CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 2,444,009 $ 1,023,531
Accounts receivable, net 699,555 432,309
Inventories, net 1,488,681 1,723,674
Advance to suppliers 42,969 1,732
Prepaid expenses and other assets, net 107,444 3,161
Due from related parties 1,615,217 896,876
Total current assets 6,397,875 4,081,283
Retention receivables 69,489 458,392
Deferred tax assets, net 0 2,300
Property and equipment, net 71,245 50,926
Goodwill 332,040 332,040
Total assets 6,870,649 4,924,941
Current liabilities    
Notes payable 92,112 187,447
Accounts payable 17,442 18,798
Other payables and accrued liabilities 142,426 56,836
Advance receipts 1,051,121 1,285,777
Due to related parties 39,341 7,681
Warrant liability 312,320 0
Dividend payable 6,312 0
Income tax payable 387,319 285,186
Bank borrowing 52,292 532,824
Total current liabilities 2,100,685 2,374,549
Deferred tax liabilities, net 0 0
Total liabilities 2,100,685 2,374,549
Commitments and contingencies
Equity    
Common stock ($0.001 par value; authorized 200,000,000 shares; 10,607,150 shares and 9,131,786 shares issued and outstanding as of December 31, 2021 and 2020, respectively) 10,607 9,132
Preferred stock ($0.001 par value; authorized 10,000,000 shares; Series A Preferred Stock, 2,000,000 authorized, 80,000 shares and nil shares, issued and outstanding as of December 31, 2021 and 2020, respectively) 80 0
Additional paid-in capital 14,472,705 2,692,973
Statutory and other reserves 191,219 191,219
(Accumulated losses) retained earnings (9,918,553) (293,162)
Accumulated other comprehensive loss 13,906 (49,770)
Total Nocera, Inc.’s stockholders’ equity 4,769,964 2,550,392
Non-controlling interests 0 0
Total equity 4,769,964 2,550,392
Total liabilities and equity $ 6,870,649 $ 4,924,941