Nocera, Inc. Restates 2024–2025 Financials After Errors Identified

What Happened
Nocera, Inc. (NCRA) announced on Aug. 17, 2026 (Board action dated Aug. 14, 2026) that its Board, after consulting management and its independent auditors, concluded the Company’s previously issued consolidated financial statements for years ended Dec. 31, 2024 and Dec. 31, 2025 (and certain 2025 interim quarters) should no longer be relied upon. The Company filed Amendment No. 2 to its Form 10-K/A concurrently with the 8‑K and performed a comprehensive reassessment of accounting conclusions and U.S. GAAP application, resulting in restatement adjustments.

Key Details

• Goodwill: reduction of approximately $1,351,703 in the restated 2024 statements; goodwill carrying amount reduced from $2,077,728 to $726,025.
• Balance sheet reclassifications/write-offs in 2024: accounts receivable $102,568; prepaid expenses $497,317; property & equipment $66,015; other non-current assets $349.
• Taxes, leases and liabilities: additional income tax payable ≈ $110,669; finance lease right-of-use assets $43,453 with corresponding lease liabilities ($6,652 current, $8,511 non-current).
• Equity and results: aggregate increase in accumulated losses of ≈ $2,096,572 and an accumulated other comprehensive income adjustment of $11,603 as of Dec. 31, 2024. For 2025, net sales were reduced by ≈ $2,597,349 (partly reclassified to discontinued operations and offset by cost-of-sales adjustments); total net loss for 2024 and 2025 remained unchanged. The Second Amendment includes the required ASC 250 restatement tabular disclosure.

Why It Matters
This filing means Nocera’s prior financial reports for 2024 and 2025 contained material presentation and classification errors that affect balance sheet and revenue line items—even though reported net losses for those years did not change. Investors should review the Second Amendment (restated financial statements and Note 2) to understand specific impacts on assets, liabilities, equity and revenue recognition. The Audit Committee has reviewed the matter; continued disclosure or remediation steps may follow as investors assess the company’s historical financial reliability.