Nocera (NCRA) 10-Q 16 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 15, 2020
Cover [Abstract]
Entity Registrant Name	NOCERA, INC.
Entity Central Index Key	0001756180
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Is Entity Emerging Growth Company?	true
Elected Not To Use the Extended Transition Period	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Common Stock, Shares Outstanding		8,431,786
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020
Entity Shell Company	false
Interactive data current?	Yes
Entity Incorporation State	NV
Entity file number	000-55993

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 251,866	$ 28,539
Accounts receivable, net	109,055	1,483,583
Inventories, net	112,304	287,409
Advance to suppliers	1,732	2,440
Prepaid expenses and other assets, net	14,298	17,148
Due from a related party	19,453	683,521
Total current assets	508,708	2,502,640
Non-current assets
Deferred tax assets, net	2,203	74,639
Property and equipment, net	399	194,809
Operating lease right-of-use assets	0	113,166
Intangible assets, net	0	473,935
Total non-current assets	2,602	856,549
Total assets	511,310	3,359,189
Current liabilities
Accounts payable	13,723	251,603
Advance from customers	0	392,148
Other payables and accrued liabilities	881	294,472
Due to related parties	7,681	405,772
Income tax payable	18,138	608,598
Bank borrowing	0	15,367
Deferred revenue - current portion	0	620,331
Operating lease liabilities - current	0	8,485
Total current liabilities	40,423	2,596,776
Total liabilities	40,423	2,596,776
Commitments and contingencies	0	0
Equity
Common stock ($0.001 par value; authorized 200,000,000 shares; 13,181,786 and 12,354,200 shares issued and outstanding as of September 30, 2020 and December 31, 2019 respectively)	13,182	12,354
Additional paid-in capital	434,155	271,915
Statutory and other reserves	191,219	191,219
Retained earnings	(123,585)	339,203
Accumulated other comprehensive loss	(65,952)	(81,350)
Total Nocera, Inc.'s stockholders' equity	449,019	733,341
Non-controlling interests	21,868	29,072
TOTAL STOCKHOLDER EQUITY	470,887	762,413
Total liabilities and equity	$ 511,310	$ 3,359,189

Interim Condensed Consolidate_2

Interim Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	13,181,786	12,354,200
Common stock, shares outstanding	13,181,786	12,354,200

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net sales	$ 2,842	$ 50,180	$ 1,162,573	$ 72,916
Cost of sales	(2,559)	(49,979)	(506,894)	(49,979)
Gross profit	283	201	655,679	22,937
Operating expenses
General and administrative expenses	(604,566)	(122,418)	(1,032,613)	(462,963)
Total operating expenses	(604,566)	(122,418)	(1,032,613)	(462,963)
Loss from operations	(604,283)	(122,217)	(376,934)	(440,026)
Other (expense) income	0	(27,570)	3	(34,826)
Loss before income taxes	(604,283)	(149,787)	(376,931)	(474,852)
Income tax benefit	(111,298)	67,954	(92,562)	92,902
Net loss	(715,581)	(81,833)	(469,493)	(381,950)
Less: Net loss attributable to non-controlling interests		(5,513)	(6,705)	(9,956)
Net loss attributable to the company	(715,581)	(76,320)	(462,788)	(371,994)
Comprehensive income (loss)
Net loss	(715,581)	(81,833)	(469,493)	(381,950)
Foreign currency translation gain (loss)	10,781	(52,201)	14,899	(58,964)
Total comprehensive loss	(704,800)	(134,034)	(454,594)	(440,914)
Less: comprehensive loss attributable to non-controlling interest	0	(8,142)	(7,204)	(12,915)
Comprehensive loss attributable to the Company	$ (704,800)	$ (125,892)	$ (447,390)	$ (427,999)
Loss per share
Basic	$ (0.0543)	$ (0.0062)	$ (0.0351)	$ (0.0301)
Diluted	$ (0.0543)	$ (0.0062)	$ (0.0351)	$ (0.0301)
Weighted average number of common shares outstanding
Basic	13,181,786	12,354,200	13,181,786	12,352,881
Diluted	17,822,728	17,496,357	17,703,568	15,323,673

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (469,493)	$ (381,950)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation expenses	24,391	20,691
Amortization	53,156	45,431
Impairment of GZWFH	421,419	0
Free rental expense offered by a stockholder	0	1,661
Deferred income tax	69,039	(92,903)
Share-based compensation	162,240	48,848
Changes in operating assets and liabilities:
Accounts receivable, net	(145,817)	947,815
Inventories	(115,659)	(97,876)
Advance to suppliers	(3,206)	70,528
Prepaid expenses and other assets, net	(138,976)	(7,688)
Operating lease right-of-use asset	22,788	(123,856)
Accounts payable	24,337	90,212
Advance from customers	239,470	0
Other payables and accrued liabilities	16,519	(141,783)
Income tax payable	33,905	(5,475)
Deferred revenue	(602,044)	927,084
Operating lease liability	(8,449)	8,490
Amount due from a related party	(19,453)	(1,000,000)
Net cash (used in) provided by operating activities	(435,833)	309,229
Cash flows from investing activities:
Cash paid for purchase of property	(4,408)	(172,078)
Cash paid for intangible assets	(12,856)	(545,173)
Net cash used in investing activities	(17,264)	(717,251)
Cash flows from financing activities:
Bank borrowing	(15,302)	15,614
Proceeds from related parties	696,721	451,853
Repayment to related parties	0	(44,939)
Proceeds from issuance of common stock	828	250
Repayment for convertible note	0	(3,465)
Net cash provided by financing activities	682,247	419,313
Effect of exchange rate changes on cash and cash equivalents	(5,823)	1,250
Net increase in cash and cash equivalents	223,327	12,541
Cash and cash equivalents at beginning of year	28,539	7,207
Cash and cash equivalents at end of year	251,866	19,748
Supplemental disclosures of cash flow information
Cash paid for interest expenses	0	7,930
Cash paid for income taxes	$ 0	$ 5,475

Interim Condensed Consolidate_5

Interim Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Statutory and Other Reserves	Retained Earnings	Accumulated Other Comprehensive Loss	Total Nocera, Incs Stockholders Equity (Deficit)	Noncontrolling Interest	Total
Beginning balance, shares at Dec. 31, 2018	12,349,200
Beginning balance, value at Dec. 31, 2018	$ 12,349	$ 115,311	$ 191,219	$ 1,595,955	$ (61,508)	$ 1,853,326	$ 98,677	$ 1,952,003
Net loss attribute to non-controlling interest							(688)	(688)
Foreign currency translation adjustments					33,522	33,522	1,755	35,277
Issuance of new shares, shares	5,000
Issuance of new shares, value	$ 5	3,595				3,600		3,600
Share based compensation		14,999				14,999		14,999
Net income (loss)				(158,379)		(158,379)		(158,379)
Ending balance, shares at Mar. 31, 2019	12,354,200
Ending balance, value at Mar. 31, 2019	$ 12,354	133,905	191,219	1,437,576	(27,986)	1,747,068	99,744	1,846,812
Beginning balance, shares at Dec. 31, 2018	12,349,200
Beginning balance, value at Dec. 31, 2018	$ 12,349	115,311	191,219	1,595,955	(61,508)	1,853,326	98,677	1,952,003
Net loss attribute to non-controlling interest								(9,956)
Free rent provided by shareholder								1,661
Ending balance, shares at Sep. 30, 2019	12,354,200
Ending balance, value at Sep. 30, 2019	$ 12,354	248,703	191,219	1,223,961	(117,513)	1,558,724	85,762	1,644,486
Beginning balance, shares at Mar. 31, 2019	12,354,200
Beginning balance, value at Mar. 31, 2019	$ 12,354	133,905	191,219	1,437,576	(27,986)	1,747,068	99,744	1,846,812
Net loss attribute to non-controlling interest						(3,755)	(3,755)
Foreign currency translation adjustments					(39,955)	(39,955)	(2,085)	(42,040)
Share based compensation		14,999				14,999		14,999
Net income (loss)				(137,295)		(137,295)		(137,295)
Ending balance, shares at Jun. 30, 2019	12,354,200
Ending balance, value at Jun. 30, 2019	$ 12,354	148,904	191,219	1,300,281	(67,941)	1,584,817	93,904	1,678,721
Net loss attribute to non-controlling interest							(5,513)	(5,513)
Foreign currency translation adjustments					(49,572)	(49,572)	(2,629)	(52,201)
Share based compensation		15,500				15,500		15,500
Shareholder contribution by assuming liabilities		82,638				82,638		82,638
Free rent provided by shareholder		1,661				1,661		1,661
Net income (loss)				(76,320)		(76,320)		(76,320)
Ending balance, shares at Sep. 30, 2019	12,354,200
Ending balance, value at Sep. 30, 2019	$ 12,354	248,703	191,219	1,223,961	(117,513)	1,558,724	85,762	1,644,486
Beginning balance, shares at Dec. 31, 2019	12,354,200
Beginning balance, value at Dec. 31, 2019	$ 12,354	271,915	191,219	339,203	(81,350)	733,341	29,072	762,413
Foreign currency translation adjustments					(869)	(869)	(523)	(1,392)
Share based compensation		14,999				14,999		14,999
Net income (loss)				219,318		219,318	(3,232)	216,086
Ending balance, shares at Mar. 31, 2020	12,354,200
Ending balance, value at Mar. 31, 2020	$ 12,354	286,914	191,219	558,521	(82,219)	966,789	25,317	992,106
Beginning balance, shares at Dec. 31, 2019	12,354,200
Beginning balance, value at Dec. 31, 2019	$ 12,354	271,915	191,219	339,203	(81,350)	733,341	29,072	762,413
Net loss attribute to non-controlling interest								(6,705)
Free rent provided by shareholder								0
Ending balance, shares at Sep. 30, 2020	13,181,786
Ending balance, value at Sep. 30, 2020	$ 13,182	434,155	191,219	(123,585)	10,781	449,019	21,868	470,887
Beginning balance, shares at Mar. 31, 2020	12,354,200
Beginning balance, value at Mar. 31, 2020	$ 12,354	286,914	191,219	558,521	(82,219)	966,789	25,317	992,106
Foreign currency translation adjustments					5,486	5,486	24	5,510
Issuance of new shares, shares	827,586
Issuance of new shares, value	$ 828	(828)				3,600		3,600
Share based compensation		44,551				44,551		44,551
Net income (loss)				33,475		33,475	(3,473)	30,002
Ending balance, shares at Jun. 30, 2020	13,181,786
Ending balance, value at Jun. 30, 2020	$ 13,182	330,637	191,219	591,996	(76,733)	1,050,301	21,868	1,072,169
Foreign currency translation adjustments					10,781	10,781		10,781
Share based compensation		103,518				103,518		103,518
Net income (loss)				(715,581)		(715,581)		(715,581)
Ending balance, shares at Sep. 30, 2020	13,181,786
Ending balance, value at Sep. 30, 2020	$ 13,182	$ 434,155	$ 191,219	$ (123,585)	$ 10,781	$ 449,019	$ 21,868	$ 470,887

1. Principal Activities and Org

1. Principal Activities and Organization	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Activities and Organization	Note 1 PRINCIPAL ACTIVITIES AND ORGANIZATION The consolidated financial statements include the financial statements of Nocera, Inc. ( “Nocera”) and its subsidiaries, Grand Smooth Inc Limited (“GSI”) and Guizhou Grand Smooth Technology Ltd. (“GZ GST” or “WFOE”), and Guizhou Wan Feng Hu Intelligent Aquatic Technology Co. Limited (“GZ WFH”) that is controlled through contractual arrangements. Nocera, GSI, GZ GST and GZ WFH are collectively referred to as the “Company”. Nocera was incorporated in the State of Nevada on February 1, 2002 and is based in Atlanta, Georgia. It did not engage in any operations and was dormant from its inception until its reverse merger of GSI on December 31, 2018. Reverse merger Effective December 31, 2018, Nocera completed a reverse merger transaction (the “Transaction”) pursuant to an Agreement and Plan of Merger (the “Agreement”), with (i) GSI, (ii) GSI’s shareholders, Yin-Chieh Cheng and Bi Zhang, who together owned shares constituting 100% of the issued and outstanding ordinary shares of GSI (the “GSI Shares”) and (iii) GSI Acquisition Corp. Under the terms of the Agreement, the GSI Shareholders transferred to Nocera all of the GSI Shares in exchange for the issuance of 10,000,000 shares (the “Shares”) of Nocera’s common stock (the “Share Exchange”). As a result of the reverse merger, GSI became Nocera’s wholly-owned subsidiary and Yin-Chieh Cheng and Bi Zhang, the former shareholders of GSI, became Nocera’s controlling shareholders. The share exchange transaction with GSI was treated as a reverse merger, with GSI as the accounting acquirer and Nocera as the acquired party. GSI is a limited company established under the laws and regulations of Hong Kong on August 1, 2014, and is a holding company without any operation. GZ WFH was incorporated in Xingyi City, Guizhou Province, People’s Republic of China (“PRC”) on October 25, 2017, and is engaged in providing fish farming containers service, which integrates sales, installments, and maintenance of aquaculture equipment. The registered capital of GZ WFH is RMB$5,000,000 (equal to US$733,138). On November 13, 2018, GSI incorporated GZ GST in PRC with registered capital of US$15,000. Reorganization In anticipation of the reverse merger, GSI undertook a reorganization and became the ultimate holding company of WFOE and GZ WFH, which were all controlled by the same shareholders before and after the Reorganization. Effective on December 31, 2018, shareholders of GZ WFH and WFOE entered into a series of contractual agreements (“VIE Agreements” which are described below). As a result, GSI, through WFOE, has been determined to be the primary beneficiary of GZ WFH and GZ WFH became VIE of GSI. Accordingly, GSI consolidates GZ WFH’s operations, assets, and liabilities. Immediately before and after reorganization completed on December 31, 2018 as described above, GSI together with WFOE and its VIE were effectively controlled by the same shareholders, therefore, the reorganization was accounted for as a recapitalization. The accompanying consolidated financial statements have been prepared as if the current corporate structure has been in existence throughout the periods presented. The consolidation of the GSI and its subsidiary and VIE has been accounted for at historical cost as of the beginning of the first period presented in the accompanying financial statements. Termination On September 21, 2020, the Company filed a current report on Form 8-K outlining the lack of communication that lead to the termination by Nocera, Inc. of its relationship with Guizhou Wan Feng Hu Intelligent Aquatic Technology Co. Limited (“GZ WFH”) and its management, and termination of the Variable Interest Entity agreements between the parties. Subsequently on October 8, 2020, Zhang Bi and GZ WFH (together, “Domestic Company”) entered into a Settlement Agreement and Release with Nocera, Inc. wherein all claims as to the Domestic Company’s debt (claim to shares in Nocera, Inc. or Guizhou Grand Smooth Technology, Ltd. (“WOFE”)) were compromised, settled, and otherwise resolved as to any and all claims or causes of action whatsoever against Nocera for any matter, action, or representation as to Nocera, and any debt to ownership of Nocera or WOFE up to the date of the agreement. The consideration for the agreement was mutual waiver of any and all claims against each other and WOFE, and Domestic Company (including Zhang Bi) waives any claims to Nocera stock, meaning the 4,750,000 shares of common stock of Nocera owned by Zhang Bi were cancelled as part of the agreement. The Settlement Agreement and Release is attached hereto as Exhibit 10.4.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policy	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policy	Note 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICY 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, 2019 filed with the SEC on May 14, 2020. 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, 2020, its consolidated results of operations for the nine months ended September 30, 2020, cash flows for the nine months ended September 30, 2020 and change in equity for the nine months ended September 30, 2020, as applicable, have been made. Operating results for the nine months ended September 30, 2020 are not necessarily indicative of the operating results that may be expected for the year ending December 31, 2020 or any future periods. 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 were two parties who represent 100% of the Company’s total revenue for the three and nine months ended September 30, 2019 and for the nine months ended September 30, 2020. There was one party who represents 100% of the Company's total revenue for the three months ended September 30, 2020. The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net: September 30, December 31, Percentage of the Company’s accounts receivable Customer A –% 38.97% Customer B –% 32.24% Customer C –% 28.79% Customer D 100% –% 100% 100.00% Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. 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, the Company applies the following steps: Ÿ Step 1: Identify the contract (s) with a customer Ÿ Step 2: Identify the performance obligations in the contract Ÿ Step 3: Determine the transaction price Ÿ Step 4: Allocate the transaction price to the performance obligation in the contract Ÿ 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 promised goods or services to its customers. 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 or services to its customers. 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 vary 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. Recent Accounting Pronouncements Recently Adopted Accounting Standards Management has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company. ASU No. 2016-02. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, “Lease (Topic 842)”

3. Accounts Receivable, Net

3. Accounts Receivable, Net	9 Months Ended
	Sep. 30, 2020
Credit Loss [Abstract]
Accounts Receivable, Net	Note 3 ACCOUNTS RECEIVABLE, NET As of September 30, 2020 and December 31, 2019, accounts receivable consisted of the following: September 30, December 31, (Unaudited) $ $ Accounts receivable 109,055 2,557,326 Less: Allowance for doubtful accounts – (1,073,743 ) Total 109,055 1,483,583 For the nine months ended September 30, 2020 and for the years ended December 31, 2019, the Company has recorded provision for doubtful accounts of nil and $1,084,534, respectively.

4. Inventories, Net

4. Inventories, Net	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories, Net	Note 4 INVENTORIES As of September 30, 2020 and December 31, 2019, inventory consisted of the following: September 30, December 31, (Unaudited) $ $ Raw materials – 248,743 Work in process – 38,666 Finished Goods 112,304 – Total 112,304 287,409

5. Prepaid Expenses and Other A

5. Prepaid Expenses and Other Assets, Net	9 Months Ended
	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets, Net	Note 5 PREPAID EXPENSES AND OTHER ASSETS, NET September 30, December 31, (Unaudited) $ $ Other receivables from third party – 15,559 Others 14,298 1,589 Prepaid expenses and other assets, net 14,298 17,148

6. Property and Equipment, Net

6. Property and Equipment, Net	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 6 PROPERTY AND EQUIPMENT, NET As of September 30, 2020 and December 31, 2019, property and equipment consisted of the following: September 30, December 31, (Unaudited) $ $ Furniture and fixtures – 3,730 Equipment 690 181,754 Leasehold improvement – 9,900 Vehicle – 40,979 690 236,363 Less: Accumulated depreciation (291 ) (41,554 ) Property and equipment, net 399 194,809 The Company recorded depreciation expenses of $24,391 and $20,691 for the nine months ended September 30, 2020 and 2019, respectively, and $53 and $12,764 for the three months ended September 30, 2020 and 2019, respectively.

7. Intangible Assets, Net

7. Intangible Assets, Net	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	Note 7 INTANGIBLE ASSETS, NET As of September 30, 2020 and December 31, 2019, intangible assets consisted of the following: September 30, December 31, (Unaudited) $ $ Intangible assets – 536,530 – 536,530 Less: Accumulated amortization – (62,595 ) Intangible assets, net – 473,935 The intangible assets are a series of software that are surveillance app connecting smart phones, achieving smart fish farming. It reports a real time data of water in our fish farming tanks, such as temperature, PH value, and dissolved oxygen, to the smart phones of fish farmers, helping fish farmers to understand the water condition in a timely manner. The Company recorded amortization expenses of $53,156 and $45,431 for the nine months ended September 30, 2020 and 2019, respectively, and $nil and $27,041 for the three months ended September 30, 2020 and 2019.

8. Leases

8. Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Note 8 LEASES The Company has two non-cancelable lease agreements for certain of the 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 following table provides a summary of leases by balance sheet location as of September 30, 2020 and December 31, 2019: Balance Sheet Location September 30, 2020 December 31, 2019 (Unaudited) $ $ Assets Operating- noncurrent Operating lease right-of-use assets – 113,166 Total leased assets – 113,166 Liabilities Operating – current Operating lease liabilities-current – 8,485 Total lease liabilities – 8,485 The components of lease expense for the nine months ended September 30, 2020 and September 30, 2019 were as follows: Statement of Income Location Nine months ended September 30, 2020 Nine months ended September 30, 2019 (Unaudited) (Unaudited) $ $ Lease Costs Operating lease expense General and administrative expenses 26,224 30,564 Total net lease costs 26,224 30,564 Maturity of lease liabilities under our non-cancelable operating leases as of September 30, 2020 are US$ nil. Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2019 are as follows: Operating (Unaudited) $ 2020 8,617 2021 – 2022 – 2023 – Total lease payments 8,617 Less: interest (132 ) Present value of lease liabilities 8,485 Following table provides a summary of the lease terms and discount rates of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Weighted Average Remaining Lease Term Operating leases – 2.75 years Weighted Average Discount Rate Operating leases – 6.18% As most of the leases do not provide an implicit rate, the Company use the incremental borrowing rate based on the information available at the lease commencement date to determine the present value of lease payments. Supplemental information related to the leases for the nine months ended September 30, 2019 and 2020 are as follows: Nine months ended September 30, 2020 Nine months ended September 30, 2019 (Unaudited) (Unaudited) $ $ Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 8,537 145,930 Right-of-use assets obtained in exchange for new lease obligations: Operating leases – 141,385

9. Other Payables and Accrued L

9. Other Payables and Accrued Liabilities	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Other Payables and Accrued Liabilities	Note 9 OTHER PAYABLES AND ACCRUED LIABILITIES September 30, December 31, $ $ VAT payable – 208,219 Accrued expenses – 5,000 Salary payable 881 35,840 Short-term advance from staff – 2,086 Others – 43,327 Total 881 294,472

10. Income Taxes

10. Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 INCOME TAXES The Company and its subsidiary, and the consolidated VIE file tax returns separately. 1) Value-added tax (“VAT”) 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. 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 losses carry forward as management determined it was not more likely than not that these net operating losses would be utilized in the foreseeable future. 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 $258,048) 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 $258,048) 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 $258,048), it is subject to a corporate income tax rate of 8.25%. As of December 31, 2019, 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. The components of the income tax provision are: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Current (7,728 ) (32,569 ) 18,238 (32,569 ) Deferred 119,025 (35,385 ) 74,323 (60,333 ) Total income tax expenses(benefit) 111,297 (67,954 ) 92,561 (92,902 ) The reconciliation of income taxes expenses computed at the PRC statutory tax rate applicable to income tax expense is as follows: Nine months ended September 30, 2020 2019 PRC income tax statutory rate 25.00% 25.00% Impact of different tax rates in other jurisdictions 21.71% (30.64% ) Tax effect of non-deductible items – 1.16% Tax effect of non-deductible impairment loss (28.21% ) – Tax effect of non-taxable income 13.13% (16.98% ) Tax effect of utilization of tax losses previously recognized 0.57% GILTI Tax impact (16.60% ) 20.15% Changes in valuation allowance (20.44% ) 1.14% Effective tax rate (4.84% ) (0.17% ) 3) Deferred tax assets, net The tax effects of temporary differences representing deferred income tax assets and liabilities result principally from the following: September 30, 2020 December 31, 2019 $ $ Deferred tax assets Tax loss carried forward 74,639 103,797 Allowance for doubtful receivables – 275,260 74,639 379,057 Valuation allowance 47,808 (304,418 ) Utilisation of tax losses previously recognised (2,203 ) Adjustments (120,244 ) – Total deferred tax assets, net – 74,639 The valuation allowance as of September 30, 2020 and December 31, 2019 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. September 30, 2020 December 31, 2019 $ $ Balance at beginning of the year (304,418 ) (7,567 ) Additions of valuation allowance – (296,851 ) Reductions of valuation allowance 304,418 – Balance at the end of the year – (304,418 ) 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 September 30, 2020 and December 31, 2019, 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 further expand its business in mainland China, and its foreign-invested enterprises do not intend to declare dividends to their immediate foreign holding companies.

11. Related Party Balances and

11. Related Party Balances and Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Balances and Transactions	Note 11 RELATED PARTY BALANCES AND TRANSACTIONS Due to related parties The balance due to related parties was as following: September 30, December 31, $ $ Mr. Zhang Bi (1) – 399,091 Mountain Share Transfer, LLC (3) 7,681 6,681 Total 7,681 405,772 Due from a related party The balance due from a related party was as following: September 30, December 31, $ $ Mr. Yin-Chieh Cheng (2) 19,453 683,521 Total 19,453 683,521 Note: (1) Mr. Zhang Bi is the chief executive officer of GZ WFH, and he holds 38.5% shares of the Company. The balance represented the amount paid by Mr. Zhang on behalf of the Company for purchase of the raw materials and for other daily operation. (2) Mr. Yin-Chieh Cheng (“Mr. Cheng”) is the chairman the Company, and he holds 42.5% shares of the Company. The balance due to Mr. Cheng as of March 31, 2020 mainly represented the amount paid by Mr. Cheng on behalf of the Company. In September 2019, Mr. Cheng took over the receivable amount of the concert the Company invested in November 2018, and assumed the liability of $551,457 related to such receivable to the Company. In September 2019, Mr. Cheng collected the payment of $1,000,000 from JCD, our exclusive sales agent in Asia Pacific, on behalf of the Company. As agreed between Mr. Cheng and the Company, the due from balance was netted off by due to balances. (3) 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. Related party transactions The details of the related party transactions were as follows: For three months ended September 30, For nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Paid on behalf of the Company Mr. Zhang Bi (1) – 1,854 3,455 205,021 Mr. Yin-Chieh Cheng (1) – 26,533 86,320 246,832 Mountain Share Transfer, LLC (1) – – 7,000 – Received on behalf of the Company Mr. Yin-Chieh Cheng (2) – 1,000,000 – 1,000,000 Related party assumed payable due to the Company Mr. Yin-Chieh Cheng (3) – 551,006 – 551,006 Repayment to related party Mr. Yin-Chieh Cheng – – 665,000 – Note: (1) The transactions represent the amount paid by Mr. Zhang Bi, Mr. Yin-Chieh Cheng and Mountain Share Transfer, LLC on behalf of the Company for its daily operation. (2) The number reflects our Chairman Mr. Cheng Yin-Chieh collected the payment from JCD, our exclusive sales agent in Asia Pacific, on behalf of the Company. (3) The transaction represents Mr. Cheng Yin-Chieh took over the receivable amount of the concert the Company invested in November 2018, and assumed the liabilities related to such receivable to the Company.

12. Income (Loss) Per Share

12. Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2020
Loss per share
Income (Loss) Per Share	Note 12 INCOME (LOSS) PER SHARE The following table sets forth the computation of basic and diluted income (loss) per common share for the three and nine months ended September 30, 2020 and 2019. For three months ended September 30, For nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Numerator: Net loss attributable to the Company (715,581 ) (76,320 ) (462,788 ) (371,994 ) Denominator: Weighted-average shares outstanding - Basic 13,181,786 12,354,200 13,181,786 12,352,881 - Diluted 17,822,728 17,496,357 17,703,568 15,323,673 Loss per share: - Basic (0.0543 ) (0.0062 ) (0.0351 ) (0.0301 ) - Diluted (0.0543 ) (0.0062 ) (0.0351 ) (0.0301 ) Basic net income (loss) per common share is computed using the weighted average number of the common shares outstanding during the period. Diluted income (loss) per share is computed using the weighted average number of ordinary shares and ordinary equivalent shares outstanding during the period. Due to the loss during the period ended September 30, 2020, approximately 5,560,000 warrants were excluded from the calculation of diluted net loss per share for both three months and nine months ended September 30, 2020, respectively. There were 6,000,000 warrants outstanding during the period ended September 30, 2019.

13. Subsequent Event

13. Subsequent Event	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Event	Note 13 SUBSEQUENT EVENT The Company has evaluated subsequent events through the issuance of the unaudited condensed consolidated financial statements and except for the event disclosed below, no other subsequent event is identified that would have required adjustment or disclosure in the consolidated financial statements. Subsequently on October 8, 2020, Zhang Bi and GZ WFH (together, “Domestic Company”) entered into a Settlement Agreement and Release with Nocera, Inc. wherein all claims as to the Domestic Company’s debt (claim to shares in Nocera, Inc. or Guizhou Grand Smooth Technology, Ltd. (“WOFE”)) were compromised, settled, and otherwise resolved as to any and all claims or causes of action whatsoever against Nocera for any matter, action, or representation as to Nocera, and any debt to ownership of Nocera or WOFE up to the date of the agreement. The consideration for the agreement was mutual waiver of any and all claims against each other and WOFE, and Domestic Company (including Zhang Bi) waives any claims to Nocera stock, meaning the 4,750,000 shares of common stock of Nocera owned by Zhang Bi were cancelled as part of the agreement. The Settlement Agreement and Release is attached hereto as Exhibit 10.4.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policy (Policies)	9 Months Ended
	Sep. 30, 2020
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, 2019 filed with the SEC on May 14, 2020. 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, 2020, its consolidated results of operations for the nine months ended September 30, 2020, cash flows for the nine months ended September 30, 2020 and change in equity for the nine months ended September 30, 2020, as applicable, have been made. Operating results for the nine months ended September 30, 2020 are not necessarily indicative of the operating results that may be expected for the year ending December 31, 2020 or any future periods.
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 were two parties who represent 100% of the Company’s total revenue for the three and nine months ended September 30, 2019 and for the nine months ended September 30, 2020. There was one party who represents 100% of the Company's total revenue for the three months ended September 30, 2020. The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net: September 30, December 31, Percentage of the Company’s accounts receivable Customer A –% 38.97% Customer B –% 32.24% Customer C –% 28.79% Customer D 100% –% 100% 100.00%
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers”. 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, the Company applies the following steps: Ÿ Step 1: Identify the contract (s) with a customer Ÿ Step 2: Identify the performance obligations in the contract Ÿ Step 3: Determine the transaction price Ÿ Step 4: Allocate the transaction price to the performance obligation in the contract Ÿ 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 promised goods or services to its customers. 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 or services to its customers. 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 vary 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.
Recently Issued Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Standards Management has reviewed all the recently issued, but not yet effective, accounting pronouncements and does not believe any of these pronouncements will have a material impact on the Company. ASU No. 2016-02. In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, “Lease (Topic 842)”

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policy (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
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: September 30, December 31, Percentage of the Company’s accounts receivable Customer A –% 38.97% Customer B –% 32.24% Customer C –% 28.79% Customer D 100% –%

3. Accounts Receivable, Net (Ta

3. Accounts Receivable, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Credit Loss [Abstract]
Schedule of accounts receivable	As of September 30, 2020 and December 31, 2019, accounts receivable consisted of the following: September 30, December 31, (Unaudited) $ $ Accounts receivable 109,055 2,557,326 Less: Allowance for doubtful accounts – (1,073,743 ) Total 109,055 1,483,583

4. Inventories (Tables)

4. Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Schedule of inventory	As of September 30, 2020 and December 31, 2019, inventory consisted of the following: September 30, December 31, (Unaudited) $ $ Raw materials – 248,743 Work in process – 38,666 Finished Goods 112,304 – Total 112,304 287,409

5. Prepaid Expenses and Other_2

5. Prepaid Expenses and Other Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses	September 30, December 31, (Unaudited) $ $ Other receivables from third party – 15,559 Others 14,298 1,589 Prepaid expenses and other assets, net 14,298 17,148

6. Property and Equipment, Net

6. Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	As of September 30, 2020 and December 31, 2019, property and equipment consisted of the following: September 30, December 31, (Unaudited) $ $ Furniture and fixtures – 3,730 Equipment 690 181,754 Leasehold improvement – 9,900 Vehicle – 40,979 690 236,363 Less: Accumulated depreciation (291 ) (41,554 ) Property and equipment, net 399 194,809

7. Intangible Assets, Net (Tabl

7. Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	As of September 30, 2020 and December 31, 2019, intangible assets consisted of the following: September 30, December 31, (Unaudited) $ $ Intangible assets – 536,530 – 536,530 Less: Accumulated amortization – (62,595 ) Intangible assets, net – 473,935

8. Leases (Tables)

8. Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Summary of leases	The following table provides a summary of leases by balance sheet location as of September 30, 2020 and December 31, 2019: Balance Sheet Location September 30, 2020 December 31, 2019 (Unaudited) $ $ Assets Operating- noncurrent Operating lease right-of-use assets – 113,166 Total leased assets – 113,166 Liabilities Operating – current Operating lease liabilities-current – 8,485 Total lease liabilities – 8,485
Lease costs	The components of lease expense for the nine months ended September 30, 2020 and September 30, 2019 were as follows: Statement of Income Location Nine months ended September 30, 2020 Nine months ended September 30, 2019 (Unaudited) (Unaudited) $ $ Lease Costs Operating lease expense General and administrative expenses 26,224 30,564 Total net lease costs 26,224 30,564
Maturity schedule lease liability	Maturity of lease liabilities under our non-cancelable operating leases as of September 30, 2020 are US$ nil. Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2019 are as follows: Operating (Unaudited) $ 2020 8,617 2021 – 2022 – 2023 – Total lease payments 8,617 Less: interest (132 ) Present value of lease liabilities 8,485
Terms of leases	Following table provides a summary of the lease terms and discount rates of September 30, 2020 and December 31, 2019: September 30, 2020 December 31, 2019 Weighted Average Remaining Lease Term Operating leases – 2.75 years Weighted Average Discount Rate Operating leases – 6.18%
Supplemental information for leases	Supplemental information related to the leases for the nine months ended September 30, 2019 and 2020 are as follows: Nine months ended September 30, 2020 Nine months ended September 30, 2019 (Unaudited) (Unaudited) $ $ Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 8,537 145,930 Right-of-use assets obtained in exchange for new lease obligations: Operating leases – 141,385

9. Other Payables and Accrued_2

9. Other Payables and Accrued Liability (Tables)	9 Months Ended
	Sep. 30, 2020
Payables and Accruals [Abstract]
Schedule of payables	September 30, December 31, $ $ VAT payable – 208,219 Accrued expenses – 5,000 Salary payable 881 35,840 Short-term advance from staff – 2,086 Others – 43,327 Total 881 294,472

10. Income Taxes (Tables)

10. Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income tax components	The components of the income tax provision are: Three months ended September 30, Nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Current (7,728 ) (32,569 ) 18,238 (32,569 ) Deferred 119,025 (35,385 ) 74,323 (60,333 ) Total income tax expenses(benefit) 111,297 (67,954 ) 92,561 (92,902 )
Reconciliation of income tax expense	The reconciliation of income taxes expenses computed at the PRC statutory tax rate applicable to income tax expense is as follows: Nine months ended September 30, 2020 2019 PRC income tax statutory rate 25.00% 25.00% Impact of different tax rates in other jurisdictions 21.71% (30.64% ) Tax effect of non-deductible items – 1.16% Tax effect of non-deductible impairment loss (28.21% ) – Tax effect of non-taxable income 13.13% (16.98% ) Tax effect of utilization of tax losses previously recognized 0.57% GILTI Tax impact (16.60% ) 20.15% Changes in valuation allowance (20.44% ) 1.14% Effective tax rate (4.84% ) (0.17% )
Schedule of deferred income taxes	The tax effects of temporary differences representing deferred income tax assets and liabilities result principally from the following: September 30, 2020 December 31, 2019 $ $ Deferred tax assets Tax loss carried forward 74,639 103,797 Allowance for doubtful receivables – 275,260 74,639 379,057 Valuation allowance 47,808 (304,418 ) Utilisation of tax losses previously recognised (2,203 ) Adjustments (120,244 ) – Total deferred tax assets, net – 74,639
Movement in valuation allowance	The movement for the valuation allowance is as following. September 30, 2020 December 31, 2019 $ $ Balance at beginning of the year (304,418 ) (7,567 ) Additions of valuation allowance – (296,851 ) Reductions of valuation allowance 304,418 – Balance at the end of the year – (304,418 )

11. Related Party Balances an_2

11. Related Party Balances and Transactions (Tables)	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Schedule of related party transactions	The balance due to related parties was as following: September 30, December 31, $ $ Mr. Zhang Bi (1) – 399,091 Mountain Share Transfer, LLC (3) 7,681 6,681 Total 7,681 405,772 Due from a related party The balance due from a related party was as following: September 30, December 31, $ $ Mr. Yin-Chieh Cheng (2) 19,453 683,521 Total 19,453 683,521 Note: (1) Mr. Zhang Bi is the chief executive officer of GZ WFH, and he holds 38.5% shares of the Company. The balance represented the amount paid by Mr. Zhang on behalf of the Company for purchase of the raw materials and for other daily operation. (2) Mr. Yin-Chieh Cheng (“Mr. Cheng”) is the chairman the Company, and he holds 42.5% shares of the Company. The balance due to Mr. Cheng as of March 31, 2020 mainly represented the amount paid by Mr. Cheng on behalf of the Company. In September 2019, Mr. Cheng took over the receivable amount of the concert the Company invested in November 2018, and assumed the liability of $551,457 related to such receivable to the Company. In September 2019, Mr. Cheng collected the payment of $1,000,000 from JCD, our exclusive sales agent in Asia Pacific, on behalf of the Company. As agreed between Mr. Cheng and the Company, the due from balance was netted off by due to balances. (3) 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.
Details of related party transactions	The details of the related party transactions were as follows: For three months ended September 30, For nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Paid on behalf of the Company Mr. Zhang Bi (1) – 1,854 3,455 205,021 Mr. Yin-Chieh Cheng (1) – 26,533 86,320 246,832 Mountain Share Transfer, LLC (1) – – 7,000 – Received on behalf of the Company Mr. Yin-Chieh Cheng (2) – 1,000,000 – 1,000,000 Related party assumed payable due to the Company Mr. Yin-Chieh Cheng (3) – 551,006 – 551,006 Repayment to related party Mr. Yin-Chieh Cheng – – 665,000 – Note: (1) The transactions represent the amount paid by Mr. Zhang Bi, Mr. Yin-Chieh Cheng and Mountain Share Transfer, LLC on behalf of the Company for its daily operation. (2) The number reflects our Chairman Mr. Cheng Yin-Chieh collected the payment from JCD, our exclusive sales agent in Asia Pacific, on behalf of the Company. (3) The transaction represents Mr. Cheng Yin-Chieh took over the receivable amount of the concert the Company invested in November 2018, and assumed the liabilities related to such receivable to the Company.

12. Income (Loss) Per Share (Ta

12. Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Loss per share
Schedule of earnings (loss) per share	The following table sets forth the computation of basic and diluted income (loss) per common share for the three and nine months ended September 30, 2020 and 2019. For three months ended September 30, For nine months ended September 30, 2020 2019 2020 2019 $ $ $ $ Numerator: Net loss attributable to the Company (715,581 ) (76,320 ) (462,788 ) (371,994 ) Denominator: Weighted-average shares outstanding - Basic 13,181,786 12,354,200 13,181,786 12,352,881 - Diluted 17,822,728 17,496,357 17,703,568 15,323,673 Loss per share: - Basic (0.0543 ) (0.0062 ) (0.0351 ) (0.0301 ) - Diluted (0.0543 ) (0.0062 ) (0.0351 ) (0.0301 )

2. Summary of Significant Acc_4

2. Summary of Significant Accounting Policy (Details - Concentrations) - Accounts Receivable [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Concentration percentage	100.00%	100.00%
Customer A [Member]
Concentration percentage	0.00%	38.97%
Customer B [Member]
Concentration percentage	0.00%	32.24%
Customer C [Member]
Concentration percentage	0.00%	28.79%
Customer D [Member]
Concentration percentage	100.00%	0.00%

2. Summary of Significant Acc_5

2. Summary of Significant Accounting Policy (Details Narrative)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Sales Revenue Net [Member] | Two Parties [Member]
Concentration risk	100.00%	100.00%

3. Accounts Receivable, Net (De

3. Accounts Receivable, Net (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Credit Loss [Abstract]
Accounts receivable, gross	$ 109,055	$ 2,557,326
Less: Allowance for doubtful accounts	0	(1,073,743)
Accounts receivable, net	$ 109,055	$ 1,483,583

3. Accounts Receivable, Net (_2

3. Accounts Receivable, Net (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Credit Loss [Abstract]
Provision for doubtful accounts	$ 0	$ 1,084,534

4. Inventory (Details)

4. Inventory (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 0	$ 248,743
Work in process	0	38,666
Finished Goods	112,304	0
Inventory, net	$ 112,304	$ 287,409

5. Prepaid Expenses and Other_3

5. Prepaid Expenses and Other Assets, Net (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Prepaid expenses	$ 14,298	$ 17,148
Other Receivables [Member]
Prepaid expenses	0	15,559
Other Prepaids [Member]
Prepaid expenses	$ 14,298	$ 1,589

6. Property and Equipment, Ne_2

6. Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Property and equipment, gross	$ 690	$ 236,363
Accumulated depreciation	(291)	(41,554)
Property and equipment, net	399	194,809
Furniture and Fixtures [Member]
Property and equipment, gross	0	3,730
Equipment [Member]
Property and equipment, gross	690	181,754
Leasehold Improvements [Member]
Property and equipment, gross	0	9,900
Vehicles [Member]
Property and equipment, gross	$ 0	$ 40,979

6. Property and Equipment, Ne_3

6. Property and Equipment, Net (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 53	$ 12,764	$ 24,391	$ 20,691

7. Intangible Assets, Net (Deta

7. Intangible Assets, Net (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, gross	$ 0	$ 536,530
Accumulated amortization	0	(62,595)
Intangible assets, net	$ 0	$ 473,935

7. Intangible Assets, Net (De_2

7. Intangible Assets, Net (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0	$ 27,041	$ 53,156	$ 45,431

8. Leases (Details - Summary of

8. Leases (Details - Summary of leases) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use asset	$ 0	$ 113,166
Operating - current	$ 0	$ 8,485

8. Leases (Details - Lease cost

8. Leases (Details - Lease costs) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease expense	$ 26,224	$ 30,564
Total net lease costs	$ 26,224	$ 30,564

8. Leases (Details - Maturity s

8. Leases (Details - Maturity schedule lease liability)	Dec. 31, 2019USD ($)
Operating Lease Liablities
2020	$ 8,617
2021	0
2022	0
2023	0
Total lease payments	8,617
Less: interest	(132)
Present value of lease liabilities	$ 8,485

8. Leases (Details - Terms of l

8. Leases (Details - Terms of leases)	Dec. 31, 2019
Leases [Abstract]
Weighted Average Remaining Lease Term	2 years 9 months
Weighted Average Discount Rate	6.18%

8. Leases (Details - Supplement

8. Leases (Details - Supplemental information) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 8,537	$ 145,930
Right-of-use assets obtained in exchange for new lease obligations	$ 0	$ 141,385

9. Other Payables and Accrued_3

9. Other Payables and Accrued Liability (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
VAT payable	$ 0	$ 208,219
Accrued expenses	0	5,000
Salary payable	881	35,840
Short-term advance from staff	0	2,086
Others	0	43,327
Total	$ 881	$ 294,472

10. Income Taxes (Details - Inc

10. Income Taxes (Details - Income tax expense) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Current income tax expense	$ (7,728)	$ (32,569)	$ 18,238	$ (32,569)
Deferred income tax expense	119,025	(35,385)	74,323	(60,333)
Total income tax expenses(benefit)	$ 111,298	$ (67,954)	$ 92,562	$ (92,902)

10. Income Taxes (Details - Rec

10. Income Taxes (Details - Reconcilation of income tax)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
PRC income tax statutory rate	25.00%	25.00%
Impact of different tax rates in other jurisdictions	21.71%	(30.64%)
Tax effect of non-deductible items	0.00%	1.16%
Tax effect of non-deductible impairment loss	(28.21%)	0.00%
Tax effect of non-taxable income	13.13%	(16.98%)
Tax effect of utilization of tax losses previously recognized	0.57%	0.00%
GILTI Tax Impact	(16.60%)	20.15%
Changes in valuation allowance	(20.44%)	1.14%
Effective tax rate	(4.84%)	(0.17%)

10. Income Taxes (Details - Def

10. Income Taxes (Details - Deferred taxes) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Deferred tax assets
Tax loss carried forward	$ 74,639	$ 103,797
Allowance for doubtful receivables	0	275,260
Total deferred tax assets	74,639	379,057
Valuation allowance	47,808	(304,418)
Utilisation of tax losses previously recognised	(2,203)	0
Adjustments	(120,244)	0
Total deferred tax assets, net	$ 0	$ 74,639

10. Income Taxes (Details - Val

10. Income Taxes (Details - Valuation Allowance) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Valuation allowance, beginning	$ (304,418)	$ (7,567)
Additions to valuation allowance	0	(296,851)
Reductions in valuation allowance	304,418	0
Valuation allowance, ending balance	$ 0	$ (304,418)

10. Income Taxes (Details Narra

10. Income Taxes (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Value added tax rate	13.00%	16.00%
Net operating loss carryforwards	$ 99,817
Global Intangible Low Taxed Income	$ 152,829
United States [Member]
Effective income tax rate	21.00%
Hong Kong [Member]
Effective income tax rate	8.25%
Net operating loss carryforwards		$ 56,000

11. Related Party Balances an_3

11. Related Party Balances and Transactions (Details - Due to related parties) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Due to related parties	$ 7,681	$ 405,772
Due from related parties	19,453	683,521
Mr. Zhang Bi [Member]
Due to related parties	0	399,091
Mr. Yin-Chieh Cheng [Member]
Due from related parties	19,453	683,521
Mountain Share Transfer [Member]
Due to related parties	$ 7,681	$ 6,681

11. Related Party Balances an_4

11. Related Party Balances and Transactions (Details - Related party transactions) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Proceeds from related party			$ 696,721	$ 451,853
Repayment to related party			0	44,939
Mr. Zhang Bi [Member]
Proceeds from related party	$ 0	$ 1,854	3,455	205,021
Mr. Yin-Chieh Cheng [Member]
Proceeds from related party	0	26,533	86,320	246,832
Received on behalf of the Company	0	1,000,000	0	1,000,000
Related party assumed payable due to the company	0	551,006	0	551,006
Repayment to related party	0	0	665,000	0
Mountain Share Transfer [Member]
Proceeds from related party	$ 0	$ 0	$ 7,000	$ 0

12. Income (Loss) Per Share (De

12. Income (Loss) Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net loss attributable to the Company	$ (715,581)	$ (76,320)	$ (462,788)	$ (371,994)
Denominator:
Basic	13,181,786	12,354,200	13,181,786	12,352,881
Diluted	17,822,728	17,496,357	17,703,568	15,323,673
Basic	$ (0.0543)	$ (0.0062)	$ (0.0351)	$ (0.0301)
Diluted	$ (0.0543)	$ (0.0062)	$ (0.0351)	$ (0.0301)

12. Income (Loss) Per Share (_2

12. Income (Loss) Per Share (Details Narrative) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2020
Loss per share
Warrants excluded from calculation of diluted net loss per share	5,560,000	5,560,000
Warrants outstanding			6,000,000