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ADVANCE TO SUPPLIERS	12 Months Ended
Dec. 31, 2023
Advance To Suppliers
ADVANCE TO SUPPLIERS	Note 6 ADVANCE TO SUPPLIERS Balances of advances to suppliers were $1,732 and $1,732 as of December 31, 2023 and 2022, respectively, which represented prepayments to suppliers for raw materials.

ADVANCE TO SUPPLIERS

12 Months Ended

Dec. 31, 2023

Note 6 ADVANCE TO SUPPLIERS

Balances of advances to suppliers were $1,732 and $1,732 as of December 31, 2023 and 2022, respectively, which represented prepayments to suppliers for raw materials.

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD ("XFC") (Details - Discontinued operations XFC - operations)	12 Months Ended
	Dec. 31, 2022 USD ($)
Discontinued Operations:
Revenue	$ 2,236,616
Cost of revenues	(2,225,487)
Selling expenses	0
General and administrative expenses	(105,226)
Other revenue	1,812
Other expenses	0
Income tax	0
Net gain from discontinued operations	0
Net income (loss) from discontinued operations	$ (92,285)

TAXATION

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

TAXATION

Note 15 TAXATION

The Company and its subsidiary, and the consolidated VIE file tax returns separately.

1) Value-added tax (“VAT”)

PRC

Pursuant to the Provisional Regulation of the PRC on VAT and the related implementing rules, all entities and individuals (“taxpayers”) that are engaged in the sale of products in the PRC are generally required to pay VAT, at a rate of which was changed from 16% to 13% on April 1, 2019 of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayers. GZ WFH also subjected to 10% for the installment service provided.

Taiwan

Pursuant to the Value-added and Non-value-added Business Tax Act and the related implementing rules, all entities and individuals (“taxpayers”) that are engaged in the sale of products in the Taiwan are generally required to pay VAT, at a rate of 5%.

2) Income tax

United States

On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was signed into legislation. The 2017 Tax Act significantly revises the U.S. corporate income tax by, among other things, lowering the statutory corporate tax rate from 34% to 21%, imposing a mandatory one-time tax on accumulated earnings of foreign subsidiaries, introducing new tax regimes, and changing how foreign earnings are subject to U.S. tax.

On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) was issued to provide guidance on accounting for the tax effects of the Tax Act. SAB 118 provides a measurement period that should not extend beyond one year from the Tax Act enactment date for companies to complete the accounting under ASC 740. The Company has completed the assessment of the income tax effect of the Tax Act and there were no adjustments recorded to the provisional amounts.

The Coronavirus Aid, Relief and Economy Security (CARES) Act (the “CARES Act, H.R. 748”) was signed into law on 27 March 2020. The CARES Act temporarily eliminates the 80% taxable income limitation (as enacted under the Tax Cuts and Jobs Act of 2017) for NOL deductions for 2018-2020 tax years and reinstated NOL carrybacks for the 2018-2020 tax years. Moreover, the CARES Act also temporarily increases the business interest deduction limitations from 30% to 50% of adjusted taxable income for the 2019 and 2020 taxable year. Lastly, the Tax Act technical correction classifies qualified improvement property as 15-year recovery period, allowing the bonus depreciation deduction to be claimed for such property retroactively as if it was included in the Tax Act at the time of enactment. The Company does not anticipate a significant tax impact on its financial statements and will continue to examine the impact the CARES Act may have on its business.

The Company evaluated the Global Intangible Low Taxed Income (“GILTI”) inclusion on current earnings and profits of greater than 10% owned foreign controlled corporations. The Company has evaluated whether it has additional provision amount resulted by the GILTI inclusion on current earnings and profits of its foreign controlled corporations. The law also provides that corporate taxpayers may benefit from a 50% reduction in the GILTI inclusion, which effectively reduces the 21% U.S. corporate tax rate on the foreign income to an effective rate of 10.5%. The GILTI inclusion further provides for a foreign tax credit in connection with the foreign taxes paid. In 2019, the Company recorded a GILTI inclusion of $152,829. The Company has elected to treat the financial statement impact of GILTI as current period expenses.

The reverse merger was completed on December 31, 2018 and the tax losses of US subsidiary was not in the scope as of December 31, 2018. As of December 31, 2019, net operating loss carried forward which was available to offset future taxable income for the Company in the United States was $99,817. There is a full valuation allowance applied against these loss carry forward as management determined it was not more likely than not that these net operating losses would be utilized in the foreseeable future.

Taiwan

The Company’s loss before income taxes is primarily derived from the operations in Taiwan and income tax expense is primarily incurred in Taiwan.

As a result of amendments to the “Taiwan Income Tax Act” enacted by the Office of the President of Taiwan on February 7, 2018, the statutory income tax rate increased from 17% to 20% and the undistributed earning tax, or a surtax, decreased from 10% to 5% effective from January 1, 2018. As a result, the statutory income tax rate in Taiwan is 20% for the years ended December 31, 2023 and 2022. An additional surtax, of which rate was reduced from 10% to 5% being applied to the Company starting from September 1, 2018, is assessed on undistributed income for the entities in Taiwan, but only to the extent such income is not distributed or set aside as a legal reserve before the end of the following year. The 5% surtax is recorded in the period the income is earned, and the reduction in the surtax liability is recognized in the period the distribution to stockholders or the setting aside of legal reserve is finalized in the following year.

Hong Kong

The HK tax reform has introduced two-tiered profits tax rates for corporations. Under the two-tiered profits tax rates regime, the profits tax rate for the first HK$2 million (approximately $257,931) of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations. Assessable profits above HK$2 million (approximately $257,931) will continue to be subject to the rate of 16.5% for corporations. The Company assessed that the HK entity will not earn a profit greater than HK$2 million (approximately $257,931), it is subject to a corporate income tax rate of 8.25%.

As of December 31, 2024, The Company’s subsidiary in Hong Kong had net operating loss carry forwards available to offset future taxable income. The net operating losses will be carryforward indefinitely under Hong Kong Profits Tax regulation. There is a full valuation allowance applied against these loss carry forward as management determined it was not more likely than not that these net operating losses would be utilized in the foreseeable future.

PRC

WFOE and the consolidated VIE established in the PRC are subject to the PRC statutory income tax rate of 25%, according to the PRC Enterprise Income Tax (“EIT”) law.

In accordance with the relevant tax laws and regulations of the PRC, a company registered in the PRC is subject to income taxes within the PRC at the applicable tax rate on taxable income. All the PRC subsidiaries were subject to income tax at a rate of 25% for the year ended December 31, 2022and 2021. According to PRC tax regulations, the PRC net operating loss can generally carry forward for no longer than five years starting from the year subsequent to the year in which the loss was incurred.

The components of the income tax (benefit) expense are:

Schedule of income tax components
	For the years ended December 31,
	2023		2022
	$		$
Current		–		23,808
Deferred		–		–
Total income tax expense (benefit)		–		23,808

The reconciliation of income taxes expenses computed at the TW statutory tax rate (2021: at PRC statutory tax rate) applicable to income tax expense is as follows:


	For the years ended December 31,
	2023			2022
Taiwan (2021 - PRC) income tax statutory rate		20.00 %			20.00 %
Tax effect of non-deductible expense		(11.84%	)		(13.48%	)
Tax effect of stock-based compensation		(3.78%	)		(8.69%	)
Tax effect of non-taxable income		– %			2.54 %
Tax effect of different tax rates in other jurisdictions		(0.04%	)		(0.01%	)
Others		(4.34%	)		0.12 %
Changes in valuation allowance		(–%	)		(0.49%	)
Effective tax rate		(–%	)		(0.01%	)

3) Deferred tax assets (liabilities), net

The tax effects of temporary differences representing deferred income tax assets and liabilities result principally from the following:

Schedule of deferred income taxes
	December 31, 2023			December 31, 2022
	$			$
Deferred tax assets
Tax loss carried forward		23,391			23,391
Allowance for doubtful receivables		–			–
Total deferred tax assets		23,391			23,391
Reversal of deferred tax assets		(23,391	)		–
Valuation allowance		–			–
Total deferred tax assets, net		–			23,391

Deferred tax liabilities
Property and equipment, difference in depreciation		–			–

Deferred tax liabilities, net		–			–

The valuation allowance as of December 31, 2022 and 2021 was primarily provided for the deferred income tax assets if it is more likely than not that these items will expire before the Company is able to realize its benefits, or that the future deductibility is uncertain. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible or utilizable. Management considers projected future taxable income and tax planning strategies in making this assessment. The movement for the valuation allowance is as following.


	December 31, 2023		December 31, 2022
	$		$
Balance at beginning of the year		95,844		95,844
Additions of valuation allowance		–		–
Reductions of valuation allowance		–		–
Balance at the end of the year		95,844		95,844

PRC Withholding Tax on Dividends

The current PRC Enterprise Income Tax Law imposes a 10% withholding income tax for dividends distributed by foreign-invested enterprises to their immediate holding companies outside the PRC. A lower withholding tax rate will be applied if there is a tax treaty arrangement between the PRC and the jurisdiction of the foreign holding company. Distributions to holding companies in Hong Kong that satisfy certain requirements specified by PRC tax authorities, for example, will be subject to a 5% withholding tax rate.

As of December 31, 2023 and 2022, the Company had not recorded any withholding tax on the retained earnings of its foreign-invested enterprises in the PRC, since the Company intends to reinvest its earnings to potentially continue its business in mainland China, namely the manufacturing of the RASs through GZ GST, and its foreign-invested enterprises do not intend to declare dividends to their immediate foreign holding companies.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details - Property useful lives)	12 Months Ended
	Dec. 31, 2023
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	Shorter of the remaining lease terms and estimated useful lives
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	Indefinite, as per land titles
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	3 years
Machinery [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years

PREPAID EXPENSES AND OTHER ASSETS, NET (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Prepaid expenses and other assets, net	$ 10,365	$ 27,470
Other Receivables [Member]
Prepaid expenses, gross	$ 10,365	$ 27,470

RELATED PARTY BALANCES AND TRANSACTIONS (Details - Due to related parties) - USD ($)

Dec. 31, 2023

Dec. 31, 2022

Due to related parties

$ 28,484

$ 18,919

Due from related parties

12,498

993,918

Mountain Share Transfer LLC [Member]

Due to related parties

^[1]

39,341

Grand Smooth Corporation Limited [Member]

Due from related parties

^[2]

$ 12,498

$ 993,918

[1]	Mountain Share Transfer, LLC is company 100% controlled by Erik S. Nelson, the corporate secretary and director of the Company. The balances represented the amount paid on behalf of the Company for its daily operation purpose.
[2]	Grand Smooth Corporation Limited chairman is Mr. Yin-Chieh Cheng (“Mr. Cheng”) same with Company. Grand Smooth Corporation Limited will purchase goods from Company and re-sell it. All the terms were not significantly different from those of sales to third parties.

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)

Common Stock [Member]

Preferred Stock [Member]

Additional Paid-in Capital [Member]

^[1]

Statutory And Other Reserves [Member]

Retained Earnings [Member]

AOCI Attributable to Parent [Member]

Total Nocera Stockholders Equity [Member]

Noncontrolling Interest [Member]

Total

Beginning balance, value at Dec. 31, 2021

$ 7,072

^[1]

$ 80

$ 14,476,240

$ 191,219

$ (9,918,553)

$ 13,906

$ 4,769,964

Beginning balance, shares at Dec. 31, 2021

7,071,920

80,000

Common Stock Issuance

$ 1,880

^[1]

4,799,616

4,801,496

Common stock issuance, shares

1,880,000

Purchase of non-controlling interest

^[1]

64,735

Consultancy services settled by equities

$ 291

^[1]

795,209

795,500

Consultancy services settled by equities, shares

291,667

Share-based compensation

^[1]

413,453

Foreign currency translation Adjustments

^[1]

89,688

Preferred stock dividend

^[1]

(16,000)

Net loss

^[1]

(4,812,908)

76,319

(4,736,589)

Ending balance, value at Dec. 31, 2022

$ 9,243

^[1]

$ 80

20,484,518

191,219

(14,747,461)

103,594

6,041,193

141,054

6,182,247

Ending balance, shares at Dec. 31, 2022

9,243,587

80,000

Common Stock Issuance

$ 1,384

^[1]

625,603

626,987

Common stock issuance, shares

1,383,400

Consultancy services settled by equities

$ 530

^[1]

657,370

657,900

Consultancy services settled by equities, shares

530,000

Share-based compensation

^[1]

163,621

Foreign currency translation Adjustments

^[1]

(4,688)

(2,334)

(7,022)

Preferred stock dividend

^[1]

(16,000)

Net loss

^[1]

(4,289,611)

(54,395)

(4,344,006)

Ending balance, value at Dec. 31, 2023

$ 11,157

^[1]

$ 80

$ 21,931,112

$ 191,219

$ (19,053,072)

$ 98,906

$ 3,179,402

$ 84,325

$ 3,263,727

Ending balance, shares at Dec. 31, 2023

11,156,987

80,000

[1]	On August 11, 2022, the Company effected a 2:3 reverse stock split for each share of common stock issued and outstanding. All shares and associated amounts have been retroactively restated to reflect the stock split.

WARRANTS

12 Months Ended

Dec. 31, 2023

Warrants

WARRANTS

Note 12 WARRANTS

On April 1, 2021, the Company entered into a securities purchase agreement with certain investors for an aggregate of 80,000 shares of its preferred stock at a per share purchase price of $2.50. As part of the transaction, the investors received one Class C warrant and one Class D warrant for each preferred share subscribed. The Class C warrants provide the right to purchase up to 80,000 shares of the Company’s common stock at an exercise price of $2.50 per share, exercisable for 36 months from the date of issuance. The Class D warrants provide the right to purchase up to 80,000 shares of the Company’s common stock at an exercise price of $5.00 per share, also exercisable for 36 months. The subscription was completed on August 10, 2021.

On September 27, 2021, the Company entered into another securities purchase agreement with the same investors, pursuant to which the Company issued, in a registered direct offering, an aggregate of 48,000 shares of common stock at a per share purchase price of $2.50. In addition, the investors received one Class C warrant and one Class D warrant for each preferred share subscribed. The Class C warrants and Class D warrants, similar to the previous agreement, provide the right to purchase up to 80,000 shares of common stock at exercise prices of $2.50 and $5.00 per share, respectively, with a 36-month exercise period from the date of issuance.

In connection with the Public Offering, and pursuant to a registration statement on Form S-1 (File No. 333-264059), originally filed with the SEC on April 1, 2022, and declared effective on August 10, 2022, the public offering price of each Unit was $3.50. Each Unit consisted of one share of common stock and a warrant to purchase two shares of common stock, exercisable until the fifth anniversary of the issuance date. The shares and warrants comprising the Units were immediately separable and issued separately in the Offering, which closed on August 15, 2022.

Additionally, pursuant to the underwriting agreement, the Company granted the underwriters a 45-day option to purchase up to 282,000 additional shares of common stock and warrants (equivalent to 15% of the Units sold in the Public Offering) at the public offering price per Unit, less underwriting discounts and commissions, to cover over-allotments, if any. On September 23, 2022, the underwriters exercised their option to purchase 282,000 warrants for gross proceeds of $2,820, and the warrants were issued on September 26, 2022.

The exercise price of the warrants is subject to adjustment based on a reset provision. The exercise price will be reduced to the “Reset Price,” which is defined as the greater of (i) 50% of the exercise price or (ii) 100% of the last volume-weighted average price (VWAP) immediately preceding the 90th calendar day following the initial issuance date, if the Reset Price is lower than the exercise price on that date.

Schedule of assumptions used
Appraisal Date (Inception Date)	C Warrant August 10, 2021		D Warrant August 10, 2021
	$		$
Market price per share (USD/share)		1.47		0.66
Exercise price (USD/price)		2.50		5.00
Risk free rate		0.14%		0.14%
Dividend yield		0.00%		0.00%
Expected term/ Contractual life (years)		1.39		1.39
Expected volatility		56.36%		56.36%

Appraisal Date (Inception Date)	C Warrant September 27, 2021		D Warrant September 27, 2021
	$		$
Market price per share (USD/share)		1.71		0.73
Exercise price (USD/price)		2.50		5.00
Risk free rate		0.15%		0.15%
Dividend yield		0.00%		0.00%
Expected term/ Contractual life (years)		1.26		1.26
Expected volatility		52.93%		52.93%

Appraisal Date (Inception Date)	IPO Warrant September 26, 2022
	$
Market price per share (USD/share)		1.28
Exercise price (USD/price)		1.925
Risk free rate		4.03%
Dividend yield		0.00%
Expected term/ Contractual life (years)		4.65
Expected volatility		46.10%

The following is a reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 3 inputs:

Schedule of warranty liability activity
	December 31, 2023		December 31, 2022
	$		$
Balance at the beginning of period		1,179,768		312,320
Warrants issued to investors		–		754,303
Warrants issued to underwriter		–		113,145
Fair value change of warrants included in earnings		–		–
Total		1,179,768		1,179,768

The following is a summary of the warrant activity:

Schedule of warrant activity
	Number of Warrants			Average Exercise Price		Weighted Average Remaining Contractual Term in Years

Outstanding at January 1, 2022		256,000			3.75		2.66
Exercisable at January 1, 2022		256,000			3.75		2.66
Granted		2,162,000			1.93		4.98
Exercised / surrendered		–			–		–
Expired		–			–		–
Outstanding at December 31, 2022		2,418,000			2.12		4.73
Exercisable at December 31, 2022		2,418,000			2.12		4.73

Outstanding at January 1, 2023		2,418,000			2.12		4.73
Exercisable at January 1, 2023		2,418,000			2.12		4.73
Granted		–			–		–
Exercised / surrendered		(162,854	)		1.93		–
Expired		–			–		–
Outstanding at December 31, 2023		2,255,146			2.14		3.65
Exercisable at December 31, 2023		2,255,146			2.14		3.65

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Product Information [Line Items]
Cash	$ 1,229,580	$ 2,906,074
Exchange rates at end of period	7.1258	6.4854
Annual average exchange rates	7.1162	6.3700
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Five Customer [Member]
Product Information [Line Items]
Concentration risk	80.85%
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Four Customer [Member]
Product Information [Line Items]
Concentration risk		49.62%

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, these financial statements do not include all of the information and footnotes required for complete financial statements and should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the SEC on March 31, 2023.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair presentation of the Company’s unaudited condensed consolidated financial position as of September 30, 2023, its consolidated results of operations for the nine months ended September 30, 2023, cash flows for the nine months ended September 30, 2023 and change in equity for the nine months ended September 30, 2023, as applicable, have been made. Operating results for the nine months ended September 30, 2023 are not necessarily indicative of the operating results that may be expected for the year ending December 31, 2023 or any future periods.

Change of Reporting Entity and Basis of Presentation

Change of Reporting Entity and Basis of Presentation

As a result of the Share Exchange on December 31, 2018, GSI became a wholly owned subsidiary of Nocera, Inc. The former GSI’s stockholders owned a majority of the common stock of the Company. The Transaction was regarded as a reverse merger whereby GSI was considered to be the accounting acquirer as its stockholders retained control of the Company after the Share Exchange, although Nocera, Inc. is the legal parent company. The Share Exchange was treated as a recapitalization of the Company.

As a result, the assets and liabilities and the historical operations that will be reflected in the Nocera’s financial statements after consummation of the Transaction will be those of GSI and will be recorded at the historical cost basis of GSI. Nocera’s assets, liabilities and results of operations will be consolidated with the assets, liabilities and results of operations of GSI upon consummation of the Transaction. As such, GSI is the continuing entity for financial reporting purpose. In a reverse merger, the historical stockholder’s equity of the accounting acquirer prior to the merger is retroactively reclassified (a recapitalization) for the equivalent number of shares received in the merger after giving effect to any difference in par value of the registrant’s and the accounting acquirer’s stock by an offset in paid-in-capital. Therefore, the financial statements have been prepared as if GSI had always been the reporting company and then on the share exchange date, had changed its name and reorganized its capital stock.

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) for interim financial information.

The consolidated financial statements included the financial statements of all subsidiaries and the VIE of the Company. All transactions and balances between the Company and its subsidiary and VIE have been eliminated in consolidation. Minority interests are recorded as a noncontrolling interest. A qualitative approach is applied to assess the consolidation requirement for VIEs.

Reclassification

Reclassification

Certain prior period amounts have been reclassified to conform with current year presentation.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the allowance for doubtful receivables; the useful lives of property and equipment and intangible assets; impairment of long-lived assets; recoverability of the carrying amount of inventory; fair value of financial instruments; provisional amounts based on reasonable estimates for certain income tax effects of the Tax Act and the assessment of deferred tax assets or liabilities. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.

Concentrations of Credit Risk

Concentrations of Credit Risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of accounts receivable. The Company conducts credit evaluations of its customers and suppliers, and generally does not require collateral or other security from them. The Company evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

There was five customers who represented 80.85% of the Company’s total revenue during the years ended December 31, 2023. There was four customers who represented 49.62% of the Company’s total revenue during the years ended December 31, 2022.

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net:


	December 31, 2023		December 31, 2022

Percentage of the Company’s accounts receivable
Customer A		60.11%		50.83%
Customer B		21.99%		14.73%
Customer C		–		31.82%
Customer D		16.10%		–
		98.19%		97.38%

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchase:

	For the years ended December 31,
	2023		2022

Percentage of the Company’s purchase
Supplier A		11.67%		–
Supplier B		10.06%		–
Supplier C		–		18.60%
		21.73%		18.60%

Fair Value Measurement

Fair Value Measurement

The Company applies ASC Topic 820, Fair Value Measurements and Disclosures which defines fair value, establishes a framework for measuring fair value and expands financial statement disclosure requirements for fair value measurements.

ASC Topic 820 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability (an exit price) on the measurement date in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability.

ASC Topic 820 specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows:

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. Unobservable inputs are valuation technique inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

Management of the Company is responsible for determining the assets acquired, liabilities assumed and intangibles identified as of the acquisition date and considered a number of factors including valuations from an independent appraiser.

When available, the Company uses quoted market prices to determine the fair value of an asset or liability. If quoted market prices are not available, the Company measures fair value using valuation techniques that use, when possible, current market-based or independently sourced market parameters, such as interest rates and currency rates.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include all cash on hand and cash in bank with no restrictions. The balance of cash as of December 31, 2023 and 2022 were $1,229,580 and $2,906,074, respectively.

Accounts Receivable, Net

Accounts Receivable, Net

Accounts receivable are stated at the original amount less an allowance for doubtful accounts, if any, based on a review of all outstanding amounts at period end. An allowance is also made when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The Company analyzes the aging of the customer accounts, coverage of credit insurance, customer concentrations, customer credit-worthiness, historical and current economic trends and changes in its customer payment patterns when evaluating the adequacy of the allowance for doubtful accounts.

Prepaid Expenses and Other Assets, Net

Prepaid Expenses and Other Assets, Net

Prepaid expense and other assets, net consist of receivable from investment, prepaid rent and etc. Management reviews its receivable balance each reporting period to determine if an allowance for doubtful accounts is required. An allowance for doubtful account is recorded in the period in which loss is determined to be probable based on an assessment of specific evidence indicating doubtful collection, historical experience, account balance aging, and prevailing economic conditions. Bad debts are written off against the allowance after all collection efforts have ceased.

Inventories, net

Inventories, net

Inventories are stated at lower of cost or net realizable value. Cost is determined using the weighted average method. Inventories include raw materials, work in progress and finished goods. The variable production overhead is allocated to each unit of product on the basis of the actual use of the production facilities. The allocation of fixed production overhead to the costs of conversion is based on the normal capacity of the production facilities.

Where there is evidence that the utility of inventories, in their disposal in the ordinary course of business, will be less than cost, whether due to physical deterioration, obsolescence, changes in price levels, or other causes, the inventories are written down to net realizable value.

Property and Equipment, Net

Property and Equipment, Net

Property and equipment are stated at cost less accumulated depreciation. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs, and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized.

Depreciation of property and equipment is provided using the straight-line method over their estimated useful lives, which are shown as follows.


	Useful life
Leasehold improvements	Shorter of the remaining lease terms and estimated useful lives
Land	Indefinite, as per land titles
Furniture and fixture	5 years
Equipment	3 years
Machinery	5 years
Vehicle	5 years

Upon sale or disposal, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount less proceeds from disposal is charged or credited to income.

Business Combination

Business Combination

For a business combination, the assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree are recognized at the acquisition date and measured at their fair values as of that date. In a business combination achieved in stages, the identifiable assets and liabilities, as well as the noncontrolling interest in the acquiree, are recognized at the full amounts of their fair values. In a bargain purchase in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree, that excess in earnings is recognized as a gain attributable to the acquirer.

Deferred tax liability and assets are recognized for the deferred tax consequences of differences between the tax bases and the recognized values of assets acquired and liabilities assumed in a business combination in accordance with Accounting Standards Codification (“ASC”) Topic 740-10.

Variable Interest Entity

Variable Interest Entity

A variable interest entity (“VIE”) is an entity (investee) in which the investor has obtained less than a majority interest, according to the Financial Accounting Standards Board (FASB). A VIE is subject to consolidation if a VIE meets one of the following three criteria as elaborated in ASC Topic 810-10, Consolidation:

(a)

equity-at-risk is not sufficient to support the entity’s activities;

(b)

as a group, the equity-at-risk holders cannot control the entity; or

(c)

the economics do not coincide with the voting interest.

If a firm is the primary beneficiary of a VIE, the holdings must be disclosed on the balance sheet. The primary beneficiary is defined as the person or company with the majority of variable interests. A corporation formed, owned, and operated by two or more businesses (ventures) as a separate and discrete business or project (venture) for their mutual benefit is defined as a joint venture.

Goodwill and Intangible Assets

Goodwill and Intangible Assets

We recognize goodwill in accordance with ASC 350, Intangibles—Goodwill and Other. Goodwill is the excess of cost of an acquired entity over the amounts assigned to assets acquired and liabilities assumed in a business combination. Goodwill is not amortized. Goodwill is tested for impairment annually as of December 31st of each year, and is tested for impairment between annual tests if an event occurs or circumstances change that would indicate the carrying amount may be impaired. An impairment charge for goodwill is recognized only when the estimated fair value of a reporting unit, including goodwill, is less than its carrying amount.

We recognize intangibles assets in accordance with ASC 350, Intangibles—Goodwill and Other. Acquired intangible assets subject to amortization are stated at cost and are amortized using the straight-line method over the estimated useful lives of the assets. Intangible assets that are subject to amortization are reviewed for potential impairment whenever events or circumstances indicate that carrying amounts may not be recoverable. Assets not subject to amortization are tested for impairment at least annually.

The estimates of fair value are based on the best information available as of the date of the assessment, which primarily incorporates management assumptions about expected future cash flows. Although these assets are not currently impaired, there can be no assurance that future impairments will not occur.

Share-Based Compensation

Share-Based Compensation

We determine our share-based compensation in accordance with ASC 718, Compensation—Stock Compensation (ASC 718), which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees based on the grant date fair value of the award.

Determining the appropriate fair value model and calculating the fair value of phantom award grants requires the input of subjective assumptions. We use the Black-Scholes pricing model to value our phantom awards. Share-based compensation expense is calculated using our best estimates, which involve inherent uncertainties and the application of management’s judgment. Significant estimates include our expected volatility. If different estimates and assumptions had been used, our phantom unit valuations could be significantly different and related share-based compensation expense may be materially impacted.

The Black-Scholes pricing model requires inputs such as the risk-free interest rate, expected term, expected volatility and expected dividend yield. We base the risk-free interest rate that we use in the Black-Scholes pricing model on zero coupon U.S. Treasury instruments with maturities similar to the expected term of the award being valued. The expected term of phantom awards is estimated from the vesting period of the award and represents the weighted average period that our phantom awards are expected to be outstanding. We estimated the volatility based on the historic volatility of our guideline companies, which we feel best represent our company. We have never paid and do not anticipate paying any cash dividends in the foreseeable future and, therefore, we use an expected dividend yield of zero in the pricing model. We account for forfeitures as they occur.

Impairment of Long-lived Assets

Impairment of Long-lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Company measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Company would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets.

Commitments and Contingencies

Commitments and Contingencies

In the normal course of business, the Company is subject to contingencies, including legal proceedings and claims arising out of its business that relate to a wide range of matters, such as government investigations and tax matters. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments including historical and the specific facts and circumstances of each matter.

Revenue Recognition

Revenue Recognition

We recognize revenues when our customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. We recognize revenues following the five step model prescribed under ASU No. 2014-09. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, we apply the following steps:

·	Step 1: Identify the contract (s) with a customer

·	Step 2: Identify the performance obligations in the contract

·	Step 3: Determine the transaction price

·	Step 4: Allocate the transaction price to the performance obligation in the contract

·	Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

The Company considered revenue is recognized when (or as) the Company satisfies performance obligations by transferring a promised goods and provide maintenance service to a customer. Revenue is measured at the transaction price which is based on the amount of consideration that the Company expects to receive in exchange for transferring the promised goods and providing maintenance service to the customer. Contracts with customers are comprised of invoices and written contracts.

The Company does not have arrangements for returns from customers and does not have any future obligations directly or indirectly related to services resale by customers. The Company has no sales incentive programs.

The Company provides goods, maintenance service warranties for the goods sold with a period varying from 18 months to 72 months, which majority are 18 months, and exclusive sales agency license to its customers. For performance obligation related to providing products, the Company expects to recognize the revenue according to the delivery of products. For performance obligation related to maintenance service warranties, the Company expects to recognize the revenue on a ratable basis using a time-based output method. The performance obligations are typically satisfied as services are rendered on a straight-line basis over the contract term, which is generally for 18 months as majority of the maintenance service warranties periods provided are 18 months. For performance obligation related to exclusive agency license, the Company recognizes the revenue ratably upon the satisfaction over the estimated economic life of the license.

The Company does not have amounts of contract assets since revenue is recognized as control of goods is transferred. The contract liabilities consist of advance payments from customers and deferred revenue. Advance payments from customer are expected to be recognized as revenue within 12 months. Deferred revenue is expected to be recognized as revenue within 12 months.

Cost of Sales

Cost of Sales

Cost of sales consists primarily of material costs, labor costs, depreciation, and related expenses, which are directly attributable to the production of the product. Write-down of inventories to lower of cost or net realizable value is also recorded in cost of sales.

Income Taxes

Income Taxes

The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

Leases

Leases

In February 2016, the FASB issued ASU 2016-12, Leases (ASC Topic 842), which amends the leases requirements in ASC Topic 840, Leases. Under the new lease accounting standard, a lessee will be required to recognize a right-of-use asset and lease liability for most leases on the balance sheet. The new standard also modifies the classification criteria and accounting for sales-type and direct financing leases, and enhances the disclosure requirements. Leases will continue to be classified as either finance or operating leases.

The Company adopted ASC Topic 842 using the modified retrospective transition method effective January 1, 2019. There was no cumulative effect of initially applying ASC Topic 842 that required an adjustment to the opening retained earnings on the adoption date nor revision of the balances in comparative periods. As a result of the adoption, The Company recognized a lease liability and right-of-use asset for each of our existing lease arrangement. The adoption of the new lease standard does not have a material impact on our consolidated income statement or our consolidated statement of cash flow.

Uncertain Tax Positions

Uncertain Tax Positions

The Company accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. Interest and penalties related to uncertain tax positions are recognized and recorded as necessary in the provision for income taxes. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB 100,000. In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. The Company records interest and penalties on uncertain tax provisions as income tax expense. There are no uncertain tax positions as of December 31, 2023 and 2022, and the Company has no accrued interest or penalties related to uncertain tax positions. The company does not believe that the unrecognized tax benefits will change over the next twelve months.

Comprehensive (Loss) Income

Comprehensive (Loss) Income

Comprehensive income or loss is comprised of the Company’s net (loss) income and other comprehensive income or loss. The component of other comprehensive income or loss consists solely of foreign currency translation adjustments, net of the income tax effect.

Foreign Currency Translation and Transactions

Foreign Currency Translation and Transactions

The Company’s reporting currency is the U.S. dollar (“US$”). The functional currency of the Company’s subsidiary and the consolidated VIE is RMB. In the consolidated financial statements, the financial information of the Company’s subsidiary and the consolidated VIE has been translated into US$. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, except for changes in accumulated deficit during the year which is the result of income statement translation process, and revenue, expense, gains or losses are translated using the average exchange rate during the year. Translation adjustments are reported as foreign currency translation adjustments and are shown as a separate component of other comprehensive income or loss in the consolidated statements of changes in equity and comprehensive (loss) income. The exchange rates as of December 31, 2023 and 2022 are 7.1258 and 6.4854, respectively. The annual average exchange rates for the year ended December 31, 2023 and 2022 are 7.1162 and 6.3700, respectively.

(Loss) Earnings per Share

(Loss) Earnings per Share

Basic (loss) earnings per share is computed by dividing net (loss) income attributable to holders of common stock by the weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

Recent accounting pronouncements issued by the Financial Accounting Standards Board, its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

WARRANTS (Details - Warrant Liability) - USD ($)	12 Months Ended
WARRANTS (Details - Warrant Liability) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Balance at the beginning of period	$ 1,179,768	$ 312,320
Fair value change of warrants included in earnings	0	0
Total	1,179,768	1,179,768
Warrants Issued To Investors [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Warrants issued	0	754,303
Warrants Issued To Underwriter [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Warrants issued	$ 0	$ 113,145

GOODWILL AND OTHER INTANGIBLE ASSETS (Details - Customer Relations) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions	$ 135,325	$ 135,325
Translation/ Adjustments	0	0
Less: Accumulated amortization	(21,196)	(4,891)
Balance at end of year	$ 114,129	$ 130,434

PROPERTY AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

Note 9 PROPERTY AND EQUIPMENT, NET

As of December 31, 2023 and December 31, 2022, property and equipment consisted of the following:

Schedule of property and equipment
	December 31, 2023			December 31, 2022
	$			$
Land	877,870			–
Equipment		905,430			903,867
Less: Accumulated depreciation		(235,499	)		(59,254	)
Property and equipment, net		1,547,801			844,613

Depreciation expenses for the years ended December 31, 2023 and 2022 were $171,312 and $66,907, respectively.

OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of other loans

Schedule of other loans
	For the years ended December 31,
	2023		2022

Secured loan from Chailease Finance Co., Ltd wholly repayable within 1 year	$	487,800	$	214,913
Total secured loan wholly repayable within 1 year		487,800		214,913

Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year		–		436,341
Total	$	487,800	$	651,254

OTHER BORROWINGS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Secured loan, current	$ 487,800	$ 214,913
Secured loan, non current	487,800	651,254
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Secured loan, non current	0	436,341
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Secured loan, current	$ 487,800	$ 214,913

INVENTORIES, NET

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

INVENTORIES, NET

Note 5 INVENTORIES, NET

As of December 31, 2023 and 2022, inventories consisted of the following:

Schedule of inventories
	December 31, 2023		December 31, 2022
	$		$
Raw materials		88,432		91,781
Work in process		–		–
Total		88,432		91,781

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details - Concentrations)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer A [Member]
Product Information [Line Items]
Concentration percentage	60.11%	50.83%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer B [Member]
Product Information [Line Items]
Concentration percentage	21.99%	14.73%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer C [Member]
Product Information [Line Items]
Concentration percentage	0.00%	31.82%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Customer D [Member]
Product Information [Line Items]
Concentration percentage	16.10%	0.00%
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| All Customers [Member]
Product Information [Line Items]
Concentration percentage	98.19%	97.38%
Purchases [Member] \| Product Concentration Risk [Member] \| Supplier A [Member]
Product Information [Line Items]
Concentration percentage	11.67%	0.00%
Purchases [Member] \| Product Concentration Risk [Member] \| Supplier B [Member]
Product Information [Line Items]
Concentration percentage	10.06%	0.00%
Purchases [Member] \| Product Concentration Risk [Member] \| Supplier C [Member]
Product Information [Line Items]
Concentration percentage	0.00%	18.60%
Purchases [Member] \| Product Concentration Risk [Member] \| All Suppliers [Member]
Product Information [Line Items]
Concentration percentage	21.73%	18.60%

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Note 21 COMMITMENTS AND CONTINGENCIES

Capital commitments

As of December 31, 2023 and 2022, the Company’s capital commitments contracted but not yet reflected in the consolidated financial statements amounted to $nil. 0

Contingencies

In the ordinary course of business, the Company may be subject to legal proceeding regarding contractual and employment relationships and a variety of other matters. The Company records contingent liabilities resulting from such claims when a loss is assessed to be probable and the amount of the loss is reasonably estimable.

The Company has no significant pending litigation for the year ended December 31, 2023 and 2022.

SHARE-BASED COMPENSATION

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

Note 18 SHARE-BASED COMPENSATION

On December 27, 2018, Nocera granted Mr. Yin-Chieh Cheng quarterly option awards of 250,000 Series “A” Warrants for 20 quarters (5 years) for a total of 5,000,000 Series “A” Warrants with exercise price of $0.50 per share, subject to continued employment for services as Chairman of the Board and a Director.

On June 1, 2020, Nocera granted Mr. Shun-Chih Chuang and Mr. Hsien-Wen Yu 50,000 shares of Class A warrants and 60,000 shares of Class A warrants separately, each with exercise price of $0.50 per share, for serving as the Company’s Chief Financial Officer and Chief Operating Officer. The Company also granted 2 employees 50,000 shares of Class A warrants with exercise price of $0.50 per share. The Class A warrants consist of the right to purchase one share for $0.50 per share from the date of issuance until April 23, 2026.

On June 1, 2020, Nocera granted Mr. Michael A. Littman 50,000 shares of Class A warrants with exercise price of $0.50 per share and 50,000 shares of Class B warrants with exercise price of $1.00 per share. Mr. Littman exercised 50,000 shares of Class A warrants and 50,000 shares of Class B warrants on August 11, 2021. The Class B warrants consist of the right to purchase one share for $1.00 per share separately from the date of issuance until April 23, 2026.

On December 1, 2021, Nocera granted Mr. Shun-Chih Chuang and Mr. Hsien-Wen Yu 75,000 shares of Class A warrants and 60,000 shares of Class A warrants separately, each with exercise price of $0.50 per share, for serving as the Company’s Chief Financial Officer and Chief Operating Officer. The Company also granted 2 employees 70,000 shares of Class A warrant with exercise price of $0.50 per share.

On December 31, 2021, the Company issued an aggregate of 505,000 shares of common stock to Mr. Shun-Chih Chuang and a total of five consultants in consideration for services rendered.

On December 22, 2022, the Company issued 150,000 and 75,000 shares of common stock to Chen-Chun Chung and TraDigital respectively in consideration for services rendered.

On March 22, 2023, the Company issued 450,000 shares of our common stock to our investor relation company, Hanover One International, Inc.

On October 11, 2023, the Company issued 20,000 shares of our common stock to our consultant, Yu-Hao Chang.

On December 5, 2023, the Company issued 60,000 shares of our common stock to our Chief Executive Officer, Andy Chin-An Jin.

The estimated fair value of share-based compensation for employees is recognized as a charge against income on a ratable basis over the requisite service period, which is generally the vesting period of the award. The fair value of stock option grant was estimated on the date of grant using the Black-Scholes option pricing model under the following assumptions:


	December 31, 2023		December 31, 2022

Dividend yield		N/A		N/A
Risk-free interest rate		1.16%		1.16%
Expected term (in years)		4.31		4.31
Volatility		48.15%		48.15%

The Company estimated the grant date fair value of time-based stock option awards using the Black-Scholes option valuation model, which requires assumptions involving an estimate of the fair value of the underlying common stock on the date of grant, the expected term of the options, volatility, discount rate and dividend yield. The Company calculated expected option terms based on the “simplified” method for “plain vanilla” options due to the limited exercise information. The “simplified method” calculates the expected term as the average of the vesting term and the original contractual term of the options. The Company calculated volatility using the average adjusted volatility of quick companies feature of Capital IQ for a period of time reflective of the expected option term, while the discount rate was estimated using the interest rate for a treasury note with the same contractual term as the options granted. Dividend yield is estimated at our current dividend rate, which adjustments for any known future changes in the rate.

For the years ended December 31, 2023 and December 31, 2022, $163,621 and $413,453 share-based compensation expenses was recognized into additional paid-in capital of the Company, respectively.

As of December 31, 2022, total unrecognized compensation cost related to unvested share-based compensation awards was $11,114,097. This amount is expected to be recognized as stock-based compensation expense in the Company’s consolidated statements of operations and comprehensive income over the remaining vesting period of 1.99 years.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

SHARE-BASED COMPENSATION (Details - assumptions)	12 Months Ended
SHARE-BASED COMPENSATION (Details - assumptions)	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	1.16%	1.16%
Expected term (in years)	4 years 3 months 21 days	4 years 3 months 21 days
Volatility	48.15%	48.15%

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Schedule of other payables

Schedule of other payables
	December 31, 2023		December 31, 2022
	$		$
VAT payable		–		–
Salary payable		842		861
Others		33,251		37,527
Total		34,093		38,388

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (235,499)	$ (59,254)
Property and equipment, net	1,547,801	844,613
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	877,870	0
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 905,430	$ 903,867

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of concentrations of credit risk


	December 31, 2023		December 31, 2022

Percentage of the Company’s accounts receivable
Customer A		60.11%		50.83%
Customer B		21.99%		14.73%
Customer C		–		31.82%
Customer D		16.10%		–
		98.19%		97.38%

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchase:

	For the years ended December 31,
	2023		2022

Percentage of the Company’s purchase
Supplier A		11.67%		–
Supplier B		10.06%		–
Supplier C		–		18.60%
		21.73%		18.60%

Schedule of property and equipment useful lives


	Useful life
Leasehold improvements	Shorter of the remaining lease terms and estimated useful lives
Land	Indefinite, as per land titles
Furniture and fixture	5 years
Equipment	3 years
Machinery	5 years
Vehicle	5 years

WARRANTS (Tables)

12 Months Ended

Dec. 31, 2023

Warrants

Schedule of assumptions used

Schedule of assumptions used
Appraisal Date (Inception Date)	C Warrant August 10, 2021		D Warrant August 10, 2021
	$		$
Market price per share (USD/share)		1.47		0.66
Exercise price (USD/price)		2.50		5.00
Risk free rate		0.14%		0.14%
Dividend yield		0.00%		0.00%
Expected term/ Contractual life (years)		1.39		1.39
Expected volatility		56.36%		56.36%

Appraisal Date (Inception Date)	C Warrant September 27, 2021		D Warrant September 27, 2021
	$		$
Market price per share (USD/share)		1.71		0.73
Exercise price (USD/price)		2.50		5.00
Risk free rate		0.15%		0.15%
Dividend yield		0.00%		0.00%
Expected term/ Contractual life (years)		1.26		1.26
Expected volatility		52.93%		52.93%

Appraisal Date (Inception Date)	IPO Warrant September 26, 2022
	$
Market price per share (USD/share)		1.28
Exercise price (USD/price)		1.925
Risk free rate		4.03%
Dividend yield		0.00%
Expected term/ Contractual life (years)		4.65
Expected volatility		46.10%

Schedule of warranty liability activity

Schedule of warranty liability activity
	December 31, 2023		December 31, 2022
	$		$
Balance at the beginning of period		1,179,768		312,320
Warrants issued to investors		–		754,303
Warrants issued to underwriter		–		113,145
Fair value change of warrants included in earnings		–		–
Total		1,179,768		1,179,768

Schedule of warrant activity

Schedule of warrant activity
	Number of Warrants			Average Exercise Price		Weighted Average Remaining Contractual Term in Years

Outstanding at January 1, 2022		256,000			3.75		2.66
Exercisable at January 1, 2022		256,000			3.75		2.66
Granted		2,162,000			1.93		4.98
Exercised / surrendered		–			–		–
Expired		–			–		–
Outstanding at December 31, 2022		2,418,000			2.12		4.73
Exercisable at December 31, 2022		2,418,000			2.12		4.73

Outstanding at January 1, 2023		2,418,000			2.12		4.73
Exercisable at January 1, 2023		2,418,000			2.12		4.73
Granted		–			–		–
Exercised / surrendered		(162,854	)		1.93		–
Expired		–			–		–
Outstanding at December 31, 2023		2,255,146			2.14		3.65
Exercisable at December 31, 2023		2,255,146			2.14		3.65

PREFERRED STOCK

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

PREFERRED STOCK

Note 19 PREFERRED STOCK

In August 2021, the Company issued 80,000 shares of preferred shares of $1.00 each at an issue price of $2.50 per share to certain investors credited as fully paid. The preferred shares are non-voting and non-redeemable. The holder of the preferred shares will have priority over the holders of ordinary shares of the Company on the assets and funds of the Company available for distribution in a distribution of assets on liquidation, winding up or dissolution of the Company. The holder of the preferred shares shall not have the right to attend or vote at any general meeting of the Company (except a general meeting for winding up of the Company or a resolution is to be proposed which if passed would vary or abrogate the rights or privileges of such holder).

On August 11, 2022, the Company effected a 2:3 reverse stock split for each share of common stock issued and outstanding. As a result of reverse stock split, the shares of common stock issuable upon the conversion of Series A Preferred Stock decreased from 80,000 shares to 53,334 shares.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY

Note 3 SUMMARY OF SIGNIFICANT ACCOUNTING POLICY

Basis of Presentation

Change of Reporting Entity and Basis of Presentation

Reclassification

Certain prior period amounts have been reclassified to conform with current year presentation.

Use of Estimates

Concentrations of Credit Risk

The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net:


	December 31, 2023		December 31, 2022

Percentage of the Company’s accounts receivable
Customer A		60.11%		50.83%
Customer B		21.99%		14.73%
Customer C		–		31.82%
Customer D		16.10%		–
		98.19%		97.38%

The following table sets forth a summary of single suppliers who represent 10% or more of the Company’s total purchase:

	For the years ended December 31,
	2023		2022

Percentage of the Company’s purchase
Supplier A		11.67%		–
Supplier B		10.06%		–
Supplier C		–		18.60%
		21.73%		18.60%

Fair Value Measurement

ASC Topic 820 specifies a hierarchy of valuation techniques, which is based on whether the inputs into the valuation technique are observable or unobservable. The hierarchy is as follows:

Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Cash and Cash Equivalents

Cash and cash equivalents include all cash on hand and cash in bank with no restrictions. The balance of cash as of December 31, 2023 and 2022 were $1,229,580 and $2,906,074, respectively.

Accounts Receivable, Net

Prepaid Expenses and Other Assets, Net

Inventories, net

Property and Equipment, Net

Depreciation of property and equipment is provided using the straight-line method over their estimated useful lives, which are shown as follows.


	Useful life
Leasehold improvements	Shorter of the remaining lease terms and estimated useful lives
Land	Indefinite, as per land titles
Furniture and fixture	5 years
Equipment	3 years
Machinery	5 years
Vehicle	5 years

Upon sale or disposal, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount less proceeds from disposal is charged or credited to income.

Business Combination

Variable Interest Entity

(a)

equity-at-risk is not sufficient to support the entity’s activities;

(b)

as a group, the equity-at-risk holders cannot control the entity; or

(c)

the economics do not coincide with the voting interest.

Goodwill and Intangible Assets

Share-Based Compensation

Impairment of Long-lived Assets

Commitments and Contingencies

Revenue Recognition

·	Step 1: Identify the contract (s) with a customer

·	Step 2: Identify the performance obligations in the contract

·	Step 3: Determine the transaction price

·	Step 4: Allocate the transaction price to the performance obligation in the contract

·	Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation

Cost of Sales

Income Taxes

Leases

Uncertain Tax Positions

Comprehensive (Loss) Income

Foreign Currency Translation and Transactions

(Loss) Earnings per Share

Recent Accounting Pronouncements

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”)

Note 22 DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”)

On December 31, 2020, we exchanged 466,667 (post-split) shares of our restricted common stock to stockholders of Xin Feng Construction Co., Ltd., a Taiwan limited liability company (“XFC”), in exchange for 100% controlling interest in XFC. We also entered into contractual arrangements with a stockholder of XFC, that enabled us to have the power to direct the activities that most significantly affects the economic performance of XFC and receive the economic benefits of XFC that could be significant to XFC. On November 30, 2022, the Company, XFC and Han-Chieh Shih (the “Purchaser”) entered into certain Share Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, the Purchaser agreed to purchase XFC 100% controlling interest in exchange of cash purchase price of $300,000 (the “Consideration”). The transaction contemplated by the Purchase Agreement is hereby referred as the Disposal. On March 29, 2022, management was authorized to approve and commit to a plan to sell XFC. On November 30, 2022, the parties completed all the share transfer registration procedure as required by the laws of Taiwan and all the other closing conditions have been satisfied, as a result, the Disposal contemplated by the Purchase Agreement is completed and the VIE agreements were terminated.

In accordance with ASC 205-20-45, XFC met the criteria as a discontinued operation. As of November 30, 2022, the assets relevant to the sale of XFC with a carrying value of $2.6 million were classified as assets held, the liabilities relevant to the sale of XFC with a carrying value of $71,168 were classified as liabilities held for sale, and the cumulative translation adjustments relevant to the sale of XFC of $1.8 million was removed from the equity component and was reported as a gain on the sale of XFC. A net loss of $2.8 million was recognized as the net loss from disposal of discontinued operation in the year ended December 31, 2022.

The following is a reconciliation of the amounts of major classes of income from operations classified as discontinued operations in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2023 and 2022:


	For the Years Ended December 31,
	2022
Discontinued Operations:
Revenue	$	2,236,616
Cost of revenues		(2,225,487	)
Selling expenses		–
General and administrative expenses		(105,226	)
Other revenue		1,812
Other expenses		–
Income tax		–
Net gain from discontinued operations		–
Net income (loss) from discontinued operations	$	(92,285	)

(LOSS) EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share

Schedule of earnings per share
	For the years ended December 31,
	2023			2022
	$			$
Net loss		(4,289,611	)		(4,812,908	)
Net loss from continuing operations		(4,289,611	)		(2,074,329	)
Net (loss) income from discontinued operations		–			(2,662,260	)

Weighted Average Shares Outstanding – Basic and Diluted		9,814,000			7,876,367

Loss per share – basic and diluted		(0.4383	)		(0.6111	)
Net loss per share from continuing operations – basic and diluted (1)		(0.4383	)		(0.2731	)
Net (loss) income per share from discontinued operations – basic and diluted (1)		–			(0.3380	)

ADVANCE TO SUPPLIERS (Details Narrative) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Advance To Suppliers
Advances to suppliers	$ 1,732	$ 1,732

LEASES

12 Months Ended

Dec. 31, 2023

Leases

LEASES

Note 13 LEASES

The Company has two non-cancelable lease agreements for certain office and accommodation as well as fish farming containers for research and develop advanced technology for water circulation applying in fishery with original lease periods expiring between 2022 and 2023. The lease terms may include options to extend or terminate the lease when it is reasonably certain the Company will exercise that option. The Company recognizes rental expense on a straight-line basis over the lease term.

The components of lease expenses for the year ended December 31, 2023 and December 31, 2022 were as follows:


	Statement of Income Location	For the year ended December 31, 2023		For the year ended December 31, 2022
		$		$
Lease Costs
Operating lease expense	General and administrative expenses		69,442		51,227
Total net lease costs			69,442		51,227

Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2023 and December 31, 2022 are US$ nil.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	11,156,987	9,243,587
Common stock, shares outstanding	11,156,987	9,243,587
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Series A Preferred Stock [Member]
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	80,000	80,000
Preferred stock, shares outstanding	80,000	80,000

PRINCIPAL ACTIVITIES AND ORGANIZATION (Details Narrative) - USD ($)		1 Months Ended
	Sep. 07, 2022	Nov. 30, 2022
Meixin V I E Agreements [Member]
Schedule of Equity Method Investments [Line Items]
Purchase of controlling interest	$ 4,300,000
XFC Sale [Member]
Schedule of Equity Method Investments [Line Items]
Purchase cash price		$ 300,000

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 23,915,926	$ 14,102,138
Cost of sales	(23,720,967)	(13,846,172)
Gross profit	194,959	255,966
Operating expenses
Impairment of goodwill	(2,250,553)
General and administrative expenses	(2,225,323)	(2,772,102)
Total operating expenses	(4,475,876)	(2,772,102)
Other (expenses) income, net
Other (expenses) income	(40,386)	417,999
Net loss from continuing operations before income taxes	(4,321,303)	(2,098,137)
Income tax expenses	(22,703)	23,808
Net loss from continuing operations	(4,344,006)	(2,074,329)
Net loss from discontinued operations
Loss on disposal	0	(2,569,975)
(Loss) income from discontinued operations	0	(92,285)
Net (loss) income from discontinued operations	0	(2,662,260)
Net loss	(4,344,006)	(4,736,589)
Less: Net income attributable to non-controlling interests	54,395	(76,319)
Net loss attributable to Nocera Shareholders	(4,289,611)	(4,812,908)
Other Comprehensive loss
Net loss	(4,344,006)	(4,736,589)
Foreign currency translation income (loss)	4,688	(89,688)
Total comprehensive loss	(4,339,318)	(4,826,257)
Less: Net loss attributable to non-controlling interest	6,060	(76,319)
Less: Foreign currency translation loss attributable to non-controlling interest	0	0
Comprehensive loss attributable to Nocera Shareholders	$ (4,333,258)	$ (4,902,576)

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of assumptions of option pricing


	December 31, 2023		December 31, 2022

Dividend yield		N/A		N/A
Risk-free interest rate		1.16%		1.16%
Expected term (in years)		4.31		4.31
Volatility		48.15%		48.15%

BUSINESS COMBINATION

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

BUSINESS COMBINATION

NOTE 23 BUSINESS COMBINATION

Meixin Institutional Food Development Company Limited

On September 7, 2022, the Company acquired 80% shares of Meixin. The fair values of assets acquired and liabilities assumed were as follows:


Cash and bank balance	$	7,824
Trade receivables		10,646
Inventory		14,225
Plant and equipment, net		872,939
Intangible assets – customer relations		169,156
Other payables and accrued liabilities		(581,959	)
Net assets value		492,831
Net assets acquired @ 80%		394,265
Goodwill		3,905,735
Purchases price	$	4,300,000

Xin Feng Construction Co., Ltd.

On November 30, 2022, the Company terminated the VIE agreements with and settled all debt claims as to XFC. The fair values of assets and liabilities of XFC were as follows:


Cash and bank balance	$	46,564
Trade receivables		378,798
Inventory		144,968
Prepaid expenses and other current assets		2,000,452
Plant and equipment, net		38,402
Bank borrowing		(19,054	)
Other payables and accrued liabilities		(19,839	)
Income tax payable		(32,274	)
Goodwill		332,040
Net assets acquired	$	2,870,057
Consideration received		(300,082	)
Loss on disposal of subsidiary	$	2,569,975

GOODWILL AND OTHER INTANGIBLE ASSETS (Details - Goodwill) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Goodwill	$ 1,655,182	$ 3,905,735
Goodwill	(2,250,553)	0
Goodwill	2,250,553	0
Meixin [Member]
Goodwill	$ 3,905,735	$ 3,905,735

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

INVENTORIES, NET (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of inventories

Schedule of inventories
	December 31, 2023		December 31, 2022
	$		$
Raw materials		88,432		91,781
Work in process		–		–
Total		88,432		91,781

WARRANTS (Details Narrative) - Underwriters [Member] - USD ($)	Sep. 23, 2022	Sep. 27, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Option to purchase shares		282,000
Purchase of additional warrants	282,000
Gross proceeds of warrants	$ 2,820

TAXATION (Details - Income tax expense) - USD ($)	12 Months Ended
TAXATION (Details - Income tax expense) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Current	$ 0	$ 23,808
Deferred	0	0
Total income tax expense (benefit)	$ 0	$ 23,808

BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2023

Meixin Institutional Food Development Company Limited [Member]

Business Acquisition [Line Items]

Schedule of assets acquired and liabilities assumed


Cash and bank balance	$	7,824
Trade receivables		10,646
Inventory		14,225
Plant and equipment, net		872,939
Intangible assets – customer relations		169,156
Other payables and accrued liabilities		(581,959	)
Net assets value		492,831
Net assets acquired @ 80%		394,265
Goodwill		3,905,735
Purchases price	$	4,300,000

Xin Feng Construction Co Ltd [Member]

Business Acquisition [Line Items]

Schedule of assets acquired and liabilities assumed


Cash and bank balance	$	46,564
Trade receivables		378,798
Inventory		144,968
Prepaid expenses and other current assets		2,000,452
Plant and equipment, net		38,402
Bank borrowing		(19,054	)
Other payables and accrued liabilities		(19,839	)
Income tax payable		(32,274	)
Goodwill		332,040
Net assets acquired	$	2,870,057
Consideration received		(300,082	)
Loss on disposal of subsidiary	$	2,569,975

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Dec. 31, 2023	Nov. 20, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K/A
Amendment Flag	true
Amendment Description	client had edits
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-41434
Entity Registrant Name	NOCERA, INC.
Entity Central Index Key	0001756180
Entity Tax Identification Number	16-1626611
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3F (Building B), No. 185,
Entity Address, Address Line Two	Sec. 1 , Datong Rd.,
Entity Address, Address Line Three	Xizhi Dist
Entity Address, City or Town	New Taipei City
Entity Address, Country	TW
Entity Address, Postal Zip Code	221
City Area Code	886
Local Phone Number	910-163-358
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	NCRA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 11,661,410
Entity Common Stock, Shares Outstanding		14,016,987
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Centurion ZD CPA & Co.
Auditor Location	Hong Kong
Auditor Firm ID	2769