10-Q Filing

IVEDA SOLUTIONS, INC. CIK: 1397183 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001493152-16-010943`
Period End Date	20160331
Filing Date	20160620
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ivda-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 41 Cash Flow Statement 63 Comprehensive Income 7

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts Receivable, Related Party	`DueFromRelatedPartiesCurrent`	$27.51K	USD	Point-in-time
Accounts Receivable, Related Party	`DueFromRelatedPartiesCurrent`	$1.77K	USD	Point-in-time
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
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.90K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$184.92K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.93K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$301.30K	USD	Point-in-time
Restricted Cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$294.07K	USD	Point-in-time
Accounts Receivable, Net (including $1,770 and $27,512 from Related Party, respectively)	`AccountsReceivableNetCurrent`	$631.63K	USD	Point-in-time
Accounts Receivable, Net (including $1,770 and $27,512 from Related Party, respectively)	`AccountsReceivableNetCurrent`	$996.57K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, Net	`InventoryNet`	$209.30K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Inventory, Net	`InventoryNet`	$176.91K	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$347.95K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$316.21K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.68M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.16M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.91M	shares	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$445.24K	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$166.22K	USD	Point-in-time
PROPERTY AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$189.09K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.16M	shares	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$101.67K	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$106.67K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$162.38K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$220.93K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$269.05K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$322.60K	USD	Point-in-time
Total Assets	`Assets`	$2.16M	USD	Point-in-time
Total Assets	`Assets`	$2.45M	USD	Point-in-time
Total Assets	`Assets`	$4.96M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableOtherCurrent`	$2.88M	USD	Point-in-time
Accounts and Other Payables	`AccountsPayableOtherCurrent`	$2.60M	USD	Point-in-time
Due to Related Parties	`DueToRelatedPartiesCurrent`	$430.00K	USD	Point-in-time
Due to Related Parties	`DueToRelatedPartiesCurrent`	$714.82K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$53.02K	USD	Point-in-time
Short Term Debt	`ShortTermBorrowings`	$255.19K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$49.96K	USD	Point-in-time
Derivative Liability	`DerivativeLiabilitiesCurrent`	$53.15K	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	$45.85K	USD	Point-in-time
Current Portion of Long-Term Debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.43M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.66M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	$39.82K	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebt`	-	USD	Point-in-time
LONG-TERM DIVIDENDS PAYABLE	`DividendsPayableNoncurrent`	$748.33K	USD	Point-in-time
LONG-TERM DIVIDENDS PAYABLE	`DividendsPayableNoncurrent`	$653.24K	USD	Point-in-time
Common Stock, $0.00001 par value; 100,000,000 shares authorized; 28,161,500 and 27,906,739 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$279.00	USD	Point-in-time
Common Stock, $0.00001 par value; 100,000,000 shares authorized; 28,161,500 and 27,906,739 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$282.00	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$30.41M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$30.33M	USD	Point-in-time
Accumulated Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.87K	USD	Point-in-time
Accumulated Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.97K	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-31.91M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-32.66M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-2.29M	USD	Point-in-time
Total Stockholders Equity (Deficit)	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.45M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Equipment Sales	`SalesRevenueGoodsNet`	$414.52K	USD	1 Quarter
Equipment Sales	`SalesRevenueGoodsNet`	$385.20K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$24.48K	USD	1 Quarter
Service Revenue	`SalesRevenueServicesNet`	$98.34K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$12.96K	USD	1 Quarter
Other Revenue	`OtherSalesRevenueNet`	$2.83K	USD	1 Quarter
Total Revenue	`Revenues`	$525.82K	USD	1 Quarter
Total Revenue	`Revenues`	$412.52K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$358.69K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$330.41K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$167.13K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$82.11K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$1.02M	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$648.95K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-848.81K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-566.84K	USD	1 Quarter
Foreign Currency Transaction Gains	`ForeignCurrencyTransactionGainLossRealized`	$4.44K	USD	1 Quarter
Foreign Currency Transaction Gains	`ForeignCurrencyTransactionGainLossRealized`	-	USD	1 Quarter
Gain on Derivatives	`DerivativeGainLossOnDerivativeNet`	$36.93K	USD	1 Quarter
Gain on Derivatives	`DerivativeGainLossOnDerivativeNet`	$3.19K	USD	1 Quarter
Gain (Loss) on Disposal of Assets	`GainLossOnDispositionOfAssets1`	$1.65K	USD	1 Quarter
Gain (Loss) on Disposal of Assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$21.00	USD	1 Quarter
Interest Income	`InterestIncomeOther`	$6.08K	USD	1 Quarter
Interest Expense	`InterestExpenseOther`	$38.03K	USD	1 Quarter
Interest Expense	`InterestExpenseOther`	$20.87K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$9.43K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-839.39K	USD	1 Quarter
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-582.84K	USD	1 Quarter
BENEFIT (PROVISION) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
BENEFIT (PROVISION) FOR INCOME TAXES	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-839.39K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-839.39K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-582.84K	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	Annual
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
BASIC AND DILUTED LOSS PER SHARE	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
WEIGHTED AVERAGE SHARES	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.09M	shares	1 Quarter
WEIGHTED AVERAGE SHARES	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.31M	shares	Annual
WEIGHTED AVERAGE SHARES	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.31M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-839.39K	USD	Annual
Net Loss	`NetIncomeLoss`	$-839.39K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-582.84K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.73K	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$57.12K	USD	1 Quarter
(Gain) on Derivatives	`GainLossOnSaleOfDerivatives`	$3.19K	USD	1 Quarter
(Gain) on Derivatives	`GainLossOnSaleOfDerivatives`	$36.93K	USD	1 Quarter
Stock Option Compensation	`ShareBasedCompensation`	$6.00K	USD	1 Quarter
Stock Option Compensation	`ShareBasedCompensation`	$62.00K	USD	1 Quarter
Bad Debt Expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad Debt Expense	`ProvisionForDoubtfulAccounts`	$3.08K	USD	1 Quarter
Inventory Valuation Allowance	`InventoryValuationAllowance`	$1.00K	USD	1 Quarter
Inventory Valuation Allowance	`InventoryValuationAllowance`	-	USD	1 Quarter
Common Stock Issued for Interest	`IssuanceOfCommonStockWarrantsForInterest`	$7.33K	USD	1 Quarter
Common Stock Issued for Interest	`IssuanceOfCommonStockWarrantsForInterest`	$3.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$210.48K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-378.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$29.06K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$79.60K	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$24.00K	USD	1 Quarter
Other Current Assets	`IncreaseDecreaseInOtherCurrentAssets`	$34.02K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$53.39K	USD	1 Quarter
Other Assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-14.01K	USD	1 Quarter
Increase (Decrease) in Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$247.06K	USD	1 Quarter
Increase (Decrease) in Accounts and Other Payables	`IncreaseDecreaseInAccountsPayable`	$-231.69K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.29M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.27K	USD	1 Quarter
Sale (Purchase) of Property and Equipment	`ProceedsRepaymentsToAcquirePropertyPlantAndEquipment`	$20.44K	USD	1 Quarter
Sale (Purchase) of Property and Equipment	`ProceedsRepaymentsToAcquirePropertyPlantAndEquipment`	$-2.87K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$20.44K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.87K	USD	1 Quarter
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$-105.25K	USD	1 Quarter
Changes in Restricted Cash	`IncreaseDecreaseInRestrictedCash`	$7.24K	USD	1 Quarter
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromRepaymentsOfShortTermDebt`	$16.76K	USD	1 Quarter
Proceeds from (Payments on) Short-Term Notes Payable/Debt	`ProceedsFromRepaymentsOfShortTermDebt`	$203.04K	USD	1 Quarter
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$6.97K	USD	1 Quarter
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from (Payments to) Due to Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-145.00K	USD	1 Quarter
Proceeds from (Payments to) Due to Related Parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-284.82K	USD	1 Quarter
Proceeds from Long-Term Debt, Net of Payments	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$85.67K	USD	1 Quarter
Proceeds from Long-Term Debt, Net of Payments	`ProceedsFromRepaymentsOfOtherLongTermDebt`	$20.81K	USD	1 Quarter
Series B Preferred Stock Issued, Net of Cost of Capital	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Series B Preferred Stock Issued, Net of Cost of Capital	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$2.82M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$3.62K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.82M	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.20K	USD	1 Quarter
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.31K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.49M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.01K	USD	1 Quarter
Cash and Cash Equivalents- Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$87.90K	USD	Point-in-time
Cash and Cash Equivalents- Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$184.92K	USD	Point-in-time
Cash and Cash Equivalents- Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$206.93K	USD	Point-in-time
Cash and Cash Equivalents- Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$87.90K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$184.92K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$206.93K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.57M	USD	Point-in-time
Interest Paid	`InterestPaid`	$37.02K	USD	1 Quarter
Interest Paid	`InterestPaid`	$8.20K	USD	1 Quarter
Warrants Issued for Interest Expense	`WarrantsIssuedForInterestExpense`	$3.00K	USD	1 Quarter
Warrants Issued for Interest Expense	`WarrantsIssuedForInterestExpense`	$7.33K	USD	1 Quarter
Dividends Converted to Common Stock	`DividendsCommonStock`	-	USD	1 Quarter
Dividends Converted to Common Stock	`DividendsCommonStock`	$71.84K	USD	1 Quarter

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-839.39K	USD	Annual
Net Loss	`NetIncomeLoss`	$-839.39K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-582.84K	USD	1 Quarter
Change in Equity Adjustment from Foreign Currency Translation, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.10K	USD	1 Quarter
Change in Equity Adjustment from Foreign Currency Translation, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.53K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-579.75K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-837.86K	USD	1 Quarter

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