Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Hempacco .
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $4.05M | $3.97M | $1.19M | $345.99K | $- |
| Cost of Revenue | $5.26M | $3.73M | $850.90K | $899.70K | $5.33K |
| Gross Profit | $-1.22M | $239.05K | $336.37K | $-553.71K | $-5.33K |
| Gross Profit Ratio | -30.05% | 6.03% | 28.33% | -160.04% | - |
| Research and Development Expenses | $- | $- | $2.09K | $- | $1.43K |
| General and Administrative Expenses | $6.18M | $3.25M | $1.45M | $723.68K | $64.92K |
| Selling and Marketing Expenses | $1.42M | $884.96K | $542.68K | $27.60K | $3.88K |
| Selling General and Administrative Expenses | $7.60M | $4.13M | $1.99M | $751.28K | $46.27K |
| Other Expenses | $- | $1.47M | $-1.67K | $-32 | $- |
| Operating Expenses | $7.60M | $5.60M | $2.00M | $751.28K | $47.70K |
| Cost and Expenses | $12.86M | $9.33M | $2.85M | $1.65M | $53.04K |
| Interest Income | $- | $47.27K | $209.68K | $160.42K | $20 |
| Interest Expense | $269.96K | $47.27K | $209.68K | $160.42K | $329 |
| Depreciation and Amortization | $398.99K | $96.92K | $86.50K | $69.52K | $5.33K |
| EBITDA | $-12.77M | $-5.27M | $-1.57M | $-1.24M | $-47.71K |
| EBITDA Ratio | -315.73% | -132.81% | -132.61% | -357.08% | - |
| Operating Income | $-8.81M | $-5.36M | $-1.66M | $-1.30M | $-53.04K |
| Operating Income Ratio | -217.82% | -135.17% | -139.76% | -377.18% | - |
| Total Other Income Expenses Net | $-4.63M | $-1.77M | $-211.34K | $-160.46K | $-305 |
| Income Before Tax | $-13.44M | $-7.13M | $-1.87M | $-1.47M | $-53.34K |
| Income Before Tax Ratio | -332.26% | -179.84% | -157.56% | -423.55% | - |
| Income Tax Expense | $- | $-131.12K | $193.76K | $160.39K | $-3 |
| Net Income | $-13.13M | $-7.00M | $-2.06M | $-1.63M | $-53.34K |
| Net Income Ratio | -324.45% | -176.54% | -173.88% | -469.91% | - |
| EPS | $-47.00 | $-29.90 | $-9.00 | $-7.10 | $-0.23 |
| EPS Diluted | $-47.00 | $-29.90 | $-9.00 | $-7.10 | $-0.23 |
| Weighted Average Shares Outstanding | 279.57K | 234.37K | 230.10K | 230.10K | 230.10K |
| Weighted Average Shares Outstanding Diluted | 279.57K | 234.37K | 230.10K | 230.10K | 230.10K |
| SEC Filing | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $109.83K | $548.33K | $933.47K | $500 | $117 |
| Short Term Investments | $- | $452.98K | $688.93K | $2.58K | $2.61K |
| Cash and Short Term Investments | $109.83K | $548.33K | $933.47K | $500 | $117 |
| Net Receivables | $226.13K | $236.37K | $281.54K | $5.69K | $0 |
| Inventory | $2.54M | $645.13K | $198.94K | $92.70K | $639.67K |
| Other Current Assets | $400.71K | $477.98K | $703.69K | $2.58K | $-0 |
| Total Current Assets | $3.28M | $1.91M | $2.12M | $101.46K | $642.39K |
| Property Plant Equipment Net | $11.95M | $7.57M | $5.45M | $5.56M | $5.02M |
| Goodwill | $2.59M | $- | $- | $- | $- |
| Intangible Assets | $230.91K | $2.66K | $- | $- | $- |
| Goodwill and Intangible Assets | $2.82M | $2.66K | $- | $- | $- |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-7.57M | $-5.45M | $-5.56M | $-5.02M |
| Total Non-Current Assets | $14.76M | $7.57M | $5.45M | $5.56M | $5.02M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $18.04M | $9.48M | $7.57M | $5.66M | $5.67M |
| Account Payables | $3.35M | $378.44K | $260.20K | $496.64K | $25.00K |
| Short Term Debt | $7.79M | $394.10K | $1.77M | $1.68M | $1.41M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $1.75M | $838.16K | $2.13M | $756.97K | $623.38K |
| Other Current Liabilities | $- | $-90.27K | $9.42K | $- | $- |
| Total Current Liabilities | $12.89M | $1.52M | $4.17M | $2.93M | $2.06M |
| Long Term Debt | $5.93M | $401.55K | $534.60K | $499.98K | $25.00K |
| Deferred Revenue Non-Current | $- | $17.18K | $15.13K | $9.36K | $- |
| Deferred Tax Liabilities Non-Current | $- | $125.59K | $-15.13K | $-9.36K | $- |
| Other Non-Current Liabilities | $- | $- | $- | $3.59K | $328 |
| Total Non-Current Liabilities | $5.93M | $401.55K | $534.60K | $503.56K | $25.33K |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $18.82M | $1.92M | $4.70M | $3.44M | $2.08M |
| Preferred Stock | $- | $- | $0 | $3.64M | $3.64M |
| Common Stock | $2.93K | $23.44K | $19.70K | $84.78K | $84.00K |
| Retained Earnings | $-23.59M | $-10.46M | $-3.46M | $-1.60M | $-137.34K |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $- | $-84.00K |
| Other Total Stockholders Equity | $23.22M | $18.10M | $6.32M | $102.22K | $84.00K |
| Total Stockholders Equity | $-367.81K | $7.66M | $2.88M | $2.22M | $3.59M |
| Total Equity | $-779.33K | $7.56M | $2.87M | $2.22M | $3.59M |
| Total Liabilities and Stockholders Equity | $18.04M | $9.48M | $7.57M | $5.66M | $5.67M |
| Minority Interest | $-411.51K | $-95.37K | $-14.25K | $- | $- |
| Total Liabilities and Total Equity | $18.04M | $9.48M | $7.57M | $5.66M | $5.67M |
| Total Investments | $- | $452.98K | $688.93K | $2.58K | $2.61K |
| Total Debt | $13.72M | $686.10K | $2.30M | $2.18M | $1.43M |
| Net Debt | $13.61M | $137.77K | $1.37M | $2.18M | $1.43M |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $-13.44M | $-7.13M | $-1.87M | $-1.47M | $-53.34K |
| Depreciation and Amortization | $398.99K | $96.92K | $86.50K | $69.52K | $5.33K |
| Deferred Income Tax | $- | $- | $178.32K | $- | $- |
| Stock Based Compensation | $448.96K | $248.10K | $100.00K | $- | $- |
| Change in Working Capital | $2.13M | $-1.25M | $594.60K | $1.17M | $-18.57K |
| Accounts Receivables | $269.01K | $-87.02K | $-155.88K | $-5.69K | $- |
| Inventory | $-1.19M | $-446.20K | $-106.24K | $546.97K | $-16.29K |
| Accounts Payables | $1.82M | $195.57K | $288.56K | $481.55K | $- |
| Other Working Capital | $1.23M | $-913.80K | $568.15K | $149.25K | $-2.28K |
| Other Non Cash Items | $4.62M | $3.67M | $180.30K | $154.16K | $26.96K |
| Net Cash Provided by Operating Activities | $-5.84M | $-4.37M | $-730.96K | $-69.69K | $-66.58K |
| Investments in Property Plant and Equipment | $-179.39K | $-103.87K | $-79.96K | $-51.43K | $- |
| Acquisitions Net | $-289.73K | $40.00K | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-3.14M | $40.00K | $- | $- | $- |
| Net Cash Used for Investing Activities | $-3.61M | $-63.87K | $-79.96K | $-51.43K | $- |
| Debt Repayment | $2.56M | $-250.90K | $733.33K | $96.50K | $- |
| Common Stock Issued | $7.24M | $6.42M | $1.30M | $50.00K | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-784.60K | $-2.12M | $-289.44K | $25.00K | $66.70K |
| Net Cash Used Provided by Financing Activities | $9.02M | $4.05M | $1.74M | $121.50K | $66.70K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-438.51K | $-385.14K | $932.97K | $383 | $117 |
| Cash at End of Period | $109.83K | $548.33K | $933.47K | $500 | $117 |
| Cash at Beginning of Period | $548.33K | $933.47K | $500 | $117 | $- |
| Operating Cash Flow | $-5.84M | $-4.37M | $-730.96K | $-69.69K | $-66.58K |
| Capital Expenditure | $-410.30K | $-103.87K | $-79.96K | $-51.43K | $- |
| Free Cash Flow | $-6.26M | $-4.47M | $-810.92K | $-121.12K | $-66.58K |