesReservedForFutureIssuance`	2.00M	shares	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$85.51K	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.91M	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`	$228.45K	USD	Point-in-time
Furniture and Fixtures	`FurnitureAndFixturesGross`	$27.80K	USD	Point-in-time
Furniture and Fixtures	`FurnitureAndFixturesGross`	$56.29K	USD	Point-in-time
Software	`CapitalizedComputerSoftwareGross`	$42.54K	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`	$36.96K	USD	Point-in-time
Leasehold Improvements	`LeaseholdImprovementsGross`	$36.96K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentGross`	$572.57K	USD	Point-in-time
Total Property and Equipment	`PropertyPlantAndEquipmentGross`	$616.39K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$308.14K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$262.49K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$308.25K	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$310.08K	USD	Point-in-time
Deposits	`OtherDeposits`	$10.21K	USD	Point-in-time
Deposits	`OtherDeposits`	$9.02K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsNoncurrent`	$62.85K	USD	Point-in-time
Trademarks	`FiniteLivedTrademarksGross`	$200.00K	USD	Point-in-time
Other Intangible assets	`OtherIntangibleAssetsNet`	$130.00K	USD	Point-in-time
Accumulated Amortization	`AccumulatedAmortization`	$-19.17K	USD	Point-in-time
Goodwill	`Goodwill`	$1.80M	USD	Point-in-time
Total Assets	`Assets`	$1.05M	USD	Point-in-time
Total Assets	`Assets`	$4.40M	USD	Point-in-time
Accounts Payable	`AccountsPayable`	$180.35K	USD	Point-in-time
Accounts Payable	`AccountsPayable`	$212.15K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$77.58K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$109.39K	USD	Point-in-time
Current Portion of Capital Lease Obligations	`CapitalLeaseObligationsCurrent`	$48.40K	USD	Point-in-time
Current Portion of Capital Lease Obligations	`CapitalLeaseObligationsCurrent`	$11.41K	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$28.09K	USD	Point-in-time
Due to Related Parties, net of debt discount	`DueToRelatedPartiesCurrent`	$197.00K	USD	Point-in-time
Bank Loans -Short Term	`ShortTermBankLoansAndNotesPayable`	$334.60K	USD	Point-in-time
Income Tax Payable	`AccruedIncomeTaxesCurrent`	$9.43K	USD	Point-in-time
Notes Payable, net of debt discount	`NotesPayableCurrent`	$91.11K	USD	Point-in-time
Deferred Tax Liability	`DeferredTaxLiabilitiesCurrent`	$47.48K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$11.62K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$87.13K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$514.94K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$930.78K	USD	Point-in-time
Capital Lease Obligations, Net of Current Portion	`CapitalLeaseObligationsNoncurrent`	$9.95K	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`	$940.73K	USD	Point-in-time
Common Stock	`CommonStockValue`	$190.00	USD	Point-in-time
Common Stock	`CommonStockValue`	$137.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$12.49M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$7.21M	USD	Point-in-time
Accumulated Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.84K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-6.70M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-8.99M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$517.95K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.46M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.05M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.40M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.45M	USD	3 Qtrs
Revenue	`Revenues`	$588.34K	USD	1 Quarter
Revenue	`Revenues`	$488.60K	USD	3 Qtrs
Revenue	`Revenues`	$182.42K	USD	1 Quarter
Cost of Revenue	`CostOfRevenue`	$115.82K	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`	$337.43K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$116.13K	USD	1 Quarter
Gross Profit	`GrossProfit`	$151.18K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$336.54K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$66.60K	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$1.63M	USD	3 Qtrs
Operating Expenses	`OperatingExpenses`	$2.61M	USD	3 Qtrs
Operating Expenses	`OperatingExpenses`	$604.60K	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$778.29K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-538.00K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.48M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-2.28M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-662.16K	USD	1 Quarter
Miscellaneous Income (Expense)	`OtherNonoperatingIncomeExpense`	$1.61K	USD	3 Qtrs
Miscellaneous Income (Expense)	`OtherNonoperatingIncomeExpense`	$968.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$40.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$525.00	USD	3 Qtrs
Interest Income	`InvestmentIncomeInterest`	$302.00	USD	1 Quarter
Interest Income	`InvestmentIncomeInterest`	$933.00	USD	3 Qtrs
Interest Expense	`InterestExpense`	$-21.81K	USD	3 Qtrs
Interest Expense	`InterestExpense`	$-1.76K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-1.50K	USD	1 Quarter
Interest Expense	`InterestExpense`	$-13.00K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-495.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-12.07K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.46K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-19.67K	USD	3 Qtrs
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-539.46K	USD	1 Quarter
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.30M	USD	3 Qtrs
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.49M	USD	3 Qtrs
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-662.65K	USD	1 Quarter
Benefit for Income Taxes	`IncomeTaxExpenseBenefit`	$4.89K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-539.46K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-2.29M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-662.65K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.49M	USD	3 Qtrs
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	3 Qtrs
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Basic and Diluted Loss Per Share	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-539.46K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-2.29M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-662.65K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.49M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$57.55K	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$96.63K	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$704.00K	USD	3 Qtrs
Stock Compensation	`ShareBasedCompensation`	$217.16K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-55.86K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.51K	USD	3 Qtrs
Notes Receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-5.34K	USD	3 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$-18.26K	USD	3 Qtrs
Prepaid Expense	`IncreaseDecreaseInPrepaidExpense`	$-924.00	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-2.04K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-24.50K	USD	3 Qtrs
Deposit	`IncreaseDecreaseInCustomerDeposits`	$6.13K	USD	3 Qtrs
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$-22.56K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-145.94K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-286.17K	USD	3 Qtrs
Notes Payable	`IncreaseDecreaseInNotesPayableCurrent`	$21.67K	USD	3 Qtrs
Tax Payable	`IncreaseDecreaseInTaxesPayable`	$-219.63K	USD	3 Qtrs
Other Payable	`IncreaseDecreaseInOtherAccountsPayable`	$9.49K	USD	3 Qtrs
Deferred Revenue	`DeferredRevenueAdditions`	$1.81K	USD	3 Qtrs
Deferred Revenue	`DeferredRevenueAdditions`	$48.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.57M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88M	USD	3 Qtrs
Cash Acquired in Acquisition	`CashAcquiredFromAcquisition`	$740.56K	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-51.87K	USD	3 Qtrs
Purchase of Property and Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-91.58K	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`	$-91.58K	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-134.00K	USD	3 Qtrs
Proceeds from (Payments to) Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$176.41K	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$-45.00K	USD	3 Qtrs
Payments on Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$-49.45K	USD	3 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$2.21M	USD	3 Qtrs
Common Stock Issued, net of Cost of Capital	`ProceedsFromIssuanceOfCommonStock`	$1.24M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.03M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.37M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-69.69K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$111.62K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$366.61K	USD	3 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$466.97K	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$384.29K	USD	Point-in-time
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 - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$466.97K	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$384.29K	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
Taxes Paid	`IncomeTaxesPaid`	$224.70K	USD	3 Qtrs
Debt Converted to Stock	`DebtConversionConvertedInstrumentAmount1`	$50.00K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$11.24K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$21.81K	USD	3 Qtrs
Property and Equipment Purchased via Capital Lease	`CapitalLeaseObligationsIncurred`	$5.30K	USD	3 Qtrs
Property and Equipment Purchased via Capital Lease	`CapitalLeaseObligationsIncurred`	$4.35K	USD	3 Qtrs
Issuance of Common Stock for Acquisition	`StockIssued1`	$3.30M	USD	3 Qtrs

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