UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
 Washington, D. C. 20549
 
 FORM 10-QSB
 
 T
					
					QUARTERLY REPORT PURSUANT TO SECTION
					  13 OR
					  15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For
						the period ended September 30, 2006*
					
					TRANSITION REPORT UNDER SECTION 13 OR
					  15(d)
					  OF THE SECURITIES EXCHANGE Act of 1934For
						the transition period from ___ to
						___.
 
 For
        the
        transition period from ___ to ___.
 Commission
        file number: 001-31261
 AMANASU TECHNOLOGIES CORPORATION
 (Name of small business issuer as specified in its charter)
 
 NEVADA

			
			98-0351508(State
			  or other jurisdiction of incorporation)
			
			(IRS
			  EmployerIdentification
			  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 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 May 10, 2006.
 
 Transitional Small Business Disclosure Format: Yes
				O  No  X
  
  
  AMANASU
        TECHNOLOGIES CORPORATION
 QUARTERLY
        REPORT ON FORM 10QSB
 FOR
        THE
        NINE MONTHS ENDED September 30, 2006
 TABLE
        OF
        CONTENTS
 
 **PART1-FINANCIAL
                  INFORMATION**Item
                  1:
              FINANTIAL
                  STATEMENTS:Balance
                  Sheets as of September 30, 2006 (unaudited) and December 31, 2005
                  (audited)
              4Statement
                  of Operations and Deficit Accumulated for the nine months ended
                  September 30, 2006 and 2005 (unaudited)
              5Statement
                  of Operations and Deficit Accumulated for the three months ended
                  September 30, 2006 and 2005 (unaudited)
              6Statement
                  of Cash Flows for the quarters ended September 30, 2006 and
                  2005
                  (unaudited)
              7Notes
                to Financial Statements (unaudited)
              8Item
                  2:
              MANAGEMENT’S
                  DISCUSSION AND OR PLAN OF OPERAITON
              9Item
                  3:
              EFFECTIVENESS
                  OF THE REGISTRANT’S DICLOSURE CONTROLS AND PROCEDURES
              12**PART2-OTHER
                  INFORMATION**Item
                  1:
              LEGAL
                  PROCEEDINGS
              13Item
                  2:
              CHANGES
                  IN SECURITIES
              13Item
                  3:
              DEFAULTS
                  UPON SENIOR SECURITIES
              13Item
                  4:
              SUBMISSION
                  OF MATTERS TO VOTE OF SECURITY HOLDERS
              13Item
                  5:
              OTHER
                  INOFRMATION
              13Item
                  6:
              EXHIBITS
                  AND REPORTS ON FORM 8-K
              13SIGNATURES
              
              14
  2
 Table
            of Contents
 
 **PART1-FINANCIAL
        INFORMATION**
 ITEM
                1.
              FINANCIAL
                  STATEMENTS
 
 GENERAL
 
 The Company's unaudited financial statements for the three months ended September 30, 2006 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 three months ended
			September, 2006 are not necessarily indicative of the results that can be expected for the fiscal year ending
			December 31, 2006.
  3
 Table
            of Contents
  **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **BALANCE
        SHEETS**
 
 
 September 30,
                2006
                (Unaudited)
              
              December 31,
                2005
                (Audited)ASSETSCurrent
                  Assets:Cash
              
              $
              177
              
              $
              7,693Total
                  current assets
              
              
              177
              
              
              7,693Fixed
                  Assets:Automobile
              
              
              1,500
              
              
              1,500Less
                  accumulated depreciation
              
              
              1,315
              
              
              1,192Net
                  fixed assets
              
              
              185
              
              
              308Other
                  Assets:Licensing
                  agreement
              
              
              160,000
              
              
              160,000Less
                  accumulated amortization
              
              
              54,119
              
              
              47,060Total
                  other assets
              
              
              105,881
              
              
              112,940Total
                  Assets
              
              $
              106,243
              
              $
              120,941LIABILITIES
                  AND STOCKHOLDERS’ DEFICITCurrent
                  Liabilities:Advance from Affiliate
              
              $
              -
              
              $
              100,000Accrued Expenses
              
              
              -
              
              
              2,100Other Advance
              
              
              99,900
              
              
              99,900Stockholder Advance
              
              
              120,000
              
              
              -Total current liabilities
              
              
              219,900
              
              
              202,000Stockholders’
                  Deficit:Common
                  Stock: authorized 100,000,000 shares of$.001
                  par value; 46,676,400 shares issued and outstanding
              
              
              46,656
              
              
              46,656Additional
                  paid-in capital
              
              
              490,744
              
              
              490,744Deficit
                  accumulated during development stage
              
              
              (651,057
              )
              
              (618,459
              )Total
                  stockholders’ deficit
              
              
              (113,657)
              
              
              (81,059)Total
                  Liabilities and Stockholders’ Deficit
              
              $
              106,243
              
              $
              120,941
  The
        accompanying notes are an integral part of these financial
        statements.
  4
 Table
            of Contents
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF OPERATIONS AND DEFICIT**
 **ACCUMULATED
        DURING DEVELOPMENT STAGE**
 **(Unaudited)**
 
 
 Nine Months Periods Ended September 30,
              
              December
                  1, 1997
                (Date
                  of Inception)
                To
                  September 30,2006
              
              2005
              
              2006Revenue
              
              $
              -
              
              $
              -
              
              $
              91,912Expenses
              
              
              32,630
              
              
              61,093
              
              
              746,423Operating
                  loss
              
              
              (32,630
              )
              
              (61,093
              )
              
              (654,511
              )Other
                  Income - Interest
              
              
              32
              
              
              -
              
              
              3,454Loss
                  accumulated during development stage
              
              
              $
                  (32,598
              )
              
              $
                  (61,093
              )
              
              $
                  (651,057
              )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
 Table
            of Contents
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF OPERATIONS AND DEFICIT**
 **ACCUMULATED
        DURING DEVELOPMENT STAGE**
 **(Unaudited)**
 
 
 Three Months Periods Ended September 30,
              
              December
                  1, 1997
                (Date
                  of Inception)
                To
                  September 30,2006
              
              2005
              
              2006Revenue
              
              $
              -
              
              $
              -
              
              $
              91,912Expenses
              
              
              2,633
              
              
              4,213
              
              
              746,423Operating
                  loss
              
              
              (2,633
              )
              
              (4,213
              )
              
              (654,511
              )Other
                  Income - Interest
              
              
              -
              
              
              -
              
              
              3,454Loss
                  accumulated during development stage
              
              
              $
                  (2,633
              )
              
              $
                  (4,213
              )
              
              $
                  (651,057
              )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
  6
 Table
            of Contents
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **STATEMENTS
        OF CASH FLOWS**
 **(Unaudited)**
 
 Quarters Ended
                September 30
              
              December
                  1, 1997
                (Date
                  of Inception)2006
              
              2005
              
              To
                  September 30, 2006**CASH
                  FLOWS FROM OPERATIONS:**Net
                  loss
              
              $
              (32,598
              )
              $
              (61,093
              )
              $
              (651,057
              )Charges
                  not requiring the outlay of cash:Depreciation
                  and amortization
              
              
              7,182
              
              
              7,212
              
              
              55,434Common stock issued for services
              
              
              -
              
              
              -
              
              
              21,300Changes
                  in assets and liabilities:Increase (Decrease)
                   in accrued liabilities
              
              
              (2,100)
              
              
              1,050)
              
              
              -Decrease
                   in in advance from affiliate
              
              
              -
              
              
              (1,525)
              
              
              -**Net
                  Cash Consumed By****Operating
                  Activities**
              
              
              (27,516)
              
              
              (54,356
              )
              
              (574,323)**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:**Advance received
              
              
              -
              
              
              -
              
              
              99,900Issuances of common stock
              
              
              -
              
              
              -
              
              
              446,100Shareholder deposits for common stock
              
              
              -
              
              
              -
              
              
              70,000Shareholder
                  advance
              
              
              120,000
              
              
              20,000
              
              
              200,000Repayment of shareholder advances
              
              
              -
              
              
              -
              
              
              (80,000)Advances from affiliate
              
              
              100,000
              
              
              -
              
              
              200,000Repayment of advances from affiliate
              
              
              (200,000)
              
              
              -
              
              
              (200,000)**Net
                  Cash Provided By****Financing
                  Activities**
              
              
              20,000
              
              
              20,000
              
              
              736,000Net
                  Change In Cash
              
              
              (7,516
              )
              
              **(**34,356
              )
              
              -Cash
                  balance, beginning of period
              
              
              7,693
              
              
              44,560
              
              
              -Cash
                  balance, end of period
              
              $
              177
              
              $
              10,204
              
              $
              177
  These
        accompanying notes are an integral part of these financial
        statements
  7
 Table
            of Contents
 
 **AMANASU
        TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **September 30, 2006**
 **(Unaudited)**
  
 **1.**
              **BASIS
                  OF PRESENTATION**
 
 The unaudited interim financial statements of Amanasu Technologies Corporation
			("the Company") as of September 30, 2006 and for the three month and nine month
			periods ended September 30, 2006 and 2005, 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 nine month period ended
			September 30, 2006 are not necessarily indicative of the results to be expected
			for the full fiscal year ending December 31, 2006.
 
 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, 2005.
  **2.**
              **GOING CONCERN UNCERTAINTY**
 
 The accompanying financial statements have been prepared assuming that
			the Company will continue as a going concern.  As shown in the financial
			statements, the Company had a material working capital deficiency and an
			accumulated deficit at September 30, 2006, and a record of continuing losses.
			These factors raise substantial doubt about the ability of the Company
			to continue as a going concern.  The financial statements do not include
			adjustments relating to the recoverability of assets and classification
			of liabilities that might be necessary should the Company be unable to
			continue in operation.
 
 The Company's present plans, the realization of which cannot be assured,
			to overcome these difficulties include but are not limited to the continuing
			effort to investigate business acquisitions and joint ventures.
  8
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            of Contents




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, 2005.






COMPANY
	          OVERVIEW





Amanasu Technology is currently in its development stage and significant risks exist with
					respect to its business. It acquired the exclusive, worldwide
					rights to a high efficiency electric motor and a high-powered magnet both
					of which are used in conjunction with an electrical motor scooter.





The market place for electric scooters has become intensely competitive, thus offering
	  			rapid battery recharge time and more economical sale prices are prerequisites to compete successfully.
	  			To meet the economical sale price requirement the Company plan to conducted their manufacturing in China
	  			to reduce cost, and hoped it would meet the Company's expectations;  however, significant difficulty with
	  			protecting the Company's proprietary technology unwillingly emerged. In addition to proprietary issues,
	  			there were major concerns in secure customer service follow-ups (i.e. product warranty, maintenance, etc).
	  			The Company realized that with minimal control of the manufacturing standards in China, the result of safety
	  			related incidents, if not managed appropriately, would be an overwhelming liability for the Company.
	  			To solve the two major issues, the Company decided to initiate a
	  			cooperative with a company that already produces completed electric
	  			scooters in a successful marketing condition.
	  			Evader Motersports, Inc. ("Evader"), an electric motorcycle producer, entered
	  			into an International Distributor Agreement, whereby the Company is
	  			appointed as an exclusive distributor of Evader products. Evader,in turn, would manage customer-service concerns.
	  			The Company was granted the exclusive rights for the motorcycle retail industry in
	  			Japan, with the right to include other marketing channels provided that it was agreed upon by both parties.
	  			The Company also considered Evader as a prospective company to share
	  			its technology with to create improved and more advanced electric
	  			scooters. The Company believed that with a combined effort using both companies' resources and technology,
	  			the resulting product would make a stronger impact to the market.

				Further marketing research was carried out comparing current electric scooters on the market and Evader's scooters.
				The reserach concluded that further refinement in serveral areas were required. First the retail price of the Evader scooters was
				too high to be competitive in the Japanese market. The reserach also found that a new company recently began
				importing electric scooters from China to Japan directly. The quality of their product is unclear; however,
				the retail price of the new company's product effectively competes in the Japanese market. The refinements
				needed to make the Evader scooters competitive economically would take too much time, thus the Company
				has decided to discontinue business relations with Evader, and put the electric scooter project on hold
				until the Company is able to attain more resources.

				In place of the elctric scooter, other projects including a cooperative with Pixen Inc. and their breakthrough
				"Bio-scent technology" are in development. Pixen Inc. is a Pioneer in the newly developed bio-scent technology
				industry. Bio-scent technology involves the application of  "scent data transmission", a digitised form
				of scents, in various industries such as biotechnology, medical care, environment, security, etc in addition
				to common aroma therapy. Due to its revolutionary technologies, Pixen has been able to become a multi-million
				dollar company in less than 6 years and is expected to enter the Japanese public market by the end of 2006.
				Its DAA (Defensive Aromatic Air) is its current flagship product. In addition to
				being an air purifying system, Pixen's DAA effectively removes up to 91% of air pollutants such as ammonia,
				and by products of cigarette smoke. It also provides odour neutralization
				, and air-borne anti-bacterial effects. Pixen has also developed a scent-particle sensor, which is programable
				to detect certain scent particles. This sensor is 1000 times more sensitive than even a dogs sense of smell.
				This scent detection system can be applied in fields such cancer detection. All diseases carry a scent profile
				that is undetectable by the human senses. Pixen's sensor is able to detect these scent profiles and display
				the digitised scent data. Amanasu Technology and Pixen, are in discussions to Pioneer the
				"Bio-scent technology" industry in North America,  in early 2007 with Pixen investing into Amanasu Technology
				. Amanasu Technology plans to be involved in sales and marketing of Pixen's products.


9
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            of Contents





PRODUCT


Electric Motor Scooter (Amanasu Technology)





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 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, clouds of oily smoke trailing out of the engine, which
			evidences its major disadvantages, commonly identify two-stroke engines.
			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.


The Company first intentions was to participate in the emerging electric vehicle market
	        		by using its licensed technologies to design, manufacture, and market lightweight,
	        		electric motor scooters. The Company planned to provide its own battery charging
	        		technology to Evader Motorcycle, Inc. to develop an improved electric scooter aiming
	        		at the Japan and Southeast Asian markets; however, with
	        		recently marketing research, the Evader product was not able to meet the Company's pricing standards.
	        		The Company's electric scooter project will be on hold until more customer-service related resources
	        		can be attained.


Defensive Aromatic Air (Pixen)


Pixen's proprietary DAA professional aroma system is Pixen's current flagship product. The ADD realeases
					fragrant aromas from a fragrance cartridge of which a variety of scents are available. The
					noiseless system is fully automated, controlling the surroudning environments aroma
					concentration levels to ensure that the scent will not become excessive. The primary difference
					between conventional air purifiers and Pixen's DAA, is  conventional air purifiers filter air, however,
					release back harmful air pollutants that were present in the air to being with. Pixen's DAA along
					with Searoma cartridge, gives it the not only the ability to act as an air purifier, but also
					an effective odour-neurtralizer, and air-borne anti-bacterial elimination system. Currently,
					the DAA is being used in Clinics, car dealerships, restaurants, etc in Japan. The main unit dimensions are
					890 mm x 180 mm and weighs 7.4 kg (w/ cartridge ~ 8.4 kg)


Scent-Sensor (Pixen)


Canines have scent sensory perception one hundred million times greater than that of a human being.
					Research in Japan was recently carried out using a specially trained dog. This dog was able to detect
					cancerous scents from breath samples taken from cancer patients. This type of scent sensory research,
					is what has lead to Pixen's proprietary scent-sensor technology. Up till now, scent-sensors technology use
					has been limited to technologies such as the breathalizer. Pixen's scent-sensory on the other hand is able to detect
					various scent profiles at a sensitivity one thousand times greater than that of canines. The scent sensor
					detects scent particles and translates it into digitised data to be displayed. This type of sensor is able
					to detect pathenogenic scent profiles, which can be applied in various ways in the medical field, such as
					detection of diabetic ketosis, smallpox, and even early onset of cancer.






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.


10
 Table
            of Contents





The Company's plan of operations for the next 12 months was to help Evader
			refine it's electric scooter implementing Amanasu's proprietary rapid battery
			charging technology; however, due to recent marketing research Evader's
			original product did not meet the Company's standards, which the Company
			felt were required to compete successful in the Japanese, and southeast Asian markets.

			The original plan was to have Evader assume responsibility for the management of
			customer service related issues because Evader already had  such a system
			established. The Company would in turn provide it's own technologies, and assume
			responsibility of marketing Evader's product. While refinements were done,
			the Company would market Evader's original product to generate revenue.
			The Company came about two marketing channels: the first being the biggest
			dealer of used motorcycles in Japan; and the second a used automobile agent.
			Negotiations with both parties have proceeded since August 2005, and if an
			agreement could be reached, the Company would have distribution to 1500 to
			2000 retail outlets across Japan. Marketing through these channels may have
			also proved to be a good testing ground for Evader's electric scooter. On August
			26th, 2005 shipped one proto-type unit to Japan; however, the approval by
			the Japan Ministry of Land, Infrastructure, and Transport for use of the vehicle
			was rejected due to an unqualified battery structure. With the rejection,
			and the product's lack of marketability the Company has decided to put
			this project on hold until more resources can be attained or if the Company
			is able to come in contact with more a suitable Company to collaborate with.
			

			Since an unsuccessful partnership with Evader, the Company has returned back to its
			electric scooter with its patented short battery charge time. The Company has decided
			to continue research and development in order to further improve and refine the electric scooter's battery
			and also to lower the electric scooters price. The Company believes that efficient battery operation,
			and low sale price, are key to a commercially viable product. In order to generate funds for research an development
			the company is currently discussing a partnership with a "bio-scent" technology developer Pixen.
			During the second fiscal quarter ending June 30th, 2006 Amanasu Technology began discussions with Pixen inc.
			a pioneer of the newly developed "bio-scent technology" in an effort to bring this new industry into
			North America. Amanasu Technologies new business plans with Pixen will hopefully be announced by
			the end of the fourth fiscal quarter ending December 31st, 2006.





Other than the provision for alternating business planning costs discussed
      		above, the Company's cash requirements for the next 6 months are estimated
      		to be $145,000. This amount is comprised of the following estimate expenditures;
      		$100,000 in annual salaries for office personnel, office expenses and travel,
      		$10,000 for rent, $20,000 for professional fees, and $15,000 for miscellaneous
      		expenses.


11
 Table
            of Contents





As stated above, the Company  can not  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 6 months. If the Company is
			unsuccessful in raising at least $145,000, it may not be able to complete
			its plan of operations as discussed above.








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





The Company did not generate any revenues for the three months ended September
			30, 2006 or for the same period in 2005 and interest earned on bank deposits
			in 2006 period was $32.





Total expenses for the nine months period ending September 30, 2006 was $32,630
			compared to $61,093 for the same period of 2005.  The decrease was due to
			small reduction in expenses in an effort to keep company maintenance cost low
			until an agreement can be reached with Pixen Inc.








LIQUIDITY
        AND CAPITAL RESOURCES





In the nine months ended September 30, 2006 cash used in operating activities
			was $32,630 compared to $61,093 for the same period in 2005. This decrease
			was due to reduced expenses.





Total assets as of September 30, 2006 were $106,243 representing a decrease of
			$14,698 from total assets of $120,941 as of December 31, 2005.





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.








OFF-BALANCE
        SHEET ARRANGEMENTS





The
        Company has no off-balance sheet arrangements.







Item
        3:      
EFFECTIVENESS OF THE REGISTRANT’S DICLOSURE CONTROLS AND PROCEDURES


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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


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


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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:
        November 14, 2006





/s/
        Hideyuki Shiraishi





Hideyuki
        Shiraishi


Chief
        Executive Officer


Chief
        Financial Officer


Chief
        Accounting Officer




14