SECURITIES
      AND EXCHANGE COMMISSION


WASHINGTON,
      D.C. 20549





FORM
      10-KSB/A





ANNUAL
      REPORT PURSUANT TO SECTION 13 OR 15(d) OF


THE
      SECURITIES ACT OF 1934





For
      the
      Fiscal Year Ended December 31, 2004





COMMISSION
      FILE NO. 0-49719




AMANASU
      TECHNOLOGIES CORPORATION


(Name
      of
      small business issuer as specified in its charter)





NEVADA
            
            98-0351508(State
                or other jurisdiction of incorporation)
            
            (IRS
                EmployerIdentification
                No.)





701
      FIFTH
      AVENUE, 42nd FLOOR, SEATTLE, WA 98104





(Address
      of principal executive offices)





206-262-8188





(Issuer's
      telephone number)





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 March 15, 2005, computed by reference to the price at which the
      stock was sold on that date: -0-





The
      number of shares outstanding of the registrant's Common Stock, no par value,
      as
      of March 15, 2005 was 46,506,300 common shares.













**PART
      I**


**Item
      1.** **** **Description
       Of  Business.**





**General**





Amanasu
      Technologies 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. 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 701 Fifth Avenue, 42nd Floor,
      Seattle, Washington 98104, and its telephone number is (206) 262-8188. 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.





License
      Agreement .





Effective
      February 10, 2000, Amanasu Corporation obtained the exclusive, worldwide rights
      to a high efficiency electrical motor and a high powered magnet pursuant to
      a
      licensing agreement with its inventors. The term of the licensing agreement
      is
      30 years, and is subject to a two percent royalty payable to the inventors
      on
      the gross receipts from the sale of products using the licensed technology.
      The
      agreement is assignable by Amanasu Corporation, provided that, the assignee
      assumes the other terms and conditions of the license agreement, including
      the
      payment of the two percent gross royalty to the licensors. The inventors may
      terminate the agreement if the licensees or its assigns fail to cure any default
      within 90 days after receiving notice of such default from the
      licensors.





Transfer
      of the license Agreement .





Effective
      March 10, 2000, Amanasu Corporation transferred the right to Amanasu
      Technologies Corporation (Genesis Water Technology, Inc. then, and later renamed
      to Amanasu Technologies Corporation as of June 7 th ,
      2001),
      and the Company succeeded to 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
      temporarily lent by Mr. Atsushi Maki as an individual, and as of March 21st,
      2002, the Company reimbursed $100,000 to Mr. Maki.





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: 1,000,000 shares to each of Wanxuan
      Lei, Shiyang Lei, and Jufang Zhang; 100,000 shares to Tokuo Goshima, 500,000
      shares to Takashi Yamaguchi, and 50,000 shares to Machiaki Iwasaka; and
      2,700,000 shares to Atsushi Maki.





The
      shares issued to Wanxuan Lei, Shiyang Lei, and Jufang Zhang were issued in
      exchange for product marketing services to be performed by these parties for
      the
      Company in respective countries of China, Korea, and Taiwan, as further
      described in Item 1 section Markets and Marketing below. None these individuals
      are affiliated with the inventors or Amanasu Corporation.





The
      shares issued to Takashi Yamaguchi were as required under the license agreement,
      however, not for any future services to be performed by these parties to the
      Company. Takashi Yamaguchi is a consultant of a Y.T. Magnet Corporation, a
      company owned by the principal inventor.





The
      shares issued to Tokuo Goshima and Machiaki Iwasaka, were originally issued
      in
      December 2001 for marketing and technical services. The above noted shareholders
      did not perform these services and at the request of these shareholders, the
      Company canceled the shares in January 2003. No consideration was paid to these
      shareholders.





The
      shares issued to Mr. Maki were issued in exchange for product marketing services
      to be performed by Mr. Maki in Japan, as further described in Item 1 section
      Markets and Marketing below.





The
      license agreement subjects the Company to the terms and conditions of the
      initial license agreement held by Amanasu Corporation, and as a result, it
      is
      required to pay the inventors a royalty of two percent of the gross receipts
      from the sale of products using the technology. The term of the license
      agreement is 30 years from the date of the agreement between the Amanasu
      Technologies Corporation and the inventors. However, if the Company fails to
      comply with any provision of the agreement after a 90-day notice period, the
      licensors may terminate the agreement.





The
      Company intends to use the technologies to produce a lightweight, electrical
      motor scooter to compete in the emerging, light electric vehicle industry.





Background
      of Technology .





The
      high
      efficiency electrical motor and the high powered magnet technologies were
      developed by the principal inventor, Yasunori Takahashi. Mr. Takahashi
      subsequently transferred the rights to the technologies to his son, Yoshiaki
      Takahashi. Yoshiaki Takahashi patented the motor technology in the United States
      on January 19, 1999 (Patent #5,861,693) and in Canada on February 20, 2001
      (Patent #2,164,745), and patented the magnet technology in the United States
      on
      November 24, 1998 (Patent # 5,480,133).





In
      the
      first half of 1996, the principal inventor entered into a distribution
      arrangement with a former business associate located in Taiwan, who agreed
      to
      market the scooter in Taiwan. Based on this arrangement, the inventor produced
      approximately 20,000 scooters at his manufacturing facility located in Japan
      using earlier versions of the technologies. The scooters were shipped directly
      to the distributor in Taiwan on a consignment basis. However, the distributor
      failed to pay the inventor for the delivered scooters and also failed to return
      the scooters. Consequently, the arrangement was terminated in late 1996. As
      of
      result of the actions of the Taiwan distributor, the inventor lacked sufficient
      working capital to continue to produce and market the scooter, and his
      operations ceased in late 1996. Following the cessation of operation until
      February 2000 when he entered into the licensing agreement with Amanasu
      Corporation as discussed above, no operations were conducted by the inventor
      other than to further refine the technologies.




The
      inventor conducted his prior operation in compliance will all governmental
      rules
      and regulations. In this regard, the inventor received approvals from the
      Japanese Regional Land and Transportation Bureau, and the Taiwanese Department
      of Finance in the Ministry of Economic Development. He also received approval
      from the local prefecture (government) in Tokyo for his assembly operations.





Description
      of Technology .





The
      technologies sub-licensed by the Company consist of a high efficiency electric
      motor and a high powered magnet. Both technologies have been patented by the
      inventor under separate patent filings in the United States. The motor
      technology also was patented in Canada. The Company expects to manufacture
      and
      sell a proprietary electric motor scooter which incorporates the advantages
      of
      the two technologies. Management believes the competitive advantages of the
      electric motor scooter are its ability to travel longer distances between each
      battery recharge, as well as a significantly shorter battery recharge time
      than
      other electric motor scooters in the market. The belief of management is
      premised upon the comparison of results between independent tests conducted
      by
      Sanwa Electronics Co., Inc., on behalf of the Company, with respect to its
      electric scooter and data published by Honda regarding its electric scooter.
      This comparison is discussed in “Description of Products”
below.





Conventional
      electric motors convert electric energy received from a power source such as
      a
      battery to mechanical energy for use in the desired motorized application.
      However, the conversion efficiency, that is, the amount of energy actually
      converted to mechanical energy generally is reduced due to a number of factors
      such as motor friction and vibration, and electro-magnetic loss. This
      inefficient use of energy, or energy deficit, depletes the energy supply stored
      in the battery causing motor stoppages. Therefore, frequent battery recharging
      is required to maintain successive operation of a conventional electrical motor.
      The proprietary motor to be used by the Company supports longer motor usage
      intervals between battery re-charges. It also accomplishes this operation on
      a
      significantly shorter battery re-charge time. The properties of this brushless
      motor, exclusive of the high-powered magnet, are such that it generates
      electricity with the first power supply, storing it in a regenerative condenser
      and recycling it as electrical power. By connecting parallel condensers, it
      reduces consumption of electrical power. The patented magnet is a low cost,
      glass bonded magnet that has a magnetic force 10 times greater than a
      conventional ferrite magnet resulting is a substantially lower electro-magnetic
      loss during operation. The electric motor to be manufactured by the Company
      employing the combined technologies is expected to exhibit greater operational
      efficiencies than other conventional electric motors. The Company, in marketing
      its product, expects to leverage upon the operational efficiencies of its
      technologies, as well as to capitalize upon the growing trend towards
      environmentally friendly vehicles.








Description
      of Products .





The
      Company intends to participate in the emerging electric vehicle market by using
      its licensed technologies to design, manufacture, and sell lightweight, electric
      motor scooters. The Company is planning to provide its own technology of battery
      charging system to Evader Motorcycle, Inc. and develop better and advanced
      product of electric scooter in cooperation. The Company may aim to open the
      market in Japan and mainly in Southeast Asia.




The
      Company's principal product will be a lightweight motor scooter that features
      the Company's proprietary electric motor. The one passenger scooter also will
      feature a step less transmission, an electromotive brake, and is expected to
      weigh 107 kg. The Company will use an otherwise standard leaded battery. Due
      to
      the unique features of the licensed technologies, the scooter is expected to
      deliver improved operational efficiencies over competitive products. On December
      26, 2001, Sanwa Electronics Co., Inc. performed two independent tests on one
      of
      the Company's scooters. The test results indicated that the motor scooter can
      travel 65 to 85 km on a full battery charge, at an average running speed of
      30
      km/hour. The battery charge time to travel these distances approximated 2 hours.
      Sanwa Electronics conducted the tests on a relatively flat road grade with
      limited traffic density. These results contrast with Honda's electric scooter
      (Year 2001-Model #A-AF36). According to product literature published by Honda,
      the scooter travels approximately 60 km at 30 km/hour, and a full recharge
      requires approximately 8 hours. Conditions, such as road grade and travel
      density, regarding the scooter were not contained in the Honda information.





The
      Company recognizes there have been major barriers to widespread adoption of
      electric motor scooters. These barriers include higher retail pricing of
      electric motor scooters compared to gas-powered versions. In addition, electric
      motor scooters have labored under its operational limitations, such as limited
      travel range and lengthy battery charge time. The Company believes that its
      product will favorably respond to these barriers. The Company expects to
      competitively price its scooter with others in the marketplace. For example,
      despite the unique features of its motor, the Company expects its motor scooter
      to retail slightly higher than gas powered versions, however, at discount of
      between 20% to 30% to the Honda model identified above. It believes that the
      operational efficiencies of its scooter, that is its longer travel range and
      shorter charge time, will overcome some of the operational limitations that
      have
      plagued other electric scooters.





Gas
      powered scooters while generally an inexpensive mode of transportation,
      typically are powered by two-stroke engines fueled by an oil and gasoline
      mixture. These engines are small with compressed power, and therefore ideally
      suited for scooter use. However, two stroke engines are commonly identified
      by
      clouds of oily smoke trailing the engine, which evidences its major
      disadvantages. Two stroke engines use fuel inefficiently and, more importantly,
      have high pollution emissions. They generate pollution from two sources; the
      combustion of oil in the fuel, and the leaking of fuel through the exhaust
      port
      during engine use. In promoting its product to its targeted markets, the Company
      will seek to capitalize on its strong operational efficiencies of the technology
      compared with other electric scooters, while championing its product's
      environmental advantages to gas powered versions.





Competition .





The
      Company expects to confront intense competition in electric vehicle market.
      The
      major manufacturers in the electrical bicycle/scooter market are Honda, Suzuki,
      Sanyo and Yamaha which sell their products principally in the Far East and
      Europe. In addition, other smaller manufacturers exist in this market throughout
      the world. Despite the robust competition, the Company believes that it maintain
      certain competitive advantages in this market. Specifically, it believes that
      its scooter’s ability to travel longer distances on an existing charge as well
      the shorter charge time are important competitive advantages. In addition,
      the
      Company expects to sell its scooter at prices ranging from 20 to 30% less than
      a
      comparable product manufactured by the major manufacturers. Consequently, the
      Company believes due to these competitive advantages, it will be able to
      effectively compete in this market.




Manufacturing
      And Suppliers .





Market
      place of electric scooter has become intensely competitive. Offering shorter
      recharging time and more economical sales price are the primal keys. The Company
      conducted a procedure of manufacturing the product in China due to cutting
      down
      on the cost, and hoped it would work through to meet the Company’s expectation.
      However the significant issue which was difficulty of protecting the proprietary
      technology unwillingly emerged. Additionally there were some major concerns
      which were securing follow-ups, warrant and maintenance of the product due
      to
      safety and protection of incidents from the result of its deficiency, and
      handling and managing such matters perfectly is overwhelming. To solve the
      2
      major issues, the Company has come to the potential solution in connection
      with
      making a revenue and profit, which is cooperation with a company who has already
      produced complete product of electric scooter in successful marketing condition.
      The Company has encountered Evader Motorcycle, Inc. (U.S.A) who has commercially
      produced their electric scooters and sold it in 20 countries. The Company
      considers Evader as a prospective company that the Company might share its
      technology with and create more improved and advanced technology of electric
      scooter which would make a strong impact to the market. The Company may pursue
      the exclusive right to Evader’s already existing product to open the market in
      Japan for the first step





Markets
      And Marketing .





Motor
      scooters have been one of the primary modes of transportation worldwide for
      many
      years with particular widespread use in congested cities of Europe and the
      Far
      East. Recently, motor scooter use has descended upon many cities in the United
      States. Scooter use in these geographical areas initially has been gas-powered
      models, however, in recent years electrical powered scooters have been
      introduced to these areas. The growth of the market for electric vehicles in
      the
      United States has been led by federal, state, and local laws aimed at reducing
      pollution levels from conventional gas powered vehicles, including two-stroke
      vehicles like motorcycles and scooters. The U.S. Energy Policy Act of 1992
      provides that federal, state and public utility fleets must begin to purchase
      alternative fuel vehicles in 1993 with major acceleration of these purchases
      to
      begin in 1998. The State of California has mandated that 10% of all new car
      sales in the state must be zero emission vehicles by the year 2003, and other
      states have enacted similar directives. In addition, municipalities in
      California and Colorado are offering $250 rebates to buyers of electric
      vehicles. Globally, a similar effort is underway. The Republic of China
      seemingly has embraced electric vehicle usage. China gives buyers of electric
      scooters a rebate equivalent to $200 (US). During 1999, it sponsored a $12
      million program to put three to five thousand electric vehicles on the road
      by
      2000. Finally, it recently banned the licensing of new gas-powered bicycles
      in
      the cities of Shanghai and Beijing. In Europe, France has agreed to provide
      rebates of the additional cost of electric vehicles over conventional vehicles
      and is providing free parking to electric vehicles in Paris. The Company
      believes that the its plan of operations of manufacturing and selling electric
      scooters will benefit from these legislative efforts.





The
      Company's strategic focus was to establish a distribution network in North
      America and Japan, subject to the Company raising sufficient working capital
      for
      its operations. The Company would use independent marketing representatives
      to
      identify prospective distributors and other potential users such as local and
      regional governments within designated territories. Wanxuan Lei, Shiyang Lei,
      and Jufang Zhang were the Company’s independent marketing representatives for
      the territories of China, Korea, and Taiwan respectively. In North America,
      the
      President and an independent consultant would lead the marketing efforts in
      North America. **** However,
      the Company has come to the point where it might enter a contract with Evader
      Motorcycle, Inc. for a business cooperation, which may result in skipping some
      process of having a foundation for production line and after-care service line,
      and leaping widely toward actual commercial sale and distribution. Therefore
      Wanxuan Lei, Shiyang Lei, and Jufang Zhang are considered to be finished with
      their supports for the Company and have started focusing on their individual
      pursuits. The Company will remain the relationship with them and will seek
      for
      their supports as the need arises. The Company estimates the cost approximately
      $100,000 on the promotion for the Evader’s electric scooter. Once an arrangement
      is formalized with Evader Motorcycle, Inc., the marketing representative of
      the
      Company will make sales directly to the distributors in Japan. As the number
      of
      sales result increased, the Company will enter discussion of a new project
      which
      is expansion of its market place in other Asian countries.




Each
      distributor for the Company likely will be an existing distributor of motor
      scooters in Japan, and will be granted a designated territory on an exclusive
      or
      non-exclusive basis. In order to maintain exclusivity, each distributor will
      be
      required to purchase a minimum number of scooters according to the agreement
      which in discussion at present. The Company believes that these principal
      markets are attractive because of the high demand for motor scooters coupled
      with the growing worldwide effort to limit emissions from gas-powered vehicles.
      The Company will seek to leverage its operating advantages to sell Evader’s
      electric scooter to existing scooter distributors in Japan.





Proprietary
      Rights .





Pursuant
      to the license agreement with the Amanasu Corporation, the Company obtained
      the
      exclusive world-wide rights to the proprietary motor and magnet technologies
      for
      a period of 30 years. The Company considers the technologies and know-how as
      proprietary and will use a combination of trade secrets, non-disclosure
      agreements, license agreements, and patent laws to protect its licensed
      proprietary rights.





Although
      the Company received the exclusive worldwide rights under the licensing
      agreement, the technology is patented only in the United States and Canada.
      The
      magnet technology was patented by the inventor in the United States in November
      1998 (Patent #: 5,840,133-filed February 7, 1997) and motor technology was
      patented by the inventor in the United States in January 1999 (Patent #:
      5,861,693-filed November 17, 1995) and in Canada in February 2001 (Patent #:
      2,164,745-filed December 8, 1995). The patents expire in both the United States
      and Canada 20 years from the respective original filing date. The Company
      anticipates that it will file for patent protection in other countries prior
      to
      any marketing efforts in such country, and no other patents regarding the
      technologies are pending or planned.





Government
      Regulations





Generally,
      the Company will be required to receive regulatory approval from various
      governmental agencies to conduct its operations. These regulatory approvals
      will
      require the Company to obtain and retain numerous governmental permits to
      conduct various aspects of its operations, any of which may be subject to
      revocation, modification or denial. The Company makes a continuing effort to
      anticipate regulatory, political, and legal developments in its principal
      markets in the Asian, North and South American markets that might affect its
      operations, but it is not always able to do so. The Company cannot predict
      the
      extent to which any legislation or regulation that may be enacted, amended,
      repealed, reinterpreted, or enforced in the future may affect its operations.
      Such actions could adversely affect the Company's operations or impact its
      future financial condition or earnings. The Company however does expect that
      its
      scooter will comply with all governing regulations in those countries that
      it
      intends to sell its product.





Employees.





As
      of
      December 31, 2004, the Company has no full time employees. During 2004, the
      Secretary of the Company has rendered consulting services to the Company in
      the
      amount of $42,000.




**Item
      2.** **** **Description
      Of Property.**





The
      Company's executive offices are located at 701 Fifth Avenue, 42nd Floor, and
      Seattle, Washington 98104. The premises are 1,500 square feet and are subleased
      at a monthly rate of $1,550 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 underlying lease expires September 30,
      2005. The Company sub-leases a Seattle apartment from Amanasu Environment
      Corporation for a monthly rental of $1,000. The underlying lease expires October
      15, 2005. The rental amounts for both premises are shared equally with Amanasu
      Environment Corporation. 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 a month to month basis at a monthly rental of $2,500 per
      month. Amanasu Environment Corporation occupies the same premises and pays
      the
      same rental amount. The Company believes additional lease space at this location
      will be available to support its future growth.





The
      above
      agreements between the Company and Mr. Maki are oral arrangements. Other than
      as
      indicated, no other rental expenses will be charged to the Company by Mr. Maki
      for such periods. The conditions of both premises are good.





**Item
      3.** **** **Legal
      Proceedings** **.**





None.





**Item
      4.** **** **Submission
      Of Matters To A Vote Of Security Holders.**





None







**PART
      II**





**Item
      5.** **** **Market
      For Common Equity And Related Stockholder Matters.**





There
      is
      no public market for the Company's equity securities. The Company intends to
      establish a public market for its common stock in the United States. The Company
      will seek a market maker to file a Form 211 application with the NASD in order
      for its common stock to be quoted on the over the counter bulletin board of
      the
      NASD. The application will be subject to the review and approval of NASD. As
      of
      December 31, 2004, (i) there are no outstanding warrants or options to purchase,
      or securities convertible into common stock of the Company and (ii) 45,989,650
      shares of common stock can be sold pursuant to Rule 144, of which 5,446,600
      shares can be sold pursuant to Rule 144 (k). The remaining shares are held
      by
      control person and, as such, are subject to the other limitations of Rule 144,
      including the 1% limitation discussed below. Under Rule 144, shareholders whose
      restricted shares meet the rule's one year holding provisions, including persons
      who may be deemed affiliates of the Company, may resell restricted securities
      in
      broker's transactions or directly to market makers, provided the number of
      shares sold by such holder in any three month period is not more than the
      greater of 1% of the total shares of common stock then outstanding or the
      average weekly trading volume for the four calendar week period immediately
      prior to each such sale. After a non affiliated shareholder meets the two year
      holding period of the rule, restricted securities may be resold without regard
      to the above restrictions. Restricted securities held by affiliates must
      continue, even after the two year holding period, to meet the resale limitations
      discussed above.




If
      and
      when the Company's securities are traded, the securities may likely be deemed
      a
      "penny stock". The Securities and Exchange Commission had adopted Rule 15g-9
      which establishes the definition of a "penny stock," for purposes relevant
      to
      the Company, as any equity security that has a market price of less than $5.00
      per share or with an exercise price of less than $5.00 per share, subject to
      certain exceptions. For any transaction involving a penny stock, unless exempt,
      the rules require: (i) that a broker or dealer approve a person's account for
      transactions in penny stocks and (ii) the broker or dealer receive from the
      investor a written agreement to the transaction, setting forth the identity
      and
      quantity of the penny stock to be purchased. In order to approve a person's
      account for transactions in penny stocks, the broker or dealer must: (i) obtain
      financial information and investment experience and objectives of the person
      and
      (ii) make a reasonable determination that the transactions in penny stocks
      are
      suitable for that person and that person has sufficient knowledge and experience
      in financial matters to be capable of evaluating the risks of transactions
      in
      penny stocks. The broker or dealer must also deliver, prior to any transaction
      in a penny stock, a disclosure schedule prepared by the Commission relating
      to
      the penny stock market, which, in highlight form, (i) sets forth the basis
      on
      which the broker or dealer made the suitability determination and (ii) that
      the
      broker or dealer received a signed, written agreement from the investor prior
      to
      the transaction. Disclosure also has to be made about the risks of investing
      in
      penny stocks in both public offerings and in secondary trading, and about
      commissions payable to both the broker-dealer and the registered representative,
      current quotations for the securities and the rights and remedies available
      to
      an investor in cases of fraud in penny stock transactions. Finally, monthly
      statements have to be sent disclosing recent price information for the penny
      stock held in the account and information on the limited market in penny
      stocks.





As
      of
      March 15, 2005, 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 Information****Plan
                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





During
      the quarter ended June 30, 2003, 20,000 shares were allotted to Reraise
      Corporation, a private Japanese company, at a price of $4.99 per share for
      total
      consideration of $99,900. As of the date hereof, the shares have not been issued
      due to pending documentation needed to affect a new share issuance. As a result,
      the $99,900 capital contribution should be considered a liability until such
      shares have been issued. This transaction was previously recorded as a capital
      transaction in error.




**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.





The
      Company’s plan of operations for the next 12 months is to consider providing its
      patented fast battery charging technology adopting Evader’s existing electric
      scooter and develop and improve Evader’s scooter to be competitive, rather than
      only working on the Company’s product struggling with raising capital and delay
      of its commercial production. Because, compare to other electric scooters,
      the
      electric scooter produced by Evader Motorcycle, Inc. is relatively systemized
      fast battery charging time, and most of all, Evader already has its production
      line and establishes the after-care- service management. Cooperating with Evader
      may benefit the Company that the Company may just focus on marketing and sales
      promotion. The Company considers opening the market in Japan for the next 12
      months and then the countries of Southeast Asia, which may be the main market
      place of the improved Evader’s scooter in the future. The sales price of the
      scooter will be $1,300-1,850/unit and sales quantity will be 2,000units. The
      Company will primarily invest $150,000 for the marketing and sales promotion
      of
      Evader’s electric scooter. The Company is expecting a profit of $400,000
      ($200/unit (profit) X 2,000 units (prospective sales)) for next 12 months.





The
      Company has also encountered an opportunity to consider marketing healthy food
      productions such as cheese, butter, salad dressing, mayonnaise, bread, and
      beverage, processed with soybean. The Company is estimating $350,000 of
      investment for this project whether investing existing company for cooperation
      or establishing a new company which produces healthy products.





The
      Company's cash requirements for the next 12 months are estimated to be $500,000.
      This amount is comprised of the following estimate expenditures; $100,000 in
      annual salaries for office personnel, office expenses and travel, $60,000 for
      rent, $20,000 for professional fees, and $10,000 for miscellaneous
      expenses.





As
      stated
      above, the Company cannot predict whether or not it will be successful in its
      capital raising efforts, and, thus, be able to satisfy its cash requirements
      for
      the next 12 months. If the Company is unsuccessful in raising at least $500,000,
      it may not be able to complete its plan of operations as discussed
      above.




During
      the fiscal 2004 and 2004, the Company spent $-0- and $-0- respectively on
      research and development.





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 $100,000 should be considered a liability until such shares
      have
      been issued. 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, 2004 were $167,425 representing a decrease of $20,179
      from total assets of $187,604 as of December 31, 2003.





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.





**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 and long term to meet its ongoing
      operating requirements. Compare to other electric scooters, the electric scooter
      produced by Evader Motorcycle, Inc. is relatively systemized fast battery
      charging time. The Company is considering to providing its patented fast battery
      charging technology adopting Evader’s existing electric scooter, and cooperate
      with Evader to open the market in Japan and the countries of Southeast Asia.
      Evader already has its production line and establishes the after-care-service
      management; therefore the Company may be able to just focus on marketing and
      sale promotion. In the future, the need includes funds for marketing promotion
      of the improved scooter. 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
      Company presently maintains proto-type versions of its scooter. **** The
      Company must undertake limited product development with
      respect its product in order for it to be commercially available for sale.
      The
      Company’s intention is to cooperate with Evader in connection with manufacturing
      and marketing an advanced electric scooter. Evader has its production line
      and
      establishes the after-care-service management. The Company expects that starting
      a joint business with Evader may benefit the Company that the Company may not
      hustle into establishing its own production line, collecting human resources
      in
      each section, or systemizing after-care-service management, or all other
      elements constituting complete manufacturing. Evader and the Company could
      take
      charge of responsibility for the project that the Company could provide the
      developed technology to Evader for improvement and refinement of their original
      product, and Evader could take a part of manufacturing. In that case, the
      Company may just focus on marketing and sales promotion, and it would cut down
      the Company’s expenses and may set less overwhelming numbers in the budget. The
      Company estimates that approximately $100,000 will be needed in marketing
      promotion ,
      and
      other expenditures. The Company cannot predict that even with such expenditures,
      weather it will be successful in developing complete products ready for
      commercial sale in the near future or at any time.





**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 Indications Of Product Acceptability** .  The
      success of the Company will be dependent upon its ability to develop
      commercially acceptable advanced products adopting its technology to Evader’s
      existing product, and to sell such products in quantities sufficient to yield
      profitable results. To date, the Company has received no indications of the
      commercial acceptability of any of its scooter. Accordingly, the Company can
      not
      predict whether its products can be marketed and sold in a commercial
      manner.





**Lack
      Of Established Distribution Channels** .  The
      Company does not have an established channel of distribution for any of its
      scooter at present. However Evader Motorcycle, Inc. has already its own
      distribution channels in Europe and thorough warranty system established for
      their scooter. If the Company enters cooperation with Evader, and if the Company
      just provide its patented technology of advanced battery system to Evader to
      improve the efficiency of the existing product, the Company can just focus
      on
      establishing a network of designated dealers in targeted markets in Japan and
      South East Asia at such time as it has completed the product development and
      the
      scooter is ready for commercial sale. 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** .





Within
      the 90-day period prior to the filing of this annual report on Form 10-KSB,
      the
      Company carried out an evaluation of the effectiveness of the Company’s
      disclosure controls and procedures (as defined by Rule 13a-14(c) under the
      Securities Exchange Act of 1934) under the supervision and with the
      participation of the Company’s chief executive officer and chief financial
      officer. Based on and as of the date of such evaluation, the aforementioned
      officers have concluded that the Company’s disclosure controls and procedures
      have functioned effectively so as to provide those officers the information
      necessary whether:





(i)
      this
      annual report on Form 10-KSB contains any untrue statement of a material fact
      or
      omits to state a material fact necessary to make the statements made, in light
      of the circumstances under which such statements were made, not misleading
      with
      respect to the period covered by this annual report on Form 10-KSB, and(ii)
      the
      financial statements, and other financial information included in this annual
      report on Form 10-KSB, fairly present in all material respects the financial
      condition, results of operations and cash flows of the Company as of, and for,
      the periods presented in this annual report on Form 10-KSB.





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** **.**





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
            57
            DirectorLina
                Lei
            45
            SecretaryHideyuki
                Shiraishi
            46
            Chairman,
                President, and Chief Financial
                Officer





Atsushi
      Maki has
      been
      the a Director of the Company since June 1, 2001. 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
      reporting 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 five 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.





Hideyuki
      Shirai has
      been
      Chairman, President, and Chief Financial Officer since November 12, 2004 after
      the resignation of Masafumi Hata, the previous Chairman, President, and Chief
      Financial Officer of the Compnay. From 1997 throughout 1999, Mr. Shiraishi
      held the post of Trustee of the Japan Council of Shopping Centers (the
      " *Council* ").
       The Council is a member of the International Council of Shopping Centers
      and is the global trade association of the shopping center industry.  From
      March 1999 through June 2000, Mr. Shiraishi became the Representative Director
      of Sephora AAP Japan and launched 6 stores in Ginza, Shinsaibashi, Shibuya,
      Shinjuku, Ikebukuro, and Laraport.  From July 2000 through May 2003, Mr.
      Shiraishi became the Director of Real Estate and Property Development at LVMH
      Moet Hennessy Louis Vuitton Japan, a parent company of Sephora, where he
      launched several stores in Japan for companies such as Chaumet and Christian
      Dior.  From June 2003 to present, Mr. Shiraishi has held the position Chief
      Project Leader for the Institute for Eco and Economic Systems (the " *Institute* ").
       The Institute's main objective is to develop environmentally friendly
      products for used in all areas of commerce.  As Chief Project Leader, Mr.
      Shiraishi is responsible in heading the department of New Product Development.







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





Ms.
      Lina
      Lei, an officer of the Company, received $42,000 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 2004. **** 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 March 15, 2005, 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
      March 15, 2005. 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
            Hideyuki
                Shiraishi
            70,000
            
            <1%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 40,443,700 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
      2004, Lina Lei, an officer of the Company, received $10,000 in exchange for
      performing consulting services for the Company.





The
      Company shares office space for its Seattle and Tokyo offices and shares an
      apartment in Seattle 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 filed 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.


Resignation
      of Charlie Lan as Chairman, President, Chief Financial Officer, Director,
      Secretary and Treasurer on May 15, 2003. (filed on May 21, 2003)


Resignation
      of Masafumi Hata as Chairman, President, Chief Financial Officer, Director,
      Secretary and Treasurer on November 12, 2004. (filed on November 16,
      2004)





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





(1).
      Audit fees for 2004 were $8,585 and for 2003 were $8,470.


(2)
      Audit
      Related Fees for 2004 and 2003 were $0.


(3)
      Tax
      Fees for 2004 were $0 and 2003 were $0.


(4)
      All
      Other Fees were $0.


(5)
      N/A


(6)
      Not
      greater than 50% for 2004 and 2003.







**AMANASU
      TECHNOLOGIES CORPORATION**





**(A
      Development Stage Company)**





**FINANCIAL
      STATEMENTS**





**DECEMBER
      31, 2004**










CONTENTS











PageAccountant’s
                Audit Report
            1Balance
                Sheet
            2Statements
                of Operations and Deficit
                Accumulated During Development Stage
            3Statements
                of Changes in Stockholder’s
                Equity
            4Statements
                of Cash Flows
            5Notes
                to Financial Statements
            6




*Financial
          Table of Contents*




**ROBERT
      G. JEFFREY**


**CERTIFIED
      PUBLIC ACCOUNTANT**


**61
      BERDAN AVENUE**


**WAYNE,
      NEW JERSEY 07470**




**LICENSED
                TO PRACTICE**
            
            **TEL:
                973-628-0022****IN
                NEW YORK AND NEW JERSEY**
            
            **FAX:
                973-696-9002****MEMBER
                OF AICPA**
            
            **E-MAIL:
                rgjcpa@optonline.net**




**PRIVATE
      COMPANIES PRACTICE SECTION**


**MEMBER
      CENTER FOR PUBLIC COMPANY AUDIT FIRMS**


**REGISTERED
      PUBLIC ACCOUNTING FIRM WITH**


**PUBLIC
      COMPANY ACCOUNTING OVERSIGHT BOARD**




Board
      of
      Directors


Amanasu
      Technologies Corporation





I
      have
      audited the accompanying balance sheet of Amanasu Technologies Corporation
      (a
      development stage company) as of December 31, 2004, 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, 2004 and
      2003 and the period of December 1, 1997 (inception of development stage) to
      December 31, 2004. These financial statements are the responsibility of the
      Company management. My responsibility is to express an opinion on these
      financial statements based on my audit.





I
      conducted the audit in accordance with the standards of Public Company
      Accounting Oversight Board (United States). Those standards require that I
      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 was I engaged to perform, an audit of its internal control over
      financial reporting. My 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, I 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. I believe that my audit provides
      a
      reasonable basis for my opinion.





In
      my
      opinion, the financial statements referred to above present fairly, in all
      material respects, the financial position of Amanasu Technologies Corporation
      as
      of December 31, 2004, and the results of its operations and its cash flows
      for
      the years ended December 31, 2004 and 2003 in conformity with U. S. generally
      accepted accounting principles.





As
      discussed in Note 2 to the financial statements, certain errors were discovered
      in the financial statements of the year ended December 31, 2004. Accordingly,
      the 2004 balance sheet, and statements of changes in stockholders’ equity and
      cash flows have been restated to correct the errors.




/s/Robert
      G. Jeffrey


ROBERT
      G.
      JEFFREY


March
      30,
      2005


Wayne,
      New Jersey


*Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES CORPORATION**


**(A
      Development Stage Company)**


**BALANCE
      SHEET**


**December
      31, 2004**




ASSETSCurrent
                Assets:Cash
            
            $
            44,560Total
                current assets
            
            
            44,560Fixed
                Assets:Automobile
            
            
            1,500Less,
                accumulated depreciation
            
            
            987Net
                fixed assets
            
            
            513Other
                Assets:Licensing
                agreement
            
            
            160,000Less,
                accumulated amortization
            
            
            37,648Total
                other assets
            
            
            122,352Total
                Assets
            
            $
            167,425LIABILITIES
                AND STOCKHOLDERS’ EQUITYCurrent
                Liabilities:Advance
                from affiliates
            
            $
            1,525Deposit
                for capital stock
            
            
            99,900Total
                current liabilities
            
            
            101,425Stockholders’
                Equity:Common
                stock: authorized 100,000,000 shares of $.001 par value; 46,656,400
                issued
                and outstanding
            
            
            46,656Additional
                paid in capital
            
            
            550,744Deficit
                accumulated during development stage
            
            
            (531,400
            )Total
                stockholders’ equity
            
            
            66,000Total
                Liabilities and Stockholders’ Equity
            
            $
            167,425




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




-2-
 *Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES
      CORPORATION**


**(A
      Development State Company)**


**STATEMENTS
      OF OPERATIONS AND DEFICIT**


**ACCUMULATED
      DURING DEVELOPMENT STAGE**


Year
                2004
              
              Year
                2003
              
              December
                  1, 1997
                (Date
                  of Inception) To December 31, 2004Revenue
              
              $
              91,912
              
              $
              -
              
              $
              91,912Expenses
              
              $
              113,653
              
              $
              279,322
              
              
              626,734Operating
                  loss
              
              
              (21,741
              )
              
              (279,322
              )
              
              (534,822
              )Other
                  Income-interest
              
              
              37
              
              
              524
              
              
              3,422Loss
                  accumulated during development stage
              
              $
              (21,704
              )
              $
              (278,798
              )
              $
              (531,400
              )Net
                  loss per share - Basic and Diluted
              
              $
              -
              
              $
              -Average
                  number of shares outstanding
              
              
              46,676,400
              
              
              46,646,400




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




-3-
 *Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES
      CORPORATION**


**(A
      Development Stage Company)**


**STATEMENT
      OF CHANGES IN STOCKHOLDERS’ EQUITY**


**FOR
      THE PERIOD DECEMBER 1, 1997 (DATE OF INCEPTION OF DEVELOPMENT STAGE) TO DECEMBER
      31, 2004**


**(Restated)**





**Deficit****Accumulated****Additional**
            
            **During****Common
                Stock**
            
            **Paid-in**
            
            **Development****Shares**
            
            **Amount**
            
            **Capital**
            
            **Stage**
            
            **Total**Balance
                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
            
            
            
            
            
            5,000Capital
                contribution received during 2002
            
            
            -
            
            
            -
            
            
            60,000
            
            
            
            
            
            60,000Net
                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
            
            
            
            
            
            70,000Net
                loss 2003
            
            
            
            
            
            
            
            
            
            
            
            (278,798
            )
            
            (278,798
            )Net
                loss 2004
            
            
            
            
            
            
            
            
            
            
            
            (21,704
            )
            
            (21,704
            )Balance,
                December 31, 2004
            
            
            46,656,400
            
            $
            46,656
            
            $
            550,744
            
            $
            (531,400
            )
            $
            66,000





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




-4-
 *Financial
          Table of Contents*


**AMANASU
      TECHNOLOGIES CORPORATION**


**(A
      Development State Company)**


**STATEMENTS
      OF CASH FLOWS**





Year
              2004
            
            Year
              2003
            
            December
                1, 1997 (Date of Inception)
              To
                December 31,2004**CASH
                FLOWS FROM OPERATIONS:**Net
                loss
            
            $
            (21,704
            )
            $
            (278,798
            )
            $
            (531,400
            )Charges
                not requiring the outlay of cash:Depreciation
                of Amortization
            
            
            9,754
            
            
            9,982
            
            
            38,635Services
                provided for common stock
            
            
            -
            
            
            15,000
            
            
            21,300Changes
                in assets and liabilities:Increase
                in advance from affiliate
            
            
            1,525
            
            
            
            
            
            1,525**Net
                Cash Consumed By Operating Activities**
            
            
            (10,425
            )
            
            (253,816
            )
            
            (469,940
            )**CASH
                FLOWS FROM INVESTING****ACTIVITIES:**Purchase
                of automobile
            
            
            **-**
            
            
            **-**
            
            
            (1,500
            )Payments
                of amount due for licensing agreement
            
            
            -
            
            
            (60,000
            )
            
            (160,000
            )**Net
                Cash Consumed By Investing Activities**
            
            
            -
            
            
            (60,000
            )
            
            (161,500
            )**CASH
                FLOWS FROM FINANCING****ACTIVITIES:**Issuances
                of common stock to investors
            
            
            -
            
            
            -
            
            
            446,100Shareholder
                deposits for common stock
            
            
            -
            
            
            99,900
            
            
            169,900Shareholder
                capital contribution
            
            
            
            
            
            60,000
            
            
            60,000**Net
                Cash Provided By Financing Activities**
            
            
            -
            
            
            159,900
            
            
            676,000**Net
                Change In Cash Balance**
            
            
            (10,425
            )
            
            (153,916
            )
            
            44,560Cash
                balance, beginning of period
            
            
            54,985
            
            
            208,901
            
            
            -Cash
                balance, end of period
            
            $
            44,560
            
            $
            54,985
            
            $
            44,560




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




-5-
 *Financial
          Table of Contents*


**AMANASU
        TECHNOLOGIES CORPORATION**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**December
      31, 2004**







**1.**
            **SUMMARY
                OF SIGNIFICANT ACCOUNTING
                POLICIES**





**Organization
      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, and
      to
      Supreme Group International, Inc. on December 24, 2000. The present name was
      adopted May 30, 2001.





**Business**


The
      Company has acquired worldwide licensing rights for certain patented magnetic
      and power generating technology. It is the intention of the Company to license
      these rights for use by others.





**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, 2004, the Company has been in the development stage
      and all its efforts have been devoted to obtaining worldwide licensing rights
      to
      the technology, which is described above, and planning for marketing its
      products. Except for an unrelated consulting fee received during 2004, no
      revenue had been realized through December 31, 2004.




**Basis
      Of Presentation**


The
      Company has incurred losses from inception to December 31, 2004 of $531,400.
      Capital was raised in the amount of $446,100 in 2001 through the issuance of
      20,036,400 shares of common stock. Additional capital totaling $229,900 was
      raised during 2002 and 2003 through the issuance of 90,000 shares and a capital
      contribution from a major shareholder. These funds are expected to provide
      adequate financing to allow the Company to begin using its licensing
      rights.





**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.




-6-
 *Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES CORPORATION**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**December
      31, 2004**








**1.**
            **SUMMARY
                OF SIGNIFICANT ACCOUNTING POLICIES
                (CONT’D)**





**Intangible
      Assets**


Intangible
      assets are recorded at cost. Amortization is provided by straight line methods,
      using a life of 17 years for the sub-licensing agreement, which is based on
      the
      life of the underlying patent.





**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.





**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.





**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.


-7-
 *Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES CORPORATION**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**December
      31, 2004**






**2.**
            **CORRECTIONS**





Certain
      errors effecting the 2004 financial statements have been discovered. Correcting
      these errors resulted in the addition of an account to the liabilities section
      of the balance sheet, a decrease in common stock and in paid in capital as
      of
      December 31, 2004, changes in the statement of changes in stockholders’ equity,
      and certain changes in the statements of cash flows, for the years ended
      December 31, 2004 and 2003. The financial statements have, therefore, been
      restated to correct these errors. The restated amounts are compared with the
      amounts previously reported in the following tables.





**BALANCE
      SHEET At December 31, 2004**




As
                OriginallyPresented
            
            Adjustments
            
            As
                RestatedDeposit
                for capital stock
            
            $
            -
            
            $
            99,900
            
            $
            99,900Stockholders’
                Equity:Common
                stock
            
            $
            46,676
            
            $
            (20
            )(1)
            $
            46,656Additional
                paid in capital
            
            
            650,624
            
            
            (99,880
            )(1)
            
            550,744Deficit
                  accumulated during development stage
            
            
            (531,400
            )
            
            
            
            
            (531,400
            )Total
                stockholders’ equity
            
            $
            165,900
            
            $
            (99,900
            )
            $
            66,000







**STATEMENTS
      OF CASH FLOWS**


**Year
      Ended December 31, 2003**





As
                OriginallyPresented
            
            Adjustments
            
            As
                RestatedFinancing
                Activities:Issuances
                of common stock to investors
            
            $
            99,900
            
            $
            (99,900
            )(1)
            $
            -Shareholder
                deposits for common stock
            
            
            -
            
            
            99,900
            (1)
            
            99,900Shareholder
                capital contribution
            
            
            60,000
            
            
            -
            
            
            60,000Net
                cash provided by financing activities
            
            $
            159,900
            
            $
            -
            
            $
            159,900




-8-
 *Financial
          Table of Contents*




**AMANASU
          TECHNOLOGIES CORPORATION**
 **(A
        Development Stage Company)**
 **NOTES
        TO FINANCIAL STATEMENTS**
 **December
        31, 2004**


**December
      1, 1997 (Date of Inception) To December 31, 2004**





As
                OriginallyPresented
            
            Adjustments
            
            As
                RestatedFinancing
                Activities:Issuances
                of common stock to investors
            
            $
            546,000
            
            $
            (99,900
            )(1)
            $
            446,100Shareholder
                deposits for common stock
            
            
            70,000
            
            
            99,900
            (1)
            
            169,900Shareholder
                capital contribution
            
            
            60,000
            
            
            -
            
            
            60,000Net
                cash provided by financing activities
            
            $
            676,000
            
            $
            -
            
            $
            676,000





(1)
      During 2003, 20,000 shares of capital stock were subscribed by an investor
      but
      not issued; the shares had still not been issued as of December 31, 2004.





**3.**
            **RELATED
                PARTY TRANSACTIONS**





During
      the year 2003, the majority shareholder made a $60,000 capital contribution
      by
      paying a Company obligation.





The
      Company has a contractual arrangement for administrative services with the
      wife
      of the president of a corporation which owns a majority of the outstanding
      Company stock. Compensation for these services is $3,500 per month.





**4.**
            **EXPENSES**





Expenses
      consist primarily of consulting services ($54,400), professional fees ($16,183),
      rent ($16,006), and amortization of the sub-licensing agreement
      ($9,412).




**5.**
            **INCOME
                TAXES**





The
      Company has experienced losses since its inception which have totaled $531,400.
      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 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 2004.





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
      follows:





Deferred
                Tax Assets
            
            $
            180,676Valuation
                Allowance
            
            
            180,676Balance
                Recognized
            
            $
            -




-9-
 *Financial
          Table of Contents*




**AMANASU
      TECHNOLOGIES CORPORATION**


**(A
      Development Stage Company)**


**NOTES
      TO FINANCIAL STATEMENTS**


**December
      31, 2004**







**6.**
            **RENTALS
                UNDER OPERATING LEASES**





The
      Company has made its offices in quarters which are rented on a month to month
      basis. Rent expense totaled $16,006 during 2004 and $49,869 during
      2003.





**7.**
            **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 2004. There also
      were
      no noncash investing activities during 2003. The following non-cash financing
      activity occurred during the year 2003. Seventy thousand shares were purchased
      by a shareholder for cash in 2002, but not issued until 2003.




-10-
 *Financial
          Table of Contents*




**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/Hideyuki
                ShiraishiHideyuki Shiraishi
            
            November
              1, 2005PresidentAnd
                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 MakiNovember
                1, 2005Atsushi
                MakiDirector/s/
                Hideyuki ShiraishiNovember
                1, 2005Hideyuki
                ShiraishiDirector