UNITED
        STATES
 SECURITIES
        AND EXCHANGE COMMISSION
 Washington,
        D. C. 20549
 
 FORM
        10-QSB
 
 x
              QUARTERLY
                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES
                  EXCHANGE ACT OF 1934
 
 For
        the period ended June 30, 2005
 
 o
              TRANSITION
                  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE
                  Act of 1934
 
 For
        the transition period from ___ to ___.
 Commission
        file number: 001-31261
 
 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 98104
 (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 o
 
 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 o No o
        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,
        2005.
 
 Transitional
        Small Business Disclosure Format: Yes o No x
  
 1
 AMANASU
          TECHNOLOGIES CORPORATION
 QUARTERLY
          REPORT ON FORM 10QSB
 FOR
          THE THREE MONTHS ENDED JUNE 30, 2005
 TABLE
          OF CONTENTS
 
 **PART
          1-FINANCIAL INFORMATION**
  Item
                    1: FINANCIAL
                    STATEMENTS:
                PageBalance
                    Sheets as of June 30, 2005(unaudited) and December 31, 2004
                    (audited)
                4Statement
                    of Operations and Deficit Accumulated for the six months
                    ended June 30, 2005 and 2004 (unaudited)
                5Statement
                    of Operations and Deficit Accumulated for the three months ended
                    June 30,
                    2005 and 2004 (unaudited)
                6Statement
                    of Cash Flows for the three monthsended June
                    30, 2005 and 2004 (unaudited)
                7Notes
                    to Financial Statements (unaudited)
                8Item
                    2:  MANAGEMENT’S
                    DISCUSSION AND OR PLAN OF OPERAITON
                10Item
                    3:  EFFECTIVENESS
                    OF THE REGISTRANTS DISCOSURE CONTROLS AND PROCEDURES
                13**PART
                    2-OTHER INFORMATION**Item
                    1: LEGAL
                    PROCEEDINGS
                14Item
                    2: CHANGES
                    IN SECURITIES
                14Item
                    3: DEFAULTS
                    UPON SENIOR SECURITIES
                14Item
                    4: SUBMISSION
                    OF MATTERS TO VOTE OF SECURITY HOLDERS
                14Item
                    5: OTHER
                    INOFRMATION
                14Item
                    6: EXHIBITS
                    AND REPORTS ON FORM 8-K
                14Signatures
                15




2




**PART1-FINANCIAL
        INFORMATION**
 ITEM
        1. FINANCIAL STATEMENTS
 
 GENERAL
 
 The
        Company's unaudited financial statements for the six months ended June 30,
        2005
        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 2005 are not necessarily indicative of the results that can be expected
        for
        the fiscal year ending December 31, 2005.
 
 3
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **BALANCE
        SHEETS**
 **(Unaudited)**
  June
                  30,
                2005
                (Unaudited)
              
              December
                  31,
                2004
                (Audited)ASSETSCurrent
                  Assets:Cash
              
              $
              17,768
              
              $
              44,560Total
                  current assets
              
              
              17,768
              
              
              44,560Fixed
                  Assets:Automobile
              
              
              1,500
              
              
              1,500Less
                  accumulated depreciation
              
              
              1,089
              
              
              987Net
                  fixed assets
              
              
              411
              
              
              513Other
                  Assets:Licensing
                  agreement
              
              
              160,000
              
              
              160,000Less
                  accumulated amortization
              
              
              42,354
              
              
              37,648Total
                  other assets
              
              
              117,646
              
              
              122,352Total
                  Assets
              
              $
              135,825
              
              $
              167,425LIABILITIES
                  AND STOCKHOLDERS’ EQUITYCurrent
                  Liabilities:Accrued
                  liabilities
              
              $
              6,805
              
              $
              1,525Stockholder
                  advance
              
              
              20,000Total
                  current liabilities
              
              
              26,805
              
              
              1,525Stockholders’
                  Equity:Common
                  Stock: authorized 100,000,000 shares of $.001 par value; 46,676,400
                  shares
                  issued and outstanding
              
              
              46,676
              
              
              46,676Additional
                  paid-in capital
              
              
              650,624
              
              
              650,624Deficit
                  accumulated during development stage
              
              
              (588,280
              )
              
              (531,400
              )Total
                  stockholders’ equity
              
              
              109,020
              
              
              165,900Total
                  Liabilities and Stockholders’ Equity
              
              $
              135,825
              
              $
              167,425
  The
        accompanying notes are an integral part of these financial
        statements.
  4
  **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF OPERATIONS AND DEFICIT**
 **ACCUMULATED
        DURING DEVELOPMENT STAGE**
 **(Unaudited)**
  Six
                  Month Periods Ended June 30,
              
              December
                  1, 1997
                (Date
                  of Inception)2005
              
              
              2004
              
              
              To
                  June 30, 2005Revenue
              
              $
              -
              
              $
              -
              
              $
              91,912Expenses
              
              
              56,880
              
              
              65,932
              
              
              683,614Operating
                  loss
              
              
              (56,880
              )
              
              (65,932
              )
              
              (591,702
              )Other
                  Income - Interest
              
              
              -
              
              
              38
              
              
              3,422Loss
                  accumulated during development stage
              
              $
              (56,880
              )
              $
              (65,894
              )
              $
              (588,280
              )Loss
                  Per Share -Basic
                  and Diluted
              
              $
              -
              
              $
              -Average
                  sharesoutstanding
              
              
              46,676,400
              
              
              46,676,400
  These
        accompanying notes are an integral part of these financial
        statements
 
 5
  **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF OPERATIONS AND DEFICIT**
 **ACCUMULATED
        DURING DEVELOPMENT STAGE**
 **(Unaudited)**
  Quarters
                  Ended June
                  30,
              
              December
                    1, 1997
                  (Date
                    of Inception)2005
              
              2004
              
              To
                  June 30, 2005Revenue
              
              $
              -
              
              $
              -
              
              $
              91,912Expenses
              
              
              20,725
              
              
              23,892
              
              
              683,614Operating
                  loss
              
              
              (20,725
              )
              
              (23,892
              )
              
              (591,702
              )Other
                  Income - Interest
              
              
              -
              
              
              4
              
              
              3,422Loss
                  accumulated during development stage
              
              $
              (20,725
              )
              $
              (23,888
              )
              $
              (588,280
              )Loss
                  Per Share -Basic
                  and Diluted
              
              $
              -
              
              $
              -Average
                  sharesoutstanding
              
              
              46,676,400
              
              
              46,676,400
  6
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF CASH FLOWS**
 **(Unaudited)**
 
 Quarters
                  Ended
                June
                  30,
              
              December
                  1, 1997
                (Date
                  of Inception)
                To
                  June 30, 20052005
              
              2004**CASH
                  FLOWS FROM OPERATIONS:**Net
                  loss
              
              $
              (56,880
              )
              $
              (65,894
              )
              $
              (588,280
              )Charges
                  not requiring the outlay of cash:Depreciation
                  and amortization
              
              
              4,808
              
              
              4,877
              
              
              43,443Services
                  provided for common stock
              
              
              -
              
              
              -
              
              
              21,300Changes
                  in assets and liabilities:Decrease
                  in advance from affiliate
              
              
              1,525
              
              
              -
              
              
              -Increase
                  in accrued liabilities
              
              
              6,805
              
              
              
              
              
              6,805**Net
                  Cash Consumed By****Operating
                  Activities**
              
              
              (46,792
              )
              
              (61,017
              )
              
              (516,732
              )**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
              
              
              -
              
              
              -
              
              
              616,000Shareholder
                  capital contributions
              
              
              -
              
              
              10,000
              
              
              60,000Shareholder
                  advance
              
              
              20,000
              
              
              **-**
              
              
              20,000**Net
                  Cash Provided By****Financing
                  Activities**
              
              
              20,000
              
              
              10,000
              
              
              696,000Net
                  Change In Cash
              
              
              (26,792
              )
              
              **(**51,017
              )
              
              17,768Cash
                  balance, beginning of period
              
              
              44,560
              
              
              54,985
              
              
              -Cash
                  balance, end of period
              
              $
              17,768
              
              $
              3,968
              
              $
              17,768
  These
        accompanying notes are an integral part of these financial
        statements
  7
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **June
        30, 2005**
 **(Unaudited)**
  
 **1.**
              **BASIS
                  OF PRESENTATION**
 
 The
        unaudited interim financial statements of Amanasu Technologies Corporation
        (“the
        Company”) as of June 30, 2005 and for the three month, and six month periods
        ended June 30, 2005 and 2004, have been prepared in accordance with accounting
        principles generally accepted in the United States of America. 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, 2005 are
        not
        necessarily indicative of the results to be expected for the full fiscal
        year
        ending December 31, 2005.
 
 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, 2004.
 
 
 **2.**
              **SUPPLEMENTAL
                  DISCLOSURES OF CASH FLOWS INFORMATION**
 
 There
        was no cash paid for interest or income taxes during either of the periods
        presented.
 
 There
        were no non-cash investing or financing activities during either of the periods
        presented.
 
 
 **3.**
              **RELATED
                  PARTY TRANSACTIONS**
 
 The
        wife of the president of the Company supervises the administrative activities
        of
        the Company. She was paid consulting fees for these services of $21,000 during
        each of the six month periods ended June 30, 2005 and 2004.
 
 8
  **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **June
        30, 2005**
 **(Unaudited)**
 
  **4.**
              **EXPENSES**
  The
        principal items of expense included in the statements of operations and deficit
        are presented below:
  
 Six
                  month periods Ended June 30,2005
              
              2004Consulting
              
              $
              23,280
              
              $
              23,400Professional
                  fees
              
              
              13,950
              
              
              14,605Rent
              
              
              12,446
              
              
              14,049Depreciation
                  and
                amortization
              
              
              4,808
              
              
              4,877Other
                  expenses
              
              
              2,396
              
              
              9,001Total
                  expenses
              
              $
              56,880
              
              $
              65,932




9
  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.
 
 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,
        2004.
  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 director 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 proto-type
        motor scooters and various testing of the technologies and the motor scooter.
 
 Market
        place of electric scooter has become intensely competitive. Offering shorter
        recharging time and more economical sales price are the primal keys. The
        Company
        conducted a procedure of manufacturing the product in China due to cutting
        down
        on the cost, and hoped it would work through to meet the Company’s expectation.
        However the significant issue which was difficulty of protecting the proprietary
        technology unwillingly emerged. Additionally there were some major concerns
        which were securing follow-ups, warrant and maintenance of the product due
        to
        safety and protection of incidents from the result of its deficiency, and
        handling and managing such matters perfectly is overwhelming. To solve the
        2
        major issues, the Company has come to the potential solution in connection
        with
        making a revenue and profit, which is cooperation with a company who has
        already
        produced complete product of electric scooter in successful marketing condition.
        The Company has encountered Evader Motersports, Inc. (“Evader”), an electric
        motorcycle producer, and has entered into an International Distributor Agreement
        with Evader whereby the Company is appointed as an exclusive agent for the
        products of Evader. The Company is granted the exclusive rights for the
        motorcycle retail industry or vertical markets in Japan, with the right to
        include other channels as agreed to between the parties. The Company considers
        Evader as a prospective company that the Company might share its technology
        with
        and create more improved and advanced technology of electric scooter which
        would
        make a strong impact to the market.
 
 10
 
 PRODUCT
 
 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 is planning to provide its own technology of battery charging system
        to
        Evader Motorcycle, Inc. and develop better and advanced product of electric
        scooter in cooperation. The Company aims to open the market in Japan and
        mainly
        in Southeast Asia.
 
 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 OPERATION
  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.
 
 11
  The
        Company’s plan of operations for the next 12 months is to consider providing its
        patented fast battery charging technology adopting Evader’s existing electric
        scooter and develop and improve Evader’s scooter to be competitive, rather than
        only working on the Company’s product struggling with raising capital and delay
        of its commercial production. Because, in comparison to other electric scooters,
        the electric scooter produced by Evader MotorSports, Inc. is relatively
        systemized fast battery charging time, and most of all, Evader already has
        its
        production line and establishes the after-care-service management. Cooperating
        with Evader may benefit the Company that the Company may just focus on marketing
        and sales promotion. With the possibility of adopting the Company’s proprietary
        technology of magnet system, Evader’s product can be advanced in the market. The
        Company is preparing to open the market in Japan for the next 12 months and
        then
        the countries of Southeast Asia, which may be the central market place of
        the
        improved Evader’s scooter in the future. The plan is to sell Evader’s existing
        scooters by way of trial and determine the movement of public opinion and
        demand. However Evader Motorsports, Inc. has been in a process of refinement
        of
        the existing scooters and at this time, has not been completed. Evader is
        expecting to finish the refinement and ship the improved products to Japan.
        After receiving the product, the Company will attend to the approval of the
        product by the Department of Transportation in Japan in connection with safety
        and lawful management. The sales price of the scooter will be $1,300-1,850/unit
        and sales quantity will be 2,000units. The Company will primarily invest
        $150,000 for the marketing and sales promotion of Evader’s electric scooter. The
        Company is expecting a profit of $400,000 ($200/unit (profit) X 2,000 units
        (prospective sales)) for next 12 months.
 
 The
        Company has also encountered an opportunity to consider marketing healthy
        food
        productions such as cheese, butter, salad dressing, mayonnaise, bread, beverage,
        processed with soy bean. One of the patented technologies the Company preserves
        in Japan is also a soybean production; however, for all practical purposes,
        the
        technology has not been developed to be marketable yet. In the meantime,
        the
        Company has become acquainted with Filso America, a Chicago, IL based company
        which has been expanding its distribution channels of soybean products in
        North
        America. The Company has acknowledged quality and completeness of soybean
        products processed with Filso’s proprietary technology and its advanced
        marketing structure. The Company has entered into a discussion with Filso
        on
        potential joint venture and/or investment opportunities in the future. The
        soybean products Filso presents are processed with whole soybeans which contain
        a large amount of nutrients. The Company believes that this advanced soybean
        processing technology will gain the attention of an increasing number of
        health
        conscious consumers and achieve superiority over other companies in the market.
        The Company is estimating $350,000 of investment for this project whether
        investing existing company for cooperation or establishing a new company
        which
        may be in charge of complete business operation of the soybean products.
 
 The
        Company's cash requirements for the next 12 months are estimated to be $500,000.
        This amount is comprised of the following estimate expenditures; $100,000
        in
        annual salaries for office personnel, office expenses and travel, $60,000
        for
        rent, $20,000 for professional fees, and $10,000 for miscellaneous expenses,
        and
        also product development, marketing, and funding are included.
 
 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
  ITEM
        2: MANAGEMENT'S
        DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
        OPERATIONS
 
 The
        Company did not generate any revenues for the three months ended June 30,
        2005
        or for the same period in 2004 except for interest earned in bank deposits
        in
        the amount of $ 0 and $4 respectively. The decrease was due to a term deposit
        being closed in the final quarter of 2004.
 
 Total
        expenses for the six months period ending June 30, 2005 was $56,880 compared
        to
        $65,932 for the same period of 2004. The decrease was due to small reduction
        in
        expenses of many categories.
 
 Total
        expenses for the 3 month period ending June 30, 2005 was $ 20,725 compared
        to
        $23,892 for the same period in 2004. The decrease was due to decreased
        professional fees.
 
 The
        Company is expecting to generate revenues of $400,000 from the sales of Evader’s
        products in the next 12 months. The Company intends to raise additional funds
        in
        the near future through private placements of its common stock.
 
 
 LIQUIDITY
        AND CAPITAL RESOURCES
 
 In
        the three months ended June 30, 2005 cash used in operating activities was
        $46,792 compared to $ 61,017 for the same period in 2004. This decrease was
        due
        to reduced expenses.
 
 Total
        assets as of June 30, 2005 were $135,825 representing a decrease of $31,600
        from
        total assets of $167,425 as of December 31, 2004.
 
 The
        Company intends to raise additional funds in the near future through private
        placements of its common stock. The proceeds from such private placements
        will
        be allocated for administrative salaries, office expenses and travel, product
        development and testing, and product promotion.
 
 The
        Company's ability to continue in existence is dependent upon obtaining the
        necessary $150,000 for the marketing and sales promotion of Evader’s electric
        scooter and $350,000 needed to fund working capital of either cooperation
        or
        establishing a new company which produces healthy products. The Company’s cash
        requirements for the next 12 months are estimated to be $500,000. 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.
 
 
 OFF-BALANCE
        SHEET ARRANGEMENTS
 
 The
        Company has no off-balance sheet arrangements.
 
  ITEM
        3:   EFFECTIVENESS
        OF THE REGISTRANT’S DICLOSURE CONTROLS AND PROCEDURES
 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:
 13
  (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
        IIOTHER INFORMATION**
 
 Item
        1. LEGAL PROCEEDINGS
 None
 
 Item
        2. CHANGES IN SECURITIES
 None
 
 Item
        3. DEFAULTS UPON SENIOR SECURITIES
 None
 
 Item
        4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 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
  14
  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 10, 2005
 
 /s/
        Hideyuki Shiraishi
 
 Hideyuki
        Shiraishi
 Chief
        Executive Officer
 Chief
        Financial Officer
 Chief
        Accounting Officer
  15