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 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ____________ Commission File No. 001-41345 IVEDA SOLUTIONS, INC.(Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code:(480) 307-8700 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.00001 per share 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),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ 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 thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes☒No☐ 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 Rule12b-2 of the Exchange Act. (Check one): Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ 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☒ TABLE OF CONTENTS PagePART I - FINANCIAL INFORMATIONITEM 1.FINANCIAL STATEMENTS3ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS18ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK24ITEM 4.CONTROLS AND PROCEDURES24PART II - OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS25ITEM 1A.RISK FACTORS25ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS25ITEM 3.DEFAULTS UPON SENIOR SECURITIES25ITEM 4.MINE SAFETY DISCLOSURES25ITEM 5.OTHER INFORMATION25ITEM 6.EXHIBITS25SIGNATURES262 PART 1 – FINANCIAL INFORMATION IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) For the ThreeMonths endedMarch 31, 2026For the ThreeMonths endedMarch 31, 2025 IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(UNAUDITED) For the ThreeMonths endedMarch 31, 2026For the ThreeMonths endedMarch 31, 2025 IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(UNAUDITED) IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE THREE MONTHS ENDING MARCH 31, 2026 AND 2025 (UNAUDITED) IVEDA SOLUTIONS, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUEDFOR THE THREE MONTHS ENDING MARCH 31, 2026 AND 2025 (UNAUDITED) See accompanying Notes to Unaudited Condensed Consolidated Financial Statements. 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, offeringadvanced AI-driven video surveillance solutions and a robust suite of Internet of Things (IoT) platforms that power digitaltransformation for cities and commercial clients worldwide. 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 balancesand transactions have been eliminated in consolidation. Liquidity The Company recorded a net loss of $0.5 million and used ca