Issue 002 | U.S. Pilot | US

IVDA

Iveda Solutions, Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-15 Filing currency: USD

Open Filing Back to Register Report a correction

Internal NCAV Discount 45.5%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets: 7,525,946USD
Total Liabilities: 1,994,232USD
NCAV: 5,531,714USD
Cash: 5,632,622USD
NCAV per share: 0.48USD/share
Evidence: 10 annual | 24 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Not captured in this issue’s Mary run.

This archived issue is not backfilled with observations from a later screening run.

Business Profile

Published only when a substantive filing-text profile has been prepared for this issue.

Not available for this issue.

A substantive filing-text profile was not prepared for this company. Financial statement evidence and filing links remain available above for direct inspection.

Historical values can be viewed as reported in each filing or normalized to the latest verified split basis. These are measurement aids, not conclusions about a company.

Policy: normalize_to_latest_verified_split_basis | quality: verified

Display basis Normalized to latest verified split basis As reported in each filing

Metric	2026-03-31 10-Q Open filing	2025-12-31 10-K Open filing	2025-09-30 10-Q Open filing	2025-06-30 10-Q Open filing	2025-03-31 10-Q Open filing	2024-12-31 10-K Open filing	2024-09-30 10-Q Open filing	2024-06-30 10-Q Open filing	2024-03-31 10-Q Open filing	2023-12-31 10-K Open filing	2023-09-30 10-Q Open filing	2023-06-30 10-Q Open filing	2023-03-31 10-Q Open filing	2022-12-31 10-K Open filing	2022-09-30 10-Q Open filing	2022-06-30 10-Q Open filing	2022-03-31 10-Q Open filing	2021-12-31 10-K Open filing	2021-09-30 10-Q Open filing	2015-12-31 10-K Open filing	2014-12-31 10-K Open filing	2013-12-31 10-K Open filing	2012-12-31 10-K Open filing	2011-12-31 10-K Open filing
Period-end Shares Outstanding	11,594,02711,594,027	5,879,7415,879,741	4,457,4444,457,444	2,906,7262,906,726	2,808,0712,808,071	2,808,0712,808,071	2,408,0712,408,071	2,033,73616,269,891	2,021,23616,169,891	2,021,23616,169,891	2,008,73616,069,891	2,001,58016,012,639	2,001,58016,012,639	1,883,34215,066,739	1,459,65811,677,265	1,459,65811,677,265	1,445,20611,561,647	9,668,36977,346,950	1,157,34874,070,292	436,04327,906,739	426,69327,308,357	417,53126,722,012	319,65720,458,048	281,74618,031,729
Weighted-average Basic Shares	8,927,3608,927,360	3,640,6153,640,615	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	1,936,21115,489,689	1,605,85612,846,848	1,870,84214,966,739	1,459,65811,677,265	1,209,0649,672,508	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Weighted-average Diluted Shares	8,927,3608,927,360	3,640,6153,640,615	3,045,7533,045,753	2,837,2262,837,226	2,808,0712,808,071	2,203,8932,203,893	2,115,3072,115,307	2,030,40316,243,225	2,021,23616,169,891	1,996,67815,973,422	1,998,73615,989,891	1,992,65815,941,265	1,911,21115,289,689	1,605,07512,840,598	n/an/a	1,334,58110,676,647	1,209,0649,672,508	8,940,36871,522,940	1,087,21369,581,603	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic EPS	-0-0	-1-1	-1-1	-0-0	-0-0	-2-2	-1-1	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	n/an/a	-0-0	-0-0	n/an/a	n/an/a
Diluted EPS	-0-0	-1-1	-1-1	-0-0	-0-0	-2-2	-1-1	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	-0-0	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a	n/an/a
Basic-to-Diluted Share Difference	0.0%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	-1.3%	-0.0%	Insufficient evidence	-8.6%	0.0%	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence	Insufficient evidence
Net Share Count Change	97.2%	31.9%	53.3%	3.5%	0.0%	16.6%	18.4%	0.6%	0.0%	0.6%	0.4%	0.0%	6.3%	29.0%	0.0%	1.0%	-85.1%	735.4%	165.4%	2.2%	2.2%	30.6%	13.5%	Insufficient evidence
Ownership Claim Change	-49.3%	-24.2%	-34.8%	-3.4%	0.0%	-14.2%	-15.5%	-0.6%	0.0%	-0.6%	-0.4%	0.0%	-5.9%	-22.5%	0.0%	-1.0%	569.0%	-88.0%	-62.3%	-2.1%	-2.1%	-23.4%	-11.9%	Insufficient evidence

Verified split events: reverse 8.0 on 2022-03-31; reverse 8.0 on 2024-09-17

Known Unknowns

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric	2025-12-31 10-K USD	2024-12-31 10-K USD	2023-12-31 10-K USD	2022-12-31 10-K USD	2021-12-31 10-K USD	2015-12-31 10-K USD	2014-12-31 10-K USD	2013-12-31 10-K USD	2012-12-31 10-K USD	2011-12-31 10-K USD
Revenue	5,280,312	6,020,639	6,495,865	4,468,279	1,917,848	3,071,612	2,185,743	3,345,217	3,608,998	2,818,729
Operating Income	-3,226,896	-4,070,303	-3,410,949	-3,329,320	-2,725,349	-3,336,960	-4,959,684	-6,799,815	-3,844,952	-4,385,458
Net Income	-3,198,112	-3,980,820	-3,235,124	-3,345,270	-2,998,644	-3,785,014	-5,657,173	-6,801,714	-3,841,927	-4,463,051
Cash From Operations	-2,027,501	-4,419,748	-2,604,645	-5,408,720	-1,972,093	-2,663,224	-5,030,764	-3,611,416	-3,327,703	-2,108,913
Capex	-2,608	-2,608	-878,205	-14,165	-24,513	-27,442	-268,650	-157,230	-338,825	-153,568
Free Cash Flow	-2,030,109	-4,422,356	-3,482,850	-5,422,885	-1,996,606	-2,690,666	-5,299,414	-3,768,646	-3,666,528	-2,262,481
Cash And Equivalents	5,156,252	2,629,287	4,754,597	7,312,095	1,385,275	206,925	87,900	559,729	114,462	850,364
Accounts Receivable	256,699	1,277,635	281,049	1,222,690	492,752	996,566	358,804	372,587	1,958,799	942,879
Inventory	235,958	148,120	324,515	526,470	344,654	176,910	387,918	331,437	123,021	80,033
Total Current Assets	6,155,559	5,026,415	5,925,520	9,562,772	2,676,026	1,990,677	2,461,376	2,719,646	3,289,216	2,408,907
Total Assets	6,427,790	5,179,516	7,261,430	9,863,070	2,987,634	2,448,818	3,484,874	3,679,246	4,919,484	3,881,374
Total Current Liabilities	1,267,292	2,297,889	1,458,858	2,102,544	3,426,110	3,425,123	3,968,365	2,722,953	3,671,222	1,431,894
Total Liabilities	1,648,028	2,674,077	1,458,858	2,293,320	3,764,913	4,078,365	4,241,266	3,157,437	3,738,917	1,442,358
Shareholders Equity	4,779,762	2,505,439	5,802,572	7,569,750	-777,279	-1,629,547	-756,392	521,809	1,180,567	2,439,016
Shares Outstanding	11,139,740	2,808,071	2,021,236	2,001,580	1,208,546	436,043	426,693	418,078	353,298	281,746
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	3,640,615	2,203,893	1,996,678	1,605,856	1,117,546	430,765	422,726	386,499	298,083	247,582
Weighted Avg Shares Basic	3,640,615	2,203,893	1,996,678	1,605,856	1,117,546	430,765	422,726	386,499	298,083	247,582
Net Share Count Change (Normalized)	31.9%	16.6%	0.6%	29.0%	735.4%	2.2%	2.2%	30.6%	13.5%	Insufficient evidence
Ownership Claim Change (Normalized)	-24.2%	-14.2%	-0.6%	-22.5%	-88.0%	-2.1%	-2.1%	-23.4%	-11.9%	Insufficient evidence

Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Metric	2026-03-31 10-Q USD	2025-12-31 10-K USD	2025-12-31 10-K USD	2025-09-30 10-Q USD	2025-06-30 10-Q USD	2025-03-31 10-Q USD	2024-12-31 10-K USD	2024-12-31 10-K USD	2024-09-30 10-Q USD	2024-06-30 10-Q USD	2024-03-31 10-Q USD	2023-12-31 10-K USD	2023-12-31 10-K USD	2023-09-30 10-Q USD	2023-06-30 10-Q USD	2023-03-31 10-Q USD	2022-12-31 10-K USD	2022-09-30 10-Q USD	2022-06-30 10-Q USD	2022-03-31 10-Q USD	2021-12-31 10-K USD	2021-12-31 10-K USD	2021-09-30 10-Q USD	2016-06-30 10-Q USD
Revenue	1,494,174	626,042	626,042	1,651,787	1,527,907	1,474,576	1,741,656	1,741,655	2,398,163	1,534,055	346,766	1,026,172	1,026,172	872,762	2,391,767	2,205,164	2,118,811	1,467,199	651,412	230,857	n/a	755,255	411,452	338,624
Operating Income	-565,702	-1,644,675	-1,644,674	-214,303	-532,360	-835,559	-1,793,293	-1,793,293	-601,837	-514,190	-1,160,983	-1,132,891	-1,132,891	-906,849	-820,251	-550,958	-942,230	-677,286	-1,058,188	-651,616	n/a	-1,292,283	-424,151	-442,075
Net Income	-532,831	-1,618,887	-1,618,887	-221,304	-564,249	-793,672	-1,823,333	-1,823,333	-555,011	-494,278	-1,108,198	-1,098,671	-1,098,670	-828,818	-757,373	-550,263	-946,939	-666,633	-1,064,900	-666,798	n/a	-1,485,660	-453,431	-476,709
Cash From Operations	-927,120	-252,421	-252,421	-317,006	-1,332,108	-125,966	-1,215,979	-1,215,979	-1,199,829	-891,865	-1,112,075	-739,303	-739,303	-2,716,459	678,554	172,563	-2,112,542	-1,113,062	-1,412,892	-770,224	n/a	n/a	n/a	-263,818
Capex	n/a	n/a	n/a	n/a	n/a	n/a	7	7	300,111	-114,326	-188,400	-240,159	-240,159	-198,338	-263,552	-176,156	-8,981	-3,220	2,732	-4,696	n/a	n/a	n/a	n/a
Free Cash Flow	n/a	n/a	n/a	n/a	n/a	n/a	-1,215,972	-1,215,972	-899,718	-1,006,191	-1,300,475	-979,462	-979,462	-2,914,797	415,002	-3,593	-2,121,523	-1,116,282	-1,410,160	-774,920	n/a	n/a	n/a	n/a
Cash And Equivalents	5,632,622	5,156,252	5,156,252	3,298,474	1,592,209	2,490,482	2,629,287	2,629,287	3,598,012	2,857,423	3,899,152	4,754,597	4,754,597	5,565,074	8,601,307	8,379,854	7,312,095	10,555,733	6,197,455	746,931	1,385,275	1,385,275	1,231,434	959,533
Total Current Assets	7,525,946	6,155,559	6,155,559	5,481,219	4,084,903	4,212,653	5,026,415	5,026,415	7,633,861	5,329,643	5,278,820	5,925,520	5,925,520	6,939,493	9,502,695	9,565,852	9,562,772	12,142,677	7,328,114	1,794,290	2,676,026	2,676,026	2,440,674	1,921,703
Total Liabilities	1,994,232	1,648,028	1,648,028	2,010,137	2,909,310	2,827,438	2,674,077	2,674,077	3,530,848	2,519,257	1,957,208	1,458,858	1,458,858	1,338,453	2,697,789	1,717,269	2,293,320	4,009,076	3,020,755	3,931,652	n/a	3,764,913	4,336,524	4,434,089
Shares Outstanding	11,594,027	5,879,741	11,139,740	5,874,741	2,906,726	2,808,071	2,808,071	2,808,071	2,658,071	2,033,736	2,033,736	16,169,891	2,021,236	2,008,736	2,001,580	2,001,580	2,001,580	1,459,658	1,459,658	1,445,206	77,346,950	9,668,369	1,179,387	489,079
Shares Outstanding Diluted	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Weighted Avg Shares Diluted	8,927,360	3,640,615	5,844,579	3,045,753	2,837,226	2,808,071	2,203,893	2,203,893	2,115,307	2,030,403	2,021,237	15,973,422	2,057,747	2,005,159	1,992,658	1,936,211	1,873,645	1,870,842	1,459,658	1,209,064	71,522,940	20,039,067	1,069,679	457,302
Weighted Avg Shares Basic	8,927,360	3,640,615	5,844,579	3,045,753	2,837,226	2,808,071	2,203,893	2,203,893	2,115,307	2,030,403	2,021,237	15,973,422	2,057,747	2,005,159	1,992,658	1,936,211	1,873,645	1,870,842	1,459,658	1,209,064	8,940,367	20,039,067	1,069,679	457,302
Net Share Count Change (Normalized)	97.2%	31.9%	31.9%	53.3%	3.5%	0.0%	16.6%	16.6%	18.4%	0.6%	0.0%	0.6%	0.6%	0.4%	0.0%	6.3%	29.0%	0.0%	1.0%	-85.1%	735.4%	735.4%	165.4%	Insufficient evidence
Ownership Claim Change (Normalized)	-49.3%	-24.2%	-24.2%	-34.8%	-3.4%	0.0%	-14.2%	-14.2%	-15.5%	-0.6%	0.0%	-0.6%	-0.6%	-0.4%	0.0%	-5.9%	-22.5%	0.0%	-1.0%	569.0%	-88.0%	-88.0%	-62.3%	Insufficient evidence

Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input	Value	Source concept	Filing period	Confidence	Provenance
Current Assets	7,525,946USD	us-gaap:AssetsCurrent	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json
Total Liabilities	1,994,232USD	us-gaap:Liabilities	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json
Cash	5,632,622USD	us-gaap:CashAndCashEquivalentsAtCarryingValue	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json
Shares Outstanding	11,594,027	us-gaap:CommonStockSharesOutstanding	2026-03-31	1.00	Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json Data Vault \| sec/companyfacts/cik=0001397183/companyfacts.json
NCAV	5,531,714USD	derived	2026-03-31	n/a	company-evidence-v1 \| total_current_assets - total_liabilities
NCAV per share	0.48USD	derived	2026-03-31	n/a	company-evidence-v1 \| NCAV / shares_outstanding
Internal NCAV Discount	45.5%	derived	2026-03-31	n/a	gnni_publication_pack \| internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source: Data Vault
Data Vault Root: Local evidence | The Data Vault
CIK: 0001397183
Company ID: n/a
Selected Annual Source: Data Vault | sec/companyfacts/cik=0001397183/companyfacts.json
Selected Quarterly Source: Data Vault | sec/companyfacts/cik=0001397183/companyfacts.json
Statement Extractor: companyfacts-screener-v1
View Extractor: companyfacts-screener-v1
Source Accession Count: 26
Imported At: 2026-08-09T01:57:37+00:00
Rendered At: 2026-08-16T03:29:43+00:00

Run Audit

Mary Run: f75c5d221f074da8a489fba328e8ef51
Mary As Of: 2026-07-18
Accession: 0001493152-26-023706
CIK: 0001397183
Mary Filing Date: 2026-05-15
Filing Currency: USD
Internal Discount: 45.5%
Source State: Verified
Market Context: Not Displayed
Market Policy: internal_only_not_redistributed
Share Trend: Not Evaluated
Dilution: Needs Review

mary_run=f75c5d221f074da8a489fba328e8ef51; mary_as_of=2026-07-18; mary_filing_date=2026-05-15; mary_accession=0001493152-26-023706; mary_cik=0001397183; gnni_supporting_filing_date=2026-05-15; internal_discount=0.455061; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

Back to Register Report a correction Archive