Iveda Solutions, Inc. (IVDA) financial statements (2022 and earlier)

Company profile

Business Address 1744 S. VAL VISTA DRIVE
MESA, AZ 85204
State of Incorp. NV
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,38520788560114
Cash and cash equivalents1,38520788560114
Restricted cash and investments143294979  
Receivables49399711236
Inventory, net of allowances, customer advances and progress billings345177388331123
Inventory345177388331123
Advances on inventory purchases  284  
Prepaid expense and other current assets224
Other current assets311316648295
Other undisclosed current assets  (37)1,5302,821
Total current assets:2,6761,9912,4612,7203,289
Noncurrent Assets
Property, plant and equipment38189533471517
Intangible assets, net (including goodwill) 107253841
Goodwill    841
Intangible assets, net (excluding goodwill) 107253  
Other noncurrent assets273162364342
Other undisclosed noncurrent assets  (127)147272
Total noncurrent assets:3124581,0239601,630
TOTAL ASSETS:2,9882,4493,4853,6794,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,8982,2872,166688673
Accounts payable631,4702,1662,3592,457
Accrued liabilities2,835817 1,6511,674
Taxes payable   254
Other undisclosed accounts payable and accrued liabilities   (3,324)(3,512)
Deferred revenue58
Debt170531,115(104)878
Derivative instruments and hedges, liabilities 5311240 
Due to related parties300715575100337
Deferred revenue and credits317141756
Other undisclosed current liabilities  (14)1,9821,728
Total current liabilities:3,4263,4253,9682,7233,671
Noncurrent Liabilities
Long-term debt and lease obligation, including:   364141
Long-term debt, excluding current maturities   364 
Capital lease obligations   3
Other undisclosed long-term debt and lease obligation    138
Liabilities, other than long-term debt   70 
Due to related parties   70 
Total noncurrent liabilities:   434141
Total liabilities:3,4263,4253,9683,1573,812
Stockholders' equity
Stockholders' equity attributable to parent, including:(777)(1,630)(756)5221,181
Preferred stock  0  
Common stock10000
Additional paid in capital40,72730,32527,26222,35416,204
Accumulated other comprehensive loss(143)(42)(36)(31)(24)
Accumulated deficit(41,361)(31,913)(27,491)(21,802)(15,000)
Receivable from shareholders or affiliates for issuance of capital stock  (492)  
Other undisclosed stockholders' equity attributable to parent 0   
Total stockholders' equity:(777)(1,630)(756)5221,181
Other undisclosed liabilities and equity339653273 (73)
TOTAL LIABILITIES AND EQUITY:2,9882,4493,4853,6794,919

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1,9183,0722,1863,3453,609
Revenue, net3,0722,186653865
Cost of revenue(1,086)(2,390)(1,612)(2,729)(3,230)
Gross profit:832682574616379
Operating expenses(3,558)(4,019)(5,533)(7,765)(4,223)
Other undisclosed operating income (loss)(0)  349 
Operating loss:(2,725)(3,337)(4,960)(6,800)(3,845)
Nonoperating expense(273)(435)(682)(71)(79)
Interest and debt expense(274)(397)(812)(84)(80)
Loss from continuing operations before equity method investments, income taxes:(3,272)(4,170)(6,454)(6,955)(4,004)
Other undisclosed income from continuing operations before income taxes 3978128480
Loss from continuing operations before income taxes:(3,272)(3,772)(5,641)(6,871)(3,924)
Income tax expense (benefit) (13)(16)6983
Other undisclosed income from continuing operations274    
Net loss available to common stockholders, diluted:(2,999)(3,785)(5,657)(6,802)(3,842)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(2,999)(3,785)(5,657)(6,802)(3,842)
Other comprehensive income (loss)10(6)(5)(7)22
Comprehensive loss, net of tax, attributable to parent:(2,989)(3,791)(5,662)(6,809)(3,820)

Statements sources

The financial statements are based on the company's filings with the 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.

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