NOCERA INC

For the period ended Mar 31, 2024. Filed May 15, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 15, 2024

NCRA$1.54+4.8%Stored close · as of Nov 10, 2026

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Item 1. CONSOLIDATED FINANCIAL STATEMENTS

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2024	December 31, 2023
	(Unaudited)	(Audited)
ASSETS
Current assets
Cash and cash equivalents	$961,777	$1,229,580
Accounts receivable, net	172,310	173,395
Inventories, net	86,445	88,432
Advance to suppliers	1,732	1,732
Prepaid expenses and other assets, net	506,257	10,365
Financial assets at fair value through profit or loss	211,106	208,697
Total current assets	1,939,627	1,712,201
Deferred tax assets, net	–	–
Property and equipment, net	1,537,692	1,547,801
Intangible assets - customer relations	110,053	114,129
Goodwill	3,006,885	1,655,182
Other non-current asset	378,161	4,730
Total assets	$6,972,418	$5,034,043
LIABILITIES AND EQUITY
Liabilities
Current liabilities
Accounts payable	$368,505	$–
Other payables and accrued liabilities	153,509	34,093
Advance receipts	36,404	–
Due to related parties	27,482	28,484
Warrant liability	1,179,768	1,179,768
Long-term secured other borrowing – current portion	426,322	487,800
Dividend payable	38,312	38,312
Income tax payable	1,818	1,859
Total current liabilities	2,232,120	1,770,316
Deferred tax liabilities, net	–	–
Long-term secured other borrowing	36,087	–
Total liabilities	2,268,207	1,770,316
Commitments and contingencies	–	–
Equity
Common stock ($0.001 par value; authorized 200,000,000 shares; 12,956,987 shares and 11,156,987 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively) (1)	12,957	11,157
Preferred stock ($0.001 par value; authorized 10,000,000 shares; Series A Preferred Stock, 2,000,000 authorized, 80,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively)	80	80
Additional paid-in capital	23,924,311	21,931,112
Statutory and other reserves	191,219	191,219
(Accumulated losses) retained earnings	(19,539,492)	(19,053,072)
Accumulated other comprehensive loss	41,599	98,906
Total Nocera, Inc.’s stockholders’ equity	4,630,674	3,179,402
Non-controlling interests	73,537	84,325
Total equity	4,704,211	3,263,727
Total liabilities and equity	$6,972,418	$5,034,043

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	Three months ended March 31,
	2024	2023
	$	$
Net sales	4,899,880	3,837,863
Cost of sales	(4,815,919)	(3,769,207)
Gross profit	83,961	68,656
Operating expenses
General and administrative expenses	(575,611)	(1,059,337)
Total operating expenses	(575,611)	(1,059,337)
(Loss) Income from operations	(491,650)	(990,681)
Other expense	(2,270)	(11,508)
(Loss) Income before income taxes	(493,920)	(1,002,189)
Income tax expense	–	–
Net (loss) income	(493,920)	(1,002,189)
Less: Net loss attributable to non-controlling interests	(7,500)	(14,541)
Net (loss) income attributable to the company	(486,420)	(987,648)
Comprehensive Income
Net (loss) income	(493,920)	(1,002,189)
Foreign currency translation (loss) gain	57,307	(23,288)
Total comprehensive (loss) income	(436,613)	(1,025,477)
Less: comprehensive loss attributable to non-controlling interest	(5,622)	(14,880)
Comprehensive (loss) income attributable to the Company	(430,991)	(1,010,597)
(Loss) Income per share
Basic	(0.0407)	(0.1063)
Diluted	(0.0407)	(0.1063)
Weighted average number of common shares outstanding
Basic	11,956,987	9,293,587
Diluted	11,956,987	9,293,587

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