The following discussion and analysis of the results of operations and financial condition of the Company are for the periods ended September 30, 2020 and 2019. 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, 2020 and 2019

Net Revenues: We did not generate any revenue for the three months ended September30, 2020 and 2019. 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 $9,595 for the three months ended September 30, 2020, as compared to $9,636 for the three months ended September 30, 2019, representing a decrease of $41 or 0.43%, The decrease in those expenses was primarily attributable to the decrease in bank charge fee.

Loss from Operations: Loss from operations was $9,595 for the three months ended September 30, 2020, as compared to $9,636 for the three months ended September 30, 2019, representing a decrease of $41 or 0.43%. Such decrease was primarily attributable to the decrease in general and administrative expenses.

Other Income (Expenses): Other income (expenses) was $10 for the three months ended September 30, 2020, as compared to $0 for the three months ended September 30, 2019, representing an increase of $10, or 100%. Such increase was due to the bank deposit interest income.

Net Loss: As a result of the above factors, our net loss was $9,585 for the three months ended September 30, 2020, as compared to a net loss of $9,636 for the three months ended September 30, 2019, representing a decrease of $51, or 0.53%. The decrease was a result of the reasons described above.

For the Nine Months Ended September 30, 2020 and 2019

Net Revenues: We did not generate any revenue for the nine months ended September 30, 2020 and 2019. 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 $28,821 for the nine months ended September 30, 2020, as compared to $52,655 for the nine months ended September 30, 2019, representing a decrease of $23,834 or 45.26%. Such decrease was mainly attributable to the termination of consultant service.

Loss from Operations: Loss from operations was $28,821 for the nine months ended September 30, 2020, as compared to $52,655 for the nine months ended September 30, 2019, representing a decrease of $23,834 or 45.26%. Such decrease was primarily due to the decrease in general and administrative expenses.






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Other Income: Other income was $10 for the nine months ended September 30, 2020, as compared to $58,737 for the nine months ended September 30, 2019, representing a decrease of $58,727, or 99.98%. Such decrease was mainly because one of our consultants agreed to forgive the unpaid balance of $60,000 and we recorded the gain on forgiveness of debt as other income during the nine months ended September 30, 2019.

Net Income (Loss): As a result of the above factors, our net income (loss) was $(28,811) for the nine months ended September 30, 2020, as compared to a net income of $6,082 for the nine months ended September 30, 2019, representing a decrease of $34,893, or 573.71%. The decrease was a result of the reasons described above.

Liquidity and Capital Resources

As of September 30, 2020, we had working deficit of $61,902 as compared to working deficit of $33,091 as of December 31, 2019. Cash and cash equivalents were $1,736 at September 30, 2020 and $9,972 at December 31, 2019.

Net cash used in operating activities was $8,236 during the nine months ended September 30, 2020, as compared to $25,652 for the nine months ended September 30, 2019, representing a decrease of $17,416. The decrease in net cash used in operating activities was primarily attributable to the decrease in gain on forgiveness debt and the increase in due to shareholders, partially offset by the increase in net loss and the decrease in accrued expenses.

We did not have net cash flow provided by (used in) investing and financing activities during the nine months ended September 30, 2020 and 2019.

Net change in cash and cash equivalents was a decrease of $8,236 for the nine months ended September 30, 2020, compared to a decrease of $25,652 for the nine months ended September 30, 2019.





Critical Accounting Policies

The financial statements of the Company as of September 30, 2020 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the SEC.





Going Concern

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. As of September 30, 2020, the Company has not emerged from the development stage and had limited operations. In view of these matters, the Company's ability to continue as a going concern is dependent upon the Company's ability to begin operations and to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from a loan commitment of $100,000 from Fang-Ying Liao, our president and sole director, which commitment is for 24 months, and all amounts lent by Ms. Fang-Ying Liao pursuant to that commitment shall not accrue interest and shall be payable on demand; provided however, such demand will not be made prior to the expiration of that 12-month period after the date of that commitment, which was April 1, 2020. The financial statements of the Company did not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. As shown in the accompanying financial statements, the Company has incurred net loss of $28,811 for the nine months ended September 30, 2020, and had an accumulated deficit of $651,771 as of September 30, 2020. These conditions raise substantial doubt about the Company's ability to continue as a going concern.

The Company faces all the risks common to companies at development stage, including capitalization and uncertainty of funding sources, high initial expenditure levels, uncertain revenue streams, and difficulties in managing growth. The Company's losses raise substantial doubt about its ability to continue as a going concern. The Company's financial statements do not reflect any adjustments that might result from the outcome of this uncertainty.

The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its planned business. The Company plans to seek additional funds through private placements of its equity securities and/or capital contributions and loans from officer and director. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The financial statements included in the registration statement of which this prospectus is a part do not include any adjustments that might occur from this uncertainty.






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Recent Accounting Pronouncements

In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement. The ASU modifies the disclosure requirements in Topic 820, Fair Value Measurement, by removing certain disclosure requirements related to the fair value hierarchy, modifying existing disclosure requirements related to measurement uncertainty and adding new disclosure requirements, such as disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. This ASU is effective for public companies for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. The Company is currently evaluating the effect, if any, that the ASU will have on its financial statements.

In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes, as part of its initiative to reduce complexity in accounting standards. The amendments in the ASU are effective for fiscal years beginning after December 15, 2020, including interim periods therein. Early adoption of the standard is permitted, including adoption in interim or annual periods for which financial statements have not yet been issued. The Company is currently evaluating the effect, if any, that the ASU will have on its financial statements.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.

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