UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  FORM 10-KSB/A
                                 Amendment No.6

Annual Report Under Section 13 or 15 (d) of the Securities Exchange Act of 1934


                  For the fiscal year ended September 30, 2005

                         Commission file number: 0-12809


                      AMERICAN RESOURCE TECHNOLOGIES, INC.
                  --------------------------------------------
                 (Name of small business issuer in its charter)
                (Formerly known as Golden Chief Resources, Inc.)


          State of Kansas                                        48-0846635
          ---------------                                        ----------
(State or other jurisdiction of                                (I.R.S.Employer
 incorporation or organization)                              Identification No.)

             896 N. Mill Street, Suite 203, Lewisville, Texas 75057
             ------------------------------------------------------
               (Address of principal executive offices)(Zip code)

                    Issuer's telephone number: (972) 219-8585


Securities registered under Section 12 (g) of the Exchange Act: Common stock, no
par value

The issuer (1) has filed all reports required to be filed by Section 13 or 15
(d) of the Exchange Act during the past 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.
Yes [X] No [ ]

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form, and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

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


State issuer's revenues for its most recent fiscal year $0.

The aggregate market value of the voting stock held by non-affiliates of the
registrant on September 30, 2005, was $4,321,287. The number of shares
outstanding of the registrant's common stock on April 21, 2008, was 12,996,021
shares.


<PAGE>


PART I

Item 1. Description of Business

(a) Business Development

We were originally incorporated as Arts Antique Autos, Ltd., and changed our
name to Golden Chief Resources, Inc. on August 5, 1981. On April 4, 2007 the
name was changed to American Resource Technologies, Inc. During the early 1980s,
we engaged in oil and gas operating, mining, real estate operations. During the
mid-1980s, we lost our asset and revenue base due to economic conditions, and
liquidated assets and ceased operations in 1986 and we operated briefly again in
1999 - 2002 after a change in control. Accordingly, we remained dormant with no
activity from 1987 - 1999 and again from 2002 until December 2004.

During its fiscal year ended September 30, 2005, we were not involved in any
bankruptcy, receivership, or similar proceeding and underwent no material
reclassification, merger, or consolidation. We do not anticipate involvement or
participation in any of the above proceedings.

(b) Business of Issuer

We are seeking to re-enter the oil and gas industry as a producer, but the
prospect is limited by the availability of sufficient funds to pursue this on a
more active basis. We currently have two employees.

(c) Reports to Security Holders

We do not intend to deliver an annual report to our security holders. The public
may read and copy any materials filed with the SEC, such as this Form 10-KSB and
Form 10-QSB reports. We are an electronic filer under the SEC's EDGAR filing
program. Accordingly, our filings are maintained by the SEC in a database at
www.sec.gov and are available to all security holders.

Item 2. Description of Property

As of September 30, 2005, our assets consisted of only the Montgomery County
Pipeline and the non-producing Lindley, Ownbey and Troyer leases.

Previously, we had oil and gas operations and as such are and will be subject to
federal, state and local laws and regulations and by political developments. The
domestic production and sale of oil and gas are subject to federal regulation by
the Department of Energy and the Federal Energy Regulation Commission. Rates of
production of oil and gas have for many years been subject to federal and state
conservation laws and regulations. In addition, oil and gas operations are
subject to extensive federal and state regulations concerning exploration,
development, production, transportation and pricing, and to interruption or
termination by governmental authorities.

The term "working interest" as used herein means all or a fractional part of the
ownership rights granted by a concession or lease. The working interest, or a
part thereof, pays all costs of operation and is entitled to the gross
production less royalties retained by the grantor or lessor and less other
royalties or non-operating interests created and assigned from the working
interest.

Gas Reserves

Please review the notes attached to the financial statements which are made a
part hereof.


                                       2
<PAGE>


Item 3. Legal Proceedings

As of April 28, 2008 there were no legal proceedings to which we were a party,
and no litigation is known to be pending.

Item 4. Submission of Matters to a Vote of Securities Holders

There have been no matters submitted to a vote of securities holders since
December 17, 2001 at which a special meeting of shareholders was held in Dallas,
Texas at which we agreed to effect a reverse split of our common stock at a 1
for 10 ratio. This action was effective as soon as practical and was effected in
the trading of our shares on January 2, 2002. The meeting also approved the
filing of an S-8 registration statement with the Securities and Exchange
Commission to allow the issuance of shares to consultants, advisors and
attorneys. The S-8 statement was filed on December 21, 2001. The meeting also
approved the change of corporate name to be determined at a later date by
management. See Subsequent Events below.


                                     PART II

Item 5. Market for Common Equity and Related Stockholder Matters

(a) Market Information

Our shares have been trading sporadically, in the Pink Sheet market since late
August of 2003, and based on information available directly from the Pink Sheet
data center, share prices have ranged from an annual low of $0.01 per share to a
high of $0.07 per share in June of this 2005. Our shares are traded under the
symbol ARUR.

Our common stock had previously traded on the over the counter bulletin board
under the symbol ARUR. The stock began trading in the Spring of 2000, and the
following table shows the quarterly trading information for the previous fiscal
year as provided by the National Quotation Bureau.

                              Closing Price
Quarter ended               High          Low
-------------               ----          ---

December 31, 2004          $0.013         $0.01
March 31, 2005             $0.023         $0.02
June 30, 2005              $0.035         $0.03
September 30, 2005         $0.025         $0.016

As of September 30, 2005, certain options have been granted to officers and key
personnel as follows: 4,000 shares at an exercise price of $0.10 per share with
expiration period of December 31, 2005. The preceding numbers of shares have
been adjusted for the 1 for ten reverse split effected December 17, 2001

(b) Holders

As of September 30, 2005, there were approximately 300 stockholders of record of
our common stock. Additional stockholders hold stock in street names; the number
of street name holders is not available to us.

(c) Dividends

We have not declared or paid dividends in the past, and do not anticipate doing
so in the immediate future.

Item 6. Management's Discussion and Analysis or Plan of Operations

In December of 2004 the Company entered into an agreement with International
Royalty and Oil Co. (IROC) of Dallas, Texas in which the Company will acquire
certain oil and gas leases located in Montgomery and Chautauqua Counties in


                                       3

<PAGE>


southeast Kansas in exchange for 1,870,000 shares of the Company's common stock,
subject to various conditions. Additionally the Company also agreed to issue
50,000 shares to acquire the marketing rights for an enhanced downhole
separation device used in the oil and gas industry.

Also in December of 2004 in conjunction with the above transaction with IROC Mr.
Landrum and Mr. Hewitt resigned as officers and members of the board of
directors and were replaced by Mr. Fred Oden and Mr. Hugh Fowler. Mr. Oden
accepted the position of Vice President and Mr. Fowler accepted the position of
Secretary and Mr. McIlvain was appointed as President.

At the end of the previous fiscal year the Company's management determined that
continuing operation of the oil and gas properties was not of economic benefit
to the Company and entered into an agreement with the Company's president
whereby he agreed to accept the liabilities associated with the properties and
receive the properties from the Company. This transaction effectively removed
all producing properties and transferred them to the Company's president along
with the liabilities associated with them.

In order for us to proceed, an input of capital and or assets must occur. We are
actively seeking both.

During the years ended September 30, 2005 and 2004, we had no operations and
incurred operating losses of $219,667 and $23,186 respectively.

During the year ending September 30, 2005, the Company issued:

     o    2,060,000 common shares valued at $284,903 to related parties for the
          purchase of two oil and gas leases and gas system.
     o    320,488 common shares for cash of $179,610.
     o    21,825 common shares for services valued at $21,825.
     o    140,000 shares for consulting fees valued at $70,000.

During the year ending September 30, 2004, the Company issued:

     o    600,000 common shares to the Company's executive vice president to
          reduce the payable to him by $30,000.
     o    10,000 common shares to the Company's previous independent auditor to
          eliminate the payable to him of $16,440.
     o    614,000 shares of common stock for cash of $30,700.

In June 2003 the Company issued 100,000 shares to Jereta Sykes of Wichita,
Kansas for the input of $5,000, which was used to reduce the account payable to
the Company's Executive Vice President.

On December 17, 2001 a special meeting of shareholders was held in Dallas, Texas
at which the Company agreed to effect a reverse split of its common stock at a 1
for 10 ratio. This action was effective as soon as practical and was effected in
the trading of the Company's shares on January 2, 2002. The meeting also
approved the filing of an S-8 registration statement with the Securities and
Exchange Commission to allow the issuance of shares to consultants, advisors and
attorneys. The S-8 statement was filed on December 21, 2001. The meeting also
authorized management to pursue changing the corporate name to more accurately
reflect the Company's current activities and business.

In December 2001 the Company issued common shares pursuant to the S-8 filing to
Steve Owen in the amount of 50,000 shares valued at $175,000; Gene Maloney in
the amount of 20,000 shares valued at $70,000; and 20,000 shares to Aden L.
Vickers valued at $70,000. The shares to Mr. Owen were issued pursuant to his
agreement to provide specific consulting and advisory services in the area of
petroleum engineering, identification of possible asset acquisitions, and
petroleum geology services. The shares to Mr. Maloney were issued pursuant to
his financial consulting agreement with the Company. The shares to Mr. Vickers
were issued as payment for legal fees relative to the filing of the S-8
registration statement.


                                       4
<PAGE>


During the quarter ended March 31, 2002 the Company has issued an additional
182,000 shares pursuant to the S-8 registration statement as follows. Gene
Maloney was issued 38,000 shares (valued at $95,000) pursuant to his consulting
agreement. Steve Owen was issued 120,000 shares (valued at $420,000) pursuant to
his consulting and advisory agreement. William Andrew Stack was issued 40,000
shares (valued at $28,000) pursuant to his agreement to provide certain legal
services to the Company. 44,000 shares (valued at $238,000) were issued to Dr.
Sarvotham Chary who has agreed to provide advisory services in overseas markets.

During the quarter ended June 30, 2002 the Company has issued an additional
180,000 shares (valued at $180,000) pursuant to the S-8 registration statement
to consultants and attorneys pursuant to their agreement to provide certain
legal services to the Company. The Company also issued 16,000 restricted shares
to Vision Publishing for market research services which were valued at $12.000.

In September 2002, the Company issued a total of 300,000 shares to the officers
of the Company in exchange for their agreement to waive and forego any benefit
from their employment agreements and that the Company shall cancel those
agreements including stock option grants. A total of $698,060 had been accrued
as salaries under the respective employment agreements.

Subsequent Events

During the fiscal year ended September 30, 2006 the Company sold 243,240 shares
and received $141,000 in proceeds from these sales. The Company also issued
50,000 shares with a fair market value of $25,000 for furniture and equipment
and 7,600 shares for services of $8,000.

On December 21, 2006 the Company held a special shareholders meeting at which
the shareholders approved a resolution authorizing the Board of Directors to
evaluate the necessity of a reverse stock split and also to implement a reverse
stock split if they determine it to be necessary. The shareholders also ratified
the actions of the officers and directors since the last special shareholders
meeting on December 17, 2001.

For the year ended September 30, 2007, the Company issued 663,456 shares of its
common stock for $91,600. The Company also issued 3,340,090 shares of common
stock for services of $245,667 and 580,845 shares of common stock to reduce
accounts payable of $58,085. The Company reduced the number of shares
outstanding by 133 for fractional shares which resulted from the stock split. As
of September 30, 2007 the Company placed $50,000 in long-term debt with a
maturity of three years bearing interest at ten per cent per annum. These notes
are convertible into 400,000 shares of the Company's stock which collateralizes
the notes. The Company continues to seek these and other sources of financing.

On April 4, 2007 the Company declared a reverse split of its common shares on
the basis of 1 share for each 50 shares owned at the record date. The effects of
this action are reflected in this filing. Also on April 4, 2007 the Company
changed its name to American Resource Technologies, Inc.

On November 1, 2007 the Company's Board of Directors elected to declare a 10%
stock dividend effective for shareholders of record as of November 30, 2007. The
dividend shares have been issued and are in the process of being delivered to
the shareholders. The dividend resulted in the issuance of 1,097,036 new shares.

In October of 2007 the Company sold 160,000 of its common shares for $25,000 to
an investor. The investor received options exercisable at $0.15625 per share for
160,000 shares expiring in October 2008. Additionally an additional 403,500
shares were issued for consulting services. An additional $10,000 in long-term
debt was incurred with the same parameters as the above discussed long-term debt
and the issuance of 80,000 shares as collateral.

In the period subsequent to December 31, 2007 the Company issued 200,000 shares
for consulting services valued at $26,000, and sold 562,500 shares for cash of
$45,000. The purchasers of the 562,500 shares also received one-year options for
the purchase of 281,250 shares at $0.08 per share.


                                       5
<PAGE>


Income Taxes

See Note 6 to the Financial Statements.

Disclosure Regarding Forward-Looking Statements

This Form 10-KSB includes "forward-looking" statements within the meaning of
Section 27A of the Securities Act and the Company desires to take advantage of
the "safe harbor" provisions thereof. Therefore, the Company is including this
statement for the express purpose of availing itself of the protections of such
safe harbor provisions with respect to all of such forward-looking statements.
The forward-looking statements in this Form 10-KSB reflect the Company's current
views with respect to future events and financial performance. These
forward-looking statements are subject to certain risks and uncertainties that
could cause actual results to differ from those anticipated. In the Form 10-KSB,
the words "anticipates", "believes", "expects", "intends", "future" and similar
expressions identify forward-looking statements. The Company undertakes no
obligation to publicly revise these forward-looking statements to reflect events
or circumstances that may arise after the date hereof. All subsequent written
and oral forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by this section.

Item 7. Financial Statements

The financial statement information for the Company is set forth immediately
following the signature page of this Form 10-KSB. See the Index to Financial
Statements on page F-1.

Item 8. Changes in and Disagreements with Accountants on Accounting and
        Financial Disclosure

In August of 2005 the Company dismissed Bateman & Co., Inc., PC of Houston,
Texas as its independent auditor and appointed Malone-Bailey, PC as its
independent auditor. In March of 2005 Clyde Bailey, P.C. resigned as the firm's
independent auditor. Therefore the Company engaged Bateman & Co., Inc. P. C. of
Houston, Texas to perform the audit of the Company's financial statements as of
September 30, 2004. In early 2004 the Company engaged Clyde Bailey, CPA to
perform the audit of the Company's financial statements for the fiscal year
ending September 30, 2002 and 2003. The Company has had no disagreements on
accounting and financial disclosure with its auditor or the previous auditors.
In August of 2006 the Company dismissed Malone-Bailey, PC, of Houston, Texas as
its independent auditor and appointed Turner, Stone, & Company LLP of Dallas,
Texas as its independent auditor. The Company made the change because of the
proximity of Turner, Stone & Company, LLP's location.

Item 8A. Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures.

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in its Exchange Act reports is
recorded, processed, summarized and reported within the time periods specified
in the SEC's rules and forms, and that such information is accumulated and
communicated to its management, including its Chief Executive Officer, to allow
timely decisions regarding required disclosure based closely on the definition
of "disclosure controls and procedures" in Rule 13a-15(e). In designing and
evaluating the disclosure controls and procedures, management recognized that
any controls and procedures, no matter how well designed and operated, can
provide only reasonable assurance of achieving the desired control objectives,
and management necessarily was required to apply its judgment in evaluating the
cost-benefit relationship of possible controls and procedures.


                                       6

<PAGE>


At the end of the period covered by this Annual Report, we carried out an
evaluation, under the supervision and with the participation of our management,
including its Chief Financial Officer, of the effectiveness of the design and
operation of our disclosure controls and procedures. Based upon the foregoing,
our Chief Executive Officer concluded that, as of September 30, 2005, our
disclosure controls and procedures were not effective to ensure that the
information required to be disclosed in the Company's Exchange Act reports was
recorded, processed, summarized and reported on a timely basis.

In connection with the completion of its audit of, and the issuance of its
report on the financial statements of Golden Chief for the year ended September
30, 2005, Malone & Bailey, PC identified deficiencies in our internal controls
related to the failure to record the value of common stock issued for services
disclosure controls relating to such transactions during the interim periods of
2005. The adjustments to these accounts and the footnote disclosure deficiencies
were detected in the audit process and have been appropriately recorded and
disclosed in this Form 10-KSB. We are in the process of improving our internal
controls by training our new bookkeeper in an effort to remediate these
deficiencies. Additional effort is needed to fully remedy these deficiencies and
we are continuing our efforts to improve and strengthen our control processes
and procedures. Our management and directors will continue to work with our
auditors and other outside advisors to ensure that our controls and procedures
are adequate and effective.

Item 8B. Other Information.

None.

                                    PART III

Item 9. Directors, Executive Officers, Promoters and Control Persons

Each of the officers and directors hold office for one year terms. None of the
officers or directors have been involved in any material legal proceedings. The
following are the officers and directors of the Company as of September 30,
2004:

Name                      Age             Position               Director Since
------------              ---       ------------------           --------------

Michael H. McIlvain        61       President and Director             1999
B. Fred Oden, III          52       Vice President and Director        2005
Hugh Fowler                51       Secretary and Director             2005

Management.

Michael H. McIlvain, age 61, Trophy Club, Texas is President and a director of
the Company. Mr. McIlvain holds BS and MBA degrees from the University of
Kansas. He has more than 20 years of experience in the oil and gas business,
mainly with Clinton Oil Co., Wichita, Kansas, and Rickelson Oil and Gas Company,
Tulsa, Oklahoma. Between 1994 and 1997, he was executive vice president of
BeneFund, Inc., a publicly held telecommunications company based in Tulsa.

B. Fred Oden III, age 52, Lewisville, Texas, has been a Vice-President and a
director of the Company since November 15, 2004. He is also President and Chief
Executive Officer of Sabine Operating Services, Inc., Westminster, Texas which
is a Texas and Kansas licensed petroleum operator. Mr. Oden has more than twenty
years experience in the oil and gas industry. A sociology and law enforcement
graduate of Lamar State University, Beaumont, Texas, Mr. Oden is a Texas
certified peace officer.

Hugh W. Fowler, age 51, Richardson, Texas has been a Vice-President and a
director of the Company since November 15, 2004. He is a business administration
graduate of Stephen F. Austin University, Nacogdoches, Texas and since 1977 has
worked in the oil and gas industry, primarily in Southeastern, Kansas.


                                       7
<PAGE>


Item 10. Executive Compensation

In January of 2004 the Company issued 600,000 shares to M. H. McIlvain as
partial payment of sums owed him by the Company.

In September 2002, the Company issued a total of 300,000 shares to the officers
of the Company in exchange for their agreement to waive and forego any benefit
from their employment agreements and that the Company shall cancel those
agreements including stock option grants. A total of $698,060 had been accrued
as salaries under the respective employment agreements.

Item 11. Security Ownership of Certain Beneficial Owners and Management

The following is certain information regarding the Company's common stock as of
September 30, 2000 with respect to (a) security ownership of each person known
by the Company to own beneficially more than 5% of the Company's common stock,
and (b) security ownership of management.

<TABLE>
<CAPTION>

                                      Ownership at September 30, 2005

                       Name and Address          Number of          Percent
  Title of Class      of Beneficial Owner       Shares Owned        of Class                Notes
  --------------      -------------------       ------------        --------                -----

<S>                                                <C>               <C>                    <C>
Common Stock           M. H. McIlvain              746,000           14.32%             See 2 below.
No Par Value           110 Seminole
                       Trophy Club, TX  76262

Common Stock           James W. Landrum            448,290            8.60%             See 1 below.
No Par Value           406 Griffith Avenue
                       Terrell, TX  75160

Common Stock           B. Fred Oden                140,000            2.69%             See 3 below.
No Par Value

Common Stock           Hugh Fowler                     600             .01%
No Par Value           505 Tiffany  Trail
                       Richardson, Texas

Common Stock           Red River Properties,       416,290            7.99%             See 1 below.
No Par Value           Inc.
                       406 Griffith Avenue
                       Terrell, TX  75160

Common Stock           Humboldt Corp.              260,800            5.00%
No Par Value           1711 E. Frankford
                       Carrollton, TX 75006

All directors and officers
as a group (3 persons)                             886,600           16.64%


There are no family relationships between the officers and directors.

     1.   Of Mr. Landrum's shares 416,290 shares are held by Red River
          Properties, Inc. of which he is the President; 8,000 shares held by
          the 4 L-J Trust of which he is a Trustee; 8,000 shares held by the 4
          L-K Trust of which he is a Trustee; 8,000 shares held by the 4 L-L
          Trust of which he is a Trustee; and 8,000 shares held by the 4 L-W
          Trust of which he is a Trustee.

     2.   Of Mr. McIlvain's shares 8,000 are held by Elizabeth L. McIlvain, his
          wife; 2,000 held by Elizabeth L. McIlvain as custodian for a minor
          child; and the remaining 736,000 shares are held directly.


                                       8
<PAGE>


     3.   Mr. Oden's shares are held by Sabine Operating Services, Inc. of which
          he is the President and majority shareholder.

     4.   The directors include M. H. McIlvain, B. Fred Oden, and Hugh Fowler.

(c) Changes in Control

None.

Item 12. Certain Relationships and Related Transactions

In January of 2004 the Company entered into an agreement with Mr. McIlvain
whereby he would receive 600,000 common shares in exchange for a reduction in
the amount owed him by the Company in the amount of $30,000. See Note 7 to the
financial statements.

Item 13. Exhibits and Reports on Form 8-K

A filing on Form 8K was made on June 30, 2005 notifying of the engagement of
Bateman & Co. of Houston, Texas as the Company's independent auditor. On August
15, 2005 a filing on Form 8-K was made notifying of the engagement of Malone &
Bailey, PC, of Houston, Texas as registrant's independent auditor.

On October 19, 2005 a filing on Form 8-K was made notifying that the
Registrant's board of directors voted to appoint Routh Stock Transfer 5700 W.
Plano Parkway #1000 Plano, Texas 75093 as the Company's transfer agent replacing
Fidelity Transfer Company of Salt Lake City, Utah. The change was made to
provide more convenience and accountability for this function and will be
effective October 24, 2005.

On December 19, 2001 a Form 8-K was filed with the Securities and Exchange
Commission disclosing the action taken at the December 17, 2001 special meeting
of shareholders at which the Company effected a 1 for 10 reverse split of its
common shares and the Company was authorized to file an S-8 registration
statement to allow it to issue shares to certain advisors, consultants and
attorneys.


                                   SIGNATURES

In accordance with Section 13 or 15 (d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


                                      AMERICAN RESOURCE TECHNOLOGIES, INC.

  Date:  June 26, 2008                /s/  MICHAEL H. MCILVAIN
                                      ------------------------------------------
                                      By: Michael H. McIlvain, President,
                                      Chief Executive Officer and
                                      Principal Accounting Officer


  In accordance with the Exchange Act, this report has been signed below by the
  following persons on behalf of the registrant and in the capacities and on the
  dates indicated:

            Signature                   Title                      Date
            ---------                   -----                      ----

/s/ MICHAEL H. MCILVAIN           President & Director         June 26, 2008
-----------------------
Michael H. McIlvain

/s/ B. FRED ODEN, III             Vice President & Director    June 26, 2008
---------------------
B. Fred Oden, III

/s/ HUGH FOWLER                   Secretary & Director         June 26, 2008
---------------------
Hugh Fowler


                                       9

<PAGE>




             Report of Independent Registered Public Accounting Firm
             -------------------------------------------------------


Board of Directors and Stockholders
American Resource Technologies, Inc.


We have audited the accompanying balance sheet of American Resource
Technologies, Inc. (the Company) as of September 30, 2005, and the related
statements of operations, changes in stockholders' equity (deficit), and cash
flows for the year then ended. These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit.

We conducted our 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 financial position of American Resource Technologies,
Inc. at September 30, 2005, and the results of its operations and cash flows for
the year then ended in conformity with accounting principles generally accepted
in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company has incurred substantial operating losses
resulting in an accumulated deficit of $3,917,225. This condition raises
substantial doubt about the Company's ability to continue as a going concern.
Management's plans in regard to these matters are also described in Note 1. The
financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

/s/ Turner, Stone & Company, L.L.P.


Dallas, Texas.
June 25, 2008


                                      F-1



<PAGE>


Bateman & Co., Inc., P.C.                               5 Briardale Court
Certified Public Accountants                            Houston, Texas 77027-2904
                                                            (713) 552-9800
                                                         FAX (713) 552-9700
                                                          www.batemanhouston.com


             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To The Board of Directors and Stockholders
Of Golden Chief Resources, Inc.

We have audited the accompanying balance sheet of Golden Chief Resources, Inc.
(a Kansas corporation and a development stage enterprise) as of September 30,
2004, and the related statements of operations, stockholders' deficit, and cash
flows for the year ended September 30, 2004, and for the cumulative development
stage period from October 1, 1997 through September 30, 2004. These financial
statements are the responsibility of the Company's management. Our
responsibility is to express an opinion on these financial statements based on
our audit. The financial statements of Golden Chief Resources, Inc. as of
September 30, 2003, and for the year then ended, and the cumulative statements
of operations, stockholders' deficit, and cash flows from October 1, 1997
through September 30, 2003, were audited by other auditors whose report dated
July 15, 2004, expressed an unqualified opinion on those statements, with a
paragraph emphasizing that there was substantial doubt the entity might survive
as a going concern. Our report on the cumulative statements of operations,
stockholders' deficit, and cash flows from October 1, 1997, through September
30, 2004, insofar as it relates to amounts for periods ending on or prior to
September 30, 2003, is based solely on the report of the other auditors.

We conducted our 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 financial position of Golden Chief Resources, Inc. (a
development stage enterprise) as of September 30, 2004, and the results of its
operations and its cash flows for the year ended September 30, 2004, and for the
cumulative development stage period from October 1, 1997, through September 30,
2004, in conformity with accounting principles generally accepted in the United
States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 2 to the
financial statements, the Company is not currently engaged in a business and has
suffered losses from development stage activities to date, which raise
substantial doubt about its ability to continue as a going concern. Management's
plans in regard to these matters are also described in Note 2. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.



                                                  /s/  BATEMAN & CO., INC., P.C.
                                                   -----------------------------
                                                       BATEMAN & CO., INC., P.C.
Houston, Texas
June 30, 2005


                                     Member
         INTERNATIONAL ASSOCIATION OF PRACTISING ACCOUNTANTS Offices in
                        Principal Cities Around The World

                                       F-2
<PAGE>


                                       American Resource Technologies, Inc.
                                                Balance Sheets

                                                                    September 30          September 30
                                                                        2005                  2004
A S S E T S                                                         -----------            -----------
-----------

Current assets:
---------------
              Cash                                                  $     7,093            $       225

              Advances from related parties                              20,768                   --
                                                                    -----------            -----------
              Total current assets                                       27,861                    225

Other assets:
-------------
              Oil & gas properties, non-producing                       254,304                   --
              Montgomery pipeline                                        34,789                   --
                                                                    -----------            -----------
              Total                                                     289,093                   --
                                                                    -----------            -----------
              Total assets                                          $   316,954            $       225
                                                                    ===========            ===========


L I A B I L I T I E S and S T O C K H O L EQUITY (D E F I C I T)
----------------------------------------------------------------

Current liabilities:
--------------------
              Accounts payable                                      $    19,109            $    22,881
              Advances to related party                                    --                   10,170
              Accrued expenses                                             --                    6,000
                                                                    -----------            -----------
                Total current liabilities                                19,109                 39,051

Stockholders' equity (deficit):
-------------------------------
              Common stock, no par value
              authorized 500,000,000 shares;                          5,207,887
              and 2,665,574 issued and outstanding                    4,215,070              3,658,732


              Accumulated deficit                                    (3,917,225)            (3,697,558)
                                                                    -----------            -----------

              Total stockholders' equity (deficit)                      297,845                (38,826)
                                                                    -----------            -----------

              Total liabilities and stockholders' equity (deficit)  $   316,954            $       225
                                                                    ===========            ===========


             The accompanying notes are an integral part of the financial statements.

                                                 F-3

<PAGE>


                               American Resource Technologies, Inc.
                                   Statements of Operations


                                                                For the Years Ended
                                                                   September 30
                                                     ----------------------------------------
                                                         2005                        2004
                                                     -----------                  -----------

Revenue                                              $      --                    $      --

Operating expenses
  Consulting fees                                        123,050                         --
  Computer repairs                                        12,122                         --
  Professional fees                                       34,883                       11,685
  Public relations                                         1,250                         --
  Travel                                                   6,173                          237
  Rent                                                    11,290                        6,000
  General and administrative expense                      30,900                         --
  Other                                                     --                          5,264
                                                     -----------                  -----------
       Total operating expenses                          219,667                       23,186
                                                     -----------                  -----------

Net loss                                             $  (219,667)                 $   (23,186)
                                                     ===========                  ===========

Basic and diluted loss per share                     $     (0.05)                 $     (0.01)
                                                     ===========                  ===========

Weighted average shares outstanding                    4,641,306                    2,260,741
                                                     ===========                  ===========


              The accompanying notes are an integral part of the financial statements.

                                               F-4

<PAGE>


                                           American Resource Technologies, Inc.
                                   Statements of Changes in Stockholders' Equity (Deficit)
                                     For the Years Ended September 30, 2005 and 2004


                                                                                                          Total
                                                    Common Stock                  Accumulated          Stockholders'
                                              Shares             Amount             Deficit          Equity (Deficit)
                                           -----------         -----------         -----------       ---------------

Balance, September 30, 2003                 1,441,574         $ 3,582,292         $(3,674,372)        $   (92,080)

Shares issued for:
              Cash                            614,000              30,000                                  30,000
              Reduce payable                  610,000              46,440                                  46,440
Net loss                                                                              (23,186)            (23,186)
                                          -----------         -----------         -----------         -----------

Balance, September 30, 2004                 2,665,574           3,658,732          (3,697,558)            (38,826)

Shares issued for:
              Cash                            320,488             179,610                                 179,610
              Consulting fees                 140,000              70,000                                  70,000
              Property acquisition          2,060,000             284,903                                 284,903
              Services                         21,825              21,825                                  21,825

Net loss                                                                             (219,667)           (219,667)
                                          -----------         -----------         -----------         -----------

Balance, September 30, 2005                 5,207,887         $ 4,215,070         $(3,917,225)        $   297,845
                                          ===========         ===========         ===========         ===========


                      The accompanying notes are an integral part of the financial statements.

                                                           F-5
<PAGE>


                                        American Resource Technologies, Inc.
                                           Statements of Cash Flows
                                For the Years Ended September 30, 2005 and 2004


Cash Flows from Operating Activities:                                        2005                   2004
-------------------------------------                                      ---------              ---------

            Net loss                                                       $(219,667)             $ (23,186)
            Adjustments to reconcile net loss to
              net cash used in operating activities:
              Stock issued for services                                       91,825                   --
            Changes in operating assets and liabilities:
              Accounts payable                                                (3,772)                 7,185
              Accrued expenses                                                (6,000)                 6,000
                                                                           ---------              ---------

Net Cash Used in Operating Activities                                       (137,614)               (10,001)
                                                                           ---------              ---------

Cash Flows from Investing Activities:
-------------------------------------
            Purchase oil and gas properties                                   (4,190)                  --
                                                                           ---------              ---------

Net Cash Used In Investing Activities                                         (4,190)                  --
                                                                           ---------              ---------

Cash Flows from Financing Activities:
-------------------------------------
            Proceeds of stock sales                                          179,610                 30,000
            Advances to related parties                                      (30,938)               (19,774)
                                                                           ---------              ---------

Net Cash Provided By Financing Activities                                    148,672                 10,226
                                                                           ---------              ---------

Net Increase in Cash                                                           6,868                    225

Cash
            Beginning of year                                                    225                   --
                                                                           ---------              ---------

            End of year                                                    $   7,093              $     225
                                                                           =========              =========


Supplementary Disclosure:
-------------------------
            Cash paid for interest                                         $    --                $    --
            Cash paid for taxes                                            $    --                $    --

Non-cash transactions:
----------------------
            Shares issued:
              For oil and gas properties                                   $ 284,903              $    --
              For services                                                 $  91,825              $    --
              For payables                                                 $    --                $  46,440


               The accompanying notes are an integral part of the financial statements.

                                                   F-6

<PAGE>


                      American Resource Technologies, Inc.
                          Notes to Financial Statements


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF BUSINESS

The Company was incorporated as Arts Antique Autos, Ltd. in November 1976 in
Kansas. During the early 1980's the Company engaged in oil and gas operating,
mining, real estate operations. During the mid 1980's, economic conditions
caused the Company to lose its asset and revenue base. Management decided to
discontinue any further business operations and completed the liquidation of the
few remaining assets during 1986. The Company did not operate a line of business
until the year ended September 30, 2000. During the fiscal year ended September
30, 1998, new assets were contributed in an attempt to revive the Company. In
October 1999, interests in oil and gas properties were contributed by third
parties in exchange for newly issued stock. This resulted in a change in control
of the Company. In July of 2002, the Company abandoned the oil assets by
transferring the assets to one of the shareholders in exchange for the debt
associated with the property. Management's plans include efforts to raise
operating and development capital followed by further acquisition and
development of oil and gas properties. On April 4, 2007 the Company changed its
name to American Resource Technologies, Inc.

USE OF ESTIMATES

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

CASH AND CASH FLOWS

The Company considers all highly liquid investments with an original maturity of
three months or less to be cash equivalents for purposes of preparing its
Statement of Cash Flows.

PROPERTY & EQUIPMENT

Property and equipment are carried at cost. Depreciation of property and
equipment is provided using the straight-line method for financial reporting
purposes at rates based on their estimated useful lives (5-10 years). The cost
of asset additions and improvements that extend the useful lives of property and
equipment are capitalized. Routine maintenance and repair items are charged to
current operations. The original cost and accumulated depreciation of asset
dispositions are removed from the accounts and any gain or loss is reflected in
the statement of operations in the period of disposition.

The Company follows the policy of beginning to depreciate property & equipment
on the date the asset is available for use, which is when the asset is in the
location and condition necessary to operate as intended. The Montgomery pipeline
is not in condition to operate as intended as it requires testing and inspection
before it will be available for use. Accordingly, no depreciation has been
recorded on this asset as of December 31, 2005.

OIL AND GAS PROPERTIES

The Company uses the successful efforts method of accounting for oil and gas
producing activities. Costs to acquire mineral interests in oil and gas
properties, to drill and equip exploratory wells that find proved reserves, to
drill and equip development wells and related asset retirement costs are
capitalized. Costs to drill exploratory wells that do not find proved reserves,
geological and geophysical costs, and costs of carrying and retaining unproved
properties are expensed.

                                      F-7
<PAGE>


Unproven oil and gas properties that are individually significant are
periodically assessed for impairment of value, and a loss is recognized at the
time of the impairment by providing an impairment allowance. Other unproved
properties are amortized based on the Company's experience of successful
drilling and average holding period. Capitalized costs of producing oil and gas
properties, after considering estimated residual salvage values, are depreciated
and depleted by the unit-of-production method. Support equipment and other
property and equipment are depreciated over their estimated useful lives.

On the sale or retirement of a complete unit of proved property, the cost and
related accumulated depreciation, depletion, and amortization are eliminated
from the property accounts, and the resultant gain or loss is recognized. On the
retirement or sale of a partial unit of proved property, the cost is charged to
accumulated depreciation, depletion, and amortization with a resulting gain or
loss recognized in income.

On the sale of an entire interest in an unproved property for cash or cash
equivalent, gain or loss on the sale is recognized, taking into consideration
the amount of any recorded impairment if the property had been assessed
individually. If a partial interest in an unproved property is sold, the amount
received is treated as a reduction of the cost of the interest retained.

LONG-LIVED ASSETS

Long-lived assets to be held and used or disposed of other than by sale are
reviewed for impairment whenever events or changes in circumstances indicate
that the carrying amount may not be recoverable. When required, impairment
losses on assets to be held and used or disposed of other than by sale are
recognized based on the fair value of the asset. Long- lived assets to be
disposed of by sale are reported at the lower of the asset's carrying amount or
fair value less cost to sell.

As of September 30, 2005 there was no depreciation provided because the
properties have not been put into operation.

INCOME TAXES

The Company recognizes deferred tax assets and liabilities based on differences
between the financial reporting and tax bases of assets and liabilities using
the enacted tax rates and laws that are expected to be in effect when the
differences are expected to be recovered. The Company provides a valuation
allowance for deferred tax assets for which it does not consider realization of
such assets to be more likely than not.

The Company's differences arise principally from the difference in the way oil
and gas assets are deducted and from the deductibility of accrued salaries for
financial statement and income tax purposes.

LOSS PER SHARE

Generally accepted accounting principles provide for the calculation of "Basic"
and "Diluted" loss per share. Basic earnings per common share excludes dilutive
securities and is computed by dividing net income available to common
stockholders by the weighted average number of common shares outstanding for the
period. Diluted earnings per common share reflect the potential dilution of
securities that could share in the earnings of the entity on an "as if"
converted basis. This is done by dividing net income available to common
shareholders, as adjusted if necessary, by the weighted average number of common
shares outstanding plus potential dilutive securities. The Company had no
dilutive securities during 2005 or 2004.

                                      F-8
<PAGE>


CONCENTRATIONS

The Company's operations are all in the oil and gas industry. As such, revenues,
costs, etc. are subject to changes due to national and international inventory
levels, variations in consumption, and other discrete factors. The Company
currently owns interests in only two properties and deals with a single operator
on each property. The Company's properties are all located in Chautauqua and
Montgomery counties, Kansas. Should anything happen to the operator of either
property; it is believed that a substitute operator would be available.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

The Company does not expect the adoption of recently issued accounting
pronouncements to have a significant impact on its results of operations,
financial position or cash flow.

FAIR VALUE OF FINANCIAL INSTRUMENTS

In accordance with the reporting requirements of SFAS No. 107, Disclosures About
Fair Value of Financial Instruments, the Company calculates the fair value of
its assets and liabilities which qualify as financial instruments under this
statement and includes this additional information in the notes to the financial
statements when the fair value is different than the carrying value of those
financial instruments.

STOCK-BASED COMPENSATION

In December 2004, the FSAB issued SFAS No. 123R, Share-Based Payment, revising
SFAS No. 123, Accounting for Stock-Based Compensation, and superseding
Accounting Principles Board (APB) Opinion No. 25, "Accounting for Stock Issued
to Employees". SFAS No. 123R establishes standards for the accounting for
transactions in which an entity exchanges its equity instruments for goods or
services, including obtaining employee services in share-based payment
transactions. SFAS No. 123R applies to all awards granted after the required
effective date and to awards modified, purchased or canceled after that date.
During the year ended September 30, 2005, there have been no such awards
granted, modified, purchased, or canceled. See Note 4.

NOTE 2 - RECLASSIFICATIONS OF ITEMS IN PREVIOUSLY ISSUED FINANCIAL STATEMENTS

On April 4, 2007 the Company declared a reverse split of its common shares on
the basis of 1 share for each 50 shares owned at the record date. The
retroactive effects of this split are reflected in this filing and are included
in the accompanying financial statements.

The Company engaged new auditors to re-audit the fiscal year ended September 30,
2005. As result the net loss was reduced from the $1,083,878 previously reported
to a net loss of $219,667. This was the result of eliminating the "expense"
previously reported arising from the issuance of shares for properties.

NOTE 3 - GOING CONCERN

As shown in the accompanying financial statements, the Company has incurred
significant net losses and, has an accumulated deficit of $3,917,225 and has
limited working capital. These conditions raise substantial doubt as to the
Company's ability to continue as a going concern. Management is trying to raise
additional capital through sales of common stock. The financial statements do
not include any adjustments that might be necessary if the Company is unable to
continue as a going concern.

NOTE 4 - STOCK TRANSACTIONS

On April 4, 2007, the Company declared a reverse split of its common shares in a
ratio of 1 share for each 50 shares owned at that time. The effects of this
action are reflected herein.

                                      F-9
<PAGE>


During the year ending September 30, 2005, the Company issued:

     o    2,060,000 common shares valued at $284,903 to related parties for the
          purchase of two oil and gas leases and gas system.
     o    320,488 common shares for cash of $179,610.
     o    21,825 common shares for services valued at $21,825.
     o    140,000 shares for consulting fees valued at $70,000.

During the year ending September 30, 2004, the Company issued:

     o    600,000 common shares to the Company's executive vice president to
          reduce the payable to him by $30,000.
     o    10,000 common shares to the Company's previous independent auditor to
          eliminate the payable to him of $16,440.
     o    614,000 shares of common stock for cash of $30,700.


At September 30, 2004, the Company reserved 5,000 shares of its authorized but
un-issued common stock for possible future issuance in connection with the
potential exercise of stock options.

NOTE 5 - STOCK OPTIONS

The following table lists the options outstanding at September 30, 2005.

Danny Looney          12/3/99        12/31/05         $0.10         4,000

The following table is an analysis of options for the purchase of the Company's
common stock outstanding as of September 30, 2005 and 2004.

                                                2005                                   2004
                                     -------------------------------------------------------------------
                                              Weighted                                Weighted
                                              Average                                 Average
                                             Exercise                                 Exercise
                                     Shares                Price             Shares                Price
Outstanding, beginning
of year                              5,000               $   0.12            5,000               $ 0.12
Granted                                -0-                  -0-              -0-                    -0-
  Expired/Cancelled                  1,000               $   0.20            -0-                    -0-
  Exercised                            -0-                  -0-              -0-                    -0-
                                     -----               --------            -----               ------
Outstanding end of year              4,000               $   0.10            5,000               $ 0.12
                                     =====               ========            =====               ======

There were no changes in outstanding options during the fiscal year 2005.
Additionally, no options were granted, modified or awarded for the years ended
September 30, 2005 or 2004.

The following table illustrates the effects of net income (loss) and earnings
(loss) per share if the Company had applied the fair value recognition
provisions of FASB Statement No. 123, Accounting for Stock-Based Compensation,
to stock-based employee compensation.

                                                            For the years ended
                                                               September 30,
                                                    -------------------------------------
                                                       2005                      2004
                                                    ----------                 --------
Net loss, as reported                               $ (219,667)                $ (23,186)

Deduct: Total stock-based employee
      compensation expense determined under fair
      value based method for all awards,
      net of related tax effects                          --                       --
                                                    ----------                 ----------

   Pro forma net loss                               $ (219,967)                $ (23,186)
                                                    ==========                 =========
   Loss per share:
     Basic and diluted - as reported                $    (0.05)                $   (0.01)
                                                     =========                 =========
     Basic - pro forma                              $    (0.05)                $   (0.01)
                                                    ==========                 =========
     Diluted - pro forma                            $    (0.05)                $   (0.01)
                                                    ==========                 =========

                                      F-10

<PAGE>


Note 6.  INCOME TAXES

The Company accounts for corporate income taxes in accordance with Statements of
Financial Accounting Standards (SFAS) No. 109. Under SFAS No. 109, deferred tax
assets and liabilities are recognized for the estimated future tax consequences
attributable to differences between the financial statements carrying amounts of
existing assets and liabilities and their respective tax bases. In addition,
future tax benefits, such as those from net operating loss carry forwards, are
recognized to the extent that realization of such benefits is more likely than
not. Deferred tax assets and liabilities are measured using enacted tax rates
expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. The effect on deferred tax
assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date.

Since 1999, the Company has not filed any federal tax returns. When such filings
are made, the Company may be subject to failure to file penalties. The Company
periodically assesses the liabilities and contingencies in connection with this
matter based upon the latest information available. The Company estimates that
the amount of penalties, if any, will not have a material effect on the results
of operations, cash flows or financial position. No provisions have been made in
the financial statements for such penalties, if any.

A reconciliation of income tax (expense) benefit at the statutory federal rate
of 34% to income tax (expense) benefit at the Company's effective tax rate for
the years ended September 30, 2005 and 2004 is as follows:


                                                             2005               2004
                                                           --------          --------

Tax benefit computed at statutory rate                     $ 74,700          $  7,900
Less valuation allowance                                    (74,700)           (7,900)
                                                           --------          --------
         Income tax benefit                                $   --            $   --
                                                           ========          ========

The significant components of the Company's deferred tax assets at September 30,
2005 are summarized as follows:

Deferred tax asset:
         Net operating loss carry forward                             $ 993,000
         Less valuation allowance                                      (993,000)
                                                                      ---------
         Income tax benefit                                           $    --
                                                                      =========
At September 30, 2005, the Company had approximately $2,920,991 of estimated net

operating losses available to offset future taxable income. These carry forwards
expire between the years 2018 and 2025. There are no deferred tax liabilities.

NOTE 7 - RELATED PARTY TRANSACTIONS

During the fiscal year ending September 30, 2005 the Company paid Sabine
Operating Services, Inc., a related party, consulting fees of $34,650 for
activities relating to the start-up of oil and gas producing operations which
began in fiscal year 2006. The Company has a receivable from Sabine Operating
Services, Inc., of $8,500 and a receivable from M. H. McIlvain of $12,268 at
September 30, 2005.

The Company issued 1,920,000 shares of common stock to a company controlled by
two directors of the Company for the purchase of two oil and gas leases. The
properties were recorded at the carry-over basis of the former owner totaling
$95,000. See Note 4.


                                      F-11
<PAGE>


In January 2005, the Company issued 40,000 shares of common stock to a company
controlled by two directors of the Company for the purchase of a gas gathering
system. The system was recorded at the carry-over basis of the former owner
totaling $34,789. The shares were valued at $36,000 resulting in an asset of
$34,789 and compensation of $1,211.

In September 2005, the Company purchased a non-producing oil and gas property
located in Montgomery County, Kansas from a related party for 100,000 shares.
The previous owner had a carrying value of $155,114 which approximates the fair
market value of the shares issued and is the recorded purchase amount.

NOTE 8 - LEASE OBLIGATION

The Company leased its office space under a six-month lease ending December 31,
2005. Rent expense totaled $11,290 and $6,000 for the years ended September 30,
2005 and 2004, respectively.

NOTE 9 - SUBSEQUENT EVENTS

During the fiscal year ended September 30, 2006 the Company sold 243,240 shares
and received $141,000 in proceeds from these sales. The Company also issued
50,000 shares with a fair market value of $25,000 for furniture and equipment
and 7,600 shares for services of $8,000.

On December 21, 2006 the Company held a special shareholders meeting at which
the shareholders approved a resolution authorizing the Board of Directors to
evaluate the necessity of a reverse stock split and also to implement a reverse
stock split if they determine it to be necessary. The shareholders also ratified
the actions of the officers and directors since the last special shareholders
meeting on December 17, 2001.

For the year ended September 30, 2007, the Company issued 663,456 shares of its
common stock for $91,600. The Company also issued 3,340,090 shares of common
stock for services of $245,667 and 580,845 shares of common stock to reduce
accounts payable to related parties of $58,085. The Company reduced the number
of shares outstanding by 133 for fractional shares which resulted from the stock
split. As of September 30, 2007 the Company placed $50,000 in long-term debt
with a maturity of three years bearing interest at ten per cent per annum. These
notes are convertible into 400,000 shares of the Company's stock which
collateralizes the notes. The Company continues to seek these and other sources
of financing.

On April 4, 2007 the Company declared a reverse split of its common shares on
the basis of 1 share for each 50 shares owned at the record date. The effects of
this action are reflected in this filing. Also on April 4, 2007 the Company
changed its name to American Resource Technologies, Inc.

On November 1, 2007 the Company's Board of Directors elected to declare a 10%
stock dividend effective for shareholders of record as of November 30, 2007. The
dividend shares have been issued and are in the process of being delivered to
the shareholders. The dividend resulted in the issuance of 1,097,036 new shares.


                                      F-12

In October of 2007 the Company sold 160,000 of its common shares for $25,000 to
an investor. The investor received options exercisable at $0.15625 per share for
160,000 shares expiring in October 2008. Additionally an additional 403,500
shares were issued for consulting services. An additional $10,000 in long-term
debt was incurred with the same parameters as the above discussed long-term debt
and the issuance of 80,000 shares as collateral.

Subsequent to December 31, 2007 the Company issued 200,000 shares for consulting
services valued at $26,000, and sold 562,500 shares for cash of $45,000. The
purchasers of the 562,500 shares also received one-year options for the purchase
of 281,250 shares at $0.08 per share.

</TABLE>