This restatement is a severe negative signal for a $5M market cap company. Expect heightened volatility and potential Nasdaq listing qualification issues. Monitor for shareholder lawsuits, further auditor scrutiny, and any going-concern disclosure in upcoming filings.
Price Chart
Executive Summary
Nocera, Inc. filed an 8-K announcing that its previously issued financial statements for FY2024, FY2025, and interim periods in 2025 can no longer be relied upon due to accounting errors. The restatement involves a $1.35M goodwill reduction, a $2.6M net sales reduction for FY2025, and multiple balance sheet reclassifications, with the company citing material weaknesses in internal controls. For a micro-cap with a $5M market cap, this is a severe credibility event that raises the risk of Nasdaq delisting and shareholder litigation.
Key Facts
- Non-reliance on financial statements for FY2024, FY2025, and Q1-Q3 2025
- Goodwill reduced by approximately $1,351,703 in restated 2024 financials
- FY2025 net sales reduced by approximately $2,597,349
- Aggregate increase in accumulated losses of approximately $2,096,572 as of Dec 31, 2024
- Company has previously disclosed material weaknesses in internal controls
- Auditor is SFAI Malaysia PLT; no auditor change reported
- Market cap is approximately $5M, amplifying the impact of the restatement
Financial Impact
Goodwill reduced by ~$1.35M; FY2025 net sales reduced by ~$2.6M; accumulated losses increased by ~$2.1M; multiple balance sheet reclassifications totaling ~$666K
Risk Factors
- Nasdaq delisting risk due to filing and internal control deficiencies
- Shareholder class action lawsuits are highly probable
- Potential going-concern qualification in next audit
- Further restatements or errors may emerge from ongoing remediation
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-006537 |
| Document: 0001683168-26-006537-index-headers.html | 0001683168-26-006537 |
| Document: 0001683168-26-006537-index.html | 0001683168-26-006537 |
| Document: 0001683168-26-006537.txt | 0001683168-26-006537 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | 10-Q/A | $1.64 $1.78 | ▼ −8.54% | ▼ −8.11% | $1.46 (+10.98%) |
Sep 23, 2026 4w ago | Press Release | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.46 (−20.65%) |
Sep 23, 2026 4w ago | 8-K | $1.84 $1.80 | ▼ −2.17% | ▼ −1.50% | $1.46 (−20.65%) |
Aug 28, 2026 8w ago | 10-K/A / 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.46 (+48.41%) |
Aug 28, 2026 8w ago | 10-Q/A | $2.83 $1.75 | ▲ +38.16% | ▲ +38.02% | $1.46 (+48.41%) |
Aug 19, 2026 9w ago | 8-K | $1.97 $1.75 | ▲ +11.17% | ▲ +12.28% | $1.46 (+25.89%) |
Aug 17, 2026 10w ago | 8-K | $2.10 $1.74 | ▲ +17.14% | ▲ +16.94% | $1.46 (+30.48%) |
Aug 13, 2026 10w ago | 8-K | $2.31 $1.91 | ▼ −17.32% | ▼ −15.95% | $1.46 (−36.80%) |
Jul 8, 2026 15w ago | 8-K | $1.64 $1.44 | ▼ −12.20% | ▼ −12.06% | $1.46 (−10.98%) |
Jun 16, 2026 19w ago | Press Release | $0.1200 $0.0920 | ▼ −23.33% | ▼ −21.06% | $1.46 (+1116.67%) |
US Market Status
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