IVDAW — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Results of Operations for the Six Months Ended June 30, 2026 Compared with the Six Months Ended June 30, 2025

• The table below sets forth the Net Revenue, Cost of Goods Sold, Operating Expenses, Other Income and Expenses, Tax Expense and Net Income by segment for each of the respective periods and a comparison period over period.

• Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2025

• Consolidated US Taiwan Consolidated US Taiwan Consolidated US Taiwan

• The decrease in revenue for the six months ended June 30, 2026, compared with the same period in 2025 is attributable primarily to decreased equipment sales from the US from a reduction in sales to distributors and Iveda Taiwan as a result of delivery timing related to long-term government contracts…

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• As of March 31, 2026, we had cash and cash equivalents of $5.7 million compared to $5.2 million as of December 31, 2025. This increase in our cash and cash equivalents for the three months ended March 31, 2026 is related to the sale of common stock offset by the operating losses during the three mon…

• Net cash used in operating activities during the three months ended March 31, 2026 was ($0.9) million compared to ($0.1) million net cash used during the three months ended March 31, 2025. Net cash used in operating activities for the three months ended March 31, 2026 consisted primarily of the net …

• Net cash used in investing activities for the three months ended March 31, 2026 and 2024 were negligible.

• Net cash provided by financing activities for the three months ended March 31, 2026 were $1.4 million compared with $0 million provided during the three months ended March 31, 2025. Net cash provided by financing activities in 2026 included $1.6 million from the sale of stock in a direct offering ma…

Text added vs the prior filing · source: 10-Q · 2026-08-14

• There were no changes in our internal control over financial reporting during the Three Months ended June 30, 2026, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-05-15

• Management’s Annual Report on Internal Control over Financial Reporting

• Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in the Securities  Exchange Act of 1934 Rule 13a-15(f). Our management conducted an evaluation of the effectiveness of our internal control over financial report…

• As of March 31, 2026, management assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control-Integrated Framework of 2013 issued by the Committee of Sponsoring Organizations …

• The material weaknesses identified include (i) the Company had inadequate segregation of duties consistent with control objectives and (ii) the Company had an insufficient number of personnel with an appropriate level of U.S. GAAP knowledge and experience and ongoing training in the application of U…

• We are working to remediate the deficiencies and material weaknesses. Our remediation efforts are ongoing, and we will continue our initiatives to implement and document policies, procedures, and internal controls. We have taken steps to enhance our internal control environment and plan to take addi…