UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                    FORM 10-Q

(Mark One)

  XX         QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES AND EXCHANGE ACT OF 1934
             For the quarterly period ended June 30, 2000
                                       OR
             TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES AND EXCHANGE ACT OF 1934

                         Commission File Number 0-22291


                     COMMODORE SEPARATION TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)


   SDELAWARE                                          11-3299195
 (State or other jurisdiction of        (I.R.S. Employer Identification
 incorporation or organization)         Number)


                     150 East 58th Street, Suite 3238 10155
                          New York, New York (Zip Code)
                    (Address of Principal Executive Offices)


        Registrant's telephone number, including area code (212) 308-5800



         Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or such shorter
period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

YES     X        NO


Number of shares of common stock outstanding at July 25, 2000
(latest practicable date):

 Issued and Outstanding: 11,583,575

<PAGE>
                      COMMODORE SEPARATION TECHNOLOGIES,INC

                                    FORM 10-Q


                                      INDEX


                                                                        PAGE



PART I.        FINANCIAL INFORMATION


Item 1.        Financial Statements (Unaudited)

               Condensed Balance Sheets -
               June 30, 2000 and December 31, 1999...................    4


               Condensed Statement of Operations -
               Three and six months ended June 30, 2000 and 1999.....    5

               Condensed Statement of Cash Flows -
               Six months ended June 30, 2000 and
               June 30, 1999.........................................    6


               Notes to Condensed Financial Statements...............    7


Item 2.       Management's Discussion and Analysis of Financial
              Condition and Results of Operations....................    8


PART II.      OTHER INFORMATION .....................................   12


              SIGNATURES ............................................   13


<PAGE>

                       PART I - FINANCIAL INFORMATION

ITEM 1:  Financial Statements


                     COMMODORE SEPARATION TECHNOLOGIES, INC.

                            CONDENSED BALANCE SHEETS

                  (Dollars in Thousands, Except Per Share Data)


<TABLE>
<CAPTION>
                                                      June 30,     December 31,
                                                        2000          1999
                                                     -------        -------
                                                           (unaudited)
ASSETS

<S>                                                  <C>            <C>
Cash and cash equivalents                            $     2        $    16
Restricted cash                                          220            220
Accounts receivable, net                                  59             10
Inventory, net                                             -            519
                                                     -------        -------

        TOTAL CURRENT ASSETS                             281            765
                                                     -------        -------
Property and equipment ,net                                -            963
Intangible assets, net                                   181            180
                                                     -------        -------
        TOTAL ASSETS                                 $   462        $ 1,908

</TABLE>




                                      3
<PAGE>
                     COMMODORE SEPARATION TECHNOLOGIES INC.

                            CONDENSED BALANCE SHEETS

                  (Dollars in Thousands, Except Per Share Data)
<TABLE>
<CAPTION>
                                                      June 30,     December 31,
                                                        2000          1999
                                                     -------        -------
                                                            (unaudited)

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
<S>                                                    <C>         <C>
  Accounts payable                                     $  320      $   352
  Accrued expenses                                        108           78
  Accrued expenses - contract                             263          263
  Due to related parties                                1,141          896
                                                      -------      -------
        TOTAL CURRENT LIABILITIES                       1,832        1,589
                                                      -------      -------
Accrued dividends                                       1,224          916
                                                      -------      -------
        TOTAL LIABILITIES                               3,056        2,505
                                                      -------      -------
Commitments and contingencies                               -            -

Stockholders' Deficit:
  Preferred stock, Series A, $.001 par
    value, authorized 750,000, issued and
    outstanding 598,000 and 600,000                         1            1
  Preferred stock, Series B, $.001 par
    value, authorized 4,000, issued and
    outstanding 3,570                                       -            -
  Common stock, par value $.01 per share
    authorized 50,000,000 and shares
    issued and outstanding 11,583,575 and
    11,515,575                                             11           11
  Additional paid in capital                           10,496       10,804
  Accumulated (Deficit)                               (13,102)     (11,413)
                                                      -------      -------
        TOTAL STOCKHOLDERS' DEFICIT                    (2,594)        (597)
                                                      -------      -------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT           $   462      $ 1,908
                                                      -------      -------
</TABLE>

                  See notes to condensed financial statements.


                                        4
<PAGE>

                     COMMODORE SEPARATION TECHNOLOGIES, INC.

                       CONDENSED STATEMENTS OF OPERATIONS

                  (Dollars in Thousands, Except Per Share Data)

<TABLE>
<CAPTION>
                                                    Three months ended        Six months ended
                                                        June 30,                 June 30,
                                                    2000         1999          2000        1999
                                                   -------       -------      -------      ------
                                                                     (unaudited)
REVENUES

<S>                                               <C>           <C>          <C>         <C>
  Contract revenues                               $    59       $    20      $    67     $   284

COSTS AND EXPENSES

  Cost of sales                                        54            50           94         369
  Research and development                             46           110          111         200
  General and administrative                          130           218          276         367
  Reserve for inventory obsolesence                   519             -          519           -
  Impairment of long lived assets                     428             -          428           -
  Write off of leasehold improvements                  85             -           85           -
  Depreciation and amortization                       115           129          229         258
  Sales and marketing expense                           9             1           14           5
                                                  -------       -------      -------      ------
                                                    1,386           508        1,756       1,199
                                                  -------       -------      -------      ------
                                                   (1,327)         (488)      (1,689)       (915)

Interest income                                         -             -            -           8
                                                  -------       -------      -------      ------
NET LOSS                                          $(1,327)      $  (488)     $(1,689)     $ (907)
                                                  -------       -------      -------      ------

NET LOSS PER SHARE  (Based on
  weighted average shares of
  11,580,000 and 11,550,000 in
  2000 and 11,516,000in 1999)*                    $  (.11)      $  (.04)     $  (.15)     $ (.08)
                                                  -------       -------      -------      ------


* Common stock equivalents are not included in the net loss per
  share calculation since they are antidilutive.
</TABLE>

                  See notes to condensed financial statements.


                                        5
<PAGE>

                     COMMODORE SEPARATION TECHNOLOGIES, INC.

                       CONDENSED STATEMENTS OF CASH FLOWS

                  (Dollars in Thousands, Except Per Share Data)
<TABLE>
<CAPTION>

                                                                Six months ended
                                                                     June 30,
                                                               2000             1999
                                                               -------         ------
                                                                      (unaudited)
OPERATING ACTIVITIES
<S>                                                            <C>            <C>
  Net (loss)                                                   $ (1,689)      $  (907)
   Adjustments to reconcile net (loss) to net
    cash provided by operating activities:
      Depreciation and amortization                                 229           258
      Write off of leasehold improvements                            85             -
      Reserve for inventory obsolesence                             519             -
      Impairment of long lived assets                               428             -
   Changes in assets and liabilities:
      Accounts payable                                              (32)          265
      Accrued liabilities                                            30           (42)
      Unearned revenue                                                -          (187)
      Inventory                                                       -           181
      Accounts receivable                                           (49)          (21)
      Other assets                                                    -             1
                                                                -------        ------
                NET CASH USED IN OPERATING ACTIVITIES              (479)         (452)
                                                                -------        ------
INVESTING ACTIVITIES
  Sale of equipment                                                 228             -
  Purchase and construction of equipment                              -            (2)
  Acquisition of intangible assets                                   (8)           (8)
                                                                -------        ------
                NET CASH PROVIDED BY (USED IN)
                INVESTING ACTIVITIES                                220           (10)
                                                                -------        ------
FINANCING ACTIVITIES
  Borrowings from stockholder                                       245           264
  Decrease in capital lease obligation                                -            (4)
                                                                -------        ------
                NET CASH PROVIDED BY
                FINANCING ACTIVITIES                                245           260
                                                                -------        ------
DECREASE IN CASH                                                    (14)         (202)

  Cash at beginning of period                                        16           209
                                                                -------        ------
CASH AT END OF PERIOD                                            $    2        $    7
                                                                -------        ------
</TABLE>

                  See notes to condensed financial statements.

                                        6
<PAGE>
                     COMMODORE SEPARATION TECHNOLOGIES, INC.

               NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

                                  June 30, 2000


Note A - Basis of Presentation

The  accompanying   unaudited  condensed  financial   statements  for  Commodore
Separation  Technologies,  Inc. (the "Company") have been prepared in accordance
with generally accepted accounting  principles for interim financial information
and with the  instructions  to Form 10-Q and Article 10 of  Regulation  S-X. The
financial statement  information was derived from unaudited financial statements
unless  indicated  otherwise.  Accordingly,  they  do  not  include  all  of the
information and footnotes required by generally accepted  accounting  principles
for complete financial statements.

In the opinion of management,  all adjustments  (consisting of normal  recurring
accruals)  considered  necessary  for a fair  presentation  have been  included.
Operating  results for the three month and six month periods ended June 30, 2000
are not necessarily  indicative of the results that may be expected for the year
ended December 31, 2000.

The accompanying unaudited condensed consolidated financial statements should be
read in conjunction with the Company's audited financial  statements included in
the Company's 10-K annual report dated December 31, 1999.

On  September  29,  1998,  Commodore  Applied  Technologies,   Inc.  ("Applied")
transferred its 87% ownership in the Company to Commodore Environmental Services
LLC ("LLC"), a wholly-owned subsidiary of Commodore Environmental Services, Inc.
("Environmental")  in connection  with a debt  restructuring  agreement  between
Applied and Environmental.

B - Contingencies

The Company is currently in negotiation  with the bonding company which issued a
performance  bond  for the  Port  of  Baltimore  project.  The  outcome  of this
negotiation cannot be determined at this time.


                                        7
<PAGE>

ITEM 2.  Management's Discussion and Analysis of Financial

Condition and Results of Operation

General

The Company  organized in November  1995,  has since its  inception  developed a
strategic  operating  plan,  hired  personnel to implement its  operating  plan,
engineered and built  commercial  scale  supported  liquid  membrane  processing
units,  conducted on-site  demonstrations for potential  customers and commenced
operations at its first installations.

The Company has developed a limited  operating  history with the commencement of
its first commercial  contracts.  During the period from November 15, 1995 (date
of  inception)  to June  30,  2000,  the  Company  has  incurred  a net  loss of
$13,102,000 and anticipates that it may continue to incur significant losses for
the foreseeable future.  There is no assurance as to whether or when the Company
will generate material revenues or profits.

In April  2000,  the Company was  notified  by Maryland  Environmental  Services
("MES")  requesting the removal of the SLiM equipment from the Port of Baltimore
Dundalk Marine  Terminal and Hawkins Point  facilities.  MES cited the fact that
the Company had removed  Chromium VI as per the  requirements  in the  contract,
however  there  remained  trace  amounts of Chromium III in the  leachate  which
resulted  in the total  chromium  consentrations  to exceed  contract  specified
amounts.  The Company has made several  attempts to remove the trace  amounts of
Chromium III, including the use of alternate technologies, however was unable to
satisfy MES  requirements.  It should be noted that the original  samples tested
from the leachate  solution did not have Chromium III present and therefore this
problem was not foreseen.  As a result,  the Company has withdrawn its equipment
from the Port of Baltimore and  transferred  it, along with its inventory,  to a
storage facility in Albuquerque, New Mexico.

In June 2000, the Company closed its Kennesaw,  Georgia  facility.  As a result,
the Company  transferred  approximately  $228,000 of lab equipment and furniture
and fixtures to Commodore  Environmental  Services,  Inc.  "Environmental",  the
owner of 87% of the  issued  and  oustanding  common  stock of the  Company,  in
exchange for $228,000 of intercompany  indebtedness.  The remainder of equipment
and inventory was transferred to a storage facility in Albuquerque,  New Mexico.
As a result of the closure,  all of the  employees in the Georgia  facility have
found other employment or have been released.

As a  result  of the  closure  of the  Kennesaw  facility  and the  transfer  of
equipment  and  inventory  to a storage  facility,  the Company  has  recorded a
reserve for inventory  obsolesence  of $519,000,  an impairment  reserve on long
lived assets of $428,000 and a write off of leasehold improvements of $85,000 in
the period  ended June 30,  2000.  The  Company  plans to continue to search for
applications for its technology.

                                        8
<PAGE>
Results from Operations


Revenues  were  $59,000 for the three  months  ended June 30,  2000  compared to
$20,000 for the three months  ended June 30,  1999.  Revenues for the six months
ended June 30, 2000 were  $67,000 as  compared  to  $284,000  for the six months
ended June 30, 1999.  Such revenues for 1999 were primarily due to the Company's
commencement  of  operations  at the Port of Baltimore  Hawkins  Point  project.
Revenue  under  such  contract  was  recorded  as  the  contract  has  commenced
operations.  At the  request  of the  customer,  in May 2000,  the  Company  had
withdrawn its equipment from the Port of Baltimore.

For the three months ended June 30,  2000,  the Company had incurred  $54,000 in
cost of sales as compared to $50,000 for the three  months  ended June 30, 1999.
For the six month  period  ended June 30,  2000,  cost of sales were  $94,000 as
compared to $369,000 for the six month period ended June 30, 1999.  1999 cost of
sales relate primarily to the Port of Baltimore  Contracts.  These costs include
labor,  fringes,  subcontractor costs, travel costs, material purchases and cost
of equipment sold to the customer.

For the three  months  ended June 30, 2000,  the Company  incurred  research and
development costs of $46,000, as compared to $110,000 for the three months ended
June 30,  1999.  For the six months ended June 30,  2000,  the Company  incurred
$111,000 as compared to $200,000  for the six month  period ended June 30, 1999.
Research and development costs include salaries,  wages, and other related costs
of personnel engaged in research and development  activities,  contract services
and materials,  test equipment and rent for facilities  involved in research and
development  activities.  Research  and  development  costs  are  expensed  when
incurred,  except those costs related to the design or  construction of an asset
having an economic useful life, which are capitalized, and then depreciated over
the estimated useful life of the asset.  Research and development  decreased for
the three  month and six month  periods  ended June 30,  2000 as compared to the
three and six month  periods  ended June 30, 1999  primarily  due to cutbacks in
order to preserve capital.

General and  administrative  expenses  for the three  months ended June 30, 2000
were  $130,000 as compared to $218,000 for the three month period ended June 30,
1999.  General and  administrative  expenses for the six month period ended June
30, 2000 were $276,000 as compared to $367,000 for the six months ended June 30,
1999. The results are comparable.  General and administrative expenses decreased
for the three month and six month periods ended June 30, 2000 as compared to the
three and six month  periods  ended June 30, 1999  primarily  due to cutbacks in
order to preserve capital.



                                        9
<PAGE>


Depreciation and amortization decreased from $129,000 for the three months ended
June 30, 1999 to $115,000 for the three  months  ended June 30, 2000.  This is a
direct  result of some of the Company's  equipment  being fully  depreciated  in
1999.

In June 2000, the Company closed its Kennesaw,  Georgia  facility.  As a result,
the Company  transferred  approximately  $228,000 of lab equipment and furniture
and fixtures to Commodore  Environmental  Services, Inc. "Commodore" in exchange
for $228,000 of  intercompany  indebtedness.  The  remainder  of  equipment  and
inventory was transferred to a storage facility in Albuquerque, New Mexico. As a
result of the closure,  all of the employees in the Georgia  facility have found
other employment or been released.

As a  result  of the  closure  of the  Kennesaw  facility  and the  transfer  of
equipment  and  inventory  to a storage  facility,  the Company  has  recorded a
reserve for inventory  obsolesence  of $519,000,  an impairment  reserve on long
lived assets of $428,000 and a write off of leasehold improvements of $85,000 in
the period ended June 30, 2000.

The Company had a net loss of $1,689,000 for the six month period ended June 30,
2000 as compared to a net loss of $907,000  for the six month  period ended June
30, 1999. The increase in net loss is  attributable  to the various  revenue and
expense items in the individual paragraphs above.


Liquidity and Capital Resources


The  Company has a working  capital  deficit of  $1,551,000  on June 30, 2000 as
compared to a working  capital deficit of $824,000 at the beginning of the year.
The  decrease  in working  capital  is  primarily  attributable  to the net loss
incurred  during  the six  months  ended  June 30,  2000 less  depreciation  and
amortization  expenses,  the impairment  writedown,  the write down of leasehold
improvements and the transfer of fixed assets as partial payment for outstanding
indebtedness.

The Company  continues to be dependent upon financing  through outside  sources.
There  can be no  assurance  that  such  financing  will  be  available  or,  if
available,  that it will be on terms  satisfactory to the Company.  In the event
such external financing is not available on terms acceptable to the Company, the
Company may be able to obtain interim financing from Environmental. There can be
no  assurances,  however,  that the Company will be able to obtain any financing
from Environmental.





                                       10
<PAGE>


Net Operating Losses


At June 30,  2000,  the  Company  had tax loss  carryforwards  of  approximately
$11,700,000.  The amount of and  ultimate  realization  of benefit  from the net
operating loss for income tax purposes is dependant,  in part, upon the tax laws
in effect,  future earnings of the Company, and other future events, the effects
of which cannot be  determined.  A change in ownership of the Company may reduce
the amount of loss allowable.  These net operating carryforwards begin to expire
in  2011.  A full  valuation  allowance  has  been  established  because  of the
uncertainty  about whether the Company will realize the benefit of net operating
losses.


Forward-Looking Statements


Certain  matters   discussed  in  this  Annual  Report  are  "forward-   looking
statements" intended to qualify for the safe harbors from liability  established
by Section 27A of the Securities Act and Section 21E of the Securities  Exchange
Act of 1934, as amended (the "Exchange Act"). These  forward-looking  statements
can generally be  identified  as such because the context of the statement  will
include words such as the Company "believes,"  "anticipates," "expects" or words
of similar  import.  Similarly,  statements  that describe the Company's  future
plans, objectives or goals are also forward-looking  statements. Such statements
may address  future  events and  conditions  concerning,  among other things the
Company's  results of operations and financial  condition;  the  consummation of
acquisition and financing  transactions  and the effect thereof on the Company's
business;  capital  expenditures;   litigation;   regulatory  matters;  and  the
Company's  plans and objective for future  operations  and  expansion.  Any such
forward- looking statements would be subject to the risks and uncertainties that
could cause actual results of  operations,  financial  condition,  acquisitions,
financing transactions,  operations, expenditures, expansion and other events to
differ  materially  from those  expressed  or  implied  in such  forward-looking
statements. Any such forward- looking statements would be subject to a number of
assumptions  regarding,  among other things,  future  economic,  competitive and
market  conditions  generally.  Such  assumptions  would be  based  on  factsand
conditions  as they  exist  at the  time  such  statements  are  made as well as
predictions as to future facts and conditions,  the accurate prediction of which
may be  difficult  and involve the  assessment  of events  beyond the  Company's
control.  Furthermore,  the  Company's  business is subject to a number of risks
that  would  affect  any  such  forward-looking  statements.   These  risks  and
uncertainties  include,  but are not  limited  to, the ability of the Company to
commercialize its technology;  product demand and industry pricing;  the ability
of the Company to  commercialize  its  technology;  product  demand and industry
pricing; the ability of the Company to obtain patent

                                       11
<PAGE>

protectionfor  its  technology;  developments in  environmental  legislation and
regulation;  the ability of the Company to obtain future  financing on favorable
terms; and other  circumstances  affecting  anticipated revenue and costs. These
risks and  uncertainties  could  cause  actual  results of the Company to differ
materially from those projected or implied by such forward-looking statements.



                           PART II - OTHER INFORMATION

ITEM 1. Legal Proceedings

There have been no material  legal  proceedings  to which the Company is a party
which have not been  disclosed  in  previous  filings  with the  Securities  and
Exchange  Commission.  There are no material  developments to be reported in any
previously reported legal proceeding.

ITEM 6. Exhibits and Reports on From 8-K

Exhibits -

27 - Financial Data Schedule

Reports on Form 8-K - None


                                       12
<PAGE>

SIGNATURES


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




                                        COMMODORE SEPARATION TECHNOLOGIES, INC.
                                        (Registrant)



                                        By  /s/ Andrew P. Oddi
                                        Andrew P. Oddi - Vice President

                                        (As both a duly authorized
                                        Officer of the Registrant
                                        and the Chief Accounting
                                        Officer of the Registrant)




















Date:   August 14, 2000



                                       13