$IVDA
Iveda Solutions, Inc.

2021 Form 10-K Financial Statement

#000149315222008309 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $1.918M $1.484M $1.484M
YoY Change 29.21% -59.23%
Cost Of Revenue $1.086M $991.6K $991.6K
YoY Change 9.48% -62.22%
Gross Profit $832.3K $492.7K $492.7K
YoY Change 68.93% -51.52%
Gross Profit Margin 43.4% 33.19% 33.19%
Selling, General & Admin $3.558M $1.721M $1.721M
YoY Change 106.67% -3.32%
% of Gross Profit 427.46% 349.4% 349.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.02K $15.70K $25.70K
YoY Change -41.57% -0.39%
% of Gross Profit 1.8% 3.19% 5.22%
Operating Expenses $3.558M $1.721M $1.721M
YoY Change 106.67% -3.32%
Operating Profit -$2.725M -$1.229M -$1.229M
YoY Change 121.8% 60.8%
Interest Expense -$273.3K -$397.9K -$397.9K
YoY Change -31.31% 3.91%
% of Operating Profit
Other Income/Expense, Net $0.00 $24.28K $24.28K
YoY Change -100.0%
Pretax Income -$2.999M -$1.602M -$1.602M
YoY Change 87.15% 39.69%
Income Tax
% Of Pretax Income
Net Earnings -$2.999M -$1.602M -$1.602M
YoY Change 87.15% 38.75%
Net Earnings / Revenue -156.35% -107.95% -107.95%
Basic Earnings Per Share -$0.34
Diluted Earnings Per Share -$335.4K -$30.98K -$30.98K
COMMON SHARES
Basic Shares Outstanding 8.940M shares
Diluted Shares Outstanding 8.940M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.385M $354.1K
YoY Change 291.17% 8.65%
Cash & Equivalents $1.385M $249.5K $249.5K
Short-Term Investments $104.6K
Other Short-Term Assets $453.4K $178.8K
YoY Change 153.55% -10.43%
Inventory $344.7K $221.9K
Prepaid Expenses
Receivables $492.8K $226.6K
Other Receivables $0.00 $3.840K
Total Short-Term Assets $2.676M $985.3K
YoY Change 171.61% -41.0%
LONG-TERM ASSETS
Property, Plant & Equipment $38.19K $22.03K
YoY Change 73.35% 279.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $60.48K
YoY Change 46.69%
Other Assets $273.4K $171.2K
YoY Change 59.75% 6.54%
Total Long-Term Assets $311.6K $260.3K
YoY Change 19.7% 11.08%
TOTAL ASSETS
Total Short-Term Assets $2.676M $985.3K
Total Long-Term Assets $311.6K $260.3K
Total Assets $2.988M $1.246M
YoY Change 139.86% -34.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.89K $3.158M
YoY Change -98.01% 5.32%
Accrued Expenses $2.835M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.00K $866.0K
YoY Change -94.23% 15.82%
Long-Term Debt Due $120.3K
YoY Change
Total Short-Term Liabilities $3.426M $4.537M
YoY Change -24.48% 5.75%
LONG-TERM LIABILITIES
Long-Term Debt $338.8K $0.00
YoY Change
Other Long-Term Liabilities $0.00 $415.6K
YoY Change -100.0% 46.47%
Total Long-Term Liabilities $338.8K $415.6K
YoY Change -18.49% 46.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.426M $4.537M
Total Long-Term Liabilities $338.8K $415.6K
Total Liabilities $3.765M $4.952M
YoY Change -23.97% 8.27%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$777.3K -$3.707M -$3.707M
YoY Change
Total Liabilities & Shareholders Equity $2.988M $1.246M
YoY Change 139.86% -34.59%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$2.999M -$1.602M -$1.602M
YoY Change 87.15% 38.75%
Depreciation, Depletion And Amortization $15.02K $15.70K $25.70K
YoY Change -41.57% -0.39%
Cash From Operating Activities -$1.972M -$50.87K -$145.6K
YoY Change 1254.74% -154.3%
INVESTING ACTIVITIES
Capital Expenditures -$24.51K $13.39K -$21.92K
YoY Change 11.82% 1361.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$24.51K $13.39K -$21.92K
YoY Change 11.82% 1361.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.123M 41.55K 113.7K
YoY Change 2645.63% -174.35%
NET CHANGE
Cash From Operating Activities -1.972M -50.87K -145.6K
Cash From Investing Activities -24.51K 13.39K -21.92K
Cash From Financing Activities 3.123M 41.55K 113.7K
Net Change In Cash 1.126M 4.070K -53.76K
YoY Change -2194.49% -147.32%
FREE CASH FLOW
Cash From Operating Activities -$1.972M -$50.87K -$145.6K
Capital Expenditures -$24.51K $13.39K -$21.92K
Free Cash Flow -$1.948M -$64.26K -$123.7K
YoY Change 1475.07% -145.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 IVDA Long Term Dividend Payable
LongTermDividendPayable
USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2020 IVDA Rent Accounts Payable To Related Party Converted To Common Stock
RentAccountsPayableToRelatedPartyConvertedToCommonStock
USD
CY2021 IVDA Dividends Paid With Series B Preferred Stock
DividendsPaidWithSeriesBPreferredStock
USD
CY2020 IVDA Accrued Dividends Converted To Common Stock
AccruedDividendsConvertedToCommonStock
USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
USD
CY2021Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
USD
CY2020Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
USD
CY2021 IVDA Miscellaneous Income Expense
MiscellaneousIncomeExpense
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Stock Issued Ownshare Lending Arrangement Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedOwnshareLendingArrangementIssuanceCosts
USD
CY2020 IVDA Stock Issued During Period Value Preferred Stock Series B
StockIssuedDuringPeriodValuePreferredStockSeriesB
USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
USD
CY2020 IVDA Stock Issued During Period Value Payment On Stockholder Prom Note
StockIssuedDuringPeriodValuePaymentOnStockholderPromNote
USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2020 IVDA Accounts Payable Converted To Common Stock
AccountsPayableConvertedToCommonStock
USD
CY2020 IVDA Common Stock Issued For Consulting Agreements Related To Cost Of Capital
CommonStockIssuedForConsultingAgreementsRelatedToCostOfCapital
USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
USD
CY2021Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
USD
CY2020Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
USD
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD

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