# UNITED STATESSECURITIES AND EXCHANGECOMMISSION

Washington, D.C. 20549

## FORM 10-K/A

[ X ]ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2009

[     ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934

For the transition period from ______________ to ________________

Commission File Number:000-32905

AMANASU ENVIRONMENTCORPRATION

(Exact name of registrant as specified in its charter)
| Nevada                                                        |   | 98-0347883                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State of other jurisdiction ofincorporation or organization) |   | (I.R.S. Eployer Identification No.) |

445 Park Avenue Center 10th Floor NewYork, NY 10022

(Address of principal executive offices)

212-836-4727

(Registrant's telephone number, including areacode)

Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |   | Name of eachexchange on which registered |
|---------------------|--------|------------------------------------------|
| COMMON STOCK        |   | OTC-BB                                   |

Securities registered pursuant to section 12(g) of the Act:

(Title of class)

(Title of class)

Indicate by check mark if theregistrant is a well-known seasoned issuer, as defined in Rule 405 ofthe Securities Act.
| Yes |   |   | No | X |
|-----|--------|--------|----|---|

Indicate by check mark if theregistrant is not required to file reports pursuant to Section 13 orSection 15(d) of the Act.
| Yes |   |   | No | X |
|-----|--------|--------|----|---|

                	Indicate by check mark whether the registrant (1) hasfiled 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 tosuch filing requirements for the past 90 days.                
| Yes | X |   | No |   |
|-----|---|--------|----|--------|

				Indicate by check mark if disclosure of delinquent filers pursuantto Item 405 of Regulation S-K(229.405 of this chapter)				is not contained herein, and will not be contained, to the best ofregistrant's knowledge, in definitive proxy or information statements				incorporated by reference in Part III of this Form 10-K or anyaadmendment to this Form 10-K.				
| Yes |   |   | No | X |
|-----|--------|--------|----|---|

                	Indicate by check mark whether the registrant is alarge accelerated filer, an accelerated filer, a non-accelerated filer,or a smaller                    reporting company. See the definitions of "largeaccelerated filer," "accelerated filer" and "smaller reporting copany"in                    Rule 12b-2 of the Exchange Act.                
| Large accelerated filer |   |                                         | Acceleratedfiler         |   |
|-------------------------|--------|----------------------------------------------|--------------------------|--------|
| Non-acceleratedfiler    |   | (Do not check if asmaller reporting company) | Smallerreporting company | X      |

Indicate by check mark whether the registrant is ashell company (as defined in Rule 12b-2 of the Exchange Act).
| Yes |   |   | No | X |
|-----|--------|--------|----|---|

##                 	APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARS:                

                	Indicate by check mark whether the registrant has filed all docments and reports required to be                	filed by sections 12, 13, or 15(d) of the SecuritiesExchange Act of 1934 subsequent to the distribution                    of securities under a plan confirmed by a court.                
| Yes |   |   | No |   |
|-----|--------|--------|----|--------|

##                 	APPLICABLE ONLY TO CORPORATE ISSUERS:                

                	Indicate the number of shares outstanding of each ofthe issuers                    classes of common stock, as of the latest practiable date: 44,000,816 as of March 31, 2010.                

----

## 					AMANASU ENVIRONMENT CORPORATION					ANNUAL REPORT ON FORM 10-K          FOR FISCAL YEAR ENDED DECEMBER 31, 2009					TABLE OF CONTENTS				

| Reference | Section Name                                                                                                 | Page |
|-----------|--------------------------------------------------------------------------------------------------------------|------|
| PART I    |                                                                                                              | 1    |
| Item 1.   | Business                                                                                                     | 1    |
| Item 1A.  | Risk Factors                                                                                                 | 3    |
| Item 1B.  | Unresolved Staff Comments                                                                                    | 5    |
| Item 2.   | Properties                                                                                                   | 5    |
| Item 3.   | Legal Proceedings                                                                                            | 5    |
| Item 4.   | Submission of Matters to a Vote of Security Holders                                                          | 5    |
| PART II   |                                                                                                              | 5    |
| Item 5.   | Market for Registrant's Common Equity, Related StockholderMatters, and Issuer Purchases of Equity Securities | 5    |
| Item 6.   | SelectedFinancial Data                                                                                       | 6    |
| Item 7.   | Management'sDiscussion and Analysis of Financial Condition and Results of Operations                         | 6    |
| Item 7A.  | Quantitative and Qualitative Disclosuresabout Market Risk                                                    | 7    |
| Item 8.   | Financial Statements and Supplementary Data                                                                  | 8    |
|           | Accountant'sAudit Report                                                                                     | 8    |
|           | Consolidated Balance Sheets                                                                                  | 9    |
|           | Consolidated Statements of Operations                                                                        | 10   |
|           | Consolidated Statements of Changes inStockholder's Equity                                                    | 11   |
|           | Consolidated Statements of Cash Flows                                                                        | 12   |
|           | Notes to Consolidated Financial Statements                                                                   | 13   |
| Item 9.   | Changes in andDisagreements with Accountants on Accounting and Financial Disclosure                          | 20   |
| Item 9A.  | Controls and Procedures                                                                                      | 20   |
| Item 9B.  | Other Information                                                                                            | 20   |
| PART III  |                                                                                                              |      |
| Item 10.  | Directors, Executive Officers and CorporateGovernance                                                        | 21   |
| Item 11.  | ExecutiveCompensation                                                                                        | 21   |
| Item 12.  | Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters                | 22   |
| Item 13.  | Certain Relationships andRelated Transactions, and Director Independence                                     | 23   |
| Item 14.  | Principal Accounting Fees and Services                                                                       | 24   |
| PART IV   |                                                                                                              |      |
| Item 15.  | Exhibits and Financial Statement Schedules                                                                   | 25   |
|           | Signatures                                                                                                   | 25   |

----

                	Forward Looking Statements. Certain of the statementscontained in this Annual Report on Form 10-K include forward lookingstatements. All statements other than statements of historical factsincluded in this Form 10-K regarding the Company's financial position,business strategy, and plans and objectives of management for futureoperations and capital expenditures, and other matters, are forwardlooking statements. These forward looking statements are based uponmanagement's expectations of future events. Although the Companybelieves the expectations reflected in such forward looking statementsare reasonable, there can be no assurances that such expectations willprove to be correct. Additional statements concerning important factorsthat could cause actual results to differ materially from the Company'sexpectations ("Item 1A. Risk Factors") are disclosed below in the Item1A. Risk Factors section a nd elsewhere in this Form 10-K. All writtenand oral forward looking statements attributable to the Company orpersons acting on behalf of the Company subsequent to the date of thisForm 10-K are expressly qualified in their entirety by the CautionaryStatements.                

# Part I

## Item 1. Business	

### General

                        	Amanasu Environment Corporation (herein afterthe "Company") principle business is in complete development ofEnvironmental Technologies to improve the quality of life for the future of the planet. The Company is involved in all aspects of environmentaltechnology development: research & development, marketing, sales. It also produces and acquires environmental technology and relatedpatents. Environmental technologies that the Company has been apart ofrange from water filtration systems, industrial/medical wasteincinerators, solar panels, to name a few. The Company chose to have its headquarters in the United States in order to bridge environmentaltechnology development internationally, with particular attention toleading innovations in Japan. The Company's parent company AmanasuCorporation, is a Japanese Corporation. The Company hopes to utilizeexisting associations and partnerships in order to bring environmentaltechnologies from the United States and market them in Japan and othersurrounding countries.

### Current

                        	During the fiscal year ended December 31, 2008, Chairman & Chief Executive Officer Atsushi Maki,                        	set a 2 year capital raising goal of$30,000,000 to increase the Company's potential by entering                            into the NASDAQ global market. The Company's main objective has not changed for the coming fiscal year endingDecember 31, 2010.              

                        	Aside from capital raising efforts, the company continues to support Amanasu Maritech Corporation,                            in development and required regulatoryapproval for Commercial Cargo Ship Ballast Water Purification                        	System. The Company and Amanasu MaritechCorporation are currently working through the approval process                            of this type of product with the Japaneseregulatory bodies. Also required documentation,                            and translations are being prepared foradditional approval by the main global governing body for marinetechnologies, IMO the International Marine Organization.                            The Company also continues to look forpartners and interested parties to further develop existing                        	business' and technolgies acquired by AmanasuMaritech Corporation, the Company's child company.                        

                        	The Company's principal offices were relocatedon April 1, 2010 from 115 East 57th Street 11th Floor New York, NY10022, to 445 Park Avenue Center 10th floor New York, NY 10022Telephone: 212-836-4727. The Tokyo branch has relocated from 1-3-38Roppongi, Minatoku, Tokyo, 106-0032, Japan to 1-7-10 MotoakasakaBuilding 9th Floor Motoakasaka Minato-Ku Tokyo Telephone: 03-5413-7322.                        

                        	As of April 27th, 2009 Amanasu MaritechCorporation (formerly Amanasu Holdings Corporation) transferred itsshares of                            Amanasu Water Corporation to its sisterCompany Amanasu Techno Holdings Corporation.                            Amanasu Techno Holdings plans to utilize the Amanasu Water Corporation's existing resources                            to enter into the Health, and MedicalDevices industry. In exchange Amanasu Holdings Corporation                            received 200,000 shares of Amanasu TechnoHoldings.                        

                        The Company is concentrating its efforts intoAmanasu Maritech Corporation, and as a result                        will not put further resources into AmanasuMaritech Corporation's child companies                        Amanasu Echo Frontier, Amanasu Energy, Petstyle, Amanasu Project Support, and BJSS during the fisical year endingDecember 31, 2010.                        

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### History

Amanasu Environment Corporation ("Company")was incorporated in the State of Nevada on February 22, 1999 under thename of Forte International Inc. On March 27, 2001, the Company's namewas changed to Amanasu Energy Corporation, and on November 13, 2002, its name was changed to Amanasu Environment Corporation.

It has acquired the exclusive, worldwide license rights to a hightemperature furnace, a hot water boiler, and ring-tube desalinationmethodology. At this time, the Company is not engaged in the commercialsale of any of its licensed technologies. Its operations to date havebeen limited to acquiring the technologies, conducting limited productmarketing, and testing the technologies for commercial sale. For eachsuch technology, proto-type or demonstrational units have beenconstructed by each licensor or inventor of the technology. The Companyhas conducted various internal tests on these units to determine thecommercial viability of the underlying technologies. As a result of such testing, the Company believes that the products are not commerciallyready for sale, and that product refinements are necessary with respectto each of the technologies. In addition, the Company may seek jointventure or other affiliations with companies competitive in eachrespective product market whereby the Company can capitalize on theexisting infrastructure of such other companies, such as product designand engineering, marketing and sales, and warranty and post-warrantyservice and repair. The Company believes that its marketing efforts tosell any of its products will be limited until such time as it cancomplete the refinements of its technologies. The Company can notpredict whether it will be successful in developing commercial products, or establishing affiliations with any operating company.

On June 8, 2000, the Company obtained the exclusive, worldwidelicense to a technology that disposes of toxic and hazardous wastesthrough a proprietary, high temperature combustion system, known as theAmanasu Furnace. The rights were obtained pursuant to a licenseagreement with Masaichi Kikuchi, the inventor of the technology, for aperiod of 30 years. The Company issued 1,000,000 share of common stockto the inventor and 200,000 shares of common stock to a director of theinventor's company. Under the licensing agreement; the Company isrequired to pay the licensor a royalty of two percent of the grossreceipts from the sale of products using the technology. If the Companyfails to comply with any provision of the agreement after a 90-daynotice period, the licensor may terminate the agreement.

Effective September 30, 2002, the Company obtained the exclusive,worldwide license to a hot water boiler technology that incinerateswaste tires in a safe and non-polluting manner and extracts heat energyfrom the incineration process. The rights were obtained pursuant to alicense agreement with Sanyo Kogyo Kabushiki Gaisha and Ever GreenPlanet Corporation, both Japanese companies, for a period of 30 years.As consideration for this acquisition, the Company paid the licensors$250,000, of which the Company's President paid $95,000, issued to them600,000 shares of common stock, and issued to an affiliate of thelicensors 50,000 shares of common stock. The licensors are entitled toreceive a two percent royalty on the gross receipts from the sale of the products related to the technology. If the Company fails to comply with any provision of the agreement after a 90-day notice period, thelicensor may terminate the agreement.

On June 30, 2003, the Company acquired the exclusive worldwide rights to produce and market a patented technology that purifies seawater, and removes hazardous pollutants from wastewater. The rights were obtainedpursuant to a license agreement with Etsuro Sakagami, the inventor, for a period of 30 years. As consideration for obtaining the license, theCompany issued 1,000,000 shares to the inventor, and 50,000 shares to afinder. The licensor is entitled to receive a two percent royalty on the gross receipts from the sale of the products related to the technology. If the Company fails to comply with any provision of the agreementafter a 90-day notice period, the licensor may terminate the agreement.

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## Item 1A. Risk Factors

### Ability To Develop Commercial Product

The Company presently maintains rights to three differenttechnologies. At this time, proto-type versions of products for each ofthe three technologies have been developed, however, none of theproducts are commercially ready for sale. In order to reach a stage ofcommercial sales for the products, the Company prefers to put emphasison joint venturing and funding a company who has advanced technologicalknowledge and progressed sales history of the same field for the purpose of cooperation. The Company can not predict that it will be successfulin developing commercially ready products for any of the technologies in the near future or at any time.

### Rapid Technological Changes

The industries in which the Company intends to compete with aresubject to rapid technological changes. No assurances can be given thatthe technological advantages which may be enjoyed by the Company inrespect of their technologies can not or will not be overcome bytechnological advances in the respective industries rendering theCompany's technologies obsolete or non-competitive.

### Lack of Indications Of Product Acceptability

The success of the Company will be dependent upon its ability todevelop commercially acceptable products and to sell such products inquantities sufficient to yield profitable results. To date, the Companyhas received no indications of the commercial acceptability of any ofits proposed products. Accordingly, the Company can not predict whetherits products can be marketed and sold in a commercial manner.

### Management

The ability of the Company to successfully conduct its businessaffairs will be dependent upon the capabilities and business acumen ofcurrent management including Mr. Atsushi Maki, the Company's President.Accordingly, shareholders must be willing to entrust all aspects of thebusiness affairs of the Company to its current management. Further, theloss of any one of the Company's management team could have a materialadverse impact on its continued operation.

### Control Exercised By Management

As of March 15, 2006, the existing officers and directors, and affiliates will control approximately 78.80% of the shareholder votes.Consequently, management will control the vote on all matters broughtbefore shareholders, and holders of common stock may have no power incorporate decisions usually brought before shareholders.

### Conflicts of Interest

The officers of the Company are not full time employees. Presently,the Company does not have a formal conflicts of interest policygoverning its officers and directors. In addition, the Company does nothave written employment agreements with its officers. Its officersintend to devote sufficient business time and attention to the affairsof the Company to develop the Company's business in a prudent andbusiness-like manner. However, the principal officer is engaged in other businesses related and unrelated to the business of the Company, and in the future, will engage in other business ventures. As a result, theprincipal officer and other officer of the Company may have a conflictof interest in allocating their respective time, services, and futureresources, and in exercising independent business judgment with respectto their other businesses and that of the Company.

### Reliance upon Third Parties

The Company does not intend on maintaining a significant technicalstaff nor does it intend on manufacturing its products. Rather it willrely heavily on consultants, contractors, and manufacturers to design,develop and manufacture its products. Accordingly, there is no assurance that such third parties will be available when needed at affordableprices.

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### Competition

Although management believes its products, if developed, will havesignificant competitive advantages to other products in their respective industries, with respect to such products, the Company will becompeting in industries, such as the industrial waste industry, whereenormous competition exists. Competitors in these industries havegreater financial, engineering and other resources than the Company. Noassurances can be given that any advances or developments made by suchcompanies will not supersede the competitive advantages of the Company's products.

### Protection Of Intellectual Property

The success of the Company will be dependent, in part, upon theprotection of its proprietary of its various technologies fromcompetitive use. Certain of its technologies are the subject of variouspatents in varying jurisdictions (See " Description of Business -Proprietary Rights"). In addition to the patent applications, theCompany relies on a combination of trade secrets, nondisclosureagreements and other contractual provisions to protect its intellectualproperty rights. Nevertheless, these measures may be inadequate tosafeguard the Company's underlying technologies. If these measures donot protect the intellectual property rights, third parties could usethe Company's technologies, and its ability to compete in the marketwould be reduced significantly. In addition, if the sale of theCompany's product extends to foreign countries, the Company may not beable to effectively protect its intellectual property rights in suchforeign countries.

In the future, the Company may be required to protect or enforce itspatents and patent rights through patent litigation against thirdparties, such as infringement suits or interference proceedings. Theselawsuits could be expensive, take significant time, and could divertmanagement's attention from other business concerns. These actions could put the Company's patents at risk of being invalidated or interpretednarrowly, and any patent applications at risk of not issuing. In defense of any such action, these third parties may assert claims against theCompany. The Company cannot provide any assurance that it will havesufficient funds to vigorously prosecute any patent litigation, that itwill prevail in any of these suits, or that the damages or otherremedies awarded, if any, will be commercially valuable. During thecourse of these suits, there may be public announcements of the resultsof hearings, motions and other interim proceedings or developments inthe litigation, which could result in the negative perception byinvestors, which could cause the price of the Company's common stock todecline dramatically.

### Indemnification of Officers and Directors for Securities Liabilities

The Company's By-Laws eliminates personal liability in accordancewith the Nevada Revised Statutes (NRS). Section 78.7502 of the NRSprovides that a corporation may eliminate personal liability of anofficer or director to the corporation or its stockholders for breach of fiduciary duty as an officer or director provided that suchindemnification is limited if such party acted in good faith and in amanner which he reasonably believed to be in or not opposed to the bestinterest of the corporation. In so far as indemnification for liabilityarising from the Securities Act of 1933 ("Act") may be permitted todirectors, officers or persons controlling the Company, it has beeninformed that in the opinion of the Securities and Exchange Commissionsuch indemnification is against public policy as expressed in the Actand is, therefore, unenforceable.

### Penny Stock Regulation

The Company's common stock may be deemed a "penny stock" underfederal securities laws. The Securities and Exchange Commission hasadopted regulations that define a "penny stock" generally to be anyequity security that has a market price of less than $5.00 per share,subject to certain exceptions. These regulations impose additional sales practice requirements on any broker/dealer who sell such securities toother than established investors and accredited investors. Fortransactions covered by this rule, the broker/dealer must make certainsuitability determinations and must receive the purchaser's writtenconsent prior to purchase. Additionally, any transaction may require the delivery prior to sale of a disclosure schedule prescribed by theCommission. Disclosure also is required to be made of commissionspayable to the broker/dealer and the registered representative, as wellas current quotations for the securities. Finally, monthly statementsare required to be sent disclosing recent price information for thepenny stock held in the account of the customers and information on thelimited market in penny stocks. These requirements generally areconsidered restrictive to the purchase of such stocks, and may limit the market liquidity for such securities.

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## Item 1B. UnresolvedStaff Comments

None.

## Item 2. Properties

The Company's executive offices are located at445 Park Avenue Center 10th Floor New York, NY 10022 and Vancouver,British Columbia. The total premises are 2,000 square feet and aresubleased at a monthly rate of $2,500 under a lease agreement whichexpires September 30, 2007. The Company shares the space with AmanasuTechnologies Corporation, a reporting company under the SecuritiesExchange Act of 1934.In addition, the Company maintains an office at1-7-10 Motoakasaka Building 9th Floor Motoakasaka Minato-Ku Tokyo Japan. 

## Item 3. Legal Proceedings

None.

## Item 4. Submission ofMatters to a Vote of Security Holders

None.

# Part II

## Item 5. Market forRegistrant's Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities

The Company's common stock has traded on theNASDAQ OTC Bulletin Board since October 2002 under the symbol "AMSU".

The table below sets forth the high and low bid prices of the Commonstock of the Company as reported by NASDAQ. The quotations reflectinter-dealer prices, without retail mark-up, mark-down, or commissionsand may not necessarily represent actual transactions. There is anabsence of an established trading market for the Company's common stock, as the market is limited, sporadic and highly volatile. The absence ofan active market may have an effect upon the high and low priced asreported. 
| Quarter Ended                 | Mar. 31 | Jun. 30 | Sep. 30 | Dec. 31 | Year |
|-------------------------------|---------|---------|---------|---------|------|
| Fiscal Year 2009              |         |         |         |         |      |  |  |  |  |  |
| Common stock price per share: |         |         |         |         |      |  |  |  |  |  |
| High                          | $       | 0.20    | $       | 0.20    | $    | 0.19 | $ | 0.19 | $ | 0.20 |
| Low                           | $       | 0.20    | $       | 0.10    | $    | 0.18 | $ | 0.10 | $ | 0.10 |
| Fiscal Year 2008              |         |         |         |         |      |  |  |  |  |  |
| Common stock price per share  |         |         |         |         |      |  |  |  |  |  |
| High                          | $       | 0.34    | $       | 0.35    | $    | 0.30 | $ | 0.30 | $ | 0.35 |
| Low                           | $       | 0.25    | $       | 0.25    | $    | 0.25 | $ | 0.20 | $ | 0.20 |

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### Compensation Plan Information

| Equity Compensation Plan Information                          |
|---------------------------------------------------------------|
||
| Equitycompensation plans approved by security holders (1)     | -0- | -0- | -0- |
| Equitycompensation plans not approved by security holders (2) | -0- | -0- | -0- |
| Total                                                         | -0- | -0- | -0- |

During  the quarter ended June 30, 2003, 20,000 shares were allotted to Reraise Corporation, a private Japanese company,   at a price  of $4.99 per share for total consideration of $99,900. As of the date   hereof,  the shares have not been issued due to pending documentation needed to   affect a  new share issuance. As a result, the $99,900 consideration received   should be  considered a liability, as opposed to a capital contribution, until the   shares  have been issued. In July 2005, the Company made the repayment of the amount of $   100,000 to Reraise Corporation thus ending   the Company's liability. 

### Private Placement

During  the 2005 fiscal year, the Company issued 1,000,000 shares of common   stock,  realizing cash proceeds of $3,500,000. These sales were exempt under   Regulation  S under the Securities Act of 1933, as amended, due to the foreign   nationality  of the relevant purchasers.					

### Recent Sales Of Unregistered Securities - Deposits for Common

						The most recent sale of unregistered securities was during thequarter ended June 30, 2003, 20,000						shares were allotted to Reraise Corporation, a private Japanesecompany, at a price of $4.99 per						share for total consideration of $99,900. In July 2005, theCompany made the repayment of the amount						of $ 100,000 to Reraise and completed the liability.					

### Private Placement

						During the 2005 fiscal year, the Company issued 1,000,000 sharesof common stock, realizing cash						proceeds of $3,500,000. These sales were exempt under Regulation S under the Securities Act of 1933,						as amended, due to the foreign nationality of the relevantpurchasers.					

## Item 6. Selected FinancialData

Not Applicable.

## Item 7. Management'sDiscussion and Analysis of Financial Condition and Results of Operations

Plan Of Operations

Amanasu EnvironmentCorporation

                	The Company has 2 main objective's during the fiscalyear ending December 31, 2010.                	The Company will continue in its goal to meet thecapital objective of $30,000,000 by the end of 2010.                    Currently the company is exploring various potential investment partners in Japan, as well as China.                    The Company cannot predict whether it will besuccessful with its objective.              

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                	Secondly the company will support Amanasu MaritechCorporation's efforts on entering into marine technologies.                	The Company will assist an approximately 24 monthdesign, and approval process for the product from at least 2                    regulatory bodies: the Japanese Government, and theIMO (International Marine Organization). This approval                    process requires capital for additional producttesting, documentation, and documentation translations.                    The Company believes that Amanasu MaritechCorporation's most significant hurdle will be in capital raising.                    The Company has already initiated documentation andapplication processes, and is now looking for capital to                    fund the project. The Company cannot predict whether it will be successful with its capital raising efforts.                

Results of Operations

Total Current Assets for the fiscal  year ended December 31, 2009 was $546,567 compared to $703,583 for the   same  period of 2008. The decrease is due primarily to transfers of funds from  Certificate of Deposits to Expense Accounts and use of those funds for  operational expenses.

Total Current Liabilities for the  fiscal year ended December 31, 2009 was $39,122 compared to $85,425 for   the  same period of 2008. The decrease is due primarily to transfers of funds from  Certificate of Deposits to Expense Accounts and use of those funds for  operational expenses.

Sales  for the fiscal year ended December 31, 2009 were $ 0.  Although the sales   of the year ended December 31, 2008 are reported as  zero, there are sales of $225,697 included in the calculation of Loss   from  Discontinued Operations.  These are sales  of Amanasu Shinwa Corporation, which was   sold during  2008.  

Gross  Profit for the years ended December 31, 2009 and 2008 was $ 0.  The amount of gross profit included in the calculation of Loss   from  Discontinued Operations was $33,931.

Expense for the year ended December  31, 2009 was $ (280,510) compared to $(610,114) for the same period of   2008.  The decrease is due primarily to the absence of Amanasu  Water Corporation and Amanasu Shinwa   Corporation.

Impairment  of fixed assets for the fiscal year ended December 31, 2009 was $ 0   compared to  $(66,285) for the same period of 2008.  There were no fixed   assets  impaired during 2009.

Impairment  of investments for the year ended December 31, 2009 was $ 0 compared to  $(79,703) for the same period of 2008.  There were no   investments  impaired during 2009.

Liquidity and Capital

Other than the provision of alternating businessplanning costs discussed above, the Company's cash requirements for thenext 12 months are estimated to be $165,000. This amount is comprised of the following estimate expenditures; $100,000 in annual salaries foroffice personnel, office expenses and travel, $30,000 for rent, $20,000for professional fees, and $15,000 for miscellaneous expenses. TheCompany has sufficient cash on hand to support its overhead for the next 12 months but no material commitments for capital at this time otherthan as described above. The Company and/or Amanasu Holdings will needto issue and sell shares to gain capital for operations. 

## Item 7A.Quantitative and Qualitative Disclosures About Market Risk

Not Applicable.

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## Item 8. FinancialStatements and Supplementary Data

### 						AMANASU ENVIRONMENT CORPORATION						CONSOLIDATED FINANCIAL STATEMENTS						DECEMBER 31, 2009					

### Report of Independent Registered Public Accounting Firm

						Board of Directors						Amanasu Environment Corporation					

						We have audited the accompanying consolidated balance sheets of Amanasu Environment Corporation and Subsidiaries (A Development Stage Company) as of December 31, 2009 and 2008 and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years ended December 31, 2009 and 2008. These financial statements are the responsibility of the Company management. Our responsibility is to express an opinion on these financial statements based on our audit.					

						We conducted the audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.					

						In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Amanasu Environment Corporation and Subsidiaries (A Development Stage Company) as of December 31, 2009 and 2008 and the results of its operations and its cash flows for the years ended December 31, 2009 and 2008 in conformity with U.S. generally accepted accounting principles.					

						/s/ Robert G. Jeffrey						ROBERT G. JEFFREY, Certified Public Accountants						June 18, 2010						Wayne, New Jersey					

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES                        CONSOLIDATED BALANCE SHEETS                        December 31, 2009 and 2008					

|                                                                                                                            | 2009           |        | 2008           |
|----------------------------------------------------------------------------------------------------------------------------|----------------|--------|----------------|
| ASSETS                                                                                                                     |           |   |           |
| Current  Assets:                                                                                                           |           |   |           |
| Cash                                                                                                                       | $      8,467   |   | $      7,583   |
| Certificates of deposit                                                                                                    | 536,000        |   | 696,000        |
| Prepaid expense                                                                                                            | 2,100          |        | -              |
| Total current  assets                                                                                                      | 546,567        |   | 703,583        |
|                                                                                                                       |           |   |           |
| Fixed  Assets:                                                                                                             |           |   |           |
| Machinery and equipment                                                                                                    | 25,859         |   | 25,859         |
| Less,  accumulated depreciation                                                                                            | 21,560         |   | 19,785         |
| Net fixed  assets                                                                                                          | 4,299          |   | 6,074          |
|                                                                                                                       |           |   |           |
| Other  Assets:                                                                                                             |           |   |           |
| Investments                                                                                                                | -              |   | 92,604         |
| Employee advances                                                                                                          | 50,000         |   | 50,000         |
| Due  from affiliate                                                                                                        | 37,944         |   | 38,724         |
| Total other  assets                                                                                                        | 87,944         |   | 181,328        |
|                                                                                                                       |           |   |           |
| Total  Assets                                                                                                              | $ 638,810      |   | $ 890,985      |
|                                                                                                                       |           |   |           |
| LIABILITIES  AND STOCKHOLDERS' EQUITY                                                                                      |           |   |           |
|                                                                                                                       |           |   |           |
| Current  Liabilities:                                                                                                      |           |   |           |
| Accounts payable                                                                                                           | $      5,524   |   | $      45,762  |
| Accrued expenses                                                                                                           | 21,206         |   | 6,775          |
| Payroll and other taxes payable                                                                                            | 10,332         |   | 8,547          |
| Loan from affiliate                                                                                                        | 2,060          |   | 24,341         |
| Total current     liabilities                                                                                              | 39,122         |   | 85,425         |
|                                                                                                                       |           |   |           |
|                                                                                                                       |           |   |           |
| Stockholders'  Equity: Common  stock: authorized 100,000,000 shares of   .001 par value; 44,001,816 issued and outstanding | 44,001         |   | 44,001         |
| Additional paid in capital                                                                                                 | 4,693,652      |   | 4,634,223      |
| Accumulated deficit                                                                                                        | (4,140,655)    |   | (3,879,122)    |
| Other comprehensive income                                                                                                 | (348)          |   | 1,130          |
| Total Amanasu Environment Corporation Stockholders' Equity                                                                 | 596,650   |   | 800,232   |
| Non controlling interest                                                                                                   | 3,038          |   | 5,328          |
| Total Stockholders' equity                                                                                                 |  599,688  |   | 805,560   |
| Total  Liabilities and Stockholders' Equity                                                                                | $ 638,810      |   | $ 890,985      |

The accompanying notes are an integralpart of these

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES                        CONSOLIDATED STATEMENTS OF OPERATIONS ANDDEFICITACCUMULATED DURING DEVELOPMENT STAGE                        For the Years Ended December 31, 2009 and 2008					

|                                                                 | 2009            |   | 2008            |   | January 1, 2009 (Date of    Commencement of Development Stage) to December 31, 2009 |
|-----------------------------------------------------------------|-----------------|--------|-----------------|--------|-------------------------------------------------------------------------------------|
| Expenses                                                        | (280,509        |   | (610,114)       |        | $ (280,509)                                                                         |
| Impairment  of fixed assets                                     | -               |   | (66,285)        |        | -                                                                                   |
| Impairment  of investments                                      | -               |   | (79,703)        |        | -                                                                                   |
| Operating  loss                                                 | (280,509)       |   | (756,102)       |        | (280,509)                                                                           |
|                                                                 |            |   |            |        |                                                                                     |
| Other  Income:                                                  |            |   |            |        |                                                                                     |
| Interest  Income                                                | 10,120          |   | 28,671          |        | 10,120                                                                              |
| Profit  on sale of subsidiary                                   | -               |   | 99,509          |        | -                                                                                   |
| Miscellaneous  revenue                                          | -               |   | 1,315           |        | -                                                                                   |
| Total other income                                              | 10,121          |   | 129,495         |        | 10,120                                                                              |
|                                                                 |            |   |            |        |                                                                                     |
| Loss    from continuing operations                              | (270,389)       |   | (626,607)       |        | (270,389)                                                                           |
| Loss    from discontinued operations                            | -               |   | (30,883)        |        | -                                                                                   |
| Net loss                                                        | (270,389)       |   | (657,490)       |        | (270,389)                                                                           |
| Net loss attributable to noncontrolling  interest               | 8,856      |   | 28,874     |        | 8,856                                                                               |
| Net loss attributable to Amanasu Environment Corporation        | (261,533)  |   | (628,616)  |        | (261,533)                                                                           |
|                                                            |            |   |            |        |                                                                                     |
| Other  Comprehensive Income Gain on foreign exchange conversion | 6,232           |   | 28,022          |        | 6,252                                                                               |
| Total  comprehensive loss                                       | $(255,301)      |   | $(600,594)      | $      | (255,301)                                                                           |
|                                                                 |            |   |            |        |                                                                                     |
| Net    loss per share - basic and diluted                       | $.01            |   | $(.01)          |        |                                                                                     |
|                                                                 |            |   |            |        |                                                                                     |
| Average  number of shares outstanding                           | 44,001,816      |   | 44,001,816      |        |                                                                                     |

The accompanying notes are an integralpart of these

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### 						AMANASUENVIRONMENT CORPORATION and SUBSIDIARIESCONSOLIDATEDSTATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITYForthe Years Ended December 31, 2009 and 2008					

|                                   |            |         |            |                   |              | Additional  |                | Accumulated    |     |       |
|-----------------------------------|------------|---------|------------|-------------------|--------------|-------------|---------------------|----------------|----------|-------|
|                                   |            |         |            | Common      Stock | Paid      In | Accumulated | Other Comprehensive | Noncontrolling |          |
|                                   |            |         |            | Shares            | Amount       | Capital     | Deficit             | Income         | Interest | Total |
| Balance, December  31, 2007       | 44,000,816 | $44,001 | $4,634,223 | $ (3,250,506)     | $109         | $34,100     | $1,461,927          |
| Net loss for  period              | -          | -       | -          | (628,616)         |              | (28,874)    | (657,490)           |
| Transfer on sale of subsidiary    |            |         |            |                   | (27,001)     | (2,700)     | (29,701)            |
| Other comprehensive income        | -          | -       | -          | -                 | 28,022       | 2,802       | 30,824              |
|                                   |       |    |       |                   |         |        |                |
| Balance, December  31, 2008       | 44,000,816 | 44,001  | $4,634,223 | (3,879,122)       | 1,130        | 5,328       | $805,560            |
| Net loss for  period              |       |    |       | (261,533)         |              | (8,856)     | (270,389)           |
| Transfer upon sale  of subsidiary |            |         | 59,429     |                   | 6,232        | 623         | 6,855               |
| Other comprehensive income (loss) |       |    |       |                   | (7,710)      | 5,943       | 57,662              |
| Balance, December     31, 2009    | 44,000,816 | $44,001 | $4,693,652 | $(4,140,655)      | $(348)       | $3,038      | $599,688            |

The accompanying notes are an integralpart of these

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWSFor the Years Ended December 31, 2009 and 2008					

|                                                           | Year 2009       |        | Year 2008  | January 1, 2009

(Date of Commencement of Development    Stage) To December 31, 2009 |
|-----------------------------------------------------------|-----------------|--------|------------|--------------------------------------------------------------------------------------|
| CASH  FLOWS FROM OPERATIONS                               | $(270,389)      |   | $(657,490) | $ (270, 389)                                                                         |
| Net  loss                                                 |            |   |       |                                                                                      |
| Adjustments  to reconcile net loss to net cash            |            |   |       |                                                                                      |
| consumed by operating activities:                         |            |   |       |                                                                                      |
| Charges and  credits not involving use of cash:           |            |   |       |                                                                                      |
| Depreciation and amortization                             | 1,775           |   | 39,138     | 1,775                                                                                |
| Write down of machinery                                   |                 |   | 66,285     | -                                                                                    |
| Write down of investments                                 |            |   | 85,785     | -                                                                                    |
| Write offs of bad debts                                   | 86,031     |   | 211,594    | 86,031                                                                               |
| Profit on sale of subsidiary                              | -          |   | (99,509)   | -                                                                                    |
|                                                           |            |   |            |                                                                                      |
| Change  in current assets and liabilities:                |            |   |       |                                                                                      |
| Decrease (increase) in notes and accounts      receivable | -               |        | 76,672     | -                                                                                    |
| Decrease (increase) in prepaid expenses                   | (2,100)         |        | 69,115     | (2,100)                                                                              |
| Decrease in raw materials                                 | -               |        | 566        | -                                                                                    |
| Increase accounts payable                                 | 5,443           |        | 21,242     | 5,443                                                                                |
| Increase (decrease) in payroll and other taxes payable    | 3,958           |        | (17,562)   | 3,958                                                                                |
| Increase (decrease) in accrued expenses                   | 14,408          |        | (84,910)   | 14,408                                                                               |
| Net     Cash Consumed By Operating Activities             | (160,874)  |   | (289,074)  | (160,874)                                                                            |
|                                                           |            |   |       |                                                                                      |
| CASH  FLOWS FROM INVESTING ACTIVITIES                     |            |   |       |                                                                                      |
| Redemptions of      certificates of deposit               | 160,000    |   | 75,000     | 160,000                                                                              |
| Cash received on sale      of subsidiary                  | -          |   | 148,898    | -                                                                                    |
| Cash Transferred on sale of subsidiary                    | (270)      |   | -     | (270)                                                                                |
| Net  Cash Provided By Investing Activities                | 159,730    |   | 223,898    | 159,730                                                                              |
|                                                           |            |   |       |                                                                                      |
| CASH  FLOWS FROM FINANCING ACTIVITIES                     |            |   |       |                                                                                      |
| Proceeds of shareholder loan                              | 855        |   | -          | 855                                                                                  |
| Advances from      affiliate                              | 1,175      |   | 23,642     | 1,175                                                                                |
|                                                           |            |   |       |                                                                                      |
| Net  Cash Provided By Financing Activities                | 2,030      |   | 26,642     | 2,030                                                                                |
|                                                           |            |   |       |                                                                                      |
| Exchange Rate  Effect on Cash                             | (2)        |   | 30,824     | (2)                                                                                  |
| Net  Change in Cash Balances                              | 884             |   | (10,710)   | 884                                                                                  |
| Balance,  beginning of period                             | 7,583           |   | 18,293     | 7,583                                                                                |
|                                                           |            |   |       |                                                                                      |
| Balance, end of period                                    | $8,467          |   | $7,583     | 8,467                                                                                |

The accompanying notes are an integralpart of these

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2009					

#### 1. ORGANIZATION AND BUSINESS

Organization of Company

The Company is a Nevada Corporation, formed February 22, 1999, asForte International, Inc. The name was changed to Amanasu EnergyCorporation on March 27, 2001, and to Amanasu Environment Corporation on October 18, 2002.

Business

On October 19, 2004, the Company invested $100,000 for a 100% interest in a newly formed subsidiary, Amanasu Shinwa Corporation (Shinwa), which is located in Gunma, Japan. On December 16, 2005, a second 100% owned subsidiary was formed, Amanasu Holdings, Inc. (Holdings), which is located in Tokyo, Japan. Holdings made investments in five other Japanese companies during 2005, including an $84,288 investment in Shinwa. The investee companies were involved in a variety of businesses. Shinwa performed fabricating services, principally welding, on stainless steel piping; it has also developed, and continues development of, systems for cleaning the waters of rivers, streams and lakes.

Investments in the five companies mentioned above have either been repaid, written off by the absorption of accumulated losses, or written off because of abandonment.  In addition to the investments, advances had been made to two of these companies.  These advances had been guaranteed by a company controlled by the Company president.  This guarantee was withdrawn during 2009 and write offs were made totaling $86,031.

On September 21, 2006, Soae Corporation, a Japanese electronics manufacturer, invested $426,014 for a 9% interest in Holdings. Also on September 21, 2006, Holdings formed another subsidiary, named Amanasu Water Corporation (Water). Water's plan of operation was to market a new type of water called "Hydrogen-ion water". Hydrogen-ion water is believed to have effective anti-oxidant properties.

On July 1, 2008, the Company sold its equity interest in Shinwa to the president of Shinwa for cash. On the same day, Holdings sold its equity interest in Shinwa to the president of Shinwa for a cash payment of $56,655 and the right to collect a $37,780 debt that was owed to Shinwa by a corporation controlled by the Company president. The Company realized a profit on these transactions of $99,509.

In March 2005, the Company made a $290,000 equity investment in Kogure Susakusho Ltd., (Kogure), a Japanese company which held patents for an industrial incinerator, called the Swing Melter. The original intention was that the Company would receive 20% of the profits on sales of the incinerator. In April 2005, the Company purchased, for $400,000, a demonstration model of the Swing Melter for use in attracting customers. Subsequently, Kogure ceased doing business and the Company exchanged its investment for the Kogure patents. In October 2005, a new company, now named Echo Frontier Corp., was formed by former employees of Kogure to produce the Swing Melter. On December 16, 2005, the

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#### 1. ORGANIZATION AND BUSINESS (CONT'D) Business (CONT'D)

Company made a $143,187 investment in the new company. In addition to its equity interest in the new company, the Company was to receive patent royalties on sales of the Swing Melter. During 2006, 2007, and 2008, the values of the investment and the demonstration model were reviewed and in each case impairment was found to have occurred, and write downs were made. The remaining balances of these investments were written off in 2008.

In September 2006 a new Japanese subsidiary, Amanasu Water Corporation (Water) was formed by Holdings to package and sell bottled water in the Far East.  Water was 100% owned by Holdings.  It was sold on April 27, 2009 to a corporation controlled by the Company president.

Basis of Consolidation

The consolidated financial statements include the accounts of the Company and its subsidiaries; the operating results of Shinwa and Water are included up to the dates of their sales. All significant intercompany balances and transactions have been eliminated in consolidation.

The equity interest in each of the five investee companies mentioned above was not more than 50% and the companies were not consolidated in these financial statements; they were accounted for by the equity method of accounting.

#### 2. RESTATEMENTS

On May 20, 2010, the Company determined that a restatement of its financial statements for the year ended December 31, 2009 was necessary to properly report the balance sheet, statement of operations and statement of cash flows as at December 31, 2009 and for the year then ended.  A series of mistakes occurred in the preparation of these financial statements.  The effects of these restatements on the financial statements previously issued are presented below.

 
| Balance Sheet                              |
|--------------------------------------------|
| Year Ended December 31, 2009               |
|                                       |   |   |   |
|                                       | Previously |   |   |
|                                       | Reported | Adjustments | As Restated |
| Accrued Expenses                           | $31,206 | $(10,000)(A) | $21,206 |
| Total current liabilities                  | 49,122 | (10,000) | 39,122 |
| Additional paid in capital                 | 4,707,483 | (13,831)(C) | 4,693,652 |
| Accumulated deficit                        | (4,228,816) | 88,161(D) | (4,140,665) |
| Other comprehensive income                 | 75,507 | (75,855)(E) | (348) |
| Total Amanasu Environment                  |   |   |   |
| Corporation stockholders'                  |   | _________ |   |
| equity                                     | 598,175 | (1,525) | 596,650 |
| Noncontrolling interest                    | (8,487) | 11,525(B) | 3,038 |
| Total stockholders' equity                 | 589,688 | 10,000 | 599,688 |
| Total Liabilities and Stockholders' Equity | $638,810 | $- | $638,810 |

 
| Statement of Operations                                   |
|-----------------------------------------------------------|
| Year Ended December 31, 2009                              |
|                                                      |   |   |   |
|                                                      | Previously |   |   |
|                                                      | Reported | Adjustments | As Restated |
| Expenses                                                  | $(290,510) | $10,001(A) | $(280,509) |
| Operating loss                                            | (290,510) | 10,001 | (280,509) |
| Loss from continuing operations                           | (280,389) | 10,000 | (270,389) |
| Minority interest in loss                                 | 8,856 | (8,856)(B) | - |
| Net loss                                                  | (271,533) | 1,144 | (270,389) |
| Net loss attributable to noncontrolling  interest         | - | 8,856(B) | 8,856 |
| Net loss attributable to Amanasu Environment  Corporation | (271,533) | 10,000 | (261,533) |
| Other comprehensive income                                | 20,957 | (14,725)(E) | 6,232 |
|                                                      | $(250,576) | $ (4,725) | $(255,301) |

Statement of Operations

January 1, 2009 (Date of Commencement of DevelopmentStage) to December 31, 2009.

This statement was erroneously omitted from the original filing. It has now been included.

 
| Statement of Operations                                   |
|-----------------------------------------------------------|
| Year Ended December 31, 2008                              |
|                                                      |   |   |   |
|                                                      | Previously |   |   |
|                                                      | Reported | Adjustments | As Restated |
| Sales                                                     | $225,697 | $(225,697)(F) | $- |
| Cost of goods sold                                        | (191,766) | 191,766(F) | - |
| Gross profit                                              | 33,931 | (33,931)(F) | - |
| Expenses                                                  | (675,755) | 65,641(F) | (610,114) |
| Operating loss                                            | (787,812) | 31,710 | (756,102) |
| Interest income                                           | 28,682 | (11)(F) | 28,671 |
| Miscellaneous revenue                                     | 4,502 | (3,187)(F) | 1,315 |
| Interest expense                                          | (2,371) | 2,371(F) | - |
| Total other income                                        | 130,322 | (827) | 129,495 |
| Net loss before minority interest                         | (657,490) | 30,883(F) | (626,607) |
| Loss from discontinued operations                         | - | (30,883)(F) | (30,883) |
| Minority interest in net loss                             | 28,874 | (28,874)(B) | - |
| Net loss                                                  | (628,616) | (28,874) | (657,490) |
| Net loss attributable to noncontrolling  interest         | - | 28,874(B) | 28,874 |
| Net loss attributable to Amanasu Environment  Corporation | (628,616) | - | (628,616) |
| Other comprehensive income                                | 30,824 | (2,802)(E) | 28,022 |
| Total comprehensive income                                | $597,792 | $(2,802) | $(600,594) |

 

 
| Changes in Stockholders' Equity |
|---------------------------------|
| Year Ended December 31, 2008    |
|                            |   |   |   |
|                            | Previously |   |   |
|                            | Reported | Adjustments | As Restated |
| Accumulated Deficit:            |  |  |  |
| Opening balance                 | $(3,298,967) | $48,461(D) | $(3,250,506) |
| Ending balance                  | $(3,927,583) | $(48,461) | $(3,879,122) |

 
| Changes in Stockholders' Equity   |
|-----------------------------------|
| Year Ended December 31, 2008      |
|                              |   |   |   |
|                              | Previously |   |   |
|                              | Reported | Adjustments | As Restated |
| Comprehensive Income:             |  |  |  |
| Opening balance                   | $53,427 | $(53,318)(E) | $109 |
| Provision of 2008                 | 30,824 | (2,802)(E) | 28,022 |
| Transfer upon sale of  subsidiary | (29,701) | 2,700(B) | (27,001) |
| Error in addition                 | 29,700 | (29,700) |  |
| Ending balance                    | $84,250 | $(83,120) | $1,130 |

 
| Changes in Stockholders' Equity |
|---------------------------------|
| Year Ended December 31, 2009    |
|                            |   |   |   |
|                            | Previously |   |   |
|                            | Reported | Adjustments | As Restated |
| Additional Paid in Capital:     |  |  |  |
| Opening balance                 | $4,634,223 | $- | $4,634,223 |
| Provision of 2009               | $73,260 | $13,831(C) | $59,429 |
| Ending balance                  | $(4,707,483) | $(13,831) | $4,693,652 |

 
| Changes in Stockholders' Equity |
|---------------------------------|
| Year Ended December 31, 2009    |
|                            |   |   |   |
|                            | Previously |   |   |
|                            | Reported | Adjustments | As Restated |
| Accumulated Deficit:            |  |  |  |
| Opening balance                 | $(3,927,583) | $48,461 | $(3,879,122) |
| Net loss for period             | (271,533) | 10,000(A) | (261,533) |
| Error in addition               | (29,000) | 29,000 | - |
| Ending balance                  | $(4,228,116) | $87,461 | $(4,140,655) |
|                            |  |  |  |

 
| Changes in Stockholders' Equity |
|---------------------------------|
| Year Ended December 31, 2009    |
|                            |   |   |   |
|                            | Previously |   |   |
|                            | Reported | Adjustments | As Restated |
| Other Comprehensive Income:     |  |  |  |
| Opening balance                 | $84,250 | $(83,120)(E) | $1,130 |
| Gain for the period             | 20,957 | (14,725)(E) | 6,232 |
| Transfer on sale of  subsidiary | - | (7,710)(B) | (7,710) |
| Correction of addition error    | (29,700) | 29,700 | - |
| Ending balance                  | $75,507 | $(75,855) | $(348) |
|                                 |  |  |  |

 
| Changes in Stockholders' Equity                                                            |
|--------------------------------------------------------------------------------------------|
| Years Ended December 31, 2009 and 2008                                                     |
| Noncontrolling  interest                                                                   |
| This statement was erroneously omitted from the original filing. It has now been included. |

 
| Statement of Cash Flows                  |
|------------------------------------------|
| Year Ended December 31, 2009             |
|                                     |   |   |   |
|                                     | Previously |   |   |
|                                     | Reported | Adjustments | As Restated |
| Net loss                                 | $(271,533) | $ 1,144 | $(270,389) |
| Profit on sale of subsidiary             | (8,856) | 8,856 | - |
| Decrease (increase) in prepaid expense   | 5,568 | (7,668) | (2,100) |
| Increase in other payables               | 4,772 | (4,772) | - |
| Increase in taxes payable                | 3,957 | 1 | 3,958 |
| Increase in accounts payable             | - | 5,443 | 5,443 |
| Increase in accrued expenses             | 16,469 | (2,061) | 14,408 |
| Increase in deposits                     | 671 | (671) | - |
| Cash consumed by operating activities    | (161,146) | 272 | (160,874) |
| Cash transferred on sale of subsidiary   | - | (270) | (270) |
| Net cash provided by investor activities | 160,000 | (270) | 159,730 |
| Exchange rate effect on cash             | - | (2) | (2) |
| Net change in cash balance               | $884 | $- | $884 |

 
| Statement of Cash Flows                   |
|-------------------------------------------|
| Year Ended December 31, 2008              |
|                                      |   |   |   |
|                                      | Previously |   |   |
|                                      | Reported | Adjustments | As Restated |
| Net loss                                  | $(628,616) | $(28,874)(H) | $(657,490) |
| Minority interest in losses               | (28,874) | 28,874(H) | - |
| Net cash consumed by operating activities | $(289,074) | $58,461 | $289,074 |

 
| Statement of Cash Flows                                                                    |
|--------------------------------------------------------------------------------------------|
| January 1, 2009 (Date of Commencement of Development Stage) To December  31, 2009          |
|                                                                                       |
| This statement was erroneously omitted from the original filing. It has now been included. |

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#### 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash

Concentrations of Credit Risk

Fixed Assets

Income Taxes

Recognition Of Revenue

Use Of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated.

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2009					

#### 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(CONT'D)

Foreign Currency Translation

Substantial Company assets are located in Japan. These assets and related liabilities are recorded on the books of the Company in the currency of Japan (Yen), which is the functional currency. They are translated into US dollars as follows:

   a. Assets and liabilities at the rates of exchange in effect at balance sheet dates;   b. Equity accounts at the exchange rates prevailing at the time of the transactions that established the equity accounts; and   c. Revenues and expenses, at the average rates of exchange for each reporting period.

Other Comprehensive Income

The Company reports as other comprehensive income revenues, expenses, and gains and losses that are not included in the determination of net income. Principal among these has been unrealized gains and losses from exchange rate fluxuation.

Advertising Costs

The Company will expense advertising costs when an advertisement occurs. There were no expenditures for advertising  during  either of the periods reported.

Segment Reporting

Management treats the operations of the Company as one segment.

Fair Value of Financial Instruments

The carrying amounts of the Company's financial instruments, which include cash and certificates of deposit, approximate their fair values at December 31, 2009.

Net Income (Loss) Per Share

The Company computes net income (loss) per common share in accordance with pronouncements of the Financial Accounting Standards Board (FASB) and SEC Staff Accounting Bulletin No. 98 ("SAB 98"). Under these pronouncements, basic and diluted net income (loss) per common share are computed by dividing the net income (loss) available to common shareholders for each period by the weighted average number of shares of common stock outstanding during the period. Accordingly, the number of weighted average shares outstanding as well as the amount of net income (loss) per share are presented for basic and diluted per share calculations for all periods reflected in the accompanying consolidated financial statements.

Recent Accounting Pronouncements

#### SUBSEQUENT EVENTS

In May 2009, the FASB issued a pronouncement which established general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued.  The Company included the requirements of this guidance in the preparation of the accompanying consolidated financial statements, and concluded its review on the date of issuance of these financial statements.

The Company does not anticipate the adoption of other recently issued accounting pronouncement will have a significant effect on the Company's results of operations, financial position or cash flows.

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### 						AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2009					

#### 4. RELATED PARTY TRANSACTIONS

The Company president made an advance to Holdings during 2009 of $867.  This advance is due on demand and does not bear interest.  A corporation controlled by the Company president (Affiliate) made advances to the Company in 2007, 2008 and 2009 that totaled $6,614.  Part of the proceeds of the sale of Shinwa (see Note 1) was the right to collect a $43,365 advance that had been made to Affiliate by Shinwa. Thus, at December 31, 2009, Affiliate was indebted to the Company for $35,884. These advances is due on demand and do not bear interest.

Affiliate also made advances to Water of $6,638 during 2007 and $17,702 during 2008. Thus, $24,341 was owed to Affiliate by Water at the date of the sale of Water; these obligations were eliminated by the sale of Water. These advances were due on demand and did not bear interest.

The Company shares office space in Vancouver, New York, and Tokyo with a company that is controlled by the Company president. This arrangement is on a month to month basis. Until 2006, the two companies shared the cost of operating these offices. There has been no cost sharing since 2006, as the other company is largely inactive.

The president of Shinwa and two of his sons received advances from Shinwa totaling $44,504. These advances did not bear interest and were being repaid by monthly installments of $1,259. These advances were eliminated with the sales of the equity interests of Shinwa.

#### 5. INCOME TAXES

The Company has experienced losses since inception. As a result, it has incurred no Federal income tax. The Internal Revenue Code allows net operating losses (NOL's) to be carried forward and applied against future profits for a period of twenty years.  The Japanese Tax Code permits such carryforwards for a period of seven years.  The total of these NOL's at December 31, 2009 was $1,385,694 in Japan and $2,453,216 in the U.S. The potential benefit of these NOL's has been recognized on the books of the Company, but it has been offset by valuation allowances.

Under provisions of the pronouncements of the FASB, recognition of deferred tax assets is permitted unless it is more likely than not that the assets will not be realized. The Company has recorded noncurrent deferred tax assets as presented below. These deferred tax assets increased during 2009 by $25,946 in the U.S., and by $29,224 in Japan, the result of adding the potential benefit of 2009 losses. 
|                | U.S. | JAPAN   |
|---------------------|------|---------|
| Deferred Tax Assets | $    | 433,566 | $ | 415,708 |
| Valuation Allowance |      | 433,566 |  | 415,708 |
| Balance Recognized  | $    | -       | $ | - |

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#### 5. INCOME TAXES (CONT'D)

If not used, these carryforwards will expire as follows:
|      | U.S.   | JAPAN           |
|------|--------|-----------------|
| 2012 | $      | -               | $ | 302,911 |
| 2013 | $      | -               | $ | 454,366 |
| 2014 | $      | -               | $ | 240,805 |
| 2015 | $      | -               | $ | 290,197 |
| 2016 | $      | -               | $ | 97,415 |
| 2017 |   | -               |   | - |
| 2018 |   | -               |   | - |
| 2019 |   | 2,703

    |   | - |
| 2020 |   | 51,086

   |   | - |
| 2021 |   | 224,737         |   | - |
| 2022 |   | 73,550

   |   | - |
| 2023 |   | 110,126

  |   | - |
| 2024 |   | 107,443         |   | - |
| 2025 |   | 598,417         |   | - |
| 2026 |   | 332,988

  |   | - |
| 2027 |   | 553,371

  |   | - |
| 2028 |   | 363,595         |   | - |
| 2029 |   | 135,200         |   | - |

#### 6. RENTALS UNDER OPERATING LEASES

The Company  conducts its operations from leased office facilities in Vancouver,   British  Columbia, New York City, and Tokyo, under month to month arrangements.   During  2009 and 2008, the Company incurred rent expense of $34,944 and $38,731,  respectively.

#### 7. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

Cash  payments were made for interest during 2008 of $2,371. There was no cash   paid  for income taxes during those years, and there was no cash paid for   interest  during 2009.  Except for the sale of  Water (see Note 4) there were no non-cash financing or investing   activity  during these years.

#### 8. SUBSEQUENT EVENTS

During  the first quarter of 2010 $36,760 was paid to relocate the Tokyo office.

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## Item 9. Changes inand Disagreements With Accountants on Accounting and FinancialDisclosure

None.

## Item 9A.Controls and Procedures

						As of the end of the period covered by this Annual Report on Form10-K, an evaluation was performed under the						supervision and with the participation of our management,including the Chief Executive Officer and Chief						Financial Officer, of the effectiveness of the design andoperation of our disclosure controls and procedures						(as defined in Rules 13a-15 and 15d-15 of the Securities ExchangeAct of 1934 ("Exchange Act").  For purposes						of the foregoing, the term disclosure controls and proceduresmeans controls and other procedures of an issuer						that are designed to ensure that information required to bedisclosed by the issuer in the reports that it files						or submits under the Exchange Act is recorded, processed,summarized and reported, within the time periods						specified in the rules and forms of the Securities and ExchangeCommission ("SEC").  Disclosure controls and						procedures include, without limitation, controls and proceduresdesigned to ensure that information required						to be disclosed by an issuer in the reports that it files orsubmits under the Exchange Act is accumulated and						communicated to the issuer's management, including its principalexecutive and principal financial officer,						or persons performing similar functions, and is appropriate toallow timely decisions regarding required disclosure.						Based on that evaluation, the Chief Executive Officer and ChiefFinancial Officer have concluded that these disclosure						controls and procedures are effective.					

### Changes in Internal Control over Financial Reporting

						There were no changes in our internal control over financialreporting (as such term is defined in Rules 13a-15(f) and 15d-15(f)						of the Exchange Act) during the most recent fiscal quarter thathave materially affected, or are reasonably likely to materially						affect, our internal control over financial reporting.					

### Management's Annual Report on Internal Control over FinancialReporting

						Management is responsible for establishing and maintainingadequate internal control over financial reporting,						as such term is defined in Rule 13a-15 under the Exchange Act, asamended.  As of December 31, 2009, under the						supervision and with the participation of management, includingthe Company's Chief Executive Officer and Chief						Financial Officer, an evaluation was conducted of theeffectiveness of the Company's internal control over						financial reporting based on the framework in Internal Control -Integrated Framework issued by the Committee						of Sponsoring Organizations of the Treadway Commission (COSO).Based on that evaluation, management of the						Company, including the chief executive officer and the chieffinancial officer, concluded that the Company's						internal control over financial reporting was effective as ofDecember 31, 2009.					

						Because of its inherent limitations, a system of internal controlover financial reporting can provide only						reasonable assurance and may not prevent or detect misstatements. Also, projections of any evaluation of						effectiveness to future periods are subject to the risk thatcontrols may become inadequate because of changes						in conditions, or that the degree of compliance with the policiesor procedures may deteriorate.					

						This Annual Report does not include an attestation report of theCompany's registered public accounting firm						regarding internal controls over financial reporting.Management's Report was not subject to attestation by						the Company's public accounting firm pursuant to temporary rulesof the SEC that permit the Company to provide						only Management's Report in this Annual Report.					

## Item 9A (T). Controls andProcedures

Not Applicable.

## Item 9B. Other Information

Not Applicable.

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# Part III

## Item 10. Directors,Executive Officers and Corporate Governance

                    The directors and executive officers of the Company, their ages, and the positions                    they hold are set forth below. The directors of theCompany hold office until                    the next annual meeting of stockholders of theCompany and until their                    successors in office are elected and qualified. Allofficers serve at the                    discretion of the Board of Directors.                
| Name         | Age | Since | Position                               |
|--------------|-----|-------|----------------------------------------|
| Atsushi Maki | 62  | 1999  | Chairman& Chief Executive Officert |
| Lina Lei     | 49  | 1999  | Secretary                              |

                    Atsushi Maki has been                    the President, Chief Financial Officer, Chairman and Director of the Company                    since November 10, 1999. During the past ten years,Mr. Maki has been an                    independent businessman involved mainly in realestate development projects in                    Japan. In 1995, he served as a Director of theJapan-Korea Cooperation Committee                    along with the former Prime Minister of Japan whoacted as the Chairman of the                    committee. In 1999, he was responsible forestablishing the Japan-China                    Association, a foundation for fostering betterrelations between the two                    nations. He served as a director of the association, along with the Chairman of                    Sony Corporation and the Honorary Chairman of Toyota Motor Corporation.                

                    Lina Lei has been                    the Secretary of the Company since November 10,1999. Ms. Lei was appointed a                    director in November 1999 and resigned from theboard on August 21, 2002. From                    May 1990 to November 1999, Ms. Lei was employed byThunder Company Ltd, Tokyo,                    Japan, in various capacities including as itsmanaging director. Ms. Lei                    completed her university studies in Shanghai, Chinain 1982, and obtained a                    master's degree from Hitotsubashi University inTokyo in 1990. During the past                    five years, Ms. Lei's work involvement has beenlimited to activities of the                    Company and that of Amanasu TechnologiesCorporation.                

                    Takashi Yamaguchi was a Director of the Companybetween October 1, 2001 and May 26,                    2004. From 1999 to June 2001, he was president ofDaiichi Building Corporation,                    a construction company located in Tokyo, Japan, andform June 2001 to June 2002,                    he acted as a consultant for the same company. FromJune 2002 to the present,                    Mr. Yamaguchi has provided managerial consultingservices to a variety of                    companies located in Japan, and he is an individualadviser of the Company at                    present.        		

## Item 11.Executive Compensation

						The compensation for all directors and officers individually forservices rendered to the						Company for the fiscal years ended December 31,2009, 2008, 2007,and 2006 respectively:					
|                              | Annual Compensation |
|-----------------------------------|---------------------|
||
| Atsushi Maki(Chairman, President) | 2009                | -0- | -0- | -0- |
|                              | 2008                | -0- | -0- | -0- |
|                              | 2007                | -0- | -0- | -0- |
|                              | 2006                | -0- | -0- | -0- |
|                              |                |   |   |   |
| Lina Lei(Secretary, Treasurer)    | 2009                | -0- | -0- | -0- |
|                              | 2008                | -0- | -0- | -0- |
|                              | 2007                | -0- | -0- | -0- |
|                              | 2006                | -0- | -0- | 20,000 |

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						(2). Ms. Lei received salary compensation in the form of 312,500shares of common stock of the Company						for the period from November 1999 through fiscal 2001. The shareswere valued at $0.01 per share. Of the						total amount of shares, 24,100 shares were allocated for fiscal1999, with the balance allocated equally						between 2000 and 2001. In 2003, Ms. Lei received $10,000 inexchange for consulting services performed for the Company.			

						The officers of the Company are not full time employees.Presently, the Company does not have a formal						conflicts of interest policy governing its officers and directors. In addition, the Company does not have						written employment agreements with its officers. Its officersintend to devote sufficient business time						and attention to the affairs of the Company to develop theCompany's business in a prudent and business-like						manner. However, the principal officer is engaged in otherbusinesses related and unrelated to the business						of the Company, and in the future, will engage in other businessventures. A future arrangement will be						subject to the approval of the Company's board of directors.Except for the arrangement with Ms. Lei,						the Company and its officers have agreed that the officers of theCompany will not receive any other						compensation until such time as the Company reaches profitabilityfor a full fiscal quarter. The terms						of any such employment arrangement have not been determined atthis time. Other than as indicated above,						the Company did not have any other form of compensation payable to its officers or directors, including						any stock option plans, stock appreciation rights, or long termincentive plan awards for the periods during the above fiscal years.					

						The Company's directors received no fees for their services insuch capacity; however, they will be reimbursed						for expenses incurred by them in connection with the Company'sbusiness.					

## Item 12. Security Ownership of Certain benficial Owners and Management and Related Stockholder Matters

					  The following table will identify, as of March 15, 2006, thenumber and percentage of outstanding shares of						common stock of the Company owned by (i) each person known to theCompany who owns more than five percent of						the outstanding common stock, (ii) each officer and director, and(iii) and officers and directors of the						Company as a group. The following information is based upon44,000,816 shares of common stock of the Company				  which are issued and outstanding as of March 15, 2006. The address for each individual below is 445 Park Avenue Center 10th Floor NewYork, NY 10022, the address of the Company. 
| Title of Security | Name and Address of Beneficial Owner                                         | Amount and Nature of Beneficial Ownership (1) | Percent of Class |
|-------------------|------------------------------------------------------------------------------|-----------------------------------------------|------------------|
| Common Stock      | Amanasu Corporation (2) #902 Ark Towers 1-3-40 RoppongiMinato-ku Tokyo Japan | 33,000,000                                    | 72.6%            |
| Common Stock      | Atsushi Maki (3) (4)                                                         | 35,858,500                                    | 78.80%           |
| Common Stock      | Lina Lei (4)                                                                 | 35,858,500                                    | 78.80%           |
| Common Stock      | Officers and Directors, as a group (2 persons)                               | 35,858,500                                    | 78.80%           |

						(1). "Beneficial ownership" means having or sharing, directly orindirectly (i) voting power, which includes the						power to vote or to direct the voting, or (ii) investment power,which includes the power to dispose or to direct						the disposition, of shares of the common stock of an issuer. Thedefinition of beneficial ownership includes						shares underlying options or warrants to purchase common stock, or other securities convertible into common						stock, that currently are exercisable or convertible or that willbecome exercisable or convertible within						60 days. Unless otherwise indicated, the beneficial owner has sole voting and investment power.					

						(2). Mr. Atsushi Maki, the Company's Chairman and President, isthe sole shareholder of Amanasu Corporation						and is deemed the beneficial owner of such shares.					

						(3). Includes 1,496,000 shares of common stock held individuallyby Mr. Maki, 1,000,000 shares of common						stock deposited with a third party (see "Item 12 "CertainRelationships and Related Transactions"), 33,000,000						shares of common stock held by Amanasu Corporation, and 362,500shares of common stock held by						Lina Lei. Mr. Maki disclaims beneficial ownership of the sharesheld by Lina Lei.					

						(4). Includes 362,500 shares of common stock held individually byMs. Lei, and 35,490,000 shares of						common stock beneficially owned by Atsushi Maki. Ms. Lei disclaims beneficial ownership						of the shares held by Atsushi Maki.					

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## Item 13. CertainRelationships and Related Transactions, and Director Independence

							On December 15, 1999, the Company entered into an agreement withAmanasu Corporation, a Japanese corporation,							under which Amanasu Corporation agreed to arrange a granting of a license to the Amanasu Furnace, to the Company.							In exchange for obtaining the license to the Technology, theCompany agreed to issue Amanasu Corporation 13,000,000							shares of its common stock and stock purchase options to acquireanother 20,000,000 shares of common stock at a							price per share of $0.01. In addition under the terms of theagreement, the Company agreed to issue 1,000,000							shares of common stock to the inventor of the technology, and200,000 shares of common stock to the executive							director of the inventor's Company. In May 2001, AmanasuCorporation exercised its option to acquire 20,000,000							shares of common stock of the Company and paid the sum of$200,000 to the Company. Mr. Atsushi Maki, the							Company's Chairman and President, is the sole shareholder ofAmanasu Corporation.						

							Mr. Maki received salary compensation in the form of 3,200,000shares of common stock of the Company for the							period from November 1999 through fiscal 2001. The shares werevalued at $0.01 per share or a total of $32,000.							Ms. Lei received salary compensation in the form of 312,500shares of common stock of the Company for the period							from November 1999 through fiscal 2001. The shares were valued at $0.01 per share or a total of $3,125.						

							On June 8, 2000, the Company entered into an exclusive licensingagreement with the inventor of the							Amanasu Furnace. Under the licensing agreement, the Companyobtained the worldwide production and marketing							rights of the Technology for 30 years, and the Company isrequired to pay the inventor a royalty of 2% on							gross sales of the Technology.						

							Effective September 30, 2002, the Company entered into a licenseagreement with Sanyo Kogyo Kabushiki Gaisha							and Ever Green Planet Corporation, both Japanese companies,whereby the Company received the worldwide,							exclusive license for a term of 30 years for the production andmarketing of a hot water boiler, which							incinerates waste tires in a safe and non-polluting manner andextracts heat energy from the incineration							process. As consideration for this acquisition, the Company paidthe licensors $250,000, of which the							Company's President paid $95,000, issued to them 600,000 sharesof common stock, and issued to an affiliate							of the licensors 50,000 shares of common stock. The $95,000 paidby the Company's President is a contribution							of capital to the Company. The licensors are entitled to receive a two percent royalty on the gross receipts							from the sale of the products related to the technology.						

							On June 30, 2003, the Company acquired the exclusive worldwiderights to produce and market a patented							process that purifies seawater, and removes hazardous pollutantsfrom wastewater. The term of the license							is 30 years from the date of the agreement. As consideration forobtaining the license, the Company issued							1,000,000 shares to Etsuro Sakagami, the licensor, and 50,000shares to a finder. The licensor is entitled							to receive a two percent royalty on the gross receipts from thesale of the products related to the technology.						

							On May 14, 2003, the Company entered into a Stock PurchaseAgreement to acquire from Jipangu Inc. ("Jipangu"),							a private, unaffiliated Japanese company, 10,000,000 shares ofKyoei Reiki Industrial Corporation Ltd ("Kyoei"),							a publicly traded company in Tokyo, Japan. The purchase price for the shares is $4,993,000. The agreement							called for the payment of 20% of the purchase price on May 31,2003, and the balance was due on June 25,							2003. On or about May 31, 2003, Atsushi Maki, the Company'sPresident and controlling shareholder, deposited							with Jipangu 1,000,000 shares of common stock of the Companyowned by Mr. Maki. However, the Stock Purchase							Agreement with Jipangu stated that if Kyoei becomes bankrupt oris under receivership for bankruptcy before							the remaining amount (80%) is due, Jipangu waives the right tocollect the final amount. On June 25, 2003,							Kyoei was placed under receivership with Tokyo District Court.The Company believes that it is not required							to pay Jipangu the remaining amount due under the Stock PurchaseAgreement. The deposit of common stock made							to Jipangu by Mr. Maki was made on behalf of the Company. OnDecember 10, 2003, the Company transferred its							rights under the agreement with Jipangu to Mr. Maki, and Mr. Maki has released and indemnified the Company							from any obligation under the Jipangu agreement.						

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## Item 14. PrincipalAccounting Fees and Services

      - Audit Fees during 2009 and 2008 were $25,000.00 and $25,000.00						    respectively.
      - Audit Related Fees during 2009 and 2008 were $6,930.00 and					  $7,020.00 respectively.
      - Caption Tax Fees during 2009 and 2008 were $690.00 and $675.00						  respectively.
      - All Other Fees during 2009 and 2008 were $-0- and $-0-					  respectively.
      - N/A  							(i) Disclose the audit committee's pre-approval policies andprocedures described in paragraph (c)(7)(i) of Rule 2-01 of RegulationS-X. (ii) Disclose the percentage of services described in each of Items 9(e)(2) through 9(e)(4) of Schedule 14A that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
      - Not greater than 50% for 2009 and 2008.  						  If greater than 50 percent, disclose the percentage of hours expended on						  the principal accountant's engagement to audit the registrant's						  financial statements for the most recent fiscal year that were						  attributed to work performed by persons other than the principal					  accountant's full-time, permanent employees.

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# Part IV

## Item 15. Exhibits FinancialStatement Schedules

      - 							Financial Statements and Schedules  							The financial statements are set forth under Item 8 of thisAnnual Report on Form 10-K. Financial statement schedules have beenomitted							since they are either not required, not applicable, or theinformation is otherwise included.						
      - Exhibit Listing							         - 									3(i)(a)	Articles of Incorporation of the Company (Incorporatedby reference to the Company's Form 10-SB filed on June 20, 2001).  3(i)(b)	Certificate of Amendment to Articles ofIncorporation(Incorporated by reference to the Company's Form 10-SBfiled on June 20, 2001).  3(i)(c)	Certificate of Amendment to Articles of Incorporation(Incorporated by reference to the Company's Form 10-KSB filed on March31, 2003).  3(ii)(a)	Amended and Restated By - Laws of the Company (Incorporated byreference to the Company's Form 10-SB filed on June 20, 2001).  10(i)	Agreement between Family Corporation and the Company datedDecember 15, 1999. (Incorporated by reference to the Company's Form10-SB filed on June 20, 2001).  10(ii)	License agreement between the Company and Masaichi Kikuchi datedJune 8, 2000. (Incorporated by reference to the Company's Form 10-SBfiled on June 20,2001).  10(iii)	Technical Consulting Agreement the Company and Masaichi Kikuchidated June 9, 2001. (Incorporated by reference to the Company's Form10-SB filed on June 20, 2001).  10(iv)	Amendment No. 1 to Licensing Agreement dated July 30, 2001,however, effective June 8, 2000 by and between the Company and MasaichiKikuchi. (Incorporated by reference to the Company's Form 10-SB/A filedon August 9, 2001).  10(v)	License Agreement made as of September 30, 2002 by and between the Company and Sanyo Kogyo Kabushiki Gaisha and Ever Green PlanetCorporation. (Incorporated by reference to the Company's Form 10-KSBfiled on March 31, 2003).  10(vi)	Addendum to License Agreement made as of September 30, 2002 byand between the Company and Sanyo Kogyo Kabushiki Gaisha and Ever GreenPlanet Corporation. (Incorporated by reference to the Company's Form10-KSB filed on March 31, 2003).  10(vii)	Stock Purchase Agreement dated May 14, 2003 by and between theCompany and Jipangu, Inc.  10(viii)	Desalination License Agreement made as of May 30, 2003 by andbetween the Company Etsuro Sakagami. (Incorporated by reference to theCompany's Form 10-QSB filed on August 13, 2003).  31 Certification under Section 906 of the Sarbanes-Oxley Act.  32 Certification under Section 906 of the Sarbanes-Oxley Act. 

## Signatures

					In accordance with Section 13 or 15(d) of the Securities ExchangeAct of 1934,					the registrant has duly caused this report to be signed on itsbehalf by the undersigned, thereunto duly authorized.				

					Amanasu Environment Corporation				

/s/ Atsushi Maki					June 25, 2010					Chairman & Chief Executive Officer                    Chief Financial Officer                    

					In accordance with the Exchange Act, this report has been signedbelow					by the following persons on behalf of the registrant and in thecapacities					and on the dates indicated.				

/s/ Atsushi Maki

					June 25, 2010					Director			  

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