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Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 344,781 $ 28,539
Accounts receivable, net 1,564,089 1,483,583
Inventories, net 387,684 287,409
Advance to suppliers 5,532 2,440
Prepaid expenses and other assets, net 141,566 17,148
Due from a related party 0 683,521
Total current assets 2,443,652 2,502,640
Non-current assets    
Deferred tax assets, net 117,789 74,639
Property and equipment, net 167,442 194,809
Operating lease right-of-use assets 86,478 113,166
Intangible assets, net 415,202 473,935
Total non-current assets 786,911 856,549
Total assets 3,230,563 3,359,189
Current liabilities    
Accounts payable 268,884 251,603
Advance from customers 605,985 392,148
Other payables and accrued liabilities 297,981 294,472
Due to related parties 382,009 405,772
Income tax payable 603,535 608,598
Bank borrowing 0 15,367
Deferred revenue - current portion 0 620,331
Operating lease liabilities - current 0 8,485
Total current liabilities 2,158,394 2,596,776
Total liabilities 2,158,394 2,596,776
Commitments and contingencies
Equity    
Common stock ($0.001 par value; authorized 200,000,000 shares; 13,181,786 and 12,354,200 shares issued and outstanding as of June 30, 2020 and December 31, 2019 respectively) 13,182 12,354
Additional paid-in capital 330,637 271,915
Statutory and other reserves 191,219 191,219
Retained earnings 591,996 339,203
Accumulated other comprehensive loss (76,733) (81,350)
Total Nocera, Inc.'s stockholders' equity 1,050,301 733,341
Non-controlling interests 21,868 29,072
TOTAL STOCKHOLDER EQUITY 1,072,169 762,413
Total liabilities and equity $ 3,230,563 $ 3,359,189