XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 647,078 $ 1,023,531
Account receivables, net 887,889 432,309
Inventories 1,927,177 1,723,674
Advance to suppliers 194,689 1,732
Prepaid expenses and other assets, net 44,644 3,161
Due from a related party 1,180,962 896,876
Total current assets 4,882,439 4,081,283
Non-current assets    
Retention receivables 243,538 458,392
Deferred tax asset, net 0 2,300
Property and equipment, net 73,436 50,926
Goodwill 332,040 332,040
Total non-current assets 649,014 843,658
TOTAL ASSETS 5,531,453 4,924,941
Current liabilities    
Notes payable 235,717 187,447
Accounts payable 18,987 18,798
Other payables and accrued liabilities 304,336 56,836
Advance receipts 1,797,821 1,285,777
Due to related parties 7,681 7,681
Income tax payable 315,629 285,186
Bank borrowing 270,382 532,824
Total current liabilities 2,950,553 2,374,549
TOTAL LIABILITIES 2,950,553 2,374,549
Commitments and contingencies
EQUITY    
Common stock ($0.001 par value; authorized 200,000,000 shares; 9,131,786 shares issued and outstanding as of June 30, 2021 and December 31, 2020) 9,132 9,132
Additional paid-in capital 2,899,449 2,692,973
Statutory and other reserves 191,219 191,219
Retained earnings (515,805) (293,162)
Accumulated other comprehensive loss (3,095) (49,770)
TOTAL NOCERA, INC.’S STOCKHOLDERS’ EQUITY 2,580,900 2,550,392
Non-controlling interests 0 0
TOTAL STOCKHOLDER EQUITY 2,580,900 2,550,392
TOTAL LIABILITIES AND STOCKHOLDER EQUITY $ 5,531,453 $ 4,924,941