Put onion, carrot and garlic into a food processor. Chop into small bits.
Transfer into another bowl and mix with ground meat, egg, breadcrumbs, paprika, salt and pepper and 1/4 cup hot sauce. Mix thoroughly. Shape into small balls.
You can either fry meatballs in a pan or place on a cookie sheet and bake in 400 F oven for about20-25 minutes or until cooked through. Toss meatballs with remaining 1/4 cup hot sauce.