Iveda Solutions, Inc.
Business
Iveda Solutions, Inc. provides AI-driven video surveillance and Internet of Things (IoT) technologies for smart city and commercial applications. Its products and services include deep-learning video analytics (IvedaAI), IoT sensors and gateways, smart power and utility solutions, smart poles, drones, body cameras, smart UVC, device management platforms (Cerebro), and licensed vision software (vumastAR). Key business units include its product lines and Iveda Taiwan, which handles deployments, R&D, and project-based services. The company distributes through telecommunications and service-provider partners, system integrators, and direct enterprise and government contracts across international markets, including Asia and the U.S.
Summary from filing dated 2025-04-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| TOTAL REVENUE | 5 | 6 | 6 | 4 | 2 | |
| COST OF REVENUE | 4 | 5 | 5 | 4 | 1 | |
| GROSS PROFIT | 1 | 1 | 1 | 963,501 | 832,255 | |
| General & Administrative | 4 | 5 | 4 | 4 | 4 | |
| Research and Development | 170,800 | 363,350 | 797,112 | — | — | |
| Total Operating Expenses | 4 | 5 | 5 | 4 | 4 | |
| LOSS FROM OPERATIONS | −3 | −4 | −4 | −3 | −3 | |
| Miscellaneous Income (Expense) | 33,840 | 34,323 | −28,099 | −17,078 | — | |
| Interest Income | 61,937 | 113,728 | 131,870 | 57,397 | 354 | |
| Interest Expense | −36,509 | −26,183 | −7,254 | — | — | |
| Total Other Income (Expense) | 59,268 | 121,868 | −83,483 | −13,004 | −273,295 | |
| LOSS BEFORE INCOME TAXES | −3 | −4 | −4 | −3 | −3 | |
| BENEFIT (PROVISION) FOR INCOME TAXES | −30,484 | −32,385 | −18,308 | −2,947 | — | |
| NET LOSS | −3 | −4 | −4 | −3 | −3 | |
| BASIC LOSS PER SHARE | −0.88 | −1.81 | −2.07 | −0.26 | −0.34 | |
| DILUTED LOSS PER SHARE | −0.88 | −1.81 | −2.07 | −0.26 | — | |
| BASIC WEIGHTED AVERAGE SHARES | 4 | 2 | 2 | 13 | 9 | |
| DILUTED WEIGHTED AVERAGE SHARES | 4 | 2 | 2 | 13 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | 5 | 3 | 5 | 7 | 1 | |
| Restricted Cash | 63,694 | 29,013 | 129,778 | — | — | |
| Accounts Receivable, Net | 256,699 | 1 | 281,049 | 1 | 492,752 | |
| Deferred Cost of Goods | 116,951 | 507,308 | — | — | — | |
| Inventory, Net | 235,958 | 148,120 | 324,515 | 526,470 | 344,654 | |
| Other Current Assets | 326,005 | 435,052 | 435,581 | 371,990 | 310,657 | |
| Total Current Assets | 6 | 5 | 6 | 10 | 3 | |
| PROPERTY AND EQUIPMENT, NET | 47,093 | 68,677 | 98,575 | 32,911 | 38,189 | |
| Right of Use Asset, Net | 148,943 | — | — | — | — | |
| Other Assets | 76,195 | 84,424 | 298,163 | 267,387 | 273,419 | |
| Total Assets | 6 | 5 | 6 | 10 | 3 | |
| Accounts and Other Payables | 938,560 | 2 | 1 | 2 | 3 | |
| Short Term Debt | 159,500 | 427,025 | 348,771 | 398,409 | 50,000 | |
| Current Portion of Long-Term Debt | 127,600 | 122,007 | — | 65,408 | 120,284 | |
| Current Portion Lease Liability | 41,632 | — | — | — | — | |
| Total Current Liabilities | 1 | 2 | 2 | 2 | 3 | |
| Long- Term Debt | 265,832 | 376,188 | — | — | — | |
| Long term Lease Liability, Net of Current Portion | 114,904 | — | — | — | — | |
| Common Stock, $0.00001 par value; 300,000,000 shares authorized; 5,879,741 and 2,021,236 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 59 | 28 | 20 | 150 | 97 | |
| Additional Paid-In Capital | 61 | 56 | 54 | 52 | 41 | |
| Accumulated Comprehensive Loss | −249,168 | −280,209 | −221,418 | −220,643 | −143,493 | |
| Accumulated Deficit | −56 | −53 | −49 | −45 | −41 | |
| Total Stockholders Equity | 5 | 3 | 5 | 8 | −777,279 | |
| Total Liabilities and Stockholders Equity | 6 | 5 | 6 | 10 | 3 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and Amortization | 21,584 | 31,805 | 19,753 | 17,801 | 15,016 | |
| Stock Option Compensation | 376,000 | 122,600 | 104,600 | 120,581 | 801,908 | |
| Common Stock issued for Services | 135,000 | 90,000 | 138,546 | 219,900 | — | |
| Accounts Receivable | 1 | −996,586 | 930,803 | −785,969 | −266,138 | |
| Deferred Cost of Goods | 390,357 | −507,308 | — | — | — | |
| Right of Use Asset | 33,725 | — | — | — | — | |
| Inventory | −87,838 | 176,395 | 199,124 | −214,898 | −122,786 | |
| Other Current Assets | 109,048 | 528 | −66,995 | −168,122 | −100,228 | |
| Other Assets | 8,229 | 203,693 | −175,592 | −19,919 | −41,795 | |
| Increase (Decrease) in Accounts and Other Payables | −810,298 | 439,945 | −523,633 | −1 | 452,636 | |
| Lease Liability | −26,132 | — | — | — | — | |
| Net Cash Used in Operating Activities | −2 | −4 | −3 | −5 | −2 | |
| Purchase of Property and Equipment | — | −2,608 | — | — | — | |
| Net Cash Used in Investing Activities | — | −2,608 | −265,593 | −14,165 | −24,513 | |
| Payments on Short-Term Notes Payable/Debt | −919,097 | −324,995 | −251,498 | −164,093 | 459,087 | |
| Proceeds from Short-Term Notes Payable/Debt | 651,572 | 403,249 | — | — | — | |
| Proceeds from (Payments to) Long-Term Debt | −104,763 | 498,195 | — | — | — | |
| Common Stock Issued, net of (Cost of Capital) | 5 | 2 | 1 | 12 | 3 | |
| Net Cash Provided by Financing Activities | 5 | 2 | 1 | 11 | 3 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | 31,041 | −48,045 | 1,780 | −56,617 | 9,761 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 3 | −2 | −3 | 6 | 1 | |
| Interest Paid | 25,374 | 15,316 | 9,793 | 53,323 | 2,565 | |
| Income Tax Paid | 28,240 | 38,544 | 28,779 | — | — | |
| Present Value of Right of Use Asset and Lease Obligations on New Lease | 182,668 | — | — | — | — |