Iveda Solutions (IVDA) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
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	'	27,308,357
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash and Cash Equivalents	$673,600	$559,729
Restricted Cash	994,127	1,160,688
Accounts Receivable, Net	473,926	372,587
Inventory	525,322	331,437
Other Current Assets	286,468	295,205
Total Current Assets	2,953,443	2,719,646
PROPERTY AND EQUIPMENT, Net	584,883	471,182
OTHER ASSETS	'	'
Intangible Assets, Net	136,666	146,666
Other Assets	413,654	341,752
Total Other Assets	550,320	488,418
Total Assets	4,088,646	3,679,246
CURRENT LIABILITIES	'	'
Accounts Payable and Other Current Liabilities	2,089,403	2,358,702
Due to Related Parties	100,000	100,000
Short Term Debt	457,820	60,291
Derivative Liability	124,017	39,804
Current Portion of Long-Term Debt	113,042	164,156
Total Current Liabilities	2,884,282	2,722,953
LONG TERM DEBT AND CONVERTIBLE DEBENTURES, Net of Discount	3,314,348	364,370
DUE TO RELATED PARTY, Net of Discount	158,872	70,114
STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Preferred Stock, $0.00001 par value; 100,000,000 shares authorized; no shares outstanding as of June 30, 2014 and December 31, 2013	0	0
Common Stock, $0.00001 par value; 200,000,000 shares authorized; 27,308,357 and 26,722,012 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	273	267
Additional Paid-In Capital	23,061,632	22,354,002
Accumulated Comprehensive Loss	-30,637	-30,670
Less Notes Receivable from Stockholder	-504,000	0
Accumulated Deficit	-24,796,124	-21,801,790
Total Stockholders' Equity (Deficit)	-2,268,856	521,809
Total Liabilities and Stockholders' Equity (Deficit)	$4,088,646	$3,679,246

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred Stock, Shares Outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	27,308,357	26,722,012
Common stock, shares outstanding	27,308,357	26,722,012

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
REVENUE	'	'	'	'
Equipment Sales	$191,705	$621,989	$402,016	$1,057,822
Service Revenue	143,837	157,823	302,638	326,832
Other Revenue	15,720	14,354	21,472	24,734
TOTAL REVENUE	351,262	794,166	726,126	1,409,388
COST OF REVENUE	313,867	627,934	524,401	1,192,882
GROSS PROFIT	37,395	166,232	201,725	216,506
OPERATING EXPENSES	1,531,084	1,615,072	3,058,814	2,886,155
LOSS FROM OPERATIONS	-1,493,689	-1,448,840	-2,857,089	-2,669,649
OTHER INCOME (EXPENSE)	'	'	'	'
Foreign Currency Gain (Loss)	8,475	-918	10,709	-1,107
Gain (Loss) on Derivatives and Debt Conversion	30,401	-27,500	42,001	-44,000
Interest Income	1,874	997	1,877	997
Interest Expense	-119,949	-30,660	-175,953	-49,390
Total Other Income (Expense)	-79,199	-58,081	-121,366	-93,500
LOSS BEFORE INCOME TAXES	-1,572,888	-1,506,921	-2,978,455	-2,763,149
BENEFIT (PROVISION) FOR INCOME TAXES	-15,879	0	-15,879	0
NET LOSS	($1,588,767)	($1,506,921)	($2,994,334)	($2,763,149)
BASIC AND DILUTED LOSS PER SHARE (in dollars per share)	($0.06)	($0.06)	($0.11)	($0.12)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net Loss	($1,588,767)	($1,506,921)	($2,994,334)	($2,763,149)
Other Comprehensive loss:	'	'	'	'
Foreign currency translation adjustment	1,834	-7,742	33	-8,779
Comprehensive Loss	($1,586,933)	($1,514,663)	($2,994,301)	($2,771,928)

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net Loss	($2,994,334)	($2,763,149)
Adjustments to Reoncile Net Loss to Net Cash Used by Operating Activities	'	'
Depreciation and Amortization	110,952	113,349
Amortization and Debt Discount	13,152	0
Amortization and Deferred Financing Costs	41,227	0
(Gain) Loss on Derivatives and Debt Conversion	-42,001	44,000
Stock Compensation	195,000	88,020
Common Stock Issued for Services	0	148,756
Allowance for Doubtful Accounts	3,936	0
(Increase) Decrease in Operating Assets:	'	'
Accounts Receivable	-104,288	913,018
Inventory	-193,606	-37,852
Other Current Assets	9,821	71,014
Accounts Payable and Other Current Liabilities	-271,636	-486,279
Net cash used in operating activities	-3,231,777	-1,909,123
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Purchase of Property and Equipment	-214,378	-68,597
Net cash used in investing activities	-214,378	-68,597
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Changes in Restricted Cash	169,834	-544,058
Proceeds from Short-Term Notes Payable/Debt	3,804,505	0
Payments on Short-Term Notes Payable/Debt	-324,755	-138,612
Proceeds from Exercise of Stock Options	8,636	184,574
Proceeds from (Payments to) Related Parties	88,000	-230,440
(Payments) on Proceeds from Long-Term Debt	-85,694	41,757
Payments on Capital Lease Obligations	-1,961	-5,567
Deferred Finance Costs (Net)	-98,978	0
Common Stock Issued, net of Cost of Capital	0	3,996,594
Net cash provided by financing activities	3,559,587	3,304,248
EFFECT OF EXCHANGE RATE CHANGES ON CASH	439	-4,936
NET INCREASE IN CASH AND CASH EQUIVALENTS	113,871	1,321,592
Cash and Cash Equivalents- Beginning of Period	559,729	114,462
CASH AND CASH EQUIVALENTS - END OF PERIOD	673,600	1,436,054
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION	'	'
Interest Paid	18,339	49,390
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Discount on Convertible Debt	112,784	0
Establishment of Derivative Liability	126,214	0
Common Stock Warrants Issued as Deferred Finance Costs	$13,430	$0

BASIS_OF_PRESENTATION_AND_SUMM

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
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, 2013. 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 six-month period ended June 30, 2014, are not necessarily indicative of the results that will be achieved for the full fiscal year ending December 31, 2014 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, 2013 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 (from May 1, 2011 through September 30, 2012). 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. The Company’s Audit Report on the Financial Statements for the year ended December 31, 2013 contained a going concern qualification. Since inception, the Company has generated an accumulated deficit from operations of approximately $24.8 million at June 30, 2014 and has used approximately $3.2 million in cash to fund operations through the six months ended June 30, 2014. As a result, a significant 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:
		·	Through June 27, 2014 the Company raised approximately $3.6 million through the private placement of convertible debentures and warrants and will continue efforts of this nature throughout the remainder of the fiscal year as deemed necessary by the Board of Directors.
		·	In December 2013, the Board of Directors approved a plan for the Company to raise an aggregate amount of $3.6 million in bridge financing, all of which was raised as of June 30, 2014, through the sale of Convertible Debentures.
		·	The Board of Directors approved a plan for the Company to engage a financial advisor in connection with a potential capital raise of up to $30 million (“Long Term Financing”).
		·	The Company is actively installing its cloud based software platform with certain telecommunications companies in other countries to create a reoccurring licensing revenue model as well as a distribution channel for proprietary video camera hardware in each respective country.
		·	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.
		·	In December 2013, Iveda hired Bob Brilon as our Chief Financial Officer and Executive Vice President of Business Development. He has strong ties with the investment community and has extensive experience in mergers and acquisitions, strategic growth planning, and interacting with domestic and foreign institutional investors, which will be instrumental to our market expansion, global distribution of our cloud video hosting platform and services, and raising capital to fund our growth. In February 2014, the board of Directors appointed Mr. Brilon as the Company’s President.
	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. US based segment revenue from three customers represented approximately 49% of total revenues for the six months ended June 30, 2014, and two customers represented approximately 80% of total accounts receivable at June 30, 2014. Taiwan based segment revenue from three customers represented approximately 58% of total revenues for the six months ended June 30, 2014, and two customers represented approximately 80% of total accounts receivable at June 30, 2014.
	Intangible Assets
	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 June 30, 2014. Future amortization of Intangible Assets is as follows:
	Trademarks
	2014		$	10,000
	2015			20,000
	2016			20,000
	2017			20,000
	Thereafter			66,666
	Total		$	136,666
	Fair Value of Financial Instruments
	Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of June 30, 2014. 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.
	Derivative Liabilities
	The Convertible Debentures include both a conversion option and detachable warrants that are being accounted for as derivative liabilities because of anti-dilution provisions, which under US GAAP, prevents them from being indexed to the Company’s stock triggering derivative accounting. The fair value of the conversion option and detachable warrants is carried on the face of the accompanying balance sheet as a Derivative Liability, in current liabilities because the underlying instruments are convertible by the holder at any time until maturity. Any change in fair value of the derivative liability is reported as a gain or loss on derivative liability in the accompanying statement of operations.
	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 are as follows:
			Net Revenues		Net Assets (Liabilities)
	US Revenue		$	336,485	$	-2,236,153
	Asia (all of MegaSys)		$	204,357	$	-32,703
	Mexico (TDN)		$	120,462
	Philippines		$	64,822
	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 June 30, 2014		Ended June 30, 2014		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	318,459	$	32,803	$	351,262
	Cost of Revenue			298,707		15,160		313,867
	Gross Profit			19,752		17,643		37,395
	Depreciation and Amortization			51,320		3,005		54,325
	General and Administrative			1,452,472		24,287		1,476,759
	(Loss) from Operations			-1,484,040		-9,649		-1,493,689
	Foreign Currency Gain (Loss)			10,909		-2,434		8,475
	Gain on Derivatives			30,401		-		30,401
	Interest Income			775		1,099		1,874
	Interest Expense			-115,266		-4,683		-119,949
	(Loss) Before Income Taxes			-1,557,221		-15,667		-1,572,888
	(Provision) for Income Taxes			-		-15,879		-15,879
	Net Loss		$	-1,557,221	$	-31,546	$	-1,588,767
			Six Months		Six Months		Condensed
			Ended June 30, 2014		Ended June 30, 2014		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	521,769	$	204,357	$	726,126
	Cost of Revenue			474,188		50,213		524,401
Gross Profit			47,581		154,144		201,725
Depreciation and Amortization			102,206		8,746		110,952
General and Administrative			2,740,752		207,110		2,947,862
(Loss) from Operations			-2,795,377		-61,712		-2,857,089
Foreign Currency Gain (Loss)			10,709		-		10,709
Gain on Derivatives			42,001		-		42,001
Interest Income			775		1,102		1,877
Interest Expense			-168,207		-7,746		-175,953
(Loss) Before Income Taxes			-2,910,099		-68,356		-2,978,455
(Provision) for Income Taxes			-		-15,879		-15,879
Net Loss		$	-2,910,099	$	-84,235	$	-2,994,334
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				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Revenues
United States		$	318,459	$	222,988	$	521,769	$	370,237
Republic of China (Taiwan)			32,803		571,178		204,357		1,039,151
		$	351,262	$	794,166	$	726,126	$	1,409,388
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
Operating earnings (loss)
United States		$	-1,484,040	$	-1,334,716	$	-2,795,377	$	-2,472,997
Republic of China (Taiwan)			-9,649		-114,124		-61,712		-196,652
		$	-1,493,689	$	-1,448,840	$	-2,857,089	$	-2,669,649
		Six Months Ended
		June 30,
		2014		2013
Property and equipment, net
United States		$	544,092	$	469,598
Republic of China (Taiwan)			40,791		11,832
		$	584,883	$	481,430
		Six Months Ended
		June 30,
		2014		2013
Additions to long-lived assets
United States		$	198,888	$	68,598
Republic of China (Taiwan)			15,490		-8,514
		$	214,378	$	60,084
		Six Months Ended
		June 30,
		2014		2013
Inventory
United States		$	376,076	$	32,656
Republic of China (Taiwan)			149,246		124,916
		$	525,322	$	157,572
		Six Months Ended
		June 30,
		2014		2013
Total Assets
United States		$	1,955,088	$	2,825,183
Republic of China (Taiwan)			2,133,558		2,722,010
		$	4,088,646	$	5,547,193
Reclassification
Certain amounts in 2013 may have been reclassified to conform to the 2014 presentation.
New Accounting Pronouncements
In March 2014 FASB issued Accounting Standards Update (ASU) No. 2014-07, Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. The guidance addresses the consolidation of lessors in certain common control leasing arrangements and is based on a consensus reached by the Private Company Council (PCC).
Under current U.S. GAAP, a company is required to consolidate an entity in which it has a controlling financial interest. The assessment of controlling financial interest is performed under either: (a) a voting interest model; or (b) a variable interest entity model. In a variable interest entity model, the company has a controlling financial interest when it has: (a) the power to direct the activities that most significantly affect the economic performance of the entity; and (b) the obligation to absorb losses or the right to receive benefits of the entity that could be potentially significant to the entity.
To determine which model applies, a company preparing financial statements must first determine whether it has a variable interest in the entity being evaluated for consolidation and whether that entity is a variable interest entity.
The new guidance allows a private company to elect (when certain conditions exist) not to apply the variable interest entity guidance to a lessor under common control. Instead, the private company would make certain disclosures about the lessor and the leasing arrangement.
Under the amendments in this ASU, a private company lessee could elect an alternative not to apply variable interest entity guidance to a lessor when:
	⋅	The private company lessee and the lessor are under common control;
	⋅	The private company lessee has a leasing arrangement with the lessor;
	⋅	Substantially all of the activity between the private company lessee and the lessor is related to the leasing activities (including supporting leasing activities) between those two companies, and
	⋅	If the private company lessee explicitly guarantees or provides collateral for any obligation of the lessor related to the asset leased by the private company, then the principal amount of the obligation at inception does not exceed the value of the asset leased by the private company from the lessor.
	⋅	If elected, the accounting alternative should be applied to all leasing arrangements meeting the above conditions. The alternative should be applied retrospectively to all periods presented, and is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. Early application is permitted for all financial statements that have not yet been made available for issuance.
In April 2014 FASB issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP.
Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.
In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations.
The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations.
The amendments in this ASU enhance convergence between U.S. GAAP and International Financial Reporting Standards (IFRS). Part of the new definition of discontinued operation is based on elements of the definition of discontinued operations in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations.
The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. For most nonpublic organizations, it is effective for annual financial statements with fiscal years beginning on or after December 15, 2014. Early adoption is permitted.

SHORTTERM_DEBT

SHORT-TERM DEBT	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Short-term Debt [Text Block]	'
	NOTE 2	SHORT-TERM DEBT
	The short term debt balances were as follows:
			June 30,		December 31,
			2014		2013
	Loan from Shanghai Commercial & Savings Bank at various interest rates ranging from 1% per annum to 3.26%. Due at various dates from April 2014 — September 2014.		$	122,920	$	60,291
	Loan from Hua Nan Bank at various interest rates ranging from 1% per annum to 3% per annum. Due at various dates from September - December 2014.			334,900		-
	Balance at end of period		$	457,820	$	60,291

CONVERTIBLE_DEBENTURES

CONVERTIBLE DEBENTURES	6 Months Ended
	Jun. 30, 2014
Convertible Debentures [Abstract]	'
Convertible Debentures [Text Block]	'
	NOTE 3	CONVERTIBLE DEBENTURES
	From December 12, 2013 through June 30, 2014, the Company sold $3,600,000 in principal amount of three year debentures, convertible at any time into Company common stock at $1.50 per share. The debentures bear interest at a rate of 9.5% per annum accruing monthly with the first interest payment due after six months and then monthly unless at the option of the Company the interest is added to the principal amount. Purchasers of the convertible debentures also received warrants to purchase an aggregate of 327,273 shares of Company common stock exercisable for five years at an exercise price of $1.65. The Company incurred financing costs in connection with the issuance of the convertible debentures of $260,635 paid in cash and issued warrants to purchase 199,243 shares of common stock; these deferred costs have been capitalized in the accompanying balance sheets, and are being amortized to interest expense using the effective interest method over the 3 year life of the debt. The fair value of the conversion option and warrants on the date issued to the debenture holders totaled $140,392, is discounted from the carrying value of the debenture and amortized into interest expense over the 3 year life of the debt using the effective interest method. At June 30, 2014, the carrying value of the convertible debentures totaled $3,473,220, net of the $126,780 debt discount. Accrued interest related to the convertible debentures totaled $99,640. The Company expects to amortize approximately 100,000 into interest expense in fiscal 2015 and 2016, reducing to $65,000 in 2017, $48,000 in 2018 and $4,000 in 2019 reducing the related deferred costs and debt discount. Principal and all accrued interest is due at maturity, but can be repaid at any time with no penalty.
	The fair value of the conversion option and warrants is carried on the face of the accompanying Balance Sheet as derivative liability and totaled $124,017 at June 30, 2014. Any change in fair value of the derivative liability is reported as a gain or loss on derivative liability in the accompanying statement of operations. The Company recognized a gain on the derivative of $30,401and $42,001 respectively, during the three months and six months ended June 30, 2014.

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	NOTE 4	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 three months and six months ended June 30, 2014, the Company issued 530,000 and 586,345 shares of common stock, respectively, upon the exercise of options and warrants to purchase common stock.
	Notes Receivable from Stockholder
	In June 2014, an advisor and shareholder of the Company exercised warrants to purchase 200,000 and 300,000 shares of common stock, granted at an exercise price of $1.02 and $1.00 per share, respectively, in exchange for 5% Promissory Notes totaling $504,000 due June 30, 2015.

STOCK_OPTION_PLAN_AND_WARRANTS

STOCK OPTION PLAN AND WARRANTS	6 Months Ended
	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
		NOTE 5	STOCK OPTION PLAN AND WARRANTS
	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 six months ended June 30, 2014 were as follows:
			Six months ended June 30, 2014
						Weighted-
						Average Exercise
			Shares			Price
	Outstanding at Beginning of Year			5,639,322		$	1.07
	Granted			312,000			1.71
	Exercised			-56,345			0.1
	Forfeited or Canceled			-190,500			1.22
	Outstanding at End of Period			5,704,477			1.11
	Options Exercisable at Period-End			4,701,316		$	1.35
	Weighted-Average Fair Value of Options Granted During the Period		$	0.44
	Information with respect to stock options outstanding and exercisable as of June 30, 2014 is as follows:
			Options Outstanding						Options Exercisable
					Weighted-
			Number		Average		Weighted-		Number	Weighted-
			Outstanding		Remaining		Average		Exercisable	Average
			at June 30,		Contractual		Exercise		at June 30,	Exercise
	Range of Exericse Prices		2014		Life		Price		2014	Price
	$0.10 - $1.80		5,758,477		7.5		$	1.11	4,701,316	$	1.35
	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.
				2014
	Expected Life			6.25	yrs
	Dividend Yield			0	%
	Expected Volatility			21.09	%
	Risk-Free Interest Rate			2.67	%
	Expected volatility for 2014 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.
	All Warrant grant activity during the six months ended June 30, 2014 was related to the convertible debentures sold during the same period (See Note 3). Warrants included in the sale of the convertible debentures may be exercised up to 4 or 5 years following the date of grants with an exercise price of $1.65.
	Stock warrant transactions during the six months ended June 30, 2014 were as follows:
	Outstanding at Beginning of Year		3,883,641
	Granted		341,698
	Exercised		-530,000
	Forfeited or Canceled		-50,000
	Warrants Redeemable at June 30, 2014		3,645,339

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 6	RELATED PARTY TRANSACTIONS
	On May 27, 2014, Mr. Alex Kuo, a member of the Board of Directors of the Company, purchased a 9.5% Senior Convertible Debenture (the “Debenture”) in the principal amount of $38,000. The Debenture is due and payable three years after the date of issuance and the principal and unpaid interest thereunder is convertible into shares of the Company’s Common Stock at the election of the holder any time prior to the maturity date at a conversion price equal to $1.50 per share, subject to adjustment upon the occurrence of certain events as provided in the Debenture. In connection with the purchase of the Debenture, Mr. Kuo received a warrant to purchase 3,455 shares of the Common Stock. The warrant has a term of five years from date of issuance and the exercise price of $1.65 per share is subject to adjustment upon the occurrence of certain events as provided in the warrant. Accordingly, the Company recognized a discount of $1,214 on the principal value of $38,000, which discount is being amortized over the three year term of the debenture, and a discount of $290 with respect to the warrant, which discount is being amortized over the five year term of the warrant.
	On March 4, 2014, Mr. Brilon, the Company’s President and Chief Financial Officer, purchased a Debenture in the principal amount of $50,000. The Debenture is due and payable three years after the date of issuance and the principal and unpaid interest thereunder is convertible into shares of the Company’s Common Stock at the election of the holder at any time prior to the maturity date at a conversion price equal to $1.50 per share, subject to adjustment upon the occurrence of certain events as provided in the Debenture. In connection with the purchase of the Debenture, Mr. Brilon received a warrant to purchase 4,545 shares of the Common Stock. The warrant has a term of five years from date of issuance and the exercise price of $1.65 per share is subject to adjustment upon the occurrence of certain events as provided in the warrant. Accordingly, the Company recognized a discount of $956 on the principal value of $50,000, which discount is being amortized over the three year term of the debenture, and a discount of $377 with respect to the warrant, which discount is being amortized over the five year term of the warrant.
	On December 20, 2013, Mr. Brilon purchased a Debenture in the principal amount of $75,000. The Debenture is due and payable three years after the date of issuance and the principal and unpaid interest thereunder is convertible into shares of the Company’s Common Stock at the election of the holder any time prior to the maturity date at a conversion price equal to $1.50 per share, subject to adjustment upon the occurrence of certain events as provided in the Debenture. In connection with the purchase of the Debenture, Mr. Brilon received a warrant to purchase 6,818 shares of the Common Stock. The warrant has a term of five years from date of issuance and the exercise price of $1.65 per share is subject to adjustment upon the occurrence of certain events as provided in the warrant. Accordingly, the Company recognized a discount of $722 on the principal value of $75,000, which discount is being amortized over the three year term of the debenture, and a discount of $570 with respect to the warrant, which discount is being amortized over the five year term of the warrant.
	On November 19, 2012, the Company entered into a convertible debenture agreement with a Board Member for $100,000. Under the original terms of the agreement, Interest is payable at 10% per annum, payable on the extended maturity date of December 19, 2014. 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 June 20, 2013, interest of $5,000 was paid on the debenture.

EARNINGS_LOSS_PER_SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		NOTE 7	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 six months ended June 30, 2014 and 2013, 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 9,403,816 potential shares at June 30, 2014) and shares potentially issuable upon conversion of the convertible debenture (totaling 2,400,000 as of June 30, 2014) were excluded from the calculation of diluted earnings per share for the three months and six months ended June 30, 2014 and 2013.
			Three Months		Three Months		Six Months		Six Months
			Ending		Ending		Ending		Ending
	Basic EPS		June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
	Net Loss		$	-1,588,767	$	-1,506,921	$	-2,994,334	$	-2,763,149
	Weighted Average Shares			26,849,456		24,866,675		26,814,103		23,409,185
	Basic and Diluted Loss Per Share		$	-0.06	$	-0.06	$	-0.11	$	-0.12

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 8	SUBSEQUENT EVENTS
	The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined that there are no additional items to disclose.

BASIS_OF_PRESENTATION_AND_SUMM1

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
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 (from May 1, 2011 through September 30, 2012). 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. The Company’s Audit Report on the Financial Statements for the year ended December 31, 2013 contained a going concern qualification. Since inception, the Company has generated an accumulated deficit from operations of approximately $24.8 million at June 30, 2014 and has used approximately $3.2 million in cash to fund operations through the six months ended June 30, 2014. As a result, a significant 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:
		·	Through June 27, 2014 the Company raised approximately $3.6 million through the private placement of convertible debentures and warrants and will continue efforts of this nature throughout the remainder of the fiscal year as deemed necessary by the Board of Directors.
		·	In December 2013, the Board of Directors approved a plan for the Company to raise an aggregate amount of $3.6 million in bridge financing, all of which was raised as of June 30, 2014, through the sale of Convertible Debentures.
		·	The Board of Directors approved a plan for the Company to engage a financial advisor in connection with a potential capital raise of up to $30 million (“Long Term Financing”).
		·	The Company is actively installing its cloud based software platform with certain telecommunications companies in other countries to create a reoccurring licensing revenue model as well as a distribution channel for proprietary video camera hardware in each respective country.
		·	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.
		·	In December 2013, Iveda hired Bob Brilon as our Chief Financial Officer and Executive Vice President of Business Development. He has strong ties with the investment community and has extensive experience in mergers and acquisitions, strategic growth planning, and interacting with domestic and foreign institutional investors, which will be instrumental to our market expansion, global distribution of our cloud video hosting platform and services, and raising capital to fund our growth. In February 2014, the board of Directors appointed Mr. Brilon as the Company’s President.
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. US based segment revenue from three customers represented approximately 49% of total revenues for the six months ended June 30, 2014, and two customers represented approximately 80% of total accounts receivable at June 30, 2014. Taiwan based segment revenue from three customers represented approximately 58% of total revenues for the six months ended June 30, 2014, and two customers represented approximately 80% of total accounts receivable at June 30, 2014.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	'
	Intangible Assets
	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 June 30, 2014. Future amortization of Intangible Assets is as follows:
	Trademarks
	2014		$	10,000
	2015			20,000
	2016			20,000
	2017			20,000
	Thereafter			66,666
	Total		$	136,666
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 June 30, 2014. 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.
Derivatives, Policy [Policy Text Block]	'
	Derivative Liabilities
	The Convertible Debentures include both a conversion option and detachable warrants that are being accounted for as derivative liabilities because of anti-dilution provisions, which under US GAAP, prevents them from being indexed to the Company’s stock triggering derivative accounting. The fair value of the conversion option and detachable warrants is carried on the face of the accompanying balance sheet as a Derivative Liability, in current liabilities because the underlying instruments are convertible by the holder at any time until maturity. Any change in fair value of the derivative liability is reported as a gain or loss on derivative liability in the accompanying statement of operations.
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 are as follows:
			Net Revenues		Net Assets (Liabilities)
	US Revenue		$	336,485	$	-2,236,153
	Asia (all of MegaSys)		$	204,357	$	-32,703
	Mexico (TDN)		$	120,462
	Philippines		$	64,822
	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 June 30, 2014		Ended June 30, 2014		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	318,459	$	32,803	$	351,262
	Cost of Revenue			298,707		15,160		313,867
	Gross Profit			19,752		17,643		37,395
	Depreciation and Amortization			51,320		3,005		54,325
	General and Administrative			1,452,472		24,287		1,476,759
	(Loss) from Operations			-1,484,040		-9,649		-1,493,689
	Foreign Currency Gain (Loss)			10,909		-2,434		8,475
	Gain on Derivatives			30,401		-		30,401
	Interest Income			775		1,099		1,874
	Interest Expense			-115,266		-4,683		-119,949
	(Loss) Before Income Taxes			-1,557,221		-15,667		-1,572,888
	(Provision) for Income Taxes			-		-15,879		-15,879
	Net Loss		$	-1,557,221	$	-31,546	$	-1,588,767
			Six Months		Six Months		Condensed
			Ended June 30, 2014		Ended June 30, 2014		Consolidated
			Iveda Solutions, Inc.		MegaSys		Total
	Revenue		$	521,769	$	204,357	$	726,126
	Cost of Revenue			474,188		50,213		524,401
	Gross Profit			47,581		154,144		201,725
	Depreciation and Amortization			102,206		8,746		110,952
	General and Administrative			2,740,752		207,110		2,947,862
	(Loss) from Operations			-2,795,377		-61,712		-2,857,089
	Foreign Currency Gain (Loss)			10,709		-		10,709
	Gain on Derivatives			42,001		-		42,001
	Interest Income			775		1,102		1,877
	Interest Expense			-168,207		-7,746		-175,953
	(Loss) Before Income Taxes			-2,910,099		-68,356		-2,978,455
	(Provision) for Income Taxes			-		-15,879		-15,879
	Net Loss		$	-2,910,099	$	-84,235	$	-2,994,334
	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				Six Months Ended
			June 30,				June 30,
			2014		2013		2014		2013
	Revenues
	United States		$	318,459	$	222,988	$	521,769	$	370,237
	Republic of China (Taiwan)			32,803		571,178		204,357		1,039,151
			$	351,262	$	794,166	$	726,126	$	1,409,388
			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2014		2013		2014		2013
	Operating earnings (loss)
	United States		$	-1,484,040	$	-1,334,716	$	-2,795,377	$	-2,472,997
	Republic of China (Taiwan)			-9,649		-114,124		-61,712		-196,652
			$	-1,493,689	$	-1,448,840	$	-2,857,089	$	-2,669,649
			Six Months Ended
			June 30,
			2014		2013
	Property and equipment, net
	United States		$	544,092	$	469,598
	Republic of China (Taiwan)			40,791		11,832
		$	584,883	$	481,430
		Six Months Ended
		June 30,
		2014		2013
Additions to long-lived assets
United States		$	198,888	$	68,598
Republic of China (Taiwan)			15,490		-8,514
		$	214,378	$	60,084
		Six Months Ended
		June 30,
		2014		2013
Inventory
United States		$	376,076	$	32,656
Republic of China (Taiwan)			149,246		124,916
		$	525,322	$	157,572
		Six Months Ended
		June 30,
		2014		2013
Total Assets
United States		$	1,955,088	$	2,825,183
Republic of China (Taiwan)			2,133,558		2,722,010
		$	4,088,646	$	5,547,193
Reclassification, Policy [Policy Text Block]	'
	Reclassification
	Certain amounts in 2013 may have been reclassified to conform to the 2014 presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	New Accounting Pronouncements
	In March 2014 FASB issued Accounting Standards Update (ASU) No. 2014-07, Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. The guidance addresses the consolidation of lessors in certain common control leasing arrangements and is based on a consensus reached by the Private Company Council (PCC).
	Under current U.S. GAAP, a company is required to consolidate an entity in which it has a controlling financial interest. The assessment of controlling financial interest is performed under either: (a) a voting interest model; or (b) a variable interest entity model. In a variable interest entity model, the company has a controlling financial interest when it has: (a) the power to direct the activities that most significantly affect the economic performance of the entity; and (b) the obligation to absorb losses or the right to receive benefits of the entity that could be potentially significant to the entity.
	To determine which model applies, a company preparing financial statements must first determine whether it has a variable interest in the entity being evaluated for consolidation and whether that entity is a variable interest entity.
	The new guidance allows a private company to elect (when certain conditions exist) not to apply the variable interest entity guidance to a lessor under common control. Instead, the private company would make certain disclosures about the lessor and the leasing arrangement.
	Under the amendments in this ASU, a private company lessee could elect an alternative not to apply variable interest entity guidance to a lessor when:
		⋅	The private company lessee and the lessor are under common control;
		⋅	The private company lessee has a leasing arrangement with the lessor;
		⋅	Substantially all of the activity between the private company lessee and the lessor is related to the leasing activities (including supporting leasing activities) between those two companies, and
		⋅	If the private company lessee explicitly guarantees or provides collateral for any obligation of the lessor related to the asset leased by the private company, then the principal amount of the obligation at inception does not exceed the value of the asset leased by the private company from the lessor.
		⋅	If elected, the accounting alternative should be applied to all leasing arrangements meeting the above conditions. The alternative should be applied retrospectively to all periods presented, and is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. Early application is permitted for all financial statements that have not yet been made available for issuance.
	In April 2014 FASB issued Accounting Standards Update (ASU) No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP.
	Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization’s operations and financial results. Examples include a disposal of a major geographic area, a major line of business, or a major equity method investment.
	In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations.
	The new guidance also requires disclosure of the pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. This disclosure will provide users with information about the ongoing trends in a reporting organization’s results from continuing operations.
	The amendments in this ASU enhance convergence between U.S. GAAP and International Financial Reporting Standards (IFRS). Part of the new definition of discontinued operation is based on elements of the definition of discontinued operations in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations.
	The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. For most nonpublic organizations, it is effective for annual financial statements with fiscal years beginning on or after December 15, 2014. Early adoption is permitted.

BASIS_OF_PRESENTATION_AND_SUMM2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2014
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
	2014	$	10,000
	2015		20,000
	2016		20,000
	2017		20,000
	Thereafter		66,666
	Total	$	136,666
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 are as follows:
		Net Revenues		Net Assets (Liabilities)
	US Revenue	$	336,485	$	-2,236,153
	Asia (all of MegaSys)	$	204,357	$	-32,703
	Mexico (TDN)	$	120,462
	Philippines	$	64,822
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 June 30, 2014		Ended June 30, 2014		Consolidated
		Iveda Solutions, Inc.		MegaSys		Total
	Revenue	$	318,459	$	32,803	$	351,262
	Cost of Revenue		298,707		15,160		313,867
	Gross Profit		19,752		17,643		37,395
	Depreciation and Amortization		51,320		3,005		54,325
	General and Administrative		1,452,472		24,287		1,476,759
	(Loss) from Operations		-1,484,040		-9,649		-1,493,689
	Foreign Currency Gain (Loss)		10,909		-2,434		8,475
	Gain on Derivatives		30,401		-		30,401
	Interest Income		775		1,099		1,874
	Interest Expense		-115,266		-4,683		-119,949
	(Loss) Before Income Taxes		-1,557,221		-15,667		-1,572,888
	(Provision) for Income Taxes		-		-15,879		-15,879
	Net Loss	$	-1,557,221	$	-31,546	$	-1,588,767
		Six Months		Six Months		Condensed
		Ended June 30, 2014		Ended June 30, 2014		Consolidated
		Iveda Solutions, Inc.		MegaSys		Total
	Revenue	$	521,769	$	204,357	$	726,126
	Cost of Revenue		474,188		50,213		524,401
	Gross Profit		47,581		154,144		201,725
	Depreciation and Amortization		102,206		8,746		110,952
	General and Administrative		2,740,752		207,110		2,947,862
	(Loss) from Operations		-2,795,377		-61,712		-2,857,089
	Foreign Currency Gain (Loss)		10,709		-		10,709
	Gain on Derivatives		42,001		-		42,001
	Interest Income		775		1,102		1,877
	Interest Expense		-168,207		-7,746		-175,953
	(Loss) Before Income Taxes		-2,910,099		-68,356		-2,978,455
	(Provision) for Income Taxes		-		-15,879		-15,879
	Net Loss	$	-2,910,099	$	-84,235	$	-2,994,334
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				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Revenues
	United States	$	318,459	$	222,988	$	521,769	$	370,237
	Republic of China (Taiwan)		32,803		571,178		204,357		1,039,151
		$	351,262	$	794,166	$	726,126	$	1,409,388
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Operating earnings (loss)
	United States	$	-1,484,040	$	-1,334,716	$	-2,795,377	$	-2,472,997
	Republic of China (Taiwan)		-9,649		-114,124		-61,712		-196,652
		$	-1,493,689	$	-1,448,840	$	-2,857,089	$	-2,669,649
		Six Months Ended
		June 30,
		2014		2013
	Property and equipment, net
	United States	$	544,092	$	469,598
	Republic of China (Taiwan)		40,791		11,832
		$	584,883	$	481,430
		Six Months Ended
		June 30,
		2014		2013
	Additions to long-lived assets
	United States	$	198,888	$	68,598
	Republic of China (Taiwan)		15,490		-8,514
		$	214,378	$	60,084
		Six Months Ended
		June 30,
		2014		2013
	Inventory
	United States	$	376,076	$	32,656
	Republic of China (Taiwan)		149,246		124,916
		$	525,322	$	157,572
		Six Months Ended
		June 30,
		2014		2013
	Total Assets
	United States	$	1,955,088	$	2,825,183
	Republic of China (Taiwan)		2,133,558		2,722,010
		$	4,088,646	$	5,547,193

SHORTTERM_DEBT_Tables

SHORT-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	The short term debt balances were as follows:
		June 30,		December 31,
		2014		2013
	Loan from Shanghai Commercial & Savings Bank at various interest rates ranging from 1% per annum to 3.26%. Due at various dates from April 2014 — September 2014.	$	122,920	$	60,291
	Loan from Hua Nan Bank at various interest rates ranging from 1% per annum to 3% per annum. Due at various dates from September - December 2014.		334,900		-
	Balance at end of period	$	457,820	$	60,291

STOCK_OPTION_PLAN_AND_WARRANTS1

STOCK OPTION PLAN AND WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2014
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	'
	Stock option transactions during the six months ended June 30, 2014 were as follows:
		Six months ended June 30, 2014
					Weighted-
					Average Exercise
		Shares			Price
	Outstanding at Beginning of Year		5,639,322		$	1.07
	Granted		312,000			1.71
	Exercised		-56,345			0.1
	Forfeited or Canceled		-190,500			1.22
	Outstanding at End of Period		5,704,477			1.11
	Options Exercisable at Period-End		4,701,316		$	1.35
	Weighted-Average Fair Value of Options Granted During the Period	$	0.44
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 June 30, 2014 is as follows:
		Options Outstanding						Options Exercisable
				Weighted-
		Number		Average		Weighted-		Number	Weighted-
		Outstanding		Remaining		Average		Exercisable	Average
		at June 30,		Contractual		Exercise		at June 30,	Exercise
	Range of Exericse Prices	2014		Life		Price		2014	Price
	$0.10 - $1.80	5,758,477		7.5		$	1.11	4,701,316	$	1.35
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.
			2014
	Expected Life		6.25	yrs
	Dividend Yield		0	%
	Expected Volatility		21.09	%
	Risk-Free Interest Rate		2.67	%
Warrant [Member]	'
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	'
	Stock warrant transactions during the six months ended June 30, 2014 were as follows:
	Outstanding at Beginning of Year	3,883,641
	Granted	341,698
	Exercised	-530,000
	Forfeited or Canceled	-50,000
	Warrants Redeemable at June 30, 2014	3,645,339

EARNINGS_LOSS_PER_SHARE_Tables

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2014
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		Six Months		Six Months
		Ending		Ending		Ending		Ending
	Basic EPS	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
	Net Loss	$	-1,588,767	$	-1,506,921	$	-2,994,334	$	-2,763,149
	Weighted Average Shares		26,849,456		24,866,675		26,814,103		23,409,185
	Basic and Diluted Loss Per Share	$	-0.06	$	-0.06	$	-0.11	$	-0.12

BASIS_OF_PRESENTATION_AND_SUMM3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Trademarks [Member], USD $)	Jun. 30, 2014
Trademarks [Member]	'
Accounting Policies [Line Items]	'
2014	$10,000
2015	20,000
2016	20,000
2017	20,000
Thereafter	66,666
Total	$136,666

BASIS_OF_PRESENTATION_AND_SUMM4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Line Items]	'	'	'	'
Net Revenues	$351,262	$794,166	$726,126	$1,409,388
US Revenue [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Net Revenues	'	'	336,485	'
Net Assets (Liabilities)	-2,236,153	'	-2,236,153	'
Asia (all of MegaSys) [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Net Revenues	'	'	204,357	'
Net Assets (Liabilities)	-32,703	'	-32,703	'
Mexico (TDN) [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Net Revenues	'	'	120,462	'
Philippines [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Net Revenues	'	'	$64,822	'

BASIS_OF_PRESENTATION_AND_SUMM5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Line Items]	'	'	'	'
Revenue	$351,262	$794,166	$726,126	$1,409,388
Cost of Revenue	313,867	627,934	524,401	1,192,882
Gross Profit	37,395	166,232	201,725	216,506
Depreciation and Amortization	'	'	110,952	113,349
(Loss) from Operations	-1,493,689	-1,448,840	-2,857,089	-2,669,649
Foreign Currency Gain (Loss)	8,475	-918	10,709	-1,107
Gain on Derivatives	'	'	42,001	-44,000
Interest Expense	-119,949	-30,660	-175,953	-49,390
(Loss) Before Income Taxes	-1,572,888	-1,506,921	-2,978,455	-2,763,149
(Provision) for Income Taxes	-15,879	0	-15,879	0
Net Loss	-1,588,767	-1,506,921	-2,994,334	-2,763,149
Iveda Solutions Inc [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Revenue	318,459	'	521,769	'
Cost of Revenue	298,707	'	474,188	'
Gross Profit	19,752	'	47,581	'
Depreciation and Amortization	51,320	'	102,206	'
General and Administrative	1,452,472	'	2,740,752	'
(Loss) from Operations	-1,484,040	'	-2,795,377	'
Foreign Currency Gain (Loss)	10,909	'	10,709	'
Gain on Derivatives	30,401	'	42,001	'
Interest Income	775	'	775	'
Interest Expense	-115,266	'	-168,207	'
(Loss) Before Income Taxes	-1,557,221	'	-2,910,099	'
(Provision) for Income Taxes	0	'	0	'
Net Loss	-1,557,221	'	-2,910,099	'
Megasys [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Revenue	32,803	'	204,357	'
Cost of Revenue	15,160	'	50,213	'
Gross Profit	17,643	'	154,144	'
Depreciation and Amortization	3,005	'	8,746	'
General and Administrative	24,287	'	207,110	'
(Loss) from Operations	-9,649	'	-61,712	'
Foreign Currency Gain (Loss)	-2,434	'	0	'
Gain on Derivatives	0	'	0	'
Interest Income	1,099	'	1,102	'
Interest Expense	-4,683	'	-7,746	'
(Loss) Before Income Taxes	-15,667	'	-68,356	'
(Provision) for Income Taxes	-15,879	'	-15,879	'
Net Loss	-31,546	'	-84,235	'
Condensed Consolidated [Member]	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'
Revenue	351,262	'	726,126	'
Cost of Revenue	313,867	'	524,401	'
Gross Profit	37,395	'	201,725	'
Depreciation and Amortization	54,325	'	110,952	'
General and Administrative	1,476,759	'	2,947,862	'
(Loss) from Operations	-1,493,689	'	-2,857,089	'
Foreign Currency Gain (Loss)	8,475	'	10,709	'
Gain on Derivatives	30,401	'	42,001	'
Interest Income	1,874	'	1,877	'
Interest Expense	-119,949	'	-175,953	'
(Loss) Before Income Taxes	-1,572,888	'	-2,978,455	'
(Provision) for Income Taxes	-15,879	'	-15,879	'
Net Loss	($1,588,767)	'	($2,994,334)	'

BASIS_OF_PRESENTATION_AND_SUMM6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Accounting Policies [Line Items]	'	'	'	'	'
Revenues	$351,262	$794,166	$726,126	$1,409,388	'
Operating earnings (loss)	-1,493,689	-1,448,840	-2,857,089	-2,669,649	'
Property and equipment, net	584,883	481,430	584,883	481,430	471,182
Additions to long-lived assets	214,378	60,084	214,378	60,084	'
Inventory	525,322	157,572	525,322	157,572	'
Total Assets	4,088,646	5,547,193	4,088,646	5,547,193	3,679,246
UNITED STATES	'	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'	'
Revenues	318,459	222,988	521,769	370,237	'
Operating earnings (loss)	-1,484,040	-1,334,716	-2,795,377	-2,472,997	'
Property and equipment, net	544,092	469,598	544,092	469,598	'
Additions to long-lived assets	198,888	68,598	198,888	68,598	'
Inventory	376,076	32,656	376,076	32,656	'
Total Assets	1,955,088	2,825,183	1,955,088	2,825,183	'
Republic of China (Taiwan) [Member]	'	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'	'
Revenues	32,803	571,178	204,357	1,039,151	'
Operating earnings (loss)	-9,649	-114,124	-61,712	-196,652	'
Property and equipment, net	40,791	11,832	40,791	11,832	'
Additions to long-lived assets	15,490	-8,514	15,490	-8,514	'
Inventory	149,246	124,916	149,246	124,916	'
Total Assets	$2,133,558	$2,722,010	$2,133,558	$2,722,010	'

BASIS_OF_PRESENTATION_AND_SUMM7

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	6 Months Ended			6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
	USD ($)	USD ($)	USD ($)	Customer Three [Member]	Customer Three [Member]	Accounts Receivable [Member]	Accounts Receivable [Member]	Minimum [Member]	Maximum [Member]	Maximum [Member]
				US Based Segment [Member]	Taiwan Based Segment [Member]	US Based Segment [Member]	Taiwan Based Segment [Member]		TWD	USD ($)
Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'	'
Accumulated Deficit	$24,796,124	'	$21,801,790	'	'	'	'	'	'	'
Cash CDIC Insured Amount	'	'	'	'	'	'	'	'	3,000,000	'
Concentration Risk Customer Percentage	'	'	'	49.00%	58.00%	80.00%	80.00%	'	'	'
Finite-Lived Intangible Asset, Useful Life	'	'	'	'	'	'	'	'6 months	'10 years	'
Bridge Loan	3,600,000	'	'	'	'	'	'	'	'	'
Net Cash Provided by (Used in) Operating Activities	-3,231,777	-1,909,123	'	'	'	'	'	'	'	'
Potential Capital Raise	'	'	'	'	'	'	'	'	'	$30,000,000

SHORTTERM_DEBT_Details

SHORT-TERM DEBT (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Short-term Debt [Line Items]	'	'
Short-term Debt, Total	$457,820	$60,291
Shanghai Commercial And Savings Bank [Member]	'	'
Short-term Debt [Line Items]	'	'
Short Term Bank Loans	122,920	60,291
Hua Nan Bank [Member]	'	'
Short-term Debt [Line Items]	'	'
Short Term Bank Loans	$334,900	$0

SHORTTERM_DEBT_Details_Textual

SHORT-TERM DEBT (Details Textual)	6 Months Ended
	Jun. 30, 2014
Short-term Debt [Line Items]	'
Debt Instrument, Interest Rate, Stated Percentage	9.50%
Maximum [Member] | Shanghai Commercial And Savings Bank [Member]	'
Short-term Debt [Line Items]	'
Debt Instrument, Maturity Date	30-Sep-14
Debt Instrument, Interest Rate, Stated Percentage	3.26%
Maximum [Member] | Hua Nan Bank [Member]	'
Short-term Debt [Line Items]	'
Debt Instrument, Maturity Date	31-Dec-14
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Minimum [Member] | Shanghai Commercial And Savings Bank [Member]	'
Short-term Debt [Line Items]	'
Debt Instrument, Maturity Date	30-Apr-14
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Minimum [Member] | Hua Nan Bank [Member]	'
Short-term Debt [Line Items]	'
Debt Instrument, Maturity Date	30-Sep-14
Debt Instrument, Interest Rate, Stated Percentage	1.00%

CONVERTIBLE_DEBENTURES_Details

CONVERTIBLE DEBENTURES (Details Textual) (USD $)	3 Months Ended	6 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
				Warrant [Member]	Warrant [Member]	Interest Expense [Member]	Interest Expense [Member]	Interest Expense [Member]	Interest Expense [Member]	Interest Expense [Member]
					Convertible Debt [Member]	Scenario, Forecast [Member]	Scenario, Forecast [Member]	Scenario, Forecast [Member]	Scenario, Forecast [Member]	Scenario, Forecast [Member]
Debt Instrument, Term	'	'3 years	'	'5 years	'	'	'	'	'	'
Debt Instrument, Convertible, Conversion Price	$1.50	$1.50	'	'	'	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	9.50%	9.50%	'	'	'	'	'	'	'	'
Warrant share Issued	'	327,273	'	'	'	'	'	'	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	'	'	'	$1.65	'	'	'	'	'	'
Warrant share Issued For Financing Cost	'	199,243	'	'	'	'	'	'	'	'
Debt Instrument, Fair Value Disclosure	'	'	'	'	$140,392	'	'	'	'	'
Long-term Debt, Gross	3,600,000	3,600,000	'	'	'	'	'	'	'	'
Debt Instrument, Increase, Accrued Interest	'	99,640	'	'	'	'	'	'	'	'
Debt Instrument, Unamortized Discount	126,780	126,780	'	'	'	4,000	48,000	65,000	100,000	100,000
Debt Instrument, Convertible, Remaining Discount Amortization Period	'	'3 years	'	'	'	'	'	'	'	'
Derivative Liability, Current	124,017	124,017	39,804	'	'	'	'	'	'	'
Derivative, Loss on Derivative	30,401	42,001	'	'	'	'	'	'	'	'
Convertible Debt, Total	3,473,220	3,473,220	'	'	'	'	'	'	'	'
Payment of Financing and Stock Issuance Costs, Total	'	$260,635	'	'	'	'	'	'	'	'

EQUITY_Details_Textual

EQUITY (Details Textual) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Equity [Line Items]	'	'
Preferred Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$0.00	$0.00
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercises In Period	56,345	'
Debt Conversion, Converted Instrument, Rate	5.00%	'
Debt Conversion, Converted Instrument, Amount	$504,000	'
Warrant [Member]	'	'
Equity [Line Items]	'	'
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercises In Period	530,000	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1.65	'
Warrants Exercised One [Member] | Advisor and Shareholder [Member]	'	'
Equity [Line Items]	'	'
Warrants Exercised to Purchase of Common Stock	200,000	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1.02	'
Warrants Exercised Two [Member] | Advisor and Shareholder [Member]	'	'
Equity [Line Items]	'	'
Warrants Exercised to Purchase of Common Stock	300,000	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1	'

STOCK_OPTION_PLAN_AND_WARRANTS2

STOCK OPTION PLAN AND WARRANTS (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Shares, Outstanding at Beginning of Year	5,639,322
Shares, Granted	312,000
Shares, Exercised	-56,345
Shares, Forfeited or Canceled	-190,500
Shares, Outstanding at End of Period	5,704,477
Shares, Options Exercisable at Period-End	4,701,316
Weighted-Average Fair Value of Options Granted During the Period	$0.44
Weighted - Average Exercise Price, Outstanding at Beginning of Year	$1.07
Weighted - Average Exercise Price, Granted	$1.71
Weighted - Average Exercise Price, Exercised	$0.10
Weighted - Average Exercise Price, Forfeited or Canceled	$1.22
Weighted - Average Exercise Price, Outstanding at End of Period	$1.11
Weighted - Average Exercise Price, Options Exercisable at Period-End	$1.35

STOCK_OPTION_PLAN_AND_WARRANTS3

STOCK OPTION PLAN AND WARRANTS (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
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 June 30, 2014 (in shares)	5,758,477
Weighted - Average Remaining Contractual Life (in years)	'7 years 6 months
Options Outstanding, Weighted -Average Exercise Price (in dollars per share)	$1.11
Number of Options, Exercisable at June 30, 2014 (in shares)	4,701,316
Options Exercisable, Weighted - Average Exercise Price (in dollars per share)	$1.35

STOCK_OPTION_PLAN_AND_WARRANTS4

STOCK OPTION PLAN AND WARRANTS (Details 2)	6 Months Ended
	Jun. 30, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Expected Life	'6 years 3 months
Dividend Yield	0.00%
Expected Volatility	21.09%
Risk-Free Interest Rate	2.67%

STOCK_OPTION_PLAN_AND_WARRANTS5

STOCK OPTION PLAN AND WARRANTS (Details 3) (Warrant [Member])	6 Months Ended
	Jun. 30, 2014
Warrant [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Outstanding at Beginning of Year	3,883,641
Granted	341,698
Exercised	-530,000
Forfeited or Canceled	-50,000
Warrants Redeemable at June 30, 2014	3,645,339

STOCK_OPTION_PLAN_AND_WARRANTS6

STOCK OPTION PLAN AND WARRANTS (Details Textual) (Warrant [Member], USD $)	Jun. 30, 2014
Warrant [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	$1.65

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)

6 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

27-May-14

27-May-14

Mar. 04, 2014

Dec. 20, 2013

Mar. 04, 2014

Dec. 20, 2013

Jun. 20, 2013

Nov. 19, 2012

27-May-14

Mar. 04, 2014

Dec. 20, 2013

Warrant [Member]

Board of Directors Chairman [Member]

Board of Directors Chairman [Member]

President and Chief Financial Officer [Member]

President and Chief Financial Officer [Member]

President and Chief Financial Officer [Member]

President and Chief Financial Officer [Member]

Board [Member]

Board [Member]

Convertible Debt [Member]

Convertible Debt [Member]

Convertible Debt [Member]

Warrant [Member]

Warrant [Member]

Warrant [Member]

Board of Directors Chairman [Member]

President and Chief Financial Officer [Member]

President and Chief Financial Officer [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

$38,000

'

$50,000

$75,000

'

'

'

$100,000

'

'

'

Debt Instrument, Interest Rate at Period End

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

'

19-Dec-14

'

'

'

Issuance of Warrants to Purchase Common Stock

'

'

'

3,455

'

4,545

6,818

'

'

'

10,000

'

'

'

Amortization of Debt Discount (Premium)

13,152

0

'

'

290

'

'

377

570

'

'

1,214

956

722

Debt Instrument, Convertible, Conversion Price

$1.50

'

'

$1.50

'

$1.50

$1.50

'

'

'

$1.10

'

'

'

Debt Instrument, Convertible, Remaining Discount Amortization Period

'3 years

'

'

'

'

'

'3 years

'

'

'

'

'

'

'

Interest Expense, Debt

'

'

'

'

'

'

'

'

'

$5,000

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

9.50%

'

'

9.50%

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Exercise Price of Warrants or Rights

'

'

$1.65

$1.65

'

$1.65

$1.65

'

'

'

$1.10

'

'

'

EARNINGS_LOSS_PER_SHARE_Detail

EARNINGS (LOSS) PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Basic EPS	'	'	'	'
Net Loss	($1,588,767)	($1,506,921)	($2,994,334)	($2,763,149)
Weighted Average Shares (in shares)	26,849,456	24,866,675	26,814,103	23,409,185
Basic and Diluted Loss Per Share (in dollars per share)	($0.06)	($0.06)	($0.11)	($0.12)

EARNINGS_LOSS_PER_SHARE_Detail1

EARNINGS (LOSS) PER SHARE (Details Textual)	6 Months Ended
	Jun. 30, 2014
Common Stock [Member]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	9,403,816
Convertible Debt [Member]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,400,000