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

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Future Amortization of Trademarks

Future amortization of trademarks is as follows:

2016		$	10,000
2017			20,000
2018			20,000
2019			20,000
Thereafter			26,666
Total		$	96,666

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

		June 30, 2016
		Net Revenue				Net Assets (Liabilities)
United States		$	247,621			$	(1,900,840	)
Republic of China (Taiwan) MEGAsys		$	503,520			$	(138,464	)

Schedule of Reporting Segments

Statements of operations for the three and six months ended June 30, 2016 for each of our reporting segments are provided below.

		Three Months				Three Months
		Ended June 30, 2016				Ended June 30, 2016				Condensed Consolidated
		Iveda Solutions, Inc.				MEGAsys				Total
Revenue		$	120,053			$	218,571			$	338,624
Cost of Revenue			84,612				171,640				256,252
Gross Profit			35,441				46,931				82,372
Depreciation and Amortization			26,531				-				26,531
General and Administrative			426,681				71,235				497,916
Gain (Loss) from Operations			(417,771	)			(24,304	)			(442,075	)
Foreign Currency Gain			-				-				-
Gain on Derivatives			(4,272	)			-				(4,272	)
Gain on Disposal of Asses, Net			7,313				-				7,313
Interest Income			-				183				183
Interest Expense			(19,131	)			(2,016	)			(21,147	)
Gain (Loss) Before Income Taxes			(433,861	)			(26,137	)			(459,998	)
Benefit (Provision) for Income Taxes			-				(16,711	)			(16,711	)
Net Income (Loss)		$	(433,861	)		$	(42,848	)		$	(476,709	)

		Six Months				Six Months
		Ended June 30, 2016				Ended June 30, 2016				Condensed Consolidated
		Iveda				MEGAsys				Total
Revenue		$	247,621			$	503,520			$	751,141
Cost of Revenue			191,932				394,730				586,662
Gross Profit			55,689				108,790				164,479
Depreciation and Amortization			52,758				-				52,758
General and Administrative			952,190				168,446				1,120,636
Gain (Loss) from Operations			(949,259	)			(59,656	)			(1,008,915	)
Foreign Currency Gain			-				-				-
Gain on Derivatives			(1,077	)			-				(1,077	)
Loss on Disposal of Assets, Net			8,965				-				8,965
Interest Income			-				204				204
Interest Expense			(38,675	)			(3,344	)			(42,019	)
Gain (Loss) Before Income Taxes			(980,046	)			(62,796	)			(1,042,842	)
Provision for Income Taxes			-				(16,711	)			(16,711	)
Net Income (Loss)		$	(980,046	)		$	(79,507	)		$	(1,059,553	)

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

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

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2016				2015				2016				2015
Revenue
United States		$	120,053			$	48,912			$	247,621			$	148,235
Republic of China (Taiwan)			218,571				726,649				503,520				1,153,149
		$	338,624			$	775,561			$	751,141			$	1,301,384

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2016				2015				2016				2015
Operating Earnings (Loss)
United States		$	(417,771	)		$	(845,216	)		$	(949,259	)		$	(1,740,396	)
Republic of China (Taiwan)			(24,304	)			18,132				(59,656	)			64,501
		$	(442,075	)		$	(827,084	)		$	(1,008,915	)		$	(1,675,895	)

		Six Months Ended
		June 30,
		2016				2015
Property and Equipment, Net
United States		$	131,721			$	354,218
Republic of China (Taiwan)			10,121				11,475
		$	141,842			$	365,693

		Six Months Ended
		June 30,
		2016				2015
Additions (Disposals) to Long-Lived Assets
United States		$	-			$	(3,883	)
Republic of China (Taiwan)			(793	)			(1,172	)
		$	(793	)		$	(5,055	)

		Six Months Ended
		June 30,
		2016				2015
Inventory, Net
United States		$	67,289			$	262,880
Republic of China (Taiwan)			112,808				157,943
		$	180,097			$	420,823

		Six Months Ended
		June 30,
		2016				2015
Total Assets
United States		$	814,458			$	1,659,937
Republic of China (Taiwan)			1,580,327				2,542,083
		$	2,394,785			$	4,202,020

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