Nocera (NCRA) 10-Q/A 4 Feb 25 2024 Q3 Quarterly report (amended) Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 14, 2024
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	to amend and update certain disclosures in response to comments from the SEC
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
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		14,016,987

INTERIM CONDENSED CONSOLIDATED

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 372,270	$ 1,229,580
Accounts receivable, net	100,866	173,395
Inventories, net	105,130	88,432
Advance to suppliers	8,714	1,732
Prepaid expenses and other assets, net	626,450	10,365
Financial assets at fair value through profit or loss	208	208,697
Total current assets	1,213,638	1,712,201
Investment	28,468	0
Property and equipment, net	1,455,478	1,547,801
Intangible assets - customer relations	101,901	114,129
Goodwill	3,236,900	1,655,182
Other non-current asset	1,023,444	4,730
Total assets	7,059,829	5,034,043
Current liabilities
Accounts payable	1,012,037	0
Other payables and accrued liabilities	57,222	34,093
Advance receipts	32,668	0
Due to related parties	29,121	28,484
Warrant liability	1,179,768	1,179,768
Long-term secured other borrowing – current portion	0	487,800
Dividend payable	38,312	38,312
Income tax payable	40,545	1,859
Total current liabilities	2,389,673	1,770,316
Deferred tax liabilities, net	0	0
Long-term secured other borrowing	33,700	0
Total liabilities	2,423,373	1,770,316
Commitments and contingencies (Note 20)
Equity
Common stock ($0.001 par value; authorized 200,000,000 shares; 13,636,987 shares and 11,156,987 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively)	13,637	11,157
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, 2024 and December 31, 2023, respectively)	80	80
Additional paid-in capital (1)	24,656,130	21,931,112
Statutory and other reserves	191,219	191,219
Accumulated losses	(20,179,188)	(19,053,072)
Accumulated other comprehensive loss	(91,357)	98,906
Total Nocera, Inc.’s stockholders’ equity	4,590,521	3,179,402
Non-controlling interests	45,935	84,325
Total equity	4,636,456	3,263,727
Total liabilities and equity	$ 7,059,829	$ 5,034,043

INTERIM CONDENSED CONSOLIDATE_2

INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	13,636,987	11,156,987
Common stock, shares outstanding	13,636,987	11,156,987
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 1,363,101	$ 7,283,281	$ 13,016,093	$ 16,448,325
Cost of sales	(1,328,970)	(7,231,912)	(12,852,214)	(16,291,065)
Gross profit	34,131	51,369	163,879	157,260
Operating expenses
General and administrative expenses	(335,202)	(319,762)	(1,219,608)	(1,747,766)
Total operating expenses	(335,202)	(319,762)	(1,219,608)	(1,747,766)
Loss from operations	(301,071)	(268,393)	(1,055,729)	(1,590,506)
Other income (expense)	2,180	(4,385)	16,046	(16,773)
Loss before income taxes	(298,891)	(272,778)	(1,039,683)	(1,607,279)
Income tax expense	509	0	(121,871)	0
Net loss	(298,382)	(272,778)	(1,161,554)	(1,607,279)
Less: Net loss attributable to non-controlling interests	(12,964)	(8,719)	(35,438)	(44,198)
Net loss attributable to the company	(285,418)	(264,059)	(1,126,116)	(1,563,081)
Comprehensive (loss) income
Net loss	(298,382)	(272,778)	(1,161,554)	(1,607,279)
Foreign currency translation gain (loss)	(12,144)	42,482	190,263	62,076
Total comprehensive loss	(310,526)	(230,296)	(971,291)	(1,545,203)
Less: comprehensive loss attributable to non-controlling interest	(11,755)	11,037	(38,390)	(12,376)
Comprehensive loss attributable to the Company	$ (298,771)	$ (241,333)	$ (932,901)	$ (1,532,827)
Loss per share
Basic	$ (0.0210)	$ (0.0264)	$ (0.0865)	$ (0.1611)
Diluted	$ (0.0210)	$ (0.0264)	$ (0.0865)	$ (0.1611)
Weighted average number of common shares outstanding
Basic	13,607,097	10,019,125	13,017,717	9,703,101
Diluted	13,607,097	10,019,125	13,017,717	9,703,101

INTERIM CONDENSED CONSOLIDATE_4

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (1,161,554)	$ (1,607,279)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation expenses	112,096	109,953
Amortization of intangible assets	12,228	12,228
Gain on fair value change of financial assets held for trading	(4,268)	(5,902)
Consultancy services settled by equities	0	521,100
Share-based compensation	45,498	148,288
Changes in operating assets and liabilities:
Accounts receivable	72,907	(42,210)
Inventories	(15,680)	1,343
Prepaid expenses and other assets, net	(33,253)	(146,781)
Other non-current assets	(284,616)	(4,865)
Accounts payable	284,684	(2,631)
Advance receipts	0	(42,880)
Other payables and accrued liabilities	23,682	7,763
Income tax payable	38,713	(211)
Net cash used in operating activities	(909,563)	(1,052,084)
Cash flows from investing activities:
Purchase of property and equipment	(956)	(857,870)
Purchase of financial assets at FVTPL	(206)	(200,000)
Proceeds from disposal of financial assets at FVTPL	212,963	0
Cash acquired from acquisition of subsidiaries	456,003	626,987
Net cash provided by (used in) investing activities	667,804	(430,883)
Cash flows from financing activities:
Repayment of short-term bank loan	(478,361)	(122,507)
Net cash (used in)/provided by financing activities	(478,361)	(122,507)
Effect of exchange rate changes on cash and cash equivalents	(137,190)	(19,342)
Net decrease in cash and cash equivalents	(857,310)	(1,624,816)
Cash and cash equivalents at beginning of period	1,229,580	2,906,074
Cash and cash equivalents at end of period	372,270	1,281,258
Supplemental disclosures of cash flow information
Cash paid for interest expenses	0	0
Cash paid for Income taxes	$ 0	$ 0

INTERIM CONDENSED CONSOLIDATE_5

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, 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
Foreign currency translation Adjustments						23,627	23,627	(339)	23,288
Share-based compensation			103,155				103,155		103,155
Consultancy services settled by equities	$ 450		520,650				521,100		521,100
Consultancy services settled by equities, shares	450,000
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
Beginning balance, value at Dec. 31, 2023	$ 11,157	$ 80	21,931,112	191,219	(19,053,072)	98,906	3,179,402	84,325	3,263,727
Beginning balance, shares at Dec. 31, 2023	11,156,987	80,000
Foreign currency translation Adjustments						(57,307)	(57,307)	(3,288)	(60,595)
Share-based compensation			14,999				14,999		14,999
Common stock issuance	$ 1,800		1,978,200				1,980,000		1,980,000
Common stock issuance, shares	1,800,000
Net loss					(486,420)		(486,420)	(7,500)	(493,920)
Ending balance, value at Mar. 31, 2024	$ 12,957	$ 80	23,924,311	191,219	(19,539,492)	41,599	4,630,674	73,537	4,704,211
Ending balance, shares at Mar. 31, 2024	12,956,987	80,000
Beginning balance, value at Dec. 31, 2023	$ 11,157	$ 80	21,931,112	191,219	(19,053,072)	98,906	3,179,402	84,325	3,263,727
Beginning balance, shares at Dec. 31, 2023	11,156,987	80,000
Net loss									(1,161,554)
Ending balance, value at Sep. 30, 2024	$ 13,637	$ 80	24,656,130	191,219	(20,179,188)	(91,357)	4,590,521	45,935	4,636,456
Ending balance, shares at Sep. 30, 2024	13,636,987	80,000
Beginning balance, value at Mar. 31, 2024	$ 12,957	$ 80	23,924,311	191,219	(19,539,492)	41,599	4,630,674	73,537	4,704,211
Beginning balance, shares at Mar. 31, 2024	12,956,987	80,000
Foreign currency translation Adjustments						(145,100)	(145,100)	(873)	(145,973)
Share-based compensation			15,166				15,166		15,166
Common stock issuance	$ 600		641,400				642,000		642,000
Common stock issuance, shares	600,000
Net loss					(354,278)		(354,278)	(14,974)	(369,252)
Ending balance, value at Jun. 30, 2024	$ 13,557	$ 80	24,580,877	191,219	(19,893,770)	(103,501)	4,788,462	57,690	4,846,152
Ending balance, shares at Jun. 30, 2024	13,556,987	80,000
Foreign currency translation Adjustments						12,144	12,144	1,209	13,353
Share-based compensation			15,333				15,333		15,333
Common stock issuance	$ 80		59,920				60,000		60,000
Common stock issuance, shares	80,000
Net loss					(285,418)		(285,418)	(12,964)	(298,382)
Ending balance, value at Sep. 30, 2024	$ 13,637	$ 80	$ 24,656,130	$ 191,219	$ (20,179,188)	$ (91,357)	$ 4,590,521	$ 45,935	$ 4,636,456
Ending balance, shares at Sep. 30, 2024	13,636,987	80,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (285,418)	$ (264,059)	$ (1,126,116)	$ (1,563,081)

PRINCIPAL ACTIVITIES AND ORGANI

PRINCIPAL ACTIVITIES AND ORGANIZATION	9 Months Ended
	Sep. 30, 2024
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 with XFC On December 31, 2020, we exchanged 466,667 300,000 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 The VIE Agreements with Xinca On January 31, 2024, we entered into a Variable Interest Entity Purchase Agreement (“Xinca Purchase Agreement”) with Zhejiang Xinca Mutual Entertainment Culture Media Co., Ltd. (“Xinca”), a domestic funded limited liability company registered in China (P.R.C). The Xinca Purchase Agreement was entered into by our wholly-owned subsidiary and foreign enterprise, Shanghai Nocera Culture Co., Ltd. (“WFOE”), through a series of contractual agreements (“VIE Agreements”), in which we exchanged 1,800,000 100 The VIE Agreements with SY Culture On April 14, 2024, we entered into a Variable Interest Entity Purchase Agreement with Hangzhou SY Culture Media Co. Ltd. (“SY Culture”), a domestic funded limited liability company registered in China (P.R.C). The SY Culture Purchase Agreement was entered into by our wholly-owned subsidiary and foreign enterprise, Gui Zhou Grand Smooth Technology Ltd. (“WFOE”), through a series of contractual agreements (“VIE Agreements”), in which we exchanged 600,000 100

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY	9 Months Ended
	Sep. 30, 2024
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, 2023 filed with the SEC on September 30, 2024. 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, 2024, its consolidated results of operations for the nine months ended September 30, 2024, cash flows for the nine months ended September 30, 2024 and change in equity for the nine months ended September 30, 2024, as applicable, have been made. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the operating results that may be expected for the year ending December 31, 2024 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 98 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 98.32 60.11 Customer B – 21.99% Customer C – 16.10% 98.32 98.19 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 goods sold with a period varying from 18 months to 72 months, a majority of which are 18 months, and an exclusive sales agency license to its customers. For performance obligations 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 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 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

ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
ACCOUNTS RECEIVABLE	Note 3 ACCOUNTS RECEIVABLE As of September 30, 2024 and December 31, 2023, accounts receivable consisted of the following: Schedule of accounts receivable September 30, December 31, (Unaudited) (Audited) $ $ Accounts receivable 100,866 173,395 Less: Allowance for doubtful – – Total 100,866 173,395 For the nine months ended September 30, 2024 and for the year ended December 31, 2023, the Company has recorded provision for doubtful accounts of nil

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORIES	Note 4 INVENTORIES As of September 30, 2024 and December 31, 2023, inventories consisted of the following: Schedule of inventories September 30, December 31, (Unaudited) (Audited) $ $ Raw materials 105,130 88,432 Total 105,130 88,432 Inventory balances as of September 30, 2024, and September 30, 2023, were $ 105,130 88,432

PREPAID EXPENSES AND OTHER ASSE

PREPAID EXPENSES AND OTHER ASSETS, NET	9 Months Ended
	Sep. 30, 2024
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 626,450 10,365 Prepaid expenses and other assets, net 626,450 10,365 Other receivables as of September 30, 2024 and 2023 were $ 626,450 10,365

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	Note 6 PROPERTY AND EQUIPMENT, NET As of September 30, 2024 and December 31, 2023, property and equipment consisted of the following: Schedule of property and equipment September 30, December 31, (Unaudited) (Audited) $ $ Equipment 1,820,431 1,783,300 Less: Accumulated depreciation (364,953 ) (235,499 ) Property and equipment, net 1,455,478 1,547,801 Depreciation expenses for the nine months ended September 30, 2024 and 2023 were $ 112,096 109,953 57,567 28,345

FINANCIAL ASSETS AT FAIR VALUE

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS	9 Months Ended
	Sep. 30, 2024
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 208 208,697 Total 208 208,697 Current Non-Current 208 208,697 Total 208 208,697 Net gain of $ 4,268

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	Note 8 GOODWILL As of September 30, 2024 and December 31, 2023, goodwill consisted of the following: Goodwill Schedule of goodwill September 30, December 31, (Unaudited) (Audited) $ $ Goodwill - Meixin 3,905,735 3,905,735 Goodwill - Xinca 1,351,703 – Goodwill – SY Culture 230,015 – Less: Impairment (2,250,553 ) (2,250,553 ) Goodwill, net 3,236,900 1,655,182 Customer relations Schedule of customer relations September 30, December 31, 2024 2023 (Unaudited) (Audited) $ $ Balance b/f 135,325 135,325 Less: Accumulated amortization (33,424 ) (21,196 ) Customer relations, net 101,901 114,129

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER NON-CURRENT ASSETS	Note 9 OTHER NON-CURRENT ASSETS As of September 30, 2024 and December 31, 2023, other non-current assets consisted of the following: Schedule of other non-current assets September 30, December 31, (Unaudited) (Audited) $ $ Other Non-current Assets 4,589 4,730 Prepaid Rent Expense 5,258 – Deferred Expenses 1,013,597 – Total other non-current assets 1,023,444 4,730 The prepaid rent expenses are leases, rent, equipment, and fees and deferred expenses include e-commerce live streamer contracts’ service expenses. The prepaid rent expenses pertain to our offices located in Hangzhou, China, which serve our e-commerce business operations. The expense covers monthly rent totaling $ 531 478 eptember 30, 2024. The deferred expenses refer to advance payments made under contracts with live streamers. These expenses are subsequently deducted from the revenue generated by the streamers’ services.

OTHER BORROWINGS

OTHER BORROWINGS	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
OTHER BORROWINGS	Note 10 OTHER BORROWINGS Others 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 – 487,800 Total secured loan wholly repayable within 1 year – 487,800 Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year – – Total – 487,800 The loan has been repaid in full.

WARRANTS

WARRANTS	9 Months Ended
	Sep. 30, 2024
Warrants
WARRANTS	Note 11 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 additional shares of common stock and warrants, equivalent to 15% of the Units sold in the Public Offering, at the public offering price per Unit, less underwriting discounts and commissions, to cover over-allotments, if any. On September 23, 2022, the underwriters exercised their option to purchase an additional 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 53,334 3.75 53,334 7.50 Schedule of assumptions used Appraisal Date (Inception Date) C Warrant 2021 D Warrant 2021 (Unaudited) (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) (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 warranty liability activity September 30, December 31, $ $ Balance at the beginning of period 1,179,768 1,179,768 Warrants issued to investors – – Warrants redeemed – – Fair value change of warrants included in earnings – – Total 1,179,768 1,179,768 The following is a summary of the warrant activity: Schedule of warrant activity Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2024 2,255,146 2.14 3.65 Exercisable at January 1, 2024 2,255,146 2.14 3.65 Granted – – – Exercised / surrendered – – – Expired – – – Outstanding at September 30, 2024 2,255,146 2.14 3.65 Exercisable at September 30, 2024 2,255,146 2.14 3.65

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases
LEASES	Note 12 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 2023 and 2024. 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, 2024 and September 30, 2023 were as follows: Schedule of components of lease expenses Statement of Income Location Nine months ended September 30, 2024 Nine months ended (Unaudited) (Audited) $ $ Lease Costs Operating lease expense General and administrative expenses 39,707 50,845 Total net lease costs 39,707 50,845 Maturity of lease liabilities under our non-cancelable operating leases as of December 31, 2023 and September 30, 2024 are nil

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
OTHER PAYABLES AND ACCRUED LIABILITIES	Note 13 OTHER PAYABLES AND ACCRUED LIABILITIES Schedule of other payables and accrued liabilities September 30, December 31, (Unaudited) (Audited) $ $ Salary payable 854 842 Others 56,368 33,251 Total 57,222 34,093

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 14 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 13 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 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 10.5 152,829 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% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations. Assessable profits above HK$2 million (approximately $257,931) will continue to be subject to the rate of 16.5% for corporations. The Company assessed that the HK entity will not earn a profit greater than HK$2 million (approximately $257,931), it is subject to a corporate income tax rate of 8.25%. As of December 31, 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, 2024 2023 2024 2023 $ $ $ $ Current 509 – (121,871 ) – Deferred – – – – Total income tax expense 509 – (121,871 ) – 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, 2024 2023 Taiwan (2021-PRC) income tax statutory rate 20.00 20.00 Tax effect of non-deductible expenses (3.15 ) (1.54 ) Tax effect of stock-based compensation (4.41 ) (10.29 ) Tax effect of non-taxable income – – Impact of different tax rates in other jurisdictions (0.15 ) (0.05 ) Others – – Changes in valuation allowance (12.29 ) (8.11 ) Effective tax rate – – 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, 2024 December 31, $ $ Deferred tax assets Tax loss carried forward – – Allowance for doubtful receivables – – Total deferred tax assets – – Reversal of deferred tax assets – – Valuation allowance – – Total deferred tax assets, net – – September 30, 2024 December 31, $ $ Deferred tax liabilities Property and equipment, difference in depreciation – – Deferred tax liabilities, net – – The valuation allowance as of September 30, 2024 and December 31, 2023 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, 2024 December 31, 2023 $ $ Balance at beginning of the year 95,844 – Additions of valuation allowance 43,102 95,844 Reductions of valuation allowance – – Balance at the end of the year 138,946 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, 2024, 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, 2024
Related Party Transactions [Abstract]
RELATED PARTY BALANCES AND TRANSACTIONS	Note 15 RELATED PARTY BALANCES AND TRANSACTIONS Due to related parties The balance due to related parties was as follows: Schedule of related party transactions September 30, December 31, (Unaudited) (Audited) $ $ Mr. Yin-Chieh Cheng 21,440 20,803 Mountain Share Transfer, LLC (1) 7,681 7,681 Total 29,121 28,484 Sales The balance of sales with a related party was as following: Related Party Categories September 30, December 31, (Unaudited) (Audited) $ $ Grand Smooth Corporation Limited (2) Same director – 12,498 Total – 12,498 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) 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. (2) 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, 2024
Equity [Abstract]
COMMON STOCK	Note 16 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 13,636,987 11,156,987 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, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	Note 17 SHARE-BASED COMPENSATION On December 27, 2018, Nocera granted Mr. Yin-Chieh Cheng quarterly option awards of 250,000 5,000,000 0.50 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 On June 1, 2020, Nocera granted Mr. Michael A. Littman 50,000 0.50 50,000 1.00 50,000 50,000 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, 2021, the Company issued an aggregate of 505,000 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, 2022 is listed below: Schedule of before and after reverse stock split Before Reverse Stock Split After Reverse Stock Split Series A Warrant 4,000,000 2,666,667 Class A Warrants 1,015,000 676,667 Class B Warrants 650,000 433,334 Class C Warrants 940,000 626,667 Class D Warrants 940,000 626,667 2018 Stock Option and Award Incentive Plan 10,000,000 6,666,667 Total reverse stock split 17,545,000 11,696,669 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 60,000 On October 11, 2023, the Company issued 20,000 The estimated fair value of share-based compensation for employees is recognized as a charge against income on a ratable basis over the requisite service period, which is generally the vesting period of the award. The fair value of stock option grant was estimated on the date of grant using the Black-Scholes option pricing model under the following assumptions: Schedule of assumptions of option pricing September 30, December 31, (Unaudited) (Audited) Dividend yield N/A N/A Risk-free interest rate 3.98 1.16 Expected term (in years) 1 4.31 Volatility 39.32 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, 2024 and year ended December 31, 2023, $ 45,498 163,621 As of September 30, 2024, total unrecognized compensation cost related to unvested share-based compensation awards was $ 0

PREFERRED STOCK

PREFERRED STOCK	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
PREFERRED STOCK	Note 18 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) INCOME PER SHARE

(LOSS) INCOME PER SHARE	9 Months Ended
	Sep. 30, 2024
Loss per share
(LOSS) INCOME PER SHARE	Note 19 (LOSS) INCOME 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, 2024 and 2023. Schedule of loss per share For three months ended September 30, For nine months ended September 30, 2024 2023 2024 2023 (Unaudited) (Audited) (Unaudited) (Audited) $ $ $ $ Numerator: Net loss attributable to the Company (285,418 ) (264,059 ) (1,126,116 ) (1,563,081 ) Denominator: Weighted-average shares outstanding - Basic 13,607,097 10,019,125 13,017,717 9,703,101 - Diluted 13,607,097 10,019,125 13,017,717 9,703,101 Loss per share: - Basic (0.0210 ) (0.0264 ) (0.0865 ) (0.1611 ) - Diluted (0.0210 ) (0.0264 ) (0.0865 ) (0.1611 )

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	Note 20 COMMITMENTS AND CONTINGENCIES Lease Commitment The Company has entered into operating lease agreement for warehouse and processing plant. Future minimum lease payments under non-cancellable operating leases with initial terms within one year is included in Note 12. The total future minimum lease payments under non-cancellable short-term leases as of September 30, 2024 are payable as follows: Future minimum lease payments Lease Commitment $ Within 1 year 3,938 Total 3,938

BUSINESS COMBINATION

BUSINESS COMBINATION	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	Note 21 BUSINESS COMBINATION Schedule of acquired assets and liabilities Zhejiang Xinca Mutual Entertainment Culture Media Co., Ltd. On January 31, 2024, the Company acquired 100% shares of Xinca. The fair values of assets acquired and liabilities assumed were as follows: Cash and bank balance $ 201,863 Other receivables 379,525 Prepaid rent expense 373,623 Goodwill 1,351,703 Plant and equipment, net 58,887 Depreciation (562 ) Advanced from customers (36,404 ) Long-term secured bank loan (36,087 ) Other payables and accrued liabilities (369,737 ) Net assets value 1,922,811 Purchases price $ 1,980,000 Hangzhou SY Culture Media Co. Ltd. On April 14, 2024, the Company acquired 100% shares of SY Culture. The fair values of assets acquired and liabilities assumed were as follows: Cash and bank balance $ 206,663 Other receivables 163,814 Advance to supplier 6,691 Investment 27,284 Other payables and accrued liabilities (755 ) Net assets value 403,697 Purchases price $ 642,000

SUBSEQUENT EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENT	Note 22 SUBSEQUENT EVENT The Company has evaluated subsequent events through the issuance date of the unaudited condensed consolidated financial statements. On October 21, 2024, the Company filed a Form S-3 registration statement, which has not yet become effective. This registration statement allows for the offering and sale of up to $50,000,000 in various securities, including preferred stock, common stock, debt securities, or warrants, either separately or in units. These securities may be offered in one or more transactions at prices and terms to be determined at the time of each offering. The debt securities and warrants are convertible, exercisable, or exchangeable into common stock, preferred stock, or additional debt securities, and the preferred stock may be convertible into or exchangeable for common stock. Other than this event, no additional subsequent events have been identified that would require adjustment or further disclosure in the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Policies)	9 Months Ended
	Sep. 30, 2024
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, 2023 filed with the SEC on September 30, 2024. 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, 2024, its consolidated results of operations for the nine months ended September 30, 2024, cash flows for the nine months ended September 30, 2024 and change in equity for the nine months ended September 30, 2024, as applicable, have been made. Operating results for the nine months ended September 30, 2024 are not necessarily indicative of the operating results that may be expected for the year ending December 31, 2024 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 98 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 98.32 60.11 Customer B – 21.99% Customer C – 16.10% 98.32 98.19
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 goods sold with a period varying from 18 months to 72 months, a majority of which are 18 months, and an exclusive sales agency license to its customers. For performance obligations 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 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 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, 2024
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 98.32 60.11 Customer B – 21.99% Customer C – 16.10% 98.32 98.19

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Schedule of accounts receivable	Schedule of accounts receivable September 30, December 31, (Unaudited) (Audited) $ $ Accounts receivable 100,866 173,395 Less: Allowance for doubtful – – Total 100,866 173,395

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of inventories	Schedule of inventories September 30, December 31, (Unaudited) (Audited) $ $ Raw materials 105,130 88,432 Total 105,130 88,432

PREPAID EXPENSES AND OTHER AS_2

PREPAID EXPENSES AND OTHER ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2024
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 626,450 10,365 Prepaid expenses and other assets, net 626,450 10,365

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment September 30, December 31, (Unaudited) (Audited) $ $ Equipment 1,820,431 1,783,300 Less: Accumulated depreciation (364,953 ) (235,499 ) Property and equipment, net 1,455,478 1,547,801

FINANCIAL ASSETS AT FAIR VALU_2

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Tables)	9 Months Ended
	Sep. 30, 2024
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 208 208,697 Total 208 208,697 Current Non-Current 208 208,697 Total 208 208,697

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2024
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 Goodwill - Xinca 1,351,703 – Goodwill – SY Culture 230,015 – Less: Impairment (2,250,553 ) (2,250,553 ) Goodwill, net 3,236,900 1,655,182
Schedule of customer relations	Schedule of customer relations September 30, December 31, 2024 2023 (Unaudited) (Audited) $ $ Balance b/f 135,325 135,325 Less: Accumulated amortization (33,424 ) (21,196 ) Customer relations, net 101,901 114,129

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other non-current assets	Schedule of other non-current assets September 30, December 31, (Unaudited) (Audited) $ $ Other Non-current Assets 4,589 4,730 Prepaid Rent Expense 5,258 – Deferred Expenses 1,013,597 – Total other non-current assets 1,023,444 4,730

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2024
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 – 487,800 Total secured loan wholly repayable within 1 year – 487,800 Secured loan from Chailease Finance Co., Ltd wholly repayable more than 1 year – – Total – 487,800

WARRANTS (Tables)

WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2024
Warrants
Schedule of assumptions used	Schedule of assumptions used Appraisal Date (Inception Date) C Warrant 2021 D Warrant 2021 (Unaudited) (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) (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 warranty liability activity	Schedule of warranty liability activity September 30, December 31, $ $ Balance at the beginning of period 1,179,768 1,179,768 Warrants issued to investors – – Warrants redeemed – – Fair value change of warrants included in earnings – – Total 1,179,768 1,179,768
Schedule of warrant activity	Schedule of warrant activity Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2024 2,255,146 2.14 3.65 Exercisable at January 1, 2024 2,255,146 2.14 3.65 Granted – – – Exercised / surrendered – – – Expired – – – Outstanding at September 30, 2024 2,255,146 2.14 3.65 Exercisable at September 30, 2024 2,255,146 2.14 3.65

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
Schedule of components of lease expenses	Schedule of components of lease expenses Statement of Income Location Nine months ended September 30, 2024 Nine months ended (Unaudited) (Audited) $ $ Lease Costs Operating lease expense General and administrative expenses 39,707 50,845 Total net lease costs 39,707 50,845

OTHER PAYABLES AND ACCRUED LI_2

OTHER PAYABLES AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of other payables and accrued liabilities	Schedule of other payables and accrued liabilities September 30, December 31, (Unaudited) (Audited) $ $ Salary payable 854 842 Others 56,368 33,251 Total 57,222 34,093

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of income tax components	Schedule of income tax components Three months ended September 30, Nine months ended September 30, 2024 2023 2024 2023 $ $ $ $ Current 509 – (121,871 ) – Deferred – – – – Total income tax expense 509 – (121,871 ) –
Schedule of reconciliation of income tax expense	Schedule of reconciliation of income tax expense Nine months ended September 30, 2024 2023 Taiwan (2021-PRC) income tax statutory rate 20.00 20.00 Tax effect of non-deductible expenses (3.15 ) (1.54 ) Tax effect of stock-based compensation (4.41 ) (10.29 ) Tax effect of non-taxable income – – Impact of different tax rates in other jurisdictions (0.15 ) (0.05 ) Others – – Changes in valuation allowance (12.29 ) (8.11 ) Effective tax rate – –
Schedule of deferred income taxes	Schedule of deferred income taxes September 30, 2024 December 31, $ $ Deferred tax assets Tax loss carried forward – – Allowance for doubtful receivables – – Total deferred tax assets – – Reversal of deferred tax assets – – Valuation allowance – – Total deferred tax assets, net – – September 30, 2024 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, 2024 December 31, 2023 $ $ Balance at beginning of the year 95,844 – Additions of valuation allowance 43,102 95,844 Reductions of valuation allowance – – Balance at the end of the year 138,946 95,844

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Schedule of related party transactions	Schedule of related party transactions September 30, December 31, (Unaudited) (Audited) $ $ Mr. Yin-Chieh Cheng 21,440 20,803 Mountain Share Transfer, LLC (1) 7,681 7,681 Total 29,121 28,484 Sales The balance of sales with a related party was as following: Related Party Categories September 30, December 31, (Unaudited) (Audited) $ $ Grand Smooth Corporation Limited (2) Same director – 12,498 Total – 12,498 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) 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. (2) 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.

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of before and after reverse stock split	Schedule of before and after reverse stock split Before Reverse Stock Split After Reverse Stock Split Series A Warrant 4,000,000 2,666,667 Class A Warrants 1,015,000 676,667 Class B Warrants 650,000 433,334 Class C Warrants 940,000 626,667 Class D Warrants 940,000 626,667 2018 Stock Option and Award Incentive Plan 10,000,000 6,666,667 Total reverse stock split 17,545,000 11,696,669
Schedule of assumptions of option pricing	Schedule of assumptions of option pricing September 30, December 31, (Unaudited) (Audited) Dividend yield N/A N/A Risk-free interest rate 3.98 1.16 Expected term (in years) 1 4.31 Volatility 39.32 48.15

(LOSS) INCOME PER SHARE (Tables

(LOSS) INCOME PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Loss per share
Schedule of loss per share	Schedule of loss per share For three months ended September 30, For nine months ended September 30, 2024 2023 2024 2023 (Unaudited) (Audited) (Unaudited) (Audited) $ $ $ $ Numerator: Net loss attributable to the Company (285,418 ) (264,059 ) (1,126,116 ) (1,563,081 ) Denominator: Weighted-average shares outstanding - Basic 13,607,097 10,019,125 13,017,717 9,703,101 - Diluted 13,607,097 10,019,125 13,017,717 9,703,101 Loss per share: - Basic (0.0210 ) (0.0264 ) (0.0865 ) (0.1611 ) - Diluted (0.0210 ) (0.0264 ) (0.0865 ) (0.1611 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Future minimum lease payments	Future minimum lease payments Lease Commitment $ Within 1 year 3,938 Total 3,938

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of acquired assets and liabilities	Schedule of acquired assets and liabilities Zhejiang Xinca Mutual Entertainment Culture Media Co., Ltd. On January 31, 2024, the Company acquired 100% shares of Xinca. The fair values of assets acquired and liabilities assumed were as follows: Cash and bank balance $ 201,863 Other receivables 379,525 Prepaid rent expense 373,623 Goodwill 1,351,703 Plant and equipment, net 58,887 Depreciation (562 ) Advanced from customers (36,404 ) Long-term secured bank loan (36,087 ) Other payables and accrued liabilities (369,737 ) Net assets value 1,922,811 Purchases price $ 1,980,000 Hangzhou SY Culture Media Co. Ltd. On April 14, 2024, the Company acquired 100% shares of SY Culture. The fair values of assets acquired and liabilities assumed were as follows: Cash and bank balance $ 206,663 Other receivables 163,814 Advance to supplier 6,691 Investment 27,284 Other payables and accrued liabilities (755 ) Net assets value 403,697 Purchases price $ 642,000

PRINCIPAL ACTIVITIES AND ORGA_2

PRINCIPAL ACTIVITIES AND ORGANIZATION (Details Narrative) - USD ($)	Apr. 14, 2024	Jan. 31, 2024	Nov. 30, 2022	Sep. 07, 2022	Dec. 31, 2020
Meixin [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
VIE percent interest owned				80%
Payment for VIE controlling interest				$ 4,300,000
Xinca [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issued for acquisition, shares		1,800,000
VIE percent interest owned		100%
SY Media [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issued for acquisition, shares	600,000
VIE percent interest owned	100%
XFC Sale [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Purchase cash price			$ 300,000
XFC Sale [Member] | Restricted Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Stock issued for acquisition, shares					466,667

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, 2024	Dec. 31, 2023
Customer A [Member]
Product Information [Line Items]
Concentration percentage	98.32%	60.11%
Customer B [Member]
Product Information [Line Items]
Concentration percentage	0%	21.99%
Customer C [Member]
Product Information [Line Items]
Concentration percentage	0%	16.10%
All Customers [Member]
Product Information [Line Items]
Concentration percentage	98.32%	98.19%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICY (Details Narrative)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Seven Customers [Member]
Product Information [Line Items]
Concentration risk	98%	99%

ACCOUNTS RECEIVABLE, NET (Detai

ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Accounts receivable	$ 100,866	$ 173,395
Less: Allowance for doubtful	0	0
Total	$ 100,866	$ 173,395

ACCOUNTS RECEIVABLE (Details Na

ACCOUNTS RECEIVABLE (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Credit Loss [Abstract]
Provision for doubtful accounts	$ 0	$ 0

INVENTORIES (Details)

INVENTORIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 105,130	$ 88,432
Total	$ 105,130	$ 88,432	$ 88,432

INVENTORIES (Details Narrative)

INVENTORIES (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Inventory Disclosure [Abstract]
Inventory, Net	$ 105,130	$ 88,432	$ 88,432

PREPAID EXPENSES AND OTHER AS_3

PREPAID EXPENSES AND OTHER ASSETS, NET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other receivables from third party	$ 626,450	$ 10,365
Prepaid expenses and other assets, net	$ 626,450	$ 10,365	$ 10,365

PREPAID EXPENSES AND OTHER AS_4

PREPAID EXPENSES AND OTHER ASSETS, NET (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expense and Other Assets, Current	$ 626,450	$ 10,365	$ 10,365

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Less: Accumulated depreciation	$ (364,953)	$ (235,499)
Property and equipment, net	1,455,478	1,547,801
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,820,431	$ 1,783,300

PROPERTY AND EQUIPMENT, NET (_2

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expenses	$ 57,567	$ 28,345	$ 112,096	$ 109,953

FINANCIAL ASSETS AT FAIR VALU_3

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Financial assets mandatorily measured at fair value through profit or loss
Funds	$ 208	$ 208,697
Total	208	208,697
Non-Current	208	208,697
Total	$ 208	$ 208,697

FINANCIAL ASSETS AT FAIR VALU_4

FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (Details Narrative)	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Fair value of financial assets through profit or loss	$ 4,268

GOODWILL (Details - Goodwill)

GOODWILL (Details - Goodwill) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Goodwill	$ 3,236,900	$ 1,655,182
Less: Impairment	(2,250,553)	(2,250,553)
Meixin [Member]
Goodwill	3,905,735	3,905,735
Xinca [Member]
Goodwill	1,351,703	0
S Y Culture [Member]
Goodwill	$ 230,015	$ 0

GOODWILL (Details - Customer re

GOODWILL (Details - Customer relations) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Balance b/f	$ 135,325	$ 135,325
Less: Accumulated amortization	(33,424)	(21,196)
Customer relations, net	$ 101,901	$ 114,129

OTHER NON-CURRENT ASSETS (Detai

OTHER NON-CURRENT ASSETS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Other non-current assets	$ 1,023,444	$ 4,730
Other Noncurrent Assets [Member]
Other non-current assets	4,589	4,730
Prepaid Rent Expense [Member]
Other non-current assets	5,258	0
Amortization [Member]
Other non-current assets	$ 1,013,597	$ 0

OTHER NON-CURRENT ASSETS (Det_2

OTHER NON-CURRENT ASSETS (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Other Commitments [Line Items]
Prepaid Expense and Other Assets, Current	$ 626,450	$ 10,365	$ 10,365
Operating Lease, Expense	39,707	$ 50,845
Monthly [Member]
Other Commitments [Line Items]
Prepaid Expense and Other Assets, Current	531
Operating Lease, Expense	$ 478

OTHER BORROWINGS (Details)

OTHER BORROWINGS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Others loans current	$ 0	$ 487,800
Others loans noncurrent	0	487,800
Chailease Finance Co [Member]
Short-Term Debt [Line Items]
Others loans current	0	487,800
Others loans noncurrent	$ 0	$ 0

WARRANTS (Details - Assumptions

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

WARRANTS (Details - Warrant lia

WARRANTS (Details - Warrant liability) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Warrants
Balance at the beginning of period	$ 1,179,768	$ 1,179,768
Warrants issued to investors	0	0
Warrants redeemed	0	0
Fair value change of warrants included in earnings	0	0
Total	$ 1,179,768	$ 1,179,768

WARRANTS (Details - Warrant act

WARRANTS (Details - Warrant activity) - Warrant [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of warrants outstanding, Beginning balance	2,255,146
Average exercise price, outstanding beginning	$ 2.14
Weighted average remaining contractural term, warrants outstanding	3 years 7 months 24 days	3 years 7 months 24 days
Number of warrants, exercisable	2,255,146
Average exercise price, warrants exercisable, price per share	$ 2.14
Weighted average remaining contractural term, warrants exercisable	3 years 7 months 24 days	3 years 7 months 24 days
Number of warrants, granted	0
Average exercise price, warrants granted, price per share	$ 0
Number of warrants, exercised / surrendered	0
Average exercise price, warrants exercised / surrendered, price per share	$ 0
Number of warrants, expired	0
Average exercise price, warrants expired, price per share	$ 0
Number of warrants, outstanding, ending balance	2,255,146	2,255,146
Average exercise price, outstanding ending	$ 2.14	$ 2.14
Number of warrants, exercisable	2,255,146	2,255,146
Average exercise price, warrants exercisable, price per share	$ 2.14	$ 2.14

WARRANTS (Details Narrative)

WARRANTS (Details Narrative) - USD ($)	Sep. 23, 2022	Aug. 11, 2022	Sep. 27, 2021	Apr. 01, 2021
Reverse stock split		2:3 reverse stock split
2022 Public Offering [Member]
Stock issued new, shares		1,880,000
Proceeds from the sale of equity		$ 5,300,000
2022 Public Offering [Member] | Underwriters [Member]
Warrants issued	282,000
Proceeds from warrants issued	$ 2,820
Public Offering [Member]
Stock issued new, shares		1,880,000
Gross proceeds		$ 6,580,000
Proceeds from the sale of equity		$ 5,300,000
Class C Warrant [Member]
Warrants issued			80,000	80,000
Warrants outstanding		53,334
Warrants exercise price		$ 3.75
Class D Warrant [Member]
Warrants issued			80,000	80,000
Warrants outstanding		53,334
Warrants exercise price		$ 7.50

LEASES (Details - Lease costs)

LEASES (Details - Lease costs) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases
Operating lease expense	$ 39,707	$ 50,845
Total net lease costs	$ 39,707	$ 50,845

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Office Lease And Fish Farming Containers [Member]
Operating lease liability	$ 0	$ 0

OTHER PAYABLES AND ACCRUED LI_3

OTHER PAYABLES AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Salary payable	$ 854	$ 842
Others	56,368	33,251
Total	$ 57,222	$ 34,093

INCOME TAXES (Details - Income

INCOME TAXES (Details - Income tax expense) - TAIWAN - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Current	$ 509	$ 0	$ (121,871)	$ 0
Deferred	0	0	0	0
Total income tax expense	$ 509	$ 0	$ (121,871)	$ 0

INCOME TAXES (Details - Reconci

INCOME TAXES (Details - Reconciliation of income tax)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Taiwan (2021 - PRC) income tax statutory rate	20%	20%
Tax effect of non-deductible expenses	(3.15%)	(1.54%)
Tax effect of stock-based compensation	(4.41%)	(10.29%)
Tax effect of non-taxable income	0%	0%
Impact of different tax rates in other jurisdictions	(0.15%)	(0.05%)
Others	0%	0%
Changes in valuation allowance	(12.29%)	(8.11%)
Effective tax rate	0%	0%

INCOME TAXES (Details - Deferre

INCOME TAXES (Details - Deferred taxes) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deferred tax assets
Tax loss carried forward	$ 0	$ 0
Allowance for doubtful receivables	0	0
Total deferred tax assets	0	0
Reversal of 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, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Valuation allowance, beginning balance	$ 95,844	$ 0
Additions to valuation allowance	43,102	95,844
Reductions in valuation allowance	0	0
Valuation allowance, ending balance	$ 138,946	$ 95,844

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2019
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
GILTI Amount	$ 152,829
Effective income tax rate	0%	0%
UNITED STATES
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective income tax rate including GILTI	10.50%
Net operating loss carryforwards			$ 99,817
PRC [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective income tax rate	25%
CHINA | Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
VAT tax rate	16%
CHINA | Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
VAT tax rate	13%
TAIWAN
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
VAT tax rate	5%

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Details - Due to related parties) - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Due to related parties		$ 29,121	$ 28,484
Due from related parties		0	12,498
Mr Yin Chieh Cheng [Member]
Related Party Transaction [Line Items]
Due to related parties		21,440	20,803
Mountain Share Transfer LLC [Member]
Related Party Transaction [Line Items]
Due to related parties	[1]	7,681	7,681
Grand Smooth Corporation Limited [Member]
Related Party Transaction [Line Items]
Due from related parties	[2]	$ 0	$ 12,498
[1]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.[2]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 (Details Narrative

COMMON STOCK (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Aug. 11, 2022	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Dec. 31, 2023
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 issued		13,636,987				11,156,987
Common stock, shares outstanding		13,636,987				11,156,987
Public Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock issued shares	1,880,000
Gross proceeds	$ 6,580
Proceeds received	$ 5,300
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common stock, shares issued	10,707,150
Common stock, shares outstanding	7,138,587
Common stock issued shares		80,000	600,000	1,800,000	325,708

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details - Shares outstanding)	Aug. 11, 2022 shares
Before Reverse Stock Split [Member] | Series A Warrant [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	4,000,000
Before Reverse Stock Split [Member] | Class A Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	1,015,000
Before Reverse Stock Split [Member] | Class B Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	650,000
Before Reverse Stock Split [Member] | Class C Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	940,000
Before Reverse Stock Split [Member] | Class D Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	940,000
Before Reverse Stock Split [Member] | Stock Option And Award Incentive Plan 2018 [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	10,000,000
Before Reverse Stock Split [Member] | All Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	17,545,000
After Reverse Stock Split [Member] | Series A Warrant [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	2,666,667
After Reverse Stock Split [Member] | Class A Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	676,667
After Reverse Stock Split [Member] | Class B Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	433,334
After Reverse Stock Split [Member] | Class C Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	626,667
After Reverse Stock Split [Member] | Class D Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	626,667
After Reverse Stock Split [Member] | Stock Option And Award Incentive Plan 2018 [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	6,666,667
After Reverse Stock Split [Member] | All Warrants [Member]
Nonmonetary Transaction [Line Items]
Total reverse stock split	11,696,669

SHARE-BASED COMPENSATION (Det_2

SHARE-BASED COMPENSATION (Details - Assumptions)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate	3.98%	1.16%
Expected term (in years)	1 year	4 years 3 months 21 days
Volatility	39.32%	48.15%

SHARE-BASED COMPENSATION (Det_3

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

9 Months Ended

12 Months Ended

Dec. 05, 2023

Oct. 11, 2023

Jul. 31, 2023

Mar. 22, 2023

Dec. 22, 2022

Dec. 31, 2021

Dec. 01, 2021

Aug. 11, 2021

Jun. 01, 2020

Dec. 27, 2018

Sep. 30, 2024

Dec. 31, 2023

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

Adjustments to APIC for share based compensation

$ 45,498

$ 163,621

Unrecognized compensation cost unvested share-based compensation

$ 0

Mr 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

Exercise price

$ 0.50

Mr. Shun-Chih Chuang [Member] | Class A Warrant [Member]

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

Warrants granted

75,000

50,000

Exercise price

$ 0.50

$ 0.50

Mr. Hsien-Wen [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

70,000

50,000

Exercise price

$ 0.50

$ 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

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

Exercise price

$ 1

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

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

Warrants exercised, shares

50,000

Mr. Littman [Member] | Class B Warrant [Member]

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

Warrants exercised, shares

50,000

Chuang And Five Consultants [Member]

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

Stock issued for services, shares

505,000

Chen-Chun Chung [Member]

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

Stock issued for services, shares

150,000

TraDigital [Member]

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

Stock issued for services, shares

75,000

Hanover International, Inc. [Member]

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

Stock issued for services, shares

450,000

Mr. Andy Chin An Jin [Member] | Restricted Stock [Member]

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

Restricted stock granted, shares

240,000

Restricted stock issued, shares

60,000

Mr. Nick Chang [Member]

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

Stock issued for services, shares

20,000

PREFERRED STOCK (Details Narrat

PREFERRED STOCK (Details Narrative) - $ / shares	Aug. 11, 2022	Sep. 30, 2024	Dec. 31, 2023	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
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued		80,000	80,000	80,000

(LOSS) INCOME PER SHARE (Detail

(LOSS) INCOME PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net loss attributable to the Company	$ (285,418)	$ (264,059)	$ (1,126,116)	$ (1,563,081)
Weighted-average shares outstanding
Weighted-average shares outstanding, Basic	13,607,097	10,019,125	13,017,717	9,703,101
Weighted-average shares outstanding, Diluted	13,607,097	10,019,125	13,017,717	9,703,101
Loss per share:
Loss per share, Basic	$ (0.0210)	$ (0.0264)	$ (0.0865)	$ (0.1611)
Loss per share, Diluted	$ (0.0210)	$ (0.0264)	$ (0.0865)	$ (0.1611)

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - Warehouse And Processing Plant [Member]	Sep. 30, 2024 USD ($)
Within 1 year	$ 3,938
Total	$ 3,938

Schedule of acquired assets and

Schedule of acquired assets and liabilities (Details) - USD ($)		2 Months Ended
	Apr. 14, 2024	Apr. 14, 2024	Sep. 30, 2024	Jan. 31, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 3,236,900		$ 1,655,182
Zhejiang Xinca Mutual Entertainment Culture Media [Member]
Business Acquisition [Line Items]
Cash and bank balance				$ 201,863
Other receivables				379,525
Advance to supplier				373,623
Goodwill				1,351,703
Plant and equipment, net				58,887
Depreciation				(562)
Advanced from customers				(36,404)
Long-term secured bank loan				(36,087)
Other payables and accrued liabilities				(369,737)
Net assets value				$ 1,922,811
Hangzhou S Y Culture Media [Member]
Business Acquisition [Line Items]
Cash and bank balance	$ 206,663	$ 206,663
Other receivables	163,814	163,814
Advance to supplier	6,691	6,691
Other payables and accrued liabilities	(755)	(755)
Net assets value	403,697	403,697
Purchase price	642,000	1,980,000
Investment	$ 27,284	$ 27,284