<PAGE>   1
Commission File No. 000-27421



                    U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 FORM 10-KSB/A
                                AMENDMENT N0. 1


              /X/ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934
                  For the Fiscal Year Ended: December 31, 1999


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

            For the Transition Period From __________ to __________

                     EMERGENCY FILTRATION PRODUCTIONS, INC.
     ----------------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in its Charter)

            NEVADA                                            87-0561647
-------------------------------                            ----------------
(State or other jurisdiction of                            (I.R.S. Employer
incorporation or organization)                            Identification No.)


  4335 South Industrial Road, Suite 440
           Las Vegas, Nevada                                     89103
----------------------------------------                       ----------
(Address of principal executive offices)                       (Zip code)


Issuer's telephone number: (702) 798-4541

Securities to be registered pursuant to Section 12(b) of the Act:
                                      none
Securities to be registered pursuant to Section 12(g) of the Act:

                               $.001 Common Stock
                               ------------------
                                (Title of Class)


         Check whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding  12 months (or 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 / /

         Check if disclosure of delinquent filers pursuant to Item 405 of
Regulation S-K is not contained herein, and will not be contained, to the best
of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part II of this Form 10-K or any amendments to this
Form 10-K. / /

         As of December 31, 1999, there were 7,823,765 shares of the
Registrant's Common Stock, $.001 par value, outstanding.

         The aggregate market value of shares of Common Stock held by
non-affiliates of the Registrant is $6,272,652.00.

         State the Registrant's revenues for the December 31, 1999 fiscal year:
$49,701.00.
<PAGE>   2

                                   SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the Company has duly caused this registration statement to be signed on
its behalf by the undersigned, thereunto duly authorized.

Date:  April 19, 2000                  Emergency Filtration Products, Inc.



                                       By: /s/ Michael J. Crnkovich
                                          ----------------------------------
                                           Michael J. Crnkovich
                                           President


                                       19