2014 Q2 Form 10-Q Financial Statement
#000114420414031833 Filed on May 19, 2014
Income Statement
| Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
|---|---|---|---|
| Revenue | $351.3K | $374.9K | $615.2K |
| YoY Change | -55.77% | -39.07% | -13.45% |
| Cost Of Revenue | $313.9K | $210.5K | $564.9K |
| YoY Change | -50.02% | -62.73% | 5.58% |
| Gross Profit | $37.40K | $164.3K | $50.27K |
| YoY Change | -77.5% | 226.87% | -71.39% |
| Gross Profit Margin | 10.65% | 43.84% | 8.17% |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $60.00K | $54.32K | $57.08K |
| YoY Change | 20.0% | -4.83% | 42.71% |
| % of Gross Profit | 160.45% | 33.06% | 113.55% |
| Operating Expenses | $1.531M | $1.528M | $1.271M |
| YoY Change | -5.2% | 20.19% | 32.35% |
| Operating Profit | -$1.494M | -$1.363M | -$1.221M |
| YoY Change | 3.1% | 11.68% | 55.57% |
| Interest Expense | $119.9K | $56.00K | $18.73K |
| YoY Change | 291.22% | 199.01% | 78.55% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$79.20K | -$42.17K | -$35.42K |
| YoY Change | 36.36% | 19.05% | 239.59% |
| Pretax Income | -$1.573M | -$1.406M | -$1.256M |
| YoY Change | 4.38% | 11.89% | 57.99% |
| Income Tax | $15.88K | $0.00 | $0.00 |
| % Of Pretax Income | |||
| Net Earnings | -$1.589M | -$1.406M | -$1.256M |
| YoY Change | 5.43% | 11.89% | 57.99% |
| Net Earnings / Revenue | -452.3% | -374.95% | -204.19% |
| Basic Earnings Per Share | -$0.06 | -$0.05 | |
| Diluted Earnings Per Share | -$59.22K | -$52.73K | -$57.43K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 26.78M shares | 26.76M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $670.0K | $910.0K | $1.710M |
| YoY Change | -53.47% | -46.78% | 194.83% |
| Cash & Equivalents | $673.6K | $914.8K | $1.707M |
| Short-Term Investments | |||
| Other Short-Term Assets | $1.280M | $426.9K | $1.510M |
| YoY Change | 217.93% | -71.73% | 331.43% |
| Inventory | $530.0K | $394.4K | $160.0K |
| Prepaid Expenses | |||
| Receivables | $470.0K | $354.9K | $690.0K |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $2.950M | $3.193M | $4.070M |
| YoY Change | -25.61% | -21.55% | 92.59% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $584.9K | $558.3K | $481.0K |
| YoY Change | 21.49% | 16.08% | -11.09% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $410.0K | $388.5K | $110.0K |
| YoY Change | 310.0% | 253.14% | -90.31% |
| Total Long-Term Assets | $1.139M | $1.088M | $1.588M |
| YoY Change | -28.02% | -31.44% | -5.28% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $2.950M | $3.193M | $4.070M |
| Total Long-Term Assets | $1.139M | $1.088M | $1.588M |
| Total Assets | $4.089M | $4.281M | $5.658M |
| YoY Change | -26.29% | -24.33% | 49.3% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $2.090M | $2.255M | $1.970M |
| YoY Change | 19.05% | 14.46% | 106.23% |
| Accrued Expenses | |||
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $460.0K | $522.5K | $450.0K |
| YoY Change | 4.77% | 16.11% | 0.0% |
| Long-Term Debt Due | $110.0K | $140.0K | $70.00K |
| YoY Change | -45.0% | 100.0% | 600.0% |
| Total Short-Term Liabilities | $2.880M | $3.101M | $2.840M |
| YoY Change | 15.56% | 9.18% | 39.73% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $3.310M | $1.846M | $50.00K |
| YoY Change | 3210.0% | 3592.44% | 400.0% |
| Other Long-Term Liabilities | $160.0K | $120.0K | |
| YoY Change | |||
| Total Long-Term Liabilities | $3.470M | $1.846M | $50.00K |
| YoY Change | 3370.0% | 3592.44% | 400.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.880M | $3.101M | $2.840M |
| Total Long-Term Liabilities | $3.470M | $1.846M | $50.00K |
| Total Liabilities | $6.360M | $4.947M | $2.890M |
| YoY Change | 144.62% | 71.18% | 41.62% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$24.80M | -$23.21M | |
| YoY Change | 39.59% | ||
| Common Stock | $22.46M | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$2.269M | -$783.9K | $2.770M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.089M | $4.281M | $5.660M |
| YoY Change | -26.29% | -24.36% | 49.36% |
Cashflow Statement
| Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$1.589M | -$1.406M | -$1.256M |
| YoY Change | 5.43% | 11.89% | 57.99% |
| Depreciation, Depletion And Amortization | $60.00K | $54.32K | $57.08K |
| YoY Change | 20.0% | -4.83% | 42.71% |
| Cash From Operating Activities | -$1.720M | -$1.512M | -$170.0K |
| YoY Change | -1.15% | 789.37% | -44.28% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$70.00K | $137.1K | $16.66K |
| YoY Change | 40.0% | 723.3% | -91.81% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $0.00 | ||
| YoY Change | |||
| Cash From Investing Activities | -$70.00K | -$137.1K | -$20.00K |
| YoY Change | 40.0% | 585.65% | -90.17% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $0.00 | $2.708M | |
| YoY Change | -100.0% | 4413.62% | |
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 1.550M | $2.009M | 1.780M |
| YoY Change | 1.97% | 12.89% | 680.13% |
| NET CHANGE | |||
| Cash From Operating Activities | -1.720M | -$1.512M | -170.0K |
| Cash From Investing Activities | -70.00K | -$137.1K | -20.00K |
| Cash From Financing Activities | 1.550M | $2.009M | 1.780M |
| Net Change In Cash | -240.0K | $360.3K | 1.590M |
| YoY Change | -11.11% | -77.34% | -667.24% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$1.720M | -$1.512M | -$170.0K |
| Capital Expenditures | -$70.00K | $137.1K | $16.66K |
| Free Cash Flow | -$1.650M | -$1.649M | -$186.7K |
| YoY Change | -2.37% | 783.48% | -63.29% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
914834 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
559729 | USD |
| CY2014Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1101740 | USD |
| CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1160688 | USD |
| CY2014Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
354927 | USD |
| CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
372587 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-21801790 | USD |
| CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-783924 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
521809 | USD |
| CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4281313 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3679246 | USD |
| CY2014Q1 | us-gaap |
Inventory Net
InventoryNet
|
394427 | USD |
| CY2013Q4 | us-gaap |
Inventory Net
InventoryNet
|
331437 | USD |
| CY2014Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
426935 | USD |
| CY2013Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
295205 | USD |
| CY2014Q1 | us-gaap |
Assets Current
AssetsCurrent
|
3192863 | USD |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
2719646 | USD |
| CY2014Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
558331 | USD |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
471182 | USD |
| CY2014Q1 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
141666 | USD |
| CY2013Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
146666 | USD |
| CY2014Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
388453 | USD |
| CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
341752 | USD |
| CY2014Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
530119 | USD |
| CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
488418 | USD |
| CY2014Q1 | us-gaap |
Assets
Assets
|
4281313 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
3679246 | USD |
| CY2014Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2254902 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2358702 | USD |
| CY2014Q1 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
100000 | USD |
| CY2013Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
100000 | USD |
| CY2014Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
522517 | USD |
| CY2013Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
60291 | USD |
| CY2014Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
83876 | USD |
| CY2013Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
39804 | USD |
| CY2014Q1 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
139556 | USD |
| CY2013Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
164156 | USD |
| CY2014Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3100851 | USD |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2722953 | USD |
| CY2014Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1846218 | USD |
| CY2013Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
364370 | USD |
| CY2014Q1 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
118168 | USD |
| CY2013Q4 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
70114 | USD |
| CY2014Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
| CY2014Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
268 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
267 | USD |
| CY2014Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
22455637 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
22354002 | USD |
| CY2014Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-32471 | USD |
| CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-30670 | USD |
| CY2014Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-23207358 | USD |
| CY2014Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><u>Concentrations</u></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Substantially all cash is deposited in two financial institutions, one in the United States and one in Taiwan. At times, amounts on deposit in the United States may be in excess of the FDIC insurance limit. Deposits in Taiwan financial institutions are insured by CDIC (Central Deposit Insurance Corporation) with maximum coverage of NTD <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">3</font> million. At times, amounts on deposit in Taiwan may be in excess of the CDIC insurance limit.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Accounts receivable are unsecured, and the Company is at risk to the extent such amount becomes uncollectible. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. Revenue from two customers represented approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 51</font>% of total revenues for the three months ended March 31, 2014, and approximately <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 78</font>% of total accounts receivable at March 31, 2014.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2014Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><strong><u>Reclassification</u></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px 0pt 0.75in; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Certain amounts in 2013 may have been reclassified to conform to the 2014 presentation.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2014Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.00001 | |
| CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
| CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
| CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
26778357 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
26722012 | shares |
| CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26778357 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26722012 | shares |
| CY2013Q1 | ivda |
Equipment Sales
EquipmentSales
|
435833 | USD |
| CY2014Q1 | ivda |
Equipment Sales
EquipmentSales
|
210311 | USD |
| CY2013Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
169009 | USD |
| CY2014Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
158801 | USD |
| CY2013Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
10380 | USD |
| CY2014Q1 | us-gaap |
Other Sales Revenue Net
OtherSalesRevenueNet
|
5752 | USD |
| CY2013Q1 | us-gaap |
Revenues
Revenues
|
615222 | USD |
| CY2014Q1 | us-gaap |
Revenues
Revenues
|
374864 | USD |
| CY2013Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
564948 | USD |
| CY2014Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
210534 | USD |
| CY2013Q1 | us-gaap |
Gross Profit
GrossProfit
|
50274 | USD |
| CY2014Q1 | us-gaap |
Gross Profit
GrossProfit
|
164330 | USD |
| CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1220809 | USD |
| CY2014Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1363401 | USD |
| CY2013Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-189 | USD |
| CY2014Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
2234 | USD |
| CY2013Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
0 | USD |
| CY2014Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3 | USD |
| CY2013Q1 | us-gaap |
Interest Expense
InterestExpense
|
18730 | USD |
| CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
56004 | USD |
| CY2013Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-35419 | USD |
| CY2014Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-42167 | USD |
| CY2013Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1256228 | USD |
| CY2014Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1405568 | USD |
| CY2013Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2014Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
| CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1256228 | USD |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.06 | |
| CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.05 | |
| CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
480973 | USD |
| CY2013Q1 | ivda |
Additions Non Current Assets
AdditionsNonCurrentAssets
|
16656 | USD |
| CY2014Q1 | ivda |
Additions Non Current Assets
AdditionsNonCurrentAssets
|
137129 | USD |
| CY2013Q1 | us-gaap |
Inventory Gross
InventoryGross
|
161311 | USD |
| CY2014Q1 | us-gaap |
Inventory Gross
InventoryGross
|
394427 | USD |
| CY2013Q1 | us-gaap |
Assets
Assets
|
5657634 | USD |
| CY2012Q4 | ivda |
Issuance Of Warrants To Purchase Common Stock One
IssuanceOfWarrantsToPurchaseCommonStockOne
|
10000 | shares |
| CY2013 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
5000 | USD |
| CY2014Q1 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P3Y | |
| CY2014Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.50 | |
| CY2014Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.095 | pure |
| CY2014Q1 | ivda |
Warrant Share Issued
WarrantShareIssued
|
184045 | shares |
| CY2014Q1 | invest |
Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
|
1.65 | |
| CY2014Q1 | ivda |
Warrant Share Issued For Financing Cost
WarrantShareIssuedForFinancingCost
|
192424 | shares |
| CY2014Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2024500 | USD |
| CY2014Q1 | us-gaap |
Debt Instrument Increase Accrued Interest
DebtInstrumentIncreaseAccruedInterest
|
27913 | USD |
| CY2014Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
74645 | USD |
| CY2014Q1 | us-gaap |
Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
|
P3Y | |
| CY2014Q1 | us-gaap |
Derivative Loss On Derivative
DerivativeLossOnDerivative
|
11600 | USD |
| CY2014Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
1949855 | USD |
| CY2014Q1 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
175635 | USD |
| CY2013Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-1505 | USD |
| CY2014Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-1801 | USD |
| CY2013Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1257733 | USD |
| CY2014Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1407369 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-70114 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
-20058 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
-22605 | USD |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5693322 | shares |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
130000 | shares |
| CY2014Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
56345 | shares |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
127750 | shares |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
5639227 | shares |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
4612441 | shares |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.44 | |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.07 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.71 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.10 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
1.16 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.09 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
1.33 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
|
0.10 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
|
1.80 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
5639227 | shares |
| CY2014Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P7Y4M24D | |
| CY2014Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
1.09 | |
| CY2014Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
4612441 | shares |
| CY2014Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
1.33 | |
| CY2014Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y3M | |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.2422 | pure |
| CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0273 | pure |
| CY2014Q1 | us-gaap |
Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
|
1 | pure |
| CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1405568 | USD |
| CY2013Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
57084 | USD |
| CY2014Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
54324 | USD |
| CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
40000 | USD |
| CY2014Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
96000 | USD |
| CY2013Q1 | ivda |
Common Shares Issued For Services
CommonSharesIssuedForServices
|
13378 | USD |
| CY2014Q1 | ivda |
Common Shares Issued For Services
CommonSharesIssuedForServices
|
0 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1258084 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
38284 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
38197 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
66051 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-165016 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
135472 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-423574 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-23641 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-167937 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1511936 | USD |
| CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
16656 | USD |
| CY2014Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
137129 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-16656 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-137129 | USD |
| CY2013Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
645511 | USD |
| CY2014Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-42417 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
-313500 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
2118141 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
4600 | USD |
| CY2013Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD |
| CY2014Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
64074 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
42000 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5635 | USD |
| CY2013Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
2708172 | USD |
| CY2014Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
| CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1775703 | USD |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
2009400 | USD |
| CY2013Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
1736 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1592846 | USD |
| CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
355105 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
114462 | USD |
| CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1707308 | USD |
| CY2013Q1 | us-gaap |
Interest Paid
InterestPaid
|
18730 | USD |
| CY2014Q1 | us-gaap |
Interest Paid
InterestPaid
|
32105 | USD |
| CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
22001587 | shares |
| CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
26742623 | shares |
| CY2014Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-5230 | USD |
| CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
| CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2014Q1 | dei |
Trading Symbol
TradingSymbol
|
IVDA | |
| CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
26778357 | shares |
| CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
Iveda Solutions, Inc. | |
| CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001397183 | |
| CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2013Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
-16500 | USD |
| CY2014Q1 | us-gaap |
Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
|
11600 | USD |
| CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1271083 | USD |
| CY2014Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
1527731 | USD |
| CY2013Q1 | ivda |
Lossfromconversionofdebt
Lossfromconversionofdebt
|
16500 | USD |
| CY2014Q1 | ivda |
Lossfromconversionofdebt
Lossfromconversionofdebt
|
-11600 | USD |
| CY2014Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.10 | |
| CY2014Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1500000 | USD |
| CY2014Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
| CY2014Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights
|
1.65 | |
| CY2013Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
0 | USD |
| CY2014Q1 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-880 | USD |
| CY2014Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
19236 | USD |
