Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 10, 2015 | |
Document and Entity Information | ||
Entity Registrant Name | AMANASU ENVIRONMENT CORP | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2015 | |
Amendment Flag | false | |
Entity Central Index Key | 1,142,801 | |
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 | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Current Assets: | ||
Cash | $ 28,046 | $ 8,030 |
Certificates of deposit | 0 | 1,000 |
Total current assets | 28,046 | 9,030 |
Fixed Assets: | ||
Automotive equipment | 25,859 | 25,859 |
Less, accumulated depreciation | 25,859 | 25,859 |
Net fixed assets | 0 | 0 |
Total Assets | 28,046 | 9,030 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 37,235 | 37,779 |
Payroll and other taxes payable | 27,485 | 28,125 |
Loans from shareholder | 77,355 | 43,625 |
Amounts due to related parties | 67,998 | 64,614 |
Total current liabilities | 210,073 | 174,143 |
Stockholders' Equity: | ||
Common stock: authorized 100,000,000 shares of .001 par value; 44,100,816 shares issued and outstanding | 44,101 | 44,101 |
Additional paid in capital | 4,793,552 | 4,793,552 |
Deficit accumulated during development stage | (5,025,475) | (5,008,333) |
Accumulated other comprehensive income | 5,985 | 5,761 |
Total Amanasu Environment Corporation stockholders' deficit | (181,837) | (164,919) |
Non controlling interest in subsidiary | (190) | (194) |
Total stockholders' Deficit | (182,027) | (165,113) |
Total Liabilities and Stockholders' Deficit | $ 28,046 | $ 9,030 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Common stock shares authorized | 100,000,000 | 100,000,000 |
Common stock shares par value | $ 0.001 | $ 0.001 |
Common stock shares issued | 44,100,816 | 44,100,816 |
Common stock shares outstanding | 44,100,816 | 44,100,816 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Income Statement [Abstract] | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses | 8,849 | 23,930 | 14,268 | 52,830 |
Operating Loss | (8,849) | (23,930) | (14,268) | (52,830) |
Interest Income | 0 | 1 | 0 | 1 |
Interest expense | (1,792) | (672) | (2,874) | (672) |
Net Loss | (10,641) | (24,601) | (17,142) | (53,501) |
Other Comprehensive Loss: | ||||
Gain (loss) on foreign currency conversion | 163 | (162) | (45) | (431) |
Attributable to noncontrolling interest | 2 | 15 | 4 | 39 |
Net Other Comprehensive Loss | 165 | (147) | (41) | (392) |
Total Comprehensive Loss | $ (10,476) | $ (24,748) | $ (17,183) | $ (53,893) |
Net Loss Per Share - basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of shares outstanding | 44,100,816 | 44,100,816 | 44,100,816 | 44,100,816 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
CASH FLOWS FROM OPERATIONS | ||
Net loss | $ (17,142) | $ (53,501) |
Changes in assets and liabilities: | ||
Increase (decrease) in accounts payable and accrued expenses | (544) | 21,042 |
Increase (decrease) in taxes payable | (640) | 0 |
Net Cash Consumed By Operating Activities | (18,326) | (32,459) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Redemptions of certificates of deposit | 1,000 | 0 |
Net Cash Provided by Investing Activities | 1,000 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Advances from shareholder | 33,730 | 0 |
Repayment from shareholder advances | 0 | (6,465) |
Officer advances | 3,384 | 20,000 |
Advance from affiliate | 0 | 7,071 |
Net Cash Provided By Financing Activities | 37,114 | 20,606 |
Effect on Cash of Exchange Rate Changes | 228 | 0 |
Net Changes In Cash Balances | 20,016 | (11,853) |
Cash balance, beginning of period | 8,030 | 12,842 |
Cash balance, end of period | $ 28,046 | $ 989 |
1. BASIS OF PRESENTATION
1. BASIS OF PRESENTATION | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
1. BASIS OF PRESENTATION | The unaudited interim consolidated financial statements of Amanasu Environment Corporation ("the Company") as of June 30, 2015 and 2014 and for the three and six month periods ended June 30, 2015 and 2014, 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 of only normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations of the six month period ended June 30, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2015. 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, 2014. |
2. SUPPLEMENTAL DISCLOSURES OF
2. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
2. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION | There were no cash payments for interest or income taxes during either 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 | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
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 June 30, 2015, 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 | 6 Months Ended |
Jun. 30, 2015 | |
Other Income and Expenses [Abstract] | |
4. EXPENSES | Major items included in expense are presented below. THREE MONTH PERIODS SIX MONTH PERIODS 2015 2014 2015 2014 Travel $ 3,331 $ 10,522 $ 5,618 $ 17,040 Rent - 8,400 1,690 17,157 Professional Fees - 2,150 - 11,330 |
5. RELATED PARTY TRANSACTIONS
5. RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
5. RELATED PARTY TRANSACTIONS | During the six month period ended June 30, 2015 the Company received advances in the amount of $10,675 from the wife of the Company's president and $23,055 from the President. In addition, there was a liability at June 30, 2015 of $8,400 for rent on a facility owned by the Company President and $20,000 accrued for secretarial services to the wife of the Company president. |
4. EXPENSES (Tables)
4. EXPENSES (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Other Income and Expenses [Abstract] | |
Summary of expenses | THREE MONTH PERIODS SIX MONTH PERIODS 2015 2014 2015 2014 Travel $ 3,331 $ 10,522 $ 5,618 $ 17,040 Rent - 8,400 1,690 17,157 Professional Fees - 2,150 - 11,330 |
4. EXPENSES (Details)
4. EXPENSES (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Other Income and Expenses [Abstract] | ||||
Travel | $ 3,331 | $ 10,522 | $ 5,618 | $ 17,040 |
Rent | 0 | 8,400 | 1,690 | 17,157 |
Professional Fees | $ 0 | $ 2,150 | $ 0 | $ 11,330 |
5. Related Party Transactions (
5. Related Party Transactions (Details Narrative) | 6 Months Ended |
Jun. 30, 2015USD ($) | |
President | |
Advances from affiliate | $ 23,055 |
President's Wife | |
Advances from affiliate | $ 10,675 |