SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-KSB ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the Fiscal Year Ended December 31, 2007 COMMISSION FILE NO. 0-49719 AMANASU TECHNO HOLDINGS CORPORATION (Name of small business issuer as specified in its charter) NEVADA
                            
                            98-0351508(State or other jurisdiction of incorporation)
                            
                            (IRS Employer Identification No.) 115 East 57th Street 11th Floor, New York, NY 10022 (Address of principal executive offices) 212-939-7278 (Issuer's telephone number) Securities registered pursuant to Section 12(b) of the Exchange Act: NONE
                    Securities registered pursuant to Section 12(g) of the Exchange Act: Title of each class: Common Stock, no par value
 Check whether the issuer (1) filed all reports required to be filed by Section 13 or
                   15(d) of the 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.
                   [x] Yes [o] No 
                   [x] Yes [o] No 


                   Check if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is not
                   contained in this form, and no disclosure will be contained, to the best of the
                   registrant's knowledge, in definitive proxy or information statements
                   incorporated by reference in part III of this form 10-KSB or any amendment to
                   this Form 10-KSB. [x] 

                   State the issuer's revenues for its most recent fiscal year: $-0-.

                   The aggregate market value of the voting stock held by non-affiliates of the registrant on February 13, 2007,
                   computed by reference to the price at which the stock was sold on that date:
                   $854,364.


					The number of shares outstanding of the registrant's Common Stock, no par value, as of April 14, 2007 was 46,506,300 common shares.
 1


PART I Item 1. Description Of Business General Amanasu Techno Holdings Corporation ("Company") was incorporated in the State of Nevada on December 1, 1997 under the name of Avani Manufacturing (China) Inc. The Company changed its name to Genesis Water Technology on August 17, 1999, and to Supreme Group International, Inc. on December 24, 2000. On June 7, 2001, it changed its name to Amanasu Technologies Corporation. It changed its name again on December 21, 2007 to Amanasu Techno Holdings Corporation.The Company is a development stage company, and has not conducted any operations and generated any revenues since its inception. The Company's principal offices are located at 115 East 57th 11th Floor Street New York, NY 10022, and its
                	telephone number is (212) 939-7278. The Company also maintains an office at 1-3-38, Roppongi, Minato-ku, Tokyo, 106-0032, Japan. Overview and History The Company is a development stage company and significant risks exist with respect to its business (see "Cautionary Statements" below).
                    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 initially acquired under a 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. Amanasu Corporation subsequently transferred the right to Amanasu Technologies Corporation, and the Company
                    succeeded to the exclusive, worldwide rights. 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. 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 planned 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 prove to 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 on the market. Further marketing research was carried out comparing current electric scooters on the market and Evader's scooters.
                     The research concluded that further refinement in several areas were required. First the retail price of the Evader
                     scooters was too high to be competitive in the Japanese market. The research 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 its electric scooter project on hold until the Company is able to attain more resources. In place of the electric scooter, other projects including a cooperative with Seems Inc.,
                    formerly introduced as Pixen Inc and their breakthrough "Bio-scent technology" are in development.
                    Seems Inc. is a Pioneer in the newly developed bio-scent technology industry. Bio-scent technology
                    involves the application of "scent data transmission", a digitized 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, Seems has been able to become a multi-million dollar company in
                    less than 6 years and is expected to become public by early 2007. Its DAA (Defensive Aromatic Air) is its
                    current flagship product. In addition to being an air purifying system, Seems' DAA effectively removes up
                    to 91% of air pollutants such as ammonia, and by products of cigarette smoke. It also provides odor neutralization ,
                    and air-borne anti-bacterial effects. Seems has also developed a scent-particle sensor, which is programmable
                    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. Seems's sensor is able to detect these scent profiles and display the
                    digitized scent data. Amanasu Technology and Seems, are finalizing a Sales and Manufacturing agreement for all
                    Seems products in the United States in early 2007. With uncertainty in the amount of time taken to obtain approval from the FDA for various technologies by Seems Inc, the Company has decided to begin a new project in the Food/Beverage industry, specifically Franchise management under the new leadership of Yukinori Yoshino, who was appointed President of the Company as of October 16th, 2007.

Mr. Yoshino's has extensive experience in restaurant chain management, developing Baltic Systems from the ground up to a successful multi-million dollar corporation nearing its public debut. Mr. Yoshino has also been in charge of Wayochu Gasshukoku Corporation, a restaurant chain management company in Japan managing 19 different food chains nationally. Mr. Yoshino will be taking his expertise in the food chain industry and bring the Company into the same industry utilising its global business networks. Mr. Yoshino will be concentrating on expansion to China, with various different chains including the following: Japanese Tapas restaurants, and Japanese curry restaurant chains.

The chairman Mr. Maki and President Mr. Yoshino goal for the next 2 years is to enter into the NASDAQ global market. Employees. As of December 31, 2006, the Company has no full time employees.
                	During 2006, the Secretary of the Company has rendered consulting
                    services to the Company in the amount of $10,500.
 Item 2.  Description Of Property. The Company's executive offices are located at 115 East 57th Street 11th Floor New York, NY 10022 USA and a
                branch office in Vancouver, British Columbia. The total premises are 2,000 square feet and are subleased from
                Amanasu Environment Corporation, a reporting company under the Securities Exchange Act of 1934, and a company
                controlled by the Company's majority shareholder. The lease is on a month to month basis at a rate of $1250.
                In addition, the Company maintains an office at 1-3-38, Roppongi, Minato-ku, Tokyo, 106-0032, Japan. The premises
                are 1,000 square feet and are leased on an agreement which expires December 31, 2007 at $1,700 (200,000 Yen) per
                month. An apartment at 1-3-40 Roppongi, Minato-ku, Tokyo was leased at $10,000 (1,250,000 yen) per month under a
                lease agreement which expired December 31, 2006. Amanasu Environment Corporation occupies the same premises and
                co-pays the  rental amount. The Company believes additional lease space at this location will be available to support its future growth. Item 3. Legal Proceedings. None. Item 4. Submission Of Matters To A Vote Of Security Holders. None 2


PART II Item 5.  Market For Common Equity And Related Stockholder Matters. There  is a limited public market for our Common Stock which currently trades on the  OTC  Bulletin
                    Board under the symbol "ANSU" where it has been traded since September  9,  2005.  The  Common  Stock
                    has traded between $0.05 and $2.00 per share  since  that  date. The  following  table sets forth the high and low prices for our Common Stock as reported  on  the
                    Bulletin  Board  for the quarters presented. These quotations reflect
                    inter-dealer  prices, without retail mark-up, mark-down or commissions, and  may  not  reflect  actual  transactions. 2007
                            
                            Low Bid
                            High Bid1st Quarter Ending March 31, 2007
                            $
                            0.05
                            0.162nd Quarter Ending June 30, 2007
                            
                            0.05
                            0.083rd Quarter Ending September 30, 2007
                            
                            0.04
                            0.054th Quarter Ending December 31, 2007
                            
                            0.05
                            0.65 2006
                            
                            Low Bid
                            High BidFiscal Year Ending December 31, 2006
                            $
                            0.05
                            0.76 The  Company  commenced  trading  on the Over the Counter Bulletin Board on September 9, 2005. Information provided by The Over The Counter Bulletin Board. The quotations reflect inter-dealer prices,
                	without retail mark-up, markdown, or commission and may not represent actual transactions.) As of March 15, 2007, there were 46,506,300 shares of Common Stock outstanding, held by 51 shareholders of record. DIVIDEND  POLICY To date we have not paid any dividends on our Common Stock and do not expect to declare
                    or pay any dividends on our Common Stock in the foreseeable future. Payment of any dividends
                    will be dependent upon future earnings, if any, our financial  condition, and other factors
                    as deemed relevant by our Board of Directors. As of April 14, 2008, there are 91 shareholders of record of the Company's common stock.
                    Although there are no restrictions on the Company's ability to declare or pay dividends, the
                    Company has not declared or paid any dividends since its inception' and does not anticipate paying dividends in the future.
 Equity Compensation Plan Information Equity Compensation Plan InformationPlan category
                            Number of securities to be issued upon exercise of outstanding options, warrants and rights(a)
                            Weighted-average exercise price of outstanding options, warrants and rights (b)
                            Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))(c)Equity compensation plans approved by security holders (1)
                            -0-
                            -0-
                            -0-Equity compensation plans not approved by security holders (2)
                            -0-
                            -0-
                            -0-Total
                            -0-
                            -0-
                            -0- Recent Sales Of Unregistered Securities None
 Item 6:  Management's Discussion And Analysis Or Plan Of Operations. The following discussion should be read in conjunction with the Company's
                    Financial Statements, including the Notes thereto, appearing elsewhere in this Annual Report. Company Overview The Company was organized on December 1, 1997. Its operations to date have been limited to obtaining
                	the license to the technology described below, and conducting preliminary marketing efforts. Plan Of Operations 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. Pixen under went a name change and is now known as Seems Inc. Seems Inc. will retain the name Pixen as a brand name for its products. The project with Seems has hit two barriers. Seems has collected sufficient funds and attained the requirements to become public in Japan; however, the company analysis has taken longer than expected and Seems has been informed that it may take another 6-12 months before it can be listed. Secondly, the United States does not recognize Japanese health certifications, and Seems' products must be reapproved by the FDA. Amanasu Technologies as taken the initial steps and received the MDUFMA Small Business Qualification in order to reduce cost for pre-market approval, and is currently collecting product data and translating it into english to submit its first PMA. The cost of this project is taken into account in the estimated expenditures for the 2007 fiscal year ending December 31, 2007. The approval of the DAA is believed to take no more than 8-12 months; however, the scent scenor is believed to be a FDA Class 3 medical device, which may take longer.

With uncertainty in the time taken for an FDA approval the Company has decided to enter into the restaurant chain management industry, under the new leadership of President Yukinori Yoshino. The Chairman Mr. Maki and President Mr. Yoshino have set a goal to enter into the NASDAQ Global Market in two years time. The focus for the fiscal year ending December 31, 2008 will be for Mr. Yoshino, to utilise the Company's global networks to establish Curry restaurants, fine dining restaurants, and Japanese Tapas restaurants in China.

					The Company will also be concentrating its efforts
          on capital raising efforts to enter into the NASDAQ Global Market. The Company satisfies all entry requirements, except for investment capital. The Company's target in the next two years is to raise $30,000,000. Other than the provision of alternating business planning costs discussed above, the Company's cash requirements
                    for the next 12 months are estimated to be $165,000. This amount is comprised of the following estimate
                    expenditures; $100,000 in annual salaries for office personnel, office expenses and travel, $30,000 for rent,
                    $20,000 for professional fees, and $15,000 for miscellaneous expenses. 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 12 months. If the Company is
                    unsuccessful in raising at least $300,000, it may not be able to complete its plan of operations as discussed above. The company is expecting to gain the capital from issuing and selling the shares of the Company. During the fiscal 2007 and 2006, the Company spent $-0- and $-0- respectively on research and development. 3


Liquidity And Capital Resources In October 2001, the Company received $46,000 from four investors and $400,000 resulting from the exercise
                    of stock options for 20,000,000 shares of common stock by the Company's principal shareholder. During the
                    2003 period, the Company raised $99,900 and should be considered a liability. 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 parts inventory, as discussed below. Total assets as of December 31, 2007 were $7,412, representing a increase of $5,911 from total assets
                    of $1,501 as of December 31, 2006. This increase is primarily due to increased cash from shareholder advances
                    made during 2007. Forward Looking Statements. Certain of the statements contained in this Annual Report on Form 10-KSB include forward looking statements. All statements other than statements of historical facts included in this Form 10-KSB regarding the Company's financial position, business strategy, and plans and objectives of management for future operations and capital expenditures, and other matters, are forward looking statements. These forward looking statements are based upon management's expectations of future events. Although the Company believes the expectations reflected in such forward looking statements are reasonable, there can be no assurances that such expectations will prove to be correct. Additional statements concerning important factors that could cause actual results to differ materially from the Company's expectations ("Cautionary Statements") are disclosed below in the Cautionary Statements section and elsewhere in this Form 10-KSB. All written and oral forward looking statements attributable to the Company or persons acting on behalf of the Company subsequent to the date of this Form 10-KSB are expressly qualified in their entirety by the Cautionary Statements. 4


**Cautionary
Statements** . Certain
risks and uncertainties are inherent in the Company's business. In addition to
other information contained in this Form 10-KSB, the following Cautionary
Statements should be considered when evaluating the forward looking statements
contained in this Form 10-KSB:





**Developmental
Stage Company** .  The
Company was incorporated on February 22, 1999, and is a development stage
company. Presently, it has acquired certain technologies relating to an
electrical motor scooter, however, the Company scooter is not available for
commercial sale. As a development stage enterprise, the Company may be subject
to the many pitfalls commonly associated with development stage enterprises,
such as testing and proving technologies. These risks are in addition to normal
business risks. The Company's ability to emerge from the development stage with
respect to its planned principal business activity is dependent upon a number of
factors, including product development of existing technologies and successfully
raising additional financing to meet its working capital needs.





**Need
For Additional Capital** .  The
Company will require additional capital to meet its ongoing
operating requirements. Seems Inc's technologies require FDA approval, and even though
the initial market approval is not capital intensive, additional pre-market approvals are.
The Company intends to raise the capital through a
private or public financing of debt or equity. Presently, the Company has no
commitment for any such funding. The Company can not predict whether it will be
successful in obtaining such financing on terms acceptable to the Company or on
any terms. The inability to obtain such financing will have a material adverse
affect on the Company and its ability to develop and commercial sell the
products.





**Ability
To Develop Commercial Product** .  The majority of the Company's partners reside in Japan, and with that, the Company must pass through different government regulatory
	departments. The Company's upcoming partnership with Seems Inc, and introduction
	of their product line to the United States will require FDA Pre-market approval in order to maximize
	the Company's ability to market. FDA approval is required due to the nature of the Seems Inc's products, which for the majority are considered
	medical devices in the United States. The principle statements that will be used to market Seems Inc's technologies such as,
	"Hypo-allergenic", and "Anti-bacterial" will require FDA approval. Since, the Company has no previous
	Pre-market approval applications with the FDA, the initial application and process fee is waived. The only
	factor in concern is the time required to approve the use of the statements previously mentioned. Sales operations will
	commence; however, the previously mentioned statements will be omitted until FDA approval is obtained.





**Rapid
Technological Changes** .  The
industry in which the Company intends to compete is subject to rapid
technological changes. No assurances can be given that the any technological
advantages which may be enjoyed by the Company in respect of its technologies
can not or will not be overcome by technological advances by competitors
rendering the Company's technologies obsolete or non-competitive.








**Lack
Of Established Distribution Channels** .  The
Company does not have an established channel of distribution for any of its
products at present. The Company is currently researching and contacting possible
channels of distribution. The main focus is on chain organizations: restaurant,
hotel, and hospital chains. The Company will also focus on
establishing a network of designated dealers in targeted markets in Japan and
South East Asia. The Company can not predict whether it
will be successful in establishing its intended dealer network in
Japan.





**Management** .  The
ability of the Company to successfully conduct its business affairs will be
dependent upon the capabilities and business acumen of current management
including Mr. Hideyuki Shiraishi, the Company's President. Accordingly,
shareholders must be willing to entrust all aspects of the business affairs of
the Company to its current management. Further, the loss of any one of the
Company's management team could have a material adverse impact on its continued
operation.





**Control
Exercised By Management** .  As of
March 15, 2005, the existing officers and directors, and affiliates will control
approximately 87% of the shareholder votes. Consequently, management will
control the vote on all matters brought before shareholders, and holders of
common stock may have no power in corporate decisions usually brought before
shareholders.





**Conflicts
of Interest** .  The
officers of the Company are not full time employees. Presently, the Company does
not have a formal conflicts of interest policy governing its officers and
directors. In addition, the Company does not have written employment agreements
with its officers. Its officers intend to devote sufficient business time and
attention to the affairs of the Company to develop the Company's business in a
prudent and business-like manner. However, the principal officer is engaged in
other businesses related and unrelated to the business of the Company, and in
the future, will engage in other business ventures. As a result, the principal
officer and other officer of the Company may have a conflict of interest in
allocating their respective time, services, and future resources, and in
exercising independent business judgment with respect to their other businesses
and that of the Company.




**Reliance
upon Third Parties** .  The
Company does not intend on maintaining a significant technical staff nor does it
intend on manufacturing its products. Rather it will rely heavily on
consultants, contractors and manufacturers to design, develop and manufacture
its products. Accordingly, there is no assurance that such third parties will be
available when needed at affordable prices.





**Competition** .  Although
management believes its product has significant competitive advantages to other
products in the industry. However, the Company will be competing in industries
where enormous competition exists. Competitors in these industries have greater
financial, engineering and other resources than the Company. No assurances can
be given that any advances or developments made by such companies will not
supersede the competitive advantages of the Company's products.





**Protection
Of Intellectual Property** . The
success of the Company will be dependent, in part, upon the protection of its
proprietary of its various technologies from competitive use. Certain of its
technologies are the subject of various patents in varying jurisdictions (See
"Description of Business - Proprietary Rights"). In addition to the patent
applications, the Company relies on a combination of trade secrets,
nondisclosure agreements and other contractual provisions to protect its
intellectual property rights. Nevertheless, these measures may be inadequate to
safeguard the Company's underlying technologies. If these measures do not
protect the intellectual property rights, third parties could use the Company's
technologies, and its ability to compete in the market would be reduced
significantly. In addition, if the sale of the Company's product extends to
foreign countries, the Company may not be able to effectively protect its
intellectual property rights in such foreign countries.





In the
future, the Company may be required to protect or enforce its patents and patent
rights through patent litigation against third parties, such as infringement
suits or interference proceedings. These lawsuits could be expensive, take
significant time, and could divert management's attention from other business
concerns. These actions could put the Company's patents at risk of being
invalidated or interpreted narrowly, and any patent applications at risk of not
issuing. In defense of any such action, these third parties may assert claims
against the Company. The Company cannot provide any assurance that it will have
sufficient funds to vigorously prosecute any patent litigation, that it will
prevail in any of these suits, or that the damages or other remedies awarded, if
any, will be commercially valuable. During the course of these suits, there may
be public announcements of the results of hearings, motions and other interim
proceedings or developments in the litigation which could result in the negative
perception by investors, which could cause the price of the Company's common
stock to decline dramatically.





**Indemnification
of Officers and Directors for Securities Liabilities** . The
Company's By-Laws eliminates personal liability in accordance with the Nevada
Revised Statutes (NRS). Section 78.7502 of the NRS provides that a corporation
may eliminate personal liability of an officer or director to the corporation or
its stockholders for breach of fiduciary duty as an officer or director provided
that such indemnification is limited if such party acted in good faith and in a
manner which he reasonably believed to be in or not opposed to the best interest
of the corporation. In so far as indemnification for liability arising from the
Securities Act of 1933 ("Act")may be permitted to Directors, Officers or persons
controlling the Company, it has been informed that in the opinion of the
Securities and Exchange Commission such indemnification is against public policy
as expressed in the Act and is, therefore, unenforceable.




**Penny
Stock Regulation** . The
Company's common stock may be deemed a "penny stock" under federal securities
laws. The Securities and Exchange Commission has adopted regulations that define
a "penny stock" generally to be any equity security that has a market price of
less than $5.00 per share, subject to certain exceptions. These regulations
impose additional sales practice requirements on any broker/dealer who sell such
securities to other than established investors and accredited investors. For
transactions covered by this rule, the broker/dealer must make certain
suitability determinations and must receive the purchaser's written consent
prior to purchase. Additionally, any transaction may require the delivery prior
to sale of a disclosure schedule prescribed by the Commission. Disclosure also
is required to be made of commissions payable to the broker/dealer and the
registered representative, as well as current quotations for the securities.
Finally, monthly statements are required to be sent disclosing recent price
information for the penny stock held in the account of the customers and
information on the limited market in penny stocks. These requirements generally
are considered restrictive to the purchase of such stocks, and may limit the
market liquidity for such securities.





**Item
7.** **** **Financial
Statements.**





The
Financial Statements that constitute Item 7 of this Annual Report on Form 10-KSB
are included immediately following Item 14 below.





**Item
8.** **** **Changes
In And Disagreements With Accountants On Accounting And Financial
Disclosure.**





None.





**Item
8A.** **** **Controls
and Procedures** .





Evaluation of Disclosure Controls and Procedures
As of the end of the period covered by this Annual Report on Form 10-KSB, an evaluation was performed under the supervision and with the participation of our management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 of the Securities Exchange Act of 1934 ("Exchange Act").  For purposes of the foregoing, the term disclosure controls and procedures means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission ("SEC").  Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officer, or persons performing similar functions, and is appropriate to allow timely decisions regarding required disclosure.  Our report on management's assessment of our internal control over financial reporting, as reported in our original filing on Form 10-KSB for the year ended December 31, 2007, was not prepared in the manner prescribed in Rule 13a-15.  Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this Annual Report, our disclosure controls and referenced procedures were not effective.  This report is filed under the above provisions of the Exchange Act.





Management's Report on Internal Control Over Financial Reporting
Management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15 under the Exchange Act, as amended.  As of December 31, 2007, under the supervision and with the participation of management, including the Company's Chief Executive Officer and Chief Financial Officer, an evaluation was conducted of the effectiveness of the Company's internal control over financial reporting based on the framework in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).  Based on that evaluation, management of the Company, including the chief executive officer and the chief financial officer, concluded that the Company's internal control over financial reporting was effective as of December 31, 2007.

Because of its inherent limitations, a system of internal control over financial reporting can provide only reasonable assurance and may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

This Annual Report does not include an attestation report of the Company's registered public accounting firm regarding internal controls over financial reporting.  Management's Report was not subject to attestation by the Company's public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only Management's Report in this Annual Report.





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 and Principal Financial
Officer's evaluation that could significantly affect these internal controls,
including any corrective actions with regards to significant deficiencies and
material weaknesses.




**PART
III**





**Item
9.** **** **Directors,
Executive Officers, Promoters And Control Persons** **.**





On of October 16, 2007 Hideyuki Shiraishi resigned as the President, Director, Secretary, and Treasurer of the Registrant. The resignation of Mr. Hiroyuki Shiraishi is owing to personal reasons and is not a result of any disagreements with the Registrant on any matter relating to the Registrant's operations, policies or practices.

Yoshinori Yoshino will assume the vacant positions of President, and be appointed a Director of the Company effective October 16, 2007.

The
directors and executive officers of the Company, their ages, and the positions
they hold are set forth below. The directors of the Company hold office until
the next annual meeting of stockholders of the Company and until their
successors in office are elected and qualified. All officers serve at the
discretion of the Board of Directors.





Name
Age
PositionAtsushi
Maki
60
Chairman, DirectorLina
Lei
47
SecretaryYukinori Yoshino
44
President, and Chief Financial
Officer





Atsushi
Maki has been
the a Director of the Company since June 1, 2001. Mr. Maki was appointed Chairman October 16th, 2007. During the past ten years, Mr.
Maki has been an independent businessman involved mainly in real estate
development projects in Japan. In 1995, he served as a Director of the
Japan-Korea Cooperation Committee along with the former Prime Minister of Japan
who acted as the Chairman of the committee. In 1999, he was responsible for
establishing the Japan-China Association, a foundation for fostering better
relations between the two nations. He served as a director of the association,
along with the Chairman of Sony Corporation and the Honorary Chairman of Toyota
Motor Corporation. Mr. Maki is the husband of Lina Lei, the Secretary of the
Company. Mr. Maki also is a director of Amanasu Environment Corporation, a
reported company under the federal securities laws.





Lina
Lei has been
the Secretary of the Company since 2001. Ms. Lei was appointed a director in
November 1999 and resigned from the board on August 21, 2002. From May 1990 to
November 1999, Ms. Lei was employed by Thunder Company Ltd, Tokyo, Japan, in
various capacities including as its managing director. Ms. Lei completed her
university studies in Shanghai, China in 1982, and obtained a master's degree
from Hitotsubashi University in Tokyo in 1990. During the past seven years, Ms.
Lei's work involvement has been limited to activities of the Company and that of
Amanasu Technologies Corporation. Ms. Lei is the wife of Atsushi Maki, the
Chairman and President of the Company.





Yukinori Yoshino has been
President, and Chief Financial Officer since October 16, 2007 after
the resignation of Hiroyuki Shiraishi, the previous Chairman, President, and Chief
Financial Officer of the Company. Mr. Yoshino has 17 years of experience in the food serivce industry in management, and franchising. Mr. Yoshino is the founder of Balic Systems in Japan, a Japanese Curry Rice chain with 50 locations throughout Japan through franchising and direct management. In 2005 Mr. Yoshino founded Wayouchuu Gasshukoku Corporation in Tokyo, a holdings company for restaurant chains. Wayouchuu manages Curry, Ramen, Gyudon, Kaisen Don, Standing Bars, Izakayas, Italian, and Chinese restaurant chains as well as Cafe chains.







**Item
10.** **** **Executive
Compensation** **.**





Ms. Lina
Lei, an officer of the Company, received $10,500 in exchange for consulting
services rendered to the Company. No other form of compensation or remuneration
was paid to any officer or director during fiscal 2006.**** Future
services to be rendered by Ms. Lei will be subject to the approval of the Board
of Directors. Other than as indicated above, the Company did not have any other
form of compensation payable to its officers or directors, including any stock
option plans, stock appreciation rights, or long term incentive plan awards for
the periods during the above fiscal years.





The
officers of the Company are not full time employees. Presently, the Company does
not have a formal conflicts of interest policy governing its officers and
directors. In addition, the Company does not have written employment agreements
with its officers. Its officers intend to devote sufficient business time and
attention to the affairs of the Company to develop the Company's business in a
prudent and business-like manner. However, the principal officer is engaged in
other businesses related and unrelated to the business of the Company, and in
the future, will engage in other business ventures.





**Item
11. Security Ownership Of Certain Beneficial Owners And
Management.**





The following table will identify,
as of April 15, 2007, the number and percentage of outstanding shares of common stock of the Company owned
by (i) each person known to the Company who owns more than five percent of the outstanding common stock,
(ii) each officer and director, and (iii) and officers and directors of the Company as a group.
The following information is based upon 46,506,300 shares of common stock of the Company which are issued
and outstanding as of April 15, 2007. The address for each individual below is 701 Fifth Avenue, 42nd Floor,
Seattle, Washington 98104 the address of the Company.





Title
of
Security
Name
and Address of Beneficial Owner
Amount
and nature Beneficial Ownership(1)
Percent
of ClassCommon
Stock
Amanasu
Corporation(2)
#902
Ark Towers, 1-3-40,
Roppongi,
Minatoku, Tokyo, Japan
35,000,000

75.3%Common
Stock
Atsushi
Maki(3)
40,373,700

86.8%Common
Stock
Lina
Lei(4)
40,373,700

86.8%Common
Stock
Officers
and Directors, as a group (3 persons)
40,443,700

86.8%










(1).
"Beneficial ownership"means having or sharing, directly or indirectly (i)
voting power, which includes the power to vote or to direct the voting, or (ii)
investment power, which includes the power to dispose or to direct the
disposition, of shares of the common stock of an issuer. The definition of
beneficial ownership includes shares underlying options or warrants to purchase
common stock, or other securities **** convertible
into common **** stock,
that currently are exercisable or convertible or that will become exercisable or
convertible within 60 days. Unless otherwise indicated, the beneficial owner has
sole voting and investment power.


(2). Mr.
Atsushi Maki, a director of the Company, is the sole shareholder of Amanasu
Corporation and is deemed the beneficial owner of such shares.


(3).
Includes 4,873,700 shares of common stock held individually by Mr. Maki,
35,000,000 shares of common stock held by Amanasu Corporation, and 500,000
shares of common stock held by Mr. Maki's wife, Lina Lei. Mr. Maki disclaims
beneficial ownership of the shares held by his wife.


(4).
Includes 500,000 shares of common stock held individually by Ms. Lei, and
39,873,700 shares of common stock beneficially owned by Ms. Lei's husband,
Atsushi Maki. Ms. Lei disclaims beneficial ownership of the shares held by her
husband.





ITEM 12.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS





Effective
February 10, 2000, Amanasu Corporation, formerly Family Corporation, the
Company's largest shareholder, obtained the exclusive, worldwide rights to the
technologies pursuant to a licensing agreement with its inventors.Thereafter,
on March 10, 2000, Amanasu Corporation licensed to the Company the exclusive,
worldwide rights to the technologies, subject to the terms of the underlying
license agreement.


As of
September 6th, 2001, the Company made the payment of $160,000 (20,000,000 Yen)
for the exclusive, worldwide rights to the inventors. The sum of $160,000 was
lent temporarily by Mr. Atsushi Maki as an individual. Mr.Maki is a director and
a majority shareholder of the Company and the sole shareholder of Amanasu
Corporation. As of March 21st, 2002, the Company reimbursed $100,000 to Mr. Maki
through.





When the
Company was established, the common stock of 17,000,000 shares were issued to
Amanasu Corporation, and the Company also issued an option to Amanasu
Corporation to acquire 20,000,000 shares of the common stock at $0.02 per share,
which was exercised by Amanasu Corporation in October 2001. This acquisition of
the common stock of the Company by Amanasu Corporation has no relation to the
event of the transfer of the right to the license agreement for the high
efficiency electrical motor and a high-powered magnet made between Amanasu
Corporation and the Company.


-
As
of August 6th, 2001, Amanasu Corporation paid $250,000 out of the sum of
$400,000 to the Company for the common stock of 20,000,000
shares.


-
As
of October 12th, 2001, Amanasu Corporation paid the balance of $150,000 to
the Company.


An
additional 6,350,000 shares of its common stock, valued at $6,350, were issued
to third parties. These shares
consisted of: 2,700,000 shares to Mr. Atsushi Maki, 3,000,000 shares to three
persons to perform marketing services for the Company, and 650,000 shares to
three technical consultants of a company owned by the principal
inventor.





During
2006, Lina Lei, an officer of the Company, received $10,500 in exchange for
performing consulting services for the Company.





The
Company shares office space in Vancouver, New York and Tokyo offices
with Amanasu Environment Corporation, a reporting company
under the Securities Exchange Act of 1934, and a company controlled by Atsushi
Maki, a director of the he Company (See "Part I - Item 2 Description of
Property").








**Item
13. Exhibits and Reports on Form 8-K** **.**


Exhibit  Description
 
 3(i)(a)  Articles
of Incorporation of the Company. (Incorporated by reference to the Company's
Form 10-SB/A filed on June 21, 2002).
 3(i)(b)  Certificate
of Amendment to Articles of Incorporation. (Incorporated by reference to the
Company's Form 10-SB/A filed on June 21, 2002).
 3(i)(c)  Certificate
of Amendment to Articles of Incorporation. (Incorporated by reference to the
Company's Form 10-SB/A filed on June 21, 2002).
 3(i)(d)  Certificate
of Amendment to Articles of Incorporation. (Incorporated by reference to the
Company's Form 10-SB/A filed on June 21, 2002).
 3(ii)(a)  Amended
and Restated By - Laws of the Company. (Incorporated by reference to the
Company's Form 10-SB/A filed on June 21, 2002).
 10(i)                             License
agreement between the Company and Yasunori Takahashi, Yoshiaki Takahashi and
Y.T. Magnet Corporation, dated February 10, 2000. (Incorporated by reference to
the Company's Form 10-SB/A file on  June 21, 2002).
 10(ii) Agreement
between Family Corporation and the Company dated March 10, 2000. (Incorporated
by reference to the Company's Form 10-SB/A filed on June 21, 2002).
 Consultation
Agreement between Lina Lei and the Company made on May 12, 2002. (Form 10KSB
filed on March 31, 2003)
 Consultation
Agreement between Lina Lei and the Company made on May 12, 2002. (Form 10KSB/A
filed on July 21, 2003)
 31 Certification
under Section 906 of the Sarbanes-Oxley Act .
 32 Certification
under Section 906 of the Sarbanes-Oxley Act .





(b).
Reports on Form 8-K.


None





**Item
14. Principal Accountant Fees and Services** .





(1).
Audit fees during 2007 were 2006 were $9,975


(2) Audit
Related Fees during 2007 $8,500and 2006 were $0.


(3) Caption Tax
Fees for 2007 during $500 and 2006 were $625.


(4) All
Other Fees during $0.


(5)N/A
(i) Disclose the audit committee's pre-approval policies and procedures described in paragraph (c)(7)(i) of Rule 2-01 of Regulation S-X.
(ii) Disclose the percentage of services described in each of Items 9(e)(2) through 9(e)(4) of Schedule 14A that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.


(6) Not greater than 50% for 2006 and 2005.
If greater than 50 percent, disclose the percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees.
7







AMANASU TECHNO HOLDINGS CORPORATION
                CONSOLIDATED FINANCIAL STATEMENTS
                (A Development Stage Company)
				DECEMBER 31, 2007 Accountant's Audit Report
                    1Balance Sheet
                    2Statements of Operations
                    3Statements of Changes in Stockholder's Equity
                    4Statements of Cash Flows
                    5Notes to Financial Statements
                    6


ROBERT G. JEFFREY CERTIFIED PUBLIC ACCOUNTANT
                61 BERDAN AVENUE
                WAYNE, NEW JERSEY 07470 LICENSED TO PRACTICE
                    IN NEW YORK AND NEW JERSEY
                    MEMBER OF AICPA
                    PRIVATE COMPANIES PRACTICE SECTION
                    MEMBER CENTER FOR PUBLIC COMPANY AUDIT FIRMS
                    REGISTERED PUBLIC ACCOUNTING FIRM WITH
                    PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
 TEL: 973-628-0022
                    FAX: 973-696-9002
                    E-MAIL: rgjcpa@optonline.net
 Board of Directors Amanasu Techno Holdings Corporation We have audited the accompanying balance sheet of Amanasu Techno Holdings Corporation (a development stage company) as of December 31, 2007, and the related statements of operations and deficit accumulated during development stage, changes in stockholders' equity, and cash flows for the years ended December 31, 2007 and 2006. These financial statements are the responsibility of the Company management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted the audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate under the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Amanasu Techno Holdings Corporation as of December 31, 2007, and the results of its operations and its cash flows for the years ended December 31, 2007 and 2006 in conformity with U. S. generally accepted accounting principles. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, at December 31, 2007, the Company had a working capital deficiency of $240,564 as well as an accumulated deficit of $777,964. These factors, among other things discussed in Note 2 to the financial statements, raise substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts or classification of liabilities that might be necessary should the Company be unable to continue in operation. /s/ Robert G. Jeffrey
                    ROBERT G. JEFFREY
                    March 28, 2007
                    Wayne, New Jersey
 1


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
				BALANCE SHEET
				December 31, 2007 Assets

                        
                        Current AssetsCash
                            $
                            5,575Employee Advances
                            
                            1,837Total Current Assets
                            
                            7,412Fixed AssetsAutomobile
                            
                            1,500Less, Accumulated Depreciation
                            
                            1,500Net Fixed Assets
                            
                            -Total Assets
                            $
                            7,412Liabilities And Stockholders' EquityCurrent LiabilitiesAccrued Expenses
                            $
                            5,962Rent Payable
                            
                            3,750Advances from shareholders
                            
                            138,400Other Advances99,900Total Current Liabilities
                            
                            247,976Stockholders' Equity:Common Stock: authorized 100,000,000 shares of $0.01 par value; 46,506,300 issued and outstandingAdditional Paid in capital
                            
                            490,894Deficit accumulated during development stage
                            
                            (777,964)Total Stockholders' Deficit
                            
                            (240,564)Total Liabilities and Stockholders' Equity
                            $
                            7,412The accompanying notes are an integral part of these financial statements. 2


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
				STATEMENTS OF OPERATIONS AND DEFICIT
				ACCUMULATED DURING DEVELOPMENT STAGE Year 2007
                            
                            Year 2006
                            
                            December 1, 1997 (Date of Inception) to December 31, 2007Revenue
                            $
                            -
                            
                            $
                            -
                            
                            $
                            91,912Expenses
                            
                            16,000
                            
                            
                            40,009
                            
                            
                            769,802Impairment Charge - write down of licensing agreement
                            
                            -
                            
                            
                            103,528
                            
                            
                            103,528Operating Loss
                            
                            (16,000)
                            
                            
                            (143,537)
                            
                            
                            (781,418)Other Income-expenses
                            
                            -
                            
                            
                            32
                            
                            
                            3,454Loss accumulated during development stage
                            
                            (16,000)
                            
                            
                            (143,505)
                            
                            
                            (777,964)Loss per share - Basic and Diluted
                            
                            -
                            
                            
                            -Average number of shares outstanding
                            
                            46,506,300
                            
                            
                            46,506,300The accompanying notes are an integral part of these financial statements.
 3


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
				CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY For the Years Ended December 31, 2007, and 2006 Common Stock
                            
                            Additional
                            
                            Deficit Accumulated During Development Stage
                            
                          TotalShares
                            
                            Amount
                            
                            Paid in Capital
                            
                            DeficitBalance December 1, 1997, at inception of development stage
                            3,000,000
                            
                            $
                            3,000
                            
                            $
                            (1,600)
                            
                            $
                            (1,300)
                            
                            $
                          100Shares issued March 10, 2000, as partial consideration for licensing agreement
                            17,000,000
                            
                            
                          17,000
                            
                            
                          (17,000)Shares issued during 2001, as fees connected with acquisition of licensing agreement
                            6,350,000
                            
                          
                            6,350
                            
                          
                            (6,350)Shares issued during 2001, on exercise of option
                            20,000,000
                            
                            
                          20,000
                            
                            
                          380,000
                            
                            
                            
                            
                            
                          400,000Shares issued during 2001, to investors
                            36,400
                            
                          
                            36
                            
                          
                            45,964
                            
                          
                            
                            
                          
                            46,000Net loss of 2001
                            
                            
                            
                            
                            
                            
                            
                            
                            
                          (39,459)
                            
                            
                          (39,459)Shares issued during 2002, for services
                            50,000
                            
                          
                            50
                            
                          
                            4,950
                            
                          
                            
                            
                          
                            5,000Net loss of 2002
                            
                            
                            
                            
                            
                            
                            
                            
                            
                          (190,139)
                            
                            
                          (190,139)Shares issued during 2003, for services
                            150,000
                            
                          
                            150
                            
                          
                            14,850
                            
                          
                            
                            
                          
                            15,000Shares issued during 2003, on exercise of options
                          70,000
                            
                            
                          70
                            
                            
                          69,930
                            
                            
                            
                            
                            
                          70,000Shares canceled during 2003
                            (150,100)
                            
                          
                            (150)
                            
                          
                            150
                            
                          
                            
                            
                          
                            -Net loss 2003
                            
                            
                            
                            
                            
                            
                            
                            
                            
                          (278,798)
                            
                            
                          (278,798)Net loss 2004
                            
                            
                          
                            
                            
                          
                            
                            
                          
                            (21,704)
                            
                          
                            (21,704)Net loss 2005
                            
                            
                            
                            
                            
                            
                            
                            
                            
                        (87,059)
                            
                            
                        (87,059)Balance, December 31, 2005
                            46,506,300
                            
                          
                            46,506
                            
                          
                            490,894
                            
                          
                            (618,459)
                            
                          
                            (81,059)Net loss 2006
                          
                            
                            
                          
                            
                            
                          
                            
                            
                          (143,505)
                            
                            
                          (143,505)Balance, December 31, 2006
                            46,506,300
                            
                          
                            46,506
                            
                          
                            490,894
                            
                          
                            (761,964)
                            
                          
                            (224,564)Net loss 2007
                            
                            
                            
                          
                            
                            
                          
                            
                            
                          (16,000)
                            
                            
                          (16,000)Balance, December 31, 2007
                          46,506,300
                            
                          
                            46,506
                            
                          
                            490,894
                            
                          
                            (777,964)
                            
                          
                            (240,564)The accompanying notes are an integral part of these financial statements.
 4


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
				STATEMENTS OF CASH FLOWS December 31, 2007 Year 2007
                            
                            Year 2006
                            
                            December 1, 1997 (Date of Inception)
To December 31,2007CASH FLOWS FROM OPERATIONS:Net loss
                            $
                            (16,000)
                            
                            $
                            (143,505)
                            
                            $
                            (777,964)Charges not requiring the outlay of cash:Depreciation and Amortization
                            
                            144
                            
                            
                            9,567
                            
                            
                            57,972Impairment of Licensing Agreement
                            
                            -
                            
                            
                            103,528
                            
                            
                            103,528Common stock issued for services
                            
                            -
                            
                            
                            -
                            
                            
                            21,300Changes in assets and liabilities:Increase in accrued expenses
                            
                            3,511
                            
                            
                            315
                            
                            
                            5,926Increase in rent payable
                            
                            -
                            
                            
                            3,750
                            
                            
                            3,750Advance to employee
                            
                            (1,837)
                            
                            
                            -
                            
                            
                            (1,837)Net Cash Consumed By Operating Activities
                            
                            (14,182)
                            
                            
                            (26,336)
                            
                            
                            (587,325)CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of automobile
                            
                            -
                            
                            
                            -
                            
                            
                            (1,500)Payments 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 to investors
                            
                            -
                            
                            
                            -
                            
                            
                            446,100Shareholder deposits for common stock
                            
                            -
                            
                            
                            -
                            
                            
                            70,000Shareholder advances
                            
                            18,400
                            
                            
                            120,000
                            
                            
                            218,400Repayment of Shareholder advances
                            
                            -
                            
                            
                            -
                            
                            
                            (80,000)Advances from affiliate
                            
                            -
                            
                            
                            -
                            
                            
                            200,000Repayment of advances from affiliate
                            
                            -
                            
                            
                            (100,000)
                            
                            
                            (200,000)Net Cash Provided By Financing Activities
                            
                            18,400
                            
                            
                            20,000
                            
                            
                            754,000Net Change In Cash
                            
                            4,218
                            
                            
                            (6,336)
                            
                            
                            5,575Cash balance, beginning of period
                            
                            1,357
                            
                            
                            7,693
                            
                            
                            -Cash balance, end of period
                            
                            5,575
                            
                            
                            1,357
                            
                            
                            5,575The accompanying notes are an integral part of these financial statements.
 5


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
				NOTES TO FINANCIAL STATEMENTS December 31, 2007 1. ORGANISATION AND BUSINESS Organisation of Company The Company was formed December 1, 1997, as Avani Manufacturing (China), Inc. The name was changed to Genesis Water Technologies, Inc. on August 17, 1999, to Supreme Group International, Inc. on December 24, 2000, and to Amanasu Technologies Corporation on May 30, 2001. The present name was adopted October 16, 2007. Business The Company acquired worldwide licensing rights for certain patented magnetic and power generating technology. Until 2006, it was the intention of the Company to license these rights for use by others. The Company continues to pursue such licensing opportunities, but its primary efforts are now directed at other opportunities.
 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Development Stage Accounting The Company is a development stage company, as defined in Financial Accounting Standards (FAS) Statement No. 7. Generally accepted accounting principles that apply to established operating enterprises govern the recognition of revenue by a development stage enterprise and the accounting for costs and expenses. From inception to December 31, 2007, the Company has been in the development stage and, until 2007, all its efforts had been devoted to obtaining worldwide licensing rights to the technology, which is described above, and planning for marketing its products.  Beginning in 2007 the Company has pursued other opportunities. Cash For purposes of the statements of cash flows, the Company considers all short term debt securities purchased with a maturity of three months or less to be cash equivalents. Fixed Assets Fixed assets are recorded at cost. Depreciation is computed using accelerated methods, with lives of seven years for furniture and equipment and five years for computers and automobiles. Intangible Assets Intangible assets are recorded at cost. Amortization is provided by straight line methods, using lives which are based on the lives of the underlying assets. Licensing Agreement During the year 2000, the Company acquired the world-wide licensing rights for certain patented magnetic and power generating technology from a corporation which is the majority owner of Company stock, at a cost of $160,000.  This asset has now been written off. Income Taxes Deferred income taxes are recorded to reflect the tax consequences or benefits to future years of any temporary differences between the tax basis of assets and liabilities, and of net operating loss carryforwards. Use Of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated.
 6


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
                NOTES TO FINANCIAL STATEMENTS December 31, 2007 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT'D) Advertising Costs The Company will expense advertising costs when an advertisement occurs. There has been no spending thus far on advertising. Segment Reporting Management will treat the operations of the Company as one segment.
 3. RELATED PARTY TRANSACTIONS 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 December 31, 2007, 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. 4. PROVISION FOR DOUBTFUL ACCOUNTS During the year 2003, the principal company shareholder made a $60,000 advance to the Company by paying a Company obligation. An additional $20,000 was advanced by this shareholder during 2005. Later in 2005, the entire $80,000 so advanced was repaid. In 2006, the principal Company shareholder advanced $110,000 and a company controlled by the principal shareholder advanced $10,000.  In 2007, the secretary of the Company, who is the wife of the principal shareholder, made advances which totaled $18,400.  The $110,000 advance does not require interest; the other advances bear interest at 4.45%. All of these advances are due on demand. An affiliated company advanced $100,000 to the Company during 2005. An additional $100,000 was advanced by that company in January 2006. These advances were originally intended for the purchase of common stock. Both of these advances were repaid in March 2006. The Company had a contractual arrangement for administrative services with the wife of the principle shareholder of the corporation. This arrangement was terminated during 2006. Compensation for these services was $3,500 per month. In 2006, the Company paid $10,500 for these services. 5. EXPENSES Expenses consist primarily of professional fees ($11,095), transfer agent fees ($2,150), and filing fees ($1,005). 7


AMANASU TECHNO HOLDINGS CORPORATION
                (A Development Stage Company)
                NOTES TO FINANCIAL STATEMENTS December 31, 2007 6. INCOME TAXES The Company has experienced losses since its inception. As a result, it has incurred no Federal income tax. The Internal Revenue Code allows net operating losses (NOL's) to be carried forward and applied against future profits for a period of twenty years. The available NOL's totaled $776,037 at December 31, 2007. The potential benefit of these NOL's has been recognized on the books of the Company, but it has been offset by a valuation allowance. If not used, the NOL carryforward will expire in the years 2021 through 2027. Under Statement of Financial Accounting Standards No. 109, recognition of deferred tax assets is permitted unless it is more likely than not that the assets will not be realized. The Company has recorded noncurrent deferred tax assets as presented below. These deferred tax assets increased during 2007 by $2,400, the result of adding the potential benefit of 2007 losses. Deferred Tax Assets
                        $
                        114,406Valuation Allowance
                        
                        114,406Balance Recognized
                        $
                        - 7. IMPAIRMENT The Company has an investment totaling $160,000 in licensing rights for certain patented magnetic and power generating technology (see Note 1). During 2006, the value of these rights was reviewed and impairment was found to have occurred. As a result, the remaining unamortized cost of these rights was reduced to $-0- through a $103,528 loss provision. 8. RENTALS UNDER OPERATING LEASES The Company shares office space in Vancouver, New York and Tokyo with Amanasu Environment Corporation. This arrangement is on a month to month basis. Rent totaled $3,750 in 2006; there was no rent expense incurred in 2007. 9. 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 2007 or 2006. 10. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS The Company does not anticipate the adoption of recently issued accounting pronouncements to have a significant effect on the Company's results of operations, financial position or cash flows. 11. SUBSEQUENT EVENTS On February 10, 2006, a law suit was commenced in which the Company, an affiliated company, and an officer of the Company were named as defendants. The lawsuit was settled in May 2007. Under the terms of the settlement, the Company, its affiliate, and the officer were obligated to pay $260,000 in monthly installments of $10,000 each. The Company does not expect to incur any expense as a result of this settlement, because the officer involved in the suit has agreed to take personal responsibility for the settlement.

                Thusfar, payments totaling $220,000 have been made against this obligation.  Management does not expect further payment to be required.  The Company has not made any of these payments, and management does not expect that any payments will be required from the Company. 8


**SIGNATURES**

				In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the
				registrant has duly caused this report to be signed on its behalf by the
				undersigned, thereunto duly authorized.

				Amanasu Technologies Corporation


|/s/ Yukinori Yoshino             |  |                   
|-------------------------------- |  | ------------------
|                                 |  |                   
|Yukinori Yoshino                 |  | September 12, 2008
|                                 |  |                   
|President                        |  |                   
|And Principal Accounting Officer |  |                   

In accordance with the Exchange Act, this report has been signed below by the
				following persons on behalf of the registrant and in the capacities and on the
				dates indicated.


|/s/ Atsushi Maki     |  |                   
|-------------------- |  | ------------------
|                     |  | September 12, 2008
|Atsushi Maki         |  |                   
|Director & Chairman  |  |                   
|                     |  |                   
|                     |  |                   
|/s/ Yukinori Yoshino |  |                   
|                     |  | September 12, 2008
|Yukinori Yoshino     |  |                   
|Director             |  |                   




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