Nocera Inc (NCRA) is a food and e-commerce company that operates two segments: Fish Trading and E-Commerce. The Fish Trading segment, conducted through its wholly-owned subsidiary Nocera Inc. Taiwan Branch, generates revenue by trading fish, primarily eels, in Taiwan. Upon receiving an order, the company arranges harvesting, inspects products for compliance with customer specifications, and coordinates delivery. The E-Commerce segment, administered through an unincorporated division called Xinca, earns commission revenue by acting as an agent facilitating the sale of third-party products through live-streaming e-commerce platforms. Because the company does not take control of goods sold in that segment, commission revenue is recognized on a net basis. Nocera is incorporated in Nevada and operates primarily in Taiwan. As of the 10-K filed April 15, 2026, the company carries goodwill of $496,010 and property and equipment net of $286,351, reflecting a limited asset base consistent with its small-company profile.

Revenue model

Two revenue streams: product revenue from eel trading in Taiwan (transactional, based on order fulfillment) and net commission revenue from live-streaming e-commerce platform sales where the company acts as agent and does not take title to goods.

Products and services

Eel trading (Fish Trading segment via Nocera Inc. Taiwan Branch); agent-facilitated third-party product sales through live-streaming e-commerce platforms (E-Commerce segment via Xinca division).

Customers and end markets

Fish buyers in Taiwan for the eel trading segment. Consumers purchasing third-party products through live-streaming e-commerce platforms for the Xinca segment. Specific customer counts and concentration data are not disclosed in the filing excerpts.

Value-chain role

In Fish Trading, the company acts as a trading intermediary: it sources, inspects, and coordinates delivery of eels but does not appear to own aquaculture facilities as a primary function. In E-Commerce, it acts as a pure agent, facilitating transactions on live-streaming platforms without taking control of inventory.

Geographic exposure

Operations are primarily in Taiwan (Fish Trading segment). The E-Commerce segment is administered through a division of the U.S.-incorporated parent. No other material geographies are disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-04-15

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