UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[X]     Quarterly  Report  pursuant  to  Section  13  or 15(d) of the Securities
        Exchange  Act  of  1934

     For  the  quarterly  period  ended  June  30,  2003

[ ]     Transition Report pursuant to 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 incorporation)   (IRS Employer Identification
                                                          No.)


                 701 Fifth Avenue, 36th 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)


State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of the latest practicable date:   46,656,400 shares of Common Stock
issued  and  outstanding  as  of  August  1,  2003

**Transitional  Small Business Disclosure Format (check one):  Yes [  ]   No [X]

                                        1
<PAGE>

                                Table of Contents

                                                              Page  No.

PART  I.     FINANCIAL  INFORMATION                                   3

Item  1.     Financial  Statements                                    4
             Balance  Sheet  (unaudited) (F-1)                        6
             Statement  of  Operations  (unaudited) (F-2)             7
             Statement  of  Cash  Flows  (unaudited) (F-4)            9
             Notes  to  Financial  Statements (F-5)                  10


Item  2.     Management's  Discussion  and  Analysis
             of Plan of Operations                                   11

Item  3.     Controls  and  Procedures                               19

PART  II.    OTHER  INFORMATION                                      20

Item  1.     Legal  Proceedings                                      20

Item  2.     Changes  in  Securities  and  Use  of  Proceeds         20

Item  3.     Defaults  Upon  Senior  Securities                      20

Item  4.     Submission  of  Matters  to  Vote  of
             Security  Holders                                       20

Item  5.     Other  Information                                      20

Item  6.     Exhibits  and  Reports  on  Form  8-K                   20

Signatures                                                           21

Certifications                                                       22


                                        2
<PAGE>

PART  I  FINANCIAL  INFORMATION

ITEM  1.          FINANCIAL  STATEMENTS

GENERAL

The  Company's  unaudited financial statements for the six months ended June 30,
2003  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, cash flows, and
stockholders'  equity  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 30, 2003 are not necessarily
indicative  of  the  results  that  can  be  expected for the fiscal year ending
December  31,  2003.

                                        3
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION

                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                                  JUNE 30, 2003

                                   (UNAUDITED)

                                        4
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION

                          (A DEVELOPMENT STAGE COMPANY)

                              FINANCIAL STATEMENTS

                                  JUNE 30, 2003

                                   (UNAUDITED)








                                 C O N T E N T S



                                                               Page
                                                               ----

     Balance  Sheets                                            F-1

     Statements  of  Operations  and  Deficit  Accumulated
          During  Development  Stage                            F-2

     Statements  of  Cash  Flows                                F-4

     Notes  to  Financial  Statements                           F-5

                                        5
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                                   (UNAUDITED)

<TABLE>
<CAPTION>



                                                            June 30,    December 31,
                                                              2003          2002
                                                          (Unaudited)    (Audited)


ASSETS
------
<S>                                                        <C>              <C>

Current Assets:
    Cash                                                   $ 114,910   $     208,901
                                                           ----------  --------------
             Total current assets                            114,910         208,901

Fixed Assets:
    Automobile                                                 1,500           1,500
        Less accumulated depreciation                            360              75
                                                           ----------  --------------
             Net fixed assets                                  1,140           1,425
                                                           ----------  --------------

Other Assets:
    Licensing agreement                                      160,000         160,000
        Less accumulated amortization                         23,530          18,824
                                                           ----------  --------------
             Total other assets                              136,470         141,176
                                                           ----------  --------------
Total Assets                                               $ 252,520   $     351,502
                                                           ==========  ==============

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Current Liabilities:
    Amount due for licensing agreement                     $  60,000   $      60,000
    Shareholder deposits for capital stock                         -          70,000
    Shareholder advance                                       99,900            -
                                                           ----------  --------------
             Total current liabilities                       159,900         130,000
                                                           ----------  --------------
Stockholders' Equity:
Common Stock: authorized 100,000,000 shares of
    $.001 par value; issued and outstanding - 46,656,400
    and 46,436,400, respectively.                             46,656          46,436
Additional paid-in capital                                   490,744         405,964
Deficit accumulated during development stage                (444,780)       (230,898)
                                                           ----------  --------------
             Total stockholders' equity                       92,620         221,502
                                                           ----------  --------------
Total Liabilities and Stockholders' Equity                 $ 252,520   $     351,502
                                                           ==========  ==============
</TABLE>

   The accompanying notes are an integral part of these financial statements.
                                       F-1

                                        6
<PAGE>

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

<TABLE>
<CAPTION>



                                                                December 1, 1997
                                                             (Date of Inception)
                          Six Month Periods Ended June 30,      To June 30, 2003
                            2003             2002
                         ----------------------------------    -----------------

Revenue:
<S>                              <C>          <C>                     <C>
Interest income          $       323   $    1,374               $   3,184
Expenses                     214,205       88,709                 447,964
                         --------------    ---------            -------------

Loss accumulated
during development
stage                    $  (213,882)   $ (87,335)               $(444,780)
                         ==============   ==========            =============

Loss Per Share -
    Basic and Diluted    $     -        $     -

Weighted average
number of shares
outstanding                46,614,734     46,386,400
                         ==============   ===========
</TABLE>

  These accompanying notes are an integral part of these financial statements.
                                        F-2

                                        7
<PAGE>

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

<TABLE>
<CAPTION>

                                                                December 1, 1997
                                                             (Date of Inception)
                                 Quarters Ended June 30,      To June 30, 2003
                            2003             2002
                         ----------------------------------    -----------------

Revenue:
<S>                              <C>          <C>                     <C>
Interest income          $        58   $      956               $   3,184
Expenses                      74,040       67,938                 447,964
                         --------------    ---------            -------------

Loss accumulated
during development
stage                    $   (73,982)  $  (66,982)             $(444,780)
                         ==============   ==========            =============
Loss Per Share -
    Basic and Diluted    $     -        $     -

Weighted average
number of shares
outstanding                46,436,400    46,386,400
                         ==============   ===========
</TABLE>

  These accompanying notes are an integral part of these financial statements.
                                        F-3
                                        8
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                            Six Month Periods Ended      December 1, 1997
                                                                       (Date of Inception)
                                                   June 30,                    To June 30,
                                               2003             2002           2003
                                           -------------------------     -----------------
CASH FLOWS FROM OPERATIONS:
<S>                                             <C>              <C>                  <C>
Net loss                                  $ (213,882)         $ (87,335)        $ (444,780)
Charges not requiring the outlay of cash:
    Depreciation and amortization              4,991              4,706             23,890
    Services provided for common stock        15,000                -               21,300
                                          --------------     ------------  ---------------

             NET CASH CONSUMED BY
                 OPERATING ACTIVITIES       (193,891)           (82,629)         (399,590)
                                          --------------     ------------  ---------------

CASH FLOWS FROM INVESTING
     ACTIVITIES:
Purchase of automobile                          -                   -              (1,500)
Partial payment of amount due for
     licensing agreement                        -               (100,000)        (100,000)

            NET CASH CONSUMED BY
                INVESTING ACTIVITIES            -               (100,000)        (101,500)
                                          --------------     ------------  ---------------
CASH FLOWS FROM FINANCING
     ACTIVITIES:
Issuances of common stock                       -                 50,000           516,100
Shareholder advance                            99,900                -              99,900
                                          --------------     ------------  ---------------

            NET CASH PROVIDED BY
                FINANCING ACTIVITIES           99,900             50,000          616,000
                                          --------------     ------------  ---------------
Net Change In Cash                            (93,991)          (132,629)          114,910

Cash balance, beginning of period             208,901            416,053              -

Cash balance, end of period                 $ 114,910         $  283,424         $ 114,910
                                          ===============     ============  ==============
</TABLE>

  These accompanying notes are an integral part of  these financial statements.
                                        F-4
                                        9
<PAGE>

                        AMANASU TECHNOLOGIES CORPORATION
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                                  JUNE 30, 2003
                                   (UNAUDITED)

1.     BASIS  OF  PRESENTATION

The  unaudited  interim financial statements of Amanasu Technologies Corporation
("the  Company")  as  of  June  30, 2003 and for the three and six month periods
ended  June  30,  2003 and 2002, 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 and six month period ended June 30, 2003  are not
necessarily  indicative  of  the results to be expected for the full fiscal year
ending  December  31,  2003.

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,  2002.
                                       F-5
                                       10
<PAGE>

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

Forward  Looking  Statements
----------------------------

This  report  on  Form 10-QSB contains certain forward-looking statements within
the  meaning  of section 21e of the Securities Exchange Act of 1934, as amended,
and  other  applicable securities laws.  All statements other than statements of
historical  fact  are  "forward-looking  statements"  for  the purposes of these
provisions,  including any projections of earnings, revenues, or other financial
items; any statements of the plans, strategies, and objectives of management for
future  operation; any statements concerning proposed new products, services, or
developments;  any  statements  regarding  future  economic  conditions  or
performance;  statements  of belief; and any statement of assumptions underlying
any  of  the foregoing.  Such forward-looking statements are subject to inherent
risks  and  uncertainties, and actual results could differ materially from those
anticipated  by  the  forward-looking  statements.

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, 2002.

COMPANY  OVERVIEW

Amanasu  Technologies  Corporation  (the "Company") was organized on December 1,
1997.  Its  operations  to  date  have  been limited to obtaining the exclusive,
worldwide  rights  to  a  high  efficiency  electrical  motor and a high powered
magnet.  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,  China,  Korea, and North America.

Although  the  Company  received  the  exclusive  worldwide  rights  under  the
sub-licensing  agreement,  the  technology is patented only in the United States
and  Canada.  The  magnet  technology was patented by the inventor in the United
States  in  November  1998  (Patent #: 5,840,133-filed February 7, 1997) and the
motor  technology  was  patented by the inventor in the United States in January
1999  (Patent  #:  5,861,693-filed  November 17, 1995) and in Canada in February
2001  (Patent  #:  2,164,745-filed  December 8, 1995). The patents expire in the
United  States  and  Canada 17 years and 20 years from their respective original
filing  date. The Company anticipates that it will file for patent protection in
other  countries  prior  to  any marketing efforts in such country, and no other
patents  regarding  the  technologies  are  pending  or  planned.


MARKETS  AND  PRODUCTS

The  Company's  principal  product  it  intends to market is a lightweight motor
scooter  that features the proprietary electric motor. The one passenger scooter
will  also  feature  a  stepless

                                       11
<PAGE>

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.

The  Company's  strategic  focus  for  the  next  12  months  is  to establish a
distribution  network  in  Japan,  Taiwan, China, Korea, and North America.  The
Company  will  use independent marketing representatives to identify prospective
distributors  and  other  potential users such as local and regional governments
within  designated  territories.  Formal  agreements  with  distributors will be
negotiated  with  assistance  from  the Company's officers. Wanxuan Lei, Shiyang
Lei,  and  Jufang  Zhang are the Company's independent marketing representatives
for  the  territories  of China, Korea and Taiwan, respectively. In exchange for
their  services,  the Company has issued 1,000,000 shares of its common stock to
each  party.  In  North  America,  Mr.  Maki,  a  controlling shareholder and an
independent  consultant  will lead the marketing efforts in North America.  Once
an  arrangement  is  formalized with a distributor, the marketing representative
will  make  sales directly to the distributor, subject to a commission structure
to be established by the Company. The efforts of these representatives currently
are  supported  by  the  Mr.  Maki.  However, upon receipt of sufficient working
capital funds, the Company intends to hire a Vice President of Sales who will be
located  in  the Company's Seattle office, and a regional sales manager who will
be  located  in  the  Company's Tokyo office. Once hired, the new employees will
supervise  and  support  the  efforts  of  the  marketing  representatives.

Mr. Maki, a controlling shareholder of the Company, received 2,700,000 shares of
common  stock  to  assist the Company in marketing the product in Japan, Taiwan,
China,  Korea,  and  North  America, including the governmental agencies. During
2002,  the  Company commenced its marketing activities and discussions have been
initiated  with  distributors  in  Beijing  and  Tokyo.  However,  no  formal
arrangements  have been established at this time, and the Company cannot predict
the  results  of  any  current  or  future  negotiations  with  distributors.

The  Company  estimates  that its marketing costs for the next 12 months will be
approximately  $100,000,  which  will  be  used  to  support  the efforts of its
marketing  representatives.  These  projected  expenditures  represent costs for
printed  promotional  materials,  product  demonstrations,  trade  shows  and
exhibitions  and  travel  and  entertainment.

Each distributor for the Company likely will be an existing distributor of motor
scooters,  and  will  be  granted  a  designated  territory  on  an exclusive or
non-exclusive  basis. In order to maintain exclusivity, each distributor will be
required  to purchase a minimum number of scooters annually, the amount of which
will  be  commensurate  with  the  size of the designated territory. The Company
believes  that these principal markets are attractive because of the high demand
for  motor scooters coupled with the growing worldwide effort to limit emissions
from  gas-powered  vehicles.  The  Company  will  seek to leverage its operating
advantages  to  sell  its  products  to  existing  scooter distributors in these
territories.

                                       12
<PAGE>


For  the next 12- month period, the Company expects to establish of a network of
distributors  throughout  the  remainder  of  the  Pacific  Rim  under terms and
conditions  similar  to  its  target markets of Japan, Taiwan, China, Korea, and
North  America.

Recently,  the  Company has entered into negotiations with a Mexican company for
distribution  in  Mexico  and  South  America.  At  the end of February, 2003, a
prototype  scooter was shipped to the Mexican company for testing and undergoing
testing for government regulations before marketing.  The Company has not signed
a  formal  agreement,  however,  the  Company  anticipated that once the testing
period  has  concluded  a  formal  agreement  will  be  signed.

PLAN  OF  OPERATIONS

The  Company  is  a  development  stage  corporation.  It  has not commenced its
planned  operations  of  manufacturing  and  selling  its motor scooter product.

Effective  March  10, 2000, the Company obtained the exclusive, worldwide rights
to  the  technologies, subject to the terms of the underlying license agreement,
which  was  sublicensed  from  Amanasu  Corporation.

The sublicense agreement subjects the Company to the terms and conditions of the
original  license agreement, and as a result, the Company is required to pay the
inventors  a  royalty  of  two  percent  of  the gross receipts from the sale of
products  using the technology. The term of the sublicense agreement is 30 years
from  the  date  of  the  agreement  between  the  Amanasu  Corporation  and the
inventors.  However,  if  the  Company fails to comply with any provision of the
agreement  after  a  90-day  notice  period,  the  licensors  may  terminate the
agreement.  The  Company  has valued the sublicense agreement at $160,000, which
equals  the  cash  amount  paid  by  Amanasu  Corporation  to  the  inventors.

The  Company  intends to raise $250,000 during the remainder of 2003 through the
private  placement  of  its  common  stock  and  loans  from shareholders of the
Company.  The  proceeds  of  such  private  placements and loans will be used to
continue  the development and market planning of its two products, and for other
general  working  capital  needs.

The  Company's  activities  over  the  next twelve months will be devoted to the
establishment  of  a  distribution  network  in Japan, Taiwan, China, Korea, and
North  America,  and  the  hiring  of  limited  staff  to  conduct its business.

The  Company  has  made  arrangements  with  a  scooter  company  in  Beijing to
manufacture  the  scooter.  The  Company  anticipates  that it will finalize the
formal  contract  during  late 2003.  The Beijing facility has the capability to
manufacture  20,000  to  35,000  scooters  per month under present manufacturing
conditions.  The  principal  inventor  will supply the proprietary motor magnet,
and  will  assemble  the  motor  from  the  manufactured components at his Tokyo
factory.

                                       13
<PAGE>

The  non-magnet  motor  components  will be specially manufactured in accordance
with the Company's specifications by Miyako Denki Co. and Sanwa Electronics Co.,
both  located  in  Tokyo.  The  principal inventor will also supply the battery,
which  will be manufactured in Beijing, China. All components will be shipped to
the  sub-contract  facility  in Beijing for final assembly. The Company believes
these arrangements will be sufficient to meet the Company's production needs for
the  foreseeable  future  in its initial target markets of Japan, Taiwan, China,
Korea,  and  North  America.

The  Company  has  not  entered  into  any  written  contracts with providers of
equipment  or  services  related  to the scooter. While the Company may maintain
single  sources  for the manufacture or supply of various components, other than
the  motor or the magnet, it believes that other sources for such components are
available  if  necessary. The Company will rely solely upon the inventor for the
manufacture  of  the  motor  and magnet.  However, the Company has the technical
know-how  to  manufacture these products, if necessary. The inventor will supply
the  motor,  including the magnet, and the battery at a cost equal to the actual
component  cost  plus  10%  to cover labour and overhead. The cost for all other
components  will  be  a  fixed  price  per  item.

The  Company  has  entered  into  discussions with a number of private investors
concerning the private placement of its common stock.  At this time, however, it
has  not  received  commitments  from  any  source.  Although  the  Company  is
encouraged  by  its discussions, it cannot predict whether it will be successful
in  raising  capital.

RESEARCH  AND  DEVELOPMENT

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.  Further research and development
of  the  product  is  expected  to  meet  specific  customer  needs.

CRITICAL  ACCOUNTING  POLICIES

The  following  discussion and analysis of the Company's financial condition and
results  of  operations are based upon the financial statements, which have been
prepared  in  accordance  with  accounting  principles generally accepted in the
United  States.  The  preparation  of  these  financial  statements requires the
Company  to  make  estimates  and  judgments that affect the reported amounts of
assets, liabilities, revenues and expenses, and related disclosure of contingent
assets  and  liabilities.  On  an  on-going  basis,  the  Company evaluate these
estimates.  The  Company  bases  its  estimates  on historical experience and on
various  other  assumptions  that  are  believed  to  be  reasonable  under  the
circumstances,  the  results  of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent from
other  sources.  Actual  results may differ from these estimates under different
assumptions  or  conditions.

                                       14
<PAGE>


RESULTS  OF  OPERATIONS

Total  revenues for the three month period ending June 30,2003 were $58 compared
to  $  956  for  the same period 2002.  The decrease was due to reduced interest
income  on  bank  deposits.

Total revenues for the six month period ending June 30, 2003 were $ 323 compared
to  $  1,374  for the same period in 2002.  The decrease was also due to reduced
interest  income  on  bank  deposits.

Total  expenses  for  the  three  month period ending June 30,2003 were $ 74,040
compared  to  $ 67,938 for the same period 2002.  The increase was due to higher
professional  fees  and  the  cost  of  running  the  Seattle  office.

Total  expenses  for  the  six  month period ending June 30, 2003 were $ 214,205
compared  to $ 88,709 for the same period in 2002.  The increase was also due to
significantly  higher  professional  fees  and  the  cost of running the Seattle
office.

Net loss for the three month period ending June 30,2003 was $ 73,982 compared to
$66,982  for  the  same  period  2002.  The increase was due to higher expenses.

Net loss for the six month period ending June 30, 2003 were $213,882 compared to
$87,335  for  the  same  period  in  2002.  The  increase was also due to higher
expenses.

In  the event that the Company's revenues do not increase in the next 12 months,
the  Company  plans  to  obtain  additional  private placements and loans from a
controlling  shareholder,  Atsushi  Maki.  The  Company does anticipate business
opportunities,  however,  those  opportunities  remain  uncertain  to  date.


LIQUIDITY  AND  CAPITAL  RESOURCES

The  Company believes that the liquidity and capital resources are sufficient to
support operations at the present level given that the Company recently obtained
a  personal  loan  from  Mr.  Maki  in  the  amount  of  $99,900.

In  the  six months ended June 30, 2003, cash used in operating activities was $
193,891 compared to $ 82,629 for the same period in 2002.  This increase was due
to  the  higher  costs  noted  above.

                                       15
<PAGE>

In  the six months ended June 30, 2003, no cash was used in investing activities
compared  to  $  100,000  for  the  same period in 2002.  This decrease occurred
because  $100,000  was paid for a licensing agreement in the first half of 2002,
whereas  nothing  was  spent  in  the  first  half  of  2003.

There  was  no  cash  used  for  financing activities in either the 2003 or 2002
periods.  However,  $50,000  was raised through the sale of capital stock in the
2002 period and the principal shareholder of the Company advanced $99,900 in the
2003  period.  Each  of  these  receipts provided for the financing needs of the
Company.

The  Company will require a minimum of $250,000 to satisfy its cash requirements
for the next twelve months.  If the Company is successful in raising this money,
it  will  commence  production  and  marketing  of units of its electrical motor
scooter  and  electric  bicycles  to  prospective customers.  The Company cannot
predict  whether  it  will be successful in its capital raising efforts.  If the
Company  is  not  successful in raising $250,000, it may not be able to complete
its  plan  of  operations.

FACTORS  THAT  MAY  AFFECT  FUTURE  RESULTS  OF  OPERATIONS

The  Company  was  formed in 1997 and since then, the Company has raised initial
capital, developed a business plan and commenced marketing efforts and initiated
contracts  to  obtain  technology  relating  to the development of the Company's
product.  As  a  result, the Company has a limited operating history on which to
evaluate  its  proposed business and prospects.  The Company's prospects must be
considered  in  light  of  the  risks, uncertainties and difficulties frequently
encountered  by  companies  in  their  early stages of development.  The Company
cannot  guarantee  that  it  will  be  successful in accomplishing the Company's
objectives.  The  Company's  risk  factors  include  and  are not limited to the
following:

THE  COMPANY  EXPECTS  TO CONTINUE TO HAVE BOTH OPERATING AND NET LOSSES FOR THE
FORESEEABLE  FUTURE

Until  the  Company can obtain the necessary capital to begin full production of
its  products, the Company does not expect to realize a net profit.  The Company
does  anticipate  business  opportunities,  however  those  opportunities remain
uncertain  to date.  Until those opportunities materialize, the Company does not
expect  to  begin  production  of the Company's products.  However, research and
development  and  marketing  efforts are still in progress in hopes of bettering
the  Company's  product  and  attracting  potential  customers.

THE  COMPANY  HAS  RAISED  LIMITED CAPITAL THIS QUARTER AND WILL NEED ADDITIONAL
CAPITAL  TO  MAINTAIN  CURRENT  LEVELS  OF  OPERATION

This quarter, the Company has not raised capital by selling the Company's common
stock.  The Company's working capital needs are currently being funded by a loan
from  a  controlling  shareholder, Atsushi Maki.  The Company will need to raise
additional  funds,  either  in  the  form of equity and debt to maintain current
levels  of  operation, which, include research and development, and marketing of
the  Company's  products.

                                       16
<PAGE>

OWNERSHIP  OF  THE  COMPANY'S  COMMON  STOCK IS CONCENTRATED AMONG THE COMPANY'S
PRINCIPAL  SHAREHOLDERS,  WHO CAN CONTROL ALL SIGNIFICANT CORPORATE TRANSACTIONS

The  Company's  principal shareholders beneficially own approximately 87% of its
outstanding  common stock.  As a result, these shareholders can exercise control
over  all  matters  requiring  shareholder  approval,  including the election of
directors  and  approval  of  significant  corporate  transactions.  This
concentration  of  ownership  may  have  the  effect of delaying or preventing a
change  in  control  of  the  Company.

THE  COMPANY'S  ABILITY  TO MAINTAIN CURRENT LEVELS OF PRODUCTION DEPENDS ON THE
COMPANY'S  ABILITY  TO  RETAIN  KEY  PERSONNEL

The  Company's current and future success will depend to a significant extent on
the  continued  service  of  Mr.  Maki.  The  loss of Mr. Maki would have a
significantly  detrimental effect on the Company business.  The Company does not
have  employment  contracts  with  Mr. Maki and does not maintain life insurance
policies  for  any  of  the  Company's  officers  or  directors  or  controlling
shareholders.

At  the  present,  the  Company  employs  one full time employee.  The Company's
success  will  depend, in part, upon the ability to attract and retain qualified
employees.  The  Company  believes  that  it  will  be able to attract competent
employees  and  consultants, but no assurance can be given that the Company will
be  successful  in this regard.  If the Company were unable to engage and retain
the necessary personnel, the Company would be materially and adversely affected.

THE  COMPANY'S  ABILITY  TO  DEVELOP  AN  ECONOMICALLY  FEASIBLE  PRODUCT

The  Company  has  no assurance at this time that a commercially feasible design
will  ever  be  perfected,  or  if  it  is,  that it will become profitable. The
Company's  profitability  and survival will depend upon the Company's ability to
develop  a  technically and commercially feasible scooter which will be accepted
by  end  users.  The  scooter  which  the  Company  is  developing  must  be
technologically  superior  or  at  least  equal  to  other similar products that
competitors  offer  and  must  have  a  competitive  price/performance  ratio to
adequately  penetrate  its  potential  markets.  If  the  Company is not able to
achieve  this  condition  or  if  the  Company  does  not remain technologically
competitive,  the  Company may be unprofitable and the Company's investors could
lose  their  entire  investment.  There  can be no assurance that the Company or
potential  licensees  will  be able to achieve and maintain end user acceptance.

                                       17
<PAGE>

THE  COMPANY'S  DEPENDENCE  ON  CONSULTANTS AND OUTSIDE MANUFACTURING FACILITIES

Since  the  Company's  present  plans do not provide for a significant technical
staff  or  the  establishment  of  manufacturing facilities, the Company will be
primarily  dependent  on  others  to  perform these functions and to provide the
requisite  expertise  and  quality  control.  There  is  no  assurance that such
persons  or institutions will be available when needed at affordable prices.  It
will  likely  cost  more  to  have  independent  companies  do  research  and
manufacturing  than  for  the  Company  to  handle  these  resources.

THE  COMPANY  IS  SUBJECT  TO  A  HIGHLY  COMPETITIVE  INDUSTRY

Generally,  the  scooter  industry  is  highly  competitive.  This  industry  is
populated  by  many  national  or  international  companies,  with significantly
greater  resources  than  that  of  the  Company. There is no assurance that the
Company  will  be  successful  in meeting or overcoming the Company's current or
future  competition.

THE  COMPANY  IS  DEPENDENT  ON  ITS  PROTECTION  OF  ITS  INTELLECTUAL PROPERTY

The  Company  depends  on  the  protection  of its intellectual property and may
suffer if the Company is unable to adequately protect its intellectual property.
Currently,  the  Company has been granted three patents in the United States and
Canada  for the proprietary motor and magnet technologies, which expire on dates
ranging  between  2015  and  2017. The Company cannot provide assurance that the
Company's  patents will not be invalidated, circumvented or challenged, that the
rights granted under the patents will give the Company competitive advantages or
that  the  Company's  patent  applications  will  be  granted.

THE  COMPANY  IS  SUBJECT  TO RAPID TECHNOLOGICAL CHANGE, WHICH COULD RENDER THE
COMPANY'S  PRODUCTS  AND  SERVICES  OBSOLETE

The  market  for  the  scooters is characterized by rapidly changing technology,
evolving  industry  standards and changing customer demands. Accordingly, if the
Company  is  unable  to  adapt to rapidly changing technologies and to adapt its
products  to  evolving  industry  standards,  the  Company's  business  will  be
adversely  affected.

CURRENTLY  THERE  IS  NO  ACTIVE  TRADING  MARKET FOR THE COMPANY'S COMMON STOCK
MAKING  IT  DIFFICULT  FOR  SHAREHOLDERS  TO  SELL  THE  COMPANY'S  COMMON STOCK

At  present,  there is no public market for the Company's Common Stock and there
is  no  assurance  that  the  Company  will  list  on any exchange or market for
trading. However, the Company is currently in the process of obtaining a trading
symbol  through  the  OTC  Bulletin  Board  Exchange.  The Company expects to be
listed  on  this  exchange  in  the  next  6  months.

                                       18
<PAGE>

THE  COMPANY  MAY  NOT  BE  ABLE  TO  PAY  DIVIDENDS TO THE SHAREHOLDERS FOR THE
FORESEEABLE  FUTURE

The  Company  has  not  paid  dividends on the Company's Common Stock and do not
anticipate  paying  dividends  on  Common  Stock  in  the  foreseeable  future.

OTHER  RISKS

The  Company's  areas  of  business  may  be  affected from time to time by such
matters  as  changes  in  general  economic  conditions,  changes  in  laws  and
regulations,  taxes,  tax laws, prices and costs, and other factors of a general
nature  which  may  have  an  adverse  effect  on  its  business.

ITEM  3.      CONTROLS  AND  PROCEDURES

(a)  EVALUATION  OF  DISCLOSURE CONTROLS AND PROCEDURES. Based on the evaluation
     of  the  Company's  disclosure controls and procedures (as defined in Rules
     13a-14(c)  and 15d-14(c) under the Securities Exchange Act of 1934) as of a
     date  within  90  days  of the filing date of this Quarterly Report on Form
     10-QSB,  the  Company's Chief Executive Officer and Chief Financial Officer
     has  concluded  that  the  Company's disclosure controls and procedures are
     designed  to ensure that the information the Companyis required to disclose
     in  the  reports,  the  Company  files or submits under the Exchange Act is
     recorded,  processed,  summarized  and  reported  within  the  time periods
     specified  in  the  SEC's rules and forms and are operating in an effective
     manner.

(b)  CHANGES  IN  INTERNAL  CONTROLS.  There  were no significant changes in the
     Company's  internal  controls  or in other factors that could significantly
     affect  these  controls  subsequent  to  the  date  of  their  most  recent
     evaluation.

                                       19
<PAGE>

PART  II  -  OTHER  INFORMATION

Item  1.     Legal  Proceedings

             The  Company is not a party to any legal proceedings at this time
             or  during  the  period  of  this  report.

Item  2.     Changes  in  Securities  and  Use  of  Proceeds

             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.  Furthermore, the
             Company  has  not  issued  any  common  stock  this  quarter.

Item  3.     Defaults  Upon  Senior  Securities:

             There  were no defaults in the payment of any indebtedness during
             the  period  of  this  report.

Item  4.     Submission  of  Matters  to  a  Vote  of  Security  Holders:

             No  matters  were  submitted to a vote of security holders during
             the  period  of  this  report.

Item  5.     Other  Information:

             None

Item  6.     Exhibits  and  Reports  on  Form  8K

     (a)     Exhibits

     99.1    Certification  of  Masafumi  Hata, Chairman, President
             (Principal Executive Officer),  and  Chief  Financial
             Officer  (Principal  Financial  Officer) pursuant  to
             18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
             the  Sarbanes-Oxley  Act  of  2002

(b)          Reports  on  Form  8-K

(i)          On  May  21, 2003, the Company filed a report on Form 8-K wherein
             the  Company reported the resignation of Charlie Lan as Chairman,
             President,  Chief  Financial  Officer,  Director,  Secretary  and
             Treasurer  and  appointing  Masafumi  Hata  to  fill  the  vacant
             positions.

                                       20
<PAGE>

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


By:  /s/  Masafumi  Hata

Masafumi  Hata,  Chairman,  President,
Chief  Financial  Officer  and  Director

Dated:  August  11,  2003

                                       21
<PAGE>

                             CERTICATION PURSUANT TO
                 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Quarterly Report of AMANASU TECHNOLOGIES CORPORATION (the
"Company")  on Form 10-QSB for the period ending June 30, 2003 as filed with the
Securities  and  Exchange  Commission  on  the  date  hereof  (the "Report"), I,
Masafumi  Hata,  President  and Chief Financial Officer of the Company, certify,
pursuant  to  18  U.S.C.  ss.  1350,  as  adopted  pursuant  to  ss.  906 of the
Sarbanes-Oxley  Act  of  2002,  that:


1.   I  have  reviewed  this  quarterly  report  on  Form  10-QSB  of  Amanasu
     Technologies  Corporation;

2.   Based  on  my  knowledge, this quarterly report does not contain any untrue
     statement  of a material fact or omit 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;

3.   Based  on  my  knowledge,  the  financial  statements,  and other financial
     information  included  in  this  quarterly  report,  fairly  present in all
     material  respects  the financial condition, results of operations and cash
     flows  of  the  registrant  as  of,  and for, the periods presented in this
     quarterly  report;

4.   The  registrant's  other  certifying  officers  and  I  are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in  Exchange  Act  Rules  13a-14  and  15d-14) for the registrant and have:

     a)   designed  such  disclosure  controls  and  procedures  to  ensure that
          material  information  relating  to  the  registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

     b)   evaluated  the  effectiveness  of the registrant's disclosure controls
          and procedures as of a date within 90 days prior to the filing date of
          this  quarterly  report  (the  "Evaluation  Date");  and

     c)   presented  in  this  quarterly  report  my  conclusions  about  the
          effectiveness  of  the disclosure controls and procedures based on the
          Company's  evaluation  as  of  the  Evaluation  Date;

5.   The  registrant's  other certifying officers and I have disclosed, based on
     the  Company's most recent evaluation, to the registrant's auditors and the
     audit  committee  of registrant's board of directors (or persons performing
     the  equivalent  functions):

     a)   all  significant  deficiencies  in the design or operation of internal
          controls  which  could  adversely  affect  the registrant's ability to
          record,  process,  summarize  and  report  financial  data  and  have
          identified  for  the  registrant's auditors any material weaknesses in
          internal  controls;  and

                                       22
<PAGE>

     b)   any  fraud, whether or not material, that involves management or other
          employees  who  have  a  significant role in the registrant's internal
          controls;  and

6.   The  registrant's  other  certifying  officers and I have indicated in this
     quarterly  report whether or not there were significant changes in internal
     controls  or  in  other  factors  that  could significantly affect internal
     controls  subsequent  to  the date of the Company's most recent evaluation,
     including  any  corrective  actions with regard to significant deficiencies
     and  material  weaknesses.

Date:  August  11,  2003

     /s/  Masafumi  Hata
     -------------------
     Masafumi  Hata
     Chairman,  President  and  Chief  Financial  Officer
     (Principal  Executive  Officer)
     (Principal  Financial  Officer)