Iveda Solutions (IVDA) 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 08, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'Iveda Solutions, Inc.	'
Entity Central Index Key	'0001397183	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'IVDA	'
Entity Common Stock, Shares Outstanding	'	26,437,466
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and Cash Equivalents	$1,082,353	$114,462
Restricted Cash	883,630	447,206
Accounts Receivable, net	508,136	1,958,799
Inventory	208,133	123,021
Other Current Assets	391,007	645,728
Total Current Assets	3,073,259	3,289,216
PROPERTY AND EQUIPMENT, Net	451,211	516,981
OTHER ASSETS	'	'
Intangible Assets, Net	151,666	166,666
Goodwill	841,000	841,000
Other Assets	104,026	105,621
Total Other Assets	1,096,692	1,113,287
Total Assets	4,621,162	4,919,484
LIABILITIES AND STOCKHOLDERS’ EQUITY	'	'
Accounts and Other Payables	1,793,682	2,456,788
Due to Related Parties, net of debt discount	100,000	336,605
Short Term Debt	87,000	802,122
Current Portion of Long-Term Debt	185,338	75,707
Total Current Liabilities	2,166,020	3,671,222
LONG TERM DEBT	64,542	67,695
STOCKHOLDERS’ EQUITY	'	'
Preferred Stock	0	0
Common Stock	262	204
Additional Paid-In Capital	21,754,820	16,204,068
Accumulated Comprehensive Income (Loss)	-24,997	-23,629
Accumulated Deficit	-19,339,485	-15,000,076
Total Stockholders’ Equity	2,390,600	1,180,567
Total Liabilities and Stockholders’ Equity	$4,621,162	$4,919,484

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUE	'	'	'	'
Equipment Sales	$409,222	$212,531	$1,467,044	$1,309,495
Service Revenue	149,578	162,970	476,410	811,591
Other Revenue	10,118	5,672	34,852	31,406
TOTAL REVENUE	568,918	381,173	1,978,306	2,152,492
COST OF REVENUE	471,992	322,824	1,667,665	1,729,001
GROSS PROFIT	96,926	58,349	310,641	423,491
OPERATING EXPENSES	1,645,563	867,958	4,531,718	2,854,794
LOSS FROM OPERATIONS	-1,548,637	-809,609	-4,221,077	-2,431,303
OTHER INCOME (EXPENSE)	'	'	'	'
Foreign Currency Gain (Loss)	-8,611	-87	-9,718	-87
Loss from conversion of debt	0	0	-44,000	0
Interest Income	0	6	997	545
Interest Expense	-16,221	-24,414	-65,611	-46,738
Total Other Income (Expense)	-24,832	-24,495	-118,332	-46,280
LOSS BEFORE INCOME TAXES	-1,573,469	-834,104	-4,339,409	-2,477,583
BENEFIT FOR INCOME TAXES	0	0	0	0
NET LOSS	($1,573,469)	($834,104)	($4,339,409)	($2,477,583)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	($0.06)	($0.04)	($0.18)	($0.15)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net Loss	($1,573,469)	($834,104)	($4,339,409)	($2,477,583)
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustment	1,022	14,660	-7,757	21,486
Comprehensive Loss	($1,572,447)	($819,444)	($4,347,166)	($2,456,097)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net Loss	($4,339,409)	($2,477,583)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities	'	'
Depreciation and Amortization	169,164	181,456
Loss from Conversion of Debt	44,000	0
Stock Compensation	126,813	96,573
Common Stock Issued for Services	222,206	110,562
(Increase) Decrease in Operating Assets:	'	'
Accounts Receivable	1,410,678	245,307
Inventory	-86,424	-24,686
Other Current Assets	56,312	-243,041
Accounts and Other Payables	-438,889	-113,204
Net cash used in operating activities	-2,835,549	-2,224,616
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchase of Property and Equipment	-89,897	-387,064
Net cash used in investing activities	-89,897	-387,064
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Changes in Restricted Cash	-441,724	-46,903
Proceeds from (Payments on) Short-Term Notes Payable/Debt	-586,514	431,662
Proceeds from Exercise of Stock Options	244,574	0
Proceeds from (Payments to) Related Parties	-236,605	352,892
Proceeds from (Payments on) Long-Term Debt	0	-35,839
Payments on Capital Lease Obligations	-6,987	-8,561
Common Stock Issued, net of Cost of Capital	4,913,216	1,797,021
Net cash provided by financing activities	3,885,960	2,490,272
EFFECT OF EXCHANGE RATE CHANGES ON CASH	7,377	16,731
NET INCREASE IN CASH AND CASH EQUIVALENTS	967,891	-104,677
Cash and Cash Equivalents - Beginning of Period	114,462	850,364
CASH AND CASH EQUIVALENTS - END OF PERIOD	1,082,353	745,687
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Interest Paid	$66,203	$46,738

BASIS_OF_PRESENTATION_AND_SUMM

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	NOTE 1	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	These statements should be read in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2012. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted. The operating results and cash flows for the nine-month period ended September 30, 2013, are not necessarily indicative of the results that will be achieved for the full fiscal year ending December 31, 2013 or for future periods.
	The accompanying condensed consolidated financial statements have been prepared without audit and reflect all adjustments, consisting of normal recurring adjustments, which are, in the opinion of management, necessary for a fair statement of financial position and the results of operations for the interim periods. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Estimates are used for, but not limited to, the accounting for the allowance for doubtful accounts, impairment costs, depreciation and amortization, sales returns and discounts, warranty costs, uncertain tax positions and the recoverability of deferred tax assets, stock compensation, contingencies and the fair value of assets and liabilities disclosed. Actual results and outcomes may differ from management’s estimates and assumptions. The statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures, normally included in financial statements prepared in accordance with GAAP, have been condensed or omitted pursuant to such SEC rules and regulations.
	The balance sheet at December 31, 2012 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements.
	Consolidation
	Effective April 30, 2011, Iveda Solutions, Inc. (the “Company”) completed its acquisition of Sole Vision Technologies (dba “MegaSys”), a company based in Taiwan. The consolidated financial statements include the accounts of the Company and MegaSys. All intercompany balances and transactions have been eliminated in consolidation.
	Going Concern
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Since inception, the Company has generated an accumulated deficit from operations of approximately $19.3 million at September 30, 2013 and has used approximately $2.8 million in cash from operations through the current nine months ended September 30, 2013. As a result, a risk exists regarding our ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from this uncertainty.
	A multi-step plan was adopted by management to enable the Company to continue to operate and begin to report operating profits. The highlights of that plan are:
	⋅      The Company is seeking additional financing and has engaged an investment bank to serve as placement agent.  The financing may be in the form of sales of equity securities, debt convertible into equity securities and non-convertible debt, which may either be secured or unsecured.
	⋅     In the third quarter of 2013, the Company launched two new camera lines in collaboration with MegaSys, its Taiwan subsidiary and Industrial Technology Research Institute (ITRI), its nonprofit research and development partner in Taiwan. These products are enablers of the Company’s video hosting services.
	⋅     The Company has also recently developed two other standalone services:
	o   IvedaMobile–a cloud-hosting service that turns any smartphone or tablet into a mobile, cloud video streaming device. This was developed with ITRI.
	o   IvedaXchange – In collaboration with a technology partner, the Company developed a real-time situational awareness dashboard to enable organizations instant access to vital and filtered information such as emergency situations, location of critical assets, video monitoring, and local news. IvedaXchange is well-suited for law enforcement agencies and schools.
	⋅     The Company launched a new website to highlight new products and services with corresponding applications.
	⋅     The Company launched a second website allowing for direct web-sales, geared toward the residential and small-to-medium sized businesses.
	⋅     The Company intends to continue to participate in industry and vertical tradeshows to launch new products, generate leads, solicit resellers and other sales channels, and identify potential technology partners.
	⋅     The Company intends to continue advertising on selected trade magazines and running Google Adwords to generate leads.
	⋅     The Company has evaluated its reseller distribution channel and eliminated non-performing components of the channel.
	⋅     The Company is in active collaboration with certain telecommunications companies in other countries to resell the Company’s products and services in their respective countries.
	Concentrations
	Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable.
	Substantially all cash is deposited in two financial institutions, one in the United States and one in Taiwan. At times, amounts on deposit in the United States may be in excess of the FDIC insurance limit. Deposits in Taiwan financial institutions are insured by CDIC (Central Deposit Insurance Corporation) with maximum coverage of NTD 3 million. At times, amounts on deposit in Taiwan may be in excess of the CDIC insurance limit.
	Accounts receivable are unsecured, and the Company is at risk to the extent such amount becomes uncollectible. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. Revenue from three customers represented approximately 59% of total revenues for the nine months ended September 30, 2013, and approximately 17% of total accounts receivable at September 30, 2013.
	Intangible Assets and Goodwill
	Intangible assets consist of trademarks and other intangible assets associated with the purchase price allocation of MegaSys. Such assets are being amortized over their estimated useful lives ranging from six months to ten years. Other Intangible Assets are fully amortized as of September 30, 2013. Future amortization of Intangible Assets is as follows:
	Trademarks
	2013		$	5,000
	2014			20,000
	2015			20,000
	2016			20,000
	Thereafter			86,666
	Total		$	151,666
	Goodwill represents the excess of the purchase price of MegaSys over the net assets acquired. Goodwill is tested annually for impairment or more frequently if indicators of impairment exist.
	Fair Value of Financial Instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of September 30, 2013. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts receivable, accounts payable, accrued expenses, convertible notes and amounts due to related parties. Fair values were assumed to approximate carrying values for these financial instruments because they are short term in nature and their carrying amounts approximate fair values or they are receivable or payable on demand.
	Segment Information
	The Company conducts operations in various geographic regions outside the United States. The operations and the customer base conducted in the foreign countries are similar to the United States operations. The net revenues and net assets (liabilities) for other significant geographic regions outside the United States during the 9 months ended September 30, 2013 are as follows:
			Net Revenues		Net Assets
	United States		$	378,222	$	2,349,594
	Asia		$	1,404,127	$	41,006
	Mexico		$	195,957		-
	Furthermore, due to operations in various geographic locations, the Company is susceptible to changes in national, regional and local economic conditions, demographic trends, consumer confidence in the economy and discretionary spending priorities that may have a material adverse effect on the Company’s future operations and results.
	The Company is required to collect certain taxes and fees from customers on behalf of government agencies and remit these back to the applicable governmental agencies on a periodic basis. These taxes and fees are legal assessments to the customer, for which the Company has a legal obligation to act as a collection agent. Because the Company does not retain these taxes and fees, the Company does not include such amounts in revenue. The Company records a liability when the amounts are collected and relieves the liability when payments are made to the applicable governmental agencies.
	The Company operates as two reportable business segments in defined in ASC 280, "Segment Reporting." Each business segment has a chief operating decision maker and management personnel which review their business segment’s performance as it relates to revenue, operating profit and operating expenses.
			Three Months		Three Months		Condensed
			Ended September, 2013		Ended September 30, 2013		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	203,942	$	364,976	$	568,918
	Cost of Revenue			209,195		262,797		464,603
	Gross Profit			-5,253		102,179		96,926
	Depreciation and Amort.			53,181		2,634		55,815
	General and Administrative			1,375,451		214,297		1,589,748
	(Loss) from Operations			-1,433,885		-114,752		-1,548,637
	Foreign Currency Gain (Loss)			-8,611		-		-8,611
	Loss from the conversion of debt			-		-		-
	Interest Income			-		-		-
	Interest Expense			11,676		4,545		16,221
	(Loss) Before Income Taxes			-1,454,172		-119,297		-1,573,469
	(Provision) For Income Taxes			-		-		-
	Net Loss		$	-1,454,172	$	-119,297	$	-1,573,469
			Nine Months
			Ended September 30,		Nine Months
		2013		Ended September 30,		Condensed
		Iveda Solutions,		2013		Consolidated
		Inc.		MegaSys		Total
Revenue		$	574,179	$	1,404,127	$	1,978,306
Cost of Revenue			565,258		1,102,407		1,667,665
Gross Profit			8,921		301,720		310,641
Depreciation and Amortization			161,157		8,007		169,164
General and Administrative			3,758,437		604,117		4,362,554
(Loss) from Operations			-3,910,673		-310,404		-4,221,077
Foreign Currency Gain (Loss)			-9,718		-		-9,718
Loss from the conversion of debt			-44,000		-		-44,000
Interest Income			-		997		997
Interest Expense			51,670		13,941		65,611
(Loss) Before Income Taxes			-4,016,061		-323,348		-4,339,409
(Provision) For Income Taxes			-		-		-
Net Loss		$	-4,016,061	$	-323,348	$	-4,339,409
Revenues as shown below represent sales to external customers for each segment. Additions to long-lived assets as presented in the following table represent capital expenditures. Inventories, property and equipment for operating segments are regularly reviewed by management and are therefore provided below.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Revenues
United States		$	203,943	$	148,226	$	574,179	$	601,230
Republic of China (Taiwan)			364,975		232,947		1,404,127		1,551,262
		$	568,918	$	381,173	$	1,978,306	$	2,152,492
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Operating earnings (loss)
United States		$	-1,433,885	$	-713,160	$	-3,910,673	$	-2,216,260
Republic of China (Taiwan)			-114,752		-96,449		-310,404		-215,043
		$	-1,548,637	$	-809,609	$	-4,221,077	$	-2,431,303
		Nine Months Ended
		September 30,
		2013		2012
Property and equipment
United States		$	438,686	$	580,014
Republic of China (Taiwan)			12,525		31,095
		$	451,211	$	611,109
		Nine Months Ended
		September 30,
		2013		2012
Additions to long-lived assets
United States		$	86,868		223,705
Republic of China (Taiwan)			-1,660		11,884
		$	85,208		235,589
		Nine Months Ended
		September 30,
		2013		2012
Inventory
United States		$	51,955	$	810
Republic of China (Taiwan)			156,178		106,766
		$	208,133	$	107,576
		Nine Months Ended
		September 30,
		2013		2012
Total Assets
United States		$	2,467,126	$	1,898,479
Republic of China (Taiwan)			2,154,036		1,924,128
		$	4,621,162	$	3,822,607
Reclassification
Certain amounts in 2012 may have been reclassified to conform to the 2013 presentation.
New Accounting Pronouncements
In March 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-05, Foreign Currency Matters (Topic 830). This ASU resolve the diversity in practice about whether Subtopic 810-10, Consolidation—Overall, or Subtopic 830-30, Foreign Currency Matters—Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights)within a foreign entity. In addition, the amendments in this Update resolve the diversity in practice for the treatment of business combinations achieved in stages (sometimes also referred to as step acquisitions) involving a foreign entity. This ASU is the final version of Proposed Accounting Standards Update EITF11Ar—Foreign Currency Matters (Topic 830), which has been deleted. The amendments in this Update are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. For nonpublic entities the amendments in this Update are effective prospectively for the first annual period beginning after December 15, 2014, and interim and annual periods thereafter. The amendments should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted. Early adoption is permitted. If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity’s fiscal year of adoption.
In February 2013, FASB issued Accounting Standards Update (ASU) No. 2013-03, Financial Instruments (Topic 825). This ASU clarifies the scope and applicability of a disclosure exemption that resulted from the issuance of Accounting Standards Update No. 2011-04,Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The amendment clarifies that the requirement to disclose "the level of the fair value hierarchy within which the fair value measurements are categorized in their entirety (Level 1, 2, or 3)" does not apply to nonpublic entities for items that are not measured at fair value in the statement of financial position, but for which fair value is disclosed. This ASU is the final version of Proposed Accounting Standards Update 2013-200—Financial Instruments (Topic 825) which has been deleted. The amendments are effective upon issuance.
In February 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU improves the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in this ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP.
The new amendments will require an organization to:
	•	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period.
	•	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). A private company is required to meet the reporting requirements of the amended paragraphs about the roll forward of accumulated other comprehensive income for both interim and annual reporting periods. However, private companies are only required to provide the information about the effect of reclassifications on line items of net income for annual reporting periods, not for interim reporting periods. The amendments are effective for reporting periods beginning after December 15, 2012, for public companies and are effective for reporting periods beginning after December 15, 2013, for private companies. Early adoption is permitted.
In January 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This ASU clarifies that ordinary trade receivables and receivables are not in the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. Specifically, ASU 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the FASB Accounting Standards Codification(TM) (Codification) or subject to a master netting arrangement or similar agreement. The FASB undertook this clarification project in response to concerns expressed by U.S. stakeholders about the standard’s broad definition of financial instruments. After the standard was finalized, companies realized that many contracts have standard commercial provisions that would equate to a master netting arrangement, significantly increasing the cost of compliance at minimal value to financial statement users. An entity is required to apply the amendments in ASU 2013-01 for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the required disclosures retrospectively for all comparative periods presented. The effective date is the same as the effective date of ASU 2011-11.
In October 2012, FASB has issued Accounting Standards Update (ASU) No. 2012-04, Technical Corrections and Improvements. This ASU make technical corrections, clarifications, and limited-scope improvements to various Topics throughout the Codification. The amendments in this ASU that will not have transition guidance will be effective upon issuance for both public entities and nonpublic entities. For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013.
In August 2012, FASB has issued Accounting Standards Update (ASU) No. 2012-03, Technical Amendments and Corrections to SEC Sections. This ASU amends various SEC paragraphs pursuant to SAB 114, SEC Release No. 33-9250, and ASU 2010-22, which amend or rescind portions of certain SAB Topics.
In July 2012, the FASB has issued Accounting Standards Update (ASU) No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This ASU states that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Codification Subtopic 350-30, Intangibles-Goodwill and Other General Intangibles Other than Goodwill. Under the guidance in this ASU,an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity's financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance.

SHORTTERM_DEBT

SHORT-TERM DEBT	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Bank Loans Short-term [Text Block]	'
		NOTE 2	SHORT-TERM DEBT
	The Company has short term loans with two banks in Asia that bear interest from 3.24% to 5.82% During the third quarter, all short-term bank loans were paid off.
	Note Payable, 10% interest per annum, maturing on December 7, 2013		$	77,000
	Note Payable, 10% interest per annum, maturing on December 20, 2013			10,000
	Total Short-Term Debt		$	87,000
	The holder of the $77,000 note is entitled to subscribe for a purchase 7,000 warrant shares at an exercise price of $1.50 per share. The holder of the $10,000 note is entitled to subscribe for a purchase 909 warrant shares at an exercise price of $1.50 per share.
	During the three months ended June 30, 2013, a $50,000 debenture was converted into shares of the Company’s common stock at a price of $1.00 per share. As a result, the Company recorded a loss on conversion of debt totaling $27,500.
	During the three months ended March 31, 2013, a $45,000 note was extinguished, with $15,000 of principal being paid in cash and $30,000 of principal being converted into shares of the Company’s common stock at a price of $1.00. As a result, the Company recorded a loss from conversion of debt totaling $16,500.

EQUITY

EQUITY	9 Months Ended
	Sep. 30, 2013
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
		NOTE 3	EQUITY
	Preferred Stock
	The Company is authorized to issue 100,000,000 shares of $0.00001 par value preferred stock. No shares have been issued, and the rights and privileges of this class of stock have not been defined.
	Common Stock
	During the nine months ended September 30, 2013, the Company raised $5,459,501 in a private placement of shares ranging from $1.00 to a $1.10 per share. Costs associated with this raise totaled $540,150.
	During the nine months ended September 30, 2013, the Company issued 80,000 shares of its common stock to consultants for services. The fair market value of these shares on their respective date of issuances totaled $122,000. As a result, the Company recorded non-cash compensation expense of $122,000.
	During the nine months ended September 30, 2013, the Company issued a warrant to purchase 100,000 shares of its common stock at an exercise price of $1.65 per share. The warrant became fully vested at the time of issuance and expires ten years from the date of issuance. Using the Black Scholes pricing model, the warrant was valued at $60,075. As a result, the Company recorded non-cash compensation expense of $60,075.

STOCK_OPTION_PLAN

STOCK OPTION PLAN

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

'

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

'

NOTE 4

STOCK OPTION PLAN

The Company has also granted non-qualified stock options to employees and contractors. All non-qualified options are generally issued with an exercise price equal to the closing price of the Common Stock on the date of the grant. Options may be exercised up to ten years following the date of the grant, with vesting schedules determined by the Company upon grant. Vesting periods range from 100% fully vested upon grant to a range of four to five years. Vested options may be exercised up to three months following date of termination of the relationship. The fair values of options are determined using the Black-Scholes option-pricing model. The estimated fair value of options is recognized as an expense on the straight-line basis over the options’ vesting periods.

Stock option transactions during the nine months ended September 30, 2013 were as follows:

Nine months ended September 30, 2013

Weighted -

Average

Shares

Exercise Price

Outstanding at Beginning of Year

5,038,512

$

0.91

Granted

160,000

1.63

Exercised

-244,500

-

Forfeited or Canceled

-155,000

1.09

Outstanding at End of Period

4,799,012

0.93

Options Exercisable at Period-End

3,566,628

1.25

Weighted-Average Fair Value of Options Granted During

$

0.27

the Period

Information with respect to stock options outstanding and exercisable as of September 30, 2013 is as follows:

Options Outstanding

Options Exercisable

Number

Weighted -

Number

Outstanding

Average

Weighted -

Exercisable

Weighted -

Range of

at

Remaining

Average

At

Average

Exercise

Sept. 30,

Contractual

Exercise

Sept. 30,

Exercise

Prices

2013

Life

Price

2013

Price

$ 0.10 - $1.80

4,799,012

8.2 Years

$

0.93

3,566,628

$

1.25

The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for options granted.

2013

Expected Life

5 yrs

Dividend Yield

0

%

Expected Volatility

26.28

%

Risk-Free Interest Rate

0.85

%

Expected volatility for 2013 was estimated by using the Dow Jones U.S. Industry indexes sector classification methodology for industries similar to the Company. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the grant date. The expected life of the options is based on management’s estimate using historical experience.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 5        RELATED PARTY TRANSACTIONS
	On November 19, 2012, the Company entered into a convertible debenture agreement with Robert Gillen for $100,000. Under the original terms of the agreement, Interest is payable at 10% per annum, payable on the maturity date of May 19, 2013. The Company issued warrants to purchase 10,000 shares of the Company Stock, at an exercise price of $ 1.10. The debenture is convertible into shares of Company Common Stock on or before the Maturity Date, at a conversion rate of $1.10 per share. On May 19, 2013, the Company extended the maturity date of the convertible debenture to November 19, 2013.		100,000
	Total Due to Related Parties	$	100,000

EARNINGS_LOSS_PER_SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		NOTE 6	EARNINGS (LOSS) PER SHARE
	The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations.
	Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. The Company had net losses for the three months and nine months ended September 30, 2013 and 2012, and the effect of including dilutive securities in the earnings per common share would have been anti-dilutive. Accordingly, all options and warrants to purchase common shares (totaling 8,127,581 potential shares at September 30, 2013) were excluded from the calculation of diluted earnings per share for the three months and nine months ended September 30, 2013 and 2012.
			Three Months		Three Months		Nine Months		Nine Months
			Ending		Ending		Ending		Ending
			Sept. 30, 2013		Sept. 30, 2012		Sept. 30, 2013		Sept. 30, 2012
	Basic EPS
	Net Loss		$	-1,573,469		-834,104	$	-4,339,409		-2,477,583
	Weighted Average Shares			25,700,296		19,541,679		24,181,281		15,383,548
	Basic and Diluted Loss Per Share		$	-0.06	$	-0.04	$	-0.18	$	-0.15

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 7   SUBSEQUENT EVENTS
	In October 2013, the Company sold 100,000 shares of Company Common Stock at a purchase price of $1.10 per share and 20,000 shares at a purchase price of $1.00 in two private placement transactions with one individual and one trust.

BASIS_OF_PRESENTATION_AND_SUMM1

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Consolidation, Policy [Policy Text Block]	'
	Consolidation
	Effective April 30, 2011, Iveda Solutions, Inc. (the “Company”) completed its acquisition of Sole Vision Technologies (dba “MegaSys”), a company based in Taiwan. The consolidated financial statements include the accounts of the Company and MegaSys. All intercompany balances and transactions have been eliminated in consolidation.
Liquidity Disclosure [Policy Text Block]	'
	Going Concern
	The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Since inception, the Company has generated an accumulated deficit from operations of approximately $19.3 million at September 30, 2013 and has used approximately $2.8 million in cash from operations through the current nine months ended September 30, 2013. As a result, a risk exists regarding our ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from this uncertainty.
	A multi-step plan was adopted by management to enable the Company to continue to operate and begin to report operating profits. The highlights of that plan are:
	⋅      The Company is seeking additional financing and has engaged an investment bank to serve as placement agent.  The financing may be in the form of sales of equity securities, debt convertible into equity securities and non-convertible debt, which may either be secured or unsecured.
	⋅     In the third quarter of 2013, the Company launched two new camera lines in collaboration with MegaSys, its Taiwan subsidiary and Industrial Technology Research Institute (ITRI), its nonprofit research and development partner in Taiwan. These products are enablers of the Company’s video hosting services.
	⋅     The Company has also recently developed two other standalone services:
	o   IvedaMobile–a cloud-hosting service that turns any smartphone or tablet into a mobile, cloud video streaming device. This was developed with ITRI.
	o   IvedaXchange – In collaboration with a technology partner, the Company developed a real-time situational awareness dashboard to enable organizations instant access to vital and filtered information such as emergency situations, location of critical assets, video monitoring, and local news. IvedaXchange is well-suited for law enforcement agencies and schools.
	⋅     The Company launched a new website to highlight new products and services with corresponding applications.
	⋅     The Company launched a second website allowing for direct web-sales, geared toward the residential and small-to-medium sized businesses.
	⋅     The Company intends to continue to participate in industry and vertical tradeshows to launch new products, generate leads, solicit resellers and other sales channels, and identify potential technology partners.
	⋅     The Company intends to continue advertising on selected trade magazines and running Google Adwords to generate leads.
	⋅     The Company has evaluated its reseller distribution channel and eliminated non-performing components of the channel.
	⋅     The Company is in active collaboration with certain telecommunications companies in other countries to resell the Company’s products and services in their respective countries.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentrations
	Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents and trade accounts receivable.
	Substantially all cash is deposited in two financial institutions, one in the United States and one in Taiwan. At times, amounts on deposit in the United States may be in excess of the FDIC insurance limit. Deposits in Taiwan financial institutions are insured by CDIC (Central Deposit Insurance Corporation) with maximum coverage of NTD 3 million. At times, amounts on deposit in Taiwan may be in excess of the CDIC insurance limit.
	Accounts receivable are unsecured, and the Company is at risk to the extent such amount becomes uncollectible. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. Revenue from three customers represented approximately 59% of total revenues for the nine months ended September 30, 2013, and approximately 17% of total accounts receivable at September 30, 2013.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	'
	Intangible Assets and Goodwill
	Intangible assets consist of trademarks and other intangible assets associated with the purchase price allocation of MegaSys. Such assets are being amortized over their estimated useful lives ranging from six months to ten years. Other Intangible Assets are fully amortized as of September 30, 2013. Future amortization of Intangible Assets is as follows:
	Trademarks
	2013		$	5,000
	2014			20,000
	2015			20,000
	2016			20,000
	Thereafter			86,666
	Total		$	151,666
	Goodwill represents the excess of the purchase price of MegaSys over the net assets acquired. Goodwill is tested annually for impairment or more frequently if indicators of impairment exist.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of September 30, 2013. The respective carrying values of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, accounts receivable, accounts payable, accrued expenses, convertible notes and amounts due to related parties. Fair values were assumed to approximate carrying values for these financial instruments because they are short term in nature and their carrying amounts approximate fair values or they are receivable or payable on demand.
Segment Reporting, Policy [Policy Text Block]	'
	Segment Information
	The Company conducts operations in various geographic regions outside the United States. The operations and the customer base conducted in the foreign countries are similar to the United States operations. The net revenues and net assets (liabilities) for other significant geographic regions outside the United States during the 9 months ended September 30, 2013 are as follows:
			Net Revenues		Net Assets
	United States		$	378,222	$	2,349,594
	Asia		$	1,404,127	$	41,006
	Mexico		$	195,957		-
	Furthermore, due to operations in various geographic locations, the Company is susceptible to changes in national, regional and local economic conditions, demographic trends, consumer confidence in the economy and discretionary spending priorities that may have a material adverse effect on the Company’s future operations and results.
	The Company is required to collect certain taxes and fees from customers on behalf of government agencies and remit these back to the applicable governmental agencies on a periodic basis. These taxes and fees are legal assessments to the customer, for which the Company has a legal obligation to act as a collection agent. Because the Company does not retain these taxes and fees, the Company does not include such amounts in revenue. The Company records a liability when the amounts are collected and relieves the liability when payments are made to the applicable governmental agencies.
	The Company operates as two reportable business segments in defined in ASC 280, "Segment Reporting." Each business segment has a chief operating decision maker and management personnel which review their business segment’s performance as it relates to revenue, operating profit and operating expenses.
			Three Months		Three Months		Condensed
			Ended September, 2013		Ended September 30, 2013		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	203,942	$	364,976	$	568,918
	Cost of Revenue			209,195		262,797		464,603
	Gross Profit			-5,253		102,179		96,926
	Depreciation and Amort.			53,181		2,634		55,815
	General and Administrative			1,375,451		214,297		1,589,748
	(Loss) from Operations			-1,433,885		-114,752		-1,548,637
	Foreign Currency Gain (Loss)			-8,611		-		-8,611
	Loss from the conversion of debt			-		-		-
	Interest Income			-		-		-
	Interest Expense			11,676		4,545		16,221
	(Loss) Before Income Taxes			-1,454,172		-119,297		-1,573,469
	(Provision) For Income Taxes			-		-		-
	Net Loss		$	-1,454,172	$	-119,297	$	-1,573,469
			Nine Months
			Ended September 30,		Nine Months
			2013		Ended September 30,		Condensed
			Iveda Solutions,		2013		Consolidated
			Inc.		MegaSys		Total
	Revenue		$	574,179	$	1,404,127	$	1,978,306
	Cost of Revenue			565,258		1,102,407		1,667,665
	Gross Profit			8,921		301,720		310,641
	Depreciation and Amortization			161,157		8,007		169,164
	General and Administrative			3,758,437		604,117		4,362,554
	(Loss) from Operations			-3,910,673		-310,404		-4,221,077
	Foreign Currency Gain (Loss)			-9,718		-		-9,718
	Loss from the conversion of debt			-44,000		-		-44,000
	Interest Income			-		997		997
	Interest Expense			51,670		13,941		65,611
	(Loss) Before Income Taxes			-4,016,061		-323,348		-4,339,409
	(Provision) For Income Taxes			-		-		-
	Net Loss		$	-4,016,061	$	-323,348	$	-4,339,409
	Revenues as shown below represent sales to external customers for each segment. Additions to long-lived assets as presented in the following table represent capital expenditures. Inventories, property and equipment for operating segments are regularly reviewed by management and are therefore provided below.
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Revenues
	United States		$	203,943	$	148,226	$	574,179	$	601,230
	Republic of China (Taiwan)			364,975		232,947		1,404,127		1,551,262
			$	568,918	$	381,173	$	1,978,306	$	2,152,492
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Operating earnings (loss)
	United States		$	-1,433,885	$	-713,160	$	-3,910,673	$	-2,216,260
	Republic of China (Taiwan)			-114,752		-96,449		-310,404		-215,043
			$	-1,548,637	$	-809,609	$	-4,221,077	$	-2,431,303
			Nine Months Ended
			September 30,
			2013		2012
	Property and equipment
	United States		$	438,686	$	580,014
Republic of China (Taiwan)			12,525		31,095
		$	451,211	$	611,109
		Nine Months Ended
		September 30,
		2013		2012
Additions to long-lived assets
United States		$	86,868		223,705
Republic of China (Taiwan)			-1,660		11,884
		$	85,208		235,589
		Nine Months Ended
		September 30,
		2013		2012
Inventory
United States		$	51,955	$	810
Republic of China (Taiwan)			156,178		106,766
		$	208,133	$	107,576
		Nine Months Ended
		September 30,
		2013		2012
Total Assets
United States		$	2,467,126	$	1,898,479
Republic of China (Taiwan)			2,154,036		1,924,128
		$	4,621,162	$	3,822,607
Reclassification, Policy [Policy Text Block]	'
	Reclassification
	Certain amounts in 2012 may have been reclassified to conform to the 2013 presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	New Accounting Pronouncements
	In March 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-05, Foreign Currency Matters (Topic 830). This ASU resolve the diversity in practice about whether Subtopic 810-10, Consolidation—Overall, or Subtopic 830-30, Foreign Currency Matters—Translation of Financial Statements, applies to the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business (other than a sale of in substance real estate or conveyance of oil and gas mineral rights)within a foreign entity. In addition, the amendments in this Update resolve the diversity in practice for the treatment of business combinations achieved in stages (sometimes also referred to as step acquisitions) involving a foreign entity. This ASU is the final version of Proposed Accounting Standards Update EITF11Ar—Foreign Currency Matters (Topic 830), which has been deleted. The amendments in this Update are effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. For nonpublic entities the amendments in this Update are effective prospectively for the first annual period beginning after December 15, 2014, and interim and annual periods thereafter. The amendments should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted. Early adoption is permitted. If an entity elects to early adopt the amendments, it should apply them as of the beginning of the entity’s fiscal year of adoption.
	In February 2013, FASB issued Accounting Standards Update (ASU) No. 2013-03, Financial Instruments (Topic 825). This ASU clarifies the scope and applicability of a disclosure exemption that resulted from the issuance of Accounting Standards Update No. 2011-04,Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. The amendment clarifies that the requirement to disclose "the level of the fair value hierarchy within which the fair value measurements are categorized in their entirety (Level 1, 2, or 3)" does not apply to nonpublic entities for items that are not measured at fair value in the statement of financial position, but for which fair value is disclosed. This ASU is the final version of Proposed Accounting Standards Update 2013-200—Financial Instruments (Topic 825) which has been deleted. The amendments are effective upon issuance.
	In February 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU improves the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in this ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP.
	The new amendments will require an organization to:
		•	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period.
		•	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
	The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). A private company is required to meet the reporting requirements of the amended paragraphs about the roll forward of accumulated other comprehensive income for both interim and annual reporting periods. However, private companies are only required to provide the information about the effect of reclassifications on line items of net income for annual reporting periods, not for interim reporting periods. The amendments are effective for reporting periods beginning after December 15, 2012, for public companies and are effective for reporting periods beginning after December 15, 2013, for private companies. Early adoption is permitted.
	In January 2013, FASB has issued Accounting Standards Update (ASU) No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This ASU clarifies that ordinary trade receivables and receivables are not in the scope of ASU No. 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. Specifically, ASU 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the FASB Accounting Standards Codification(TM) (Codification) or subject to a master netting arrangement or similar agreement. The FASB undertook this clarification project in response to concerns expressed by U.S. stakeholders about the standard’s broad definition of financial instruments. After the standard was finalized, companies realized that many contracts have standard commercial provisions that would equate to a master netting arrangement, significantly increasing the cost of compliance at minimal value to financial statement users. An entity is required to apply the amendments in ASU 2013-01 for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. An entity should provide the required disclosures retrospectively for all comparative periods presented. The effective date is the same as the effective date of ASU 2011-11.
	In October 2012, FASB has issued Accounting Standards Update (ASU) No. 2012-04, Technical Corrections and Improvements. This ASU make technical corrections, clarifications, and limited-scope improvements to various Topics throughout the Codification. The amendments in this ASU that will not have transition guidance will be effective upon issuance for both public entities and nonpublic entities. For public entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2012. For nonpublic entities, the amendments that are subject to the transition guidance will be effective for fiscal periods beginning after December 15, 2013.
	In August 2012, FASB has issued Accounting Standards Update (ASU) No. 2012-03, Technical Amendments and Corrections to SEC Sections. This ASU amends various SEC paragraphs pursuant to SAB 114, SEC Release No. 33-9250, and ASU 2010-22, which amend or rescind portions of certain SAB Topics.
	In July 2012, the FASB has issued Accounting Standards Update (ASU) No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This ASU states that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Codification Subtopic 350-30, Intangibles-Goodwill and Other General Intangibles Other than Goodwill. Under the guidance in this ASU,an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity's financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance.

BASIS_OF_PRESENTATION_AND_SUMM2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Future amortization of Intangible Assets is as follows:
	Trademarks
	2013	$	5,000
	2014		20,000
	2015		20,000
	2016		20,000
	Thereafter		86,666
	Total	$	151,666
Schedule of Segment Reporting Information, by Segment [Table Text Block]	'
	The net revenues and net assets (liabilities) for other significant geographic regions outside the United States during the 9 months ended September 30, 2013 are as follows:
		Net Revenues		Net Assets
	United States	$	378,222	$	2,349,594
	Asia	$	1,404,127	$	41,006
	Mexico	$	195,957		-
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	'
	The Company operates as two reportable business segments in defined in ASC 280, "Segment Reporting." Each business segment has a chief operating decision maker and management personnel which review their business segment’s performance as it relates to revenue, operating profit and operating expenses.
		Three Months		Three Months		Condensed
		Ended September, 2013		Ended September 30, 2013		Consolidated
		Iveda Solutions, Inc.		MegaSys		Total
	Revenue	$	203,942	$	364,976	$	568,918
	Cost of Revenue		209,195		262,797		464,603
	Gross Profit		-5,253		102,179		96,926
	Depreciation and Amort.		53,181		2,634		55,815
	General and Administrative		1,375,451		214,297		1,589,748
	(Loss) from Operations		-1,433,885		-114,752		-1,548,637
	Foreign Currency Gain (Loss)		-8,611		-		-8,611
	Loss from the conversion of debt		-		-		-
	Interest Income		-		-		-
	Interest Expense		11,676		4,545		16,221
	(Loss) Before Income Taxes		-1,454,172		-119,297		-1,573,469
	(Provision) For Income Taxes		-		-		-
	Net Loss	$	-1,454,172	$	-119,297	$	-1,573,469
		Nine Months
		Ended September 30,		Nine Months
		2013		Ended September 30,		Condensed
		Iveda Solutions,		2013		Consolidated
		Inc.		MegaSys		Total
	Revenue	$	574,179	$	1,404,127	$	1,978,306
	Cost of Revenue		565,258		1,102,407		1,667,665
	Gross Profit		8,921		301,720		310,641
	Depreciation and Amortization		161,157		8,007		169,164
	General and Administrative		3,758,437		604,117		4,362,554
	(Loss) from Operations		-3,910,673		-310,404		-4,221,077
	Foreign Currency Gain (Loss)		-9,718		-		-9,718
	Loss from the conversion of debt		-44,000		-		-44,000
	Interest Income		-		997		997
	Interest Expense		51,670		13,941		65,611
	(Loss) Before Income Taxes		-4,016,061		-323,348		-4,339,409
	(Provision) For Income Taxes		-		-		-
	Net Loss	$	-4,016,061	$	-323,348	$	-4,339,409
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	'
	Revenues as shown below represent sales to external customers for each segment. Additions to long-lived assets as presented in the following table represent capital expenditures. Inventories, property and equipment for operating segments are regularly reviewed by management and are therefore provided below.
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Revenues
	United States	$	203,943	$	148,226	$	574,179	$	601,230
	Republic of China (Taiwan)		364,975		232,947		1,404,127		1,551,262
		$	568,918	$	381,173	$	1,978,306	$	2,152,492
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Operating earnings (loss)
	United States	$	-1,433,885	$	-713,160	$	-3,910,673	$	-2,216,260
	Republic of China (Taiwan)		-114,752		-96,449		-310,404		-215,043
		$	-1,548,637	$	-809,609	$	-4,221,077	$	-2,431,303
		Nine Months Ended
		September 30,
		2013		2012
	Property and equipment
	United States	$	438,686	$	580,014
	Republic of China (Taiwan)		12,525		31,095
		$	451,211	$	611,109
		Nine Months Ended
		September 30,
		2013		2012
	Additions to long-lived assets
	United States	$	86,868		223,705
	Republic of China (Taiwan)		-1,660		11,884
		$	85,208		235,589
		Nine Months Ended
		September 30,
		2013		2012
	Inventory
	United States	$	51,955	$	810
	Republic of China (Taiwan)		156,178		106,766
		$	208,133	$	107,576
		Nine Months Ended
		September 30,
		2013		2012
	Total Assets
	United States	$	2,467,126	$	1,898,479
	Republic of China (Taiwan)		2,154,036		1,924,128
		$	4,621,162	$	3,822,607

SHORTTERM_DEBT_Tables

SHORT-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	The Company has short term loans with two banks in Asia that bear interest from 3.24% to 5.82% During the third quarter, all short-term bank loans were paid off.
	Note Payable, 10% interest per annum, maturing on December 7, 2013	$	77,000
	Note Payable, 10% interest per annum, maturing on December 20, 2013		10,000
	Total Short-Term Debt	$	87,000

STOCK_OPTION_PLAN_Tables

STOCK OPTION PLAN (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

'

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

'

Stock option transactions during the nine months ended September 30, 2013 were as follows:

Nine months ended September 30, 2013

Weighted -

Average

Shares

Exercise Price

Outstanding at Beginning of Year

5,038,512

$

0.91

Granted

160,000

1.63

Exercised

-244,500

-

Forfeited or Canceled

-155,000

1.09

Outstanding at End of Period

4,799,012

0.93

Options Exercisable at Period-End

3,566,628

1.25

Weighted-Average Fair Value of Options Granted During

$

0.27

the Period

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

'

Information with respect to stock options outstanding and exercisable as of September 30, 2013 is as follows:

Options Outstanding

Options Exercisable

Number

Weighted -

Number

Outstanding

Average

Weighted -

Exercisable

Weighted -

Range of

at

Remaining

Average

At

Average

Exercise

Sept. 30,

Contractual

Exercise

Sept. 30,

Exercise

Prices

2013

Life

Price

2013

Price

$ 0.10 - $1.80

4,799,012

8.2 Years

$

0.93

3,566,628

$

1.25

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

'

The fair value of each option granted is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for options granted.

2013

Expected Life

5 yrs

Dividend Yield

0

%

Expected Volatility

26.28

%

Risk-Free Interest Rate

0.85

%

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions [Table Text Block]	'
	On November 19, 2012, the Company entered into a convertible debenture agreement with Robert Gillen for $100,000. Under the original terms of the agreement, Interest is payable at 10% per annum, payable on the maturity date of May 19, 2013. The Company issued warrants to purchase 10,000 shares of the Company Stock, at an exercise price of $ 1.10. The debenture is convertible into shares of Company Common Stock on or before the Maturity Date, at a conversion rate of $1.10 per share. On May 19, 2013, the Company extended the maturity date of the convertible debenture to November 19, 2013.		100,000
	Total Due to Related Parties	$	100,000

EARNINGS_LOSS_PER_SHARE_Tables

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations.
		Three Months		Three Months		Nine Months		Nine Months
		Ending		Ending		Ending		Ending
		Sept. 30, 2013		Sept. 30, 2012		Sept. 30, 2013		Sept. 30, 2012
	Basic EPS
	Net Loss	$	-1,573,469		-834,104	$	-4,339,409		-2,477,583
	Weighted Average Shares		25,700,296		19,541,679		24,181,281		15,383,548
	Basic and Diluted Loss Per Share	$	-0.06	$	-0.04	$	-0.18	$	-0.15

BASIS_OF_PRESENTATION_AND_SUMM3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Trademarks [Member], USD $)	Sep. 30, 2013
Trademarks [Member]	'
2013	$5,000
2014	20,000
2015	20,000
2016	20,000
Thereafter	86,666
Total	$151,666

BASIS_OF_PRESENTATION_AND_SUMM4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net Revenues	$149,578	$162,970	$476,410	$811,591
United States [Member]	'	'	'	'
Net Revenues	'	'	378,222	'
Net Assets	2,349,594	'	2,349,594	'
Asia [Member]	'	'	'	'
Net Revenues	'	'	1,404,127	'
Net Assets	41,006	'	41,006	'
Mexico [Member]	'	'	'	'
Net Revenues	'	'	195,957	'
Net Assets	$0	'	$0	'

BASIS_OF_PRESENTATION_AND_SUMM5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenue	$568,918	$381,173	$1,978,306	$2,152,492
Cost of Revenue	471,992	322,824	1,667,665	1,729,001
Gross Profit	96,926	58,349	310,641	423,491
Depreciation and Amort.	'	'	169,164	181,456
(Loss) from Operations	-1,548,637	-809,609	-4,221,077	-2,431,303
Foreign Currency Gain (Loss)	-8,611	-87	-9,718	-87
Loss from the conversion of debt	0	0	-44,000	0
Interest Expense	-16,221	-24,414	-65,611	-46,738
(Loss) Before Income Taxes	-1,573,469	-834,104	-4,339,409	-2,477,583
(Provision) For Income Taxes	0	0	0	0
Net Loss	-1,573,469	-834,104	-4,339,409	-2,477,583
Iveda Solutions Inc [Member]	'	'	'	'
Revenue	203,942	'	574,179	'
Cost of Revenue	209,195	'	565,258	'
Gross Profit	-5,253	'	8,921	'
Depreciation and Amort.	53,181	'	161,157	'
General and Administrative	1,375,451	'	3,758,437	'
(Loss) from Operations	-1,433,885	'	-3,910,673	'
Foreign Currency Gain (Loss)	-8,611	'	-9,718	'
Loss from the conversion of debt	0	'	-44,000	'
Interest Income	0	'	0	'
Interest Expense	11,676	'	51,670	'
(Loss) Before Income Taxes	-1,454,172	'	-4,016,061	'
(Provision) For Income Taxes	0	'	0	'
Net Loss	-1,454,172	'	-4,016,061	'
Megasys [Member]	'	'	'	'
Revenue	364,976	'	1,404,127	'
Cost of Revenue	262,797	'	1,102,407	'
Gross Profit	102,179	'	301,720	'
Depreciation and Amort.	2,634	'	8,007	'
General and Administrative	214,297	'	604,117	'
(Loss) from Operations	-114,752	'	-310,404	'
Foreign Currency Gain (Loss)	0	'	0	'
Loss from the conversion of debt	0	'	0	'
Interest Income	0	'	997	'
Interest Expense	4,545	'	13,941	'
(Loss) Before Income Taxes	-119,297	'	-323,348	'
(Provision) For Income Taxes	0	'	0	'
Net Loss	-119,297	'	-323,348	'
Condensed Consolidated [Memeber]	'	'	'	'
Revenue	568,918	'	1,978,306	'
Cost of Revenue	464,603	'	1,667,665	'
Gross Profit	96,926	'	310,641	'
Depreciation and Amort.	55,815	'	169,164	'
General and Administrative	1,589,748	'	4,362,554	'
(Loss) from Operations	-1,548,637	'	-4,221,077	'
Foreign Currency Gain (Loss)	-8,611	'	-9,718	'
Loss from the conversion of debt	0	'	-44,000	'
Interest Income	0	'	997	'
Interest Expense	16,221	'	65,611	'
(Loss) Before Income Taxes	-1,573,469	'	-4,339,409	'
(Provision) For Income Taxes	0	'	0	'
Net Loss	($1,573,469)	'	($4,339,409)	'

BASIS_OF_PRESENTATION_AND_SUMM6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Revenues	$568,918	$381,173	$1,978,306	$2,152,492	'
Operating earnings (loss)	-1,548,637	-809,609	-4,221,077	-2,431,303	'
Property and equipment	451,211	611,109	451,211	611,109	516,981
Additions to long-lived assets	'	'	85,208	235,589	'
Inventory	208,133	107,576	208,133	107,576	'
Total Assets	4,621,162	3,822,607	4,621,162	3,822,607	4,919,484
United States [Member]	'	'	'	'	'
Revenues	203,943	148,226	574,179	601,230	'
Operating earnings (loss)	-1,433,885	-713,160	-3,910,673	-2,216,260	'
Property and equipment	438,686	580,014	438,686	580,014	'
Additions to long-lived assets	'	'	86,868	223,705	'
Inventory	51,955	810	51,955	810	'
Total Assets	2,467,126	1,898,479	2,467,126	1,898,479	'
Republic of China (Taiwan) [Member]	'	'	'	'	'
Revenues	364,975	232,947	1,404,127	1,551,262	'
Operating earnings (loss)	-114,752	-96,449	-310,404	-215,043	'
Property and equipment	12,525	31,095	12,525	31,095	'
Additions to long-lived assets	'	'	-1,660	11,884	'
Inventory	156,178	106,766	156,178	106,766	'
Total Assets	$2,154,036	$1,924,128	$2,154,036	$1,924,128	'

BASIS_OF_PRESENTATION_AND_SUMM7

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Accumulated Deficit	$19,339,485	'	$15,000,076
Net Cash Used in Operating Activities	2,835,549	2,224,616	'
Accounting Standards Update 2012-02 [Member]	'	'	'
New Accounting Pronouncement or Change in Accounting Principle, Description	'The FASB has issued Accounting Standards Update (ASU) No. 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment. This ASU states that an entity has the option first to assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that the indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying amount in accordance with Codification Subtopic 350-30, Intangibles-Goodwill and Other General Intangibles Other than Goodwill. Under the guidance in this ASU,an entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The amendments in this ASU are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted, including for annual and interim impairment tests performed as of a date before July 27, 2012, if a public entity's financial statements for the most recent annual or interim period have not yet been issued or, for nonpublic entities, have not yet been made available for issuance.	'	'
Customer Three [Member]	'	'	'
Concentration Risk Customer Percentage	59.00%	'	'
Accounts Receivable [Member]	'	'	'
Concentration Risk Customer Percentage	17.00%	'	'
Minimum [Member]	'	'	'
Finite-Lived Intangible Asset, Useful Life	'6 months	'	'
Maximum [Member]	'	'	'
Cash CDIC Insured Amount	$3,000,000	'	'
Finite-Lived Intangible Asset, Useful Life	'10 years	'	'

SHORTTERM_DEBT_Details

SHORT-TERM DEBT (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Total Short-Term Debt	$87,000	$802,122
Note Payable, 10% interest per annum, maturing on December 7, 2013 [Member]	'	'
Notes Payable	77,000	'
Note Payable, 10% interest per annum, maturing on December 20, 2013 [Member]	'	'
Notes Payable	$10,000	'

SHORTTERM_DEBT_Details_Textual

SHORT-TERM DEBT (Details Textual) (USD $)	3 Months Ended				9 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013
			Maximum [Member]	Minimum [Member]	Note Payable, 10% interest per annum, maturing on December 7, 2013 [Member]	Note Payable, 10% interest per annum, maturing on December 20, 2013 [Member]
			Due in April and September of 2013 [Member]	Due in April and September of 2013 [Member]
Short-term Debt, Percentage Bearing Fixed Interest Rate	'	'	5.82%	3.24%	10.00%	10.00%
Debt Instrument, Maturity Date	'	'	'	'	7-Dec-13	20-Dec-13
Purchase of Warrant	'	'	'	'	7,000	909
Warrant Exercise Price	'	'	'	'	$1.50	$1.50
Extinguishment of Debt, Amount	'	$45,000	'	'	'	'
Payments of Debt Extinguishment Costs	'	15,000	'	'	'	'
Debt Conversion, Converted Instrument, Amount	50,000	30,000	'	'	'	'
Debt Instrument, Convertible, Conversion Price	$1	$1	'	'	'	'
Gain Loss On Conversion Of Debt	$27,500	$16,500	'	'	'	'

EQUITY_Details_Textual

EQUITY (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2013
Preferred Stock, Shares Authorized (in shares)	100,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$0.00
Proceeds from Issuance of Private Placement	$5,459,501
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs (in dollars)	540,150
Maximum [Member]	'
Stock Issued During Period, Price Per Share (in dollars per share)	$1.10
Minimum [Member]	'
Stock Issued During Period, Price Per Share (in dollars per share)	$1
Common Stock [Member]	'
Stock Issued During Period, Shares, Issued for Services	80,000
Stock Issued During Period, Value, Issued for Services	122,000
Allocated Share-based Compensation Expense	122,000
Warrant [Member]	'
Allocated Share-based Compensation Expense	60,075
Warrants To Purchase Common Stock	100,000
Investment Warrants, Exercise Price	$1.65
Investment Warrants Expiration Period	'10 years
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants	$60,075

STOCK_OPTION_PLAN_Details

STOCK OPTION PLAN (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
Shares, Outstanding at Beginning of Year	5,038,512
Shares, Granted	160,000
Shares, Exercised	-244,500
Shares, Forfeited or Canceled	-155,000
Shares, Outstanding at End of Period	4,799,012
Shares, Options Exercisable at Period-End	3,566,628
Weighted-Average Fair Value of Options Granted During the Period	$0.27
Weighted - Average Exercise Price, Outstanding at Beginning of Year	$0.91
Weighted - Average Exercise Price, Granted	$1.63
Weighted - Average Exercise Price, Exercised	$0
Weighted - Average Exercise Price, Forfeited or Canceled	$1.09
Weighted - Average Exercise Price, Outstanding at End of Period	$0.93
Weighted - Average Exercise Price, Options Exercisable at Period-End	$1.25

STOCK_OPTION_PLAN_Details_1

STOCK OPTION PLAN (Details 1) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Range of Exercise Prices (Minimum) (in dollars per share)	$0.10	'
Range of Exercise Prices (Maximum) (in dollars per share)	$1.80	'
Number of Options, Outstanding at September 30, 2013 (in shares)	4,799,012	5,038,512
Weighted - Average Remaining Contractual Life (in years)	'8 years 2 months 12 days	'
Options Outstanding, Weighted -Average Exercise Price (in dollars per share)	$0.93	$0.91
Number of Options, Exercisable at September 30, 2013 (in shares)	3,566,628	'
Options Exercisable, Weighted - Average Exercise Price (in dollars per share)	$1.25	'

STOCK_OPTION_PLAN_Details_2

STOCK OPTION PLAN (Details 2)	9 Months Ended
	Sep. 30, 2013
Expected Life	'5 years
Dividend Yield	0.00%
Expected Volatility	26.28%
Risk-Free Interest Rate	0.85%

STOCK_OPTION_PLAN_Details_Text

STOCK OPTION PLAN (Details Textual)	9 Months Ended
	Sep. 30, 2013
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100.00%
Minimum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'4 years
Maximum [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'5 years

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	Sep. 30, 2013
Due to Related Parties	$100,000
Convertible debenture agreement with Robert Gillen [Member]	'
Due to Related Parties	$100,000

RELATED_PARTY_TRANSACTIONS_Det1

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	Jun. 30, 2013	Mar. 31, 2013	19-May-13	Nov. 19, 2012
			Debt Agreement 2 [Member]	Debt Agreement 2 [Member]
Debt Instrument, Face Amount	'	'	'	$100,000
Debt Instrument, Interest Rate at Period End	'	'	'	10.00%
Debt Instrument, Maturity Date	'	'	19-Nov-13	19-May-13
Issuance of Warrants to Purchase Common Stock	'	'	'	10,000
Warrants Exercise Price	'	'	'	$1.10
Debt Instrument, Convertible, Conversion Price	$1	$1	'	$1.10

EARNINGS_LOSS_PER_SHARE_Detail

EARNINGS (LOSS) PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Basic EPS	'	'	'	'
Net Loss	($1,573,469)	($834,104)	($4,339,409)	($2,477,583)
Weighted Average Shares (in shares)	25,700,296	19,541,679	24,181,281	15,383,548
Basic and Diluted Loss Per Share (in dollars per share)	($0.06)	($0.04)	($0.18)	($0.15)

EARNINGS_LOSS_PER_SHARE_Detail1

EARNINGS (LOSS) PER SHARE (Details Textual)	9 Months Ended
	Sep. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	8,127,581

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member])	9 Months Ended
	Sep. 30, 2013
Subsequent Event [Member]	'
Subsequent Event, Description	'In October 2013, the Company sold 100,000 shares of Company Common Stock at a purchase price of $1.10 per share and 20,000 shares at a purchase price of $1.00 in two private placement transactions with one individual and one trust.