v3.25.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE    
TOTAL REVENUE $ 6,020,639 $ 6,495,865
COST OF REVENUE 4,719,005 5,428,261
GROSS PROFIT 1,301,634 1,067,604
OPERATING EXPENSES    
General & Administrative 5,008,587 4,311,367
Research and Development 363,350 797,112
Total Operating Expenses 5,371,937 5,108,479
LOSS FROM OPERATIONS (4,070,303) (4,040,875)
OTHER INCOME (EXPENSE)    
Miscellaneous Income (Expense) 34,323 (28,099)
Loss from investment in Iveda Phils JV (180,000)
Interest Income 113,728 131,870
Interest Expense (26,183) (7,254)
Total Other Income (Expense) 121,868 (83,483)
LOSS BEFORE INCOME TAXES (3,948,435) (4,124,358)
BENEFIT (PROVISION) FOR INCOME TAXES (32,385) (18,308)
NET LOSS $ (3,980,820) $ (4,142,666)
BASIC LOSS PER SHARE $ (1.81) $ (2.07)
DILUTED LOSS PER SHARE $ (1.81) $ (2.07)
BASIC WEIGHTED AVERAGE SHARES 2,203,893 1,996,678
DILUTED WEIGHTED AVERAGE SHARES 2,203,893 1,996,678
Equipment Sales [Member]    
REVENUE    
TOTAL REVENUE $ 5,592,395 $ 6,052,298
Service Revenue [Member]    
REVENUE    
TOTAL REVENUE 428,244 443,567
Other Revenue [Member]    
REVENUE    
TOTAL REVENUE