Green Globe International : Amended Financial Statements for the 9 Months ended September 30, 2021.

Green Globe International, Inc.

Incorporated in Delaware - November 12, 1999

Consolidated Financial Statements

Incorporating Hempacco Co., Inc. on a fully consolidated basis

For the 9 Months Ended

September 30, 2021

Unaudited Statements issued and prepared by Management

Green Globe International, Inc.

Incorporating: Hempacco Co., Inc. on a fully consolidated basis

Consolidated Financial Statements

(Unaudited)

Table of Contents

Balance Sheets as of September 30, 2021 and December 31, 2020.	3
Statements of Operations for the 9 Months ended September 30, 2021 and 2020	4
Statement of Changes in Stockholders Equity for the nine months ended September 30, 2021	5
Statements of Cash Flows for the 9 Months ended September 30, 2021 and 2020	6
Notes to the Financial Statements	7 - 20

The accompanying notes are an integral part of these financial Statements

Page 2 of 20

Green Globe International, Inc.

Incorporating Hempacco Co., Inc. on a fully consolidated basis

CONSOLIDATED BALANCE SHEETS

	(Unaudited)
	ASSETS	September 30		December 31,
Current Assets		2021			2020
Cash & Cash Equivalents		$	111,523	$	500
Accounts Receivable - Related Parties			147,466			5,587
Accounts Receivable			113,359			10,390
Less: Receivables Impairment Allowance		(34,066)			(10,290)
Inventory at Cost: Less obsolescence Allowance			170,726			92,699
Deposits & Prepayments			3,958			2,576
Total Current Assets			512,965			101,462
Property and Equipment
Leasehold Improvements			12,431			12,431
Furniture, Fixtures & Equipment			5,086,817			5,067,730
Accumulated Depreciation			(148,076)			(74,852)
Total Property and Equipment			4,951,172			5,005,309
Other Assets
Operating Lease - Right of Use Asset			659,319			642,752
Right of Use Assets - Accumulated Amortization			(164,471)			(91,629)
Total Other assets			494,848			551,123
Total Assets		$	5,958,985	$	5,657,894
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts Payable & Accrued Expenses		$	124,089	$	70,828
Accounts Payable - Related Parties			89,134			425,817
Customer Prepaid Invoices & Deposits			675,875			756,971
Loans Payable - Related Parties			24,600			26,600
Other Short Term Loans & Equipment Loan			1,843,328			1,554,535
Operating Lease - Right of Use Liability - Short Term Portion		101,423			97,010
Total Current Liabilities			2,858,449			2,931,761
Long Term Liabilities
Accrued Interest on Long Term Notes			11,968			3,590
Long Term Promissory Notes Payable			500,000			25,000
Long Term Promissory Notes Payable - Related Parties		-			11,500
Right of Use Liability - Straight-Line Rent Rule - Deferred Rent		13,710			9,362
Right of Use Liability - Long Term Portion			393,425			454,113
Total Long Term Liabilities			919,103			503,565
Total Liabilities			3,777,552			3,435,326
Stockholders' Equity
Common stock, $.0001 par value; 75,000,000,000	shares authorized. 54,547,648,356 issued and
54,220,148,356 outstanding as of September 30, 2021, and 3,700,640,356 shares issued and
outstanding as of December 31, 2020.
Common Stock Issued			5,454,764			84,780
Preferred stock, $.01 par value; 20,006,300 shares authorized. 0 and 6,300 shares issued and		2,000,001			3,638,357
outstanding as of September 30, 2021 and December 31, 2020.
Additional Paid in Capital			13,138,684			102,220
Accumulated Deficit			(18,412,015)			(1,602,789)
Total Stockholders' Equity			2,181,433			2,222,568
Total Liabilities and Stockholders' Equity		$	5,958,985	$	5,657,894

The accompanying notes are an integral part of these Consolidated Financial Statements

Page 3 of 20

Green Globe International, Inc.

Incorporating Hempacco Co., Inc. on a fully consolidated basis

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

		For the Three Months ended			For the Nine Months Ended
		30-Sep-21		30-Sep-20			30-Sep-21		30-Sep-20
Revenue
Sale of Materials	$	218,166		$	8,755		$	542,728		$	177,255
Sale of Materials - Related Parties		95,517			8,661			95,517			18,361
White Label Production & Consulting		111,488			23,504			272,763			81,855
Total Revenue		425,170			40,920			911,007			277,471
Cost of Goods Sold		314,857			723,358			613,784			827,572
Gross Profit from Operations		110,313			(682,438)			297,223			(550,101)
Expenses
General & Administrative		484,092			199,184			852,906			166,819
General & Administrative - Related Parties		60,000			-			403,973			335,691
Sales & Marketing		35,115			-			97,938			17,252
Research & Development		-			-			-			-
					-
Total Expenses		579,207			199,184			1,354,816			519,762
Operating Loss		(468,894)			(881,622)			(1,057,593)			(1,069,863)
Other Income / (Expenses)
Depreciation & Amortization		(902)			-			(2,140)			-
Interest expense		(43,791)			(79,814)			(253,786)			(129,485)
Profit / (Loss) on Disposal of Assets		1,145			-			54,698			-
Other Expenses		(29,469)			6			(79,493)			(32)
Total other income / (expenses)		(73,016)			(79,808)			(280,721)			(129,517)
Net Loss	$	(541,911)		$	(961,430)		$	(1,338,315)			(1,199,380)
PER SHARE DATA:
Basic & Dilutive Income / (Loss) per common share		($0.00)			($0.11)			($0.00)			($0.14)
Weighted average & contingently issuable shares outstanding		74,220,898,356			8,433,029			74,220,898,356			8,433,029

The accompanying notes are an integral part of these financial statements

Page 4 of 20

Green Globe International, Inc.

Incorporating Hempacco Co., Inc. on a fully consolidated basis

STATEMENT OF STOCKHOLDERS EQUITY

(Unaudited)

	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021	Common			Stock $		Preferred			Stock $			Additional			Retained			Stockholders'
		Shares			Amnt @ Par		Shares			Amnt @ Par			Paid in Capital			Deficit			Equity
	Balances - December 31, 2020	3,700,640,356		$	370,063		6,300		$	1		$	13,138,683		$	(13,574,937)		$	(66,190)
	Issuance of Shares for Acquisition of Hempacco - 5-21-2021	70,312,160,174		$	7,031,216		-		$	-		$	-		$	-		$	7,031,216
	Issuance of License Fee to Old Belt Extracts - 6-21-2021	4,347,826		$	435		-		$	-		$	-		$	-		$	435
	GGII Net Profit for 6 Month Period ended June 30, 2021:	-		$	-		-		$	-		$	-		$	28,689		$	28,689
	UST Mexico - Conversion of Common to Pref - 6-27-2021	(20,000,000,000)		$	(2,000,000)		20,000,000,000		$	2,000,000								$	-
	Balances - June 30, 2021	54,017,148,356	-		5,401,714	-	20,000,006,300	-		2,000,001	-		13,138,683			(13,546,248)	-		6,994,150
	Loss of Goodwill on Consolidation with Hempacco - June 9, 2021														$	(4,286,889)		$	(4,286,889)
	Adjustment to Acc. Deficit as of - December 31, 2020**														$	(1,610)		$	(1,610)
	Hempacco Net Losses 6-10-21 through 6-30-20														$	(35,358)		$	(35,358)
	Cancellation of 100 Preferred Shares Series A on consolidation						(100)		$	(0)								$	(0)
	Fischer Notes Settlement	200,000,000		$	20,000													$	20,000
	EMC2 Capital - Loan Inducement (BCF)	1,000,000		$	100													$	100
	First Fire Global - Loan Inducement (BCF)	2,000,000		$	200													$	200
	GGII Warrant Reserve Issues (see NOTE below)	327,500,000		$	32,750													$	32,750
	Net Loss for 3 Month Period ended September 30, 2021: - GGII	-		$	-		-		$	-		$	-		$	(170,301)		$	(170,301)
	Net Loss for 3 Month Period ended September 30, 2021: - Hempacco														$	(371,610)		$	(371,610)
	Balances - September 30, 2021	54,547,648,356		$	5,454,764		$ 20,000,006,200		$	2,000,001		$	13,138,683		$	(18,412,015)		$	2,181,432
	** 1,602,789 - 1,601,179 = 1,610
	NOTE
	Issued as Reserve for Warrants - NOT OUTSTANDING	65,500,000	$	6,550
	EMC2 Capital
	First Fire Global	131,000,000	$	13,100
	JSJ Investments	131,000,000	$	13,100
	Total Shares Outstanding:	327,500,000		$	32,750
	54,220,148,356
	THE HEMPACCO CO., INC.	STATEMENT OF STOCKHOLDERS EQUITY - FOR PRIOR YEAR COMPARISON
	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021	Common			Stock $		Preferred			Stock $			Additional			Accumulated			Stockholders'
		Shares			Amnt @ Par		Shares			Amnt @ Par			Paid in Capital			Deficit			Equity
	Balances - December 31, 2020	8,478,000		$	84,780		8,000,000		$	3,638,357		$	102,220		$	(1,602,789)		$	2,222,568
	Convertible Notes Converted to Common Stock	535,052			5,350		-			-			529,703			-			535,053
	Shares issued for Consulting Services	100,000			1,000								99,000						100,000
	Dividend on Preferred Stock	-			-		757,479			-			(757,479)			-			(757,479)
	Related Party Accounts Payable Converted to Common Stock	525,000			5,250		-			-			519,750			-			525,000
	Preferred Stock Converted to Common Stock	8,757,479			87,575		(8,757,479)			(3,638,357)			4,308,262			-			757,480
	Discount on Promissory Note Due to Issuance of Warrants	-			-		-			-			149,831			-			149,831
	Reduction of Par Value of Common Stock	-			(165,559)		-			-			165,559			-			-
	Net Loss: 9 Months Ended September 30, 2021	-			-		-			-			-			(1,196,703)			(1,196,703)
	Balances - September 30, 2021	18,395,531			18,396		0			0			5,116,846			(2,799,492)			2,335,750

The accompanying notes are an integral part of these financial statements Page 5 of 20