XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Revenues:            
Product sales $ 1,305,254 $ 561,818 $ 1,950,460 $ 3,373,380 $ 3,861,205 $ 805,969
Product sales, related parties 11,709 16,940 32,028 22,940 60,626 139,114
Manufacturing service revenue 9,049 6,653 22,487 33,248 43,409 242,190
Kiosk revenue 0 6,824 0 8,890 0 0
Consulting services, related parties         2,100 0
Total Revenues 1,326,012 592,235 2,004,975 3,438,458 3,967,340 1,187,273
Cost of Sales            
Cost of sales 1,349,631 598,627 2,227,521 2,795,661 3,724,498 850,901
Cost of sales, related parties 414,374 0 490,260 0 3,796  
Total Cost of Sales 1,764,005 598,627 2,717,781 2,795,661 3,728,294 850,901
Gross Profit (Loss) from Operations 437,993 6,392 (712,806) 642,797 239,046 336,372
Operating expenses:            
General and administrative 1,037,790 791,562 2,770,482 1,758,561 2,639,285 981,676
General and administrative, related parties 135,454 45,000 403,963 195,000 606,842 469,259
Sales and marketing 306,505 200,976 668,227 685,086 858,296 542,680
Sales and marketing, related parties 29,794 0 79,881 0 26,660  
Expensing of related party advances and loans 166,267 0 1,487,042 0 1,470,522  
Impairment loss on equipment and trademarks         1,721,663  
Research and development         0 2,090
Total Operating Expenses 1,675,810 1,037,538 5,409,595 2,638,647 7,323,268 1,995,705
Net Operating Loss 2,113,803 1,043,930 (6,122,401) (1,995,850) (7,084,222) (1,659,333)
Other income (expense):            
Interest expense 82,109 3,684 (88,871) (13,080)    
Interest expense, net         (47,265) (209,676)
Other income and expense 36,977 1,859 (11,521) (15,109) (3,470) (1,666)
Total Other Income (Expense) 119,086 5,543 (100,392) (28,189)    
Net Loss before equity investment 2,232,889 1,049,473 (6,222,793) (2,024,039)    
Income before income taxes         (7,134,957) (1,870,675)
Provision for income taxes         0 0
Share of net losses of equity method investee 28,619 0 28,619 0    
Net Loss 2,261,508 1,049,473 6,251,412 (2,024,039) (7,134,957) (1,870,675)
Net profit/(loss) attributable to non-controlling interests (50,995) (617) (73,486) (2,200) (131,123) (14,250)
Net Loss Attributable to Hempacco Co., Inc. $ 2,210,513 $ 1,048,856 $ (6,177,926) $ (2,021,839)    
Dividends issued to preferred stockholders           757,479
Net profit/(loss) attributable to Hempacco Co., Inc.         (7,003,834) (1,856,425)
Net loss attributable to common shareholders         $ (7,003,834) $ (2,613,904)
Basic and Dilutive Loss per Share $ 0.08 $ 0.05 $ (0.22) $ (0.10) $ (0.33) $ (0.18)
Shares Used in Calculating Loss per Share 28,524,410 22,468,140 27,575,488 20,670,278 21,393,862 14,641,224