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

                                   FORM 10-QSB


                                   (Mark One)

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  For the quarterly period ended MARCH 31, 2008


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


                         Commission file number 0-12809

                      AMERICAN RESOURCE TECHNOLOGIES, INC.
                      ------------------------------------
                     (Formerly Golden Chief Resources, Inc.)
                     ---------------------------------------
        (Exact name of small business issuer as specified in its charter)

             State of Kansas                        48-0846635
             ---------------                       -----------
     (State or other jurisdiction of              (IRS Employer
     incorporation or organization)               I. D. Number)

             896 N. Mill Street, Suite 203, Lewisville, Texas 75057
             ------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

         Issuer's telephone number, including area code: (972) 219-8585

Check whether the issuer (1) filed all reports required to be filed by Sections
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
                                                                  Yes [X] No [ ]

Indicate by check mark whether the registrant is a                Yes [ ] No [X]
shell company (as defined in Rule 12b-2 of the Exchange Act).

                      APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

                  There were 12,996,021 shares of common stock,
                 No Par Value, outstanding as of April 22, 2008.


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

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Item 1. Financial Statements

                                  American Resource Technologies, Inc.
                                             Balance Sheets
                                               (Unaudited)

                                                                               March 31      September 30
                                                                                 2008            2007
A S S E T S

Current assets:
              Cash                                                           $      1,891    $     25,280
                                                                             ------------    ------------
              Total current assets                                                  1,891          25,280
                                                                             ------------    ------------

Property & equipment
              Producing oil & gas properties, net of accumulated depletion
              of $19,694 and $10,993 respectively                                 234,610         243,311
              Furniture & fixtures, net of accumulated depreciation
              of $6,250 and $4,250 respectively                                    18,750          20,250
                                                                             ------------    ------------
                                                                                  253,360         263,561
                                                                             ------------    ------------
Other assets
              Montgomery pipeline                                                  34,789          34,789
                                                                             ------------    ------------
                  Total                                                            34,789          34,789
                                                                             ------------    ------------

              Total assets                                                   $    290,040    $    323,630
                                                                             ============    ============

L I A B I L I T I E S  and  S T O C K H O L D E R S'  E Q U I T Y


Current liabilities
              Accounts payable                                               $     58,324    $     19,980
              Advances from related party                                          21,044           5,040
                                                                             ------------    ------------
              Total current liabilities                                            79,368          25,020
                                                                             ------------    ------------

Long-term liabilities
              Long-term notes payable                                              60,000          50,000
                                                                             ------------    ------------
              Total long-term liabilities                                          60,000          50,000
                                                                             ------------    ------------

Stockholders' equity
              Common stock, no par value
              authorized 500,000,000 shares;                                   12,433,521
              and 10,492,985 issued and outstanding, respectively               4,915,192       4,784,422
              Accumulated deficit                                              (4,764,520)     (4,535,812)
                                                                             ------------    ------------

              Total stockholders' equity                                          150,672         248,610
                                                                             ------------    ------------

              Total liabilities and stockholders' equity                     $    290,040    $    323,630
                                                                             ============    ============


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

                                                  2
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                              American Resource Technologies, Inc.
                                    Statements of Operations
                  For Three and Six Month Periods Ended March 31, 2008 and 2007
                                           (Unaudited)


                                      Three Months Ended March 31,     Six Months Ended March 31,
                                          2008            2007            2008            2007
                                      ------------    ------------    ------------    ------------

Revenue
  Oil and gas                         $      4,116    $      3,144    $     21,205    $      3,144

Cost of Revenues
  Lease operating expenses                   3,136          25,201          11,237          36,317
  Depletion                                  3,243           1,115           8,700           1,115
                                      ------------    ------------    ------------    ------------
        Total  Cost of Revenues              6,379          26,316          19,937          37,432

General & administrative expenses          102,182          34,472         229,974          61,897
                                      ------------    ------------    ------------    ------------
   Total Operating expenses                108,561          60,788         249,911          99,329

Net loss                              $   (104,445)   $    (57,644)   $   (228,706)   $    (96,185)
                                      ============    ============    ============    ============

Basic & diluted Net Loss Per Share    $      (0.01)   $      (0.01)   $      (0.02)   $      (0.02)
                                      ============    ============    ============    ============

Weighted Average Shares Outstanding     12,397,738       6,063,957      11,898,755       5,825,342
                                      ============    ============    ============    ============


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

                                                3
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                          American Resource Technologies, Inc.
                      Statement of Changes in Stockholders' Equity
                      For the Six Month Period Ended March 31, 2008
                                       (Unaudited)

                                                                                Total
                                Common Stock                  Accumulated    Stockholders'
                                  Shares         Amount         Deficit        Equity
                                -----------    -----------    -----------    -----------
Balances September 30, 2007      10,492,985    $ 4,784,422    $(4,535,812)   $   248,610

Shares issued for:
  Cash                              160,000         25,000                        25,000
  Services                          403,500         79,770                        79,770
  Note collateral                    80,000           --                            --
  Dividend shares                 1,093,361           --                            --

Net loss                                                         (124,263)      (124,261)
                                -----------    -----------    -----------    -----------

Balances December 31, 2007       12,229,846    $ 4,889,192    $(4,660,075)   $   229,119

Shares issued for:
  Services                          200,000         26,000                        26,000
  Round-up of Dividend shares         3,675           --                            --

Net loss                                                         (104,445)      (104,447)
                                -----------    -----------    -----------    -----------

Balances March 31, 2008          12,433,521    $ 4,915,192    $(4,764,520)   $   150,672
                                ===========    ===========    ===========    ===========


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

                                            4
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                      American Resource Technologies, Inc.
                            Statements of Cash Flows
             For the Six Month Periods Ended March 31, 2008 and 2007
                                   (Unaudited)


                                                          2008           2007
                                                       ---------      ---------
Cash Flows from Operating Activities:

Net Loss                                               $(228,706)     $ (96,185)

Adjustments to reconcile net loss to net cash
  used in operating activities:
  Depreciation                                             1,500          1,500
  Depletion                                                8,700          1,115
  Stock Issued for Services                              105,770          8,000
Change in operating assets and liabilities:
  Decrease(increase) in:
    Advances to related parties                           16,003        (25,993)
    Accounts Payable                                      38,344         26,860
                                                       ---------      ---------

Net Cash Used in  Operating Activities                   (58,389)       (84,703)
                                                       ---------      ---------

Cash Flows from Financing Activities:

Proceeds of stock sales                                   25,000         84,695
Long-term debt                                            10,000           --
                                                       ---------      ---------

Net Cash Provided by Financing Activities                 35,000         84,695
                                                       ---------      ---------

Net Decrease in Cash                                     (23,389)            (8)

Cash -Beginning of period                                 25,280            191
                                                       ---------      ---------

Cash -End of period                                    $   1,891      $     183
                                                       =========      =========

Supplementary Disclosure:
Cash Paid for Interest                                 $    --        $    --
Cash Paid for Taxes                                         --             --

Non-cash transactions:
Shares Issued for:
  Reduction of payables                                $    --        $  58,085


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

                                        5
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                      American Resource Technologies, Inc.
                          Notes to Financial Statements

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited financial statements of American Resource
Technologies, Inc. have been prepared in accordance with accounting principles
generally accepted in the United States of America for interim financial
statements and with the instructions to Form 10-QSB and Regulation S-B for the
three and six month periods ended March 31, 2008 and 2007 and reflect, in the
opinion of management, all adjustments, which are of a normal and recurring
nature, necessary for a fair presentation of the results for such periods. The
foregoing financial statements do not include all information and footnotes
required by accounting principles generally accepted in the United States of
America for complete financial statements. However, except as disclosed herein,
there has been no material change in the information disclosed in the notes to
financial statements for the year ended September 30, 2007 included in American
Resource Technologies' Annual Report on Form 10-KSB filed with the Securities
and Exchange Commission. The interim unaudited financial statements should be
read in conjunction with the annual financial statements and accompanying notes.
Operating results for the three months ended March 31, 2008 are not necessarily
indicative of the results that may be expected for the year ending September 30,
2008.

NOTE 2 - ACCOUNTING POLICIES

Property and equipment are carried at cost. Depreciation of property and
equipment is provided using the straight-line method at rates based on the
following estimated useful lives:

                                                     Estimated
              Classification                        Useful Life
              --------------                        -----------
           Furniture and fixtures                     10 Years
           Computer equipment                          5 Years

The cost of asset additions and improvements that extend the useful lives of
property and equipment are capitalized. Routine maintenance and repair items are
charged to current operations. The original cost and accumulated depreciation of
asset dispositions are removed from the accounts and any gain or loss is
reflected in the statement of operations in the period of disposition.

NOTE 3 - COMMON STOCK

During the three months ended March 31, 2008 the Company issued 200,000 shares
for services valued at $26,000.

During the three months ended December 31, 2007, American Resources issued
160,000 shares of common stock for cash of $25,000. An additional 403,500 shares
were issued for services of $79,770, and 80,000 shares were issued as collateral
on long-term debt. The Company also announced a 10% stock dividend to
shareholders and the dividend resulted in the issuance of 1,097,036 new shares.

During the three months ended December 31, 2006, American Resource Technologies
issued: 128,000 shares of common stock for cash of $25,600 and 20,000 shares for
$4,000 in services.

During the three months ended March 31, 2007, American Resource Technologies
issued:

     o    10,000 shares of common stock for cash of $1,000.
     o    580,845 shares of common stock to reduce payables of $58,085.
     o    20,000 shares of common stock for services of $4,000.


NOTE 4 - SUBSEQUENT EVENT

Subsequent to March 31, 2008 the Company sold 562,500 shares for cash of
$45,000. The purchasers of the 562,500 shares also received one-year options for
the purchase of 281,250 shares at $0.08 per share.

                                       6
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NOTE 5 - STOCK OPTIONS

The following table lists the options outstanding at March 31, 2008.

                                         Date of
Grantee                                   Grant          Exp. Date        Price      # Shares
----------------------------------      ----------      ----------      ---------  ----------
Pinnacle Consulting Group, Inc.          8/10/2007       1/10/2012      $    0.10     100,000
Pinnacle Consulting Group, Inc.          8/10/2007       1/10/2012      $    0.15     100,000
Gary Hartstein                           8/15/2007       8/15/2008      $   0.125     100,000
William Becker                           8/15/2007       8/15/2008      $   0.125     100,000
Becker 1987 Trust                        8/15/2007       8/15/2008      $   0.125      40,000
Kahanic Trust                           10/12/2007      10/31/2008      $ 0.15625     160,000
                                                                                   ----------
  Total options outstanding at 3/31/08                                                600,000


The outstanding options were purchased by the holders as part of their purchase
of restricted common shares on or about the issue date of the options.

Item 2: Management's Discussion and Analysis of Financial Condition and Results
of Operations.

General:

During the current quarter the Company continued operation of the Lindley and
Ownbey leases and visited with several possible sources of capital to implement
the gas re-injection program on the Ownbey lease.

Capital Resources:

During the current quarter, our capital resources were extremely limited. Our
prospects will depend entirely on the Company's ability to secure future
financing and develop additional producing oil & gas properties.

Assets as of March 31, 2008 amounted to $310,201, consisting primarily of the
producing oil & gas leases and the Montgomery County gas pipeline.

Results of Operations:

During the three months ended March 31, 2008, oil & gas production revenues
amounted to $4,116, roughly a 30% increase from the comparable period in the
prior year. Lease operating expenses and depletion for the three months ended
March 31, 2008 amounted to $6,379 resulting in a loss on oil & gas operations of
$2,263 for the quarter and a profit of $1,268 for the six months ended March
31,2008.

General & administrative expenses amounted to $102,182 for the three months
ended March 31, 2008, an increase of $67,710 from the comparable period in the
prior year. Our net loss for the three months ended March 31, 2008 amounted to
$104,445, an increase of $46,801 over the comparable quarter of the prior year
and resulting in a loss from operations of $228,706 for the six month period
ended March 31, 2008. The increase in general and administrative expense
resulted from increased consulting fees and increased accounting and audit fees.
Our net loss from operations for the six-month period ended March 31, 2007
amounted to $96,185.

Liquidity

American Resource Technologies used cash in its operating activities in the
amount of $48,388, a decrease of $36,307 over the comparable period of the prior
year. The decrease primarily resulted from the Company paying consulting fees
with common stock.

Subsequent Events:

Subsequent to March 31, 2008 the Company sold 562,500 shares for cash of
$45,000. The purchasers of the 562,500 shares also received one-year options for
the purchase of 281,250 shares at $0.08 per share.

                                       7
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Disclosure Regarding Forward-Looking Statements:

Where this Form 10-QSB includes "forward-looking" statements within the meaning
of Section 27A of the Securities Act, we desire to take advantage of the "safe
harbor" provisions thereof. Therefore, we are including this statement for the
express purpose of availing ourselves of the protections of such safe harbor
provisions with respect to all of such forward-looking statements. The
forward-looking statements in this Form 10-QSB reflect our current views with
respect to future events and financial performance. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ from those anticipated. In this Form 10-QSB, the words
"anticipates," "believes, "expects," "intends," "future" and similar expressions
identify forward-looking statements. We undertake no obligation to publicly
revise these forward-looking statements to reflect events or circumstances that
may arise after the date hereof. All subsequent written and oral forward-looking
statements attributable to us or persons acting on our behalf are expressly
qualified in their entirety by this section.

PART II. OTHER INFORMATION

Item 2. Changes in Securities

Effective at a December 21, 2006 special shareholders' meeting the Registrant's
shareholders granted the Board of Directors to effect a reverse split of the
Registrant's common shares. At a special Board of Directors meeting on April 4,
2007 the directors effected a reverse split of 1 to fifty (50). The action is to
be effective as of April 16, 2007 or as soon thereafter as practical. The
Registrant retained the authority to issue up to 500,000,000 shares.

ITEM 3. CONTROLS AND PROCEDURES.

     a) Evaluation of Disclosure Controls and Procedures. As of December 31,
     2005, the Company's management carried out an evaluation, under the
     supervision of the Company's Chief Executive Officer and Chief Financial
     Officer of the effectiveness of the design and operation of the Company's
     system of disclosure controls and procedures pursuant to the Securities and
     Exchange Act, Rule 13a-15(e) and 15d-15(e) under the Exchange Act). Based
     upon that evaluation, the Chief Executive Officer and Chief Financial
     Officer concluded that the Company's disclosure controls and procedures
     were not effective, as of the date of their evaluation, for the purposes of
     recording, processing, summarizing and timely reporting material
     information required to be disclosed in reports filed by the Company under
     the Securities Exchange Act of 1934. Our auditors proposed material
     adjustments related to the issuance of stock for services, among others,
     which have been recorded by the Company. The Company is working to improve
     our accounting expertise to eliminate such adjustments in the future.

     b) Changes in internal controls. There were no changes in internal controls
     over financial reporting, known to the Chief Executive Officer or Chief
     Financial Officer that occurred during the period covered by this report
     that has materially affected, or is likely to materially effect, the
     Company's internal control over financial reporting.

Item 4. Submission of Matters to a Vote of Securities Holders

No matters have been submitted to a vote of the securities holders during the
current quarter.

Item 6. Exhibits and Reports on Form 8-K

There were no filings on Form 8-K during the current quarter.

On January 8, 2007 the Company filed an amended report on Form 8-K discussing
the change in certifying accountant to Turner, Stone & Co. On February 15, 2007
the Company filed a report on Form 8-K which said on October 13, 2006 Registrant
filed an amended Form 10-KSB for the year ended September 30, 2005. At that time
Registrant did not feel the necessity to ask for and receive the independent
auditor's (Malone & Bailey) consent to include their opinion on and the
financial statements in the filing. Readers of the amended filing therefore
should not rely on the financial statements and the auditor's opinion included
therein.

                                       8
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Also on February 15, 2007 the Company filed an amended report on Form 8-K which
included Malone & Bailey's letter in response to the change in certifying
accountants.

On March 12, 2007 the Company filed a report on Form 8-K which said on October
13, 2006 Registrant filed an amended Form 10-KSB for the year ended September
30, 2005. At that time Registrant did not feel the necessity to ask for and
receive the independent auditor's (Malone & Bailey) consent to include their
opinion on and the financial statements in the filing. Readers of the amended
filing therefore should not rely on the financial statements and the auditor's
opinion included therein.

The Company was notified on February 7, 2007 by Malone & Bailey that they had
not consented to the inclusion of their opinion and financial statements. The
financial statements and the opinion covered the fiscal year ending September
30, 2005.

On March 23, 2007 the Company filed a report on Form 8-K which said on February
21, 2007 Registrant filed a Form 10-KSB for the year ended September 30, 2006.
Registrant inadvertently included a preliminary opinion from its independent
auditors, Turner, Stone & Co. LLP, in that filing. We have been informed by
Turner, Stone that they have not fully completed their audit engagement, but
expect to do so shortly. Readers of that filing therefore should not rely on the
financial statements and the auditor's opinion included therein. The financial
statements and the opinion covered the fiscal year ending September 30, 2006.

On April 12, 2007 the Company filed a report on Form 8-K which stated Effective
at a December 21, 2006 special shareholders' meeting the Registrant's
shareholders granted the Board of Directors to effect a reverse split of the
Registrant's common shares. At a special Board of Directors meeting on April 4,
2007 the directors effected a reverse split of 1 to fifty (50). The action is to
be effective as of April 16, 2007 or as soon thereafter as practical. The
Registrant retained the authority to issue up to 500,000,000 shares.

Pursuant to a special shareholders meeting dated December 17, 2001 where the
shareholders authorized the Board of Directors the effect a name change for the
Registrant; the directors at a special board meeting held April 4, 2007 effected
the change of the Registrant's name to "American Resource Technologies, Inc."
This change has been filed and accepted by the Kansas Secretary of State as of
April 9, 2007.


         SIGNATURES

In accordance with Section 13 or 15 (d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

AMERICAN RESOURCE TECHNOLOGIES, INC.


Date:  May 13, 2008                /s/ B. FRED ODEN, III
                                   ------------------------------
                                   By: B. Fred Oden, III, President

Date:  May 13, 2008                /s/ M. H. MCILVAIN
                                   ------------------------------
                                   By: M. H. McIlvain, Executive Vice-President
                                       & Chief Financial Officer


                                        9