secwatch.observer — SEC 8-K summary
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Issuer:     NOCERA, INC. (NCRA)
CIK:        0001756180
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001683168-25-002271
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756180/000168316825002271/0001683168-25-002271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756180/000168316825002271/nocera_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002271

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