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SHORT-TERM AND LONG-TERM DEBT (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
SCHEDULE OF SHORT-TERM DEBT | The short-term debt balances were as follows: SCHEDULE OF SHORT-TERM DEBT
|  | December 31, 2024 |  |  | December 31, 2023 |
Loan from Shanghai Commercial Bank at 3.1%-3.2% interest rate per annum. Due originally in January 2025 and subsequently replaced with a new loan which matures January 2026. |  | $ | 183,011 |  |  | $ | 88,032 |
Loan from HuaNam Bank at 3.4% interest rate per annum. Due in June 2025. |  |  | 91,505 |  |  |  | 97,777 |
Loan from ChangHwa Bank at 3% -3.3% interest rate per annum. Due in May 2025. |  |  | 152,509 |  |  |  | 162,962 |
Balance at end of period |  | $ | 427,025 |  |  | $ | 348,771 |
SCHEDULE OF LONG-TERM DEBT | The Long-term debt balances were as follows: SCHEDULE OF LONG-TERM DEBT
Loans from Shanghai Commercial Bank with interest rates 2.1% per annum due January 2029 (1) |  | $ | 498,195 |  |  | $ | - |
Current Portion of Long-term debt |  |  | (122,007 | ) |  |  | - |
Balance at end of period |  | $ | 376,188 |  |  | $ | - |
SCHEDULE OF MINIMUM PAYMENT OF LONG TERM DEBT | SCHEDULE OF MINIMUM PAYMENT OF LONG TERM DEBT
2025 |  | $ | 122,007 |
2026 |  |  | 122,007 |
2027 |  |  | 122,007 |
2028 |  |  | 122,007 |
Thereafter |  |  | 10,167 |
Total |  | $ | 498,195 |
| (1) | On January 24, 2024, the Company received a facility notice from Shanghai Commercial Bank, granting a revolving loan facility totaling up to TWD 10,000,000 (approximately $300,000 USD) and term loan facility amounting of TWD 20,000,000 (approximately ($600,000 USD). The term for the revolving loan is 1 year and for the term loan is 5 years. The 5 year term loan requires monthly payments including interest and principle, and the revolving loan requires a full principal repayment at the maturity date. The short-term Shanghai Commercial Bank loan is 75% securitized by the government guarantee fund called SME credit guarantee fund and 10% by saving deposit security. The guarantors of this loan are Mr. Siu and Mr. Cheung, who are both part of Iveda Taiwan’s management team.

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