AMANASU ENVIRONMENT CORP - Quarter Report: 2009 March (Form 10-Q)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the period ended March 31, 2009
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______________ to ________________
Commission File Number: 000-32905
AMANASU ENVIRONMENT CORPRATION
(Exact name of registrant as specified in its charter)
| Nevada | 98-0347883 | |
| (State of other jurisdiction of incorporation or organization) | (I.R.S. Eployer Identification No.) |
115 East 57th Street, 11th Floor New York, NY 10022
(Address of principal executive offices)
646-274-1274
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
| Yes | X | No |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting copany" in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | Accelerated filer | |||
| Non-accelerated filer | (Do not check if a smaller reporting company) | Smaller reporting company | 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 |
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all docments and reports required to be filed by sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.
| Yes | No |
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practiable date: 44,000,816 as of May 19, 2009.
AMANASU TECHNO HOLDINGS CORPORATION
ANNUAL REPORT ON FORM 10-Q
FOR THE THREE MONTHS ENDED March 31, 2009
TABLE OF CONTENTS
| Reference | Section Name | Page |
|---|---|---|
| PART I | ||
| Item 1. | Financial Statements | 1 |
| Item 2. | Management's Discussion and Analysis of Financial Conditions and Results of Operations | 6 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 9 |
| Item 4. | Controls and Procedures | 9 |
| Item 4T. | Controls and Procedures | 10 |
| PART II | ||
| Item 1. | Legal Proceedings | 10 |
| Item 1A. | Risk Factors | 10 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 10 |
| Item 3. | Default Upon Senior Securities | 10 |
| Item 4. | Submission Of Matters To A Vote Of Security Holders | 10 |
| Item 5. | Other Information | 10 |
| Item 6. | Exhibits | 10 |
| Signatures | Signatures | 11 |
Part I
Item 1. Financial Statements
GENERAL
The Company's unaudited financial statements for the three months ended March 31, 2009 are included with this Form 10-Q. The unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the three month period ended March 31, 2009 are not necessarily indicative of the results that can be expected for the fiscal year ending December 31, 2009.
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AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
| Assets | March 31, 2009 (Unaudited) | December 31, 2008 (Audited) | ||
| Current Assets: | ||||
| Cash | $ | - | $ | 7,583 |
| Certificates of Deposit | 681,000 | 696,000 | ||
| Prepaid Expenses | 161 | - | ||
| Total Current Assets | 681,161 | 703,583 | ||
| Fixed Assets: | ||||
| Machinery and Equipment | 25,859 | 25,859 | ||
| Less, Accumulated Depreciation | 20,229 | 19,785 | ||
| Net Fixed Assets | 5,630 | 6,074 | ||
| Other Assets: | ||||
| Investments | 86,031 | 92,604 | ||
| Miscellaneous Receivables | 85,975 | 88,724 | ||
| Total Other Assets | 172,006 | 181,328 | ||
| Total Assets | $ | 858,797 | $ | 890,985 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
| Current Liabilities: | ||||
| Short Term Loans | $ | 22,716 | $ | 24,341 |
| Accounts Payable | 45,042 | 45,762 | ||
| Accrued Expenses | 32,420 | 6,775 | ||
| Payroll and Other Taxes Payable | 6,449 | 8,547 | ||
| Total Current Liabilities | 106,627 | 85,425 | ||
| Minority Interest | 364 | 369 | ||
| Stockholders' Equity: | ||||
| Common Stock: authorized 100,000,000 shares of $.001 par value; 44,000,816 issued and outstanding | 44,001 | 44,001 | ||
| Additional Paid-In Capital | 4,634,223 | 4,634,223 | ||
| Accumulated Deficit | (3,977,211) | (3,927,583) | ||
| Other Comprehensive Income | 50,793 | 54,550 | ||
| Total Stockholders' Equity | 751,806 | 805,191 | ||
| Total Liabilities and Stockholders' Equity | $ | 858,797 | $ | 890,985 |
| These statements should be read in conjunction with the year-end financial statements. | ||||
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AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Month Periods Ended March 31, 2009
(Unaudited)
| 2009 | 2008 | |||
| Sales | $ | - | $ | 70,830 |
| Cost of Goods Sold | - | 83,077 | ||
| Gross Profit | - | (12,247) | ||
| Expenses | 52,790 | 137,390 | ||
| Operating Loss | (52,790) | (149,637) | ||
| Other Income (expense) : | ||||
| Interest Income | 3,156 | 10,622 | ||
| Other Income | - | 1,255 | ||
| Interest Expense | - | (1,061) | ||
| Net Loss (Before Minority Interest) | (49,634) | (138,821) | ||
| Minority Interest in Loss | 5 | 1,828 | ||
| Net Loss | (49,629) | (136,993) | ||
| Other Comprehensive Income (loss): | ||||
| Gain (loss) on foreign currency conversion | (3,757) | 15,144 | ||
| Total Comprehensive Loss: | $ | (53,386) | $ | (121,849) |
| Loss Per Share - basic and diluted | $ | - | $ | - |
| Weighted average number of shares outstanding | 44,000,816 | 44,000,816 | ||
| These statements should be read in conjunction with the year-end financial statements. | ||||
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AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Three Month Periods Ended March 31,2009
(Unaudited)
| CASH FLOWS FROM OPERATIONS: | 2009 | 2008 | ||
| Net Loss | $ | (49,629) | $ | (136,993) |
| Adjustments to reconcile net loss to net cash consumed by operating activities: | ||||
| Charges not requiring the outlay of cash: | ||||
| Depreciation and amortization | 444 | 3,213 | ||
| Minority interest in subsidiary loss | (5) | (1,828) | ||
| Changes in assets and liabilities: | ||||
| Increase in accounts and notes receivable | - | (13,078) | ||
| Increase in inventory | - | (74) | ||
| Increases in accrued expenses | 25,645 | 94,930 | ||
| Decrease in accrued interest receivable | - | 3,990 | ||
| Increase (decrease) in accounts payable | (720) | 36,469 | ||
| Decrease in payroll and other taxes payable | (1,604) | (11,748) | ||
| Increase in prepaid expenses | (161) | (9,498) | ||
| Increase in employee advances | - | (5,853) | ||
| Increase in advance from customers | - | 16,425 | ||
| Net Cash Consumed By Operating Activities | (26,030) | (24,045) | ||
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Acquisition of machinery and equipment | - | (9,896) | ||
| Redemptions of certificates of deposit | 15,000 | 30,000 | ||
| Increase in miscellaneous receivables | - | (25,674) | ||
| Net Cash Provided (Consumed) By Investing Activities | 15,000 | (5,570) | ||
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Increases in bank loan | 103 | 6,074 | ||
| Shareholder advances | - | 10,048 | ||
| Net Cash Provided By Financing Activities | 103 | 16,122 | ||
| Effect on Cash of Exchange Rate Changes | 3,344 | 15,114 | ||
| Net Change in Cash Balances | (7,583) | 1,621 | ||
| Cash balance, beginning of period | 7,583 | 18,293 | ||
| Cash balance, end of period | $ | - | $ | 19,914 |
| These statements should be read in conjunction with the year-end financial statements. | ||||
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AMANASU ENVIRONMENT CORPORATION and SUBSIDIARIES
CONSOLIDATED NOTES TO FINANCIAL STATEMENTS
March 31, 2009
(Unaudited)
1. BASIS OF PRESENTATION
The unaudited interim consolidated financial statements of Amanasu Environment Corporation and Subsidiaries ("the Company") as of March 31, 2009 and 2008, and for the three month periods ended March 31, 2009 and 2008, have been prepared in accordance with accounting principles generally accepted in the United State of America. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations of the three month period ended March 31, 2009 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2009.
Certain information and disclosures normally included in the notes to financial statements have been condensed or omitted as permitted by the rules and regulations of the Securities and Exchange Commission, although the Company believes the disclosure is adequate to make the information presented not misleading. The accompanying unaudited financial statements should be read in conjunction with the financial statements of the Company included in the annual report on Form 10-KSB for the year ended December 31, 2008.
2. SUBSEQUENT EVENTS
In February 2009, Amanasu Holdings Corporation entered into a contract to sell 100% of the capital stock of Amanasu Water Corporation to Amanasu Techno Holdings, Inc. (Techno), a company which is controlled by the Company president. Consideration for this sale was 200,000 shares of the common stock of Techno. The closing of this transaction took place during April 2009.
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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
This Form 10Q contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-KSB and other filings made by such company with the United States Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
The following discussion should be read in conjunction with the Company's Financial Statements, including the Notes thereto, appearing elsewhere in this Quarterly Report and in the Annual Report for the year ended December 31, 2007.
COMPANY OVERVIEW
Amanasu Environment Corporation ("Company") was incorporated in the State of Nevada on February 22, 1999 under the name of Forte International Inc. On March 27, 2001, the Company's name was changed to Amanasu Energy Corporation, and on November 13, 2002, its name was changed to Amanasu Environment Corporation.
It has acquired the exclusive, worldwide license rights to a high temperature furnace, a hot water boiler, and ring-tube desalination methodology. 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, conducting limited product marketing, and testing the technologies for commercial sale. For each such technology, proto-type or demonstrational units have been constructed by each licensor or inventor of the technology. The Company has conducted various internal tests on these units to determine the commercial viability of the underlying technologies. As a result of such testing, the Company believes that the products are not commercially ready for sale, and that product refinements are necessary with respect to each of the technologies. In addition, the Company may seek joint venture or other affiliations with companies competitive in each respective product market whereby the Company can capitalize on the existing infrastructure of such other companies, such as product design and engineering, marketing and sales, and warranty and post-warranty service and repair. The Company believes that its marketing efforts to sell any of its products will be limited until such time as it can complete the refinements of its technologies. The Company can not predict whether it will be successful in developing commercial products, or establishing affiliations with any operating company.
On June 8, 2000, the Company obtained the exclusive, worldwide license to a technology that disposes of toxic and hazardous wastes through a proprietary, high temperature combustion system, known as the Amanasu Furnace. The rights were obtained pursuant to a license agreement with Masaichi Kikuchi, the inventor of the technology, for a period of 30 years. The Company issued 1,000,000 share of common stock to the inventor and 200,000 shares of common stock to a director of the inventor's company. Under the licensing agreement; the Company is required to pay the licensor a royalty of two percent of the gross receipts from the sale of products using the technology. If the Company fails to comply with any provision of the agreement after a 90-day notice period, the licensor may terminate the agreement.
Effective September 30, 2002, the Company obtained the exclusive, worldwide license to a hot water boiler technology that incinerates waste tires in a safe and non-polluting manner and extracts heat energy from the incineration process. The rights were obtained pursuant to a license agreement with Sanyo Kogyo Kabushiki Gaisha and Ever Green Planet Corporation, both Japanese companies, for a period of 30 years. As consideration for this acquisition, the Company paid the licensors $250,000, of which the Company's President paid $95,000, issued to them 600,000 shares of common stock, and issued to an affiliate of the licensors 50,000 shares of common stock. The licensors are entitled to receive a two percent royalty on the gross receipts from the sale of the products related to the technology. If the Company fails to comply with any provision of the agreement after a 90-day notice period, the licensor may terminate the agreement.
On June 30, 2003, the Company acquired the exclusive worldwide rights to produce and market a patented technology that purifies seawater, and removes hazardous pollutants from wastewater. The rights were obtained pursuant to a license agreement with Etsuro Sakagami, the inventor, for a period of 30 years. As consideration for obtaining the license, the Company issued 1,000,000 shares to the inventor, and 50,000 shares to a finder. The licensor is entitled to receive a two percent royalty on the gross receipts from the sale of the products related to the technology. If the Company fails to comply with any provision of the agreement after a 90-day notice period, the licensor may terminate the agreement.
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PRODUCTS
Amanasu Environment
Amanasu Furnace
The Company still holds patents with manufacturing and sales rights for the following technologies; however, they are not the main focus of the Company at this time, and are retained for further development at a later time, or integrated with newer technologies, or possible sold to a prospective buyer.
The technology, known as the Amanasu Furnace, is a process that disposes of toxic and hazardous waste, through a proprietary, high temperature combustion system. The combustion system is a low cost methodology generating extremely high temperatures in excess of 2,000 Celsius. Waste matter exposed to the extreme temperature system is instantly decomposed to a gaseous matter and a magna-like liquid. The process leaves a 1-2% residue of an inert, carbon substance and oxygen which is vented out of the system. The process produces no toxins, smoke, ash, or soot.
The Company believed that the prior pricing structure for its furnaces was not competitive, and was seeking ways to lower its manufacturing costs. The Company was attempting to locate alternate suppliers that were more cost effective than currently identified ones. At the same time the Company also attempted to re-design certain components of the furnace so as to reduce the manufacturing cost per component. The aim was to alter the function of the original furnace, which managed daily waste to one that managed specific waste (i.e. industrial, and/or medical waste); however, the Company was confronted with several difficulties and started to reconsider the alteration. At the same time, the Company was also seeking affiliations with companies competitive in the furnace market in Japan. Kogure Works, had an established infrastructure, manufacturing more developed furnaces, comparatively lower in cost. The Company then entered into an agreement with Kogure Works Co sharing its technologies and marketing resources, while making use of Kogure's manufacturing expertise. The pricing of the product to be developed was $100,000/t and eventually reducing the price by 20% was ideal.
As discussed above, the Company expected to alter the function of the Amanasu Furnace in order to specify its market place; however, there has not been a strong demand for their product due to the cost of manufacturing a unit. The Company did not reach the successful and complete refinement and cost reduction as they had planned; therefore, no further production and investment on this technology has been determined, and there is no further business relation with Kogure Works Co., Ltd. ("Kogure") on this project. The Company does not know whether the project will continue into the future; however, the exclusive rights of manufacturing and sales of the Amanasu Furnace will remain with the Company.
"Patents"
1. Rotary kiln (Patent number 3564012, as of July 2nd, 2005); 2. Rotary kiln-Taiwan (Patent number 131102, as of August 21st, 2001); 3. Gas lark (petition number 2000-358861, patent pending); 4. Ash melting furnace and incinerating system (petition number 2002-325560, patent pending); 5. The interior wall of the kiln (petition number 2004-208198, patent pending); and 6. The method of cooling down the kiln (petition number 2004-208199, patent pending)
Fire Bird Boiler
The Fire Bird Boiler technology is a patented process, which incinerates whole waste tires in a non-polluting manner emitting heat or steam in the incineration process. The Fire Bird Boiler provides combustion efficiency and seeks to minimize dioxin generation which is generally a by-product of imperfect combustion.
The Company believes that the Fire Bird Boiler is an effective dual purpose technology for incinerating waste tires and generating heat; however, the Company has recognized that the supply of waste tires in certain markets, including the United States, has been greatly reduced due to the effect of recent efforts to recycle waste tires. Thus, the reduction in the available supply of waste tires in these markets has limited the market potential of the boiler. As a result, the Company has been confronted with severe marketing difficulties for Fire Bird at present, and will seek to refine the boiler to accept other forms of waste, such as hazardous waste.
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Even though the Company decided to seek refinement to the boiler to accept other forms of waste, to be flexible in the market, the Company has determined no further production and/ or investment on this technology. The estimated refinement time was not feasible for the Company, thus no further business relations will continue with Kogure on this project. The Company does not know whether the project will continue into the future; however, the exclusive rights of manufacturing and sales for the Fire Bird Boiler will still remain with the Company.
Ring-tube Desalinization
The Ring-Tube technology is used as a filter to purify seawater into drinking water and also treats sewage and waste water, by removing pollutants and bacteria. The equipment filters bacteria and other impurities through its fine rings and comb type filter and reduces the presence of inhibiting scales on the equipment. The impurities are then destroyed by the high pressure and temperature in the ring-tube. The Company believes that its technology is more cost efficient to construct and operate than conventional RO equipment. Its fresh water recovery rate is 95% compared with the less than 40% for a RO method. Moreover, water produced from the Company's technology retains a certain amount of salt and minerals and does not required a pH adjustment. RO filtration removes all minerals and salt, requiring minerals to be added to improve flavor, and an adjustment to reduce pH levels. The reject brine resulting from RO filtration is discharged in the ocean creating higher salt concentrations in such areas, however, the by-product from the Company's technology is sufficiently condensed allowing it to be sold as a salt product.
PLAN OF OPERATION
Amanasu Environment Corporation
The Company's for the fiscal year ending December 31, 2009, will continue its efforts to find investors interested in its BJSS, Petstyle, Amanasu Japan Projet Support, and Amanasu Eco Frontier businesses. The Company will also continue monitoring and discussing future plans for attaining sales and manufacturing rights of the three technologies previously stated under this section in the quarter ending September 30, 2009 10-Q Quarterly Report.
The Company believes that attaining the manufacturing and sales rights of these technologies is key in generating its capital objective.
Amanasu Holdings Corporation
With the Company moving in a slightly newer direction, Amanasu Holdings Corporation is facilitating the sale of BJSS, Amanasu Energy, Petstyle, Amanasu Eco Frontier, and Amanasu Project Support. While finding buyers, Amanasu Holdings will also continue its management support of Amanasu Water, and also assist the Company in generating the $30,000,000 capital objective. To assist in attaining the capital objective, Amanasu Holdings continues to meet with prospective investors within Japan, aswell as China, and South Korea.
During the quarter ending June 30, 2009 Amanasu Holdings Corporation will be renamed to Amanasu Maritech Corporation. Amanasu Maritech Corporation is currently in negotiation for a manufacturing and sales rights to Commercial Ballast Water filtration system for large cargo ships, which is the purpose of the renaming. Amanasu Maritech Corporation expects to reach an agreement before June, 30, 2009.
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FINANCIAL RESULTS
Three Months Ended March 31, 2009
The Company's sales for the three months ended March 31, 2009 were $0.00 compared to $70,830 for the same period in 2008. The decrease is due primarily to the sale of Amanasu Water Corporation, and Amanasu Shinwa Corporation. Amanasu Water Corporation (operations were decreased before the sale), provided income from its Hydrogen and Oxygenated water sales, and Amanasu Shinwa provided income through management fees.
Cost of Goods Sold for the three months ended March 31, 2009 were $0.00 compared to $83,077 for the same period in 2008. The decrease is due to the sale of Amanasu Water Corporation (operations decreased before the sale) and Amanasu Shinwa Corporation.
Interest income for the three months ended March 31, 2009 were $3,156 compared to $10,622 for the same period in 2008. The decrease is due to funds transferred from Certificate of Deposits to expense accounts, which resulted in less invested in Certificate of Desposits. Also due to economic ression, lower interest rates have decreased the amount in return.
Total expenses for the three months period ended March 31, 2009 were $52,790 compared to $137,390 for the same period of 2008. The decrease was due primarly to decreased opertions of Amanasu Water Corporation, and the sale of Amanasu Shinwa.
Total Current Assets for the three month period ended March 31, 2009 were $681,161 compared to $696,000 during the same period in 2008. The decrease is due primarily to transferring of funds from investments in Certificate of Deposits to expense accounts.
LIQUIDITY AND CAPITAL RESOURCES
Other than the provision of alternating business planning costs discussed above under Plan of operation, the Company estimates that its operating overhead, which includes general and administrative charges, will be approximately $1,120,000 for the next 12 months. This amount is comprised of the following estimated costs; $375,000 in annual salaries for office personnel and consultants, $375,000 for rent, $150,000 for professional fees and $220,000 for miscellaneous expenses. The Company believes that the amount of liquidity and capital resources will be sufficient for the operation of the Company for the next 12 months. The Company has sufficient cash on hand to support its overhead for the next 12 months but no material commitments for capital at this time other than as described above. The Company and/or Amanasu Holdings will need to issue and sell shares to gain capital for operations.
OFF-BALANCE SHEET ARRANAGEMENTS
The Company has no off-balance sheet arrangements.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Not Applicable.
Item 4. Controls and Procedures
The Company carried out an evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined by Rule 13a-15(e) 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 as of a date within 90 days of the filings date of Form 10Q. 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 information necessary whether:
(i) this quarterly report on Form 10 Q 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 quarterly report on Form 10 Q, and (ii) the financial statements, and other financial information included in this quarterly report on Form 10 Q, 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 quarterly report on Form 10 Q.
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Item 4T. Controls and Procedures
CHANGES IN INTERNAL CONTROLS
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, Chief Financial Officer's and Chief Accounting Officer's evaluation that could significantly affect these internal controls, including any corrective actions with regards to significant deficiencies and material weaknesses.
Part II
Item 1. Legal Proceedings
None.
Item 1A. Risk Factors
None.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Item 5. Other Information
None.
Item 6. Exhibits
- Furnish the Exhibits required by Item 601 of Regulation S-K (229.407 of this chapter).
- Exhibit 31 - Certification Pursuant To Section 302 Of The Sarbanes-Oxley Act Of 2002.
- Exhibit 32 - Certification Pursuant To Section 906 Of The Sarbanes-Oxley Act Of 2002.
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused his report to be signed on its behalf by the undersigned thereunto duly authorized.
Amanasu Techno Holdings Corporation
Date: May 19, 2009
/s/ Atsushi Maki
Atsushi Maki
Chief Executive Officer
Chief Financial Officer
Chief Accounting Officer
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