$IVDA
Iveda Solutions, Inc.

2014 Q3 Form 10-Q Financial Statement

#000114420414049528 Filed on August 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $489.0K $351.3K $794.2K
YoY Change -14.05% -55.77% -25.11%
Cost Of Revenue $397.2K $313.9K $627.9K
YoY Change -15.85% -50.02% -27.91%
Gross Profit $91.84K $37.40K $166.2K
YoY Change -5.25% -77.5% -12.24%
Gross Profit Margin 18.78% 10.65% 20.93%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% -37.5%
% of Gross Profit 65.33% 160.45% 30.08%
Operating Expenses $1.220M $1.531M $1.615M
YoY Change -25.85% -5.2% 57.35%
Operating Profit -$1.128M -$1.494M -$1.449M
YoY Change -27.14% 3.1% 73.1%
Interest Expense $140.1K $119.9K $30.66K
YoY Change 763.54% 291.22% 159.11%
% of Operating Profit
Other Income/Expense, Net -$73.04K -$79.20K -$58.08K
YoY Change 194.14% 36.36% 411.5%
Pretax Income -$1.201M -$1.573M -$1.507M
YoY Change -23.65% 4.38% 77.63%
Income Tax $38.00 $15.88K $0.00
% Of Pretax Income
Net Earnings -$1.201M -$1.589M -$1.507M
YoY Change -23.65% 5.43% 77.63%
Net Earnings / Revenue -245.68% -452.3% -189.75%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$43.94K -$59.22K -$60.72K
COMMON SHARES
Basic Shares Outstanding 27.31M shares 26.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $280.0K $670.0K $1.440M
YoY Change -74.07% -53.47% 364.52%
Cash & Equivalents $280.0K $673.6K $1.436M
Short-Term Investments
Other Short-Term Assets $1.690M $1.280M $402.6K
YoY Change 332.22% 217.93% -6.37%
Inventory $440.0K $530.0K $157.6K
Prepaid Expenses
Receivables $330.0K $470.0K $997.8K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.730M $2.950M $3.965M
YoY Change -11.17% -25.61% 56.12%
LONG-TERM ASSETS
Property, Plant & Equipment $560.0K $584.9K $481.4K
YoY Change 24.11% 21.49% -22.76%
Goodwill $841.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $400.0K $410.0K $100.0K
YoY Change 300.0% 310.0% -9.09%
Total Long-Term Assets $1.090M $1.139M $1.582M
YoY Change -29.58% -28.02% -9.81%
TOTAL ASSETS
Total Short-Term Assets $2.730M $2.950M $3.965M
Total Long-Term Assets $1.090M $1.139M $1.582M
Total Assets $3.820M $4.089M $5.547M
YoY Change -17.34% -26.29% 29.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.170M $2.090M $1.755M
YoY Change 20.98% 19.05% 92.91%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $970.0K $460.0K $439.1K
YoY Change 1014.94% 4.77% -53.78%
Long-Term Debt Due $70.00K $110.0K $200.0K
YoY Change -63.16% -45.0% 1900.0%
Total Short-Term Liabilities $3.710M $2.880M $2.492M
YoY Change 71.28% 15.56% -5.95%
LONG-TERM LIABILITIES
Long-Term Debt $3.400M $3.310M $100.0K
YoY Change 5566.67% 3210.0% 900.0%
Other Long-Term Liabilities $160.0K $160.0K
YoY Change
Total Long-Term Liabilities $3.560M $3.470M $100.0K
YoY Change 5833.33% 3370.0% 900.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.710M $2.880M $2.492M
Total Long-Term Liabilities $3.560M $3.470M $100.0K
Total Liabilities $7.270M $6.360M $2.600M
YoY Change 226.01% 144.62% -1.89%
SHAREHOLDERS EQUITY
Retained Earnings -$24.80M -$17.76M
YoY Change 39.59%
Common Stock $20.75M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$3.450M -$2.269M $2.951M
YoY Change
Total Liabilities & Shareholders Equity $3.820M $4.089M $5.547M
YoY Change -17.34% -26.29% 29.31%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$1.201M -$1.589M -$1.507M
YoY Change -23.65% 5.43% 77.63%
Depreciation, Depletion And Amortization $60.00K $60.00K $50.00K
YoY Change 0.0% 20.0% -37.5%
Cash From Operating Activities -$1.000M -$1.720M -$1.740M
YoY Change 7.53% -1.15% 1.75%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K -$70.00K -$50.00K
YoY Change 100.0% 40.0% -64.29%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$30.00K -$70.00K -$50.00K
YoY Change 50.0% 40.0% -64.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 630.0K 1.550M 1.520M
YoY Change 6.78% 1.97% -3.8%
NET CHANGE
Cash From Operating Activities -1.000M -1.720M -1.740M
Cash From Investing Activities -30.00K -70.00K -50.00K
Cash From Financing Activities 630.0K 1.550M 1.520M
Net Change In Cash -400.0K -240.0K -270.0K
YoY Change 11.11% -11.11% 0.0%
FREE CASH FLOW
Cash From Operating Activities -$1.000M -$1.720M -$1.740M
Capital Expenditures -$40.00K -$70.00K -$50.00K
Free Cash Flow -$960.0K -$1.650M -$1.690M
YoY Change 5.49% -2.37% 7.64%

Facts In Submission

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ProceedsFromStockOptionsExercised
8636 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-230440 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
88000 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
41757 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-85694 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
98978 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3996594 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3304248 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3559587 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4936 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
439 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1321592 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
113871 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
114462 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1436054 USD
us-gaap Interest Paid
InterestPaid
49390 USD
us-gaap Interest Paid
InterestPaid
18339 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
Iveda Solutions, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001397183
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
IVDA
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27308357 shares
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
3804505 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
5567 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1961 USD
ivda Discount On Convertible Debt
DiscountOnConvertibleDebt
0 USD
ivda Discount On Convertible Debt
DiscountOnConvertibleDebt
112784 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
126214 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
0 USD
us-gaap Debt Issuance Costs Incurred During Noncash Or Partial Noncash Transaction
DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction
13430 USD
CY2014Q2 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
504000 USD
CY2013Q4 us-gaap Receivable From Shareholders Or Affiliates For Issuance Of Capital Stock
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3936 USD
us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.05 pure
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
504000 USD
CY2013Q2 us-gaap Noncurrent Assets
NoncurrentAssets
60084 USD
CY2014Q2 us-gaap Noncurrent Assets
NoncurrentAssets
214378 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
138612 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
324755 USD

Files In Submission

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0001144204-14-049528-index-headers.html Edgar Link pending
0001144204-14-049528-index.html Edgar Link pending
0001144204-14-049528.txt Edgar Link pending
0001144204-14-049528-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ivda-20140630.xml Edgar Link completed
ivda-20140630.xsd Edgar Link pending
ivda-20140630_cal.xml Edgar Link unprocessable
ivda-20140630_def.xml Edgar Link unprocessable
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