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INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,961,777 $ 2,444,009
Accounts receivable, net 531,522 699,555
Inventories 1,618,264 1,488,681
Prepaid expenses and other assets, net 23,015 107,444
Due from a related party 2,073,362 1,615,217
Total current assets 6,225,857 6,397,875
Non-current assets    
Retention receivables 47,946 69,489
Deferred tax asset, net 0 0
Property and equipment, net 68,444 71,245
Goodwill 332,040 332,040
Total non-current assets 448,430 472,774
TOTAL ASSETS 6,674,287 6,870,649
Current liabilities    
Notes payable 0 92,112
Accounts payable 0 17,442
Other payables and accrued liabilities 69,387 142,426
Due to related parties 15,334 39,341
Warrant liability 312,320 312,320
Dividend payable 6,312 6,312
Income tax payable 112,885 387,319
Bank borrowing 50,565 52,292
Total current liabilities 1,974,657 2,100,685
TOTAL LIABILITIES 1,974,657 2,100,685
Commitments and contingencies
EQUITY    
Common stock ($0.001 par value; authorized 200,000,000 shares; 10,707,150 shares issued and outstanding as of March 31, 2022 and 10,607,150 shares issued and outstanding as of December 31, 2021, respectively) 10,707 10,607
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, 2022 and December 31, 2021) 80 80
Additional paid-in capital 15,078,760 14,472,705
(Accumulated losses) Retained earnings (10,724,273) (9,918,553)
Accumulated other comprehensive loss 143,137 13,906
TOTAL NOCERA, INC.’S STOCKHOLDERS’ EQUITY 4,699,630 4,769,964
Non-controlling interests 0 0
TOTAL STOCKHOLDER EQUITY 4,699,630 4,769,964
TOTAL LIABILITIES AND STOCKHOLDER EQUITY $ 6,674,287 $ 6,870,649