Nocera restates 2024 quarterly financials; warrant liability overstated by 70%

NOCERA, INC.

Board concludes unaudited Q1-Q3 2024 financials should no longer be relied upon due to material errors.
Failed to recognize $552,173 decrease in warrant liability fair value; total liabilities overstated by ~35%.
Reported net loss of $1.16M for 2024 materially impacted; restated financials in 10-K due by April 15, 2025.
Material weakness in internal control over financial reporting identified; disclosure controls ineffective.
Discussed with independent auditor Enrome LLP; restated figures to be included in 2024 Form 10-K.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.