Amanasu Environment (AMSU) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

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