XML 33 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 496,495 $ 28,539
Accounts receivable, net 1,667,336 1,483,583
Inventories, net 304,569 287,409
Advance to suppliers 3,796 2,440
Prepaid expenses and other assets, net 81,630 17,148
Due from a related party 0 683,521
Total current assets 2,553,826 2,502,640
Non-current assets    
Deferred tax assets, net 94,562 74,639
Property and equipment, net 179,380 194,809
Operating lease right-of-use assets 98,877 113,166
Intangible assets, net 439,402 473,935
Total non-current assets 812,221 856,549
Total assets 3,366,047 3,359,189
Current liabilities    
Accounts payable 260,462 251,603
Advance from customers 514,877 392,148
Other payables and accrued liabilities 291,963 294,472
Due to related parties 423,343 405,772
Income tax payable 615,712 608,598
Bank borrowing 0 15,367
Deferred revenue - current portion 259,116 620,331
Operating lease liabilities - current 8,468 8,485
Total current liabilities 2,373,941 2,596,776
Total liabilities 2,373,941 2,596,776
Commitments and contingencies
Equity    
Common stock ($0.001 par value; authorized 200,000,000 shares; 12,354,200 shares issued and outstanding as of March 31, 2020 and December 31, 2019) 12,354 12,354
Additional paid-in capital 286,914 271,915
Statutory and other reserves 191,219 191,219
Retained earnings 558,521 339,203
Accumulated other comprehensive loss (82,219) (81,350)
Total Nocera, Inc.'s stockholders' equity 966,789 733,341
Non-controlling interests 25,317 29,072
TOTAL STOCKHOLDER EQUITY 992,106 762,413
Total liabilities and equity $ 3,366,047 $ 3,359,189