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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Schedule of Future Amortization of Trademarks

Future amortization of trademarks is as follows:

2015		$	5,000
2016			20,000
2017			20,000
2018			20,000
Thereafter			46,666
Total		$	111,666

Schedule of Net Revenue and Net Assets (liabilities) for Other Significant Geographic Regions

The net revenue and net assets (liabilities) for other significant geographic regions are as follows:

		September 30, 2015
		Net Revenue				Net Assets (Liabilities)
United States		$	201,032			$	(553,187	)
Republic of China (Taiwan)		$	1,923,726			$	(118,127	)

Schedule of Reporting Segments

Statements of operations for the three and nine months ended September 30, 2015 for each of our reporting segments are provided below.

		Three Months				Three Months				Condensed
		Ended Sept. 30, 2015				Ended Sept. 30, 2015				Consolidated
		Iveda				MEGAsys				Total
Revenue		$	52,797			$	770,577			$	823,374
Cost of Revenue			37,546				596,380				633,926
Gross Profit			15,251				174,197				189,448
Depreciation and Amortization			36,236				3,092				39,328
General and Administrative			683,358				131,914				815,272
Gain (Loss) from Operations			(704,343	)			39,191				(665,152	)
Foreign Currency Gain			929				168				1,097
Gain on Derivatives			8,792				-				8,792
Gain on Disposal of Assets, Net			4,642				-				4,642
Interest Income			6,068				(6	)			6,062
Interest Expense			(300,071	)			(9,196	)			(309,267	)
Gain (Loss) Before Income Taxes			(983,983	)			30,157				(953,826	)
Benefit (Provision) for Income Taxes			-				120				120
Net Income (Loss)		$	(983,983	)		$	30,277			$	(953,706	)

		Nine Months				Nine Months				Condensed
		Ended Sept. 30, 2015				Ended Sept. 30, 2015				Consolidated
		Iveda				MEGAsys				Total
Revenue		$	201,032			$	1,923,726			$	2,124,758
Cost of Revenue			166,589				1,460,889				1,627,478
Gross Profit			34,443				462,837				497,280
Depreciation and Amortization			137,366				11,264				148,630
General and Administrative			2,341,815				347,881				2,689,696
Gain (Loss) from Operations			(2,444,738	)			103,692				(2,341,046	)
Foreign Currency Gain			8,644				1,579				10,223
Gain on Derivatives			51,383				-				51,383
Loss on Disposal of Assets, Net			(24,812	)			-				(24,812	)
Interest Income			18,273				1,466				19,739
Interest Expense			(348,584	)			(27,609	)			(376,193	)
Gain (Loss) Before Income Taxes			(2,739,834	)			79,128				(2,660,706	)
Benefit (Provision) for Income Taxes			-				(12,733	)			(12,733	)
Net Income (Loss)		$	(2,739,834	)		$	66,395			$	(2,673,439	)

Schedule of Revenues, Additions to Long-Lived assets, Inventories and Property and Equipment for Operating Segments

Additions to long-lived assets as presented in the following table represent capital expenditures.

Inventories and property and equipment for operating segments are regularly reviewed by management and are therefore provided below.

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2015				2014				2015				2014
Revenue
United States		$	52,797			$	270,142			$	201,032			$	791,911
Republic of China (Taiwan)			770,577				218,867				1,923,726				423,224
		$	823,374			$	489,009			$	2,124,758			$	1,215,135

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2015				2014				2015				2014
Operating Earnings (Loss)
United States		$	(704,343	)		$	(1,061,072	)		$	(2,444,738	)		$	(3,856,447	)
Republic of China (Taiwan)			39,191				(67,224	)			103,692				(128,936	)
		$	(665,152	)		$	(1,128,296	)		$	(2,341,046	)		$	(3,985,383	)

		Nine Months Ended
		September 30,
		2015				2014
Property and Equipment, Net
United States		$	324,064			$	543,580
Republic of China (Taiwan)			7,049				20,966
		$	331,113			$	564,546

		Nine Months Ended
		September 30,
		2015				2014
Additions to (Deletions from) Long-Lived Assets
United States		$	(6,295	)		$	245,437
Republic of China (Taiwan)			(1,162	)			-
		$	(7,457	)		$	245,437

		Nine Months Ended
		September 30,
		2015				2014
Inventory
United States		$	247,810			$	318,560
Republic of China (Taiwan)			102,219				119,109
		$	350,029			$	437,669

		Nine Months Ended
		September 30,
		2015				2014
Total Assets
United States		$	1,110,608			$	1,583,716
Republic of China (Taiwan)			1,796,726				2,236,931
		$	2,907,334			$	3,820,647

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