UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington,  D.  C.  20549

                                  FORM  10-QSB

[x]  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d)  OF  THE
SECURITIES  EXCHANGE  ACT  OF  1934
                         For  the  period  ended  June  30,  2004

[  ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
EXCHANGE  Act  of  1934
                         For  the  transition  period  from  ___  to  ___.
                         Commission  file  number:  0-32905

                       AMANASU  TECHNOLOGIES  CORPORATION
------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

Nevada                                                          98-0351508
-------------------------------------------------------------------------------
(State  or other jurisdiction of organization) (IRS Employer Identification No.)

             701  Fifth  Avenue,  42nd  Floor,  Seattle,  WA  98109
-------------------------------------------------------------------------------
                  (Address  of  principal  executive  offices)

                                  206-262-8188
-------------------------------------------------------------------------------
                          (Issuer's  telephone  number)

-------------------------------------------------------------------------------
(Former  name,  former  address  and  former  fiscal year, if changed since last
report)

Check whether issuer (1) filed all reports to be filed by Section 13 or 15(d) of
the  Exchange  Act  during  the  past 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  [  ]

     APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
                              PRECEDING FIVE YEARS
Check  whether  the  registrant  filed  all documents and reports required to be
filed  by Section 12, 13, or 15(d) of the Exchange Act after the distribution of
securities  under  a  plan  confirmed  by  a  court.  Yes  [  ]  No  [ ] N/A [X]

                      APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest practicable date: 46,506,300 as of August 10, 2004.

Transitional  Small  Business  Disclosure  Format:  Yes  [  ]  No  [X]

********************************************************************************
During  the  quarter ended June 30, 2003, 20,000 shares were allotted to Reraise
Corporation, a private Japanese company, at a price of $4.99 per share for total
consideration of $99,900. As of the date hereof, the shares have not been issued
due to pending documentation needed to affect a new share issuance. As a result,
the  $99,900  capital  contribution  should be considered a liability until such
shares  have been issued. This transactions was previously recorded as a capital
transaction in error. The Company will rectify this discrepancy prior to the end
of  the  next  quarter  ended  September 30, 2004. Please refer to Note 2 of the
notes to financial statements and Item 2. Changes in Securities- Recent Sales of
Unregistered  Securities.
********************************************************************************


                                        1
<PAGE>
                        AMANASU TECHNOLOGIES CORPORATION
                         QUARTERLY REPORT ON FORM 10QSB
                     FOR THE SIX MONTHS ENDED JUNE 30, 2004
                                TABLE OF CONTENTS

                           PART  1-FINANCIAL  INFORMATION
                           -----------------------------

Item  1:     Financial  Statements                                      Page  #

Balance  Sheets  as  of  June  30,  2004  (unaudited)
  and  December  31,  2003  (audited)_______________________________4

Statement  of  Operations  for  the  six  months
  ended  June  30,  2004,  2004  and  2003  (unaudited)______________5

Statement  of  Operations  for  the  three  months
  ended  June  30,  2004,  2004  and  2003  (unaudited)______________6

Statement  of  Cash  Flows  for  the  six  months
  ended  June  30,  2004  and  2003  (unaudited)_____________________7

Notes  to  Financial  Statements  (unaudited)_______________________8

Item  2:     Management  Discussion  &  Analysis  of
              Financial  Condition  and  Results  of  Operations_______9

Item  3:     Controls  and  Procedures______________________________14

                             PART  2-OTHER  INFORMATION
                             -------------------------

Item  1:     Legal  Proceedings_____________________________________14
Item  2:     Changes  in  Securities_________________________________14
Item  3:     Defaults  upon  Senior  Securities______________________15
Item  4:     Submission  of  Matters  to  Vote  of  Security  holders__15
Item  5:     Other  Information______________________________________15
Item  6:     Exhibits  and  Reports  on  Form  8-K____________________15

Signatures_________________________________________________________16



                                        2
<PAGE>

ITEM  1.  FINANCIAL  STATEMENTS

GENERAL

The  Company's  unaudited financial statements for the six months ended June 30,
2004 are included with this Form 10-QSB. The unaudited financial statements have
been prepared in accordance with the instructions to Form 10-QSB and, therefore,
do  not  include  all  information  and  footnotes  necessary  for  a  complete
presentation  of  financial  position,  results of operations, and cash flows in
conformity  with  generally  accepted  accounting  principles. In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results  of  operations  and  financial position have been included and all such
adjustments  are  of  a  normal  recurring nature. Operating results for the six
months  ended  June, 2004 are not necessarily indicative of the results that can
be  expected  for  the  fiscal  year  ending  December  31,  2004.

                                        3
<PAGE>

<TABLE>
<CAPTION>


                                  AMANASU TECHNOLOGIES CORPORATION
                                    (A DEVELOPMENT STAGE COMPANY)
                                           BALANCE SHEETS
                                            (UNAUDITED)
                                                                                   June 30,      December 31,
                                                                                    2004            2003
                                                                                 (Unaudited)      (Audited)
ASSETS
------
Current Assets:
<S>                                                                                  <C>            <C>
    Cash                                                                           $3,968        $54,985
                                                                                 -----------------------
             Total current assets                                                3,968         54,985

Fixed Assets:
    Automobile                                                                     1,500          1,500
        Less accumulated depreciation                                            816             645
                                                                                 -----------------------
             Net fixed assets                                                       684             855

Other Assets:
    Licensing agreement                                                         160,000       160,000
        Less accumulated amortization                                          32,942        28,236
                                                                                ------------------------
             Total other assets                                                 127,058       131,764

                                                                                ------------------------
Total Assets                                                                    $131,710      $187,604
                                                                                ========================
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Liabilities:
Advance from Shareholder                                                        10,000          -
Deposits for Common Stock                                                       99,900        99,900
                                                                                ------------------------
Total current liabilities                                                      109,900        99,900


Stockholders' Equity:
Common Stock: authorized 100,000,000 shares of
    $.001 par value; issued and outstanding - 46,506,300                   46,506        46,506
Additional paid-in capital                                                     550,894       550,894
Deficit accumulated during development stage                              (575,590)     (509,696)
                                                                                ------------------------
             Total stockholders' equity                                         21,810        87,704
                                                                                ------------------------
Total Liabilities and Stockholders' Equity                                 $131,710      $187,604
                                                                                =========================
The accompanying notes are an integral part of these financial statements.
</TABLE>

                                        4
<PAGE>

<TABLE>
<CAPTION>



                                  AMANASU TECHNOLOGIES CORPORATION
                                    (A DEVELOPMENT STAGE COMPANY)
                                STATEMENTS OF OPERATIONS AND DEFICIT
                                ACCUMULATED DURING DEVELOPMENT STAGE
                                            (UNAUDITED)

                                                                                               December 1, 1997
                                                  Six Month Period Ended June 30,       (Date of Inception)
                                                      2004                  2003              To June 30, 2004
                                                 --------------------------------------------------------
<S>                                                   <C>                   <C>                  <C>
Expenses                                            65,932               214,205            579,013
    Operating loss                                (65,932)            (214,205)          (579,013)
Other Income - Interest
                                                       38                    323                3,423
Loss accumulated
during development
                                                 --------------------------------------------------------
stage                                              (65,894)             (213,882)          (575,590)
                                                 ========================================================

Loss Per Share -
    Basic and Diluted                            $     -                $      -
                                                          ==                      ==

Weighted average                               46,506,300            46,614,734
number of shares
outstanding
</TABLE>

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

                                        5
<PAGE>

<TABLE>
<CAPTION>




                                  AMANASU TECHNOLOGIES CORPORATION
                                    (A DEVELOPMENT STAGE COMPANY)
                                STATEMENTS OF OPERATIONS AND DEFICIT
                                ACCUMULATED DURING DEVELOPMENT STAGE
                                            (UNAUDITED)

                                                                                            December 1, 1997
                                                           Quarters Ended June 30,    (Date of Inception)
                                                            2004            2003          To March 31, 2004
                                                        ------------------------------------------------
<S>                                                         <C>              <C>               <C>
Expenses                                                  23,892         74,040             579,013
    Operating loss                                      (23,892)      (74,040)           (579,013)
Other Income - Interest
                                                             4                58                3,423
Loss accumulated
during development
                                                       -------------------------------------------------
stage                                                   (23,888)        (73,982)           (575,590)
                                                       =================================================
Loss Per Share -
    Basic and Diluted                                 $     -          $     -
                                                            ====             ====

Weighted average                                     46,506,300       46,436,400
number of shares
outstanding
</TABLE>

The  accompanying  notes  are  an  integral  part of these financial statements.
                                        6
<PAGE>
<TABLE>
<CAPTION>



                                         AMANASU TECHNOLOGIES CORPORATION
                                           (A DEVELOPMENT STAGE COMPANY)
                                              STATEMENTS OF CASH FLOWS
                                                     (UNAUDITED)
                                                                Six Month Periods Ended           December 1, 1997
                                                                         June 30,             (Date of Inception) To June 30,
                                                                  2004              2003                   2004
                                                            -----------------------------------------------------------
<S>                                                               <C>                <C>                   <C>
CASH FLOWS FROM OPERATIONS:
Net loss                                                      (65,894)         (213,882)              (575,590)
Charges not requiring the outlay of cash:
    Depreciation and amortization                           4,877             4,991                 33,758
    Services provided for common stock                        -              15,000                 21,300

                                                            -----------------------------------------------------------
             NET CASH CONSUMED BY
                 OPERATING ACTIVITIES                       (61,017)         (193,891)             (520,532)

CASH FLOWS FROM INVESTING
     ACTIVITIES:
Purchase of automobile                                         -                   -                   (1,500)
Payment of amount due for
     licensing agreement                                        -                  -                  (160,000)

                                                            -----------------------------------------------------------
            NET CASH CONSUMED BY
                INVESTING ACTIVITIES                            -                  -                  (161,500)

CASH FLOWS FROM FINANCING
     ACTIVITIES:
Issuances of common stock                                      -                  -                   516,100
Capital Contribution from Shareholder                                                                60,000
Shareholder advance                                          10,000               -                    10,000
Advances received in anticipation of
    common stock sales                                          -               99,900                 99,900

                                                            -----------------------------------------------------------
            NET CASH PROVIDED BY
                FINANCING ACTIVITIES                         10,000            99,900                686,000

Net Change In Cash                                          (51,017)          (93,991)                3,968
Cash balance, beginning of period                         54,985            208,901                      -
                                                            -----------------------------------------------------------
Cash balance, end of period                                 3,968            114,910                 3,968
                                                            ===========================================================
</TABLE>
These  accompanying  notes  are an integral part of  these financial statements.
                                        7
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                 MARCH 31, 2004
                                   (UNAUDITED)




1.     BASIS  OF  PRESENTATION

The  unaudited  interim financial statements of Amanasu Technologies Corporation
("the  Company")  as  of  June  30, 2004 and for the three and six month periods
ended  June  30,  2004 and 2003, have been prepared in accordance with generally
accepted  accounting  principles. In the opinion of management, such information
contains  all  adjustments,  consisting  only  of  normal recurring adjustments,
necessary  for  a fair presentation of the results for such periods. The results
of operations for the quarter ended June 30, 2004 are not necessarily indicative
of the results to be expected for the full fiscal year ending December 31, 2004.

Certain  information and disclosures normally included in the notes to financial
statements  have  been  condensed  or  omitted  as  permitted  by  the rules and
regulations  of  the  Securities  and  Exchange Commission, although the Company
believes  the  disclosure  is  adequate  to  make  the information presented not
misleading.  The  accompanying  unaudited financial statements should be read in
conjunction  with  the  financial  statements  of the Company for the year ended
December  31,  2003.

2.     DEPOSITS FOR COMMON STOCK

During  the  quarter ended June 30, 2003, 20,000 shares were allotted to Reraise
Corporation, a private Japanese company, at a price of $4.99 per share for total
consideration of $99,900. As of the date hereof, the shares have not been issued
due to pending documentation needed to affect a new share issuance. As a result,
the  $99,900 consideration received should be considered a liability, as opposed
to  a  capital contribution, until the shares have been issued. The Company will
rectify  this  discrepancy  prior to the end of the next quarter ended September
30,  2004.

                                        8
<PAGE>
ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  OR  PLAN  OF  OPERATION

                              Cautionary Statement

SAFE  HARBOR

This  Form  10QSB  contains  "forward-looking  statements" within the meaning of
Section  27A  of  the  Securities  Act  of 1933, as amended, and Section 21E the
Securities  Exchange Act of 1934, as amended and such forward-looking statements
are  made  pursuant  to  the  safe  harbor  provisions of the Private Securities
Litigation  Reform  Act  of  1995.  "Forward-looking statements" describe future
expectations,  plans, results, or strategies and are generally preceded by words
such  as  "may,"  "future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." You are cautioned that such
statements  are  subject  to  a  multitude of risks and uncertainties that could
cause  future  circumstances, events, or results to differ materially from those
projected  in  the  forward-looking  statements, including the risks that actual
results  may  differ  materially  from  those  projected  in the forward-looking
statements  as  a  result  of  various  factors, and other risks identified in a
companies'  annual  report on Form 10-KSB and other filings made by such company
with  the  United States Securities and Exchange Commission. You should consider
these  factors in evaluating the forward-looking statements included herein, and
not  place  undue  reliance  on  such  statements.

See  the  Company's  Annual Report on Form 10-KSB for the period ending December
31,  2003  ("Form  10-KSB")  filed  on  April  6, 2004 for additional statements
concerning  operations and future capital requirements. Certain risks exist with
respect  to  the  Company  and  its  business,  which risks include the need for
additional  capital,  and lack of commercial product, among other risks. Readers
are  urged to refer to the section entitled "Risk Factors" in the Company's Form
10-KSB  for  a broader discussion of such risks and uncertainties. The following
discussion  should  be  read  in  conjunction  with  the  Company's  Financial
Statements,  including  the Notes thereto, appearing elsewhere in this Quarterly
Report  and  in  the  Annual  Report  for  the  year  ended  December  31, 2003.

COMPANY  OVERVIEW

The  Company  is  a  development  stage company and significant risks exist with
respect to its business. The Company received the exclusive, worldwide rights to
a  high  efficiency electrical motor and a high powered magnet both of which are
used  in  connection  with  an  electrical  motor scooter. The technologies were
acquired under a sub-license agreement with Amanasu Corporation, formerly Family
Corporation.  Amanasu  Corporation, a Japanese company and the Company's largest
shareholder, acquired the rights to the technologies under a licensing agreement
with the inventors. Mr. Atsushi Maki, a principle shareholder of the Company, is
the  sole  shareholder  of Amanasu Corporation. At this time, the Company is not
engaged  in  the  commercial  sale  of  any  of  its  licensed technologies. Its
operations to date have been limited to acquiring the technologies, constructing
four
                                        9
<PAGE>

proto-type  motor scooters and various testing of the technologies and the motor
scooter. The Company must raise funds in order to commence the sale of its motor
scooter.

The Company intends to use the technologies to produce a lightweight, electrical
motor  scooter  to compete in the emerging, light electric vehicle industry. The
Company  intends to manufacture and sell the motor scooter to its initial target
markets  of  Japan,  Taiwan  and  China,  and  Korea.

Motor  scooters  have  been one of the primary modes of transportation worldwide
for  many years with particular widespread use in congested cities of Europe and
the  Far East. Recently, motor scooter use has descended upon many cities in the
United  States.  Scooter  use  in  these  geographical  areas initially has been
gas-powered  models,  however,  in recent years electrical powered scooters have
been  introduced  to these areas. The growth of the market for electric vehicles
in  the  United  States  has been led by federal, state, and local laws aimed at
reducing  pollution  levels  from  conventional  gas powered vehicles, including
two-stroke vehicles like motorcycles and scooters. The U.S. Energy Policy Act of
1992  provides  that  federal,  state  and  public  utility fleets must begin to
purchase  alternative  fuel  vehicles  in  1993 with major acceleration of these
purchases to begin in 1998. The State of California has mandated that 10% of all
new  car sales in the state must be zero emission vehicles by the year 2003, and
other  states  have  enacted  similar directives. In addition, municipalities in
California  and  Colorado  are  offering  $250  rebates  to  buyers  of electric
vehicles.  Globally,  a  similar  effort  is  underway.  The  Republic  of China
seemingly  has  embraced  electric vehicle usage. China gives buyers of electric
scooters  a  rebate  equivalent  to  $200  (US). During 1999, it sponsored a $12
million  program  to put three to five thousand electric vehicles on the road by
2000.  Finally,  it recently banned the licensing of new gas-powered bicycles in
the  cities  of  Shanghai  and  Beijing. In Europe, France has agreed to provide
rebates  of  the additional cost of electric vehicles over conventional vehicles
and  is  providing  free  parking  to  electric  vehicles  in Paris. The Company
believes  that  the its plan of operations of manufacturing and selling electric
scooters  will  benefit  from  these  legislative  efforts.

The  Company expects to confront intense competition in electric vehicle market.
The  major  manufacturers  in  the  electrical bicycle/scooter market are Honda,
Suzuki,  Sanyo  and Yamaha which sell their products principally in the Far East
and  Europe.  In  addition,  other  smaller  manufacturers  exist in this market
throughout  the world. Despite the robust competition, the Company believes that
it  maintain  certain  competitive  advantages  in this market. Specifically, it
believes  that  its  scooter's ability to travel longer distances on an existing
charge  as well the shorter charge time are important competitive advantages. In
addition,  the  Company expects to sell its scooter at prices ranging from 20 to
30%  less  than  a  comparable  product manufactured by the major manufacturers.
Consequently,  the Company believes due to these competitive advantages, it will
be  able  to  effectively  compete  in  this  market.
                                       10
<PAGE>

PRODUCTS

The  Company  intends  to participate in the emerging electric vehicle market by
using  its  sub-licensed  technologies  to  design,  manufacture,  and  sell
lightweight, electric motor scooters. The Company may expand its product line in
the  future  to  include  other  electronic vehicles, such as electric bicycles.

The  Company's  principal  product  will  be  a  lightweight  motor scooter that
features  the  Company's  proprietary  electric motor. The one passenger scooter
also  will  feature  a  stepless  transmission,  an  electromotive brake, and is
expected  to  weigh  107  kg.  The Company will use an otherwise standard leaded
battery. Due to the unique features of the licensed technologies, the scooter is
expected to deliver improved operational efficiencies over competitive products.
On  December  26,  2001,  Sanwa  Electronics Co., Inc. performed two independent
tests  on  one  of  the  Company's scooters. The test results indicated that the
motor  scooter  can  travel  65 to 85 km on a full battery charge, at an average
running  speed  of 30 km/hour. The battery charge time to travel these distances
approximated 2 hours. Sanwa Electronics conducted the tests on a relatively flat
road  grade  with  limited  traffic density. These results contrast with Honda's
electric  scooter  (Year  2001-Model  #A-AF36).  According to product literature
published by Honda, the scooter travels approximately 60 km at 30 km/hour, and a
full recharge requires approximately 8 hours. Conditions, such as road grade and
travel  density,  regarding  the  its  scooter  were  not contained in the Honda
information.

Gas  powered  scooters  while  generally  an inexpensive mode of transportation,
typically  are  powered  by  two-stroke  engines  fueled  by an oil and gasoline
mixture.  These  engines  are small with compressed power, and therefore ideally
suited  for  scooter use. However, two stroke engines are commonly identified by
clouds  of  oily  smoke  trailing  the  engine,  which  evidences  its  major
disadvantages.  Two stroke engines use fuel inefficiently and, more importantly,
have  high  pollution  emissions.  They generate pollution from two sources; the
combustion  of oil in the fuel, and the leaking of fuel through the exhaust port
during engine use. In promoting its product to its targeted markets, the Company
will seek to capitalize on its strong operational efficiencies of the technology
compared  with  other  electric  scooters,  while  championing  its  product's
environmental  advantages  to  gas  powered  versions.

PLAN  OF  OPERATIONS

The Company is a development stage corporation. It has not commenced its planned
operations  of  manufacturing  and  marketing  a  lightweight  electrical  motor
scooter. Its operations to date have been limited to conducting various tests on
its  technologies,  and  constructing  four  prototypes  of  its  scooter.

During  2003,  the Company constructed four prototypes of its scooter, which the
Company  intends  to  use  as  demonstrational units for marketing and sale, and
testing  purposes.  However,  the  Company  does  not  expect  to  initiate  the
manufacture  and  sale  of  its  scooter until such time as it raises sufficient
working  capital  as  described  below.
                                       11
<PAGE>

The  Company's  plan  of operations for the next 12 months is to conduct limited
product  refinement  of  its  technologies, which includes product improvements,
redesign  of  the exterior, and additional testing of the scooter, which will be
required  prior  to  commercial production. The Company's focus over the next 12
months  will  be  to  set up its product line given it raises sufficient working
capital.

The  Company's  cash  requirements  for  the  next 12 months are estimated to be
$290,000.  This  amount  is  comprised  of  the following estimate expenditures:

-    $ 70,000 for administrative salaries including salaries paid to current and
     projected  staff  and  consultants,

-    $  80,000 for office expenses including meals and entertainment, travel and
     rental  of  office  in  Seattle  and  Tokyo,

-    $ 20,000 for audit and other professional fees,

-    $ 100,000 for product development and testing, and

-    $ 20,000 for the initial supply of inventory.


The  Company  is  seeking  to  raise a minimum of $500,000 in the next 12 months
through  shareholder advances from Mr. Atsushi Maki, a principle shareholder and
Director,  to  support its working capital needs as described above. The Company
also  plans on raising a further $100,000 through the public or private offering
of  its  debt  or  equity  securities.

In  addition  to  the  above described capital requirements, the Company will be
required  to  raise  additional  funds  in  order  for it to commence full scale
production. The amount of such funds is estimated to be $400,000. The funds will
be allocated to parts and component inventory required in advance of production,
and  costs  for  manufacturing  and  specialty component production. The Company
cannot  predict  whether  it  will be successful in raising any capital efforts.

The  Company  has no material commitments for capital at this time other than as
described  above. The Company expects to outsource the construction of component
parts  of  its  products  to  third parties as well as the scooter assembly. The
Company  believes  that  it can meet product demand from available manufacturing
and  assembly  resources  in  Japan  and  elsewhere.

As stated above, the Company cannot predict whether or not it will be successful
in  its  capital  raising  efforts,  and,  thus,  be  able  to  satisfy its cash
requirements  for  the next 12 months. If the Company is unsuccessful in raising
at  least  $500,000,  it  may  not be able to complete its plan of operations as
discussed  above.
                                       12
<PAGE>

The  Company  does  not  expect to acquire new or sell its existing technologies
within  the  next  12  months.

The  Company expects to hire additional employees in its office in Japan to fill
positions  relating  to  sales  and  marketing  of  its  products.

MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL  CONDITION AND RESULTS OF
OPERATIONS

The  Company  did  not generate any revenues for the quarter ended June, 2004 or
for  the  same period in 2003 except for interest earned in bank deposits in the
amount  of $ 33 and $323 respectively. The decrease in interest was due to funds
from  the  Company's  term  deposit account being transferred into the operating
account  for the purposes of meeting working capital needs. The term deposit was
closed  during  the  quarter.

Total  expenses  for  the  six  month  period  ending June 30, 2004 was $ 65,894
compared  to  $  213,882  for  the  same period of 2003. The decrease was due to
reduced  professional  fees.

Total expenses for the 3 month period ending June 30, 2004 was $ 23,888 compared
to  $73,982  for  the  same  period  in  2003.  The  decrease was due to reduced
professional  fees.


In  the event that the Company does not generate revenues in the next 12 months,
the  Company  plans  to  obtain additional private placements and loans from the
Company's  Director,  Atsushi  Maki  in the amount of $500,000. The Company does
anticipate  business opportunities, however those opportunities remain uncertain
to  date.

LIQUIDITY  AND  CAPITAL  RESOURCES

As  of  June  30,  2004,  working  capital was a negative $105,932. The negative
working  capital  is  mostly attributed to deposits received for common stock in
the  amount of $99,900. This transaction occurred in June 2003 where shares were
allotted  to  Reraise  Corporation  but  were  not  issued when consideration of
$99,900  was  received.  The  Company  expects  to issue these shares before the
quarter ended September 2004. Once the shares are issued, the Company will treat
this  transaction as a capital contribution. Please refer to Note 2 of the notes
to  financial  statements  and  Item  2.  Changes  in Securities-Recent Sales of
Unregistered  Securities. The Company also received a shareholder advance in the
amount of $10,000 from Atsushi Maki. The advance is without interest or terms of
repayment.

The  Company  has an accumulated deficit of $ 575,590. Past recurring losses and
inability  to  generate  sufficient cash flow from normal operations to meet its
obligations  as  they  become  due,  raises doubt about the Company's ability to
continue  as  a going concern. The Company's ability to continue in existence is
dependent  upon  obtaining the necessary $500,000 needed to fund working capital
needs  and  the  further  $400,000  needed  to  commence  full scale production.

Upon  commencing  full  scale production, the Company will depend on consultants
and  outside manufacturing facilities for significant technical processes. There
is  no assurance that such persons or institutions will be available when needed
at affordable prices. It may cost more to have independent companies do research
and  manufacturing  than  for  the  Company  to  handle  these  resources.
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OFF-BALANCE  SHEET  ARRANGEMENTS

The  Company  has  no  off-balance  sheet  arrangements.

EVALUATION  OF  DISCLOSURE  CONTROLS  AND  PROCEDURES

The  Company  carried  out  an  evaluation of the effectiveness of the Company's
disclosure  controls  and  procedures  (as  defined  by Rule 13a-15(e) under the
Securities  Exchange  Act  of  1934)  under  the  supervision  and  with  the
participation  of  the  Company's  Chief  Executive  Officer and Chief Financial
Officer  as of a date within 90 days of the filings date of Form 10QSB. Based on
and  as  of  the  date  of  such  evaluation,  the  aforementioned officers have
concluded  that the Company's disclosure controls and procedures have functioned
effectively  so  as  to  provide  information  necessary  whether:

(i)  this  quarterly  report  on  Form 10 QSB contains any untrue statement of a
material fact or omits to state a material fact necessary to make the statements
made,  in  light of the circumstances under which such statements were made, not
misleading  with  respect to the period covered by this quarterly report on Form
10  QSB,  and
(ii)  the financial statements, and other financial information included in this
quarterly  report  on  Form  10 QSB, fairly present in all material respects the
financial  condition, results of operations and cash flows of the Company as of,
and  for,  the  periods  presented  in  this  quarterly  report  on Form 10 QSB.

CHANGES  IN  INTERNAL  CONTROLS

There  have been no significant changes in the Company's internal controls or in
other  factors  since the date of the Chief Executive Officer's, Chief Financial
Officer's  and  Chief  Accounting  Officer's evaluation that could significantly
affect these internal controls, including any corrective actions with regards to
significant  deficiencies  and  material  weaknesses.

Part  II  OTHER  INFORMATION

Item  1.  Legal  Proceedings
None

Item 2. Changes in Securities-Recent Sales of Unregistered Securities within the
past  3  years  as  per  Item  701  of  Regulation  S-B


The  Company made no amendments or modifications of any instruments governing or
affecting  the  rights of any security holders during the period of this report.

                                       14
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In January 2003, the Company canceled 150,100 shares held by:

Aya Takahashi-100
Tokuo Goshima-100,000
Michiaki Iwasaka-50,000

These shares were originally issued in December 2001 for marketing and technical
services. The above noted shareholders did not perform these services and at the
request of these shareholders, the Company canceled the shares in January 2003.
No  consideration  was  paid  to  these  shareholders.

The  Company  issued  the  following shares which were exempt under Regulation S
under  the  Securities  Act,  as the sales were made in offshore transactions to
non-U.S.  persons:

June  2003-20,000  shares  were  allotted  for  subsequent  issuance  to Reraise
Corporation,  private  Japanese  company  for  consideration of $99,900. To date
these  shares have not been issued due to pending documentation needed to affect
a  new  share  issuance.  As  a  result,  the  $99,900  capital  contribution is
considered  a  liability.  This transaction was previously recorded as a capital
transaction  in  error.  The Company anticipates on resolving this matter before
the  end  of  the  next  quarter  ended  September  30,  2004.


Item  3.  Defaults  upon  Senior  Securities
None

Item  4.  Submission  of  Matters  to  a  Vote  of  Securityholders
None

Item  5.  Other  Information
None

Item  6.  Exhibits

(a).  Furnish  the  Exhibits  required  by  Item  601  of  Regulation  S-B.
Exhibit  31 - Certification Pursuant To Section 302 of the Sarbanes-Oxley Act of
2002.
Exhibit  32 - Certification Pursuant To Section 906 of the Sarbanes-Oxley Act of
2002.

(b)  Reports  on  Form  8-K.
None

                                       15
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                                   SIGNATURES

In  accordance  with the requirements of the Exchange Act, the registrant caused
this  report  to  be  signed  on  its  behalf by the undersigned, thereunto duly
authorized.

                      AMANASU  TECHNOLOGIES  CORPORATION

Date: August 20, 2004

                    /s/ Masafumi Hata
                   _____________________________
                        Masafumi  Hata
                        Chief  Executive  Officer
                        Chief  Financial  Officer
                        Chief  Accounting  Officer

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