SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                FORM 10-KSB

                     [X] ANNUAL REPORT UNDER SECTION 13
              OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                For the Fiscal Year Ended September 30, 2005

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

                        Commission File No. 0-27175

                         ADVANCE TECHNOLOGIES, INC.
               (Name of small business issuer in its charter)

          Nevada                                        95-4755369
(State of other jurisdiction of                     (I.R.S. Employer
 incorporation or organization)                      Identification Number)

               15 N. Longspur Drive, The Woodlands, TX, 77380
                 Issuer's telephone number: (310) 213-2143

Securities registered under Section 12(b) of the Exchange Act:  None.

Securities registered under Section 12(g) of the Exchange Act: 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.
Yes [X]   No [  ]

Check if there is no disclosure of delinquent filers in response to Item
405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of 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]

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

State issuer's revenues for its most recent fiscal year.  $  28,953

The aggregate market value of registrant's Common and Preferred Stock held
by non-affiliates, based upon the average bid and asked sales price for
September 2005 was $ 2,948,000.

As of September 30, 2005, there were 39,498,217 shares of the registrant's
Common Stock outstanding.  On September 30, 2005, there were 26,017,157
shares of Preferred Stock outstanding.

Transitional Small Business Disclosure Format Yes [X]   No [  ]



INFORMATION REQUIRED IN ANNUAL REPORTS OF TRANSITIONAL SMALL BUSINESS
ISSUERS

                                   PART I
                          DESCRIPTION OF BUSINESS

CORPORATION BUSINESS MODEL

     The Advanced Technologies Inc.'s corporation business model is to
develop Infrared imaging systems for commercial market applications.  These
markets fall into the areas of medical, security, and the largest,
transportation. The commercial transportation market consists of air, land,
and sea applications.  These systems are designed to provide two basic
benefits, operational safety and improved security.  These goals are
achieved by utilizing the inherent night vision capability, our core
technology adapted to the specific needs of the market. Infrared technology
is at the heart of these systems.  Infrared technology is based upon
advanced research developed for the US military. Infrared technology has
been designated and approved for dual use (military and commercial) by the
United States government.

     All Military technology has inherent US Government restrictions.
ATI's highest priority is to ensure we are compliant with restrictions
imposed by the US government.  The restrictions and methods of compliance
are detailed in the United States International Traffic on Arms Regulation.
The US Department of Commerce (DOC) is the US over-sight authority for our
activities.  When Department of Defense and/or Department of State (co-
administrators of the technology) become involved, their activity is
coordinated through our DOC administrative authoritative.

     Advance Technologies marketing strategy is based upon principles that
recognize both our strengths and our weaknesses.  This strategy is embodied
in a well-defined business model.  Most of our projects require a strategic
partner.  The strategic partner needs to be a leader in the market field of
our intended application.  The strategic partner as a general rule provides
the marketing, sales, and after sales support for the system.  Our strategy
minimizes start-up and infrastructure cost, our market investment, and the
overall risk to ATI.  Our primary role for each project is: (1) to ensure
the technology is used properly in each application, (2) the system
engineering necessary to achieve the desired functional capability is
performed, and (3) the end product is compliant with ITAR.  Production for
each project is addressed on a case by case basis. The strategic partner
has a key role in establishing the component suppliers, often preferring to
use their own captive sources.

     Our business model licenses intellectual property for a specific field
and product to our strategic partner.  It is essential that ATI retain core
ownership over the basic technology and intellectual property.  Our license
agreements are for applications restricted to the licensed field.  By
utilizing our intellectual property in this way, the same technology is
licensed to different fields of application on an exclusive or non-
exclusive basis without creating a conflict between over-lapping markets
and license rights.

MAJOR ACTIVITY,

     Enhanced Vision System (EVS)

     Advance Technologies entered into a licensing agreement with Kollsman
Inc. in 1995, which allowed the incorporation of the company's technology
and intellectual property into an Enhanced Vision System for use on the
Gulfstream series of Aircraft. The EVS system entered production in early
2002. Kollsman has announced a new enhanced vision product in late 2002 for
use at the low-end private aviation market. This product is expected to
enjoy the same success as the Gulfstream product but with a far larger
market.  A redacted copy without competition sensitive data has been
included under Exhibit 99.1.


                                     2

OTHER DEVELOPMENT ACTIVITIES

     Recreational Vehicles Systems (RVS)

     Advanced Technologies signed a licensing agreement with Recreational
Vehicle Systems (RVS), a Nevada Corporation.  Under terms of the agreement
Adv-Tech will provide technical know-how and development support to RVS to
develop an Infrared Imaging System for the license field of Recreational
Vehicles.  In consideration for our technical support and certain licensed
technical property rights ATI will receive a royalty on each unit sold.  No
sales are projected before late 2006 or early 2007.  The terms of the
agreement specify $300.00 per system sold for a period of ten years
initiated by the first sale.  This agreement is non-exclusive with RVS.

     Medical Systems

     The sale of 50 NVS cameras to United Integrated Services (UIS, a
Taiwan Corporation) under an export license granted by the United States
Commerce Department is still pending.  UIS as indicated their desire to
complete this sale before the export license expires in June 2006.  We
believe there is less than a 50% chance that UIS will be able to comply
with the license requirements prior to the expiration date.  Revenue impact
is negligible.

     Infrared Security System (ISS)

     A provisional patent pending has been obtained for our Infrared
Security System.  This protection for our intellectual property rights will
allow us to aggressively engage in discussion with potential partners and
customers.  Preliminary discussions have been initiated.

OPERATIONS

     In 2006 Advance Technologies will be establishing our headquarters in
Woodland Texas.  The Board of Directors has instructed the CEO to initiate
a review of our operations to ascertain our future needs.  Our primary
source of future income will be through our licensing agreements.  Our
development activities are being conducted in concert with strategic
partners, relying upon their capital resources.  Recommendations on how to
best optimize shareholder value will be formulated and presented to the
Board in the near future.

     The development activity at Adv-Tech has shifted from internal
hardware based R&D activity to external technical marketing with potential
partners.  This shift has been created by Infrared Imaging Cameras and
Systems moving from high technology to more of a commodity or production
component.  The system application and embedded application software
represents most of the future opportunities for Advance Technologies.

EMPLOYEES

     Advance Technologies Inc. consists of one full time employee.  All
additional services required are contracted for on an as needed basis.

ENVIRONMENTAL IMPACT

     Advance Technologies operations do not effect the environment and is
fully compliant to Federal, State, and local laws.


POTENTIAL IMPACT ON FINANCIAL PERFORMANCE

     Advance Technologies Inc. under the terms of our exclusive license
with Kollsman Inc. is in a position to receive royalties of $22,640,000
over the initial 10,000 units sold under terms of this contract.  The
realization of these revenues is dependent upon Kollsman securing a major
share of the Enhanced Vision Market.  Advance Technologies Inc. may or may
not achieve all or part of this royalty income based upon market
performance by Kollsman.  The performance of Kollsman is subject to
external and internal factors at Kollsman which are outside of Advance
Technologies Inc. ability to either control, affect, or to predict.  As
Kollsman progresses in the EVS market through the meeting of key
performance and sales milestones, Advance Technologies will report those
achievements as disclosed by Kollsman or reported in the public media.

                                     3

DESCRIPTION OF PROPERTY.

     Advanced Technologies Inc has rented property at 716 Yarmouth Road,
Palos Verde Estates, and Ca. for the last four years.  The office consisted
of approximately 1,800 sq. ft., with separate areas for entry, office,
conference area, and a small laboratory.  Advance Technologies has re-
located to Texas.  Suitable offices will be located in The Woodlands area
of North Houston in early 2006.  Until new facilities are obtained,
business will be conducted from a separate office area at 15 N. Longspur
Drive, The Woodlands, TX, 77380.  This place of business is part of the
residence of the President of Advance Technologies.  The rent is $ 0.00 per
month.

DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES.

     (a)  Directors and Executive Officers

<Table>
<Caption>
------------------------      -------   -------------------------------
Name                          Age       Position
------------------------      -------   -------------------------------
<S>                           <C>       <C>
Gary E. Ball                  68        CEO, President, and Director
------------------------      -------   -------------------------------
Gary L. Bane                  67        Director (1)
------------------------      -------   -------------------------------
James Watson                  57        Director (2)
------------------------      -------   -------------------------------
Wendy S. Ball                 n.a.      Note (3)
------------------------      -------   -------------------------------
</Table>

(1)  Became a director on October 1, 2004.
(2)  Became a director on January 1, 2005.
(3)  Resigned as a director effective January 1, 2005.  Wendy S. Ball is
     the spouse of Gary E. Ball.

     (b)  Qualifications

     Mr. James Watson has joined Advance Technologies Board of Directors.
Mr. Watson's extensive experience as Director of Marketing for Western
Airlines will provide valuable sight into marketing issues affecting the
entry of EVS into the passenger segment of commercial aviation.  Mr.
Watson's term with the Board will begin January 1, 2005.

Mr. JAMES R. WATSON
     Sales, Marketing and General Management Executive with over twenty-
five years experience in managing a wide range of marketing, sales and
operations functions designed to create or expand domestic and
international sales opportunities.

     CALIFORNIA MANUFACTURING TECHNOLOGY CONSULTING, Gardena, California,
1999-Present, Vice President Operations 2001-Present
     Responsible for marketing, sales, consulting services and the
development of delivery tools and services.  Redirected the organization
from a service to industry "Go to Market" strategy.  Established Aerospace
& Defense and Distribution industry teams.

     ANCHOR AUDIO, INC., Los Angeles, California, 1994 to 1999
Vice President Sales & General Manager Europe 1994-1999
     Responsible for domestic sales planning, field sales, government and
OEM sales.  Established and managed the day to day operation of a European
distribution center and dealership. Developed and implemented the
distribution strategy and the sales/marketing programs for offices in
Europe, Mexico, and the South Pacific and for distributors worldwide.

     WESTERN AIRLINES, Los Angeles, California, 1971 to 1985
Vice President Passenger & Cargo Sales, 1983 to 1985
     Responsible for managing over 1100 people in sales programs, field
sales, reservations and advertising with a budget in excess of $150
million.

                                     4

GARY E. BALL
     Age 68, residing in The Woodlands, Texas is married. He attended
California State University at Long Beach graduated with a BSEE and MSEE,
went on to perform Graduate Studies at University of Southern California.
He has specialized in product design, development, and management for North
American Aviation. Was Technical Manager for the Pave Tack program for Ford
Aerospace. Program Manager for Northrop Electro-Mechanical in charge of
business development on several classified DOD programs. Was Program
Manager for Hughes Aircraft where he developed the Infrared Enhanced Vision
System reporting to the President of EDSG.  Was a member of NATO NIAG study
group on Aircraft Integration. He has authored several articles for trade
publications, the last 9 years he has provided consulting services to 10
U.S. and foreign corporations in the field of IR technology.

     On June 15, 2004 the Board of Directors extended an invitation to Gary
L. Bane to re-join the Board of Directors of Advance Technologies Inc.  Mr.
Bane had been on ATI's BOD since our founding in 1992.  Mr. Bane withdrew
from the BOD in 2002 due to pressing demands from his many business
commitments.  We are pleased that Mr. Bane's schedule has abated, which
permits him to re-join the BOD.  Mr. Bane term on ATI's BOD will become
effective on October 1, 2004. Mr. Bane has been employed as an independent
consultant for the last five years.

     Wendy S. Ball has resigned from the Board of Directors, effective
January 1, 2005.


Involvement in certain legal proceedings.
-----------------------------------------

     There has been no legal proceeding involving Advance Technologies Inc.


REMUNERATION OF DIRECTORS AND OFFICERS.

     No cash or other remuneration was paid to any director or officer of
the Company during the fiscal year ended September 30, 2005.

SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS.

<Table>
<Caption>

Title of    Name and address
class       of owner            Amount owned   Percent of class
---------   ----------------    ------------   ----------------
<S>         <C>                 <C>            <C>
Common      Gary Ball           7,800,000      12%
---------   ----------------    ------------   ----------------
Common      Wendy Ball          7,800,000      12%
---------   ----------------    ------------   ----------------
Common      Gary L. Bane        1,200,000       2%
---------   ----------------    ------------   ----------------
Preferred   Jim Watson             20,000       ~
---------   ----------------    ------------   ----------------
</Table>

PERSONS HOLDING 10% OR MORE OF AVTX STOCK

     None that have been reported.


PERSONS HOLDING WARRANTS, OPTIONS OR OTHER RIGHTS

     None


INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS.


     None.


                                     5

                                  PART II

MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY AND OTHER
SHAREHOLDER MATTERS.

     Advance Technologies Inc. is traded under the symbol of AVTX on the
NASDAQ BB.  The high and low share prices for the last two years by
quarters are:

<Table>
<Caption>

          Quarter        Year      High      Low       Dividends
           ----------    ------    ------    ------    ----------
          <S>            <C>       <C>       <C>       <C>
          July-Sept      2005      .08       .04       0
          Apr-June       2005      .09       .03       0
          Jan-Mar        2005      .04       .02       0
          Oct-Dec        2004      .03       .02       0
          July-Sept      2004      .05       .03       0
          Apr-June       2004      .08       .04       0
          Jan-Mar        2004      .09       .02       0
          Oct-Dec        2003      .04       .03       0
</Table>

SHAREHOLDERS OF AVTX

     Common Stock, there was 1,029 shareholders listed by Pacific Stock
Transfer Company, our agent of record on September 30, 2005.

     Preferred Stock, there were 128 shareholders listed by Pacific Stock
Transfer Company, our agent of record on September 30, 2005.

DIVIDENDS

     There have been no dividends paid to shareholders in the last two
years.

EQUITY COMPENSATION PLANS

     There was no Equity Compensation paid to key employees, directors
and/or Executive Officers in the last two years.


DESCRIPTION OF EXHIBITS.

     See Item 2 of Part III, below.

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS.

     Not applicable.

SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     Not applicable.

COMPLIANCE WITH SECTION 16(A) OF THE EXCHANGE ACT.

     The Board of Directors, all Officers, and major shareholders of 10% or
more of Advance Technologies Inc. are in compliance with all reporting
requirements of the exchange act.


                                  PART III
                            FINANCIAL STATEMENTS










/Letterhead/


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


To the Board of Directors and Stockholders
of Advance Technologies, Inc.
(A Development Stage Company)

We have audited the accompanying balance sheet of Advance Technologies,
Inc. (a development stage company) as of September 30, 2005 and 2004 and
the related statements of operations and cash flows for the years then
ended and from the period October 1, 1985 (date of inception) through
September 30, 2005.  These financial statements are the responsibility of
the Company's management.  Our responsibility is to express an opinion on
these financial statements based on our audit.

We conducted our audit in accordance with standards of the PCAOB (United
States).  Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free
of material misstatement.  The Company has determined that it is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the Company's
internal control over financial reporting. Accordingly, we express no such
opinion.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the consolidated financial statements.  An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation.  We believe that our audit provides a
reasonable basis for our opinion

In our opinion, the financial statements referred to above present fairly,
in all material respects, the financial position of Advance Technologies,
Inc. (a development stage company) as of September 30, 2005 and 2004 and
the results of its operations and cash flows for the years then ended and
from the period October 1, 1985 (date of inception) through September 30,
2005 in conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming the
Company will continue as a going concern.  As discussed in Note 2 to the
financial statements, the Company is dependent on financing to continue
operations.  This raises substantial doubt about its ability to continue as
a going concern.  Managements plans to resolve this uncertainty is also
discussed in Note 2. The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.


/S/ Chisholm, Bierwolf & Nilson, LLC

Chisholm, Bierwolf & Nilson, LLC
Bountiful, Utah
December 30, 2005


                         Advance Technologies, Inc.
                       (A Development Stage Company)
                        Consolidated Balance Sheets
<Table>
<Caption>
                                   ASSETS
                                  -------

                                                              September 30,
                                                      2005         2004
                                                   -----------  -----------
<S>                                                <C>          <C>
CURRENT ASSETS

 Cash                                              $    2,934   $    1,773
                                                   -----------  -----------
   Total Current Assets                                 2,934        1,733
                                                   -----------  -----------
PROPERTY & EQUIPMENT, net                                 851        6,562
                                                   -----------  -----------
   TOTAL ASSETS                                    $    3,785   $    8,335
                                                   ===========  ===========

                    LIABILITIES AND STOCKHOLDERS' EQUITY
                   -------------------------------------

CURRENT LIABILITIES

 Accounts payable                                  $   16,921   $    4,883
 Accrued Interest                                        -            -
 Notes payable-officer                                 71,000       59,300
                                                   -----------  -----------
   Total Current Liabilities                           87,921       64,183

LONG-TERM DEBT

 Line of Credit                                          -            -
                                                   -----------  -----------
   TOTAL LIABILITIES                                   87,921       64,183

STOCKHOLDERS' EQUITY

 Common stock, authorized 100,000,000 shares of
  $0.001 par value, issued and outstanding
  39,498,217 and 28,319,416 shares, respectively       39,498       28,319
 Preferred Stock, Series A authorized 100,000,000
  shares of $0.001 par value, issued and outstanding
  26,017,157 and 37,195,958 shares, respectively       26,017       37,196
 Additional paid-in capital                           558,389      550,889
 Retained earnings (deficit)                         (708,040)    (672,252)
                                                   -----------  -----------
   Total Stockholders' Equity                         (84,136)     (55,848)
                                                   -----------  -----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY         $    3,785   $    8,335
                                                   ===========  ===========
</Table>

 The accompanying notes are an integral part of these financial statements.
                                     8

                         Advance Technologies, Inc.
                       (A Development Stage Company)
                   Consolidated Statements of Operations
<Table>
<Caption>
                                                                       For the Period
                                                                          of entering
                                                                          Development
                                                                             Stage on
                                                                           October 1,
                                                              For the Year Ended        1985 Through
                                                                   September 30,       September 30,
                                                  2005         2004           2005
                                             ------------  ------------  ------------
<S>                                          <C>           <C>           <C>
REVENUES

 Royalty Income                               $   26,500    $   25,000    $   51,500
 Consulting Fees                                   2,453         5,366        67,843
 Product Sales                                      -          119,073       119,073
                                             ------------  ------------  ------------
   Total Sales                                    28,953       149,439       238,416

COST OF GOODS SOLD

 Product Purchases                                  -          114,020       114,020
                                             ------------  ------------  ------------
   Gross Profit                                   28,953        35,419       124,396

EXPENSES

 Depreciation & Amortization                       5,711         7,877        51,034
 Organization Costs                                 -              -          11,301
 Research & Development                             -              -          72,750
 General and administrative                       59,030        19,473       772,084
                                             ------------  ------------  ------------
   Total Expenses                                 64,741        27,350       907,169
                                             ------------  ------------  ------------
INCOME (LOSS) FROM OPERATIONS                    (35,788)        8,069      (782,773)
                                             ------------  ------------  ------------
OTHER INCOME (EXPENSE)

 Interest Expense                                   -              -         (23,267)
 Miscellaneous Income                               -              -          98,000
                                             ------------  ------------  ------------
   Total Other Income (Expense)                     -              -          74,733
                                             ------------  ------------  ------------
NET INCOME (LOSS)                            $   (35,788)  $     8,069   $  (708,040)
                                             ============  ============  ============
NET LOSS PER SHARE
 Loss Per Share                              $     (0.00)  $      0.00   $     (0.14)
                                             ============  ============  ============
 Weighted average shares
  outstanding                                 35,255,995    25,219,406     4,928,892
                                             ============  ============  ============

</Table>
 The accompanying notes are an integral part of these financial statements.
                                     9

<PAGE>
                         Advance Technologies, Inc.
                       (A Development Stage Company)
              Consolidated Statements of Stockholders' Equity
      (For the period of entering development stage on October 1, 1985
                        through September 30, 2005)
<Table>
<Caption>
                                                                              Deficit
                                                                          Accumulated
                                         Additional                        During the
                                     Common Stock      Paid-In          Preferred Stock  Development
                      Shares   Amount      Capital     Shares    Amount       Stage
                   -------------------   ---------- ----------- --------  -----------
<S>                <C>        <C>        <C>        <C>         <C>       <C>
Balance,
 October 1, 1985
 (beginning of the
 development stage)     6,487 $     7    $  58,161          -   $    -    $  (60,701)

Shares issued for
 coal royalties at
 $0.01                  4,369       4        1,525         -       -            -

Shares issued for
 services at $0.25        554       1        4,849        -        -            -

Shares issued for
 services at $0.03      1,601       2        1,680         -       -            -

Shares issued for
 services at $0.25      1,274       1       11,145        -        -            -

Shares issued for
 services at $0.01      2,290       2          798        -        -            -

Shares issued for
 services at $0.25     37,203      37      325,487        -        -            -

Preferred shares
 issued for services     -       -             -        10,048    1,004         -

Preferred shares
 expire                  -       -           1,004     (10,048)  (1,004)        -

Net loss since the
 beginning of the
 development stage
 at October 1, 1985      -        -           -           -            -    (344,001)
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30, 1995    53,778      54      404,649        -        -        (404,702)

Shares issued for
 services at $0.25      5,714       6       49,994        -        -            -

Share round up             (6)     (1)        -           -        -            -

Net loss for
 the year ended
 September 30, 1996      -       -            -            -       -         (50,000)

Balance,
 September 30, 1996    59,486      59      454,643        -        -        (454,702)

</Table>
 The accompanying notes are an integral part of these financial statements.
                                     10

                         Advance Technologies, Inc.
                       (A Development Stage Company)
              Consolidated Statements of Stockholders' Equity
      (For the period of entering development stage on October 1, 1985
                        through September 30, 2004)
<Table>
<Caption>
                                                                              Deficit
                                                                          Accumulated
                                         Additional                        During the
                                     Common Stock      Paid-In          Preferred Stock  Development
                      Shares   Amount      Capital     Shares    Amount       Stage
                   -------------------   ---------- ----------- --------  -----------
<S>                <C>        <C>        <C>        <C>         <C>       <C>
Balance Forward        59,486      59      454,643        -        -        (454,702)

Shares issued for
 services at
 $0.25                    608       1        5,324        -        -            -

Net loss for
 the year ended
 September 30,
 1997                    -       -            -           -        -          (5,325)
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30,
 1997                  60,094      60      459,967        -         -       (460,027)

Shares issued for
 services at
 $0.001                12,828      13          436        -        -            -

Net loss for
 the year ended
 September 30,
 1998                    -       -            -           -        -            (447)
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30,
 1998                  72,922      73      460,403        -        -        (460,474)

Shares issued for
 cash at $0.01      2,500,000   2,500       22,500        -        -            -

Shares issued for
 common stock of
 SeaCrest
 Industries Corp.
 at $0.001               -       -         (36,457) 50,254,102   50,254         -

Net loss for
 the year ended
 September 30,
 1999                    -       -            -           -        -         (90,126)
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30,
 1999               2,572,922   2,573      446,446  50,254,102   50,254     (550,600)

Net loss for
 the year ended
 September 30,
 2000                    -       -            -           -        -        (101,799)
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30,
 2000               2,572,922   2,573      446,496  50,254,102   50,254     (652,399)

</Table>
 The accompanying notes are an integral part of these financial statements.
                                     11

                         Advance Technologies, Inc.
                       (A Development Stage Company)
              Consolidated Statements of Stockholders' Equity
      (For the period of entering development stage on October 1, 1985
                        through September 30, 2004)
<Table>
<Caption>
                                                                              Deficit
                                                                          Accumulated
                                         Additional                        During the
                                     Common Stock      Paid-In          Preferred Stock  Development
                      Shares   Amount      Capital     Shares    Amount       Stage
                   -------------------   ---------- ----------- --------  -----------
<S>                <C>        <C>        <C>        <C>         <C>       <C>
Balance Forward     2,572,922   2,573      446,446  50,254,102   50,254     (652,399)

Net income (loss)
 for the year
 ended September
 30, 2001                -       -            -           -        -          31,669
                   -------------------   ---------- ----------- --------  -----------
Balance,
 September 30,
 2001               2,572,922   2,573      446,446  50,254,102   50,254     (620,730)

Shares issued for
 services at
 $0.001             3,250,000   3,250         -           -        -            -

Shares converted
 to common stock   11,396,045  11,396         -    (11,396,045) (11,396)        -

Net income (loss)
 for the year
 ended September
 30, 2002                -       -            -           -        -         (27,774)
                   -------------------   ---------- ----------- --------  -----------
Balance,
  September 30,
 2002              17,218,967  17,219      446,446  38,858,057   38,858     (648,504)

Shares issued for
 conversion of
 debt               5,438,350   5,438      103,334        -        -            -

Shares issued for
 conversion of
 Preferred stock      109,200     109         -       (109,200)    (109)        -

Net income (loss)
 for the year
 ended September
 30, 2003           -        -          -           -         -   (31,817)
                     ----------- -------- ---------- ----------- --------- ----------
Balance,
 September 30,
 2003              22,766,517  22,766      549,780  38,748,857   38,749     (680,321)

Shares issued for
 private
 placement          4,000,000   4,000        1,109        -        -            -

Shares issued for
 conversion of
 Preferred stock    1,552,899   1,553         -     (1,552,899)  (1,553)        -

Net income (loss)
 for the year
 ended September
 30, 2004                -       -            -           -            -        8,069
                     ----------- -------- ---------- ----------- --------- ----------
Balance,
 September 30,
 2004              28,319,416  28,319      550,889  37,195,958   37,196     (672,252)
</Table>
 The accompanying notes are an integral part of these financial statements.
                                     12

                         Advance Technologies, Inc.
                       (A Development Stage Company)
              Consolidated Statements of Stockholders' Equity
      (For the period of entering development stage on October 1, 1985
                        through September 30, 2004)
<Table>
<Caption>
                                                                              Deficit
                                                                          Accumulated
                                         Additional                        During the
                                     Common Stock      Paid-In          Preferred Stock  Development
                      Shares   Amount      Capital     Shares    Amount       Stage
                   -------------------   ---------- ----------- --------  -----------
<S>                <C>        <C>        <C>        <C>         <C>       <C>
Shares issued for
 conversion of
 Preferred stock   11,178,801  11,179         -    (11,178,801) (11,179)        -

Capital
 contribution            -       -           7,500        -        -            -

Net income (loss)
 for the year
 ended September
 30, 2005                -       -            -           -        -         (35,788)
                     ----------- -------- ---------- ----------- --------- ----------
Balance,
 September
 30, 2005          39,498,217 $39,498     $558,389  26,017,157             $  26,017      $(708,040)


</Table>






























 The accompanying notes are an integral part of these financial statements.
                                     16

                         Advance Technologies, Inc.
                       (A Development Stage Company)
                   Consolidated Statements of Cash Flows
<Table>
<Caption>
                                                                       For the Period
                                                                          of entering
                                                                          Development
                                                                             Stage on
                                                                           October 1,
                                                              For the Year Ended        1985 Through
                                                                   September 30,       September 30,
                                                  2005         2004           2005
                                             ------------  ------------  ------------
<S>                                          <C>           <C>           <C>
CASH FLOWS FROM OPERATING ACTIVITIES

 Net loss                                     $  (35,788)   $    8,069    $ (708,040)
 Adjustments to reconcile net loss to net
 cash, provided by operations:
  Stock issued for services                         -             -          403,025
  Depreciation & Amortization                      5,711         7,877        51,034
  Organization Costs                                -            -            11,331
  Decrease in prepaids                              -             -           14,680
  Increase (Decrease) in accrued liabilities      12,038       (31,782)       75,895
                                             ------------  ------------  ------------
  Net Cash Flows Used Operating Activities       (18,039)      (15,836)     (152,075)
                                             ------------  ------------  ------------
CASH FLOWS USED IN INVESTMENT ACTIVITIES

 Purchase of Equipment                              -             -          (39,386)
 Investment in Subsidiary                           -             -              286
                                             ------------  ------------  ------------
   Net Cash Used in Investment Activities           -             -          (39,100)
                                             ------------  ------------  ------------
CASH FLOWS FROM FINANCING ACTIVITIES

 Cash paid on Loan from Officer                     -           (7,000)      (48,200)
 Proceeds from Loan from Officer                  11,700        19,500       119,200
 Proceeds from Line of Credit                      -              -           85,500
 Proceeds from Issuance of Stock                    -            5,109        30,109
 Capital contribution                              7,500          -            7,500
                                             ------------  ------------  ------------
   Net Cash Flows from Financing Activities       19,200        17,609       194,109
                                             ------------  ------------  ------------
   NET INCREASE (DECREASE) IN CASH                 1,161         1,773         2,934

CASH, BEGINNING OF YEAR                            1,773          -             -
                                             ------------  ------------  ------------
CASH, END OF YEAR                            $     2,934   $     1,773   $     2,934
                                             ============  ============  ============

</Table>

 The accompanying notes are an integral part of these financial statements.
                                     14


                         Advance Technologies, Inc.
                       (A Development Stage Company)
                   Consolidated Statements of Cash Flows
                                -Continued-
<Table>
<Caption>
                                                                       For the Period
                                                                          of entering
                                                                          Development
                                                                             Stage on
                                                                           October 1,
                                                              For the Year Ended        1985 Through
                                                                   September 30,       September 30,
                                                  2005         2004           2005
                                             ------------  ------------  ------------
<S>                                          <C>           <C>           <C>
SUPPLEMENTAL CASH FLOW INFORMATION

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

SUPPLEMENTAL NON-CASH INFORMATION

     In March 2003, the Company issued 5,438,350 shares for the satisfaction of a
     line of credit and accrued interest in the amount of $108,772.

     During the year ending September 30, 2003, a total of 109,200 shares of
     preferred stock were converted to common stock.

     During December 2001, the Company issued 3,250,000 shares of common stock for
     services valued at $3,250 (or $.001 per share).

     During the year ending September 30, 2002, a total of 11,396,045 shares of
     preferred stock were converted to common stock.

     During the year ending September 30, 2004, a total of 1,552,869 shares of
     preferred stock were converted to common stock.

     During the year ending September 30, 2005, a total of 11,178,801 shares of
     preferred stock were converted to common stock.





</Table>

 The accompanying notes are an integral part of these financial statements.
                                     15

                         Advance Technologies, Inc.
                       (A Development Stage Company)
               Notes to the Consolidated Financial Statements
                        September 30, 2005 and 2004


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

          a.  Organization

          The Company was organized under the laws of the state of Delaware
          on June 16, 1969 as PWB Industries, Inc.  On November 10,
          1975,the Company changed its name to Sun Energy, Inc.  At that
          time, the Company began operations in the oil and gas lease
          industry.  By 1985, the Company discontinued its operations and
          became dormant.  On March 6, 1996, the Company attempted a merger
          which failed.  On August 23, 1997, the Company changed its name
          to Advance Technologies, Inc. and changed its place of domicile
          to from Delaware to Nevada.

          On September 27, 1999, pursuant to a plan of acquisition, the
          Company exchanged 50,254,102 shares of its Seris "A" preferred
          stock for 50,254,102 shares of SeaCrest Industries Corporation's
          common stock.  This acquisition has been accounted for using the
          purchase method of a business combination.

          The Company is currently engaged in the development of a night
          vision system with applications in the military as well as civil.
          The Company has an agreement with a Taiwan company wherein they
          are jointly developing the night vision system for use in Class A
          coaches.  The Company is also involved in the development of
          other Electro-optical mechanical devices.

          b.  Accounting Method

          The Company recognizes income and expenses on the accrual basis
          of accounting.

          c.  Consolidation

          The consolidated financial statement include the accounts of
          Advanced Technologies, Inc. and SeaCrest Industries Corporation,
          a wholly owned subsidiary.  Intercompany transactions have been
          eliminated.

          d.  Cash and Cash Equivalents

          The Company considers all highly liquid investments with
          maturities of three months or less to be cash equivalents.





                                     16

                         Advance Technologies, Inc.
                       (A Development Stage Company)
               Notes to the Consolidated Financial Statements
                        September 30, 2005 and 2004


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

          e.  Earnings (Loss) Per Share

          The computation of earnings per share of common stock is based on
          the weighted average number of shares outstanding at the date of
          the financial statements.

<Table>
<Caption>
                                                                   From
                                                               Inception on
                                                               October 1,
                                     For the Years Ended      1985 Through
                                      September 30,           September 30,
                                     2005           2004           2005
                                -------------  -------------  -------------
       <S>                     <C>            <C>            <C>
       Numerator - net loss     $    (35,788)  $      8,069   $   (708,040)

       Denominator - weighted
        average number of shares
        outstanding               35,255,995     25,219,406      4,928,892
                                =============  =============  =============
       Loss per share           $      (0.00)  $       0.00   $      (0.14)
                                =============  =============  =============
</Table>

       f.  Provision for Income Taxes

          No provision for income taxes has been recorded due to net
          operating loss carryforwards totaling approximately $708,040 that
          will be offset against future taxable income.  These NOL
          carryforwards begin to expire in the year 2006.  No tax benefit
          has been reported in the financial statements because the Company
          believes there is a 50% or greater chance the carryforward will
          expire unused.

          Accordingly, per FASB 109, the potential tax benefits of the loss
          carryforwards are offset by the valuation of the same amount.

          Deferred tax assets and the valuation account are as follows at
          September 30, 2005 and 2004.

<Table>
<Caption>
                                         September 30,
                                     2005           2004
                                 ------------   ------------
       <S>                      <C>            <C>
       Deferred tax asset:
        NOL carryforward         $   240,734    $   196,946
       Valuation allowance          (240,734)      (196,946)
                                 ------------   ------------
       Total                     $          -   $          -
                                 ============   ============
</Table>

                                     17

                         Advance Technologies, Inc.
                       (A Development Stage Company)
               Notes to the Consolidated Financial Statements
                        September 30, 2005 and 2004

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

          g.  Use of Estimates

          The preparation of financial statements in conformity with
          generally accepted accounting principles requires management to
          make estimates and assumptions that affect reported amounts of
          assets and liabilities, disclosure of contingent assets and
          liabilities at the date of the financial statements and revenues
          and expenses during the reporting period.  In these financial
          statements assets and liabilities involve extensive reliance on
          management's estimates.  Actual results could differ from those
          estimates.

          h.  Revenue Recognition

          The Company receives revenues for consulting services performed
          and product sales.  Consulting services are recorded as sales
          when services are complete.  Product sales are recorded as
          revenue when the products are shipped to the buyer.

NOTE 2 -  GOING CONCERN

          The accompanying financial statements have been prepared assuming
          that the Company will continue as a going concern.  The Company
          is dependent upon raising capital to continue operations.  The
          financial statements do not include any adjustments that might
          result from the outcome of this uncertainty.  It is management's
          plan to raise capital in order to define expand their business
          operations, thus creating necessary operating revenue.

NOTE 3 -  DEVELOPMENT STAGE COMPANY

          The Company is a development stage company as defined in
          Financial Accounting Standards Board Statement No. 7.  It is
          concentrating substantially all of its efforts in raising capital
          and developing its business operations in order to generate
          significant revenues.







                                     18


                         Advance Technologies, Inc.
                       (A Development Stage Company)
               Notes to the Consolidated Financial Statements
                        September 30, 2005 and 2004


NOTE 4 -  PROPERTY & EQUIPMENT

          Property & Equipment consists of the following at September 30,
          2005 and 2004:

<Table>
<Caption>
                                                        September 30,
                                                    2005           2004
                                                ------------   ------------
          <S>                                  <C>            <C>
          Equipment                             $    39,386    $    39,386
          Less: Accumulated Depreciation            (38,535)       (32,824)
                                                ------------   ------------
          Net Property & Equipment              $       851    $     6,562
                                                ============   ============
</Table>
          Expenditures for property and equipment and for renewals and
          betterments, which extend the originally estimated economic life
          of assets or convert the assets to a new use, are capitalized at
          cost.  Expenditures for maintenance, repairs and other renewals
          of items are charged to expense.  When items are disposed of the
          cost and accumulated depreciation are eliminated from the
          accounts, and a gain or loss is included in the results of
          operations.

          The provision for depreciation is calculated using the straight-
          line method over the estimated useful lives of the assets.  The
          useful lives of equipment are 5 years.  Depreciation expense for
          the years ended September 30, 2005 and 2004 are $5,711 and
          $7,877, respectively.

NOTE 5 -  ADVANCED ROYALTIES

          SeaCrest Industries Corporation, formerly Infrared Systems
          International, Inc., entered into a licensing agreement for
          marketing and distributing of infrared aircraft landing systems.
          Seacrest received $25,000 in advances.  These royalty revenues
          were deferred until revenue streams occur.  During the fiscal
          2004 year, the Company generated sales of the systems and claimed
          the royalty as income.

NOTE 6 -  RELATED PARTY TRANSACTIONS

          As of September 30, 2005 and 2004, the Company owes an officer
          the Company $71,000 and $66,300 for loans made.  This note
          payable-officer is considered a current liability with no
          provision for interest.


                                     19

                         Advance Technologies, Inc.
                       (A Development Stage Company)
               Notes to the Consolidated Financial Statements
                        September 30, 2005 and 2004

NOTE 7 -  COMMON STOCK

          During December 2001, the Company issued 3,250,000 shares of
          previously authorized but unissued common stock for consulting
          services for $3,250 (or $.001 per share).

          During the year ended September 30, 2002, 11,396,045 shares of
          preferred stock were converted to common stock.

          In December 2002, the Company issued 5,438,350 shares of common
          stock in satisfaction of $85,500 in debt and $23,267 of accrued
          interest.

          During the year ended September 30, 2003, preferred shareholders
          converted 109,200 shares of preferred stock for 109,200 shares of
          common stock.

          During the year ended September 30, 2004, preferred shareholders
          converted 1,552,899 shares of preferred stock for 1,552,899
          shares of common stock.  There was also a private placement of
          common stock in the amount of 4,000,000 shares for cash of
          $5,109.

          During the year ended September 30, 2005, preferred shareholders
          converted 11,178,801 shares of preferred stock for 11,178,801
          shares of common stock.



                                  Part III

                             Index to Exhibits.

Exhibit
Number      Description

2.1         Articles of Incorporation (1)
2.2         Amendment to Articles of Incorporation (1)
2.3         Amendment to Articles of Incorporation (1)
2.4         Amended Bylaws (1)
3.1         See Articles of Incorporation, as Amended (1)
31.1        Certification of President and Chief Executive Officer
            Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant
            to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1        Certification of President and Chief Executive Officer
            Pursuant to Rule 13-14 or Rule 15-14 of the Securities
            and Exchange Act of 1934 as adopted pursuant to Section
            906 of The Sarbanes-Oxley act of 2002.
99.1        License Agreement with Infrared Enhanced Vision Sensor
            System

(1)  Incorporated by reference to the exhibits to Registrant's Registration
Statement on Form 10-SB filed on August 30, 1999, File Number 000-27175.

DESCRIPTION OF EXHIBITS.

EXHIBIT 99.1:  LICENSE AGREEMENT, INFRARED ENHANCED VISION SENSOR SYSTEM,
JULY 15, 1997.


                                     20


                                 SIGNATURES

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

     ADVANCE TECHNOLOGIES, INC.



By   /S/ Gary E. Ball
     ___________________________________________________
     Gary E. Ball, President and Chief Executive 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/ Gary E. Ball
     __________________________________________
     Gary E. Ball, Principal Executive Officer



     /S/ Gary E. Ball
     __________________________________________
     Gary E. Ball, Principal Financial Officer



     /S/ Gary E. Ball
     __________________________________________
     Gary E. Ball, Controller or Principal Accounting Officer



     /S/ Gary L. Bane
     __________________________________________
     Gary L. Bane, Director



     /S/ James Watson
     __________________________________________
     James Watson, Director


         [ATTACH EXHIBITS TO EXTENT NOT INCORPORATED BY REFERENCE]










                                     21