Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 15, 2013 | |
Document and Entity Information | ' | ' |
Entity Registrant Name | 'AMANASU ENVIRONMENT CORP | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001142801 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 44,100,816 |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets: | ' | ' |
Cash | $86,367 | $3,600 |
Certificates of deposit | 1,000 | 4,000 |
Total current assets | 87,367 | 7,600 |
Fixed Assets: | ' | ' |
Automotive equipment | 25,859 | 25,859 |
Less, accumulated depreciation | 25,859 | 25,859 |
Net fixed assets | ' | ' |
Other Assets: | ' | ' |
Due from shareholder | ' | 40,744 |
Total other assets | ' | 40,744 |
Total Assets | 87,367 | 48,344 |
Current Liabilities: | ' | ' |
Accounts payable and accrued expenses | 82,587 | 62,991 |
Payroll and other taxes payable | 28,163 | 32,223 |
Due to shareholder | 15,510 | 1,281 |
Advances from related parties | 32,271 | -8,256 |
Total current liabilities | 158,531 | 104,760 |
Stockholder's Equity: | ' | ' |
Common stock: authorized 100,000,000 shares of $.001 par value; 44,100,816 and 44,000,816 issued and outstanding, respectively | 44,101 | 44,001 |
Additional paid in capital | 4,793,552 | 4,693,652 |
Deficit accumulated during development stage | -1,033,630 | -917,895 |
Deficit accumulated prior to development stage | -3,879,122 | -3,879,122 |
Accumulated other comprehensive income | 3,535 | 2,638 |
Total Amanasu Environment Corporation stockholders' equity | -71,564 | -56,726 |
Non controlling interest | 400 | 310 |
Total equity | -71,164 | -56,416 |
Total Liabilities and Stockholder's Equity | $87,367 | $48,344 |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS PARENTHETICAL (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
CONSOLIDATED BALANCE SHEETS PARENTHETICAL | ' | ' |
Common stock shares authorized | 100,000,000 | 100,000,000 |
Common stock shares par value | $0.00 | $0.00 |
Common stock shares issued | 44,000,816 | 44,000,816 |
Common stock shares outstanding | 44,000,816 | 44,000,816 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 57 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Revenue | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' |
Expenses | 60,298 | 32,338 | 116,123 | 122,791 | 1.07249 |
Operating Loss | -60,298 | -32,338 | -116,123 | -122,791 | -1,072,490 |
Other Income | ' | ' | 388 | ' | 388 |
Interest income | ' | 3 | ' | 27 | 13,107 |
Debt forgiveness | ' | ' | ' | ' | 13,781 |
Net Loss | -60,298 | -32,335 | -115,735 | -122,764 | -1,045,214 |
Net (income) Loss Attributable to Noncontrolling Interest | ' | 4 | ' | 988 | 11,584 |
Net Loss Attributable to Amanasu Environment Corporation | -60,298 | -32,331 | -115,735 | -121,776 | -1,033,630 |
Other Comprehensive Loss: | ' | ' | ' | ' | ' |
Gain (loss) on foreign currency conversion | -51 | -339 | 987 | -175 | 10,111 |
Attributable to non-controlling interest | 4 | 29 | -90 | 14 | -90 |
Attributable to Amanasu Environment | -47 | -310 | 897 | -161 | 10,021 |
Total Comprehensive Loss | ($60,345) | ($32,641) | ($114,838) | ($121,937) | ($1,023,609) |
Net Loss Per Share - basic and diluted | ' | ' | ' | ' | ' |
Weighted average number of shares outstanding | 44,021,468 | 44,000,816 | 44,007,776 | 44,000,816 | ' |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 57 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
CASH FLOWS FROM OPERATIONS: | ' | ' | ' |
Net loss | ($115,735) | ($122,764) | ($1,045,214) |
Depreciation | ' | 749 | 6,074 |
Write offs of bad debts | ' | ' | 138,931 |
Cancellation of debts | ' | ' | -13,781 |
(Decrease) increase in accounts payable and accrued expenses | 20,453 | 10,549 | 76,564 |
(Decrease) increase in taxes payable | ' | ' | 27,269 |
Increase in employee loans | ' | ' | -2,900 |
Net Cash Consumed By Operating Activities | -95,282 | -111,466 | -813,057 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Cash transferred on sale of subsidiary | ' | ' | -270 |
Redemptions of certificates of deposit | 3,000 | 25,000 | 695,000 |
Net Cash Provided By Investing Activities | 3,000 | 25,000 | 694,730 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Short term loans | ' | ' | 14,212 |
Sale of common stock | 100,000 | ' | 100,000 |
Officer advances | ' | 83,596 | 53,260 |
Officer repayments | ' | ' | -68,635 |
Shareholder advances | 50,000 | ' | 75,082 |
Shareholder repayments | ' | ' | -3,212 |
Advances from affiliate | 25,048 | ' | 26,223 |
Net Cash Provided By Finance Activities | 175,048 | 83,596 | 196,930 |
Effect on Cash of Exchange Rate Changes | 1 | -15 | 181 |
Net Change in Cash Balances | 82,767 | -2,885 | 78,784 |
Cash balance, beginning of period | 3,600 | 9,193 | 7,583 |
Cash balance, end of period | $86,367 | $6,308 | $86,367 |
1_Basis_of_Presentation
1. Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
1. Basis of Presentation | ' |
1. BASIS OF PRESENTATION | |
The unaudited interim consolidated financial statements of Amanasu Environment Corporation and Subsidiary ("the Company") as of September 30, 2013 and December 31, 2012 and for the three and nine month periods ended September 30, 2013 and 2012, -and the period from inception of development stage through September 30, 2013, have been prepared in accordance with accounting principles generally accepted in the United States 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 nine month period ended September 30, 2013 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2013. | |
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-K for the year ended December 31, 2012. | |
Reclassifications | |
Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications have no material impact on the previously reported financial position, results of operations and cash flows. | |
2_Supplemental_Cash_Flows_Info
2. Supplemental Cash Flows Information | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
2. Supplemental Cash Flows Information | ' |
2. SUPPLEMENTAL CASH FLOWS INFORMATION | |
There were no cash payments for interest or income taxes during any of the periods presented. In addition, there were no non-cash investing or financing activities during these periods. |
3_Going_Concern_Uncertainty
3. Going Concern Uncertainty | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
3. Going Concern Uncertainty | ' |
3. GOING CONCERN UNCERTAINTY | |
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company had an accumulated deficit at September 30, 2013, and a record of continuing losses. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. |
4_Expenses
4. Expenses | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Notes | ' | |||||||||||||||
4. Expenses | ' | |||||||||||||||
4. EXPENSES | ||||||||||||||||
Major items included in expense are presented below. | ||||||||||||||||
NINE MONTH PERIODS | THREE MONTH PERIODS | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Consulting fees – related party | $ | 20,000 | $ | 20,000 | $ | 20,000 | $ | - | ||||||||
Travel | 18,369 | 34,361 | 9,503 | 17,053 | ||||||||||||
Rent | 25,914 | 36,048 | 8,757 | 8,446 | ||||||||||||
Professional fees | 16,868 | 18,650 | 1,940 | 1,250 | ||||||||||||
5_Related_Party_Transactions
5. Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
5. Related Party Transactions | ' |
5. RELATED PARTY TRANSACTIONS | |
During the nine month period ended September 30, 2013 the Company received cash advances of $50,000 from its parent company and $25,048 from an affiliate. An accrued compensation award in the amount of $20,000 for the current year is owed to the Company secretary. The amount accrued from the prior year, also $20,000, has been paid during the current year. |
6_Issuance_of_Common_Stock
6. Issuance of Common Stock | 9 Months Ended |
Sep. 30, 2013 | |
Notes | ' |
6. Issuance of Common Stock | ' |
6. ISSUANCE OF COMMON STOCK | |
On September 11, 2013 100,000 shares of common stock were issued for $100,000. |
4_Expenses_Schedule_Of_Other_O
4. Expenses: Schedule Of Other Operating Cost And Expense By Component TextBlock (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Tables/Schedules | ' | |||||||||||||||
Schedule Of Other Operating Cost And Expense By Component TextBlock | ' | |||||||||||||||
NINE MONTH PERIODS | THREE MONTH PERIODS | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Consulting fees – related party | $ | 20,000 | $ | 20,000 | $ | 20,000 | $ | - | ||||||||
Travel | 18,369 | 34,361 | 9,503 | 17,053 | ||||||||||||
Rent | 25,914 | 36,048 | 8,757 | 8,446 | ||||||||||||
Professional fees | 16,868 | 18,650 | 1,940 | 1,250 | ||||||||||||
4_Expenses_Schedule_Of_Other_O1
4. Expenses: Schedule Of Other Operating Cost And Expense By Component TextBlock (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Details | ' | ' | ' | ' |
Consulting Fees - related party | $20,000 | ' | $20,000 | $20,000 |
Travel and Entertainment Expense | 9,503 | 17,053 | 18,369 | 34,361 |
Operating Leases, Rent Expense | 8,757 | 8,446 | 25,914 | 36,048 |
Professional Fees | $1,940 | $1,250 | $16,868 | $18,650 |
5_Related_Party_Transactions_D
5. Related Party Transactions (Details) (USD $) | 9 Months Ended | 57 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | |
Details | ' | ' |
Shareholder advances | $50,000 | $75,082 |
Advances from affiliate | 25,048 | ' |
Amount Due to Related Party for Services | 20,000 | 20,000 |
Amount Due to Related Party for Services - Paid | $20,000 | ' |
6_Issuance_of_Common_Stock_Det
6. Issuance of Common Stock (Details) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Details | ' |
Stock Issued During Period Shares Issued For Cash | 100,000 |
Stock Issued During Period Value Issued For Cash | $100,000 |