UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C 20549

FORM 10-KSB/A4

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

For the fiscal year ended December 31, 2000

OR

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from___________to______________

COMMISSION FILE NUMBER 33-94884

COATES INTERNATIONAL, LTD.

__________________________________________________________________

(Exact name of small business issuer as specified in its charter)

                 DELAWARE                                                       22-2925432

	_________________                    ___________________________________________

```
 (State or other jurisdiction of  incorporation       (IRS Employer incorporation or organization) identification No.)
```

  or organization

Highway 34 & Ridgewood Road, Wall Township, New Jersey 07719 

______________________________        ___________________________

(Address of principal executive offices)                                                         (Zip code)

Issuer's telephone number, including area code (732) 449-7717  
Securities registered pursuant to Section 12(b) of the Act:  NONE

Title of Class:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

Title of Class:  NONE

Check whether the issuer (1) 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 there is no 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-ISB or any amendment to this Form 10-KSB. [  ]

Issuer's  revenues for the year ended December 31, 2000 were $845,000.

During the fiscal year ended December 31, 2000, there was no established public trading market for the issuer's Series A Preferred or Common Stock. On December 31, 2000, there were 66,097,910 shares of Common Stock issued and outstanding.
**Coates International, Ltd.

Notes to the Financial Statements

 NOTE 6 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at cost, less accumulated depreciation, consists of the following at December 31, 2000:

				Land  
$
  920,550  
				Building   
  579,450  
				Building improvements   
  201,671  
				Machinery and equipment   
  325,054  
				Furniture and fixtures   
    39,295      2,066,020  
				Less:  Accumulated depreciation   
   440,128  
					Total  
$
1,625,892  
Depreciation expense amounted to $33,270 and $26,997 for the years ended December 31,2000 and 1999, respectively.

NOTE 7 - ACCRUED EXPENSES

Accrued expenses at December 31, 2000 is comprised of the following

                                                          Legal Fees  
$  517,536
                                                          Accounting Fees  
      25,000
                                                          Patent Legal Fees  
      39,770
                                                          Audit Fees - prior auditors (1995 and 1996)  
      31,975
                                                          Audit Fees - prior auditors (1997)  
      77,040
  
$  691,321
NOTE 8 - NOTE PAYABLE

The note payable represents a bank loan with interest at 13.64% due in equal monthly installments of $6,907 including interest through September 2001, secured by equipment with a net book value of $66,600.

NOTE 9 - MORTGAGE PAYABLE

Interest at 15.99% per annum due in equal monthly installments of $12,521 including interest, due on April 1, 2004 secured by land and building with a net book value of $1,552,621.	

			  
$
892,507  
			Less current maturities   
    8,903  
			Mortgage payable, net of current maturities  
$
883,604  
Total maturities of mortgage payable are as follows:

				Year Ending December 31,      
				2001
$
    8,903    
				2002 
  10,435    
				2003 
  12,232    
				2004 
860,937    
			
$
892,507    
 

 

 

 

 

 

 

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and Exchange Act of 1934, the Registrant has duly caused this Amendment No.4 to its Form 10-KSB for the fiscal year ended December 31, 2000 to be signed on its behalf by the undersigned, thereunto duly authorized.

DATE**:**March****22, 2002				 COATES INTERNATIONAL LTD. 

							     _/s/ George J. Coates_______
     George J. Coates, President 

                                                                                         Chief Executive Officer and 

                                                                                         Chief Financial Officer

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

SIGNATURE 				TITLE 				DATE 

-----------------				---------					---------

_/s/  George J. Coates___

George J. Coates 		 	Director, Chief		March 22, 2002	

  	Executive Officer, 

  	President, and

Chief Financial Officer

  	                                                  	 

_/s/ Richard W. Evans	___				

Richard W. Evans                               Director                                  March 22, 2002             	

 

  /s/ Michael J. Suchar	___		Director			March 22, 2002

 

 

 

 

 

 

 

 

 

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