What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-03-31 compared with 2025-04-15 · 32 added, 35 removed, 329 unchanged (17% of the section changed)

19 unchanged sentences

which is a global standard for the interface of IP-based physical security products.

2014, we changed our business model from direct project-based sales to selling IoT hardware to service providers

such as telecommunications companies, integrators, and other technology resellers already providing services to an existing customer

Partnering with service providers that have an existing loyal customer base allows us to focus on servicing just a handful of our

partners and concentrating on our technology offering.

Service providers leverage their end-user infrastructure to sell, bill, and provide

customer service for Iveda’s product offering.

2014, we changed our business model from direct project-based sales to selling IoT hardware to service providers such as telecommunications

companies, integrators, and other technology resellers already providing services to an existing customer base.

Partnering with service

providers that have an existing loyal customer base allows us to focus on servicing just a handful of our partners and concentrating

on our technology offering.

Service providers leverage their end-user infrastructure to sell, bill, and provide customer service for

Iveda’s product offering.

Taiwan, our subsidiary in Taiwan, specializes in deploying new, and integrating existing, video surveillance systems for airports, commercial

8 unchanged sentences

Iveda Taiwan since we acquired them in April 2011.

On March 14, 2025, the Company

redomiciled as a Delaware corporation following approval of a majority of the Company’s shareholders at its reconvened 2024 Annual

Meeting of Shareholders held on March 4, 2025.

Since the Company did not receive shareholder approval for the issuance of shares of Common

Stock underlying warrants issued in our September 2024 offering, the Annual Meeting was adjourned to June 2, 2025 to allow for additional

time to obtain votes for this proposal.

offers smart city technologies globally, offering advanced AI-driven video surveillance solutions and a robust suite of Internet of

Things (IoT) platforms that power digital transformation for cities and commercial clients worldwide.

The smart cities market, as

well as the AI and IoT segments, are poised for significant growth in the coming years.

March 14, 2025, the Company redomiciled as a Delaware corporation following approval of a majority of the Company’s

shareholders at its reconvened 2024 Annual Meeting of Shareholders held on March 4, 2025.

The Company received shareholder approval

for the issuance of shares of Common Stock underlying warrants issued in our September 2024 offering at the August 29, 2025

reconvened 2024 Annual Meeting.

offers smart city technologies globally, offering advanced AI-driven video surveillance solutions and a robust suite of Internet of Things

(IoT) platforms that power digital transformation for cities and commercial clients worldwide.

The smart cities market, as well as the

AI and IoT segments, are poised for significant growth in the coming years.

new report from Verified Market Research projects that the global smart city platforms market size will grow at a CAGR of 9% from 2026

202 unchanged sentences

are continuing development of Cerebro, our proprietary IoT platform, utilizing internal resources and outsourced software engineers.

Our LevelNOW product will be utilizing Cerebro on a per device license basis during 2025.

Our LevelNOW product utilized Cerebro on a per device license basis during 2025.

regard certain aspects of our internal operations, products, and documentation as proprietary and rely on a combination of copyright

33 unchanged sentences

and IoT segments, are poised for significant growth in the coming years.

A new report from Verified Market Research projects

that the global smart city platforms market size will grow at a CAGR of 9% from 2026 to 2032, increasing from USD 208.8 billion to USD

416.1 billion.

Meanwhile, Fortune Business Insights reports that the global IoT market—valued at USD 308.97 billion in 2020—expanded

by 23.1% that year, substantially outpacing the average annual growth rate from 2017 to 2019.

Looking ahead, IoT is expected to surge

from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028.

Additionally, the International Data Corporation (IDC) projects that global spending on artificial intelligence will

double from USD 50.1 billion in 2020 to over USD 110 billion in 2024.

These trends underscore the rising demand for connected solutions

and highlight the promising future of innovative technologies that enhance the safety and efficiency of urban environments.

With its cutting-edge

products and global reach, Iveda is uniquely positioned to lead this transformation, providing the advanced solutions that cities need

to move forward smartly and securely.

new report from Verified Market Research projects that the global smart city platforms market size will grow at a CAGR of 9% from 2026

to 2032, increasing from USD 208.8 billion to USD 416.1 billion.

Meanwhile, Fortune Business Insights reports that the global IoT market—valued

at USD 308.97 billion in 2020—expanded by 23.1% that year, substantially outpacing the average annual growth rate from 2017 to

Looking ahead, IoT is expected to surge from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028.

Additionally,

the International Data Corporation (IDC) projects that global spending on artificial intelligence will double from USD 50.1 billion in

2020 to over USD 110 billion in 2024.

These trends underscore the rising demand for connected solutions and highlight the promising future

of innovative technologies that enhance the safety and efficiency of urban environments.

With its cutting-edge products and global reach,

Iveda is uniquely positioned to lead this transformation, providing the advanced solutions that cities need to move forward smartly and

principal executive office is located at 1744 S.

4 unchanged sentences

Our registered agent is National Registered Agent, Inc.

and their office is located at 1209 Orange Street, in the City of Wilmington, in the county of New Castle,

Delaware 19801.

and their office is located at 1209 Orange

Street, in the City of Wilmington, in the county of New Castle, Delaware 19801.

security and surveillance industry and consumer data privacy are subject to government regulation.

31 unchanged sentences

we completed our acquisition of Iveda Taiwan, which was incorporated in the Republic of China (Taiwan) on July 5, 1999.

14, 2025, the Company redomiciled as a Delaware corporation with 300,000,000 authorized shares of common stock and 12,500,000 shares

of preferred stock.

2025, the Company redomiciled as a Delaware corporation with 300,000,000 authorized shares of common stock and 12,500,000 shares of preferred

common stock is listed on NASDAQ under the symbol “IVDA.”

20 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business