---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-004772"
form_type: "8-K"
ticker: "IVDA"
cik: "0001397183"
company_name: "Iveda Solutions, Inc."
filed_at: "2025-04-15T23:59:59+00:00"
generated_at: "2026-05-23T14:24:51.782212+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Iveda Solutions restates 2023 & 2024 financials; net losses increase by $1.4M-$1.6M

## Summary
- Restatement due to multiple errors including improper capitalization of software dev costs, deferred tax asset write-off, and intercompany payable.
- Net loss for nine months ended Sep 30, 2023 restated to $2.68M from $2.14M; loss per share changed from $0.13 to $0.27.
- Net loss for nine months ended Sep 30, 2024 restated to $2.47M from $2.16M; loss per share went from $0.13 to $1.24.
- Former auditor BF Borgers banned by SEC; company engaged Weinberg & Co to re-audit 2023 and 2024 financials.

## SEC filing metadata
- accession: 0001641172-25-004772
- form_type: 8-K
- ticker: IVDA
- cik: 0001397183
- company_name: Iveda Solutions, Inc.
- filed_at: 2025-04-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1397183/000164117225004772/0001641172-25-004772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1397183/000164117225004772/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-004772
- JSON: https://secwatch.observer/filing/0001641172-25-004772.json
- Plain text: https://secwatch.observer/filing/0001641172-25-004772.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.