UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DCD.C. 20549

FORM 10-Q

~~x Quarterly report pursuant to Section 13 or 15~~ (dMark One) ~~of the Securities Exchange Act of 1934~~

~~For~~ ☒ QUARTERLY ~~the~~REPORT ~~quarterly~~PURSUANT ~~period~~TO ~~ended~~SECTION ~~March~~13 ~~31,~~OR ~~2017~~15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2017

¨ ☐ TRANSITION ~~Transition~~REPORT ~~report~~PURSUANT ~~pursuant~~TO toSECTION ~~Section~~ 13 orOR 15(d) ofOF ~~the~~THE ~~Securities~~SECURITIES EXCHANGE ~~Exchange~~ACT ~~Act~~OF of 1934

For the transition period from ~~__________ to __________~~_________________________to _________________________

Commission ~~File~~file number ~~Number: 333~~ 0-~~182629~~5703

Environmental Packaging Technologies Holdings, Inc. (Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in its ~~charter~~Charter)

Nevada	45-5634033	~~45-5634033~~
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
12303 Airport Way, Suite 200 Broomfield, Colorado		80021
(Address of principal executive offices)		(Zip Code)

6100 West by Northwest, Suite 110, Houston, Texas 77040 (~~954~~Address of Principal Executive Offices) ~~868~~(Zip Code) (646) 229-~~7366~~3639 (Registrant’s Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Indicate by check mark whether the registrant (~~Registrant's~~1) ~~telephone~~has ~~number,~~filed ~~including~~all ~~area~~reports required ~~code~~to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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.

~~N/A~~ Yes ☐ No ☐

~~(Former~~ Indicate by ~~name,~~check ~~former~~mark ~~address~~whether the registrant has submitted electronically and ~~former~~posted ~~fiscal~~on ~~year~~its corporate Web site, if ~~changed~~any, ~~since~~every ~~last~~Interactive Data ~~report~~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).

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 x☐

~~(Explanatory~~ Indicate by ~~Note:~~check ~~The~~mark whether the registrant is a ~~voluntary~~large accelerated filer, an ~~and~~accelerated isfiler, ~~not~~a ~~subject~~non-accelerated tofiler, ~~the~~or ~~filing~~a ~~requirements~~smaller reporting ofcompany. ~~Section~~See ~~13 or 15(d) of~~ the ~~Securities~~definitions ~~Exchange Act~~ of ~~1934,~~“large asaccelerated ~~amended (the "Exchange Act"). However~~filer,” ~~during~~“accelerated ~~the~~filer” ~~preceding~~and 12“smaller ~~months,~~reporting company” ~~the~~in ~~registrant~~Rule ~~has~~12b-2 ~~filed all reports that it would have been required to file by Sections 13 or 15(d)~~ of the Exchange Act ~~as if it was subject to such filing requirements~~.)

~~Indicate~~Large byAccelerated ~~check~~Filer ~~mark~~☐ ~~whether~~Accelerated ~~the~~Filer ~~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~~Non-TAccelerated ~~(Sec.232.405~~Filer of☐ ~~this~~Smaller ~~chapter)~~Reporting ~~during~~Company ~~the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ¨ No x~~☒

~~If an emerging growth company, indicate~~ Indicate by check mark ifwhether the registrant ~~has~~is ~~elected~~a ~~not~~shell tocompany ~~use~~(as ~~the~~defined in ~~extended~~Rule ~~transition~~12b-2 ~~period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)~~ of the Exchange Act ¨).

~~Indicate~~ Yes ☐ byNo check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. ☒

~~Large~~ Indicate the ~~Accelerated~~number ~~Filer~~of ¨shares ~~Accelerated~~outstanding ~~Filer~~of ¨each ~~Non-accelerated~~of ~~filer~~the ¨issuer’s ~~Smaller~~classes ~~reporting~~of ~~company~~common xstock, ~~(Do~~as ~~not~~of ~~check~~the latest ifpracticable adate: ~~smaller~~As ~~reporting~~of ~~company)~~March 14, 2018 there were 67,437,023 shares of Common Stock, par value $0.01 per share, outstanding.

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

Part I	Financial Information	Page

Item 1.	Financial Statements
	Consolidated Balance Sheets as of June 30, 2017 (unaudited) and December 31, 2016	3
	Consolidated Statements of Operations and Comprehensive (Loss) Income for the Three and Six Months Ended June 30, 2017 (unaudited) and 2016	4
	Consolidated Statement of Changes in Stockholders’ Deficit for the Six Months Ended June 30, 2017 (unaudited) and December 31, 2016	5
	Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2017 and 2016 (unaudited)	6
	Notes to Consolidated Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Results of Operations and Financial Condition	20
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	23
Item 4.	Controls and Procedures	23

Part II	Other Information

Item 1.	Legal Proceedings	25
Item 1A.	Risk Factors	31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 5.	Other Information	31
Item 6.	Exhibits	31
SIGNATURE PAGE		32

As PART ~~of May 22, 2017, the registrant had 23,810,853 shares of common stock, par value $0~~I.~~0001~~ ~~per~~FINANCIAL ~~share, outstanding.~~ INFORMATION

~~TABLE~~ ITEM OF1. ~~CONTENTS~~FINANCIAL STATEMENTS

TO ENVIRONMENTAL ~~QUARTERLY~~PACKAGING ~~REPORT~~TECHNOLOGIES ONHOLDINGS, ~~FORM 10-Q~~INC.

~~FOR~~ CONSOLIDATED ~~THE~~BALANCE ~~QUARTER ENDED MARCH 31, 2017~~SHEETS

			Page
	June 30,	December 31,
PART I FINANCIAL INFORMATION
	2017	2016
Item 1.	Financial Statements			3
	(unaudited)
	Condensed Consolidated Balance Sheets as of March 31, 2017 (unaudited) and December 31, 2016			3
Assets
	Condensed Consolidated Statements of Operations for the three months ended March 31, 2017 and 2016 (unaudited)			4
Cash	$780,858	$814,778
	Condensed Consolidated Statements of Changes in Stockholders' Deficit for the three months ended March 31, 2017 (unaudited) and December 31, 2016			5
Restricted cash	1,075,000	-
	Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2017 and 2016 (unaudited)			6
Accounts receivable, net	2,672,925	2,878,469
	Notes to Unaudited Condensed Consolidated Financial Statements			7
Inventories, net	2,139,505	2,217,674
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations			16
Short-term deposits	245,250	-
Item 3.	Quantitative and Qualitative Disclosures about Market Risk			22
Prepaid expense and other current assets	1,313,362	92,163
Item 4.	Controls and Procedures			22
Total Current Assets	8,226,900	6,003,084
PART II OTHER INFORMATION
Fixed Assets, net	116,833	-
Item 1.	Legal Proceedings			23
Total Assets	$8,343,733	$6,003,084
Item 1A.	Risk Factors			23
Liabilities and Stockholders' Deficit
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds			23
Current liabilities
Item 3.	Defaults upon Senior Securities			23
Accounts payable	$2,831,272	$3,026,480
Item 4.	Mine Safety Disclosures			23
Accounts payable - related parties	68,105	130,552
Item 5.	Other Information			23
Accrued liabilities	1,231,791	1,141,849
Item 6.	Exhibits			24
Short-term notes	575,000	4,720,000
Signatures				25
Short-term line of credit, net	3,513,393	-
Advance from customer	497,689	497,689
Other short-term liabilities	524,178	418,500
Short-term investment loan	-	13,964,664
Total Current Liabilities	9,241,428	23,899,734
Other long-term liabilities	65,810	48,333
Total Liabilities	9,307,238	23,948,067
Commitments and Contingencies (Note 16)
Stockholders' Deficit
Preferred stock, $.001 par value; authorized shares - 1,000,000; 998 shares issued or outstanding at June 30, 2017; no shares issued and outstanding at December 31, 2016	1	-
Additional paid-in capital - Preferred Stock	997,999	-
Common stock, $.001 par value; authorized shares - 90,000,000; 60,596,023 shares issued and outstanding at June 30, 2017 and 29,195,260 shares issued and outstanding at December 31, 2016	60,596	40,232
Additional paid-in capital - Common Stock	41,683,535	25,422,750
Additional paid-in capital-Warrants	106,668	-
Accumulated deficit	(46,325,317)	(43,460,290)
Obligation to issue shares	2,585,156	-
Accumulated other comprehensive income	(72,143)	52,325
Total Stockholders' Deficit	(963,505)	(17,944,983)
Total Liabilities and Stockholders' Deficit	$8,343,733	$6,003,084

2The accompanying notes are an integral part of these consolidated financial statements.

~~PART I~~ - ~~FINANCIAL INFORMATION~~1-

~~ITEM~~ENVIRONMENTAL 1PACKAGING TECHNOLOGIES HOLDINGS, INC. ~~FINANCIAL~~CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (unaudited)

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.
	For the three months ended June 30,		For the six months ended June 30,
(FORMERLY INTERNATIONAL METALS STREAMING CORP.)
	2017	2016	2017	2016
CONDENSED CONSOLIDATED BALANCE SHEETS
Revenues	$4,121,020	$4,543,393	$9,084,334	$8,480,546
		As of
Cost of goods sold	(3,487,896)	(3,825,878)	(7,776,173)	(4,584,541)
		March 31, 2017			December 31, 2016
Gross profit	633,124	717,515	1,308,161	3,896,005
		(Unaudited)
Selling, general and administrative expenses	(1,262,295)	(976,640)	(2,293,124)	(1,995,875)
ASSETS
Operating (loss) income	(629,171)	(259,125)	(984,963)	1,900,130
Cash		$	475		$	475
Interest and finance expense, net	(1,472,890)	(185,800)	(1,783,858)	(328,295)
Total Current Assets			475			475
Amortization expense	(93,985)	(116,009)	(98,992)	(232,019)
TOTAL ASSETS		$	475		$	475
Other income	111,828	-	160,555	-
LIABILITIES AND STOCKHOLDERS' DEFICIT
Other expenses	(17,571)	(17,929)	-	10,861
CURRENT LIABILITIES
Other taxes	(57,372)	(494)	(104,917)	(12,514)
Accrued expenses		$	39,767		$	215,847
(Loss) Income before income taxes	(2,159,161)	(579,357)	(2,812,175)	1,338,163
Due to related party			7,256			-
Income tax (expense) benefit	(65,950)	92,032	(44,219)	(129,531)
Total current liabilities			47,023			215,847
Net (loss) / income	$(2,225,111)	$(487,325)	$(2,856,394)	$1,208,632
TOTAL LIABILITIES			47,023			215,847
Comprehensive (loss) / income
COMMITMENTS AND CONTINGENCIES			-			-
Net (loss) / income	$(2,225,111)	$(487,325)	$(2,856,394)	$1,208,632
STOCKHOLDERS' DEFICIT
Foreign currency translation adjustments	(167,631)	17,693	(124,468)	(52,050)
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, none issued and outstanding			-			-
Comprehensive (loss) / income	$(2,392,742)	$(469,632)	$(2,980,862)	$1,156,582
Common stock, $0.0001 par value, 108,539,500 shares authorized; 23,810,853 shares issued and outstanding at March 31, 2017 and December 31, 2016			2,381			2,381
Weighted average shares outstanding (basic)	36,217,426	16,984,179	36,217,426	16,984,179
Additional paid-in-capital			843,658			659,800
Weighted average shares outstanding (dilutive)	38,215,866	29,184,271	38,215,866	29,184,271
Accumulated deficit			(892,587	)		(877,553	)
Earnings (loss) per share (primary)	$(0.06)	$(0.03)	$(0.08)	$0.07
Total stockholders' deficit			(46,548	)		(215,372	)
Earnings (loss) per share (dilutive)	$(0.06)	$(0.02)	$(0.07)	$0.04
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$	475		$	475

The accompanying notes are an integral part of these ~~unaudited~~consolidated ~~condensed~~ financial statements.

~~3 Table of Contents~~-2-

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.
(FORMERLY INTERNATIONAL METALS STREAMING CORP.)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	For the Quarter			For the Quarter
	Ended			Ended
	March 31, 2017			March 31, 2016
Revenue	$	-		$	-
General and administrative expenses		15,034			71,566
Loss from operations		(15,034	)		(71,566	)
Other income (expense)
Interest		-			(1,237	)
Loss from operations before income taxes		(15,034	)		(72,803	)
Income tax expense (benefit)		-			-
Net loss	$	(15,034	)	$	(72,803	)
Weighted average loss per share - basic and dilutive	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding - basic and dilutive		23,810,861			26,253,000

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE SIX MONTHS ENDED JUNE 30, 2017 (unaudited) AND YEAR ENDED DECEMBER 31, 2016

The accompanying notes are an integral part of these audited condensed financial statements

	Preferred Stock		Additional Paid-in Capital	Common Stock		Additional Paid-in Capital - Common Stock	Additional Paid-in Capital - Warrants	Obligation to issue Shares	Accumulated Deficit	Accumulated Other Comprehensive Income	Total Stockholders' Deficit
	Shares	Amount		Shares (1)(2)	Amount
Balance as of December 31,2015	189,920	$190	$18,991,834	3,789,970	$3,769	$6,464,647	$-	$2,418	$(43,280,632)	$72,574	$(17,745,200)
Conversion of preferred shares to common shares	(189,920)	(190)	(18,991,834)	18,991,830	18,992	18,992,024	-	(18,992)	-	-	-
Issuance of shares under short-term debt agreement	-	-	-	3,184,460	3,184	-	-	(3,184)	-	-	-
Issuance of shares for payment of expenses	-	-	-	3,250,000	3,250	-	-	(3,126)	-	-	124
Foreign currency translation	-	-		-	-	-	-	-	-	(20,249)	(20,249)
Net (loss) for the year ended December 31, 2016	-	-	-	-	-	-	-	-	(179,658)	-	(179,658)
Balance as of December 31, 2016	-	$-	$-	29,195,260	$29,195	$25,456,671	$-	$(22,884)	$(43,460,290)	$52,325	$(17,944,983)
Issuance of shares for payment of expenses	-	-	-	875,000	875	-	-	50,000	-	-	50,875
Issuance of preferred shares under debt conversion	998	1	997,999	-	-	-	-	-	-	-	998,000
Issuance of shares under subordinated note conversion	-	-	-	9,879,740	9,880	13,954,784	-	-	-	-	13,964,664
Conversion of warrants	-	-	-	1,010,000	1,010	-	-	-	-	-	1,010
Issuance of shares under debt conversion	-	-	-	2,016,000	2,016	755,984	-	-	-	-	758,000
Issuance of shares from merger	-	-	-	12,000,023	12,000	(12,000)	-	-	-	-	-
Issuance of shares under Private Placement	-	-	-	5,620,000	5,620	2,804,380	-	2,552,000	-	-	5,362,000
Payment of expenses related to the merger	-	-	-	-	-	(550,000)	-	-	-	-	(550,000)
Payment of expenses related to fundraising	-	-	-	-	-	(427,016)	-	-	-	-	(427,016)
Issuance costs	-	-	-	-	-	(192,600)	-	-	-	-	(192,600)
Issuance of shares for payment of compensation	-	-	-	-	-	-	-	6,040	-	-	6,040
Conversion of warrants						(106,668)	106,668	-	-	-	-
Foreign currency translation	-	-	-	-	-	-	-	-	-	(124,468)	(124,468)
Prior Period Adjustments	-	-	-	-	-	-	-	-	(8,633)(3)	-	(8,633)
Net (loss) for the six months ended June 30, 2017	-	-	-	-	-	-	-	-	(2,856,394)	-	(2,856,394)

Balance as of June 30, 2017	998	$1	$997,999	60,596,023	$60,596	$41,683,535	$106,668	$2,585,156	$(46,325,317)	$(72,143)	$(963,505)

~~4 Table of Contents~~ (1)

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.
(FORMERLY INTERNATIONAL METALS STREAMING CORP.)
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND YEAR ENDED DECEMBER 31, 2016
	Common Stock						Additional
	$0.0001 par value						Paid in		Accumulated
	Shares			Amount			Capital		Deficit			Total
Balance at December 31, 2015		26,253,000		$	2,625		$	659,556	$	(892,447	)	$	(230,266	)
September 22, 2016 - Share cancellation		(2,442,139	)		(244	)		244					-
Net income for the year ended December 31, 2016		-			-			-		14,894			14,894
Balance at December 31, 2016		23,810,861		$	2,381		$	659,800	$	(877,553	)	$	(215,372	)
Shares returned to treasury		(24,999	)		(2	)		2					(0	)
Share exchange for liability		24,999			2			183,856					183,858
Common Stock cancelled in forward stock split of 1:2.17079 on February 16, 2017.		(8	)		-			-		-			-
Net loss for the quarter ended March 31, 2017		-			-			-		(15,034	)		(15,034	)
Balance at March 31, 2017		23,810,853		$	2,381		$	843,658	$	(892,587	)	$	(46,548	)

This schedule incorporates the reduction of the total number of common and preferred shares issued and outstanding via a 100-to-1 reverse split in March of 2016.

~~The accompanying notes are an integral part of these unaudited condensed financial statements~~ (2)

5This ~~Table~~schedule incorporates the increase of ~~Contents~~the total number of common shares issued and outstanding via a 10-to-1 stock split in April of 2017.

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.
(FORMERLY INTERNATIONAL METALS STREAMING CORP.)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2017 AND 2016
(Unaudited)
	For the Quarter			For the Quarter
	Ended			Ended
	March 31, 2017			March 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(15,034	)	$	(72,803	)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in operating assets and liabilities:
Increase in accrued expenses		7,778			72,803
Increase in amounts due to related party		7,256			-
Net cash used in operating activities		0			-
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash provided by investing activities		-			-
CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash provided by financing activities		-			-
INCREASE (DECREASE) IN CASH		-			-
CASH, BEGINNING OF PERIOD		475			475
CASH, END OF PERIOD	$	475		$	475
Supplemental Information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Noncash Investing & Financing Activities:
Accrued expenses paid by noteholder	$	-		$	18,290
Common stock issued for accrued expenses	$	183,858		$	-

(3)

~~The~~Due ~~accompanying~~to ~~notes~~U.S. ~~are~~F/X adjustment anas ~~integral~~a ~~part~~result of ~~these~~2016 ~~audited~~audit ~~condensed~~and ~~financial~~Korea ~~statements~~prior period adjustments made as a result of expenses/AP, sales/AR, and inventory count updates

6 Arising from ~~Table~~Q2 of2017 ~~Contents~~accounting system implementation/review.

~~ENVIRONMENTAL~~ The accompanying ~~PACKAGING~~notes ~~TECHNOLOGIES~~are ~~HOLDINGS,~~an ~~INC~~integral part of these consolidated financial statements.

~~(FORMERLY INTERNATIONAL METALS STREAMING CORP.)~~-3-

Notes to Unaudited Condensed Consolidated Financial Statements

ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
	For the six months ended June 30,
	2017	2016
Operating Activities
Net (loss) / income	$(2,856,394)	$1,208,632
Adjustment to reconcile net (loss) / income to net cash used in operating activities
Depreciation	11,791	-
Amortization of debt issuance costs	-	232,019
Recovery of bad debt	4,263	-
Inventory obsolescence	57,853	50,513
Provision for warranty cost	4,933	(1,615)
Accounts receivable	201,281	(492,953)
Inventories	20,316	(2,004,670)
Short-term Deposits	(245,250)	-
Prepaid expense and other current assets	(453,699)	(7,304)
Fixed Assets	(128,624)	-
Accounts payable	(257,655)	(62,916)
Accrued expenses	-	18,610
Accrued liabilities	85,009	-
Other short-term liabilities	116,222	(10,971)
Other long-term liabilities	17,477	(5,695)
Net cash used in operating activities	(3,422,477)	(1,076,350)

Financing Activities
Proceeds from short-term borrowings	453,364	150,000
Proceeds from other short-term liabilities	955,000	775,000
Proceeds from short-term line of credit	3,513,393	-
Issuance of shares under private placement	4,594,500	-
Payment of expenses related to the merger	(550,000)	-
Payment of expenses related to fundraising	(427,016)	-
Repayments of short-term borrowings	(3,858,364)	(300,000)
Repayments of other short-term liabilities	(965,544)	(168,654)
Net cash provided by financing activities	3,715,333	456,346
Effect of exchange rate fluctuations on cash	(326,776)	51,266

Net decrease in cash	(33,920)	(568,738)
Cash at beginning of period	814,778	1,022,716
Cash at end of period	$780,858	$453,978
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest	$928,578	$131,482
Income taxes	$44,219	$129,531
Non-cash financing activities:
Issuance of shares under subordinated note conversion	$14,704,664	-
Conversion of preferred shares to common shares	$-	$18,992,024
Issuance of shares under short-term debt agreement	$12,000	$3,184
Issuance of shares for payment of expenses	$875	$3,250

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

~~March 31, 2017~~-4-

~~NOTE~~ ENVIRONMENTAL 1PACKAGING –TECHNOLOGIES ~~NATURE~~HOLDINGS, ~~OF BUSINESS~~INC.

~~Overview~~ NOTES ofTO ~~Organization~~CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

~~Environmental Packaging Technologies Holdings, Inc. (the "Company", "we, "us", or "our") was incorporated in Nevada on November 17, 2011, under the name "GS Valet, Inc." On December~~ 1, 2011, the Company entered into an agreement with Garden State Valet, LLC, a New Jersey limited liability company ("Garden State Valet"), and the unit-holders of Garden State Valet (the "Unit-holders") to purchase all of the outstanding units of Garden State Valet. ORGANIZATION ~~Garden~~AND ~~State~~NATURE ~~Valet~~OF ~~was formed on June 15, 2011.~~BUSINESS

~~Change~~ Environmental Packaging Technologies, Inc. (the “Company” and, or “EPT”) is a Delaware corporation incorporated August 8, 2011 with operations in ~~Control:~~Holland, Michigan, and is currently headquartered in Houston, Texas. The Company engages in the manufacturing and sale of flexitanks, a specialty product that is being used for the transport of bulk liquid cargo. The Company conducts its business primarily through its U.S. operation in Michigan, and its subsidiaries in Korea and the Netherlands. The Company’s main products include Big Red Flexitanks and Liquirides; and they are sold in various countries around the world.

~~On August 9, 2013, six investors acquired 27,134,875 shares of our common stock then held by Neil Scheckter, who was our sole officer and director at the time~~ 2. INTERIM AsFINANCIAL a result, there was a change of control, as Mr. Scheckter relinquished his control of the Company and resigned from his positions. Immediately following their acquisition of the shares, one of the investors caused 8,886,663 shares that he acquired from Mr. Scheckter to be cancelled.STATEMENTS

~~Also~~ The interim onConsolidated ~~August~~Financial 9Statements ~~and~~of ~~December~~Environmental Packaging 9,Technologies ~~2013~~Holdings, weInc. ~~sold~~and aits ~~total~~subsidiaries of("EPTI" or ~~4,070,581~~the ~~shares~~"Company") ofhave ~~our~~been ~~common~~prepared ~~stock~~in accordance with the instructions to ~~four~~Form ~~accredited~~10-Q ~~investors~~and ~~(the~~Article ~~"Investors")~~10 atof $1Regulation S-X.~~965~~ Accordingly, ~~per~~they ~~share~~do ornot ~~gross~~include ~~proceeds~~all ofinformation $8and ~~million~~disclosures necessary (for a presentation of the ~~"Proceeds")~~Company's financial position, results ~~including~~of $3operations, ~~million~~and cash flows in ~~cash~~conformity ~~and~~with $5accounting principles ~~million~~generally accepted in ~~promissory~~the ~~notes~~United ~~issued~~States byof ~~Preciosa~~America. ~~Streaming~~In the ~~Company~~opinion ~~Inc.~~of management, these financial statements reflect all normal recurring adjustments and accruals necessary for a ~~Barbados~~fair statement ~~company~~of ~~("Preciosa")~~the Company's financial position, results of operations, and cash flows for such periods. ~~Preciosa~~The ~~issued~~results ~~the~~of operations ~~notes~~for toany ~~two~~interim period are not necessarily indicative of the results for the ~~Investors~~full year. The December 31, ~~who~~2016 Consolidated Balance Sheet data were derived from audited financial statements, but do not include all disclosures required by accounting principles generally accepted in ~~turn~~the ~~assigned~~United ~~them~~States toof usAmerica. These ~~Preciosa~~financial ~~repaid~~statements should be read in conjunction with the financial statements and notes tothereto uscontained in ~~full~~the Company’s inAnnual ~~September~~Report ~~2013~~within Form 8-K for the year ended December 31, 2016.

~~On December 9, 2013, we further sold~~ 3~~,328,181 shares of our common stock at $0~~.~~000046~~ GOING ~~per share for gross proceeds of $153.~~CONCERN

We The Company ~~intended~~has toan ~~use~~accumulated ~~the~~deficit ~~Proceeds~~as toof ~~pursue~~June a30, ~~metals~~2017 ~~streaming~~of ($46,325,317). ~~business~~This byaccumulated ~~acquiring~~deficit ~~and~~is ~~managing~~primarily ~~precious~~the ~~metals~~result ~~streams~~of non-cash write-off of impaired assets of $29,272,766. ~~royalties~~At ~~and~~June ~~other~~30, 2017, ~~similar~~the ~~interests~~Company’s total current liabilities of $9.3 Amillion exceeded ~~stream~~its istotal acurrent ~~non-operating~~assets ~~interest~~of $8.3 million, resulting in a working ~~mining~~capital ~~project~~deficit ~~that~~of ~~provides~~$1.0 ~~the~~million, ~~right~~while toat ~~purchase~~December ~~metals~~31, 2016, ~~produced~~the ~~from~~Company’s ~~such~~total ~~project~~current ~~for~~liabilities aof ~~fixed~~$23.9 million ~~price~~exceeded ~~for~~its atotal ~~specified~~current ~~period~~assets of ~~time~~$6 million, resulting in ~~exchange~~a ~~for~~working ancapital ~~upfront~~deficit ~~payment~~of ~~with~~$17.9 ~~such~~million. ~~terms~~The ~~defined~~$16.9 million increase in the ~~metals~~working ~~purchase~~capital ~~agreement.~~deficit ~~Royalties~~is ~~are~~primarily ~~non-operating~~related ~~interests~~to decreases in ~~mining~~current ~~projects~~liabilities ~~that~~as ~~provide~~of ~~the~~June ~~right~~30, 2017 due to ~~revenue~~the conversion orof ~~metals~~a ~~produced~~subordinated ~~from~~note ~~the~~to ~~project~~shares ~~after~~of ~~deducting~~common ~~specified~~stock ~~costs~~and by increases in current assets, ifprimarily ~~any~~other assets.

The Company’s continuation as a going concern is dependent on management’s ability to develop profitable operations and/or obtain additional financing from shareholders and/or other third parties. In ~~connection~~order to ~~our~~address ~~metals~~the ~~streaming~~need to satisfy continuing obligations and realize its long-term strategy, management’s plans: include continuing to fund operations with cash received from financing activities, however, there are no guarantees that any of future financings will close.

The ~~· we~~accompanying ~~changed~~consolidated ~~our~~financial ~~name~~statements ~~from~~have ~~"GS~~been ~~Valet,~~prepared assuming ~~Inc."~~that tothe ~~"International~~Company ~~Metals~~will ~~Streaming~~continue ~~Corp."~~as ona ~~September~~going 26concern, however, ~~2013;~~the above conditions raise substantial doubt about the ~~· we~~Company’s ~~changed~~ability ~~our~~to ~~fiscal~~do ~~year~~so. ~~end~~The ~~from~~consolidated ~~September~~financial statements 30do not include any adjustments to ~~December~~reflect ~~31,~~the ~~effective~~possible future effects on ~~September~~the ~~26,~~recoverability ~~2013;~~ and classification of assets · or the ~~operations~~amounts and classifications of ~~Garden~~liabilities ~~State~~that ~~Valet~~may ~~ceased~~result should onthe ~~October~~Company 1,be ~~2013.~~unable to continue as a going concern.

On 4. SUMMARY ~~March~~OF ~~10,~~SIGNIFICANT ~~2014, due to our determination that the metals streaming business was no longer desirable, we rescinded our transactions with the Investors whereby:~~ACCOUNTING POLICIES

~~· each Investor agreed to return the shares of our common stock issued to such Investor; · we remitted to each Investor~~ (a portion of the then remaining Proceeds pro rata to the shares of our common stock issued to such Investor; and · we and the Investors agreed to release all claims we may have against one another. )

~~Accordingly, 4,070,581 shares in the aggregate were surrendered to us for cancellation. In addition, in November 2015, two additional shareholders surrendered an aggregate 3,328,181 shares~~ Basis of our common stock for cancellation and as thus as of December 31, 2015, there were 26,253,000 shares of our common stock outstanding. On September 22, 2016, the former sole officer and director surrendered an aggregate of 2,442,139 shares of our common which were cancelled for no consideration. Presentation

7 The consolidated ~~Table~~financial statements are unaudited; however, in the opinion of ~~Contents~~management, they contain all the adjustments (consisting of those of a normal recurring nature) considered necessary to present fairly the financial position, results of operations and cash flows for the periods presented in conformity with U.S. generally accepted accounting principles (“GAAP”) applicable to interim periods. The consolidated financial statements should be read in conjunction with the audited consolidated financial statements of EPT included in the Company’s Annual Report on Form 8-K for the year ended December 31, 2016.

~~ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.~~-5-

(~~FORMERLY INTERNATIONAL METALS STREAMING CORP.~~b)

~~Notes~~Organization and toprincipals ~~Unaudited~~of ~~Condensed Consolidated Financial Statements~~Consolidation

~~March~~ The consolidated 31financial statements include the accounts of the Company and its subsidiaries. The 100% owned subsidiaries include Environmental Packaging Latin America South S.R.L located in Buenos Aires, ~~2017~~Argentina, EPT Packaging Europe B.V. located in Rotterdam, The Netherlands, and EPTPAC Korea Co. Ltd., located in Seoul, Korea.

~~NOTE~~ For 2all periods –presented, ~~SUMMARY~~all OFsignificant ~~SIGNIFICANT~~inter-company ~~ACCOUNTING~~accounts ~~POLICIES~~and transactions have been eliminated in the consolidated financial statements. In the opinion of management, all adjustments considered necessary to give a fair presentation have been included.

~~Basis of Presentation~~ (c)

~~The~~Fair Value ~~accompanying unaudited condensed consolidated financial statements as~~ of ~~March~~Financial 31, 2017 and for the three months ended March 31, 2017 and 2016 have been prepared by the Company pursuant to the rules and regulation of the Securities Exchange Commission, including Form 10-Q and Regulation S-K. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. The Company believes that the disclosures provided are adequate to make the information presented not misleading.Instruments

The Company ~~results~~follows ~~of operations for~~ the ~~three~~provisions ~~months~~of ~~ended~~ASC ~~March 31~~820, ~~2017~~Fair ~~are~~Value ~~not~~Measurements and ~~necessarily~~Disclosures, ~~indicative~~which ofclarifies the ~~results~~definition toof befair ~~expected~~value, prescribes methods for ~~the~~measuring ~~year~~fair ~~ending December 31~~value, ~~2017.~~and ~~These~~establishes ~~unaudited~~a ~~condensed~~fair value ~~financial~~hierarchy ~~statements~~to ~~should~~classify ~~be read in conjunction with our audited condensed financial statements and explanatory notes for~~ the ~~year~~inputs ~~ended~~used ~~December 31, 2016 as disclosed~~ in ~~the~~measuring ~~Company's~~fair ~~Form 10-K for that year~~ value as ~~filed with the Securities and Exchange Commission on February 17, 2017.~~follows:

On December 28, 2016, the Company, EPT Acquisition Corporation, a newly-formed Delaware corporation and a direct wholly-owned subsidiary of the Company (“Merger Sub”), and Environmental Packaging Technologies, Inc., a Delaware corporation (“EPT”) entered into an Agreement of Merger and Plan of Reorganization (the “Merger Agreement”) ●

~~Pursuant~~Level to1: ~~the~~Observable inputs ~~Merger~~such ~~Agreement,~~as ~~subject~~unadjusted toquoted ~~and~~prices ~~upon~~in ~~the~~active ~~terms~~markets ~~and~~for identical ~~conditions~~assets ofor ~~the~~liabilities ~~Merger~~available ~~Agreement,~~at ~~Merger Sub shall be merged with and into EPT (~~the ~~“Merger”) and EPT shall be the surviving corporation of the Merger and EPT shall become, as a result of the Merger, a direct wholly-owned subsidiary of the Company~~measurement date.

Immediately following the Merger, the Company shall have approximately 52,000,000 shares issued and outstanding of which (a) 40,000,000 such shares will be owned by the former EPT Stockholders, and (b) approximately 12,000,000 shares will be owned by the Company’s shareholders. Upon completion of the Merger, the individuals designated by EPT shall be our sole directors and officers and our officer and director shall resign. ●

~~The~~Level ~~Merger~~2: ~~Agreement~~Inputs other ~~includes~~than ~~conditions,~~quoted ~~representations~~prices ~~and~~that ~~warranties~~are ~~and~~observable ~~covenants~~for of the ~~parties~~asset ~~customary~~or liability ~~for~~in aactive ~~transaction~~markets, ofquoted ~~this~~prices ~~nature.~~for ~~The~~identical ~~Merger~~or ~~Agreement~~similar assets ~~may~~and beliabilities ~~terminated~~in ~~after~~markets ~~May~~that 31are not active, ~~2017~~inputs ifother than ~~the~~quoted ~~Merger~~prices ~~has~~that ~~not~~are ~~closed~~observable, and inputs derived from or corroborated by ~~that~~observable ~~date~~market data.

~~As of March 31, 2017, the conditions precedent to complete the merger transaction had not been satisfied.~~ ●

~~Significant~~Level ~~accounting~~3: Unobservable ~~policies~~inputs ~~are~~that asreflect ~~follows:~~management’s assumptions based on the best available information.

~~Use~~ The carrying value of ~~Estimates~~accounts receivable, inventories, prepaid expenses and other current assets, accounts payable, accrued liabilities, advance from customer, other short-term liabilities, and short-term investment loan approximate their fair values because of the short-term nature of these instruments. The carrying value of the long-term investment loan and other long-term liabilities approximates fair value based on market rates and terms currently available to the Company. The Company did not identify any assets or liabilities that are required to be re-measured at fair value at a recurring basis in accordance with ASC 820.

The preparation of financial statements in conformity with GAAP 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. These estimates and assumptions also affect the reported amounts of revenues, costs and expenses during the reporting period. Management evaluates these estimates and assumptions on a regular basis. Actual results could differ from those estimates. (d)

~~Income~~Use of ~~Loss~~Estimates ~~Per~~and ~~Share~~Assumptions

The ~~Company~~preparation ~~computes~~of ~~basic~~the ~~and~~consolidated ~~diluted~~financial ~~earnings~~statements ~~per~~in conformity ~~share~~with ~~amounts~~US inGAAP ~~accordance~~requires ~~with~~management ~~ASC~~to ~~Topic~~make ~~260,~~estimates ~~Earnings~~and assumptions ~~per~~that ~~Share.~~affect ~~Basic~~the ~~earnings~~reported ~~per~~amounts ~~share~~of isassets ~~computed~~and liabilities byand ~~dividing~~disclosure ~~net~~of ~~income~~contingent ~~(loss)~~assets ~~available~~and toliabilities ~~common~~at the ~~stockholders~~dates byof the ~~weighted~~consolidated ~~average~~financial ~~number~~statements and the reported amounts of ~~common~~revenues ~~shares~~and ~~outstanding~~expenses during the reporting ~~period~~ periods. Estimates ~~Diluted~~are ~~earnings~~adjusted ~~per~~to ~~share~~reflect ~~reflects~~actual ~~the~~experience when ~~potential~~necessary. ~~dilution~~Significant ~~that~~accounting ~~could~~estimates ~~occur~~reflected ifin ~~stock~~the Company’s ~~options~~consolidated ~~and~~financial ~~other~~statements ~~commitments~~include toallowance for ~~issue~~doubtful ~~common~~accounts, ~~stock~~provision ~~were~~for ~~exercised~~income ortaxes, ~~equity~~product warranty, ~~awards~~and ~~vest~~valuation ~~resulting in the issuance~~ of ~~common~~deferred ~~stock~~tax ~~that~~assets. ~~could~~Since ~~share in~~ the ~~earnings~~use of ~~the~~estimates ~~Company.~~is ~~During~~an ~~the~~integral component ~~three~~of ~~months~~the ~~ended~~financial ~~March~~reporting 31process, ~~2017~~actual ~~and~~results ~~2016,~~could differ ~~there~~from ~~were~~those ~~no potentially dilutive debt or equity instruments outstanding~~estimates.

~~8 Table of Contents~~ (e)

~~ENVIRONMENTAL~~Translation of ~~PACKAGING~~Foreign ~~TECHNOLOGIES HOLDINGS, INC.~~Currency

The accounts of the Company and its subsidiaries are measured using the currency of the primary economic environment in which the entity operates (~~FORMERLY~~the ~~INTERNATIONAL~~“functional ~~METALS~~currency”). ~~STREAMING~~The Company’s ~~CORP~~functional currency is the U.S. dollars (“USD”) and the accompanying consolidated financial statements are presented in USD. Foreign currency transactions are translated into USD using the fixed exchange rates in effect at the time of the transaction. Generally, foreign exchange gains and losses resulting from the settlement of such transactions are recognized in the consolidated statements of operations. The Company translates foreign currency financial statements of its subsidiaries in accordance with ASC 830-10, “Foreign Currency Matters”. Assets and liabilities are translated at current exchange rates quoted by the US Treasury at the balance sheet dates and revenues and expenses are translated at average exchange rates in effect during the year. Resulting translation adjustments are recorded as other comprehensive income (loss) and accumulated as a separate component of equity of the Company.

~~Notes to Unaudited Condensed Consolidated Financial Statements~~-6-

~~March 31, 2017~~ (f)

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, and other highly liquid investments which are unrestricted as to withdrawal or use, and which have maturities of three months or less when purchased. The Company ~~presently~~ maintains cash with various financial institutions mainly in anthe ~~attorney~~U.S., ~~trust~~Korea ~~account~~and ~~until~~the ~~such~~Netherlands. ~~time~~As ~~that~~of June 30, 2017, and December 31, 2016, cash balances of $780,858 and $814,778, respectively, are not insured by the Federal Deposit Insurance Corporation or other programs. As of June 30, 2017, and December 31, 2016 the Company ~~establishes~~did anot ~~bank~~have ~~account~~any cash equivalents.

~~Financial~~ As ~~Instruments~~of June 30, 2017, the Company had a balance of $1,075,000 designated as restricted cash. The funds are held in an escrow account and were released to the company in the third quarter of 2017.

ASC 820, Fair Value Measurements requires disclosure of the fair value of financial instruments. The Company's unaudited condensed balance sheet includes certain financial instruments. The carrying amounts of current assets and current liabilities approximate their fair value because of the relatively short period of time between the origination of these instruments and their expected realization. (g)

~~Recently Issued Standards~~Accounts Receivable

In Accounts receivable ~~February~~are ~~2017,~~presented ~~the~~at ~~FASB~~net ~~has~~realizable ~~issued Accounting Standards Update (ASU) No~~value. ~~2017-06,~~The ~~“'Plan~~Company maintains ~~Accounting:~~allowances ~~Defined~~for ~~Benefit~~doubtful ~~Pension~~accounts ~~Plans~~for ~~(Topic~~estimated ~~960); Defined Contribution Pension Plans (Topic 962); Health and Welfare Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting~~losses.” The ~~Among~~Company ~~other~~reviews ~~things,~~its ~~the~~accounts ~~amendments~~receivable ~~require~~on a ~~plan’s~~periodic ~~interest~~basis inand makes ~~that~~general ~~master~~and ~~trust~~specific ~~and~~allowances ~~any~~when ~~change~~there inis ~~that~~doubt ~~interest~~as to ~~be presented in separate line items in~~ the collectability ~~statement~~ of ~~net~~individual ~~assets~~balances. ~~available~~In ~~for~~evaluating ~~benefits and in~~ the collectability ~~statement~~ of ~~changes~~individual inreceivable ~~net assets available for benefits~~balances, ~~respectively. The amendments also remove~~ the ~~requirement~~Company considers tomany ~~disclose~~factors, ~~the~~including ~~percentage interest in~~ the ~~master~~age ~~trust~~of ~~for plans with divided interests and require that all plans disclose~~ the ~~dollar~~balances, customers’ ~~amount~~historical ofpayment ~~their~~history, ~~interest in each of those general types of investments. The amendments require all plans to disclose: (a)~~ their ~~master~~current credit-worthiness ~~trust’s other asset~~ and ~~liability~~current ~~balances;~~economic ~~and~~trends. ~~(b)~~Accounts ~~the~~are ~~dollar~~written off ~~amount~~after ofexhaustive ~~the~~efforts ~~plan’s~~at ~~interest~~collection. inAs ~~each~~ of ~~those~~June ~~balances. Lastly~~30, ~~the amendments eliminate redundant investment disclosures (e.g.~~2017, ~~those required by Topics 815~~ and ~~820) relating to 401(h) account assets. Effective for fiscal years beginning after~~ December 1531, ~~2018.~~2016, ~~Early~~the ~~adoption~~allowance ~~is permitted. The amendments should be applied retrospectively to each period~~ for ~~which~~doubtful ~~financial~~accounts ~~statements~~totaled $25,037 ~~are~~and ~~presented.~~$20,773, ~~The Company does not anticipate the adoption of ASU 2017-06 will have a material impact on its unaudited condensed consolidated financial statements~~respectively.

~~In February 2017, the FASB has issued Accounting Standards Update~~ (~~ASU~~h) No. 2017-05, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets.” The amendments clarify that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. The amendments also define the term in substance nonfinancial asset. The amendments clarify that nonfinancial assets within the scope of Subtopic 610-20 may include nonfinancial assets transferred within a legal entity to a counterparty. For example, a parent may transfer control of nonfinancial assets by transferring ownership interests in a consolidated subsidiary. A contract that includes the transfer of ownership interests in one or more consolidated subsidiaries is within the scope of Subtopic 610-20 if substantially all of the fair value of the assets that are promised to the counterparty in a contract is concentrated in nonfinancial assets. The amendments clarify that an entity should identify each distinct nonfinancial asset or in substance nonfinancial asset promised to a counterparty and derecognize each asset when a counterparty obtains control of it. Effective at the same time as the amendments in Update 2014-09, Revenue from Contracts with Customers (Topic 606). Therefore, public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the amendments in this Update to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the amendments in this Update to annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. All other entities may apply the guidance earlier as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance earlier as of annual reporting periods beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance. An entity is required to apply the amendments in this Update at the same time that it applies the amendments in Update 2014-09. The Company does not anticipate the adoption of ASU 2017-05 will have a material impact on its unaudited condensed consolidated financial statements.

~~9 Table of Contents~~Inventories

~~ENVIRONMENTAL~~ Inventories, consisting ~~PACKAGING~~of ~~TECHNOLOGIES~~raw ~~HOLDINGS~~materials and finished goods, ~~INC~~are stated at the lower of cost or market, with cost determined under the weighted average method. An allowance is established when management determines that certain inventories may not be saleable. If inventory costs exceed expected market value due to obsolescence or slow-moving or quantities in excess of expected demand, the Company will record reserves for the difference between the cost and the market value. These reserves are recorded based on estimates and reflected in cost of revenues. The Company recorded a reserve for slow-moving inventory of $91,544 and $88,959 at June 30, 2017 and December 31, 2016, respectively.

(~~FORMERLY INTERNATIONAL METALS STREAMING CORP.~~i)

~~Notes to Unaudited Condensed Consolidated Financial Statements~~Revenue Recognition

~~March~~ The Company 31generates revenue primarily from the sales of flexitanks and delivery of related services. The Company recognizes revenue from product sales when persuasive evidence of a sale exists: that is, ~~2017~~a product is shipped under an agreement with a customer, risk of loss and title has passed to the customer; the fee is fixed or determinable; and collection of the resulting receivable is reasonably assured. Sales allowances are estimated based upon historical experience of sales returns.

In Advance payments ~~January 2017, the FASB has issued Accounting Standards Update (ASU) No. 2017-04, “Intangibles - Goodwill~~ and ~~Other~~deposits ~~(Topic~~received ~~350): Simplifying the Test for Goodwill Impairment.” These amendments eliminate Step 2~~ from ~~the~~customers ~~goodwill~~prior impairment test. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to ~~that reporting unit. In addition, income tax effects from any tax deductible goodwill on~~ the provision ~~carrying amount~~ of ~~the~~services reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The amendments also eliminate the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, ifrecognition ~~it fails that qualitative test, to perform Step 2~~ of the ~~goodwill~~related ~~impairment~~revenues test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Effective for public business entities that are presented aas ~~SEC~~advance ~~filers~~from ~~for~~customer ~~annual or any interim goodwill impairment tests~~ in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. ASU 2017-04 should be adopted on a prospective basis. The Company does not anticipate the ~~adoption~~accompanying ~~of ASU 2017-04 will have a material impact on its unaudited condensed~~ consolidated balance ~~financial statements~~sheet.

~~In January 2017, FASB issued ASU No. 2017-01, Business Combinations~~ (~~Topic 805~~j): Clarifying the Definition of a Business, in an effort to clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The amendments of this ASU are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations

In October 2016, the FASB issued ASU No 2016-16 - Income Taxes: Intra-Entity Transfers of Assets Other Than Inventory. ASU 2016-16 will require the tax effects of intercompany transactions, other than sales of inventory, to be recognized currently, eliminating an exception under current GAAP in which the tax effects of intra-entity asset transfers are deferred until the transferred asset is sold to a third party or otherwise recovered through use. The guidance will be effective for the first interim period of our 2019 fiscal year, with early adoption permitted. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.Product Warranty

In The Company ~~August~~provides ~~2016,~~warranty ~~the~~on ~~FASB~~sales ~~issued~~of ~~ASU~~its ~~No.~~flexitanks; ~~2016-15~~in general, the ~~Statement~~warranty is effective one-year from the date of ~~Cash~~shipment. ~~Flows~~The Company ~~(Topic~~records ~~230):~~a ~~Classification~~liability for an estimate of ~~Certain~~costs ~~Cash~~that ~~Receipts~~it ~~and~~may incur ~~Cash~~under ~~Payments,~~its inbasic anlimited ~~effort~~warranty towhen ~~reduce~~product revenue is recognized. Factors affecting the ~~diversity~~Company’s ofwarranty liability ~~how~~include ~~certain~~the ~~cash~~number ~~receipts~~of flexitanks sold and ~~cash~~historical ~~payments~~and anticipated ~~are~~rates ~~presented~~of claims and ~~classified~~costs inper claim. The Company periodically assesses the ~~statement~~adequacy of ~~cash~~its ~~flows.~~warranty ~~The~~liability ~~amendments~~based on ofchanges ~~this~~in ~~ASU~~these ~~are~~factors. ~~effective~~Based ~~for~~upon ~~fiscal~~historical ~~years~~trends ~~beginning~~and warranties ~~after~~provided ~~December~~by ~~15,~~the ~~2017,~~Company’s suppliers and sub-contractor’s ~~interim~~the ~~periods~~company ~~within~~has ~~those~~made ~~fiscal~~provision ~~years.~~for ~~Early~~warranty cost ~~adoption~~based ison ~~permitted~~.75% of product sales. The Company ~~does~~has ~~not~~made ~~expect~~a provision ~~the~~for ~~adoption~~warranty cost of ~~this~~$70,526 ~~amendment~~and to$65,593 ~~have~~as aof ~~material~~June ~~effect~~30, 2017 onand ~~its~~December 31, ~~financial~~2016, ~~condition~~respectively, ~~and~~within ~~results~~accrued liabilities ofin ~~operations~~the accompanying consolidated balance sheet.

In June 2016, the FASB Issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients” and clarifies the objective of the collectability criterion, presentation of taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and how guidance in Topic 606 is retrospectively applied. The amendments do not change the core principle of the guidance in Topic 606. The effective dates are the same as those for Topic 606. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.

	Six months ended June 30, 2017	Year ended December 31, 2016
Product warranty liability:
Opening balance	$65,593	$64,195
Accruals for product warranties issued in the period	4,933	1,398
Ending liability	$70,526	$65,593

~~In April 2016, the FASB issued ASU 2016~~-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance on identifying performance obligations and improves the operability and understandability of licensing implementation guidance. The effective date for ASU 20167-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.

On March 30, 2016, the FASB issued ASU No. 2016-09, Compensation- Stock Compensation Improvements to Employee Share-Based Payment Accounting, which simplifies various aspects related to the accounting and presentation of share-based payments. The amendments require entities to record all tax effects related to share-based payments at settlement or expiration through the income statement and the windfall tax benefit to be recorded when it arises, subject to normal valuation allowance considerations. All tax-related cash flows resulting from share-based payments are required to be reported as operating activities in the statement of cash flows. The updates relating to the income tax effects of the share-based payments including the cash flow presentation must be adopted either prospectively or retrospectively. Further, the amendments allow the entities to make an accounting policy election to either estimate forfeitures or recognize forfeitures as they occur. If an election is made, the change to recognize forfeitures as they occur must be adopted using a modified retrospective approach with a cumulative effect adjustment recorded to opening retained earnings. The effective date of the new standard for public companies is for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations. (k)

10Shipping and ~~Table of Contents~~Handling

~~ENVIRONMENTAL~~ In accordance ~~PACKAGING~~with ~~TECHNOLOGIES~~FASB ~~HOLDINGS~~ASC 605-45 (Emerging Issues Task Force (EITF) Issue No. 00-10, ~~INC~~“Accounting for Shipping and Handling Fees and Costs”), the Company includes shipping and handling fees billed to customers in net revenues. Amounts incurred by the Company for freight are included in cost of goods sold.

(~~FORMERLY INTERNATIONAL METALS STREAMING CORP.~~l)

~~Notes to Unaudited Condensed Consolidated Financial Statements~~Segment Reporting

~~March~~ “Disclosure 31About Segments of an Enterprise and Related Information” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, ~~2017~~geography, legal structure, management structure, or any other manner in which management disaggregates a company. The Company’s management considers its business to comprise three segments for reporting purposes. (See Note 15)

~~On March 15, 2016, the FASB issued ASU No. 2016-07, Investment—Equity Method and Joint ventures~~ (~~Topic 323~~m), To simplify the accounting for equity method investments, the amendments in the Update eliminate the requirement in Topic 323 that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investors previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The amendments in this Update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments should be applied prospectively upon their effective date to increases in the level of ownership interest or degree of influence that result in the adoption of the equity method. Earlier application is permitted. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.

~~On March 3, 2016, the FASB issued ASU No. 2016-04, Liabilities —Extinguishments~~ Computation of ~~Liabilities~~Earnings ~~Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products, when an entity sells a prepaid stored-value product~~ (~~such as gift cards, telecommunication cards, and traveler’s checks~~Loss), itper recognizes a financial liability for its obligation to provide the product holder with the ability to purchase goods or services at a third-party merchant. When a prepaid stored-value product goes unused wholly or partially for an indefinite time period, the amount that remains on the product is referred to as breakage. There currently is diversity in the methodology used to recognize breakage. Subtopic 405-20 includes derecognition guidance for both financial liabilities and nonfinancial liabilities, and Topic 606, Revenue from Contracts with Customers, includes authoritative breakage guidance but excludes financial liabilities. The amendments in this Update provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage be accounted for consistent with the breakage guidance in Topic 606. The amendments in this Update are effective for public business entities, certain not-for-profit entities, and certain employee benefit plans for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Earlier application is permitted, including adoption in an interim period. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.Share

On Basic ~~February~~net ~~24,~~income ~~2016,~~(loss) ~~the~~per ~~FASB~~common ~~issued~~share ~~ASU~~is ~~No.~~computed ~~2016-02,~~by ~~Leases,~~dividing net ~~requiring~~income ~~lessees~~(loss) attributable to ~~recognize~~common astockholders ~~right-of-use~~by ~~asset and a lease liability on~~ the weighted ~~balance~~average ~~sheet~~number ~~for~~of ~~all~~shares ~~leases with the exception~~ of ~~short-term~~common ~~leases.~~stock ~~For~~outstanding during ~~lessees, leases will continue to be classified as either operating or finance leases in~~ the ~~income statement~~period. ~~Lessor~~Average ~~accounting~~outstanding isprimary ~~similar~~shares towas 36,217,426 ~~the~~and ~~current~~16,984,179 for ~~model but updated to align with certain changes to~~ the ~~lessee~~six ~~model.~~months ~~Lessors~~ended ~~will~~June ~~continue~~30, 2017 toand ~~classify leases as operating~~2016, ~~direct financing or sales-type leases~~respectively. ~~The~~On ~~effective~~a ~~date~~dilutive ofbasis, the ~~new~~average outstanding ~~standard~~dilutive ~~for~~shares ~~public~~was ~~companies~~38,215,866 isand 29,184,271 for ~~fiscal~~the six ~~years~~months ~~beginning~~ended ~~after~~June ~~December 15~~30, ~~2018~~2017 and ~~interim~~2016, ~~periods within those fiscal years~~respectively. ~~Early~~Net ~~adoption~~income is(loss) ~~permitted.~~per ~~The~~common ~~new~~share ~~standard~~attributable ~~must~~to common bestockholders ~~adopted~~assuming ~~using~~dilution ais ~~modified~~computed ~~retrospective~~by ~~transition~~dividing ~~and~~net income ~~requires~~by ~~application of~~ the ~~new~~weighted ~~guidance~~average atnumber ~~the beginning~~ of ~~the~~shares ~~earliest comparative period presented. The updated standard is effective for us beginning in the first quarter~~ of ~~fiscal~~common ~~2020.~~stock outstanding ~~The~~plus ~~Company does not expect~~ the ~~adoption~~number of ~~this~~additional ~~amendment~~common toshares that would have abeen ~~material~~outstanding ~~effect~~if onall dilutive ~~its~~potential ~~financial~~common ~~condition~~shares ~~and~~had ~~results of operations~~been issued.

In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. The purpose is to enhance the reporting model for financial instruments to provide users of financial statements with more decision-useful information. This ASU is effective for the Company in the first quarter of 2018. Early adoption is not permitted except for limited provisions. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations. (n)

In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes. This is part of FASB's simplification initiative. The amendments in this ASU require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for the Company in the first quarter of 2017. Early adoption is permitted. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.Taxation

~~In September 2015,~~ Because the ~~FASB~~Company ~~issued~~and ~~ASU~~its ~~2015-16,~~subsidiaries ~~Simplifying~~are ~~the~~incorporated ~~Accounting~~in ~~for~~different jurisdictions, ~~Measurement-Period~~they ~~Adjustments~~file ~~which~~separate ~~allows~~income ~~entities~~tax toreturns. ~~recognize~~The ~~adjustments~~Company uses tothe ~~provisional~~liability ~~amounts~~method inof ~~the~~accounting ~~period~~for ~~adjustment~~income istaxes ~~identified~~in accordance ~~rather~~with ~~than~~US ~~retrospectively~~GAAP. ~~In-period~~Deferred ~~adjustments~~taxes, ~~must~~if beany, ~~disclosed.~~are ~~This~~recognized ~~ASU is effective~~ for the ~~Company~~future intax ~~the~~consequences ~~first quarter~~ of ~~2016.~~temporary ~~The~~differences ~~amendments~~between ~~should~~the tax bebasis ~~applied~~of ~~prospectively~~assets toand ~~adjustments~~liabilities toand ~~provisional~~their reported amounts ~~that occur after~~ in the ~~effective~~consolidated ~~date~~financial ~~of this ASU~~statements. ~~Early~~A ~~adoption~~valuation allowance is provided ~~permitted~~against ~~for~~deferred ~~financial~~tax ~~statements~~assets ~~that~~if ~~have~~it ~~not~~is ~~been~~more ~~issued.~~likely ~~The~~than ~~Company does~~ not that ~~expect~~ the ~~adoption~~asset ofwill ~~this~~not ~~amendment~~be toutilized ~~have~~in athe ~~material effect on its financial condition and results of operations~~future.

11 The Company ~~Table~~recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of ~~Contents~~the position. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense. The Company had no uncertain tax positions as of June 30, 2017 and December 31, 2016, respectively.

~~ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.~~ (o)

~~(FORMERLY INTERNATIONAL METALS STREAMING CORP.)~~Comprehensive Income

~~Notes~~ The Company toreports ~~Unaudited~~comprehensive ~~Condensed~~income ~~Consolidated~~in ~~Financial~~accordance ~~Statements~~with the FASB issued authoritative guidance that establishes standards for reporting comprehensive income and its component in consolidated financial statements. Comprehensive income, as defined, includes all changes in equity during a period from non-owner sources.

~~March 31, 2017~~ (p)

~~In August 2015, the~~ Derivative Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-15, "Interest - Imputation of Interest (Subtopic 835-30)." ASU 2015-15 provides guidance as to the presentation and subsequent measurement of debt issuance costs associated with line of credit arrangements. We do not expect the adoption of ASU 2015-15 to have a material effect on our financial position, results of operations or cash flows. We do not expect the adoption of ASU 2015-15 to have a material effect on our financial position, results of operations or cash flows.Instruments

In When ~~August~~the ~~2015,~~Company ~~the~~issues ~~FASB~~debt ~~issued~~that ~~ASU~~contains ~~No.~~a ~~2015-14~~conversion feature, the ~~Revenue~~Company ~~From~~first ~~Contracts~~evaluates ~~With~~whether ~~Customers~~the ~~(Topic~~conversion ~~606)."~~feature ~~The~~meets the ~~amendments~~requirements into ~~this~~be ~~ASU~~treated ~~defer~~as ~~the~~a ~~effective~~derivative: ~~date~~a) ofone ~~ASU~~or ~~2014-09.~~more underlying’s, ~~Public~~typically ~~business~~the ~~entities~~price ~~should~~of ~~apply~~ the ~~guidance~~Company's instock; ~~ASU~~b) one ~~2014-09~~or tomore ~~annual~~notional ~~reporting~~amounts ~~periods~~or ~~beginning~~payment ~~after~~provisions ~~December~~or 15both, generally ~~2017,~~the ~~including~~number ~~interim~~of ~~reporting~~shares ~~periods~~upon ~~within~~conversion; ~~that~~c) ~~reporting~~no ~~period.~~initial ~~Earlier~~net investment, ~~application~~which istypically ~~permitted~~excludes ~~only~~the asamount ofborrowed; ~~annual~~and ~~reporting~~d) net ~~periods~~settlement ~~beginning~~provisions, ~~after~~which ~~December~~in ~~15,~~the ~~2016,~~case ~~including~~of ~~interim~~convertible ~~reporting~~debt generally ~~periods~~means ~~within~~the ~~that~~stock ~~reporting~~received ~~period.~~upon Weconversion docan ~~not~~be ~~expect~~readily sold ~~adoption~~for ofcash. ~~ASU~~There ~~2015-14~~are tocertain ~~have~~scope aexceptions ~~material~~from ~~effect~~derivative treatment, onbut ~~our~~these ~~financial~~typically ~~position,~~exclude ~~results~~conversion offeatures ~~operations~~that provide orfor ~~cash~~a ~~flows~~variable number of shares.

~~In July 2015, the FASB issued ASU No. 2015~~-~~11, "Simplifying the Measurement of Inventory (Topic 330)." ASU 2015~~8-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, first-out ("LIFO") method by prescribing that inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows. We do not expect adoption of ASU 2015-14 to have a material effect on our financial position, results of operations or cash flows

In When ~~April 2015,~~ the ~~FASB~~Company ~~issued~~issues ~~ASU~~warrants ~~2015-05,~~to ~~"Intangibles~~purchase -our ~~Goodwill~~common ~~and~~stock, ~~Other~~we must -evaluate ~~Internal-Use~~whether ~~Software~~they ~~(Subtopic~~meet ~~350-40)." ASU 2015-05 provides guidance regarding~~ the ~~accounting~~requirements ~~for~~to abe ~~customer's~~treated ~~fees~~as ~~paid in~~ a derivative. ~~cloud~~Generally, ~~computing~~warrants ~~arrangement;~~would ~~specifically~~be ~~about~~treated ~~whether~~as a ~~cloud~~derivative ~~computing arrangement includes a software license, and~~ if the ~~so,~~provisions ~~how~~of ~~to account for~~ the ~~software~~warrant ~~license.~~agreement ~~ASU~~create ~~2015-05~~uncertainty isas ~~effective~~to ~~for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2015 on either~~ a ~~prospective or retrospective basis. Early adoption is permitted. We do not expect~~ ) the ~~adoption~~number of ~~ASU~~shares ~~2015-05~~ to ~~have~~be aissued ~~material~~upon ~~effect~~exercise; onor ~~our~~b) ~~financial~~whether shares ~~position,~~may ~~results~~be ofissued ~~operations~~upon ~~or cash flows~~exercise.

In If ~~June~~the ~~2014,~~conversion feature within convertible debt or warrants meet the ~~FASB~~requirements ~~issued~~to ~~ASU~~be ~~2014-10~~treated as a derivative, ~~"Development~~we ~~Stage~~estimate ~~Entities~~the fair ~~(Topic~~value ~~915):~~of ~~Elimination~~the derivative liability using the Black-Scholes Option Pricing Model upon the date of ~~Certain~~issuance. ~~Financial~~If ~~Reporting~~the ~~Requirements,~~fair ~~Including~~value of anthe ~~Amendment~~derivative toliability ~~Variable~~is ~~Interest~~higher ~~Entities~~than ~~Guidance~~the inface ~~Topic~~value ~~810~~of the convertible debt, ~~Consolidation".~~the ~~The~~excess ~~guidance~~is ~~eliminates~~immediately recognized as interest expense. Otherwise, the ~~definition~~fair value of the derivative liability is recorded as a ~~development~~liability ~~stage~~with ~~entity~~an ~~thereby~~offsetting ~~removing~~amount recorded as a debt discount, which offsets the ~~incremental~~carrying ~~financial~~amount of the debt. The derivative liability is revalued at the end of each reporting period ~~requirements~~and ~~from~~any ~~U.S.~~change ~~GAAP~~in ~~for~~fair ~~development~~value oris ~~exploration~~recorded ~~stage~~as ~~entities,~~a ~~primarily~~change ~~presentation~~in offair value ~~inception~~in tothe ~~date~~consolidated ~~financial~~statement ~~information~~of operations. The ~~provisions~~debt discount is amortized through interest expense over the life of the debt. ~~amendments~~Derivative instrument liabilities and the host debt agreement are ~~effective~~classified ~~for~~on ~~annual~~the ~~reporting~~balance ~~periods~~sheet ~~beginning~~as ~~after~~current ~~December~~or ~~15,~~non-current ~~2014,~~based on ~~and~~whether settlement of the ~~interim~~derivative ~~periods~~instrument ~~therein.~~could ~~The~~be required ~~Company~~within ~~has~~twelve ~~adopted~~months ~~this~~of ~~standard~~the balance sheet date.

In The ~~August~~accounting ~~2014,~~treatment ~~the~~of ~~FASB~~derivative ~~issued~~financial ~~ASU~~instruments requires ~~2014-15,~~that ~~"Presentation~~the ofCompany ~~Financial~~record ~~Statements~~the –embedded ~~Going~~conversion ~~Concern~~option ~~(Topic~~and warrants ~~205-40)",~~at ~~which~~their ~~requires~~fair ~~management~~values toas ~~evaluate~~of ~~whether~~the ~~there~~inception isdate ~~substantial~~of ~~doubt~~the agreement ~~about~~and anat ~~entity's~~fair ~~ability~~value ~~to continue~~ as aof ~~going concern for~~ each ~~annual~~subsequent ~~and~~balance ~~interim reporting period~~sheet date. IfAny ~~substantial~~change ~~doubt~~in ~~exists,~~fair ~~additional~~value ~~disclosure~~ is ~~required.~~recorded ~~This~~as ~~new~~non-operating, non-cash ~~standard~~income ~~will~~or beexpense ~~effective~~ for ~~the~~each ~~Company~~reporting ~~for~~period ~~annual~~at ~~and~~each balance ~~interim~~sheet ~~periods~~date. ~~beginning~~The ~~after~~Company ~~December~~reassesses ~~15,~~the ~~2016.~~classification ~~Early~~of its ~~adoption~~derivative isinstruments ~~permitted.~~at ~~The~~each ~~Company~~balance ~~has~~sheet ~~adopted~~date. ~~this~~If ~~new~~the classification ~~standard~~changes as ofa ~~the~~result ~~fiscal~~of ~~year~~events ~~ended~~during ~~December~~the 31period, ~~2014~~the contract ~~and~~is ~~the~~reclassified ~~Company~~as ~~will~~of ~~continue~~the todate ~~assess~~of the ~~impact~~event onthat ~~its~~caused the ~~financial statements~~reclassification.

~~There~~ As ~~are~~of ~~various~~June ~~other~~30, ~~updates recently issued~~2017, ~~most~~the ofCompany ~~which~~does ~~represented~~not ~~technical~~consider ~~corrections~~any toof the convertible ~~accounting~~debt ~~literature~~and orrelated ~~application~~warrants toissued ~~specific~~in ~~industries~~2017 ~~and~~to ~~are~~be considered ~~not~~derivatives ~~expected~~and totherefore athere ~~have~~is ano ~~material~~requirement ~~impact~~to record on the ~~Company's~~convertible ~~financial~~debt ~~position,~~and ~~results~~related ofwarrants ~~operations~~at ortheir ~~cash~~estimated fair ~~flows~~values.

~~12 Table of Contents~~ (q)

~~ENVIRONMENTAL~~Recent Accounting ~~PACKAGING TECHNOLOGIES HOLDINGS, INC.~~Pronouncements

In May 2014, the Financial Accounting Standards Board (~~FORMERLY~~the “FASB”) ~~INTERNATIONAL~~issued ~~METALS~~Accounting ~~STREAMING~~Standards ~~CORP~~Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. ASU 2014-09 also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Based on the FASB’s Exposure Draft Update issued on April 29, 2015, and approved in July 2015, Revenue from Contracts With Customers (Topic 606): Deferral of the Effective Date, ASU 2014-09 is now effective for reporting periods beginning after December 15, 2017, with early adoption permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Entities will be able to transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The adoption of ASU 2014-09 is not expected to have any impact on the Company’s consolidated financial statement presentation or disclosures.

~~Notes~~ In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which, among other things, requires the recognition of lease assets and lease liabilities on the balance sheets of lessees, along with the disclosure of key information about leasing arrangements. When effective, the ASU will supersede, and add Topic to ~~Unaudited~~the ~~Condensed~~FASB ~~Consolidated~~ASC. ~~Financial~~In ~~Statements~~addition to replacing with FASB ASC 842, it also amends and supersedes a number of other paragraphs throughout the FASB ASC. The ASU is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company is still evaluating the impact ASU 2016-02 will have on its consolidated financial statements.

~~March~~ Management 31does not believe that any other recently issued, ~~2017~~but not yet effective, authoritative guidance, if currently adopted, would have a material impact on the Company’s consolidated financial statement presentation or disclosures.

~~NOTE 3 – GOING CONCERN~~-9-

The Company's unaudited condensed financial statements are prepared using US GAAP applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business 5. ACCOUNTS ~~The Company had incurred net losses of $15~~RECEIVABLE,~~034~~ and $72,803 for the three months ended March 31, 2017 and March 31, 2016, respectively. As of March 31, 2017 and December 31, 2016, our accumulated deficit was $892,587 and $877,553, respectively. The Company has not established an ongoing source of revenues sufficient to cover its operating costs, and requires additional capital to commence its operating plan. The ability of the Company to continue as a going concern is dependent on the sufficiency of its capital or obtaining additional capital to fund operating losses. If the Company requires or is unable to obtain additional capital, it could be forced to cease operations. These factors raise substantial doubt about the Company's ability to continue as a going concern.NET

~~NOTE~~ The Company’s 4net -accounts ~~NOTES~~receivable ~~PAYABLE,~~is ~~THIRD~~as ~~PARTY~~follows:

The Company had no notes payable to third parties as of March 31, 2017.

	June 30,	December 31,
	2017	2016
Trade accounts receivable	$2,697,962	$2,899,242
Less: allowance for doubtful accounts	(25,037)	(20,773)
Total accounts receivable, net	$2,672,925	$2,878,469

~~On April 4, 2014, the Company issued a note payable to a third party in the amount of $57,039~~ 6. ~~The note was due and payable on April 4~~ INVENTORIES, ~~2015 and carries an interest rate of 8% per annum.~~ NET

~~On April 2, 2015, the~~ The Company’s ~~issued~~inventories aare ~~note~~as ~~payable to a third party in the amount of $2,500. The note is due and payable on April 2, 2016 and carries an interest rate of 8% per annum.~~ follows:

On November 12, 2015, the Company issued a note payable to a third party in the amount of $2,948. The note is due and payable on November 11, 2016 and carries an interest rate of 8% per annum.

	June 30,	December 31,
	2017	2016
Raw materials	$364,498	$533,132
Finished goods	1,866,551	1,773,501
Less: allowance for slow-moving inventories	(91,544)	(88,959)
Total inventories, net	$2,139,505	$2,217,674

~~On March 30, 2016, the Company issued a note payable to a third party in the amount of $18,290~~ 7. ACCRUED ~~The note is due and payable on March 29, 2017 and carries an interest rate of 8% per annum.~~ LIABILITIES

~~On September 30, 2016, the~~ The Company’s ~~issued~~accrued aliabilities ~~note~~are ~~payable~~comprised ~~to a third party in the amount~~ of ~~$15,000. The note is due and payable on September 29, 2017 and carries an interest rate of 8% per annum.~~ the following:

Effective September 30, 2016, the Company was able to secure release of obligations of $108,688 with respect to the above notes payable and accrued interest which was recorded as gain on forgiveness of debt during the year ended December 31, 2016.

	June 30,	December 31,
	2017	2016

Warranty reserve	$70,526	$65,593
Accrued taxes	416,794	73,991
Accrued interest	-	71,182
Accrued legal settlement	278,196	661,667
Accrued professional fees	34,071	42,125
Other accrued liabilities	25,479	31,556
Accrued Big Red Resources invoices	214,125	195,735
Equity Issuance Cost Liability	192,600	-
Total	$1,231,791	$1,141,849

~~NOTE~~ 8. RELATED 5PARTY ~~– COMMITMENTS AND CONTINGENCIES~~TRANSACTIONS

~~The~~ Transactions with ~~Company~~related ~~has~~parties nonot ~~commitments~~disclosed orelsewhere ~~contingencies~~in asthese ofconsolidated financial ~~March~~statements ~~31,~~are ~~2017~~described ~~and December 31, 2016~~below.

~~From~~ The Company ~~time~~does tobusiness ~~time~~with Zip Line Transportation, LLC which is owned by the Company’s ~~may~~President. ~~become~~Zipline is a ~~party~~local transportation tocompany ~~litigation~~based ~~matters~~in ~~involving~~Houston ~~claims~~that ~~against~~is used to move product from the ~~Company~~Houston location. ~~Management~~The ~~believes~~Company ~~that~~paid itZipline isfor trucking ~~adequately~~services ~~insured~~in the amounts $575,608 and $484,676 for ~~its~~the ~~operations~~six months ended June 30, 2017 and ~~there~~2016, ~~are~~respectively. noAs ~~current~~of ~~matters~~June ~~that~~30, 2017, ~~would~~and ~~have~~December a31, ~~material~~2016, ~~effect~~the onCompany had outstanding payables to Zipline of $68,105 and $130,552, respectively. Also, as of December 31, 2016, the Company's ~~financial~~had ~~position~~an oroutstanding ~~results~~payable to David Skriloff of ~~operations~~$15,000, which was paid off during the six months ended June 30, 2017.

~~NOTE 6 – RELATED PARTY TRANSACTIONS~~-10-

~~During~~ In addition, ~~the~~several ~~three~~of ~~months~~the ~~ended~~Company’s ~~March~~lenders ~~31,~~are ~~2017~~also ~~and~~large shareholders. ~~2016,~~The ~~the~~table ~~Company~~below ~~incurred~~provides ~~consulting~~a ~~fees~~listing of ~~$1,500~~such investors including percentage ownership and ~~$1,000,~~amount ~~respectively,~~owed. ~~for~~It ~~services~~also ~~provided~~provides bya list ~~its~~of ~~current~~the ~~officer~~Company’s ~~and~~directors ~~director~~who were also lenders to the Company.

13 Table of Contents

Investor	Relationship		Debt Held		Percentage Ownership
As of December 31, 2016
GPB Debt Holding II, LLCC	Senior Lender		$	2,911,818	9.8%
David Belding	Director		$	150,000	17.7%
Joseph Kowal	Director		$	-	14.4%
MKM Opportunity Master Fund, Ltd.	Shareholder/debtor	(1)	$	-	17.7%
OMB Acquisition Corp, LLC	Shareholder/debtor		$	14,339,664	7.7%	(2)
Ranmor, LLC	Shareholder/debtor		$	200,000	2.8%	(3)

As of June 30, 2017
GPB Debt Holding II, LLCC	Senior Lender		$	-	5.2%
David Belding	Director		$	150,000	15.5%
Joseph Kowal	Director		$	-	14.2%
MKM Opportunity Master Fund, Ltd.	Shareholder/debtor		$	-	13.4%
OMB Acquisition Corp, LLC	Shareholder/debtor		$	375,000	0.0%
Ranmor, LLC	Shareholder/debtor		$	-	0.0%
Aegis Capital Corporation	Shareholder/debtor		$	50,000	0.0%

~~ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.~~ (1)

~~(FORMERLY~~ In ~~INTERNATIONAL~~January, ~~METALS~~2016 ~~STREAMING~~David ~~CORP~~Skriloff, a member at MKM Opportunity Master Fund joined the board and in June, 2016 became interim CEO, and then in April, 2017 became CEO.)

~~Notes to Unaudited Condensed Consolidated Financial Statements~~ (2)

~~March~~ OMB 31Acquisition Corp is 1/3 owned by David Belding, ~~2017~~1/3 owned by Joseph Kowal and 1/3 owned by MKM Opportunity Master fund.

~~NOTE 7 – EQUITY~~ (3)

~~Preferred~~ Assumes ~~Stock~~the conversion of Ranmor's convertible note.

~~The~~ During the ~~Company~~quarterly isperiods ~~authorized~~ended toJune ~~issue 10~~30,~~000,000~~ ~~shares~~2017 ofand ~~preferred~~2016, ~~stock~~the ~~with~~Company incurred a$192,333 ~~par~~and ~~value of~~ $~~0.0001~~182,999 ~~per~~respectively ~~share~~as ~~("Preferred~~compensation ~~Stock").~~for Noall directors ~~Preferred~~and ~~Stock has been issued to date~~officers.

~~Common~~ All related ~~Stock~~party transactions involving provision of services or tangible assets were recorded at the exchange amount, which is the value established and agreed to by the related parties.

~~The Company is authorized to issue 108,539,500 shares of common stock with a par value of $0~~ 9.~~0001~~ ADVANCE ~~per~~FROM share ("Common Stock"). On October 7, 2013, the Company's board of directors approved a 2.5 for 1 forward stock-split of its issued and outstanding shares of Common Stock (the "Stock Split"). The Stock Split affected all shares of Common Stock outstanding immediately prior to the record date of October 3, 2013, and each stockholder of one share of Common Stock as of such record date received 2.5 shares of Common Stock. The Stock Split did not affect the par value of the Common Stock. No fractional shares were issued. The Stock Split increased the number of issued and outstanding shares of Common Stock from 5,400,035 to 13,500,092. These notes and the accompanying unaudited condensed consolidated financial statements give retroactive effect to the Stock Split. The Company had 23,810,853 shares of Common Stock issued and outstanding at March 31, 2017 and December 31, 2016.CUSTOMER

On The Company ~~August~~received 9,an ~~2013,~~advance ~~the~~payment ~~Company sold 3,052,864 shares~~ of ~~Common Stock (the "Initial Shares") at~~ $~~1.965 per share to two accredited investors (the "Initial Investors"). The closing thereof occurred on August 9~~500,000 ~~2013~~from ~~with~~a ~~gross~~customer ~~proceeds to the Company of $6 million~~ in connection ~~thereof,~~with ~~comprised~~flexitanks ofpurchase ~~$1 million~~ in ~~cash and $5 million in promissory notes issued by Preciosa Streaming Company Inc~~2015., aIn ~~Barbados~~June ~~company ("Preciosa"). Preciosa issued the promissory notes to the Initial Investors~~2015, ~~who, in turn, assigned them to~~ the Company atshipped ~~the~~an ~~Closing~~order ~~pursuant~~based ~~to a Note Assignment Agreement entered into by and between Company and each Initial Investor~~ on ~~August~~this 9,advance ~~2013. Preciosa repaid these notes~~ in ~~full to~~ the ~~Company~~amount ~~on September 20, 2013. Preciosa also reimbursed to the Company~~ of $282,~~263~~311 inand ~~legal~~recognized ~~fees~~that ~~incurred~~as ~~by the Company~~revenues. The ~~cash proceeds from issuance of the Initial Shares were placed into a trust account maintained by the~~ Company's ~~counsel~~has ~~until~~not received ~~such~~any ~~time~~orders ~~that the Company could establish a bank account~~since. ~~However~~Consequently, onthe ~~March~~remaining 11$497,689 ~~2014,~~is still ~~the~~recorded ~~proceeds,~~as ~~less~~an ~~the~~advance ~~costs~~from ~~incurred~~customer inas ~~the~~at ~~pursuit~~June ~~of the metals streaming business~~30, ~~were returned to the investors~~ 2017.

On August 9, 2013, the Company caused 8,886,662 shares of Common Stock held by a stockholder to be cancelled pursuant to a Cancellation Agreement entered into by and between the Company and such stockholder on August 9, 2013. The Company recognized a loss of $164 on the cancellation of this stock.-11-

~~On December 9, 2013, the Company sold 1,017,716 shares of Common Stock (with the Initial Shares, collectively the "Shares") at $1~~ 10.~~965~~ SHORT-TERM per share to two accredited investors (with the Initial Investors, collectively the "Investors"). The closing thereof occurred on December 9, 2013, with gross proceeds to the Company of $2 million. The cash proceeds from issuance of these shares were placed into a trust account maintained by the Company's counsel until such time that the Company could establish a bank account. However, on March 11, 2014, the proceeds, less the costs incurred in the pursuit of the metals streaming business, were returned to the investors.NOTES

~~On December 9, 2013, the~~ The Company’s ~~sold~~short-term ~~3,328,181~~notes ~~shares~~payable ofare ~~Common Stock at $0.0001 per share for gross proceeds of $153.~~as follows:

14 Table of Contents

	June 30,	December 31,
	2017	2016

Senior secured notes (A)	$50,000	$3,200,000
Secured convertible notes (B)	-	795,000
Preferred note (C)	375,000	375,000
Subordinated convertible note (D)	-	200,000
Promissory notes (E)	150,000	150,000

Total	$575,000	$4,720,000

~~ENVIRONMENTAL PACKAGING TECHNOLOGIES HOLDINGS, INC.~~ (A)

Pursuant to a Securities Purchase Agreement dated October 15, 2015, the Company sold an aggregate of $3,500,000 in principal amount of 12% senior secured one- year notes secured by all assets of the Company, and 318,446 post-split common shares of the Company’s common stock to GBP Debt Holdings II, LLC and Riverside Merchant Partners, Inc. (~~FORMERLY~~“GBP/Riverside”). ~~INTERNATIONAL~~The ~~METALS~~Senior ~~STREAMING~~Secured ~~CORP~~Notes were sold at a price of approximately $943 for each $1,000 of principal amount and as a consequence net proceeds before other expenses was $3,300,000; and the Company recognized an upfront interest charge of $200,000. In conjunction with this financing, the Company paid its agent Aegis Capital Corp. (“Aegis”), $280,000 and 140,000 common shares.

~~Notes~~ Effective October 15, 2016 the Company’s $3,841,183 senior secured notes with GPB Holdings II, LLC (“GBP”) and Riverside Merchant Partners, LLC (“Riverside”) became due and payable but were not repaid. Effective October 19, 2016, GPB and Riverside agreed to ~~Unaudited~~forbear ~~Condensed~~from ~~Consolidated~~taking ~~Financial~~any ~~Statements~~remedial action.

~~March~~ In ~~31,~~the months of April 2017 and May 2017, the Company has repaid the majority of the loan and refinanced the remaining amount of the note.

~~On March 10, 2014, due to its determination that the metals streaming business was no longer desirable, the Company and the Investors rescinded their transactions pertaining to the Shares~~ i. In connection with such rescission: (a) each Investor agreed to return that portion of the Shares issued to such Investor, (b) the Company agreed to return the proceeds from the sale of the Shares to the Investors, net of all payments therefrom by the Company as of the date of the rescission, and (c) the Company and the Investors each agreed to release all claims that each of them may have against the other.

OnIn ~~March~~May 112017, ~~2014,~~the remaining ~~$7,389,184~~amounts of the $8GPB ~~million~~Debt ~~proceeds~~Holdings ~~from the sale of 4~~II,~~070,581~~ ~~shares~~LLC ofand ~~Common~~Riverside Merchant ~~Stock,~~Partners ~~less costs of $610~~principal,~~816,~~ ~~was~~accrued ~~returned~~interest toand ~~the~~default ~~Investors.~~interest that Inwas ~~connection~~not ~~therewith,~~repaid during the ~~certificates~~ExWorks ~~representing~~initial ~~such~~drawdown ~~shares~~was restructured ~~have~~in ~~been surrendered to~~ the ~~Company~~following ~~for cancellation.~~manner:

~~On November 5, 2015, two shareholders surrendered an aggregate of 3,328,181 shares of Common Stock to the Company and cancelled for no consideration~~ a.

OnThe ~~September~~Company 22entered into short-term promissory note agreements with GPB Debt Holdings II, ~~2016~~LLC, ~~the~~Riverside ~~former~~Merchant ~~sole~~Partners, ~~officer~~ and ~~director~~Aegis ~~surrendered~~Capital anCorporation (as ~~aggregate~~the placement agent) for the amounts of 2$143,~~442~~158,~~139~~ ~~shares~~$10,206, $50,000, respectively, totaling $203,364. Interest on each of ~~Common~~the notes ~~Stock~~is to1.15% per annum and is compounded monthly. The notes mature on the ~~Company~~earlier of June 26, 2017 or the date on which ~~were~~the Company ~~cancelled~~completes a financing generating aggregate gross proceeds equal to or exceeding $750,000. See subsection (E) below for promissory notes. The notes with GPB Debt Holdings II and Riverside Merchant Partners was paid in full on June 29, 2017, and the note with Aegis was paid in full in July 2017.

On February 1, 2017, a shareholder surrendered 24,999 shares of Common Stock to the Company which was immediately reissued to former legal counsel in connection with a settlement agreement regarding outstanding liabilities b.

OnThe ~~February 1, 2017, the~~ Company’s ~~director~~issued 998 ~~and~~shares ~~holders~~of ~~the~~Series ~~majority~~B ofConvertible ~~the~~Preferred ~~Company’s~~Stock, ~~outstanding~~$.001 ~~stock~~par value, byto ~~written~~GPB ~~consent~~Debt ~~approved~~Holdings aII, ~~name~~LLC ~~change~~and ~~from~~Riverside ~~International~~Merchant Partners, ~~Metals~~which ~~Streaming~~are ~~Corp.~~convertible tointo ~~Environmental~~shares ~~Packaging~~of ~~Technologies~~Common ~~Holdings~~Stock, ~~Inc~~$.001 par ~~Further~~value, inas ~~February~~payment ~~2017, the Company’s director approved a forward split~~ of ~~the~~all ~~Company’s~~default ~~outstanding~~interest and ~~authorized~~payment ~~common stock at a ratio of 2~~premiums remaining.~~17079~~ ~~to 1.~~ The ~~Company~~preferred ~~also~~stock ~~requested~~is ~~that~~convertible ~~Financial~~at ~~Industry Regulatory Authority (“FINRA”) change the symbol from IMST to EPTI~~$.50 ~~The~~per ~~Company~~share ~~submitted~~and carries ana ~~issuer~~dividend ~~company-related~~of ~~action~~6% ~~notification~~that ~~form~~can tobe ~~FINRA~~accrued ~~requesting~~at ~~FINRA approve~~ the ~~name change, forward split and symbol change. The~~ Company ~~received FINRA~~’s ~~approval on February 14, 2017 with an effective date of February 16, 2017~~ option. ~~These notes and the accompanying unaudited condensed consolidated financial statements give retroactive effect to the Stock Split~~

~~NOTE 8 - SUBSEQUENT EVENTS~~ (B)

~~The~~In November 2016, the Company ~~has~~closed ~~evaluated~~a ~~subsequent~~financing ~~events~~of ~~through~~$795,000 ~~the~~in ~~date~~six ~~these~~month ~~unaudited~~Secured Convertible ~~condensed~~Notes ~~consolidated~~with ~~financial~~select ~~statements~~accredited investors. The notes mature six months from date of issuance, carry a 12% interest rate, and ~~determined~~are ~~that~~convertible ~~there~~into common stock at any time prior to maturity at the option of the holder at a price of $5 per share. In addition, the notes carry a warrant to purchase 79,500 shares at an exercise price of $0.01 per share. The notes are nosecured by a second-priority secured interest in all assets of the Company. During the six months ended June 30, 2017, $305,000 was paid and financing of an additional ~~reportable~~$50,000 ~~subsequent~~was ~~events~~received from an accredited investor with the same terms noted previously. The note carries a warrant to purchase 50,000 shares at an exercise price of $0.001 per share. In addition, during the months of April 2017 and May 2017, the accredited investors of the six month Secured Convertible Note made their decisions to convert $540,000 of unpaid principal and $24,000 of unpaid interest into 1,116,000 shares of common stock and the obligation to issue 6,000 shares of common stock.

~~15 Table of Contents~~-12-

~~ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.~~ (C)

~~The~~On ~~following~~October ~~discussion~~15, 2015, ~~and analysis summarizes~~ the ~~significant~~Company ~~factors~~issued ~~affecting~~a ~~our~~preferred ~~condensed~~note ~~results~~to ofOMB ~~operations,~~Acquisition ~~financial condition and liquidity position for the three months ended March 31~~Corp., LLC ~~2017.~~(“OMB”) ~~These unaudited condensed consolidated financial statements should be read in conjunction~~ with ~~the~~a ~~financial~~principal ~~statements~~sum of ~~the Company for the year ended December 31~~$375,000. ~~2016~~Interest on ~~and notes thereto contained in~~ the ~~information~~note ~~filed~~has asbeen ~~part~~waived ofby the ~~Company's Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission ("SEC") on February 17, 2017~~lender. The ~~following~~note ~~discussion~~matured ~~and~~on November ~~analysis contains forward-looking statements that reflect our plans~~15, ~~estimates~~2016 and ~~beliefs.~~was ~~Our~~automatically ~~actual~~extended ~~results~~for ~~could~~one ~~differ~~year ~~materially~~as elected ~~from~~by ~~those discussed in~~ the ~~forward-looking statements~~Company.

~~Forward-Looking Statements~~ (D)

~~Forward-looking~~On ~~statements~~November ~~in this Quarterly Report on Form 10-Q~~15, ~~including without limitation~~ 2015, ~~statements~~the ~~related~~Company toissued ~~our~~a ~~plans,~~subordinated ~~strategies,~~convertible ~~objectives,~~note ~~expectations,~~with ~~intentions~~a principal ~~and~~sum ~~adequacy~~ of ~~resources~~$200,000 ~~are made pursuant~~ to ~~the~~Ranmor, ~~safe~~LLC. ~~harbor~~Interest ~~provisions~~on of the ~~Private~~note ~~Securities~~is 8% ~~Litigation~~per ~~Reform Act of 1995~~annum. ~~Investors~~The ~~are~~note ~~cautioned~~will ~~that~~mature ~~such~~on ~~forward-looking~~November ~~statements~~20, ~~involve~~2017 ~~risks~~ and ~~uncertainties~~it ~~including~~is convertible ~~without~~at ~~limitation~~any ~~the~~time ~~following:~~at ~~(i)~~the ~~our~~holder’s ~~plans,~~election ~~strategies,~~prior ~~objectives,~~to ~~expectations~~its maturity ~~and~~into ~~intentions~~90,000 ~~are~~post-split ~~subject~~common toshares ~~change~~of atthe ~~any~~Company. ~~time~~If the atnote ~~our~~is ~~discretion;~~repaid ~~(ii)~~in ~~our~~cash ~~plans~~the ~~and~~Company ~~results of operations~~ will bepay ~~affected~~Ranmor by22,500 post-split ~~our~~common ~~ability~~shares toof ~~manage~~the ~~growth~~Company. ~~and~~During ~~competition;~~April ~~and~~2017, $200,000 ~~(iii)~~was ~~other~~converted ~~risks and uncertainties indicated from time~~ to ~~time~~900,000 inshares ~~our~~of ~~filings with the SEC~~common stock.

In some cases, you can identify forward-looking statements by terminology such as ''may,'' ''will,'' ''should,'' ''could,'' ''expects,'' ''plans,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''predicts,'' ''potential,'' or ''continue'' or the negative of such terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We are under no duty to update any of the forward-looking statements after the date of this Quarterly Report. (E)

~~Overview~~In June 2016, David Belding, a member of the Company’s Board of Directors and a major shareholder loaned the Company $150,000 pursuant to a one-year unsecured promissory note with automatic one-year renewals at the Company’s option. Interest rate is stated at 10% per annum at a simple rate.

~~Environmental~~ On March ~~Packaging~~21, ~~Technologies Holdings~~2017, ~~Inc. (~~the "Company", ~~"we,~~issued ~~"us"~~a $200,000 orsix-month ~~"our")~~unsecured promissory ~~was~~note. ~~incorporated~~Interest inrate ~~Nevada~~is onstated ~~November~~at ~~17,~~10% ~~2011,~~per ~~under~~annum ~~the~~at ~~name~~a simple ~~"GS~~rate. ~~Valet,~~The ~~Inc."~~notes Inmature ~~2011,~~on wethe ~~acquired~~earlier ~~Garden~~of ~~State~~September ~~Valet~~21, ~~with~~2017 or the ~~intent~~date ofon ~~going~~which ~~into~~ the ~~valet~~Company ~~parking~~completes ~~business.~~a Infinancing ~~August~~generating aggregate ~~and~~gross ~~December~~proceeds ~~2013,~~equal weto ~~raised~~or exceeding $8250,000. ~~million~~The innote is ~~gross~~convertible ~~proceeds~~into ~~from~~common ~~sales~~stock ofat ~~our~~any ~~common~~time ~~stock~~prior to ~~four~~maturity ~~accredited~~at the ~~investors,~~option ~~and~~of ~~intended~~the toholder ~~pursue~~at a ~~metals~~price ~~streaming~~of ~~business~~$.50 byper ~~acquiring~~share. ~~and~~In ~~managing precious metals streams~~addition, the ~~royalties~~notes ~~and~~carry ~~other~~a ~~similar~~warrant ~~interests.~~to Inpurchase ~~connection~~200,000 ~~with~~shares ~~such~~at ~~business,~~an weexercise price ~~changed~~of ~~our~~$0.001 ~~name~~per ~~and~~share. ~~our~~In ~~fiscal~~May ~~year end~~2017, ~~and~~ the ~~operations~~Company ofrepaid ~~Garden~~the $200,000 ~~State~~principal ~~Valet~~amount ~~ceased~~of inthe ~~October 2013~~note.

As of December 31, 2013, however, we had not entered into any definitive agreement in connection with such business. In March 2014, we determined that the metals streaming business was no longer desirable, and have ceased pursuing such business. As of December 31, 2016, the Company currently has nominal operations and minimal assets. (F)

AsEffective ~~disclosed~~October 16, ~~in Business-Recent Developments~~2015, onthe ~~December~~Company’s 28major shareholder, ~~2016~~EDP EPT, weLLC (“EDP”) ~~entered~~assigned ~~into~~its aninvestment ~~Agreement~~loans ofto ~~Merger~~OMB and ~~Plan~~the Company ofissued ~~Reorganization~~a ~~with~~subordinated ~~EPT~~Promissory ~~Acquisition~~Note ~~Corporation,~~to ~~which~~OMB isin ~~our~~the principal ~~wholly-owned~~amount ~~subsidiary,~~of ~~and Environmental Packaging Technologies~~$13, ~~Inc.~~964,664 ~~a Delaware corporation~~ (the “~~EPT~~Note”). The maturity ~~transactions~~date ~~contemplated~~of by the ~~merger~~Note ~~agreement~~was ~~are~~October ~~expected~~15, to2017. ~~close~~Interest byon ~~May~~the loan ~~31,~~was ~~2017.~~waived ~~After~~by the ~~completion~~lender. ofOn ~~the~~April ~~merger~~17, ~~our~~2017, ~~business~~OMB ~~will~~converted $13,964,664 beof ~~the~~its ~~business~~Subordinated notes into 9,879,740 shares of common ~~EPT~~stock.

16 Interest expense ~~Table~~for ofthe ~~Contents~~short-term notes was $176,532 and $139,228 for the six months ended June 30, 2017 and 2016, respectively.

~~Results~~ 11. SHORT-TERM ofLINE ~~Operations~~OF CREDIT

	For the Three			For the Three
	Months Ended			Months Ended
	March 31, 2017			March 31, 2016
	(Unaudited)			(Unaudited)
Revenue	$	-		$	-
General and administrative expenses		15,034			71,566
Loss from operations		(15,034	)		(71,566	)
Other income (expense)
Interest		-			(1,237	)
Loss from operations before income taxes		(15,034	)		(72,803	)
Income tax expense (benefit)		-			-
Net loss	$	(15,034	)	$	(72,803	)

On April 28, 2017, the Company closed on a $7.5 million joint senior secured line of credit through the Export/Import Bank and ExWorks Capital Fund I, LP (“ExWorks”). This agreement allows the Company to draw from the line of credit against certain domestic and international accounts receivable and inventory. The loan consists of two lines of credit. The first is the Export Line of Credit in the amount of up to $4 million and has an interest rate of prime plus 4% per annum. The second is the Domestic Line of Credit in the amount of up to $3.5 million and has an interest of 2% per month. There is a first priority security interest over all assets of the Company including receivables and inventory with the exception of receivables from our Korean subsidiary. The maturity date of loans under the agreement is one year from the closing date. On the initial drawdown, the Company borrowed a net total of $3,639,033, which includes $12,830 paid to ExWorks during the closing. The initial proceeds were primarily used to repay $2,927,829 of debt held by GPB Debt Holdings II, LLC and $294,084 of debt held by Riverside Merchant Partners. The remaining proceeds were paid to Aegis Capital Corporation or the placement agent fee in the amount of $250,000, and to ExWorks for various legal and financing fees in the amount of $179,950. ExWorks charged the Company a Guaranty Fee of $15,100 in May, and brings the total debt issuance cost on the line of credit to be $445,050, which is being amortized over the term of the line of credit. In addition to the initial drawdown of $3,639,033, the Company borrowed an additional $1,465,100, of which $1,233,481 was repaid during the quarter ended June 30, 2017. Amortization of debt issuance costs was $87,791 for the quarter ended June 30, 2017.

~~Revenue~~ 12. OTHER SHORT-TERM LIABILITIES

~~For~~ During 2016 and 2017, the ~~three~~Company ~~ended~~entered ~~March~~into various agreements with multiple parties to receive advances on future receivables. The balance of these advances at December 31, 2016 was $418,500. During the months of January, February, and March 2017, the Company received additional advances of $955,000, and ~~2016~~repaid 964,322, leaving wea ~~did~~remaining ~~not~~balance ~~have~~of ~~any~~$409,178 ~~revenues~~at ~~from~~June ~~operations~~30, 2017. Additionally, there was an amount due to investor of $115,000 at June 30, 2017.

~~General~~ During the six months ended June 30, 2017 and ~~Administrative~~2016, ~~Expenses~~the interest expense that was incurred and paid on these advances was $372,063 and $59,254, respectively.

For the three months ended March 31, 2017 and 2016, our general and administrative expenses totaled $15,034 and $71,566, respectively. This expense is primarily related to professional fees and consulting expenses incurred during the three months ended March 31, 2017 and 2016. -13-

~~Net~~ 13. STOCKHOLDERS’ ~~Loss~~ DEFICIT

~~For~~ In October 2016, the ~~three~~Company ~~months~~entered ~~ended~~into ~~March~~a ~~31,~~strategic ~~2017~~relationship with The Vedder Group (“Vedders”), ~~our~~one ~~net~~of ~~loss~~the ~~was~~largest Canadian ~~$15,034,~~logistics orand ~~$(0~~shipping company focusing exclusively on the shipping of liquids.~~00)~~ ~~per~~The ~~common~~agreement ~~share~~calls ~~(basic~~for Vedders to sell and install ~~diluted),~~EPT’s flexitanks as ~~compared~~part toof atheir ~~net~~respective ~~loss~~product offerings ofto ~~$72,803,~~their orclients ~~$(0.00)~~in ~~per~~addition ~~common~~to ~~share~~providing ~~(basic~~strategic advice and ~~diluted)~~consulting services. In February 2017, ~~for~~under the ~~same~~terms of ~~period~~the ~~in 2016~~agreement, ~~resulting~~the inCompany aissued ~~decrease~~to inVedders ~~total~~750,000 ~~net~~shares ~~loss~~ of pre-split $~~57,769~~0.001 ~~Such~~par ~~decrease~~value incommon ~~net~~stock. ~~losses~~As ~~was~~of ~~directly~~June ~~attributable~~30, to2017, aand December ~~reduction~~31, in2016, ~~professional~~the ~~fees~~Company did not have any Stock Option Plans.

~~Liquidity~~ During May 2017, investors from the six month Secured Convertible Note and the ~~Capital~~six-month ~~Resources~~unsecured promissory note made the decision to exercise their warrants to purchase 1,010,000 shares of common stock at $.001 per share. Proceeds were $1,010 from the exercising of the warrants.

In ~~summary~~June 2017, ~~our~~EPT ~~cash~~completed ~~flows~~an ~~are~~equity financing where it issued 5,620,000 shares of common stock at $0.50 per share for a total $2,810,000. Colorado Financial acted as ~~follows:~~placement agent and was paid a fee of $281,000 and warrants to purchase 281,000 shares of stock at a strike price of $0.60 per share.

	For the three months ended March 31,
	2017		2016
	(Unaudited)		(Unaudited)
Net cash used in operating activities	$	--	$	-
Net cash provided by investing activities	$	-	$	-
Net cash provided by (used in) financing activities	$	-	$	-

In June 2017, EPT completed an additional equity financing where there is an obligation to issue 5,104,000 shares of common stock at $0.50 per share for a total $2,552,000. Colorado Financial acted as placement agent and was paid a fee of 255,152 and warrants to purchase 255,152 shares of stock at a strike price of $0.60 per share.

~~As of March 31, 2017, the Company had a stockholders' deficit of $46,548~~ 14. EARNINGS ~~For~~PER the three months ended March 31, 2017 and 2016, the Company had a net loss of $15,034 and $72,803, respectively. As of March 31, 2017, the Company had $475 in cash, total current assets of $475 and total current liabilities of $47,023. SHARE

~~There~~ The following ~~was~~table nosummarizes basic and diluted earnings per share (EPS). Basic EPS excludes all potentially dilutive securities and is computed by dividing net ~~cash~~income ~~used~~attributable into ~~operating~~the ~~activities,~~Company ~~investment~~by the ~~activities~~weighted oraverage ~~financing~~number ~~activities~~of ~~for~~common shares outstanding during the period. ~~three~~Diluted ~~months~~EPS ~~ended~~includes ~~March~~the ~~31,~~effect ~~2017~~of stock options and restricted ~~2016.~~stock as calculated under the treasury stock method.

17 Table of Contents

	June 30 2017	June 30, 2016
Net income (loss)	$(2,856,394)	$1,208,632
Weighted average shares outstanding:
Basic	36,217,426	16,984,179
Diluted	38,215,866	29,814,271
Basic EPS	(0.08)	$0.07
Diluted EPS	(0.07)	$0.04

~~Going Concern~~ 15. SEGMENTS

~~The~~ When management ~~Company's~~examines ~~unaudited~~the ~~condensed~~business, ~~consolidated~~all ~~financial~~analysis ~~statements~~is ~~are~~based ~~prepared~~on flexitanks ~~using~~sold. USAll ~~GAAP~~other ~~applicable~~product tosales aflow ~~going~~from ~~concern~~this ~~which~~one statistic. ~~contemplates~~It ~~the~~does ~~realization~~not ofbreak ~~assets~~down ~~and liquidation of liabilities in~~ the ~~normal course of~~ business. ~~The~~by ~~Company~~different products ~~had~~such ~~incurred~~as ~~net~~either ~~losses~~logistics ofrevenues ~~$15,034~~or ~~and~~ancillary ~~$72,803 for the three months ended March 31, 2017 and 2016, respectively~~product sales. ~~As of March 31~~Also, ~~2017~~management ~~and~~does ~~December~~not ~~31,~~analyze ~~2016,~~the ~~our~~business ~~accumulated~~based ~~deficit~~on locations ~~was~~of ~~$892,587~~its ~~and $877,553, respectively~~subsidiaries. The ~~Company~~subsidiaries ~~has~~are ~~not~~ primarily established ~~an ongoing source of revenues sufficient~~ to ~~cover~~minimize ~~its~~tariffs ~~operating~~and ~~costs,~~taxes and ~~requires~~operate ~~additional~~as ~~capital~~a tosales organization ~~commence~~as ~~its~~all ~~operating~~products ~~plan.~~are ~~The~~manufactured ~~ability~~out of ~~the~~our ~~Company~~Michigan based tocontract ~~continue~~manufacturer. asIn athe ~~going~~case ~~concern~~that isdemand ~~dependent~~exceeds production onfor ~~the~~a ~~sufficiency~~specific ofmonth, ~~its~~management ~~capital~~makes ordecisions ~~obtaining~~on where ~~additional capital~~ to ~~fund~~send ~~operating~~product ~~losses.~~based Ifon ~~the~~margins ~~Company~~for ~~requires~~specific orcustomers isas opposed ~~unable~~ to ~~obtain~~regional ~~additional~~breakdowns. ~~capital,~~Although itEPT ~~could~~does benot ~~forced~~analyze toits business ~~cease~~based ~~operations.~~on ~~These~~geographic ~~factors~~breakdowns, ~~raise substantial doubt about~~ the ~~Company's~~following ~~ability~~table toshows gross ~~continue~~revenues asgenerated abased ~~going~~on ~~concern.~~ locations:

Off-balance Sheet Arrangements

Location	June 30, 2017	June 30, 2016

United States	$4,857,667	$4,149,767
Korea	3,298,966	3,382,684
Rest of the World	927,701	948,095
Total	$9,084,334	$8,480,546

~~We had no off~~-~~balance sheet arrangements as of March 31, 2017.~~ 14-

~~Contractual~~ The following ~~Obligations~~table shows assets held at each of the Company’s locations:

We had no contractual obligations as of March 31, 2017.

Location	June 30, 2017	December 31, 2016

United States	$4,801,098	$2,774,026
Korea	2,472,692	2,181,799
Europe	1,043,236	1,027,955
Rest of the World	26,707	19,304
Total	$8,343,733	$6,003,084

~~Critical~~ 16. ~~Accounting~~COMMITMENTS ~~Policies~~AND CONTINGENCIES

~~Financial Reporting Release No. 60, published by the SEC, recommends that all companies include~~ (a) ~~discussion~~Office of critical accounting policies used in the preparation of their financial statements. While all these significant accounting policies impact our financial condition and results of operations, we view certain of these policies as critical. Policies determined to be critical are those policies that have the most significant impact on our financial statements and require management to use a greater degree of judgment and estimates. Actual results may differ from those estimates. leases

We The Company ~~believe that given the current facts~~ and ~~circumstances,~~its itsubsidiaries islease ~~unlikely~~certain ~~that~~office ~~applying~~premises ~~any~~through October ~~other~~2016. ~~reasonable~~The ~~judgments~~lease orwas ~~estimate~~subsequently ~~methodologies~~extended ~~would cause a material effect on our unaudited condensed results of operations, financial position or liquidity for the periods presented in this report~~through October 2019. ~~Please~~Future ~~refer~~minimum tolease ~~Note~~payments 2under –operating lease ~~Summary~~agreements ofare ~~Significant~~as ~~Accounting Policies in the notes to the unaudited condensed financial statements.~~ follows:

Recently Issued Standards

	Amount
Twelve months ending December 31,
2017	$100,387
2018	79,489
2019	66,437
Thereafter	—
	$246,313

In Rent expense ~~February~~for ~~2017,~~ the ~~FASB~~six ~~has~~months ~~issued~~ended ~~Accounting~~June ~~Standards~~30, ~~Update (ASU) No.~~ 2017~~-06,~~ ~~“'Plan Accounting: Defined Benefit Pension Plans (Topic 960); Defined Contribution Pension Plans (Topic 962); Health~~ and ~~Welfare~~2016 ~~Benefit Plans (Topic 965): Employee Benefit Plan Master Trust Reporting.” Among other things~~was $111,026 ~~the amendments require a plan’s interest in that master trust~~ and ~~any change in that interest to be presented in separate line items in the statement of net assets available for benefits and in the statement of changes in net assets available for benefits~~$70,095, respectively. The amendments also remove the requirement to disclose the percentage interest in the master trust for plans with divided interests and require that all plans disclose the dollar amount of their interest in each of those general types of investments. The amendments require all plans to disclose: (a) their master trust’s other asset and liability balances; and (b) the dollar amount of the plan’s interest in each of those balances. Lastly, the amendments eliminate redundant investment disclosures (e.g., those required by Topics 815 and 820) relating to 401(h) account assets. Effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The amendments should be applied retrospectively to each period for which financial statements are presented. The Company does not anticipate the adoption of ASU 2017-06 will have a material impact on its unaudited condensed consolidated financial statements.

~~In February 2017, the FASB has issued Accounting Standards Update~~ (~~ASU~~b) No. 2017-05, “Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets.” The amendments clarify that a financial asset is within the scope of Subtopic 610-20 if it meets the definition of an in substance nonfinancial asset. The amendments also define the term in substance nonfinancial asset. The amendments clarify that nonfinancial assets within the scope of Subtopic 610-20 may include nonfinancial assets transferred within a legal entity to a counterparty. For example, a parent may transfer control of nonfinancial assets by transferring ownership interests in a consolidated subsidiary. A contract that includes the transfer of ownership interests in one or more consolidated subsidiaries is within the scope of Subtopic 610-20 if substantially all of the fair value of the assets that are promised to the counterparty in a contract is concentrated in nonfinancial assets. The amendments clarify that an entity should identify each distinct nonfinancial asset or in substance nonfinancial asset promised to a counterparty and derecognize each asset when a counterparty obtains control of it. Effective at the same time as the amendments in Update 2014-09, Revenue from Contracts with Customers (Topic 606). Therefore, public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the amendments in this Update to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the amendments in this Update to annual reporting periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. All other entities may apply the guidance earlier as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance earlier as of annual reporting periods beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance. An entity is required to apply the amendments in this Update at the same time that it applies the amendments in Update 2014-09. The Company does not anticipate the adoption of ASU 2017-05 will have a material impact on its unaudited condensed consolidated financial statements.Litigation

18 The Company ~~Table~~is a party to various litigation in the normal course of its ~~Contents~~business. The Company intends to vigorously pursue and defend its position in these matters. Management cannot predict or determine the outcome of this matter or reasonably estimate the amount or range of amounts of any fines or penalties that might result from an adverse outcome. It is possible, however, that an adverse outcome could have a material adverse impact on our consolidated results of operations, liquidity, and financial position.

~~In January 2017~~ During 2015, ~~the~~a ~~FASB~~few ~~has~~shareholders ~~issued~~initiated ~~Accounting~~legal ~~Standards~~proceedings ~~Update (ASU) No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test~~ for ~~Goodwill~~claims about ~~Impairment.”~~ownership ~~These amendments eliminate Step 2 from the goodwill impairment test~~rights. The ~~annual,~~parties orentered ~~interim,~~into ~~goodwill~~an ~~impairment~~agreement ~~test~~in March is2016 ~~performed~~whereby ~~by comparing~~ the ~~fair~~Company ~~value~~would ofpay athe ~~reporting~~plaintiffs ~~unit with its carrying amount~~$445,000. On AnNovember ~~impairment~~30, ~~charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however~~2016, the ~~loss~~Company ~~recognized~~made ~~should~~an ~~not~~initial ~~exceed~~payment ~~the total amount~~ of ~~goodwill allocated to that reporting unit. In addition~~ $25,000 ~~income~~and ~~tax~~a ~~effects~~second ~~from~~payment ~~any~~in ~~tax deductible goodwill on~~ the ~~carrying~~ amount of ~~the reporting unit should be considered when measuring the goodwill impairment loss~~$100,000 ifleaving ~~applicable. The amendments also eliminate the requirements for any reporting unit with~~ a balance ~~zero~~of ~~or negative carrying amount to perform a qualitative assessment and~~$320, ~~if it fails that qualitative test~~000, towhich ~~perform~~is ~~Step~~accrued 2as of ~~the~~June goodwill impairment test. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Effective for public business entities that are a SEC filers for annual or any interim goodwill impairment tests in fiscal years beginning after December 1530, ~~2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1,~~ 2017. ~~ASU~~within accrued ~~2017-04~~liabilities ~~should~~in bethe ~~adopted~~accompanying onconsolidated abalance ~~prospective basis.~~ The Company ~~does~~is ~~not~~working ~~anticipate~~to ~~the~~facilitate ~~adoption of ASU 2017-04 will have~~ a ~~material~~remaining ~~impact on its unaudited condensed consolidated financial statements~~payment schedule.

In On April ~~January~~7, 2017, ~~FASB~~the ~~issued~~Company ~~ASU~~settled ~~No.~~a ~~2017-01,~~lawsuit ~~Business~~with ~~Combinations~~a ~~(Topic~~former investor. ~~805):~~The ~~Clarifying~~parties ~~the~~reached ~~Definition of~~ a ~~Business,~~complex insettlement anagreement ~~effort~~where the toconsideration ~~clarify~~included ~~the~~payment ~~definition~~ of amonies ~~business~~in ~~with~~ the ~~objective~~amount of $290,000. ~~adding~~On ~~guidance~~April to4, ~~assist~~2017, ~~entities~~the ~~with~~Company ~~evaluating~~made ~~whether~~the ~~transactions~~initial ~~should~~payment beof $145,000. ~~accounted~~Pursuant ~~for~~to asthe ~~acquisitions~~agreement, ~~(or~~the ~~disposals)~~Company ofhas ~~assets~~a orremaining payment ~~businesses.~~obligation ~~The~~in ~~amendments~~the amount of ~~this~~$145,000 ~~ASU~~to ~~are~~be ~~effective~~paid ~~for~~in ~~fiscal~~twelve (12) ~~years~~equal ~~beginning~~monthly ~~after~~installments ~~December~~(with ~~15,~~a ~~2017,~~contingency ~~and interim periods within those fiscal years~~for acceleration). The Company ~~does~~paid ~~not expect~~ the ~~adoption~~remaining of$145,000 ~~this~~over ~~amendment~~the course toof ~~have~~Q2 a2017 ~~material~~and ~~effect~~all onobligations ~~its~~have ~~financial~~been ~~condition and results of operations~~met.

In September ~~October~~ 2016, ~~the~~a ~~FASB~~former ~~issued~~director ~~ASU No 2016-16 - Income Taxes: Intra-Entity Transfers~~ of ~~Assets~~EPT ~~Other~~and ~~Than Inventory. ASU 2016-16 will require~~ the ~~tax~~representative ~~effects~~ of EDP ~~intercompany transactions~~EPT, ~~other~~LLC ~~than~~pled ~~sales~~guilty ~~of inventory,~~ to betwo ~~recognized~~counts ~~currently,~~of ~~eliminating~~fraud ~~an exception under current GAAP~~ in ~~which~~relationship ~~the tax effects of intra-entity asset transfers are deferred until the transferred asset is sold~~ to his aduties ~~third~~as ~~party~~President orof ~~otherwise~~EDP ~~recovered through use~~Management. ~~The~~He ~~guidance~~has ~~will~~had beno involvement ~~effective~~in ~~for~~ the ~~first~~Company ~~interim~~since ~~period~~his ofresignation ~~our~~on ~~2019~~January ~~fiscal year~~5, ~~with early adoption permitted~~ 2016. The Company does not ~~expect~~believe ~~the~~that ~~adoption~~any of this ~~amendment~~fraud is related to ~~have~~his aactions ~~material~~as ~~effect~~a ~~on its financial condition and results of operations~~director.

In The Company ~~August~~expensed ~~2016,~~ the ~~FASB~~legal ~~issued~~fees ~~ASU~~as ~~No.~~they ~~2016-15,~~were ~~Statement~~incurred offor ~~Cash~~these litigations. ~~Flows~~During ~~(Topic~~the ~~230):~~six ~~Classification~~months ofended ~~Certain~~June ~~Cash~~30, ~~Receipts~~2017 and ~~Cash~~2016 ~~Payments, in an effort to reduce~~ the Company ~~diversity~~incurred of$413,678 ~~how certain cash receipts~~ and ~~cash payments are presented and classified in the statement of cash flows. The amendments of this ASU are effective for fiscal years beginning after December 15~~$130, ~~2017~~613, ~~and~~respectively ~~interim~~for ~~periods~~legal costs ~~within~~associated ~~those~~with ~~fiscal~~these ~~years.~~loss ~~Early adoption is permitted~~contingencies. ~~The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.~~

~~In June 2016, the FASB Issued ASU 2016~~-~~12, “Revenue from Contracts with Customers (Topic 606): Narrow~~15-Scope Improvements and Practical Expedients” and clarifies the objective of the collectability criterion, presentation of taxes collected from customers, non-cash consideration, contract modifications at transition, completed contracts at transition and how guidance in Topic 606 is retrospectively applied. The amendments do not change the core principle of the guidance in Topic 606. The effective dates are the same as those for Topic 606. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.

In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance on identifying performance obligations and improves the operability and understandability of licensing implementation guidance 17. INCOME The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those years. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.TAXES

19 The Company ~~Table~~is ofsubject ~~Contents~~to U.S. federal, state, and foreign income taxes. The Company’s income tax (benefit) expense for the six months ended June 30, are as follows:

	2017	2016
Current
Federal	$—	$—
State	293	223
Foreign	43,926	129,308
Total	$44,219	$129,531

On The Company's ~~March~~effective ~~15,~~tax ~~2016,~~rate ~~the~~was ~~FASB issued ASU No~~1.57 ~~2016-07, Investment—Equity Method~~ and ~~Joint~~9.7% ~~ventures~~for ~~(Topic 323), To simplify~~ the ~~accounting~~six ~~for~~months ended ~~equity~~June ~~method investments~~30, ~~the~~2017 ~~amendments~~and in2016, ~~the~~respectively. ~~Update~~The ~~eliminate~~Company's ~~the~~effective tax ~~requirement~~rate infor ~~Topic 323 that an entity retroactively adopt~~ the ~~equity~~six ~~method~~months ofended ~~accounting~~June if30, an2017 ~~investment~~was ~~qualifies~~positively impacted ~~for~~by ~~use~~operating oflosses ~~the~~incurred ~~equity method as a result of an increase~~ in ~~the~~both ~~level~~domestic ofand ~~ownership~~foreign jurisdictions orgiving ~~degree~~rise ~~of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee~~ to ~~the~~a ~~current~~net ~~basis~~tax ofexpense ~~the investors previously held interest and adopt the equity method~~ of ~~accounting as of the date the investment becomes qualified for equity method accounting~~$44,219. The Company's ~~amendments in this Update are~~ effective ~~for~~tax ~~all~~rate ~~entities~~ for ~~fiscal~~the ~~years,~~six ~~and~~months ~~interim~~ended ~~periods~~June ~~within those fiscal years~~30, ~~beginning after December 15,~~ 2016. was ~~The~~negatively ~~amendments~~impacted ~~should~~by beoperating ~~applied~~profits ~~prospectively~~earned ~~upon their effective date to increases~~ in ~~the~~foreign jurisdictions ~~level~~resulting ~~of ownership interest or degree of influence that result~~ in ~~the~~net ~~adoption~~tax ofexpenses ~~the equity method. Earlier application is permitted. The Company does not expect the adoption~~ of ~~this amendment to have a material effect on its financial condition and results of operations~~ $129,531.

~~On March 3, 2016, the FASB issued ASU No~~ 18. CONCENTRATION ~~2016-04,~~OF Liabilities —Extinguishments of Liabilities Subtopic 405-20): Recognition of Breakage for Certain Prepaid Stored-Value Products, when an entity sells a prepaid stored-value product (such as gift cards, telecommunication cards, and traveler’s checks), it recognizes a financial liability for its obligation to provide the product holder with the ability to purchase goods or services at a third-party merchant. When a prepaid stored-value product goes unused wholly or partially for an indefinite time period, the amount that remains on the product is referred to as breakage. There currently is diversity in the methodology used to recognize breakage. Subtopic 405-20 includes derecognition guidance for both financial liabilities and nonfinancial liabilities, and Topic 606, Revenue from Contracts with Customers, includes authoritative breakage guidance but excludes financial liabilities. The amendments in this Update provide a narrow scope exception to the guidance in Subtopic 405-20 to require that breakage be accounted for consistent with the breakage guidance in Topic 606. The amendments in this Update are effective for public business entities, certain not-for-profit entities, and certain employee benefit plans for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. For all other entities, the amendments are effective for financial statements issued for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Earlier application is permitted, including adoption in an interim period. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.RISK

On Major February 24, 2016, the FASB issued ASU No. 2016-02, Leases, requiring lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases with the exception of short-term leases. For lessees, leases will continue to be classified as either operating or finance leases in the income statement. Lessor accounting is similar to the current model but updated to align with certain changes to the lessee model. Lessors will continue to classify leases as operating, direct financing or sales-type leases. The effective date of the new standard for public companies is for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition and requires application of the new guidance at the beginning of the earliest comparative period presented. The updated standard is effective for us beginning in the first quarter of fiscal 2020. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.Customer

In For ~~January 2016,~~ the six ~~FASB~~months ~~issued~~ended ~~ASU~~June ~~2016-01~~30, ~~Recognition~~2017 and ~~Measurement~~2016, ofseven ~~Financial~~customers ~~Assets~~accounted for ~~and~~approximately ~~Financial~~54% ~~Liabilities.~~of ~~The~~the ~~purpose~~Company’s isrevenues toand ~~enhance~~eight customers ~~the~~accounted ~~reporting model~~ for ~~financial~~approximately ~~instruments~~54% ~~to provide users~~ of ~~financial statements with more decision-useful information. This ASU is effective for~~ the Company’s revenues, inrespectively. ~~the~~As ~~first~~of ~~quarter~~June of30, ~~2018.~~2017, ~~Early~~and ~~adoption~~December is31, ~~not~~2016, one ~~permitted~~customer ~~except~~accounted for ~~limited~~approximately ~~provisions.~~41% ~~The~~of ~~Company does not expect~~ the ~~adoption~~Company’s accounts ofreceivable ~~this~~and ~~amendment~~one tocustomer ~~have~~accounted afor ~~material~~approximately 34% ~~effect~~of onthe ~~its~~Company’s ~~financial~~accounts ~~condition and results of operations~~receivable, respectively.

20 Our largest ~~Table~~customer is based out of ~~Contents~~Korea and accounted for 35% and 31% of sales for the six months ended June 30, 2017 and 2016, respectively. Total revenue for this customer was $3,165,950 and $2,638,530 for the six months ended June 30, 2017 and 2016, respectively.

In Major November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes. This is part of FASB's simplification initiative. The amendments in this ASU require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. This ASU is effective for the Company in the first quarter of 2017. Early adoption is permitted. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.Suppliers

In For ~~September 2015,~~ the six ~~FASB~~months ~~issued~~ended ~~ASU~~June ~~2015-16~~30, ~~Simplifying~~2017 ~~the~~and ~~Accounting~~2016, ~~for~~seven ~~Measurement-Period~~suppliers Adjustments which allows entities to recognize adjustments to provisional amounts in the period adjustment is identified rather than retrospectively. In-period adjustments must be disclosed. This ASU is effective accounted for ~~the~~35% ~~Company~~and in30% ~~the first quarter~~ of ~~2016. The amendments should be applied prospectively to adjustments to provisional amounts that occur after~~ the ~~effective~~total ~~date~~cost of ~~this ASU~~revenues, respectively. Early adoption is permitted for financial statements that have not been issued. The Company does not expect the adoption of this amendment to have a material effect on its financial condition and results of operations.

In Major August 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-15, "Interest - Imputation of Interest (Subtopic 835-30)." ASU 2015-15 provides guidance as to the presentation and subsequent measurement of debt issuance costs associated with line of credit arrangements. We do not expect the adoption of ASU 2015-15 to have a material effect on our financial position, results of operations or cash flows. We do not expect the adoption of ASU 2015-15 to have a material effect on our financial position, results of operations or cash flows.Lenders

In For ~~August 2015,~~ the six ~~FASB~~months ~~issued~~ended ~~ASU~~June ~~No. 2015-14~~30, ~~Revenue~~2017 ~~From~~and ~~Contracts~~year ~~With~~ended Customers (Topic 606)." The amendments in this ASU defer the effective date of ASU 2014-09. Public business entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 1531, ~~2017~~2016, three ~~including~~lenders ~~interim~~accounted ~~reporting~~for ~~periods~~$4,038,393 ~~within~~and ~~that~~$17,539,664, respectively, ~~reporting~~of ~~period.~~the ~~Earlier~~Company’s ~~application~~total isdebt ~~permitted only as~~ of ~~annual reporting periods beginning after December 15~~$4, ~~2016~~497,571 ~~including interim reporting periods within that reporting period. We do not expect adoption of ASU 2015-14 to have a material effect on our financial position~~and $19,103,164, ~~results of operations or cash flows~~respectively.

~~In July 2015, the FASB issued ASU No. 2015~~-~~11, "Simplifying the Measurement of Inventory (Topic 330)." ASU 2015~~16-11 simplifies the accounting for the valuation of all inventory not accounted for using the last-in, first-out ("LIFO") method by prescribing that inventory be valued at the lower of cost and net realizable value. ASU 2015-11 is effective for financial statements issued for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. We do not expect the adoption of ASU 2015-11 to have a material effect on our financial position, results of operations or cash flows. We do not expect adoption of ASU 2015-14 to have a material effect on our financial position, results of operations or cash flows

~~In April 2015, the FASB issued ASU 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)~~ 19." FINANCIAL ASU 2015-05 provides guidance regarding the accounting for a customer's fees paid in a cloud computing arrangement; specifically about whether a cloud computing arrangement includes a software license, and if so, how to account for the software license. ASU 2015-05 is effective for public companies' annual periods, including interim periods within those fiscal years, beginning after December 15, 2015 on either a prospective or retrospective basis. Early adoption is permitted. We do not expect the adoption of ASU 2015-05 to have a material effect on our financial position, results of operations or cash flows.INSTRUMENTS

~~In April 2015, the Financial Accounting Standards Board ("~~ The FASB") ~~issued~~ASC ~~Accounting~~topic ~~Standards~~820 ~~Update~~on ~~("ASU")~~fair ~~No.~~value ~~2015-03,~~measurement ~~Interest~~and -disclosures establishes ~~Imputation~~three oflevels ~~Interest (Subtopic 835-30): Simplifying the Presentation~~ of ~~Debt~~inputs ~~Issuance Costs. The amendments in this ASU require~~ that ~~debt~~may ~~issuance~~be ~~costs~~used ~~related~~ to ameasure ~~recognized~~fair value: ~~debt~~quoted ~~liability~~prices ~~be presented~~ in ~~the~~active ~~balance~~markets ~~sheet~~for asidentical aassets ~~direct~~or liabilities ~~deduction~~(referred ~~from~~to ~~the~~as ~~carrying~~Level ~~amount of that debt liability~~1), ~~consistent~~observable ~~with~~inputs ~~debt~~other ~~discounts.~~than Level ~~The~~1 ~~recognition~~that ~~and~~are ~~measurement~~observable ~~guidance~~ for ~~debt issuance costs are not affected by~~ the ~~amendments~~asset inor ~~this~~liability ~~ASU.~~either directly ~~The~~or ~~amendments~~indirectly ~~are~~(referred ~~effective~~to ~~for~~as ~~financial~~Level ~~statements issued for fiscal years~~2), and ~~interim~~unobservable inputs ~~periods within those fiscal years, beginning after December 15, 2015. The amendments are~~ to ~~be applied on a retrospective basis, wherein~~ the ~~balance~~valuation ~~sheet~~methodology ofthat ~~each~~are ~~individual~~significant ~~period presented is adjusted~~ to ~~reflect~~ the measurement ~~period-specific effects~~ of ~~applying~~fair ~~the~~value ~~new~~of ~~guidance.~~assets Weor doliabilities ~~not~~(referred ~~expect the adoption of ASU 2015-03~~ to ~~have~~as Level ~~a material effect on our financial position, results of operations or cash flows~~3).

~~There~~ The carrying ~~are~~values ~~various~~and ~~other~~fair ~~updates~~values ~~recently issued, most~~ of ~~which~~our ~~represented~~financial ~~technical~~instruments ~~corrections to the accounting literature or application to specific industries and~~ are ~~not expected to a have a material impact on the Company's financial position, results of operations or cash flows.~~ as follows:

21 Table of Contents

		June 30, 2017		December 31, 2016
		Carrying	Fair	Carrying	Fair
	Level	Value	Value	Value	Value
Cash	1	$780,858	$780,858	$814,778	$814,778
Cash in Escrow	1	$1,075,000	1,075,000	$--	--
Accounts receivable	2	$2,672,925	$2,672,925	$2,878,469	$2,878,469
Short-term deposits	1	$245,250 S	245,250	--	--
Accounts payable	2	$2,899,377	$2,899,377	$3,157,032	$3,157,032
Accrued liabilities	2	$1,231,791	$1,231,791	$1,141,849	$1,141,849
Short-term notes	2	$575,000	$575,000	$4,720,000	$4,720,000
Short-term line of credit	2	$3,513,393	$3,513,393	$--	$--
Advance from customer	2	$497,689	$497,689	$497,689	$497,689
Other short-term liabilities	2	$524,178	$524,178	$418,500	$418,500
Short-term investment loan	2	$--	$--	$13,964,664	$13,964,664
Other long-term liabilities	2	$65,810	$65,810	$48,333	$48,333

~~ITEM~~ The following 3.method ~~QUANTITATIVE~~was ~~AND~~used ~~QUALITATIVE~~to ~~DISCLOSURES~~estimate ~~ABOUT~~the ~~MARKET~~fair ~~RISK.~~values of our financial instruments:

As The carrying aamount ~~"smaller~~of ~~reporting~~level ~~company"~~1 asand ~~defined~~level by2 ~~Item~~financial 10instruments approximates fair value because of ~~Regulation~~the ~~S-K,~~short wematurity ~~are~~of ~~not~~the instruments. ~~required~~There towere ~~provide~~no ~~information~~changes ~~required~~in byvaluation ~~this~~techniques ~~Item~~for the six months ended June 30, 2017 and year ended December 31, 2016.

~~ITEM~~ Financial assets 4are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies, or similar techniques, and at least one significant model assumption or input is unobservable. ~~CONTROLS~~Level ~~AND~~3 ~~PROCEDURES~~financial assets also include certain investment securities for which there is limited market activity such that the determination of fair value requires significant judgment or estimation. During the six months ended June 30, 2017 and year ended December 31, 2016 the Company had no Level 3 financial instruments.

~~Evaluation~~ The Company reviews the fair value hierarchy classification on a quarterly basis. Changes in the ability to observe valuation inputs may result in a reclassification of ~~Disclosure~~levels ~~Controls~~for certain securities within the fair value hierarchy. The Company’s policy is to recognize transfers into and ~~Procedures~~out of levels within the fair value hierarchy at the end of the fiscal quarter in which the actual event or change in circumstances that caused the transfer occurs. There were no significant transfers between Level 1, or Level 2 during the six months ended June 30, 2017 and year ended December 31, 2016, respectively.

We maintain disclosure controls and procedures that are designed to ensure that information we are required to disclose in the reports that we file or submit under the Exchange Act, such as this quarterly report on Form 10-Q, is recorded, processed, summarized and reported within the time periods specified by SEC rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information we are required to disclose in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management to allow timely decisions regarding required disclosure.17-

~~Our management evaluated the effectiveness of our disclosure controls and procedures as of March 31, 2017, pursuant to paragraph (b) of Rules 13a-15 and 15d-15 under the Exchange Act~~ 20. MERGER Such evaluation included a review of the controls' objectives and design, the operation of the controls, and the effect of the controls on the information presented in this annual report. Our management has concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were not effective as of March 31, 2017.AGREEMENT

~~Internal~~ Merger Agreement ~~Control~~– On ~~Over~~December ~~Financial~~28, ~~Reporting~~2016 the Company agreed to complete a Reverse Merger (the “Merger”) into Environmental Packaging Technologies Holdings, Inc. (formerly International Metals Streaming Corp), a Nevada Corporation (“Pubco”). At the conclusion of the Merger EPT shall be the surviving corporation and a direct wholly owned subsidiary of Pubco.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability Terms of ~~financial reporting and~~ the ~~preparation~~Merger ~~of financial statements for external purposes in accordance with generally accepted accounting principles.~~include:

~~Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements~~ i. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

~~Our~~At ~~sole~~the ~~officer~~effective date ~~conducted an evaluation~~ of the ~~effectiveness~~Merger ofEPT ~~our~~shall ~~internal~~pay ~~control~~$500,000 ~~over~~to ~~financial~~the ~~reporting~~shareholder as of ~~March 31, 2017. Such evaluation was performed based on~~ the controlling ~~framework~~block inof ~~"Internal~~Pubco ~~Control~~common —stock ~~Integrated~~for ~~Framework" issued by~~ the ~~Committee~~cancellation of 11,810,830 ~~Sponsoring~~shares ~~Organizations~~ of ~~the~~Parent ~~Treadway~~common ~~Commission.~~stock ~~Based~~and ~~upon~~for ~~such~~services ~~evaluation,~~related to ~~our~~the ~~sole~~completion ~~officer~~of ~~concluded~~the ~~our internal controls over financial reporting were not effective~~Merger. ~~We lack resources to support full compliance.~~

~~This annual report does not include an attestation report of our registered public accounting firm regarding internal controls over financial reporting~~ ii. ~~Management's report was not subject to attestation by our registered public accounting firm pursuant to the rules of the SEC that permit us to provide only management's report in this annual report.~~

~~Changes~~Immediately prior into ~~Internal~~the ~~Control~~Merger, ~~over~~Pubco ~~Financial~~shall ~~Reporting~~have issued and outstanding 12,000,000 shares of Pubco Common Stock and no other securities (as defined under the Securities Act).

There have been no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) or 15d-15(f) under the Exchange Act) during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting iii.

22Immediately following ~~Table~~the Merger, Pubco shall have issued and outstanding (i) 52,000,000 shares of ~~Contents~~Pubco Common Stock of which (a) 40,000,000 such shares will be owned by the former EPT Stockholders, and (b) 12,000,000 shares will be owned by the Pubco shareholders immediately prior to the Merger, (ii) warrants to purchase approximately 795,000 shares of Pubco Common Stock issuable upon exercise of EPT warrants, and (iii) EPT convertible notes convertible into shares of Pubco Common Stock (consisting of (A) approximately 1,590,000 shares upon conversion of $795,000 aggregate principal amount of EPT convertible notes, and (B) approximately 160,000 shares issuable upon conversion of a $200,000 aggregate principal amount of EPT convertible note) shares of Pubco Common Stock (the “$200,000 EPT Convertible Note”). The 200,000 EPT Convertible Note shall be converted prior to the Merger and the converted shares shall be included in the 40,000,000 shares to be issued to EPT Stockholders.

~~PART II – OTHER INFORMATION~~ iv.

~~ITEM~~In June 2017, the Company completed the merger into the public company, Environmental Packaging Technologies Holdings Corp (formerly International Metals Streaming Corp) and began trading under the symbol EPTI. The Company did an exchange offering of 1 share of the Company for 10 shares of EPTI. ~~LEGAL~~As ~~PROCEEDINGS~~part of the merger, the Company paid a shareholder of EPTI $550,000 for the retirement of his shares. After the offering, EPTI shareholders were left with 12 million shares outstanding, and shareholders of the Company had 40 million shares for a total of 62 million shares outstanding. See 8k filed June 12, 2017 for detailed discussion of the merger.

~~We were not subject to any legal proceedings during the three months and year ended March 31, 2017 and December 31, 2016~~ 20. SUBSEQUENT We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our Company.EVENTS

~~From time to time, we may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business~~ i. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.

~~ITEM~~Commencing 1AJune 28, 2017, the SEC suspended trading in the Company’s common stock on the OTC Link (previously the Pink Sheets) operated by the OTC Markets Group, Inc. ~~RISK~~pursuant ~~FACTORS~~to an Order of Suspension of Trading issued by the Securities and Exchange Commission (the “SEC”), captioned, In the Matter of Environmental Packaging Technologies Holdings, Inc., File No. 500-1, dated June 27, 2017 (the “Order”). On July 13, 2017, the Company’s common stock began trading again on the Grey Market. According to the Order, such trading suspension was issued because of concerns regarding: “(i) the accuracy and adequacy of publicly available information in the marketplace since at least June 9, 2017 regarding statements in third party stock promotion materials [(the “3rd Party Promotional Report”)] pertaining to the Company’s 2016 revenues, projected 2017 revenues, and the Company’s buyout potential; and (ii) recent trading activity in the common stock that potentially reflects manipulative or deceptive activities.” The Company believes such trading suspension resulted in large part from the 3rd Party Promotional Report believed to be prepared and distributed by a 3rd party group named “Profit Play Stock”. The Company had no prior knowledge and did not participate in the preparation and/or distribution of such 3rd Party Promotional Report. As a result of the above, no assurances can be given that the SEC and/or any other governmental and/or regulatory authority will not bring charges against the Company and/or any of its affiliates for violations of the Federal Securities Laws. Moreover, trading of stocks in the Grey Market is highly volatile, unpredictable, largely unregulated, generally illiquid with limited information available about the stocks, trading in and the issuer thereof and Grey Market stocks often have been targets of manipulative conduct.

~~As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item~~ ii.

~~ITEM~~In 2August 2017, EPT settled a lawsuit with former shareholders (Collette suit) for a total payment of $135,000. ~~UNREGISTERED~~To ~~SALES~~the OFknowledge ~~EQUITY~~of ~~SECURITIES~~EPT, ~~AND~~there ~~USE~~are OFno lawsuits ~~PROCEEDS~~or threatened lawsuits outstanding.

~~None.~~ -18-

~~ITEM~~ Item 32. ~~DEFAULTS~~Management’s ~~UPON~~Discussion ~~SENIOR~~and ~~SECURITIES.~~Analysis of Financial Condition and Results of Operations

~~None.~~ COMPARISON OF THE QUARTER ENDED JUNE 30, 2017 AND THE QUARTER ENDED JUNE 30, 2016

~~ITEM~~ The 4.following ~~MINE~~table ~~SAFETY~~summarizes ~~DISCLOSURES.~~our results of operations for the quarters ended June 30, 2017 and 2016, together with the changes in those items in dollars and as a percentage:

Not applicable.

	2017	2016	% Change
Revenues	$4,121,020	$4,543,393	(9.3)%
Cost of Sales	3,487,896	3,825,878	(8.8)%
Gross Profit	633,124	717,515	(11.8%)
SG&A	1,262,295	976,640	29.3%
Interest Expense	1,472,890	185,800	680.1%
Net Income (Loss)	$(2,225,111)	$(487,325)	n/a

~~ITEM 5. OTHER INFORMATION.~~ Revenues

~~None~~ Consolidated revenue decreased $400,000 in second quarter 2017 as compared to second quarter of 2016. This decrease was due production issues at the manufacturing facility where we could not manufacture enough product to satisfy certain orders – primarily orders from our Korean office. Those issues have subsequently been resolved.

23 Cost ~~Table~~ of ~~Contents~~Sales

~~ITEM~~ Cost 6of Sales for the quarters ended June 2017 and 2016 decreased by approximately $350,000, primarily due the reduction in revenues. ~~EXHIBITS~~As a percentage of revenues, cost of goods remained constant.

~~EXHIBIT~~ SG&A ~~INDEX~~Expenses

Exhibit Number		Description
31.1		Section 302 Certification by the Corporation's Chief Executive Officer and Chief Financial Officer*
32.1		Section 906 Certification by the Corporation's Chief Executive Officer and Chief Financial Officer*
101.INS		XBRL Instance Document*
101.SCH		XBRL Taxonomy Extension Schema Document*
101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document*

Sales, general and administrative expenses increased by approximately $300,000 in the second quarter of 2017 as compared to the second quarter of 2016 primarily because of an increase in professional fees associated with the refinancing of debt that closed in April 2017 and the reverse merger into a public shell that closed in June 2017. SG&A as it related sole to the operations of the business remained essentially the same as second quarter of 2016.

*	Filed herewith.
(1)	Incorporated by reference from the registrant's Registration Statement on Form S-1 filed on July 11, 2012.
(2)	Incorporated by reference from the registrant's Current Report on Form 8-K filed on September 26, 2013.

Interest Expenses

24 Interest expenses ~~Table~~increased from the same quarter in 2016 by $1.3 million as we had interest from the $795,000 bridge loan that was closed in November 2016 and was repaid and/or converted to common stock in May 2017, repayment and refinancing costs associated with the senior secured facility with ExWorks and Export/Import Bank and associated repayment, including penalties, with the GPB loans and financing costs associated with the closing of ~~Contents~~the equity financing arranged by Colorado Financial.

~~SIGNATURES~~ Net Income (Loss)

In ~~accordance with~~ the second ~~requirements~~quarter of 2017, the ~~Exchange~~reduction ~~Act,~~in revenues along with the large ~~Registrant~~one-time ~~caused~~expense ~~this~~associated ~~Report~~with tointerest beand ~~signed~~financing expenses oncreated ~~its~~a ~~behalf~~significant byloss ~~the~~as ~~undersigned,~~compared ~~thereunto~~to ~~duly~~the ~~authorized~~same quarter in 2016.

	Environmental Packaging Technologies Holdings, Inc.
Dated: June 1, 2017	By:	/s/ Michael Hlavsa
		Michael Hlavsa
		Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer)

Liquidity and Capital Resources

~~Pursuant~~ Sources ~~to the requirements~~ of ~~the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:~~Liquidity

Dated: June 1, 2017	By:	/s/ Michael Hlavsa
		Michael Hlavsa
		Chief Executive Officer and Chief Financial Officer (Principal Executive Officer and Principal Financial and Accounting Officer)

In second quarter of 2017, we generated cash from the closing an equity financing arranged by Colorado Financial that closed at the end of the second quarter.

25 Based on our current level of operations along the new A/R and Inventory based borrowing facility with ExWorks and the Export/Import Bank and with the proceeds from a financing that we closed in the second quarter of 2017, we believe that we will still require several million in financing over the next twelve months to be able to expand our manufacturing facility to satisfy what we believe to be an increase in demand over that period.

-19-

Cash Flows

The following table sets forth the significant sources and uses of cash for the periods set forth below:

	2017	2016
Cash provided by/used in Operating Activity	$(984,444)	$(359,724)
Cash used in Investing Activity	-	-
Cash provided by Financing Activity	(286,460)	313,827

Operating Activities

The change in cash from operating activities from first quarter of 2017 as compared to the similar quarter in 2016 was due from increased net losses.

Investing Activities

For the six months ended June 2017 and 2016, there were no cash from investing activities.

Financing Activities

In second quarter of 2017, we generated cash from financing activities the sale of approximately $5 million in additional shares. In addition, we also restructured our debt in which we replaced a senior secured short term note with a new line of credit issued to us by ExWorks and the Export/Import Bank.

Supplement disclosure

During the quarter, and concurrent with the debt restructuring, $14.7 million of subordinated notes were converted to common stock of the Company.

The following table summarizes our results of operations for the six months ended June 30, 2017 and 2016, together with the changes in those items in dollars and as a percentage:

	2017	2016	% Change
Revenues	$9,084,334	$8,480,546	7.1%
Cost of Sales	7,776,173	4,584,541	69.6%
Gross Profit	1,308,161	3,896,005	(66.4%)
SG&A	2,293,124	1,995,875	14.9%
Interest and Finance Expense	1,783,858	328,295	443.4%
Net Income (Loss)	$(2,856,394)	$1,208,632	n/a

Revenues

Consolidated revenue increased by $600,000 in the first half of 2017 as compared to the first half of 2016. This increase was due to additional sales resulting from our joint venture with a major shipping line.

Cost of Sales

Cost of Sales for the first half ended June 2017 and 2016 increased approximately $3.2 million primarily due to a negative adjustment of approximately $2.2 million to the Q1 2016 cost of goods sold due to the inability of the auditors to perform audit procedures to verify inventory balances. This inventory was subsequently recorded during Q1 2016 after the Company performed procedures to verify the inventory that was written off for the 2015 audit. The additional increase occurred due to the increase in sales for the six months ended 2017 as compared to 2016.

-20-

SG&A Expenses

Sales, general and administrative expenses increased by approximately $300,000 in the first half of 2017 as compared to the second quarter of 2016 primarily because of an increase in professional fees associated with the refinancing of debt that closed in April 2017 and the reverse merger into a public shell that closed in June 2017. SG&A as it related sole to the operations of the business remained essentially the same as first half of 2016.

Operating Income (Loss)

Operating Losses increased by approximately $2.9 million primarily as a result of the anomaly of cost of sales during the first half of 2016. In addition, the increase of losses resulted from the increase of professional fees during the second quarter of 2017 in order to complete the debt restructuring and the equity financing.

Interest and Financing Expenses

Interest expenses increased from the same first half in 2016 by $1.4 million as we had interest from the $795,000 bridge loan that was closed in November 2016 and was repaid and/or converted to common stock in May 2017, repayment and refinancing costs associated with the senior secured facility with ExWorks and Export/Import Bank and associated repayment, including penalties, with the GPB loans and financing costs associated with the closing of the equity financing arranged by Colorado Financial.

Net Income (Loss)

In the first half of 2017 as compared to the first half of 2016, the increased losses were primarily due to the $2.2 million in changes to cost of sales for 2016 due to the adjustment of inventory as described above and from the large increase in interest and financing expenses in the second quarter of 2017.

Liquidity and Capital Resources

Sources of Liquidity

In first half of 2017, we generated cash primarily from the closing an equity financing arranged by Colorado Financial that closed at the end of the second quarter.

Based on our current level of operations along the new A/R and Inventory based borrowing facility with ExWorks and the Export/Import Bank and with the proceeds from a financing that we closed in the second quarter of 2017, we believe that we will still require several million in financing over the next twelve months to be able to expand our manufacturing facility to satisfy what we believe to be an increase in demand over that period.

Cash Flows

The following table sets forth the significant sources and uses of cash for the first half ended June 30 as set forth below:

	2017	2016
Cash used in Operating Activity	$90,916	$(1,076,350)
Cash used in Investing Activity	-	-
Cash provided by Financing Activity	201,940	456,346

Operating Activities

The change in cash from operating activities from first six month of 2017 as compared to the similar half in 2016 was primarily due to the increased cash from the creation of the credit facility in the second quarter of 2017.

-21-

Investing Activities

For 2015 and 2016 there no cash from investing activities.

Financing Activities

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Not Applicable

Item 4. Controls and Procedures

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and our Treasurer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management necessarily is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.

As of June 30, 2018, our Chief Executive Officer and Treasurer evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act). Based on such evaluation, our Chief Executive Officer and Treasurer concluded that our disclosure controls and procedures were effective as of June 30, 2018.

Changes in Internal Control over Financial Reporting

Our management has evaluated whether any change in our internal control over financial reporting occurred during the last fiscal quarter. Based on that evaluation, management concluded that there has been no change in our internal control over financial reporting during the relevant period that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

-22-

Part II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time we may become party to litigation or other legal proceedings that we consider to be a part of the ordinary course of business. We are not currently involved in legal proceedings that we believe could reasonably be expected to have a material adverse effect on our business, prospects, financial condition or results of operations.

Item 1A. Risk Factors

Commencing June 28, 2017, the Securities and Exchange Commission (the “SEC”) suspended trading in the Company’s common stock on the OTC Link (previously the Pink Sheets) operated by the OTC Markets Group, Inc. pursuant to an Order of Suspension of Trading issued by the SEC, captioned, In the Matter of Environmental Packaging Technologies Holdings, Inc., File No. 500-1, dated June 27, 2017 (the “Order”). On July 13, 2017, the Company’s common stock began trading again on the Grey Market. According to the Order, such trading suspension was issued because of concerns regarding: “(i) the accuracy and adequacy of publicly available information in the marketplace since at least June 9, 2017 regarding statements in third party stock promotion materials [(the “3rd Party Promotional Report”)] pertaining to the Company’s 2016 revenues, projected 2017 revenues, and the Company’s buyout potential; and (ii) recent trading activity in the common stock that potentially reflects manipulative or deceptive activities.” The Company believes such trading suspension resulted in large part from the 3rd Party Promotional Report believed to be prepared and distributed by a 3rd party group named “Profit Play Stock”. The Company had no prior knowledge and did not participate in the preparation and/or distribution of such 3rd Party Promotional Report. As a result of the above, no assurances can be given that the SEC and/or any other governmental and/or regulatory authority will not bring charges against the Company and/or any of its affiliates for violations of the Federal Securities Laws. Moreover, trading of stocks in the Grey Market is highly volatile, unpredictable, largely unregulated, generally illiquid with limited information available about the stocks, trading in and the issuer thereof and Grey Market stocks often have been targets of manipulative conduct.

Item 2. Unregistered Sales Of Equity Securities And Use Of Proceeds.

During the second quarter of fiscal 2017, the Company issued 1,045,000 shares upon exercise of 522,500 options held by shareholders. The Company received proceeds $1,045

During the second quarter of fiscal 2017, the Company issued 1,120,000 shares of common stock upon the conversion of $560,000 aggregate principal amount of EPT convertible notes

During the second quarter of fiscal 2017, the Company issued 998 shares of Series B Convertible Preferred stock as partial payment equating to $998,000 for the retirement of outstanding debentures and associates penalties and fees.

During the second quarter of fiscal 2017, the Company issued 1,000,474 shares of common stock in exchange for the retirement of $13.965 million of subordinated debt.

During the second quarter of fiscal 2017, the Company issued 900,000 shares of common stock from the conversion of $200,000 of Convertible Notes

During the second quarter of fiscal 2017, an employee of the company was issued 50,000 shares of common stock as a bonus

During the second quarter of fiscal 2017, the Company issued 10,723,040 shares of common stock and received proceeds of $5,361,520

During the second quarter of fiscal 2017, the Company issued 40 million shares of common stock for the acquisition of Environmental Packaging Technologies, Inc.

-23-

During the fourth quarter of fiscal 2017, the Company issued $400,000 of Convertible Notes at a conversion price of $0.50 per share and an accompanying warrant to purchase an additional 600,000 shares of common stock at an exercise price of $0.50 per share for a period of 18 months.

Item 3. Defaults Upon Senior Securities.

Not Applicable

Item 4. Mine Safety Disclosures.

Not Applicable

Item 5. Other Information.

None

-24-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Environmental Packaging Technologies Holdings, Inc.

Dated: March 15, 2018	By:	/s/ David Skriloff

		David Skriloff (Principal Executive Officer and Principal Financial and Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated:

Dated: March 15, 2018	By:	/s/ David Skriloff

		David Skriloff (Principal Executive Officer and Principal Financial and Accounting Officer)

-25-

Item 6. Exhibits

Exhibit No.		Description Of Document

31.1		Certification of David Skriloff pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of David Skriloff of Periodic Financial Report under Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Extension Schema

101.CAL		XBRL Taxonomy Extension Calculation Linkbase

101.DEF		XBRL Taxonomy Extension Definition Linkbase

101.LAB		XBRL Taxonomy Extension Label Linkbase

-26-

Filing Compare · Environmental Packaging Technologies Holdings, Inc.