Iveda Solutions Inc 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR IVEDA SOLUTIONS, INC. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or asmaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act): Yes☐No☒ IVEDA SOLUTIONS, INC. NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE MONTHS ENDING MARCH 31, 2026 AND 2025 (UNAUDITED) NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Iveda Solutions, Inc. (“Iveda”, or the “Company”) was incorporated in Nevada as Charmed Homes, Inc. in June 2006. On October 15,2009, IntelaSight, d/b/a Iveda, a Washington corporation, became a wholly owned subsidiary of the Company. In December 2010,IntelaSight merged with and into the Company and the Company became the surviving company. Iveda offered the first cloud hostingof streaming and recorded video from security cameras for its customers and real-time remote surveillance service utilizingintervention specialists to watch our customers’ cameras in real time, 24/7. Iveda offers smart city technologies globally, offering Consolidation Effective April 30, 2011, we completed our acquisition of Sole Vision Technologies (fka MEGAsys and dba Iveda Taiwan), a companybased in Taiwan. We consolidate our financial statements with the financial statements of Iveda Taiwan. All intercompany balances Liquidity The Company recorded a net loss of $0.5 million and used cash in operations of $0.9 million during the period ended March 31, 2026.During 2025, and subsequently, the Company took significant steps to raise capital to fund operations, and to reduce its historicaloperatinglosses.In accordance with Accounting Standards Codification(“ASC”)205-40,Going Concern,the Company’smanagement has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Management’s assessment whether there is sufficient cash on hand, together with expected capital raises, to assure operations for aperiod of at least twelve months from the date these financial statements are issued, is based on conditions that are known andreasonably knowable to management, considering various scenarios, projections, and estimates and certain key assumptions. These Historically, the Company has financed its operations through public and private sales of common stock, credit lines from financialinstitutions, and cash generated from operations. As we seek additional sources of financing, there can be no assurance that suchfinancing would be available to us on favorable terms or at all. Our ability to obtain additional financing in the debt and equity capital Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of Americarequires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.Accordingly, actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related Revenue and Expense Recognition The Company applies the provisions of Accounting Standards Codification (ASC) 606-10,Revenue from Contracts with Customers,and all related appropriate guidance. The Company recognizes revenue under the core principle to depict the transfer of control to itscustomers in an amount reflecting the consideration to which it expects to be entitled. In order to achieve that core principle, the The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contractswith the customer. In situations where sales are to a distributor, the Company had concluded its contracts are with the distributor as theCompany holds a contract bearing enforceable rights and obligations only with the distributor. As part of its consideration for thecontract, the Company evaluates certain factors including the cu