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Item 9A. Controls and Procedures

2025-04-15 compared with 2024-04-01 · 996 added, 737 removed, 711 unchanged (71% of the section changed)

9A – CONTROLS AND PROCEDURES

of Disclosure Controls and Procedures

the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we conducted

an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e)

and 15d-15(e) under the Exchange Act).

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer, as of December

31, 2023, concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act)

are not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act

was recorded, processed, summarized, and reported within the time periods specified in SEC rules and forms, and that such information

is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate,

to allow timely decisions regarding required disclosure.

Report on Internal Control over Financial Reporting

management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f)

under the Exchange Act.

the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, we evaluated the effectiveness

of our internal control over financial reporting as of December 31, 2023 as required by Rule 13a-15(c) under the Exchange Act.

the criteria and framework established by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission in Internal

Control – Integrated Framework (2013) in performing this assessment.

Based on this evaluation, management concluded that our

internal control over financial reporting was not effective as of December 31, 2023.

control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting

and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

Annual Report on Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control

over financial reporting.

Our management’s report was not subject to attestation by our independent registered public accounting

firm pursuant to rules of the SEC that permit us to provide only management’s report in this Annual Report on Form 10-K.

in Internal Control over Financial Reporting

December 2013, we hired Robert J.

Brilon, as Chief Financial Officer who has experience in SEC reporting and disclosures.

We have plans

for hiring additional financial personnel and implementing additional controls and processes involving both of our financial personnel

in order to ensure all transactions are accounted for and disclosed in an accurate and timely manner.

There have not been any other changes

in our internal control over financial reporting identified by management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d)

of the Exchange Act during the most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, our

internal control over financial reporting.

on the Effectiveness of Controls

management, including our Chief Executive Officer and Chief Financial Officer, does not expect that our disclosure controls and procedures

or our internal controls will prevent all error and all fraud.

A control system, no matter how well conceived and operated, can provide

only reasonable, not absolute, assurance that the objectives of the control system are met.

Further, the design of a control system must

reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs.

of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues,

misstatements, errors, and instances of fraud, if any, within our company have been or will be prevented or detected.

These inherent

limitations include the realities that judgments in decision making can be faulty, and that breakdowns can occur because of a simple

error or mistake.

Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people,

or by management or Board override of the control.

design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can

be no assurance that any design will succeed in achieving its stated goals under all potential future conditions;

over time, controls

may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Material Weakness

of December 31, 2023, we need to hire additional employees at Iveda Taiwan that are knowledgeable in SEC accounting and reporting.

staffing at the subsidiary level will provide daily oversight of Iveda Taiwan’s operations and minimize the likelihood of any material

error in reporting the subsidiary’s results.

Action plans are in place to address this staffing need during 2023.

Remediation Initiatives

our resources allow, we plan to add financial personnel at the subsidiary level to properly provide accurate and timely financial reporting.

of December 31, 2023, we had two employees knowledgeable in SEC accounting and reporting.

Our management has put in place policies and

procedures designed, to the extent possible, to segregate the duties of initiating transactions, maintaining custody over assets, and

recording transactions.

Due to our size and limited resources, segregation of all conflicting duties may not always be possible and may

not be economically feasible.

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Principal Financial

Officer, after evaluating the effectiveness of our “disclosure controls and procedures” (as defined in the Securities Exchange

Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this Annual Report on Form 10-K (the “Evaluation

Date”), concluded that as of the Evaluation Date, our disclosure controls and procedures were not effective to provide reasonable

assurance that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed,

summarized and reported within the time periods specified in the Securities and Exchange Commission rules and forms.

Based on their evaluation of our disclosure controls

and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2024, our Principal Executive Officer

and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective to provide reasonable assurance

that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized

and reported within the time periods specified in SEC rules and forms, and that such information is accumulated and communicated to our

management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required

Management’s Annual Report on Internal

Control over Financial Reporting

Our management is responsible for establishing and

maintaining adequate internal control over financial reporting, as such term is defined in the Securities Exchange Act of 1934

Rule 13a-15(f).

Our management conducted an evaluation of the effectiveness of our internal control over financial reporting based on

the framework in Internal Control - Integrated Framework, issued by the Committee of Sponsoring Organizations of the Treadway Commission

(the “COSO Framework”).

Our internal control over financial reporting is a process designed to provide reasonable assurance

regarding the reliability of our financial reporting and the preparation of our financial statements for external purposes in accordance

As of December 31, 2024, management assessed the effectiveness

of our internal control over financial reporting based on the criteria for effective internal control over financial reporting established

in Internal Control-Integrated Framework of 2013 issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”)

and SEC guidance on conducting such assessments.

Based on that evaluation under this framework, our management concluded that as of December

31, 2024, our internal control over financial reporting was not effective because of the following material weaknesses:

The material weaknesses identified include (i) the

Company had inadequate segregation of duties consistent with control objectives and (ii) the Company had an insufficient number of personnel

with an appropriate level of U.S.

GAAP knowledge and experience and ongoing training in the application of U.S.

GAAP and SEC disclosure

requirements commensurate with the Company’s financial reporting requirements.

We are working to remediate the deficiencies and material

Our remediation efforts are ongoing, and we will continue our initiatives to implement and document policies, procedures,

and internal controls.

We have taken steps to enhance our internal control environment and plan to take additional steps to remediate

the deficiencies and address material weaknesses.

In addition, we continue to evaluate, remediate and improve our internal control over

financial reporting, executive management may elect to implement additional measures to address control deficiencies or may determine

that the remediation efforts described above require modification.

Executive management, in consultation with and at the direction of

our Audit Committee, will continue to assess the control environment and the above-mentioned efforts to remediate the underlying causes

of the identified material weaknesses.

Although we plan to complete this remediation process

as quickly as possible, we are unable, at this time to estimate how long it will take;

and our efforts may not be successful in remediating

the deficiencies or material weaknesses.

This Annual Report does not include an attestation

report of the Company’s independent registered public accounting firm regarding internal control over financial reporting.

report was not subject to attestation by the Company’s independent registered public accounting firm pursuant to rules of the SEC

that permit the company to provide only management’s report on internal control in this annual report.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over

financial reporting during the year ended December 31, 2024, that have materially affected, or are reasonably likely to materially affect,

our internal control over financial reporting.

Inherent Limitations on Effectiveness of Controls

Because of its inherent limitations, internal control

over financial reporting may not prevent or detect misstatements.

Projections of any evaluation of effectiveness to future periods are

subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies

or procedures may deteriorate.

All internal control systems, no matter how well designed, have inherent limitations.

These include the

fact that human judgment in decision-making can be faulty and that breakdowns in internal control can occur because of human failures

such as simple errors or mistakes or intentional circumvention of the established process.

Therefore, even those systems determined to

be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.

Because of the inherent

limitations of internal control, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal

control over financial reporting.

However, these inherent limitations are known features of the financial reporting process.

Changes in Disclosure Controls and Procedures

9B – OTHER INFORMATION

Corporate Governance

the period covered by this Annual Report on Form 10-K,

there were no changes to the procedures by which security holders may recommend nominees to the Company’s Board of Directors.

the period covered by this Annual Report on Form 10-K, there were no changes to the procedures by which security holders may recommend

nominees to the Company’s Board of Directors.

Insider Trading Arrangements and Policies

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DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

10 – DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

1 unchanged sentence

forth below is information concerning our directors, director nominees, executive officers and other key employees.

Executive Officer, Chairman of the Board of Directors and President

Financial Officer, Treasurer and Corporate Secretary

Technology Officer

Chief Executive Officer, Chairman of the Board of Directors

and President

Chief Financial Officer, Treasurer and Corporate Secretary

Chief Technology Officer

Joseph Farnsworth

Alejandro Franco

Ly founded our company and has served as our Chief Executive Officer and Chairman of the Board of Directors since October 2009.

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December 2008 to August 2010.

Brilon is a Board Director and independent contract CFO for Bitech Technologies Corporation from October

Brilon is a Board Director and independent contract CFO for Bimergen Energy Corporation from October

2021 to present.

24 unchanged sentences

to November 2016.

Omi served as a senior programmer for Zynga, an online and mobile social gaming company, from November 2009

to March 2014 and then again briefly in 2016 and 2019 as architect.

Omi served as a senior programmer for Zynga, an online and mobile social gaming company, from November 2009 to

March 2014 and then again briefly in 2016 and 2019 as architect.

Omi served as senior engineer at Tesla, an electric vehicle manufacturer,

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the independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by the independent auditors;

with the independent auditors any audit problems or difficulties and management’s response;

the annual audited financial statements with management and the independent auditors;

the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and

control major financial risk exposures;

and approving all proposed related party transactions;

separately and periodically with management and the independent auditors;

compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to

ensure proper compliance.

reviewing with the independent

auditors any audit problems or difficulties and management’s response;

discussing the annual audited

financial statements with management and the independent auditors;

reviewing the adequacy

and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major

financial risk exposures;

reviewing and approving

all proposed related party transactions;

meeting separately and

periodically with management and the independent auditors;

monitoring compliance with

our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.

Our compensation committee consists of Joseph Farnsworth, Alejandro Franco and Robert D.

2 unchanged sentences

The compensation committee will be responsible for, among other things:

and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive

and recommending to the shareholders for determination with respect to the compensation of our directors;

periodically and approving any incentive compensation or equity plans, programs or similar arrangements;

compensation consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s

independence from management.

reviewing and

approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers;

reviewing and recommending

to the shareholders for determination with respect to the compensation of our directors;

reviewing periodically

and approving any incentive compensation or equity plans, programs or similar arrangements;

selecting compensation

consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s independence

from management.

and Corporate Governance Committee.

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executive officers whose total compensation exceeded US $100,000 (the “named executive officers”).

Name and Principal Position

Warrants Awards (2)

All Other Compensation (4)

and Principal Position

Other Compensation (4)

Chairman and Chief Executive Officer

1 unchanged sentence

Chief Financial Officer, Treasurer and Corporate Secretary

Berg Former Chief Operating Officer

Chief Marketing Officer and Corporate Secretary (5)

Chief Technology Officer

amounts in this column reflect the amounts earned during the fiscal year, whether or not actually paid during such year.

amounts in this column reflect the aggregate probable grant date fair value of warrants awards to our named executive officers during

the fiscal year calculated in accordance with FASB ASC Topic 718, Stock Compensation .

The amounts reported in this column

do not correspond to the actual economic value that may be received by our named executive officers from their option awards.

amounts in this column reflect the aggregate probable grant date fair value of option awards to our named executive officers during

the fiscal year calculated in accordance with FASB ASC Topic 718, Stock Compensation .

The amounts reported in this column

do not correspond to the actual economic value that may be received by our named executive officers from their option awards.

amounts in this column reflect the amount of perquisites related to a vehicle allowance.

effective December 31, 2022.

effective December 31, 2023.

The amounts in this column reflect

the amounts earned during the fiscal year, whether or not actually paid during such year.

The amounts in this column reflect the aggregate probable

grant date fair value of warrants awards to our named executive officers during the fiscal year calculated in accordance with FASB

ASC Topic 718, Stock Compensation .

The amounts reported in this column do not correspond to the actual economic value that

may be received by our named executive officers from their option awards.

The amounts in this column reflect the aggregate probable

grant date fair value of option awards to our named executive officers during the fiscal year calculated in accordance with FASB

ASC Topic 718, Stock Compensation .

The amounts reported in this column do not correspond to the actual economic value that

may be received by our named executive officers from their option awards.

The amounts in this column reflect the amount of perquisites

related to a vehicle allowance.

Resigned effective December 31, 2023.

Equity Awards as of December 31, 2024

2 unchanged sentences

Name and Principal Position

Number of Securities Underlying Unexercised

Options/Warrants (#) Exercisable

Number of Securities Underlying Unexercised

Options (#) Unexercisable

Number of Securities Underlying Unexercised Options/Warrants (#) Exercisable

Number of Securities Underlying Unexercised Options (#) Unexercisable

Equity Incentive Plan Awards:

of Securities Underlying Unexercised Unearned Options (#)

Number of Securities Underlying Unexercised Unearned Options

Option Exercise Price

Option Expiration Date

Chief Executive Officer

Chairman and Chief Executive Officer

Chief Financial Officer

Treasurer and Corporate Secretary

Former Chief Operating Officer,

Chief Marketing Officer

and Corporate Secretary (resigned effective 12/31/2022)

President (resigned effective 12/31/2023)

options became fully vested on the date of grant.

The options became fully vested on December 31, 2023.

Sid Sung President

Chief Technology Officer

became fully vested on the date of grant.

The options became fully

vested on December 31, 2024.

Compensation Plans

October 15, 2009, we adopted the 2009 Stock Option Plan (the “2009 Option Plan”), with an aggregate number of 187,500 shares

of common stock issuable under the plan.

The purpose of the 2009 Option Plan was to assume options that were already issued in the 2006

and 2008 Option plans under Iveda Corporation after the merger with Charmed Homes.

January 18, 2010, we adopted the 2010 Stock Option Plan (the “2010 Option Plan”), which allows the Board to grant options

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The 2010 Option Plan expired on January 18, 2020.

As of December 31, 2023, 359,125

options were outstanding under the 2010 Option Plan.

As of December 31, 2024 there

were 23,659 options outstanding under the 2010 Option Plan.

December 15, 2020, we adopted the Iveda Solutions, Inc.

2 unchanged sentences

shares authorized with similar terms and conditions to the 2010 Option Plan.

As of December 31, 2023, 941,875 options were outstanding

As of December 31, 2024 there were 193,397 options outstanding

under the 2020 Option Plan.

1 unchanged sentence

October 7, 2022 (No.

333- 267792).

In 2024, the 2020 Option Plan was amended to increase the number of shares issuable under the 2020

Option Plan to 656,250 shares.

of December 31, 2024 and December 31, 2023, there were 217,056 and 162,265 options outstanding, respectively, under all the option plans.

options may be granted as either incentive stock options intended to qualify under Section 422 of the Internal Revenue Code of 1986,

18 unchanged sentences

$7,854 unrecognized stock-based compensation.

have periodically issued warrants to purchase shares of our common stock as equity compensation to officers, directors, employees, and

As of December 31, 2023, warrants to purchase 394,822 shares of our common stock were outstanding, which were issued for

services or incentive for the purchase of convertible debentures or common stock subscription.

Terms of these warrants are comparable

to the terms of the outstanding options.

directors receive stock-based compensation for their service on our Board of Directors and are reimbursed for their cost of attending

2 unchanged sentences

For the year ended December 31, 2023,

Joseph Farnsworth received 15,000 options and Alejandro Franco and Robert Gillen received 11,250 options to purchase shares of our common

stock as compensation for services during the year ended December 31, 2022.

We do not pay additional compensation to our directors for

their service, either as Chair or as a member, on the Audit Committee, Compensation Committee, or Nominations and Corporate Governance

Joseph Farnsworth, Alejandro Franco and Robert Gillen received 6,250 options to purchase shares of our common stock as compensation for

services during the year ended December 31, 2024.

We do not pay additional compensation to our directors for their service, either as

Chair or as a member, on the Audit Committee, Compensation Committee, or Nominations and Corporate Governance Committee.

Fees Earned or paid in Cash

1 unchanged sentence

Non-Equity Incentive Plan Compensation

Nonqualified Deferred Compensation

Nonqualified Deferred Compensation Earnings

All Other Compensation

8 unchanged sentences

Gillen had outstanding options to purchase 29,538 shares of our common stock.

Incentive-Based Compensation

Recovery Policy

The Company adopted an Incentive-Based Compensation Recovery Policy in order to comply with Nasdaq Listing Rules

and Rule 10D-1 under the Exchange Act.

In the event the Company is required to prepare an accounting restatement to correct an error in

previously issued financial statements that is material to the previously issued financial statements or that would result in a material

misstatement if the error were corrected in the current period or left uncorrected in the current period, subject to the terms of the

policy, the Company must recover reasonably promptly from its current and former executive officers the amount of any erroneously awarded

incentive based compensation received on or after October 2, 2023 and during the three years preceding the date that the Company is required

to prepare such accounting restatement.

Incentive-Based

Compensation Recovery Policy

Company adopted an Incentive-Based Compensation Recovery Policy in order to comply with Nasdaq Listing Rules and Rule 10D-1 under the

Exchange Act.

In the event the Company is required to prepare an accounting restatement to correct an error in previously issued financial

statements that is material to the previously issued financial statements or that would result in a material misstatement if the error

were corrected in the current period or left uncorrected in the current period, subject to the terms of the policy, the Company must

recover reasonably promptly from its current and former executive officers the amount of any erroneously awarded incentive based compensation

received on or after October 2, 2023 and during the three years preceding the date that the Company is required to prepare such accounting

12 – SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

15 unchanged sentences

All Directors and Officers

options to purchase 258,750 shares of common stock, which are exercisable within 60 days of December 31, 2023.

options to purchase 168,750 shares of common stock, which are exercisable within 60 days of December 31, 2023.

options to purchase 75,000 shares of common stock, which are exercisable within 60 days of December 31, 2023.

of (a) options to purchase 168,125 shares of common stock, which are exercisable within 60 days of December 31, 2023, (b) 19,925 shares

of common stock held by Farnsworth Realty, an entity owned by Mr.

Includes options

to purchase 45,784 shares of common stock, which are exercisable within 60 days of December 31, 2024.

Includes options to purchase

27,503 shares of common stock, which are exercisable within 60 days of December 31, 2024.

Includes options to purchase

7,817 shares of common stock, which are exercisable within 60 days of December 31, 2024.

Consists of (a) options

to purchase 34,457 shares of common stock, which are exercisable within 60 days of December 31, 2024, (b) 2,491 shares of common

stock held by Farnsworth Realty, an entity owned by Mr.

Farnsworth and (c) 10,878 shares of common stock.

of (a) options to purchase 123,750 shares of common stock, which are exercisable within 60 days of December 31, 2023, and (b) 31,250

shares of common stock held by Amextel S.A.

Consists of (a) options

to purchase 28,912 shares of common stock, which are exercisable within 60 days of December 31, 2024, and (b) 3,907 shares of common

stock held by Amextel S.A.

an entity owned by Mr.

(a) options to purchase 128,750 shares of common stock, which are exercisable within 60 days of December 31, 2023, and (b) 162,643

shares of common stock.

Consists (a) options to

purchase 29,538 shares of common stock, which are exercisable within 60 days of December 31, 2024, and (b) 20,331 shares of common

Authorized for Issuance Under Equity Compensation Plans

1 unchanged sentence

by our stockholders and under equity compensation plans not approved by our stockholders as of December 31, 2024.

Number of securities to be issued

upon exercise of outstanding options, warrants and rights

Weighted-average exercise price of

outstanding options, warrants and rights

Number of securities remaining available

for future issuance under equity compensation plans

Number of securities to be issued upon exercise of outstanding options, warrants and rights

Weighted-average exercise price of outstanding options, warrants and rights

Number of securities remaining available for future issuance under equity compensation plans

Equity compensation plans approved by stockholders (1)

1 unchanged sentence

Equity compensation plans not approved by stockholders (3)

of our 2010 and 2012 Option Plan.

of our 2020 Option Plan

issued not under a plan

our 2010 and 2012 Option Plan.

Consists of our 2020 Option

Warrants issued not under

13 – CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

28 unchanged sentences

Paid to Independent Registered Public Accounting Firm

July 2021, with the approval of the Audit Committee of the Board of Directors, we appointed BF Borgers CPA PC (“BFB”) as

our principal accounting firm.

BFB has served as the principal audit firm for Iveda 2020 and 2019 Financial Statements, and 2021 Financial

Statements since July 2021.

paid or accrued $137,500 and $119,000, during the year ended December 31, 2023 and 2022, respectively.

February 2025, with the approval of the Audit Committee of the Board of Directors, we appointed Weinberg &Co (“Weinberg”)

as our principal accounting firm.

Weinberg has served as the principal audit firm for Iveda 2024 and 2023 Financial Statements since

February 2025.

No fees were paid to or accrued in 2024 related to Weinberg’s services.

paid or accrued $283,000 and $137,500 for audit fees, during the year ended December 31, 2024 and 2023, respectively.

During 2024 we paid $93,500

to BF Borgers for the audit of 2023.

BF Borgers was sanctioned by the SEC in May 2024.

No other fees were paid to Borgers for the respective periods.

May 10, 2024 we engaged Kreit and Chiu CPA LLP (“KC”) to do the quarterly 10-Q reviews for 2024 and a re-audit of 2023 and

We paid KC $189,500 for their 10-Q reviews and their work on the re-audit until we replaced them with Weinberg in February 2025.

KC did not finish or opine on the 2023 or 2024 audits.

No other fees were paid to KC.

Committee Pre-Approval Policies

part of its responsibility for oversight of the independent registered public accountants, the Audit Committee has established a pre-approval

policy for engaging audit and permitted non-audit services provided by our independent registered public accountants, BFB.

policy for engaging audit and permitted non-audit services provided by our independent registered public accountants, Weinberg.

In accordance

5 unchanged sentences

Committee must be presented at the next Audit Committee meeting for review and ratification.

All of the services provided by BFB described

above were approved by the Audit Committee pursuant to our Audit Committee’s pre-approval policy.

principal accountants, BFB, did not engage any other persons or firms other than their respective full-time, permanent employees.

All of the services provided by Weinberg

described above were approved by the Audit Committee pursuant to our Audit Committee’s pre-approval policy.

principal accountants, Weinberg, did not engage any other persons or firms other than their respective full-time, permanent employees.

15 – EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

Statements and Financial Statement Schedules

Financial Statements and Financial

Statement Schedules

Financial Statements are listed in the Index to Consolidated Financial Statements on page F-1 of this Annual Report on Form 10-K.

schedules are omitted because they are not applicable, not required, or because required information is included in the Consolidated

Financial Statements or notes thereto.

Other schedules are omitted

because they are not applicable, not required, or because required information is included in the Consolidated Financial Statements

or notes thereto.

Agreement and Plan of Merger, dated March 21, 2011, by and among Iveda Solutions, Inc., a Nevada corporation, Sole-Vision Technologies, Inc.

(doing business as MEGAsys), a corporation organized under the laws of the Republic of China, and the shareholders of MEGAsys (Incorporated by reference to the Form 10-K/A filed on 2/9/2012)

Articles of Incorporation of Charmed Homes Inc.

(Incorporated by reference to the Form SB-2 filed on 4/27/2007)

Bylaws of Iveda Solutions, Inc.

(Incorporated by reference to the Form 10-K filed on 3/31/2014)

Amendment to Articles of Incorporation, filed with the Nevada Secretary of State on September 9, 2009 (Incorporated by reference to the Form 8-K filed on 10/21/2009)

Articles of Merger filed with the Secretary of State of Nevada on December 28, 2010, and dated effective December 31, 2010 (Incorporated by reference to the Form 8-K filed on January 4, 2010)

Certificate of Amendment to Articles of Incorporation filed with the Secretary of State of Nevada on December 9, 2014 containing the rights and preferences of the Series A Preferred Stock (Incorporated by reference to the Form 8-K filed on December 15, 2014)

Certificate of Amendment of Articles of Incorporation filed with the Secretary of State of Nevada on January 15, 2015, containing the Designation of the Preferences, Rights and Limitations of the Series B Preferred Stock (Incorporated by reference to the Form 8-K filed on January 23, 2015)

Specimen Stock Certificate (Incorporated by reference to the Form SB-2 filed on 4/27/2007)

Form of Stock Option Agreement under the IntelaSight, Inc.

2008 Stock Option Plan (Incorporated by reference to the Form S-4/A1 filed on 7/10/2009)

Form of Common Stock Purchase Warrant issued by IntelaSight, Inc.

(Incorporated by reference to the Form S-4/A1 filed on 7/10/2009)

2009 Stock Option Plan, dated October 15, 2009 (Incorporated by reference to the Form 8-K filed on 10/21/2009)

Form of Common Stock Purchase Warrant issued by Iveda Corporation in conjunction with the Merger (Incorporated by reference to the Form 8-K filed on 10/21/2009)

6 unchanged sentences

2010 Stock Option Plan, as amended (Incorporated by reference to Form S-8 filed on 6/24/2011)

Form of Tranche A Warrant (Incorporated by reference to the Form 8-K filed on 1/28/2015)

Form of Tranche B Warrant (Incorporated by reference to the Form 8-K filed on 1/28/2015)

Registration Rights Agreement dated January 16, 2015 (Incorporated by reference to the Form 8-K filed on 1/28/2015)

2020 Stock Option Plan, dated January 18, 2020 (filed with amended Form 10-12g filed on 10/25/2021)

13 unchanged sentences

Stock Purchase Agreement, dated October 15, 2009, by and among Iveda Corporation, IntelaSight, Inc., Ian Quinn and Kevin Liggins (Incorporated by reference to the Form 8-K filed on 10/21/2009)

Subscription Agreement, dated July 26, 2010 (Incorporated by reference to Form 10-Q filed on November 12, 2010)

Line of Credit Promissory Note, dated September 15, 2010 (Incorporated by reference to Form 10-Q filed on November 12, 2010)

Agreement for Service, dated October 20, 2010 (Incorporated by reference to Form 10-Q filed on November 12, 2010)

Consulting Agreement, dated October 25, 2010 (Incorporated by reference to Form 10-Q filed on November 12, 2010)

Operating Level Agreement, dated October 25, 2010 (Incorporated by reference to Form 10-Q filed on November 12, 2010)

Side Letter, dated March 21, 2011, by and among Iveda Solutions, Inc., a Nevada corporation, Sole-Vision Technologies, Inc.

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dated November 2, 2011 (Incorporated by reference to Form 10-K/A filed on 5/11/2012)

Securities Purchase Agreement dated January 16, 2015 (Incorporated by reference to the Form 8-K filed on 1/28/2015)

Cooperation Agreement with Industrial Technology Research Institute dated November 2012 (Incorporated by reference to the Form S-1 filed on 12/30/2021)

Form of Subscription Agreement (Incorporated by reference to the Form S-1 filed on 12/30/2021)

Code of Conduct and Ethics (Incorporated by reference to the Form 10-K filed on 4/15/2010)

1 unchanged sentence

Subsidiaries of the Registrant (Incorporated by reference to Form 10-K filed on 3/30/2012)

Consent of Weinberg & Company P.A.

Certification of Principal Executive Officer pursuant to Exchange Act Rule 15d-14(a)

3 unchanged sentences

Compensation Recovery Policy of Iveda Solutions, Inc.

XBRL Instance Document

XBRL Taxonomy Extension Schema Document

XBRL Taxonomy Extension Calculation Linkbase Document

XBRL Taxonomy Extension Definition Linkbase Document

XBRL Taxonomy Extension Label Linkbase Document

XBRL Taxonomy Extension Presentation Linkbase Document

Page Interactive Data File (embedded within the Inline XBRL document)

to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or prospectus

for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the

Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

Inline XBRL Instance Document