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BUSINESS COMBINATION
 3 Months Ended
Mar. 31, 2013
Business Combinations [Abstract]  
Business Combination Disclosure [Text Block]
NOTE 7   BUSINESS COMBINATION 

 

The following is the unaudited pro forma condensed consolidated financial statement of Iveda Solutions, Inc. and MegaSys, as though the acquisition of MegaSys had been completed as of the beginning of the comparable annual reporting period for the three-month period ended March 31, 2013 and the three-month period ended March 31, 2012, for comparability purposes.

 

    Three Months Ended  
    March 31,  
    2013     2012  
Total  Revenues   $ 615,222     $ 710,825  
Total Net Expenses     1,871,450       1,505,966  
                 
Income (loss) before income taxes     (1,256,228 )     (795,141 )
Income tax provision     -       -  
                 
Net income (loss)   $ (1,256,228 )   $ (795,141 )
                 
Net income (loss) per share — basic and diluted   $ (0.06 )   $ (0.04 )