The following discussion and analysis of the results of operations and financial condition of the Company are for the periods ended September 30, 2021 and 2020. Such discussion and analysis should be read in conjunction with our financial statements and the related notes thereto and other financial information contained elsewhere in this report.





Business Overview

HAHA Generation Corp. (the "Company") was incorporated on September 10, 2014 in the State of Nevada. The Company is considered a shell company and has conducted limited business operations and had no revenues from operations since its inception. The Company's business plan was to distribute fabrics that were made out of silicon crystals. The Company intends to acquire a business entity focusing on technology research business for electric vehicle motor technology in the energy saving sector.





Results of Operations

For the Three Months Ended September 30, 2021 and 2020

Net Revenues: We did not generate any revenue for the three months ended September 30, 2021 and 2020. We have had limited business operations since incorporation.

General and Administrative Expenses: General and administrative expenses primarily consist of legal, accounting, and professional service fees. General and administrative expenses was $6,595 for the three months ended September 30, 2021, as compared to $9,595 for the three months ended September 30, 2020, representing a decrease of $3,000 or 31.27%, The decrease in those expenses was primarily attributable to the decrease in legal, accounting, and professional service fees.

Loss from Operations: Loss from operations was $6,595 for the three months ended September 30, 2021, as compared to $9,595 for the three months ended September 30, 2020, representing a decrease of $3,000 or 31.27%. Such decrease was primarily attributable to the decrease in general and administrative expenses.

Net Loss: As a result of the above factors, our net loss was $6,595 for the three months ended September 30, 2021, as compared to a net income of $9,585 for the three months ended September 30, 2020, representing a decrease of $2,990 or 31.19%. The decrease was a result of the reasons described above.

For the Nine Months Ended September 30, 2021 and 2020

Net Revenues: We did not generate any revenue for the nine months ended September 30, 2021 and 2020. We have had limited business operations since incorporation.

General and Administrative Expenses: General and administrative expenses primarily consist of legal, accounting, and professional service fees. General and administrative expenses was $25,860 for the nine months ended September 30, 2021 as compared to $28,821 for the nine months ended September 30, 2020, representing a decrease of $2,961 or 10.27%. The decrease in those expenses was primarily attributable to the decrease in legal, accounting, and professional service fees.






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Loss from Operations: Loss from operations was $25,860 for the nine months ended September 30, 2021 as compared to $28,821 for the nine months ended September 30, 2020, representing a decrease of $2,961 or 10.27%. Such decrease was mainly due to the decrease in general and administrative expenses.

Net Loss: Net loss was $25,860 for the nine months ended September 30, 2021, as compared to $28,811 for the nine months ended September 30, 2020, representing a decrease of $2,951, or 10.24%. The decrease in net loss was a result of the reasons described above.

Liquidity and Capital Resources

As of September 30, 2021, we had a working capital deficit of $90,356 as compared to the working capital deficit of $64,496 as of December 31, 2020. Cash and cash equivalents were $855 at September 30, 2021 and $4,001 at December 31, 2020.

Net cash used in operating activities was $3,146 during the nine months ended September 30, 2021, compared to $8,236 during the nine months ended September 30, 2020, representing a decrease of $5,090. The decrease in net cash used in operating activities was primarily attributable to the increase in accrued expense.

We did not have net cash flow provided by (used in) investing and financing activities during the nine months ended September 30, 2021 and 2020.

Net change in cash and cash equivalents was a decrease of $3,146 for the nine months ended September 30, 2021, compared to a decrease of $8,236 for the nine months ended September 30, 2020.

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