10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)
☒	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED  March 31, 2016

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

FOR THE TRANSITION PERIOD FROM __________ TO __________

COMMISSION FILE NUMBER 333-207458

HAHA Generation Corp.

(Exact name of registrant as specified in its charter)

Nevada (State or other jurisdiction of incorporation or organization) 32-0442871 (I.R.S. Employer Identification No.)

4F, No. 132, Songshan Road, Xinyi District

Taipei City, 110, Taiwan (Republic of China)

 (Address of principal executive offices, Zip Code)

011-886-227492597

 (Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Copies to:

Thomas E. Stepp, Jr.Stepp Law Corporation15707 Rockfield Boulevard, Suite 101Irvine, California 92618Phone: (949) 660-9700 ext. 124 Fax: (949) 660-9010

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒   No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes x No ☐

 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,”  “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐Accelerated filer o

Non-accelerated filer oSmaller reporting company ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒  No ☐

The number of shares of registrant’s common stock outstanding, as of May 14, 2016, is 299,656.

TABLE OF CONTENTS

	Page
PART I - FINANCIAL INFORMATION
Item 1.       Financial Statements		1
Item 2.       Management’s Discussion and Analysis of Financial Condition and Results of Operation		9
Item 3.       Quantitative and Qualitative Disclosures About Market Risk		10
Item 4.       Controls and Procedures		10
PART II - OTHER INFORMATION
Item 1.       Legal Proceedings		10
Item 2.       Unregistered Sales of Equity Securities and Use of Proceeds		10
Item 3.       Defaults Upon Senior Securities		10
Item 4.       Mine Safety Disclosures		10
Item 5.       Other Information		11
Item 6.       Exhibits		11
SIGNATURES		12

PART I – FINANCIAL INFORMATION

Item 1.  Financial Statements

CONTENTS
	Page
Balance Sheets	2
Statements of Operations	3
Statements of Cash Flows	4
Notes to Financial Statements	5-8

1

HAHA GENERATION CORP.

BALANCE SHEETS

	March 31,			December 31,
	2016			2015
	(Unaudited)
Assets
Current Assets
Cash and cash equivalents	$	72,724		$	3,369
Total current assets		72,724			3,369
Total Assets	$	72,724		$	3,369
Liabilities and Stockholders’ Equity
Current Liabilities
Accrued expense		22,533			-
Other payable		69,355			-
Due to related parties		3,186			3,186
Total current liabilities		95,074			3,186
Total liabilities		95,074			3,186
Stockholders’ Equity
Common stock, $0.1 par value; 750,000 shares authorized, 210,281 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively		21,028			21,028
Additional paid-in capital		180,253			180,253
Accumulated deficits		(223,631	)		(201,098	)
Total stockholders’ equity (deficit)		(22,350	)		183
Total Liabilities and Stockholders’ Equity	$	72,724		$	3,369

The accompanying notes to financial statements are an integral part of these statements.

2

HAHA GENERATION CORP.

STATEMENT OF OPERATIONS

FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015

(UNAUDITED)

	Three Months ended
	March 31, 2016			March 31, 2015
Net revenue	$	-		$	-
General and administrative expenses		22,533			10
Loss from operations		(22,533	)		(10	)
Loss before income taxes		(22,533	)		(10	)
Provision for income taxes		-			-
Net loss	$	(22,533	)	$	(10	)
Net loss per share
Basic and diluted	$	(0.11	)	$	(0.00	)
Weighted Average Shares Outstanding
Basic and diluted		210,281			207,281

The accompanying notes to financial statements are an integral part of these statements.

3

HAHA GENERATION CORP.

STATEMENT OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2016 AND 2015

(UNAUDITED)

	Three Months ended
	March 31, 2016			March 31, 2015
Cash Flows from Operating Activities
Net loss	$	(22,533	)	$	(10	)
Changes in assets and liabilities:
Decrease (Increase) in other receivable		-			96,814
Increase (Decrease) in accrued expenses		22,533			(96,814	)
Increase (Decrease) in other payable		69,355			-
Net cash provided by (used in) operating activities		69,355			(10	)
Net increase(decrease) in cash and cash equivalents		69,355			(10	)
Cash and Cash Equivalents
Beginning		3,369			378
Ending	$	72,724		$	368
Supplemental Disclosure of Cash Flows
Cash paid during the year for:
Interest	$	-		$	-
Income taxes	$	-		$	-

The accompanying notes to financial statements are an integral part of these statements.

4

HAHA GENERATION CORP.

NOTES TO FINANCIAL STATEMENTS MARCH 31, 2016

(UNAUDITED)

NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited financial statements, footnote disclosures, and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Organization

HAHA Generation Corp., a company in the developmental stage (the “Company”), was incorporated on June 10, 2014 in the State of Nevada. The Company has conducted limited business operations and had no revenues from operations since its inception. The Company‘s business plan is to distribute fabrics that were made out of silicon crystals.

Going Concern

These financial statements were prepared on the basis of accounting principles applicable to going concern, which assumes the realization of assets and discharge of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had an accumulated deficit of $223,631 and $201,098 as of March 31, 2016 and December 31, 2015, respectively, and it had no revenue from operations.

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 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 Hsuan-Hsien Liao, our President and sole director, which commitment is for 12 months, and all amounts lent by Ms. Liao pursuant to that commitment shall not accrue interest and shall be payable on demand; provided however, such command will not be made prior to the expiration of that 12 month period after the date of that commitment, which date was March 31, 2016.

5

 

The Company believes its current and future plans enable it to continue as a going concern. The Company's ability to achieve these objectives cannot be determined at this time. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts which may differ from those in the accompanying financial statements.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2016 and December 31, 2015, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented 

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. The deferred income tax assets were $0 as of both March 31, 2016 and December 31, 2015.

Reclassifications

Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.

6

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

NOTE 2. OTHER PAYABLE

In March 2016, the Company received $69,355 from three potential investors for purchase of common stocks. As of March 31, 2016, the Company did not issue the common stock shares. The proceeds were returned to the investors in April 2016.

NOTE 3. DUE TO RELATED PARTY

From March 2014 to the present, Hsuan-Hsien Liao, our President and sole director, has been the marketing director for, and a member of the Board of Directors of, Shinin Silica Co., Ltd., “Shinin Silica”, a Taiwanese Company. On November 25, 2014, the Company entered a tentative agreement with Shinin Silica for a business cooperation. The agreement was canceled and the prepayment was returned in excess of $3,186 in March 2015.

NOTE 4. STOCKHOLDERS’ EQUITY

On June 12, 2014, the Company issued 10,000 shares of its common stock to its then sole director for $1,000 cash.  On July 23, 2014, that director sold those shares to his daughter, the Company’s current president and sole director, for $1,000 cash.

On December 8, 2014, the Company issued 197,281 shares of common stock to thirty-two shareholders for $197,281 in cash.

On May 5, 2015, the Company issued 3,000 shares of common stock to three shareholders for $3,000 in cash.

NOTE 5. INCOME TAXES

As of March 31, 2016, the Company had net operating loss carry forwards of approximately $223,631 that may be available to reduce future years’ taxable income through 2036. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following for the three months ended March 31:

	2016			2015
Federal income tax benefit attributable to:
Current Operations	$	7,662		$	3
Less: valuation allowance		(7,662	)		(3	)
Net provision for Federal income taxes	$	0		$	0

7

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of Mar 31, 2016 and December 31, 2015:

	March 31, 2016			December 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$	76,035		$	68,373
Less: valuation allowance		(76,035	)		(68,373	)
Net deferred tax asset	$	0		$	0

The difference between the effective rate reflected in the provision for income taxes on loss before taxes and the amounts determined by applying the applicable statutory U.S. tax rate for the three months ended March 31, 2016 and 2015 are analyzed below:

	Three Months ended			Three Months ended
	March 31, 2016			March 31, 2015
Statutory tax benefit		(34)	%		(34)	%
Nondeductible/nontaxable items		-	%		-	%
Change in deferred tax asset valuation allowance		34	%		34	%
Provision for income taxes		-	%		-	%

For the three months ended March 31, 2016 and 2015, the Company had no unrecognized tax benefits and related interest and penalties expenses. Currently, the Company is not subject to examination by major tax jurisdictions.

NOTE 6. SUBSEQUENT EVENTS

On April 30, 2016, the Company has issued 89,375 shares of its $0.1 par value common stock shares at a purchase price of $1.25 per share in a total amount of $111,719 from fifty-two shareholders.

The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of March 31, 2016 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

8

Item 2.   Management’s Discussion and Analysis of Financial Condition and Results of Operation.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q, including this discussion and analysis by management, contains or incorporates forward-looking statements.   All statements other than statements of historical fact made in report are forward looking.  In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements.  These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words.  No assurances can be given that the future results anticipated by the forward-looking statements will be achieved.  Forward-looking statements reflect management’s current expectations and are inherently uncertain.  Our actual results may differ significantly from management’s expectations.

The following discussion and analysis should be read in conjunction with our financial statements, included herewith.  This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future.  Such discussion represents only the best present assessment of our management.

Three Months Ended March 31, 2016 and March 31, 2015

Net revenue for the three months ended March 31, 2016, was $0 and for the three months ended March 31, 2015, was $0.

General and administrative expenses for the three months ended March 31, 2016, were $22,533, as compared to $10 for the three months ended March 31, 2015.  The increase in those expenses was primarily attributable to accounting, legal and professional fees.

Our net loss was $(22,533) for the three months ended March 31, 2016, as compared to $(10) for the three months ended March 31, 2015.  The increase was a result of the increase in general and administrative expenses.

Liquidity and Capital Resources

Cash and cash equivalents were $72,724 at March 31, 2016. Our total current assets were $72,724 at March 31, 2016. Our total current liabilities were $95,074 at March 31, 2016.

We had a negative working capital at March 31, 2016, of $(22,350), compared to working capital of $183 at December 31, 2015.

Net cash provided by operating activities during the three months ended March 31, 2016, was $69,355, compared to $(10) for the three months ended March 31, 2015. Such increase was primarily due to the increase in other payable for the three months ended March 31, 2016.

Net cash provided by financing activities for the three months ended March 31, 2016, was $0.

Net change in cash and cash equivalents was an increase of $69,335 for the three months ended March 31, 2016, compared to $(10) for the three months ended March 31, 2015, because of the increase in other payable for the three months ended March 31, 2016.

9

Inflation

Our opinion is that inflation has not had a material effect on our operations and is not expected to have any material effect on our operations.

Climate Change

Our opinion is that neither climate change, nor governmental regulations related to climate change, have had, or are expected to have, any material effect on our operations.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

As a smaller reporting company, we are not required to provide this information.

Item 4.  Controls and Procedures.

As of the end of the period covered by this report, we conducted an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based upon this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of end of the period covered by this report to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934 is (1) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure; and (2) recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There was no change to our internal controls or in other factors that could affect these controls during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.   Legal Proceedings.

None.

Item 1A. Risk Factors.  

As a smaller reporting company, we are not required to provide this information.

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3.   Defaults Upon Senior Securities.

None.

Item 4.   Mine Safety Disclosures.

Not applicable.

10

Item 5.   Other Information.

Use of Proceeds From Registered Securities

On February 11, 2016, the SEC declared effective our Registration Statement on Form S-1 filed in connection with the offer and sale of 160,000 shares of our common stock at a purchase price of $1.25 per share.  The SEC assigned that registration statement file no. 333-207458.

The offering of the securities registered by that registration statement commenced on March 1, 2016; provided, however, during that period for which this report is filed, none of those securities were sold.

Item 6.  Exhibits.

The following exhibits are filed as part of this quarterly report, pursuant to Item 601 of Regulation S-K.  All exhibits are attached hereto unless otherwise noted.

Exhibit Number	Description
3.1*	Articles of Incorporation
3.2*	Certificate of Amendment to Articles of Incorporation
3.3*	Certificate of Correction of Articles of Incorporation
3.4*	Bylaws
10.1*	Marketing and Distribution Agreement dated August 1, 2015, with Shinin Silica Corp., a Taiwanese corporation
10.2*	Form of Subscription Agreement
14*	Code of Ethics
31**	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32**	Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act
99*	Funding Commitment dated March 31, 2015 in the amount of $100,000 by Hsuan-Hsien Liao

* Included as exhibits to that Registration Statement on Form S-1 filed with the SEC on October 16, 2015.

**  Filed herewith.

11

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EOS Inc.
Date: May 16, 2016	By:	/s/ Hsuan-Hsien Liao
		Hsuan-Hsien Liao
		Principal Executive Officer, Principal Financial Officer, President and Chairman of the Board

12

EX-31

EXHIBIT 31

CERTIFICATION

I, Hsuan-Hsien Liao, certify that:

1. I have reviewed this quarterly report on Form 10-Q of HAHA Generation Corp. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting, which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

May 16, 2016

/s/ Hsuan-Hsien Liao

Hsuan-Hsien Liao

Principal Executive Officer and Principal Financial Officer

EX-32

EXHIBIT 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of HAHA Generation Corp. (the "Company") on Form 10-Q for the quarter ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned officer of the Company hereby certifies, pursuant to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002, to such officer’s knowledge that:

(i)  the Report fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended (subject to the Company's position prevailing in regard to the remaining unresolved SEC comment, as more fully described in the Report); and

(ii)  the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

May 16, 2016

/s/ Hsuan-Hsien Liao

Principal Executive Officer and Principal Financial Officer

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 14, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	HAHA GENERATION CORP.
Entity Central Index Key	0001655008
Trading Symbol	haha
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		299,656
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1

XML

BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 72,724	$ 3,369
Total current assets	72,724	3,369
Total Assets	72,724	3,369
Current Liabilities
Accrued expense	22,533
Other payable	69,355
Due to related parties	3,186	3,186
Total current liabilities	95,074	3,186
Total liabilities	95,074	3,186
Stockholders' Equity
Common stock, $0.1 par value; 750,000 shares authorized, 210,281 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	21,028	21,028
Additional paid-in capital	180,253	180,253
Accumulated deficits	(223,631)	(201,098)
Total stockholders' equity (deficit)	(22,350)	183
Total Liabilities and Stockholders' Equity	$ 72,724	$ 3,369

XML

BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.1	$ 0.1
Common stock, shares authorized	750,000	750,000
Common stock, shares issued	210,281	210,281
Common stock, shares outstanding	210,281	210,281

XML

STATEMENT OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net revenue
General and administrative expenses	$ 22,533	$ 10
Loss from operations	(22,533)	(10)
Loss before income taxes	$ (22,533)	$ (10)
Provision for income taxes
Net loss	$ (22,533)	$ (10)
Net loss per share
Basic and diluted (in dollars per share)	$ (0.11)	$ (0.00)
Weighted Average Shares Outstanding
Basic and diluted (in shares)	210,281	207,281

XML

STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net loss	$ (22,533)	$ (10)
Changes in assets and liabilities:
Decrease (Increase) in other receivable		96,814
Increase (Decrease) in accrued expenses	22,533	(96,814)
Increase (Decrease) in other payable	69,355
Net cash provided by (used in) operating activities	69,355	(10)
Net increase(decrease) in cash and cash equivalents	69,355	(10)
Cash and Cash Equivalents
Beginning	3,369	378
Ending	$ 72,724	$ 368
Cash paid during the year for:
Interest
Income taxes

XML

NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited financial statements, footnote disclosures, and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Organization

HAHA Generation Corp., a company in the developmental stage (the “Company”), was incorporated on June 10, 2014 in the State of Nevada. The Company has conducted limited business operations and had no revenues from operations since its inception. The Company‘s business plan is to distribute fabrics that were made out of silicon crystals.

Going Concern

These financial statements were prepared on the basis of accounting principles applicable to going concern, which assumes the realization of assets and discharge of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had an accumulated deficit of $223,631 and $201,098 as of March 31, 2016 and December 31, 2015, respectively, and it had no revenue from operations.

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 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 Hsuan-Hsien Liao, our President and sole director, which commitment is for 12 months, and all amounts lent by Ms. Liao pursuant to that commitment shall not accrue interest and shall be payable on demand; provided however, such command will not be made prior to the expiration of that 12 month period after the date of that commitment, which date was March 31, 2016.

 

The Company believes its current and future plans enable it to continue as a going concern. The Company's ability to achieve these objectives cannot be determined at this time. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts which may differ from those in the accompanying financial statements.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2016 and December 31, 2015, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented 

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. The deferred income tax assets were $0 as of both March 31, 2016 and December 31, 2015.

Reclassifications

Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

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OTHER PAYABLE

3 Months Ended

Mar. 31, 2016

Payables and Accruals [Abstract]

OTHER PAYABLE

NOTE 2. OTHER PAYABLE

In March 2016, the Company received $69,355 from three potential investors for purchase of common stocks. As of March 31, 2016, the Company did not issue the common stock shares. The proceeds were returned to the investors in April 2016.

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DUE TO RELATED PARTY

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

DUE TO RELATED PARTY

NOTE 3. DUE TO RELATED PARTY

From March 2014 to the present, Hsuan-Hsien Liao, our President and sole director, has been the marketing director for, and a member of the Board of Directors of, Shinin Silica Co., Ltd., “Shinin Silica”, a Taiwanese Company. On November 25, 2014, the Company entered a tentative agreement with Shinin Silica for a business cooperation. The agreement was canceled and the prepayment was returned in excess of $3,186 in March 2015.

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STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

NOTE 4. STOCKHOLDERS’ EQUITY

On June 12, 2014, the Company issued 10,000 shares of its common stock to its then sole director for $1,000 cash.  On July 23, 2014, that director sold those shares to his daughter, the Company’s current president and sole director, for $1,000 cash.

On December 8, 2014, the Company issued 197,281 shares of common stock to thirty-two shareholders for $197,281 in cash.

On May 5, 2015, the Company issued 3,000 shares of common stock to three shareholders for $3,000 in cash.

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INCOME TAXES

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 5. INCOME TAXES

As of March 31, 2016, the Company had net operating loss carry forwards of approximately $223,631 that may be available to reduce future years’ taxable income through 2036. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The provision for Federal income tax consists of the following for the three months ended March 31:

	2016			2015
Federal income tax benefit attributable to:
Current Operations	$	7,662		$	3
Less: valuation allowance		(7,662	)		(3	)
Net provision for Federal income taxes	$	0		$	0

The cumulative tax effect at the expected rate of 34% of significant items comprising our net deferred tax amount is as follows as of Mar 31, 2016 and December 31, 2015:

	March 31, 2016			December 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$	76,035		$	68,373
Less: valuation allowance		(76,035	)		(68,373	)
Net deferred tax asset	$	0		$	0

The difference between the effective rate reflected in the provision for income taxes on loss before taxes and the amounts determined by applying the applicable statutory U.S. tax rate for the three months ended March 31, 2016 and 2015 are analyzed below:

	Three Months ended			Three Months ended
	March 31, 2016			March 31, 2015
Statutory tax benefit		(34	) %		(34	) %
Nondeductible/nontaxable items		-	%		-	%
Change in deferred tax asset valuation allowance		34	%		34	%
Provision for income taxes		-	%		-	%

For the three months ended March 31, 2016 and 2015, the Company had no unrecognized tax benefits and related interest and penalties expenses. Currently, the Company is not subject to examination by major tax jurisdictions.

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SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 6. SUBSEQUENT EVENTS

On April 30, 2016, the Company has issued 89,375 shares of its $0.1 par value common stock shares at a purchase price of $1.25 per share in a total amount of $111,719 from fifty-two shareholders.

The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of March 31, 2016 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

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NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2016

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial reporting and in accordance with instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited financial statements contained in this report reflect all adjustments that are normal and recurring in nature and considered necessary for a fair presentation of the financial position and the results of operations for the interim periods presented. The year-end balance sheet data was derived from audited financial statements, but does not include all disclosures required by GAAP. The results of operations for the interim period are not necessarily indicative of the results expected for the full year. These unaudited financial statements, footnote disclosures, and other information should be read in conjunction with the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Going Concern

Going Concern

These financial statements were prepared on the basis of accounting principles applicable to going concern, which assumes the realization of assets and discharge of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company had an accumulated deficit of $223,631 and $201,098 as of March 31, 2016 and December 31, 2015, respectively, and it had no revenue from operations.

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 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 Hsuan-Hsien Liao, our President and sole director, which commitment is for 12 months, and all amounts lent by Ms. Liao pursuant to that commitment shall not accrue interest and shall be payable on demand; provided however, such command will not be made prior to the expiration of that 12 month period after the date of that commitment, which date was March 31, 2016.

The Company believes its current and future plans enable it to continue as a going concern. The Company's ability to achieve these objectives cannot be determined at this time. These financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts which may differ from those in the accompanying financial statements.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include cash and all highly liquid instruments with original maturities of three months or less.

Net Income (loss) per Share

Net Income (loss) per Share

Basic income (loss) per share is computed by dividing net income by weighted average number of shares of common stock outstanding during each period. Diluted income per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. At March 31, 2016 and December 31, 2015, the Company does not have any outstanding common stock equivalents; therefore, a separate computation of diluted loss per share is not presented 

Income Taxes

Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is recognized if it is more likely than not that some portion, or all, of a deferred tax asset will not be realized. The deferred income tax assets were $0 as of both March 31, 2016 and December 31, 2015.

Reclassifications

Reclassifications

Certain classifications have been made to the prior year financial statements to conform to the current year presentation. The reclassification had no impact on previously reported net loss or accumulated deficit.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on its result of operations, financial position or cash flow.

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INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of provision for Federal income tax

	2016			2015
Federal income tax benefit attributable to:
Current Operations	$	7,662		$	3
Less: valuation allowance		(7,662	)		(3	)
Net provision for Federal income taxes	$	0		$	0

Schedule of cumulative tax effect at net deferred tax

	March 31, 2016			December 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$	76,035		$	68,373
Less: valuation allowance		(76,035	)		(68,373	)
Net deferred tax asset	$	0		$	0

Schedule of provision for income taxes on loss before taxes

	Three Months ended			Three Months ended
	March 31, 2016			March 31, 2015
Statutory tax benefit		(34	%)		(34	%)
Nondeductible/nontaxable items		-	%		-	%
Change in deferred tax asset valuation allowance		34	%		34	%
Provision for income taxes		-	%		-	%

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NATURE OF OPERATIONS AND SUMMARY OF ACCOUNTING POLICIES (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Nature Of Operations And Summary Of Accounting Policies [Line Items]
Accumulated deficit	$ (223,631)	$ (201,098)
Deferred income tax assets	0	$ 0
Hsuan-Hsien Liao
Nature Of Operations And Summary Of Accounting Policies [Line Items]
Additional funding from loan commitment	$ 100,000
Period for loan commitment	12 months

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OTHER PAYABLE (Detail Textuals)	3 Months Ended
	Mar. 31, 2016 USD ($) Investors
Payables and Accruals [Abstract]
Proceeds from common stock | $	$ 69,355
Number of potential investors | Investors	3

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DUE TO RELATED PARTY (Detail Textuals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due to Related Parties [Abstract]
Due to related parties	$ 3,186	$ 3,186

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STOCKHOLDERS' EQUITY (Detail Textuals)				1 Months Ended
	May. 05, 2015 USD ($) Shareholder shares	Dec. 08, 2014 USD ($) Shareholder shares	Jun. 12, 2014 USD ($) shares	Jul. 23, 2014 USD ($)
Stockholders Equity Note [Line Items]
Number of common stock issued for cash | shares	3,000	197,281
Number of shareholders | Shareholder	3	32
Value of common stock issued for cash	$ 3,000	$ 197,281
Sole director
Stockholders Equity Note [Line Items]
Number of common stock issued for cash | shares			10,000
Value of common stock issued for cash			$ 1,000
Current president and sole director
Stockholders Equity Note [Line Items]
Value of common stock issued for cash				$ 1,000

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INCOME TAXES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Federal income tax benefit attributable to:
Current Operations	$ 7,662	$ 3
Less: valuation allowance	(7,662)	(3)
Net provision for Federal income taxes	$ 0	$ 0

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INCOME TAXES (Details 1) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Deferred tax asset attributable to:
Net operating loss carryover	$ 76,035	$ 68,373
Less: valuation allowance	(76,035)	(68,373)
Net deferred tax asset	$ 0	$ 0

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INCOME TAXES (Details 2)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Statutory tax benefit	(34.00%)	(34.00%)
Nondeductible/nontaxable items
Change in deferred tax asset valuation allowance	34.00%	34.00%
Provision for income taxes

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INCOME TAXES (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 223,631
Expected rate of cumulative tax effect	34.00%	34.00%

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SUBSEQUENT EVENTS (Detail Textuals)			1 Months Ended
	May. 05, 2015 USD ($) Shareholder shares	Dec. 08, 2014 USD ($) Shareholder shares	Apr. 30, 2016 USD ($) Shareholder $ / shares shares
Subsequent Event [Line Items]
Common stock share issue | shares	3,000	197,281
Value of common stock issued for cash | $	$ 3,000	$ 197,281
Number of shareholders | Shareholder	3	32
Subsequent Event
Subsequent Event [Line Items]
Common stock share issue | shares			89,375
Common stock, no par value (in dollars per share) | $ / shares			$ 0.1
Common stock price per share | $ / shares			$ 1.25
Value of common stock issued for cash | $			$ 111,719
Number of shareholders | Shareholder			52