Iveda Solutions, Inc. 10-K

ITEM 5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Our common stock is quoted on the OTC Bulletin Board under the symbol “IVDA.” Set forth in the table below is information with respect to the high and low bid quotations of our common stock for the periods indicated as reported by the OTC Bulletin Board. The quotations represent inter-dealer prices without retail mark-ups, mark-downs, or commissions and may not necessarily represent actual transactions. Our common stock is currently quoted on the OTC Markets, PINK Current Information tier, under the trading symbol “IVDA”. Any over-the-counter market quotations reflect inter-dealer prices, without retail mark-up, mark-down, or commission and may not necessarily represent actual transactions. Trading in stocks quoted on the OTC Markets is often thin and is characterized by wide fluctuations in trading prices due to many factors that may have little to do with a company’s operations or business prospects. We cannot assure you that there will be a market for our common stock in the future. See the High and Low Bid data below: Fiscal Year 2021 High Bid Low Bid First Quarter $ 1.09 $ 0.27 Second Quarter $ 1.00 $ 0.40 Third Quarter $ 0.80 $ 0.45 Fourth Quarter $ 2.35 $ 0.80 Fiscal Year 2020 High Bid Low Bid First Quarter $ 0.45 $ 0.25 Second Quarter $ 0.47 $ 0.26 Third Quarter $ 0.37 $ 0.28 Fourth Quarter $ 0.55 $ 0.26 As of December 31, 2021, we had 77,346,950 shares of our Common Stock, par value $0.00001, issued and outstanding. There were approximately 700 beneficial owners of our Common Stock. There is limited trading activity in our securities, and there can be no assurance that a regular trading market for our common stock will be sustained. Security Holders As of December 31, 2021, we had 77,346,950 shares of our common stock outstanding held by 289 shareholders of record, 0 shares of our Series A Preferred Stock outstanding and 0 shares of our series B Preferred Stock. Dividend Policy We have never paid a cash dividend on our common stock. We currently intend to retain all earnings, if any, to finance the growth and development of our business. We do not anticipate paying any cash dividends in the foreseeable future. Equity Compensation Plans For equity compensation plans information refer to Item 12 of Part III of this Annual Report on Form 10-K. 20 Recent Sales of Unregistered Securities Set forth below are the sales of all securities by the Company within the past three years which were not registered under the Securities Act. The Company believes that each of such issuances was exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act and/or Regulation S under the Securities Act. Between January 1. 2018 and December 31, 2019 the Company issued and sold an aggregate of 181,654 shares of common stock to investors for aggregate proceeds of approximately $64,000 in gross proceeds. Between January 1, 2020 and December 31, 2021 the Company issued and sold an aggregate of 6,686,057 shares of common stock to investors for aggregate proceeds of approximately $2,790,000 in gross proceeds. Between January 1, 2020 and December 31, 2021 the Company issued 3,516,215 shares of common stock to convertible debt holders upon conversion of $1,294,580 in principal and interest. All of the securities referred to, above, were issued without registration under the Securities Act of 1933, as amended (the “Securities Act”) in reliance on the exemptions provided by Section 4(a)(2) of the Securities Act as provided in Rule 506(b) of Regulation D promulgated thereunder. ITEM 6 – SELECTED FINANCIAL DATA Not applicable.