Nocera (NCRA) 10-Q 14 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
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 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 Common Stock, Shares Outstanding		10,039,295

INTERIM CONDENSED CONSOLIDATED

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 1,281,258	$ 2,906,074
Accounts receivable, net	243,515	209,777
Inventories, net	85,857	91,781
Advance to suppliers	1,732	1,732
Prepaid expenses and other assets, net	151,496	27,470
Financial assets at fair value through profit or loss	205,902	0
Total current assets	1,969,760	3,236,834
Deferred tax assets, net	21,639	22,703
Property and equipment, net	1,558,327	844,613
Intangible assets - customer relations	118,205	130,434
Goodwill	3,905,735	3,905,735
Other non-current asset	4,500	0
Total assets	7,578,166	8,140,319
Current liabilities
Accounts payable	0	2,631
Other payables and accrued liabilities	49,773	38,388
Advance receipts	0	42,880
Due to related parties	17,130	18,919
Warrant liability	1,179,768	1,179,768
Long-term secured other borrowing – current portion	167,131	214,913
Dividend payable	22,312	22,312
Income tax payable	1,805	1,920
Total current liabilities	1,437,919	1,521,731
Long-term secured other borrowing	337,451	436,341
Total liabilities	1,775,370	1,958,072
Equity
Common stock ($0.001 par value; authorized 200,000,000 shares; 10,019,295 shares and 9,243,587 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	10,019	9,243
Preferred stock ($0.001 par value; authorized 10,000,000 shares; Series A Preferred Stock, 2,000,000 authorized, 80,000 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	80	80
Additional paid-in capital	21,780,117	20,484,518
Statutory and other reserves	191,219	191,219
(Accumulated losses) retained earnings	(16,310,542)	(14,747,461)
Accumulated other comprehensive loss	41,518	103,594
Total Nocera, Inc.’s stockholders’ equity	5,712,411	6,041,193
Non-controlling interests	90,385	141,054
Total equity	5,802,796	6,182,247
Total liabilities and equity	$ 7,578,166	$ 8,140,319

INTERIM CONDENSED CONSOLIDATE_2

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Outstanding	10,019,295	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

INTERIM CONDENSED CONSOLIDATE_3

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 7,283,281	$ 678,772	$ 16,448,325	$ 4,201,714
Cost of sales	(7,231,912)	(634,166)	(16,291,065)	(4,117,852)
Gross profit	51,369	44,606	157,260	83,862
Operating expenses
General and administrative expenses	(319,762)	(852,795)	(1,747,766)	(2,092,696)
Total operating expenses	(319,762)	(852,795)	(1,747,766)	(2,092,696)
Loss from operations	(268,393)	(808,189)	(1,590,506)	(2,008,832)
Other income (expense)	(4,385)	7,934	(16,773)	8,052
Loss before income taxes	(272,778)	(800,255)	(1,607,279)	(2,000,780)
Income tax expense	0	0	0	422
Net loss from continuing operations	(272,778)	(800,255)	(1,607,279)	(2,000,358)
Net loss from discontinued operations
Loss on disposal	0	0	0	0
Income from discontinued operations	0	(60,468)	0	(50,062)
Net income from discontinued operations	0	(60,468)	0	(50,062)
Net loss	(272,778)	(860,723)	(1,607,279)	(2,050,420)
Less: Net loss attributable to non-controlling interests	(8,719)	4,767	(44,198)	4,767
Net loss attributable to the company	(264,059)	(865,490)	(1,563,081)	(2,055,187)
Comprehensive (loss) income
Net loss	(272,778)	(860,723)	(1,607,279)	(2,050,420)
Foreign currency translation gain (loss)	42,482	(6,343)	62,076	(25,569)
Total comprehensive loss	(230,296)	(867,066)	(1,545,203)	(2,075,989)
Less: comprehensive loss attributable to non-controlling interest	11,037	4,767	(12,376)	4,767
Comprehensive loss attributable to the Company	$ (241,333)	$ (871,833)	$ (1,532,827)	$ (2,080,756)

INTERIM CONDENSED CONSOLIDATE_4

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net loss per share from continuing operations - basic	$ (0.0264)	$ (0.0996)	$ (0.1611)	$ (0.2692)
Net loss per share from continuing operations - diluted	(0.0264)	(0.0996)	(0.1611)	(0.2692)
Net (loss) income per share from discontinued operations - basic	0	(0.0075)	0	(0.0067)
Net (loss) income per share from discontinued operations - diluted	$ 0	$ (0.0075)	$ 0	$ (0.0067)
Weighted average number of common shares outstanding - basic	10,019,125	8,078,587	9,703,101	7,448,770
Weighted average number of common shares outstanding - diluted	10,019,125	8,078,587	9,703,101	7,448,770

INTERIM CONDENSED CONSOLIDATE_5

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss from continuing operations	$ (1,607,279)	$ (2,000,358)
Less: net income from discontinued operations	0	(50,062)
Net loss	(1,607,279)	(2,050,420)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation expenses	109,953	36
Amortization of intangible assets	12,228	0
Loss on disposal of XFC	0	0
Deferred income tax	0	0
Gain on fair value change of financial assets at FVTPL	(5,902)	0
Consultancy services settled by equities	521,100	0
Share-based compensation	148,288	812,898
Changes in operating assets and liabilities:
Accounts receivable, net	(42,210)	(36,990)
Inventories	1,343	(5,450)
Advance to suppliers	0	0
Prepaid expenses and other assets, net	(146,781)	(1,563,118)
Retention receivables	0	0
Other non-current assets	(4,865)	0
Notes payable	0	0
Accounts payable	(2,631)	566,932
Advance receipts	(42,880)	0
Other payables and accrued liabilities	7,763	6,361
Income tax payable	(211)	(4,741)
Amount due from a related party	0	(211,555)
Net cash (used in) provided by operating activities from continuing operations	(1,052,084)	(2,486,047)
Net cash used in operating activities from discontinued operations	0	1,816,967
Net cash used in operating activities	(1,052,084)	(669,080)
Cash flows from investing activities:
Purchase of property and equipment	(857,870)	(836,404)
Purchase of financial assets at FVTPL	(200,000)	0
Net cash outflow upon acquisition of a subsidiary	0	(4,292,176)
Net cash used in investing activities from continuing operations	(1,057,870)	(5,128,580)
Net cash used in investing activities from discontinued operations	0	0
Net cash used in investing activities	(1,057,870)	(5,128,580)
Cash flows from financing activities:
Bank borrowing	(122,507)	(52,906)
Proceeds from issuance of common stock	626,987	5,664,244
Net cash used in financing activities from continuing operations	504,480	5,611,338
Net cash used in financing activities from discontinued operations	0	0
Net cash used in financing activities	504,480	5,611,338
Effect of exchange rate changes on cash and cash equivalents	(19,342)	(54,095)
Supplemental Cash Flow Elements:
Increase in cash and cash equivalents from continuing operations	(1,624,816)	(2,003,289)
Decrease in cash and cash equivalents from discontinued operations	0	1,816,967
Net decrease in cash and cash equivalents	(1,624,816)	(240,417)
Cash and cash equivalents from continuing operations, beginning of year	2,906,074	2,103,677
Cash and cash equivalents from discontinued operations, beginning of year	0	340,332
Cash and cash equivalents at beginning of period	2,906,074	2,444,009
Cash and cash equivalents from continuing operations, end of year	1,281,258	2,158,052
Cash and cash equivalents from discontinued operations, end of year	0	45,540
Cash and cash equivalents at end of period	$ 1,281,258	$ 2,203,592

INTERIM CONDENSED CONSOLIDATE_6

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	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	$ 80	$ 14,476,240	$ 191,219	$ (9,918,553)	$ 13,906	$ 4,769,964		$ 4,769,964
Beginning balance, shares at Dec. 31, 2021	7,071,920	80,000
Consultancy services settled by equities	$ 66		502,934				503,000		503,000
Consultancy services settled by equities, shares	66,667
Foreign currency translation adjustments						129,231	129,231		129,231
Share-based compensation			103,155				103,155		103,155
Net loss					(805,720)		(805,720)		(805,720)
Ending balance, value at Mar. 31, 2022	$ 7,138	$ 80	15,082,329	191,219	(10,724,273)	143,137	4,699,630		4,699,630
Ending balance, shares at Mar. 31, 2022	7,138,587	80,000
Beginning balance, value at Dec. 31, 2021	$ 7,072	$ 80	14,476,240	191,219	(9,918,553)	13,906	4,769,964		4,769,964
Beginning balance, shares at Dec. 31, 2021	7,071,920	80,000
Net loss									(2,050,420)
Ending balance, value at Sep. 30, 2022	$ 9,018	$ 80	20,088,755	191,219	(11,973,740)	(11,663)	8,303,669	69,502	8,373,171
Ending balance, shares at Sep. 30, 2022	9,018,587	80,000
Beginning balance, value at Mar. 31, 2022	$ 7,138	$ 80	15,082,329	191,219	(10,724,273)	143,137	4,699,630		4,699,630
Beginning balance, shares at Mar. 31, 2022	7,138,587	80,000
Foreign currency translation adjustments						(148,457)	(148,457)		(148,457)
Share-based compensation			103,322				103,322		103,322
Net loss					(383,977)		(383,977)		(383,977)
Ending balance, value at Jun. 30, 2022	$ 7,138	$ 80	15,185,651	191,219	(11,108,250)	(5,320)	4,270,518		4,270,518
Ending balance, shares at Jun. 30, 2022	7,138,587	80,000
Foreign currency translation adjustments						(6,343)	(6,343)		(6,343)
Share-based compensation			103,488				103,488		103,488
Purchase of non-controlling interest								64,735	64,735
Common stock issuance	$ 1,880		4,799,616				4,801,496		4,801,496
Common stock issuance, shares	1,880,000
Net loss					(865,490)		(865,490)	4,767	(860,723)
Ending balance, value at Sep. 30, 2022	$ 9,018	$ 80	20,088,755	191,219	(11,973,740)	(11,663)	8,303,669	69,502	8,373,171
Ending balance, shares at Sep. 30, 2022	9,018,587	80,000
Beginning balance, value at Dec. 31, 2022	$ 9,243	$ 80	20,484,518	191,219	(14,747,461)	103,594	6,041,193	141,054	6,182,247
Beginning balance, shares at Dec. 31, 2022	9,243,587	80,000
Consultancy services settled by equities	$ 450		520,650				521,100		521,100
Consultancy services settled by equities, shares	450,000
Foreign currency translation adjustments						23,627	23,627	(339)	23,288
Share-based compensation			103,155				103,155		103,155
Net loss					(987,648)		(987,648)	(14,541)	(1,002,189)
Ending balance, value at Mar. 31, 2023	$ 9,693	$ 80	21,108,323	191,219	(15,735,109)	127,221	5,701,427	126,174	5,827,601
Ending balance, shares at Mar. 31, 2023	9,693,587	80,000
Beginning balance, value at Dec. 31, 2022	$ 9,243	$ 80	20,484,518	191,219	(14,747,461)	103,594	6,041,193	141,054	6,182,247
Beginning balance, shares at Dec. 31, 2022	9,243,587	80,000
Net loss									(1,607,279)
Ending balance, value at Sep. 30, 2023	$ 10,019	$ 80	21,780,117	191,219	(16,310,542)	41,518	5,712,411	90,385	5,802,796
Ending balance, shares at Sep. 30, 2023	10,019,295	80,000
Beginning balance, value at Mar. 31, 2023	$ 9,693	$ 80	21,108,323	191,219	(15,735,109)	127,221	5,701,427	126,174	5,827,601
Beginning balance, shares at Mar. 31, 2023	9,693,587	80,000
Foreign currency translation adjustments						(43,221)	(43,221)	(2,475)	(45,696)
Share-based compensation			29,800				29,800		29,800
Net loss					(311,374)		(311,374)	(20,938)	(332,312)
Ending balance, value at Jun. 30, 2023	$ 9,693	$ 80	21,138,123	191,219	(16,046,483)	84,000	5,376,632	102,761	5,479,393
Ending balance, shares at Jun. 30, 2023	9,693,587	80,000
Foreign currency translation adjustments						(42,482)	(42,482)	(3,657)	(46,139)
Share-based compensation			15,333				15,333		15,333
Common stock issuance	$ 326		626,661				626,987		626,987
Common stock issuance, shares	325,708
Net loss					(264,059)		(264,059)	(8,719)	(272,778)
Ending balance, value at Sep. 30, 2023	$ 10,019	$ 80	$ 21,780,117	$ 191,219	$ (16,310,542)	$ 41,518	$ 5,712,411	$ 90,385	$ 5,802,796
Ending balance, shares at Sep. 30, 2023	10,019,295	80,000

PRINCIPAL ACTIVITIES AND ORGANI

PRINCIPAL ACTIVITIES AND ORGANIZATION	9 Months Ended
	Sep. 30, 2023
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” or the “Company”) and its subsidiaries, Grand Smooth Inc. Limited (“GSI”) and Guizhou Grand Smooth Technology Ltd. (“GZ GST” or “WFOE”), and Meixin Institutional Food Development Co., Ltd. (“Meixin”) that is controlled through contractual arrangements. The Company, GSI, GZ GST and Mexin are collectively referred to as the “Company.” Nocera was incorporated in the State of Nevada on February 1, 2002 and is based in New Taipei City, Taiwan (R.O.C.). It did not engage in any operations and was dormant from its inception until its reverse merger with 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 operations. 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. Divestiture On September 21, 2020, the Company filed a Current Report on Form 8-K outlining the lack of communication that led to the termination by Nocera of its relationship with its former variable interest entity, 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 entered into a Settlement Agreement and Release with Nocera wherein all claims as to GZ WFH’s debt (claim to shares in Nocera or GZ GST) 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 GZ GST up to the date of the agreement. The consideration for the agreement was mutual waiver of any and all claims against each other and GZ GST, and GZ WFH (including Zhang Bi) waived 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 10.8. The VIE Agreements On December 31, 2020, we exchanged 466,667 100 300,000 The VIE Agreements with Meixin On September 7, 2022, we entered into a series of contractual agreements (collectively, the “Meixin VIE Agreements”) with the majority stockholder (the “Selling Stockholder”) of Meixin Institutional Food Development Co., Ltd., a Taiwan corporation and a food processing and catering company (“Meixin”), and Meixin, of which we purchased 80 4,300,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY	9 Months Ended
	Sep. 30, 2023
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, 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. 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 seven customers who represent 99 83 The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net: Schedule of concentrations of credit risk September 30, December 31, (Unaudited) (Audited) Percentage of the Company’s accounts receivable Customer A 41.55 50.83 Customer B 10.00 31.82 Customer C 10.88 14.73 Customer D 10.58 – 73.01 97.38 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: · 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 recognizes revenue 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. 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, a majority of which 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 a majority of the maintenance service warranties periods provided are 18 months. For performance obligation related to exclusive agency licenses, 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 customers 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 The FASB issued several updates during the period, none of these standards are either applicable to the Company or require adoption at a future date and none are expected to have a material impact on the consolidated financial statements upon adoption.

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE, NET	Note 3 ACCOUNTS RECEIVABLE, NET As of September 30, 2023 and December 31, 2022, accounts receivable consisted of the following: Schedule of accounts receivable September 30, December 31, (Unaudited) (Audited) $ $ Accounts receivable 243,515 209,777 Less: Allowance for doubtful accounts – – Total 243,515 209,777 For the nine months ended September 30, 2023 and for the year ended December 31, 2022, the Company has recorded provision for doubtful accounts of nil.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
INVENTORIES	Note 4 INVENTORIES As of September 30, 2023 and December 31, 2022, inventories consisted of the following: Schedule of inventory September 30, December 31, (Unaudited) (Audited) $ $ Raw materials 85,857 91,781 Work in process – – Total 85,857 91,781

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS, NET	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER ASSETS, NET	Note 5 PREPAID EXPENSES AND OTHER ASSETS, NET Schedule of prepaid expenses and other assets September 30, December 31, (Unaudited) (Audited) $ $ Other receivables from third party 151,496 27,470 Others – – Prepaid expenses and other assets, net 151,496 27,470

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	Note 6 PROPERTY AND EQUIPMENT, NET As of September 30, 2023 and December 31, 2022, property and equipment consisted of the following: Schedule of property and equipment September 30, December 31, (Unaudited) (Audited) $ $ Land 877,870 – Equipment 862,629 903,867 Less: Accumulated depreciation (182,172 ) (59,254 ) Property and equipment, net 1,558,327 844,613 On November 18, 2022, the Company paid US$ 20,000 229 857,870 Depreciation expenses for the nine months ended September 30, 2023 and 2022 were $ 109,953 975 28,345 454

FINANCIAL ASSETS AT FAIR VALUE

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS	Note 7 FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS The fair value of each investment in equity instrument to be measured at fair value through profit or loss is as follows: Schedule of financial assets at fair value through profit or loss September 30, December 31, (Unaudited) (Audited) $ $ Financial assets mandatorily measured at fair value through profit or loss – Funds 205,902 – Total 205,902 – Current – – Non-Current 205,902 – Total 205,902 – Net gain of $ 5,902 As of September 30, 2023, no

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	Note 8 GOODWILL As of September 30, 2023 and December 31, 2022, goodwill consisted of the following: Goodwill Schedule of goodwill September 30, December 31, (Unaudited) (Audited) $ $ Goodwill - Meixin 3,905,735 3,905,735 Less: Accumulated amortization – – Goodwill, net 3,905,735 3,905,735 Customer relations Schedule of customer relations September 30, December 31, 2023 2022 (Unaudited) (Audited) $ $ Acquisitions 135,325 135,325 Translation/ Adjustments – – Less: Accumulated amortization (17,120 ) (4,891 ) Less: Impairment – – Customer relations, net 118,205 130,434

OTHER BORROWINGS

OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
OTHER BORROWINGS	Note 9 OTHER BORROWINGS Other loans consisted of the following: Schedule of other loans September 30, December 31, (Unaudited) (Audited) Secured loan from Chailease Finance Co., Ltd wholly repayable within 1 year $ 167,131 $ 214,913 Total secured loan wholly repayable within 1 year 167,131 214,913 Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year 337,451 436,341 Total $ 504,582 $ 651,254 As of December 31, 2022, the outstanding loan from Chailease Finance Co., Ltd of $ 651,254 20,000,000 6 500,000 20,000,000 December 16, 2024

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2023
Guarantees and Product Warranties [Abstract]
WARRANTS	Note 10 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 the subscription of each preferred share. The Class C warrants consist of the right to purchase up to 80,000 80,000 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 of the Company at a per share purchase price of $2.50. In addition, the investors also received one Class C warrant and one Class D warrant for the subscription of each preferred share. The Class C warrants consist of the right to purchase up to 80,000 80,000 Public Offering In connection with a firm commitment underwritten public offering (the “Public Offering”) pursuant to a registration statement on Form S-1, amended (File No. 333-264059), originally filed with the SEC on April 1, 2022, and declared effective by the SEC on August 10, 2022, the Company sold an aggregate of 1,880,000 6.58 5.3 In connection with the Public Offering and pursuant to the underwriting agreement between us and the underwriters named therein, we granted the underwriters a 45-day option to purchase up to 282,000 282,000 2,820 On November 14, 2022, the exercise price of the warrants was decreased to $1.925. Under the terms of the warrants, the exercise price was to be decreased to the greater of (i) $1.925, which represented 50% of the original exercise price; and (ii) 100% of the last volume weighted average price immediately preceding the 90 th The Reset Exercise Price remains subject to adjustment in the event of stock dividends, stock splits, stock combinations, reclassifications, reorganizations or similar events affecting the Common Stock as described in the Warrants. Reverse Split In connection with the Public Offering, on August 11, 2022, the Company effected a 2:3 reverse stock split 80,000 53,334 3.75 80,000 53,334 7.50 Schedule of assumptions used Appraisal Date (Inception Date) C Warrant 2021 D Warrant 2021 (Unaudited) $ $ 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 D Warrant (Unaudited) $ $ 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 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 warrant liability September 30, December 31, $ $ Balance at the beginning of period 312,320 – Warrants issued to investors – 287,520 Warrants redeemed – – Fair value change of warrants included in earnings – 24,800 Total 312,320 312,320 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 2,418,000 2.12 4.73 Exercisable at January 1, 2022 2,418,000 2.12 4.73 Granted – – – Exercised / surrendered – – – Expired – – – Outstanding at September 30, 2023 2,418,000 2.12 4.73 Exercisable at September 30, 2023 2,418,000 2.12 4.73

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	Note 11 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 components of lease expense for the nine months ended September 30, 2023 and September 30, 2022 were as follows: Schedule of components of lease expenses Statement of Income Location Nine months ended Nine months ended (Unaudited) (Unaudited) $ $ Lease Costs Operating lease expense General and administrative expenses 50,845 35,329 Total net lease costs 50,845 35,329 Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2022 and September 30, 2023 are US$ nil.

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	Note 12 OTHER PAYABLES AND ACCRUED LIABILITIES Schedule of payables September 30, December 31, (Unaudited) $ $ Salary payable 818 861 Others 48,955 37,527 Total 49,773 38,388

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 13 INCOME TAXES 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. 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 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 Act (the “CARES Act”) was signed into law on March 27, 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 10.5 152,829 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 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 As of December 31, 2022, 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 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, 2022. 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. 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 August 31, 2021 and 2020. 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. The components of the income tax expense are: Schedule of income tax components Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 $ $ $ $ Current – (2,592 ) – (422 ) Deferred – – – – Total income tax expense – (2,592 ) – (422 ) The reconciliation of income taxes expenses computed at the Taiwan statutory tax rate (2021: at PRC statutory rate) applicable to income tax expense is as follows: Schedule of reconciliation of income tax expense Nine months ended September 30, 2023 2022 Taiwan (2021-PRC) income tax statutory rate 20.00 20.00 Impact of different tax rates in other jurisdictions (0.03 ) 1.19 Tax effect of non-deductible expenses (10.39 ) (9.19 ) Tax effect of non-deductible share based compensation (25.72 ) (3.65 ) Tax effect of non-taxable income 7.25 – Utilization of tax losses – – Others 0.03 0.04 Changes in valuation allowance 8.5 (8.57 ) Effective tax rate (0.02 ) (0.18 ) 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 September 30, 2023 December 31, $ $ Deferred tax assets Tax loss carried forward – – Allowance for doubtful receivables – – Total deferred tax assets – – Valuation allowance – – Total deferred tax assets, net – – September 30, 2023 December 31, $ $ Deferred tax liabilities Property and equipment, difference in depreciation – – Deferred tax liabilities, net – – The valuation allowance as of September 30, 2023 and December 31, 2022 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 follows. Schedule of movement in valuation allowance September 30, 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, 2022, the Company had not recorded any withholding tax on the retained earnings of its foreign-invested enterprises in the PRC, since the Company had intended 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. As of September 30, 2023, the Company had not recorded any withholding tax on the retained earnings of its foreign-invested enterprises in the PRC, and the Company decided not to reinvest its earnings since it is not continuing its business in mainland China, and its foreign-invested enterprises do not intend to declare dividends to their immediate foreign holding companies.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	Note 14 RELATED PARTY BALANCES AND TRANSACTIONS Due to related parties The balance due to related parties was as follows: Schedule of due to related parties September 30, December 31, $ $ Mr. Yin-Chieh Cheng (1) 6,603 11,238 Mountain Share Transfer, LLC (2) 7,681 7,681 Total 17,130 18,919 Sales The balance of sales with a related party was as following: Schedule of related party sales transactions Related Party Categories September 30, December 31, (Unaudited) (Audited) $ $ Grand Smooth Corporation Limited (3) Same director 388,757 993,981 Total 388,757 993,981 The sales prices and payment terms to related parties were not significantly different from those of sales to third parties. For other related party transactions, price and terms were determined in accordance with mutual agreements. Note: (1) Mr. Yin-Chieh Cheng (“Mr. Cheng”) was the chairman the Company, and he holds 36.4% shares of the Company. The balance due to Mr. Cheng as of September 30, 2023 mainly represented the amount paid by Mr. Cheng on behalf of the Company. (2) Mountain Share Transfer, LLC is company 100% controlled by Erik S. Nelson, a stockholder of the Company. The balances represented the amount paid on behalf of the Company for its daily operation purpose. (3) Grand Smooth Corporation Limited's 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.

COMMON STOCK

COMMON STOCK	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
COMMON STOCK	Note 15 COMMON STOCK The Company’s authorized number of common stock is 200,000,000 0.001 2:3 reverse stock split 10,707,150 7,138,587 10,019,295 9,243,587 On August 11, 2022, the Company’s common stock commenced trading on The Nasdaq Capital Market under the symbol “NCRA” on a post-reverse stock split basis. During the public offering, 1,880,000 6.58 5.3 All number of shares, share amounts and per share data presented in the accompanying unaudited consolidated financial statements and related notes have been retroactively restated to reflect the reverse merger transaction and subsequent issuance of shares stated above, except for authorized shares of common stock, which were not affected.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	Note 16 SHARE-BASED COMPENSATION On December 27, 2018, Nocera granted Mr. Yin-Chieh Cheng quarterly option awards of 250,000 5,000,000 0.50 2,333,334 On June 1, 2020, Nocera granted Mr. Shun-Chih Chuang and Mr. Hsien-Wen Yu 50,000 60,000 0.50 50,000 0.50 0.50 On June 1, 2020, Nocera granted Mr. Michael A. Littman 50,000 0.50 50,000 1.00 50,000 50,000 1.00 On December 1, 2021, Nocera granted Mr. Shun-Chih Chuang and Mr. Hsien-Wen Yu 75,000 60,000 0.50 70,000 0.50 On December 31, 2022, the Company issued an aggregate of 505,000 On December 22, 2022, the Company issued 150,000 75,000 On March 22, 2023, the Company issued 450,000 On July 31, 2023, Nocera granted Mr. Andy Chin-An Jin 240,000 On October 11, 2023, the Company issued 20,000 On August 11, 2022, the Company effected a 2:3 reverse stock split for each share of common stock issued and outstanding. The result of reverse stock split over the common stock issuable upon exercise of the following outstanding securities as of September 30, 2023 is listed below: Schedule of assumptions used September 30, December 31, 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 adjusts for any known future changes in the rate. For the nine months ended September 30, 2023 and year ended December 31, 2022, $ 148,288 6,638,371 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

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
PREFERRED STOCK	Note 17 PREFERRED STOCK In August 2021, the Company issued 80,000 1.00 2.50 On August 11, 2022, the Company effected a 2:3 reverse stock split

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
	Sep. 30, 2023
Loss per share
LOSS PER SHARE	Note 18 LOSS PER SHARE The following table sets forth the computation of basic and diluted (loss) income per common share for the three and nine months ended September 30, 2023 and 2022. Schedule of earnings (loss) per share For three months ended September 30, For nine months ended September 30, 2023 2022 2023 2022 $ $ $ $ Numerator: Net loss attributable to the Company (264,059 ) (865,490 ) (1,563,081 ) (2,055,187 ) Net loss from continuing operations (272,778 ) (800,255 ) (1,607,279 ) (2,000,358 ) Net (loss) income from discontinued operations – (60,468 ) – (50,062 ) Denominator: Weighted-average shares outstanding – Basic and Diluted 10,019,125 8,078,587 9,703,101 7,448,770 Loss per share – Basic and Diluted Net loss per share from continuing operations – basic and diluted (0.0264 ) (0.0996 ) (0.1611 ) (0.2692 ) Net (loss) income per share from discontinued operations – basic and diluted – (0.0075 ) – (0.0067 ) Basic net loss per common share is computed using the weighted average number of the common shares outstanding during the period.

DISPOSAL OF XIN FENG CONSTRUCTI

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”)	Note 19 DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”) On December 31, 2020, we exchanged 466,667 300,000 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 71,168 1.8 2.8 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 years ended December 31, 2022 and 2021: Schedule of reconciliation of discontinued operations For the Years Ended 2022 2021 Discontinued Operations: Revenue $ 2,236,616 $ 6,101,103 Cost of revenues (2,225,487 ) (5,230,321 ) Selling expenses – – General and administrative expenses (105,226 ) (213,863 ) Other revenue 1,812 1,455 Other expenses – (5,819 ) Income tax – (130,511 ) Net gain from discontinued operations – – Net income (loss) from discontinued operations $ (92,285 ) $ 522,044

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT	Note 20 SUBSEQUENT EVENT The Company has evaluated subsequent events through the issuance of the unaudited condensed consolidated financial statements and except for the event discloses below, no other subsequent event is identified that would have required adjustment or disclosure in the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Policies)	9 Months Ended
	Sep. 30, 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.
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 seven customers who represent 99 83 The following table sets forth a summary of single customers who represent 10% or more of the Company’s total accounts receivable, net: Schedule of concentrations of credit risk September 30, December 31, (Unaudited) (Audited) Percentage of the Company’s accounts receivable Customer A 41.55 50.83 Customer B 10.00 31.82 Customer C 10.88 14.73 Customer D 10.58 – 73.01 97.38
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: · 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 recognizes revenue 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. 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, a majority of which 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 a majority of the maintenance service warranties periods provided are 18 months. For performance obligation related to exclusive agency licenses, 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 customers 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	Recent Accounting Pronouncements The FASB issued several updates during the period, none of these standards are either applicable to the Company or require adoption at a future date and none are expected to have a material impact on the consolidated financial statements upon adoption.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Schedule of concentrations of credit risk	Schedule of concentrations of credit risk September 30, December 31, (Unaudited) (Audited) Percentage of the Company’s accounts receivable Customer A 41.55 50.83 Customer B 10.00 31.82 Customer C 10.88 14.73 Customer D 10.58 – 73.01 97.38

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Credit Loss [Abstract]
Schedule of accounts receivable	Schedule of accounts receivable September 30, December 31, (Unaudited) (Audited) $ $ Accounts receivable 243,515 209,777 Less: Allowance for doubtful accounts – – Total 243,515 209,777

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2023
Inventory Disclosure [Abstract]
Schedule of inventory	Schedule of inventory September 30, December 31, (Unaudited) (Audited) $ $ Raw materials 85,857 91,781 Work in process – – Total 85,857 91,781

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepaid expenses and other assets	Schedule of prepaid expenses and other assets September 30, December 31, (Unaudited) (Audited) $ $ Other receivables from third party 151,496 27,470 Others – – Prepaid expenses and other assets, net 151,496 27,470

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment September 30, December 31, (Unaudited) (Audited) $ $ Land 877,870 – Equipment 862,629 903,867 Less: Accumulated depreciation (182,172 ) (59,254 ) Property and equipment, net 1,558,327 844,613

FINANCIAL ASSETS AT FAIR VALU_2

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of financial assets at fair value through profit or loss	Schedule of financial assets at fair value through profit or loss September 30, December 31, (Unaudited) (Audited) $ $ Financial assets mandatorily measured at fair value through profit or loss – Funds 205,902 – Total 205,902 – Current – – Non-Current 205,902 – Total 205,902 –

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	Schedule of goodwill September 30, December 31, (Unaudited) (Audited) $ $ Goodwill - Meixin 3,905,735 3,905,735 Less: Accumulated amortization – – Goodwill, net 3,905,735 3,905,735
Schedule of customer relations	Schedule of customer relations September 30, December 31, 2023 2022 (Unaudited) (Audited) $ $ Acquisitions 135,325 135,325 Translation/ Adjustments – – Less: Accumulated amortization (17,120 ) (4,891 ) Less: Impairment – – Customer relations, net 118,205 130,434

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of other loans	Schedule of other loans September 30, December 31, (Unaudited) (Audited) Secured loan from Chailease Finance Co., Ltd wholly repayable within 1 year $ 167,131 $ 214,913 Total secured loan wholly repayable within 1 year 167,131 214,913 Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year 337,451 436,341 Total $ 504,582 $ 651,254

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2023
Guarantees and Product Warranties [Abstract]
Schedule of assumptions used	Schedule of assumptions used Appraisal Date (Inception Date) C Warrant 2021 D Warrant 2021 (Unaudited) $ $ 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 D Warrant (Unaudited) $ $ 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
Schedule of warrant liability	Schedule of warrant liability September 30, December 31, $ $ Balance at the beginning of period 312,320 – Warrants issued to investors – 287,520 Warrants redeemed – – Fair value change of warrants included in earnings – 24,800 Total 312,320 312,320
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 2,418,000 2.12 4.73 Exercisable at January 1, 2022 2,418,000 2.12 4.73 Granted – – – Exercised / surrendered – – – Expired – – – Outstanding at September 30, 2023 2,418,000 2.12 4.73 Exercisable at September 30, 2023 2,418,000 2.12 4.73

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of components of lease expenses	Schedule of components of lease expenses Statement of Income Location Nine months ended Nine months ended (Unaudited) (Unaudited) $ $ Lease Costs Operating lease expense General and administrative expenses 50,845 35,329 Total net lease costs 50,845 35,329

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule of payables	Schedule of payables September 30, December 31, (Unaudited) $ $ Salary payable 818 861 Others 48,955 37,527 Total 49,773 38,388

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of income tax components	Schedule of income tax components Three months ended September 30, Nine months ended September 30, 2023 2022 2023 2022 $ $ $ $ Current – (2,592 ) – (422 ) Deferred – – – – Total income tax expense – (2,592 ) – (422 )
Schedule of reconciliation of income tax expense	Schedule of reconciliation of income tax expense Nine months ended September 30, 2023 2022 Taiwan (2021-PRC) income tax statutory rate 20.00 20.00 Impact of different tax rates in other jurisdictions (0.03 ) 1.19 Tax effect of non-deductible expenses (10.39 ) (9.19 ) Tax effect of non-deductible share based compensation (25.72 ) (3.65 ) Tax effect of non-taxable income 7.25 – Utilization of tax losses – – Others 0.03 0.04 Changes in valuation allowance 8.5 (8.57 ) Effective tax rate (0.02 ) (0.18 )
Schedule of deferred income taxes	Schedule of deferred income taxes September 30, 2023 December 31, $ $ Deferred tax assets Tax loss carried forward – – Allowance for doubtful receivables – – Total deferred tax assets – – Valuation allowance – – Total deferred tax assets, net – – September 30, 2023 December 31, $ $ Deferred tax liabilities Property and equipment, difference in depreciation – – Deferred tax liabilities, net – –
Schedule of movement in valuation allowance	Schedule of movement in valuation allowance September 30, 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

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of due to related parties	Schedule of due to related parties September 30, December 31, $ $ Mr. Yin-Chieh Cheng (1) 6,603 11,238 Mountain Share Transfer, LLC (2) 7,681 7,681 Total 17,130 18,919 Sales The balance of sales with a related party was as following:
Schedule of related party sales transactions	Schedule of related party sales transactions Related Party Categories September 30, December 31, (Unaudited) (Audited) $ $ Grand Smooth Corporation Limited (3) Same director 388,757 993,981 Total 388,757 993,981

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of assumptions used	Schedule of assumptions used September 30, December 31, 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

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Loss per share
Schedule of earnings (loss) per share	Schedule of earnings (loss) per share For three months ended September 30, For nine months ended September 30, 2023 2022 2023 2022 $ $ $ $ Numerator: Net loss attributable to the Company (264,059 ) (865,490 ) (1,563,081 ) (2,055,187 ) Net loss from continuing operations (272,778 ) (800,255 ) (1,607,279 ) (2,000,358 ) Net (loss) income from discontinued operations – (60,468 ) – (50,062 ) Denominator: Weighted-average shares outstanding – Basic and Diluted 10,019,125 8,078,587 9,703,101 7,448,770 Loss per share – Basic and Diluted Net loss per share from continuing operations – basic and diluted (0.0264 ) (0.0996 ) (0.1611 ) (0.2692 ) Net (loss) income per share from discontinued operations – basic and diluted – (0.0075 ) – (0.0067 )

DISPOSAL OF XIN FENG CONSTRUC_2

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”) (Tables)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of reconciliation of discontinued operations	Schedule of reconciliation of discontinued operations For the Years Ended 2022 2021 Discontinued Operations: Revenue $ 2,236,616 $ 6,101,103 Cost of revenues (2,225,487 ) (5,230,321 ) Selling expenses – – General and administrative expenses (105,226 ) (213,863 ) Other revenue 1,812 1,455 Other expenses – (5,819 ) Income tax – (130,511 ) Net gain from discontinued operations – – Net income (loss) from discontinued operations $ (92,285 ) $ 522,044

PRINCIPAL ACTIVITIES AND ORGA_2

PRINCIPAL ACTIVITIES AND ORGANIZATION (Details Narrative) - USD ($)	Nov. 30, 2022	Sep. 07, 2022	Dec. 31, 2020
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Purchase of cash price	$ 300,000
Meixin VIE Agreements [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Payments to acquire businesses		$ 4,300,000
Meixin Institutional Food Development Co Ltd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Controlling interest		80%
XFC Sale [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Restricted common stock			466,667
XFC Sale [Member] | Xin Feng Construction Co Ltd [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Controlling interest			100%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details - Concentrations) - Accounts Receivable [Member] - Customer Concentration Risk [Member]	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Customer A [Member]
Product Information [Line Items]
Concentration percentage	41.55%	50.83%
Customer B [Member]
Product Information [Line Items]
Concentration percentage	10%	31.82%
Customer C [Member]
Product Information [Line Items]
Concentration percentage	10.88%	14.73%
Customer D [Member]
Product Information [Line Items]
Concentration percentage	10.58%	0%
All Customers [Member]
Product Information [Line Items]
Concentration percentage	73.01%	97.38%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details Narrative) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Seven Customers [Member]
Product Information [Line Items]
Concentration risk	99%
Four Customers [Member]
Product Information [Line Items]
Concentration risk		83%

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Credit Loss [Abstract]
Accounts receivable	$ 243,515	$ 209,777
Less: Allowance for doubtful accounts	0	0
Total	$ 243,515	$ 209,777

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 85,857	$ 91,781
Work in process	0	0
Total	$ 85,857	$ 91,781

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS, NET (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other receivables from third party	$ 151,496	$ 27,470
Others	0	0
Prepaid expenses and other assets, net	$ 151,496	$ 27,470

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (182,172)	$ (59,254)
Property and equipment, net	1,558,327	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	$ 862,629	$ 903,867

PROPERTY AND EQUIPMENT, NET (_2

PROPERTY AND EQUIPMENT, NET (Details Narrative)			3 Months Ended		9 Months Ended
	Feb. 16, 2023 USD ($)	Nov. 18, 2022 USD ($) a	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Property, Plant and Equipment [Abstract]
Land acquisition	$ 857,870	$ 20,000
Acres of land | a		229
Depreciation expense			$ 28,345	$ 454	$ 109,953	$ 975

FINANCIAL ASSETS AT FAIR VALU_3

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financial assets mandatorily measured at fair value through profit or loss
Funds	$ 205,902	$ 0
Total	205,902	0
Current	0	0
Non-Current	205,902	0
Total	$ 205,902	$ 0

FINANCIAL ASSETS AT FAIR VALU_4

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details Narrative)	9 Months Ended
	Sep. 30, 2023 USD ($)
Fair Value Disclosures [Abstract]
Net gain changes in fair value of financial assets	$ 5,902
Financial assets at fair value through profit or loss	$ 0

GOODWILL (Details - Goodwill)

GOODWILL (Details - Goodwill) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Less: Accumulated amortization	$ 0	$ 0
Goodwill	3,905,735	3,905,735
Meixin Institutional Food Development Co Ltd [Member]
Goodwill	$ 3,905,735	$ 3,905,735

GOODWILL (Details - Customer Re

GOODWILL (Details - Customer Relations) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisitions	$ 135,325	$ 135,325
Translation/ Adjustments	0	0
Less: Accumulated amortization	(17,120)	(4,891)
Less: Impairment	0	0
Customer relations, net	$ 118,205	$ 130,434

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Secured loan, current	$ 167,131	$ 214,913
Total	504,582	651,254
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Secured loan, non current	337,451	436,341
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Secured loan, current	$ 167,131	$ 214,913

OTHER BORROWINGS (Details Narra

OTHER BORROWINGS (Details Narrative) - USD ($)	Dec. 19, 2022	Dec. 31, 2022
Taiwan, New Dollars | Xizhi Brench [Member]
Short-Term Debt [Line Items]
Restricted cash		$ 500,000
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Loans payable		$ 651,254
Annual interest rate		6%
Expiry date	Dec. 16, 2024
Chailease Finance Co [Member] | Taiwan, New Dollars
Short-Term Debt [Line Items]
Loans payable		$ 20,000,000
Line of credit	$ 20,000,000

WARRANT (Details - Assumptions

WARRANT (Details - Assumptions used)	Sep. 27, 2021	Aug. 10, 2021
C Warrant [Member] | Measurement Input, Share Price [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	1.71	1.47
C Warrant [Member] | Measurement Input, Exercise Price [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	2.50	2.50
C Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	0.15	0.14
C Warrant [Member] | Measurement Input, Expected Dividend Rate [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	0.00	0.00
C Warrant [Member] | Measurement Input, Expected Term [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	1.26	1.39
C Warrant [Member] | Measurement Input, Price Volatility [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	52.93	56.36
D Warrant [Member] | Measurement Input, Share Price [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	0.73	0.66
D Warrant [Member] | Measurement Input, Exercise Price [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	5.00	5.00
D Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	0.15	0.14
D Warrant [Member] | Measurement Input, Expected Dividend Rate [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	0.00	0.00
D Warrant [Member] | Measurement Input, Expected Term [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	1.26	1.39
D Warrant [Member] | Measurement Input, Price Volatility [Member]
Offsetting Assets [Line Items]
Derivatives determination of fair value	52.93	56.36

WARRANT (Details - Warrant Liab

WARRANT (Details - Warrant Liability) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants issued to investors	$ 0	$ 287,520
Warrants redeemed	0	0
Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Balance at the beginning of period	312,320	0
Fair value change of warrants included in earnings	0	24,800
Balance at the ending of period	$ 312,320	$ 312,320

WARRANT (Details - Warrant Acti

WARRANT (Details - Warrant Activity) - Warrant [Member]	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants outstanding, beginning balance | shares	2,418,000
Average exercise price, outstanding beginning | $ / shares	$ 2.12
Weighted average remaining contractural term, warrants outstanding	4 years 8 months 23 days
Warrants exercisable | shares	2,418,000
Warrants exercisable, price per share | $ / shares	$ 2.12
Weighted average remaining contractural term, warrants exercisable	4 years 8 months 23 days
Warrants Granted | shares	0
Warrants granted, price per share | $ / shares	$ 0
Warrants Exercised / surrendered | shares	0
Warrants exercised / surrendered, price per share | $ / shares	$ 0
Warrants expired | shares	0
Warrants expired, price per share | $ / shares	$ 0
Warrants outstanding, ending balance | shares	2,418,000
Average exercise price, outstanding ending | $ / shares	$ 2.12
Warrants exercisable | shares	2,418,000
Warrants exercisable, price per share | $ / shares	$ 2.12

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)			1 Months Ended
	Sep. 23, 2022	Aug. 11, 2022	Sep. 23, 2022	Aug. 10, 2022	Sep. 27, 2021	Apr. 01, 2021
Reverse stock split		2:3 reverse stock split
Underwriters [Member]
Options granted, shares	282,000
Options exercised, shares	282,000		282,000
Proceeds from warrant exercises			$ 2,820
Public Offering [Member]
Common stock issued		1,880,000
Proceeds from issuance of stock		$ 6,580,000
Proceeds from issuance of stock		$ 5,300,000
Class C Warrant [Member]
Warrants issued, shares					80,000	80,000
Class D Warrant [Member]
Warrants issued, shares					80,000	80,000
Class C Warrants [Member]
Warrants outstanding		53,334		80,000
Warrants outstanding, price per share		$ 3.75
Class D Warrants [Member]
Warrants outstanding		53,334		80,000
Warrants outstanding, price per share		$ 7.50

LEASES (Details - Lease costs)

LEASES (Details - Lease costs) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease expense	$ 50,845	$ 35,329
Lease costs	$ 50,845	$ 35,329

OTHER PAYABLES AND ACCRUED LI_3

OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Salary payable	$ 818	$ 861
Others	48,955	37,527
Total	$ 49,773	$ 38,388

INCOME TAXES (Details - Income

INCOME TAXES (Details - Income tax expense) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Deferred			$ 0	$ 0
Total income tax expense	$ 0	$ 0	0	(422)
TAIWAN
Current	0	(2,592)	0	(422)
Deferred	0	0	0	0
Total income tax expense	$ 0	$ (2,592)	$ 0	$ (422)

INCOME TAXES (Details - Reconci

INCOME TAXES (Details - Reconcilation of income tax)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Taiwan (2021-PRC) income tax statutory rate	20%	20%
Impact of different tax rates in other jurisdictions	(0.03%)	1.19%
Tax effect of non-deductible expenses	(10.39%)	(9.19%)
Tax effect of non-deductible share based compensation	(25.72%)	(3.65%)
Tax effect of non-deductible non-taxable income	7.25%	0%
Utilization of tax losses	0%	0%
Others	0.03%	0.04%
Changes in valuation allowance	8.50%	(8.57%)
Effective tax rate	(0.02%)	(0.18%)

INCOME TAXES (Details - Deferre

INCOME TAXES (Details - Deferred taxes) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Deferred tax assets
Tax loss carried forward	$ 0	$ 0
Allowance for doubtful receivables	0	0
Total deferred tax assets	0	0
Valuation allowance	0	0
Total deferred tax assets, net	0	0
Deferred tax liabilities
Property and equipment, difference in depreciation	0	0
Deferred tax liabilities, net	$ 0	$ 0

INCOME TAXES (Details - Valuati

INCOME TAXES (Details - Valuation Allowance) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Valuation allowance, beginning	$ 95,844	$ 95,844
Additions to valuation allowance	0	0
Reductions in valuation allowance	0	0
Valuation allowance, ending balance	$ 95,844	$ 95,844

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Effective income tax rate	21%
Foreign income to an effective rate	10.50%
Global intangible low taxed income	$ 152,829
UNITED STATES
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards		$ 99,817
HONG KONG
Operating Loss Carryforwards [Line Items]
Effective income tax rate	8.25%
PRC [Member]
Operating Loss Carryforwards [Line Items]
Effective income tax rate	25%

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Details - Due to related parties) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due to related parties	$ 17,130	$ 18,919
Yin Chieh Cheng [Member]
Related Party Transaction [Line Items]
Due to related parties	6,603	11,238
Mountain Share Transfer [Member]
Related Party Transaction [Line Items]
Due to related parties	$ 7,681	$ 7,681

RELATED PARTY BALANCES AND TR_4

RELATED PARTY BALANCES AND TRANSACTIONS (Details - Related Party Sales) - USD ($)	3 Months Ended		9 Months Ended		24 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023
Related Party Transaction [Line Items]
Revenues	$ 7,283,281	$ 678,772	$ 16,448,325	$ 4,201,714
Grand Smooth Corporation Limited [Member]
Related Party Transaction [Line Items]
Revenues			$ 388,757		$ 993,981

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Aug. 11, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Aug. 10, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares authorized		200,000,000		200,000,000
Common stock, par value		$ 0.001		$ 0.001
Reverse stock split	2:3 reverse stock split
Common stock, shares outstanding		10,019,295		9,243,587
Common stock, shares issued		10,019,295		9,243,587
Public Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock issued	1,880,000
Proceeds from issuance of stock	$ 6,580
Proceeds from issuance of stock	$ 5,300
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reverse stock split	2:3 reverse stock split
Common stock, shares outstanding	7,138,587				10,707,150
Common stock, shares issued	7,138,587				10,707,150
Common stock issued		325,708	1,880,000

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details - assumptions)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Dividend yield	N/A	N/A
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%

SHARE-BASED COMPENSATION (Det_2

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)

1 Months Ended

9 Months Ended

12 Months Ended

Oct. 11, 2023

Mar. 22, 2023

Dec. 31, 2022

Dec. 22, 2022

Dec. 31, 2021

Dec. 01, 2021

Aug. 11, 2021

Jun. 01, 2020

Dec. 27, 2018

Jul. 31, 2023

Sep. 30, 2023

Dec. 31, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Share-based compensation expenses

$ 148,288

$ 6,638,371

Unrecognized compensation cost amortization period

1 year 11 months 26 days

Yin Chieh Cheng [Member] | Series A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Option award

250,000

Warrants granted

5,000,000

2,333,334

Exercise price

$ 0.50

Mr Michael A Littman [Member] | Class A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

50,000

50,000

Exercise price

$ 0.50

Mr Michael A Littman [Member] | Class B Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

50,000

50,000

Exercise price

$ 1

Mr Hsien Wen Yu [Member] | Class A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

60,000

60,000

Two Employees [Member] | Class A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

50,000

Exercise price

$ 0.50

Shun Chih Chuang [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issued for services

505,000

Shun Chih Chuang [Member] | Class A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

75,000

Shun Chih Chuang And Hsien Wen Yu [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Exercise price

$ 0.50

Shun Chih Chuang And Hsien Wen Yu [Member] | Class A Warrant [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Warrants granted

70,000

Exercise price

$ 0.50

Chen Chun Chung [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issued for services

150,000

TraDigital [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issued for services

75,000

Hanover International Inc [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issued for services

450,000

Mr. Andy Chin An Jin [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of restricted shares

240,000

Mr. Nick Chang [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Issued for services

20,000

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	Aug. 11, 2022	Sep. 30, 2023	Dec. 31, 2022	Aug. 31, 2021
Class of Stock [Line Items]
Sale of stock, price				$ 1
Share price				$ 2.50
Reverse stock split	2:3 reverse stock split
Preferred Stock [Member]
Class of Stock [Line Items]
Reverse stock split	2:3 reverse stock split
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued		80,000	80,000	80,000

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net loss attributable to the Company	$ (264,059)	$ (865,490)	$ (1,563,081)	$ (2,055,187)
Net loss from continuing operations	(272,778)	(800,255)	(1,607,279)	(2,000,358)
Net (loss) income from discontinued operations	$ 0	$ (60,468)	$ 0	$ (50,062)
Denominator:
Weighted Average Number of Shares Outstanding, Basic	10,019,125	8,078,587	9,703,101	7,448,770
Weighted Average Number of Shares Outstanding, Diluted	10,019,125	8,078,587	9,703,101	7,448,770
Loss per share – Basic and Diluted
Income (Loss) from Continuing Operations, Per Basic Share	$ (0.0264)	$ (0.0996)	$ (0.1611)	$ (0.2692)
Income (Loss) from Continuing Operations, Per Diluted Share	(0.0264)	(0.0996)	(0.1611)	(0.2692)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	0	(0.0075)	0	(0.0067)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	$ 0	$ (0.0075)	$ 0	$ (0.0067)

DISPOSAL OF XIN FENG CONSTRUC_3

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD ("XFC") (Details - Discontinued operations XFC - operations) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Discontinued Operations:
Revenue					$ 2,236,616	$ 6,101,103
Cost of revenues					(2,225,487)	(5,230,321)
Selling expenses					0	0
General and administrative expenses					(105,226)	(213,863)
Other revenue					1,812	1,455
Other expenses					0	(5,819)
Income tax					0	(130,511)
Net gain from discontinued operations					0	0
Net income (loss) from discontinued operations	$ 0	$ 0	$ 0	$ 0	$ (92,285)	$ 522,044

DISPOSAL OF XIN FENG CONSTRUC_4

DISPOSAL OF XIN FENG CONSTRUCTION CO., LTD (“XFC”) (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Nov. 30, 2022	Dec. 31, 2020	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net loss disposal of discontinued operation			$ 0	$ 0	$ 0	$ 0	$ (92,285)	$ 522,044
XFC Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Exchanged restricted shares		466,667
Exchange cash purchase price		$ 300,000
XFC Sale [Member] | Discontinued Operations, Held-for-Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held carrying value	$ 2,600,000
Liabilities held carrying value	71,168
Cumulative translation adjustments gain on sale	$ 1,800,000
Net loss disposal of discontinued operation							$ 2,800,000