Iveda Solutions, Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. During the reporting period, the Company issued 6,000 common shares to a shareholder for origination points for $100,000 short term loan. During the reporting period, the Company issued 628,571 unregistered common shares and 800,000 warrants to purchase common shares at $0.35 to a shareholder for a $500,000 strategic investment. During the reporting period, the Company issued 60,000 unregistered common shares to our independent contractor in Vietnam for referring the $500,000 strategic investor. The issuances were effected pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. ITEM 3. DEFAULT UPON SENIOR SECURITIES. None. ITEM 4. MINE SAFETY DISCLOSURES. Not applicable.