Iveda Solutions (OTC BB:IVDA)

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All Comments & Business Outlook Deal Flow

Friday, May 17, 2013

Comments & Business Outlook

IVEDA SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2013 AND 2012

	Three Months Ended March 31, 2013			Three Months Ended March 31, 2012
	(unaudited)			(unaudited)

REVENUE
Equipment Sales	$	435,833		$	500,865
Service Revenue		169,009			194,369
Other Revenue		10,380			15,591

TOTAL REVENUE		615,222			710,825

COST OF REVENUE		564,948			535,108

GROSS PROFIT		50,274			175,717

OPERATING EXPENSES		1,271,083			960,428

LOSS FROM OPERATIONS		(1,220,809	)		(784,711	)

OTHER INCOME (EXPENSE)
Foreign Currency Gain (Loss)		(189	)		-
Loss from conversion of debt		(16,500	)
Interest Income		-			60
Interest Expense		(18,730	)		(10,490	)
Total Other Income (Expense)		(35,419	)		(10,430	)

LOSS BEFORE INCOME TAXES		(1,256,228	)		(795,141	)

BENEFIT FOR INCOME TAXES		-			-

NET LOSS	$	(1,256,228	)	$	(795,141	)

BASIC AND DILUTED LOSS PER SHARE	$	(0.06	)	$	(0.04	)

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Monday, August 6, 2012

Deal Flow

Item 3.02

Unregistered Sales of Equity Securities.

On July 30, 2012, Iveda Solutions, Inc. (the “Company”) issued 1,000,000 shares of its common stock in a private placement to a certain investor for the purchase price of $1.00 per share, or an aggregate purchase price of $1,000,000. The offer and sale of the Company’s common stock in the private placement was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, and Rule 506 of Regulation D promulgated thereunder. The facts relied upon by the Company to use this exemption were the following: (a) the Company did not use general solicitation or advertising to market the securities; (b) the investor represented to the Company that the investor met the criteria of an “accredited investor” as defined in Rule 501 of Regulation D under the Securities Act; and (c) the Company informed the investor that it would receive “restricted securities.”

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Wednesday, March 7, 2012

Comments & Business Outlook

IVEDA SOLUTIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2011 AND 2010

	Three Months			Three Months			Nine Months			Nine Months
	Ended September 30, 2011			Ended September 30, 2010			Ended September 30, 2011			Ended September 30, 2010
	(unaudited)			(unaudited)			(unaudited)			(unaudited)

REVENUE	$	588,339		$	182,416		$	1,447,410		$	488,600

COST OF REVENUE		472,211			115,817			1,110,875			337,425

GROSS PROFIT		116,128			66,599			336,535			151,175

OPERATING EXPENSES		778,287			604,597			2,611,916			1,630,024

LOSS FROM OPERATIONS		(662,159	)		(537,998	)		(2,275,381	)		(1,478,849	)

OTHER INCOME (EXPENSE)
Miscellaneous Income (Expense)		968			-			1,615			-
Interest Income		40			302			525			933
Interest Expense		(1,503	)		(1,760	)		(21,808	)		(13,003	)
Total Other Income (Expense)		(495	)		(1,458	)		(19,668	)		(12,070	)

LOSS BEFORE INCOME TAXES		(662,654	)		(539,456	)		(2,295,049	)		(1,490,919	)

BENEFIT FOR INCOME TAXES		-			-			4,887			-

NET LOSS	$	(662,654	)	$	(539,456	)	$	(2,290,162	)	$	(1,490,919	)

BASIC AND DILUTED LOSS PER SHARE	$	(0.04	)	$	(0.04	)	$	(0.15	)	$	(0.10	)

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Monday, February 13, 2012

Comments & Business Outlook

MESA, AZ, Jan 11 (MARKET WIRE) -- Iveda Solutions, Inc. (OTCBB: IVDA) announced today that MEGAsys, its subsidiary in Taiwan, was awarded a remote digital video recording systems engineering contract by the New Taipei City Police Department. The award is worth NT$ 66,511,768 (approximately US$2.2 million) over the contract period. The New Taipei City Police Department project commences on January 13th and is expected to be completed in June 2012.

"This is a great way to start the New Year and I am proud of our team in Taiwan. We anticipate similar SafeCiti(TM) deployments in the U.S. and Latin America this year to leverage our successes in Asia," said David Ly, president and CEO of Iveda Solutions.

The project includes new cameras and existing camera integration, fiber network, city-wide camera and network engineering and design, field construction, and utilizing an existing NVR system.

"We have seen a high demand for salvaging existing infrastructure as cities around the world experience dwindling resources while the need for enhanced public safety and security is on the rise. Iveda Solutions' cloud centralization of traditional isolated and detached video systems has enhanced utilization and improved capabilities for police work," said Ly.

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