Iveda Solutions Inc. (IVDA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1744 S. VAL VISTA DRIVE MESA, AZ 85204 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,755 | 7,312 | 1,385 | 207 | 88 | 560 | |||
| Cash and cash equivalents | 4,755 | 7,312 | 1,385 | 207 | 88 | 560 | |||
| Restricted cash and investments | 130 | 130 | 143 | 294 | 979 | ||||
| Receivables | 281 | 1,223 | 493 | 997 | 112 | 3 | |||
| Inventory, net of allowances, customer advances and progress billings | 325 | 526 | 345 | 177 | 388 | 331 | |||
| Inventory | 325 | 526 | 345 | 177 | 388 | 331 | |||
| Advances on inventory purchases | 284 | ||||||||
| Other current assets | 436 | 372 | 311 | 316 | 648 | 295 | |||
| Other undisclosed current assets | 0 | (37) | 1,530 | ||||||
| Total current assets: | 5,926 | 9,563 | 2,676 | 1,991 | 2,461 | 2,720 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 891 | 33 | 38 | 189 | 533 | 471 | |||
| Intangible assets, net (including goodwill) | 107 | 253 | ✕ | ||||||
| Intangible assets, net (excluding goodwill) | 107 | 253 | |||||||
| Other noncurrent assets | 445 | 267 | 273 | 162 | 364 | 342 | |||
| Other undisclosed noncurrent assets | (127) | 147 | |||||||
| Total noncurrent assets: | 1,336 | 300 | 312 | 458 | 1,023 | 960 | |||
| TOTAL ASSETS: | 7,261 | 9,863 | 2,988 | 2,449 | 3,485 | 3,679 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,081 | 1,603 | 2,898 | 2,287 | 2,166 | 688 | |||
| Taxes payable | ✕ | ✕ | ✕ | 2 | |||||
| Accounts payable | 180 | 360 | 63 | 1,470 | 2,166 | 2,359 | |||
| Accrued liabilities | 901 | 1,243 | 2,835 | 817 | 1,651 | ||||
| Other undisclosed accounts payable and accrued liabilities | (3,324) | ||||||||
| Deferred revenue | 29 | 35 | 58 | ✕ | ✕ | ✕ | |||
| Debt | 349 | 464 | 170 | 53 | 1,115 | (104) | |||
| Derivative instruments and hedges, liabilities | 53 | 112 | 40 | ||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 317 | 14 | 17 | ||
| Due to related parties | ✕ | ✕ | 300 | 715 | 575 | 100 | |||
| Other undisclosed current liabilities | (0) | (14) | 1,982 | ||||||
| Total current liabilities: | 1,459 | 2,103 | 3,426 | 3,425 | 3,968 | 2,723 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 364 | ||||||||
| Long-term debt, excluding current maturities | 364 | ||||||||
| Liabilities, other than long-term debt | 70 | ||||||||
| Due to related parties | ✕ | ✕ | 70 | ||||||
| Total noncurrent liabilities: | 434 | ||||||||
| Total liabilities: | 1,459 | 2,103 | 3,426 | 3,425 | 3,968 | 3,157 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 5,803 | 7,570 | (777) | (1,630) | (756) | 522 | |||
| Preferred stock | 0 | ||||||||
| Common stock | 0 | 0 | 1 | 0 | 0 | 0 | |||
| Additional paid in capital | 54,066 | 52,497 | 40,727 | 30,325 | 27,262 | 22,354 | |||
| Accumulated other comprehensive loss | (222) | (221) | (143) | (42) | (36) | (31) | |||
| Accumulated deficit | (47,942) | (44,707) | (41,361) | (31,913) | (27,491) | (21,802) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | (492) | ||||||||
| Other undisclosed equity, attributable to parent | (99) | 0 | |||||||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 5,803 | 7,570 | (777) | (1,630) | (756) | 522 | |||
| Other undisclosed liabilities and equity | 191 | 339 | 653 | 273 | |||||
| TOTAL LIABILITIES AND EQUITY: | 7,261 | 9,863 | 2,988 | 2,449 | 3,485 | 3,679 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,496 | 4,468 | 1,918 | 3,072 | 2,186 | 3,345 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,072 | 2,186 | 653 | |
| Cost of revenue | (5,428) | (3,505) | (1,086) | (2,390) | (1,612) | (2,729) | ||
| Gross profit: | 1,068 | 964 | 832 | 682 | 574 | 616 | ||
| Operating expenses | (4,479) | (4,293) | (3,558) | (4,019) | (5,533) | (7,765) | ||
| Other undisclosed operating income (loss) | (0) | (0) | 349 | |||||
| Operating loss: | (3,411) | (3,329) | (2,725) | (3,337) | (4,960) | (6,800) | ||
| Nonoperating income (expense) | 97 | (13) | (273) | (435) | (682) | (71) | ||
| Investment income, nonoperating | 132 | 57 | 0 | 16 | 2 | |||
| Other nonoperating income (expense) | (28) | |||||||
| Interest and debt expense | (7) | (53) | (274) | (397) | (812) | (84) | ||
| Loss from continuing operations before equity method investments, income taxes: | (3,322) | (3,396) | (3,272) | (4,170) | (6,454) | (6,955) | ||
| Other undisclosed income from continuing operations before income taxes | 105 | 53 | 397 | 812 | 84 | |||
| Loss from continuing operations before income taxes: | (3,217) | (3,342) | (3,272) | (3,772) | (5,641) | (6,871) | ||
| Income tax expense (benefit) | (18) | (3) | (13) | (16) | 69 | |||
| Other undisclosed income from continuing operations | 274 | |||||||
| Loss from continuing operations: | (3,235) | (3,345) | (2,999) | (3,785) | (5,657) | (6,802) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,999) | (3,785) | (5,657) | (6,802) | |
| Net loss: | (3,235) | (3,345) | (2,999) | (3,785) | (5,657) | (6,802) | ||
| Net income attributable to noncontrolling interest | ||||||||
| Other undisclosed net income (loss) attributable to parent | 0 | 0 | ||||||
| Net loss available to common stockholders, basic: | (3,235) | (3,345) | (2,999) | (3,785) | (5,657) | (6,802) | ||
| Dilutive securities, effect on basic earnings per share | 90 | 90 | ||||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (3,145) | (3,255) | (2,999) | (3,785) | (5,657) | (6,802) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,235) | (3,345) | (2,999) | (3,785) | (5,657) | (6,802) | ||
| Other comprehensive income (loss) | (2) | (77) | 10 | (6) | (5) | (7) | ||
| Comprehensive loss: | (3,237) | (3,422) | (2,989) | (3,791) | (5,662) | (6,809) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
| Comprehensive loss, net of tax, attributable to parent: | (3,237) | (3,422) | (2,989) | (3,791) | (5,662) | (6,809) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.