Nocera, Inc. Files Q2 2024 10-Q Amendment

TL;DR

Nocera filed amended Q2 financials. Check for updates.

AI Summary

Nocera, Inc. filed an amendment to its Form 10-Q on October 8, 2024, for the period ending June 30, 2024. This filing provides updated financial information and disclosures for the second quarter of 2024. The company is involved in agriculture production, specifically livestock and animal specialties.

Why It Matters

This amended filing provides updated financial details for Nocera, Inc.'s second quarter of 2024, which is crucial for investors and stakeholders to assess the company's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine amendment to a quarterly filing, not indicating any immediate or significant new risks.

Key Numbers

• 20240630 — Period End Date (The amendment covers financial data up to this date.)
• 20241008 — Filing Date (This is when the amended 10-Q was submitted to the SEC.)

Key Players & Entities

• NOCERA, INC. (company) — Filer of the 10-Q/A amendment
• 0001683168-24-007008.txt (document) — Accession number for the filing
• 20240630 (date) — Conformed period of report for the 10-Q/A
• 20241008 (date) — Filing date of the amendment

FAQ

Key Financial Figures

• $0.001 — h registered Common Stock, par value $0.001 per share NCRA The Nasdaq Stock Marke
• $5,000,000 — The registered capital of GZ WFH is RMB$5,000,000 (equal to US$733,138). On November 13,
• $733,138 — of GZ WFH is RMB$5,000,000 (equal to US$733,138). On November 13, 2018, GSI incorporat
• $15,000 — GST in PRC with registered capital of US$15,000. Divestiture On September 21, 2020,

Filing Documents

• nocera_i10qa1-063024.htm (10-Q/A) — 972KB
• nocera_ex3101.htm (EX-31.1) — 7KB
• nocera_ex3102.htm (EX-31.2) — 7KB
• nocera_ex3201.htm (EX-32.1) — 3KB
• nocera_ex3202.htm (EX-32.2) — 3KB
• 0001683168-24-007008.txt ( ) — 5813KB
• ncra-20240630.xsd (EX-101.SCH) — 55KB
• ncra-20240630_cal.xml (EX-101.CAL) — 70KB
• ncra-20240630_def.xml (EX-101.DEF) — 168KB
• ncra-20240630_lab.xml (EX-101.LAB) — 385KB
• ncra-20240630_pre.xml (EX-101.PRE) — 331KB
• nocera_i10qa1-063024_htm.xml (XML) — 840KB

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 42 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 42 PART II OTHER INFORMATION 44 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 44 ITEM 1A.

RISK FACTORS

RISK FACTORS 44 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 44 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 44 ITEM 4 MINE SAFETY DISCLOSURES 44 ITEM 5 OTHER INFORMATION 44 ITEM 6 EXHIBITS 45

SIGNATURES

SIGNATURES 46 2 CAUTIONARY This Quarterly Report on Form 10-Q contains "forward-looking as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements discuss matters that are not historical facts. Because they discuss future events or conditions, forward-looking statements may include words such as "anticipate," "believe," "estimate," "intend," "could," "should," "would," "may," "seek," "plan," "might," "will," "expect," "anticipate," "predict," "project," "forecast," "potential," and "continue" or the negatives thereof or similar expressions. Forward-looking statements speak only as of the date they are made, are based on various underlying assumptions and current expectations about the future and are not guarantees of future performance. Such statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievement to be materially different from the results of operations or plans expressed or implied by such forward-looking statements. You are cautioned to not place undue reliance on these forward-looking statements, which speak only as of their dates. We cannot predict all the risks and uncertainties that may impact our business, financial condition or results of operations. Accordingly, the forward-looking statements in this Quarterly Report on Form 10-Q should not be regarded as representations that the results or conditions described in such statements will occur or that our objectives and plans will be achieved, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. These forward-looking statements are found at various places throughout this Quarterly Report on Form 1

FINANCIAL INFORMATION

PART I FINANCIAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS NOCERA, INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Stated in US Dollars except for Number of Shares) June 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current assets Cash and cash equivalents $ 586,424 $ 1,229,580 Accounts receivable, net 156,517 173,395 Inventories, net 85,964 88,432 Advance to suppliers 8,423 1,732 Prepaid expenses and other assets, net 536,887 10,365 Financial assets at fair value through profit or loss – 208,697 Total current assets 1,374,215 1,712,201 Investment 27,284 – Property and equipment, net 1,486,270 1,547,801 Intangible assets - customer relations 105,977 114,129 Goodwill 3,236,900 1,655,182 Other non-current asset 723,214 4,730 Total assets $ 6,953,860 $ 5,034,043 LIABILITIES AND EQUITY Liabilities Current liabilities Accounts payable $ 696,649 $ – Other payables and accrued liabilities 71,052 34,093 Advance receipts 49,480 – Due to related parties 27,239 28,484 Warrant liability 1,179,768 1,179,768 Long-term secured other borrowing – current portion – 487,800 Dividend payable 38,312 38,312 Income tax payable 53,650 1,859 Total current liabilities 2,116,150 1,770,316 Deferred tax liabilities, net – – Long-term secured other borrowing 34,092 – Total liabilities 2,150,242 1,770,316 Commitments and contingencies – – Equity Common stock ($ 0.001 par value; authorized 200,000,000 shares; 13,556,987 shares and 11,156,987 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 13,557 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 June 30, 2024 and December 31, 2023, respectively) 80 80 Additional paid-in capital (1) 24,580,877 21,931,112 Statutory and other reserves 191,219 191,219 (Accu

View Full Filing

View this 10-Q/A filing on SEC EDGAR