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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Product sales $ 561,818 $ 275,769 $ 3,373,380 $ 542,728
Product sales - related parties 16,940 37,914 22,940 95,517
Manufacturing service 6,653 63,538 33,248 224,813
Kiosk Revenues 6,824 0 8,890 0
Consulting services - related parties 0 47,950 0 47,950
Total revenues 592,235 425,171 3,438,458 911,008
Cost of sales 598,627 315,281 2,795,661 613,784
Gross profit from operations (6,392) 109,890 642,797 297,224
General and administrative 791,562 107,891 1,758,561 736,812
General and administrative, related parties 45,000 283,973 195,000 403,973
Sales and marketing 200,976 31,815 685,086 96,638
Research and development 0 0 0 0
Total operating expenses 1,037,538 423,679 2,638,647 1,237,423
Operating loss (1,043,930) (313,789) (1,995,850) (940,199)
Other income (expense):        
Interest expense, net (3,684) (3,513) (13,080) (206,145)
Other expense, net (1,859) (50,001) (15,109) (50,359)
Income before income taxes (1,049,473) (367,303) (2,024,039) (1,196,703)
Provision for income taxes 0 0 0 0
Net loss (1,049,473) (367,303) (2,024,039) (1,196,703)
Net loss attributable to non-controlling interests 617 0 2,200 0
Net loss attributable to Hempacco Co., Inc. (1,048,856) (367,303) (2,021,839) (1,196,703)
Dividends issued to preferred stockholders 0 0 0 757,479
Net loss attributable to common shareholders $ (1,048,856) $ (367,303) $ (2,021,839) $ (1,954,182)
Basic and dilutive earnings per share $ (0.05) $ (0.02) $ (0.10) $ (0.12)
Shares outstanind - basic and diluted: 21,689,509 18,395,532 20,421,159 16,072,448