Amanasu Environment (AMSU) 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 24, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	AMANASU ENVIRONMENT CORP
Document Type	10-K
Document Period End Date	Dec. 31, 2016
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
Public Float			$ 741,808
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	2,016
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 6,038	$ 44,279
Total current assets	6,038	44,279
Total Assets	6,038	44,279
Current Liabilities:
Accounts payable and accrued expenses	7,309	7,916
Accrued expenses - related parties	31,942	10,754
Accrued interest - stockholders	22,191	10,425
Taxes payable	28,829	28,057
Loans from stockholders	228,855	207,355
Due to related parties	14,174	24,541
Total current liabilities	333,300	289,048
Commitments and Contingencies
Stockholders' Equity:
Common stock: authorized 100,000,000 shares of .001 par value; 44,100,816 and 44,100,816, respectively issued and outstanding	44,101	44,101
Additional paid in capital	4,793,552	4,793,552
Accumulated Deficit	(5,170,041)	(5,087,822)
Accumulated other comprehensive income	5,360	5,609
Total Amanasu Environment Corporation stockholders' deficit	(327,028)	(244,560)
Non-controlling interest	(234)	(209)
Total stockholders' deficit	(327,262)	(244,769)
Total Liabilities and Stockholders' Equity	$ 6,038	$ 44,279

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
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 COMP

CONSOLIDATED STATEMENTS OF COMPRHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenue
Revenue
Cost of revenue
Gross profit
General and administrative expenses	70,453	72,155
Operating loss	(70,453)	(72,155)
Other Expense:
Interest Expense	(11,766)	(7,334)
Net loss before income taxes	(82,219)	(79,489)
Income taxes
Net loss	(82,219)	(79,489)
Net loss attributable to non-controlling interest
Net Loss Attributable to Amanasu Environment Corporation	(82,219)	(79,489)
Other Comprehensive Loss:
Foreign currency translation adjustment	(274)	(167)
Comprehensive loss	(82,493)	(79,656)
Comprehensive loss attributable to non-controlling interest	(25)	(15)
Comprehensive loss attributable to Amanasu Environment Corporation Stockholders	$ (82,468)	$ (79,641)
Net Loss Per Share - basic and diluted	$ 0	$ 0
Weighted average number of shares outstanding	44,100,816	44,100,816

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Noncontrolling Interest	Total
Balance at Dec. 31, 2014	$ 44,001	$ 4,793,552	$ (5,008,333)	$ 5,761	$ (194)	$ (165,113)
Balance - shares at Dec. 31, 2014	44,000,816
Net loss			(79,489)			(79,489)
Other comprehensive loss				(152)	(15)	(167)
Balance at Dec. 31, 2015	$ 44,001	4,793,552	(5,087,822)	5,609	(209)	(244,769)
Balance - shares at Dec. 31, 2015	44,000,816
Net loss			(82,219)			(82,219)
Other comprehensive loss				(249)	(25)	(274)
Balance at Dec. 31, 2016	$ 44,001	$ 4,793,552	$ (5,170,041)	$ 5,360	$ (234)	$ (327,262)
Balance - shares at Dec. 31, 2016	44,000,816

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATIONS:
Net loss	$ (82,219)	$ (79,489)
Changes in current assets and liabilities:
Decrease (increase) in certificates of deposit		1,000
Increase (decrease) in accounts accrued expenses -stockholders	21,188	(23,050)
Increase (decrease) in accounts payable and accrued expenses	(607)	(2,896)
Increase (decrease) in accrued interest - shareholders	11,766	7,334
Net Cash Consumed By Operating Activities	(49,872)	(97,101)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from shareholders, net of repayment	21,500	163,730
Repayment to related parties	(10,367)	(30,146)
Net Cash Provided By Financing Activities	11,133	133,584
Effect on Cash of Exchange Rate Changes	498	(234)
Net change in cash	(38,241)	36,249
Cash, beginning of year	44,279	8,030
Cash, end of year	$ 6,038	$ 44,279

1. ORGANIZATION AND BUSINESS

1. ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
1. ORGANIZATION AND BUSINESS	Amanasu Environment Corporation (“the Company”) is a Nevada Corporation, formed in February 22, 1999. The Company’s principal business, through its wholly owned subsidiary in Japan, is in complete development of Environmental Technologies to improve the quality of life for the future of the planet. The Company is involved in all aspects of environmental technology development: research and development, marketing, sales. It also produces and acquires environmental technology and related patents. 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.

2. GOING CONCERN

2. GOING CONCERN	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
2. GOING CONCERN	The Company's consolidated financial statements have been presented assuming that the Company will continue as a going concern. As shown in the consolidated financial statements, the Company has negative working capital of 327,262 and stockholders’ deficit attributable to the Company’s stockholders of $327,028 at December 31, 2016, and has incurred operating losses since inception. These conditions, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include any adjustments related to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation. The Company's plans, the realization of which cannot be assured, are to obtain funds from the sale of securities or working capital loans from its parent company or its officers.

3. SUMMARY OF SIGNIFICANT ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Principles of Consolidation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and include the Company and its 91% owned subsidiary. All significant inter-company accounts and transactions have been eliminated. Non-controlling Interest: Non-controlling interest represents third party ownership in the net assets of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority owned subsidiaries are consolidated with those of our own, with any third party investor’s interest shown as non-controlling interest. Cash and Cash Equivalents For purposes of the statements of cash flows, the Company considers all short term debt securities purchased with a maturity of three months or less to be cash equivalents. Impairment of Long-Lived Assets The Company performs a review for potential impairment of long-lived assets whenever an event or changes in circumstances indicate the carrying value of an asset may not be recoverable. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated. Foreign Currency Translation The Company’s subsidiary is located in Japan and use the currency of Japan (Yen) as its functional currency. Assets and liabilities are at the rates of exchange in effect at balance sheet dates 117.0 Japanese Yen to $ 1 USD at December 31, 2016 and 120.22 Japanese Yen to $1 USD at December 31. 2015. Equity accounts are translated at the exchange rates prevailing at the time of the transactions that established the equity accounts; and income statement items are translated at the average exchange rate for the period. There were no revenues or expenses related to the operations in Japan for the years ended December 31, 2016 and 2015. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC Topic 220, "Comprehensive Income." Gains and losses resulting from the foreign currency transactions are reflected in the statements of income. Development Stage Company The Company is considered to be in the development stage as defined in ASC 915 “ Development Stage Entities. Fair Value of Financial Instruments The Company has adopted the provisions of ASC Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 – quoted prices in active markets for identical assets or liabilities. Level 2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 – inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The estimated fair value of certain financial instruments, including cash, accrued expenses and advances from stockholders and officers are carried at historical cost basis, which approximates fair values because of the short-term maturing of these instruments. We have no financial assets or liabilities measured at fair value on a recurring basis. Net Income (Loss) Per Share The Company computes net income (loss) per common share in accordance with pronouncements of the Financial Accounting Standards Board (FASB) and SEC Staff Accounting Bulletin No. 98 ("SAB 98"). Under these pronouncements, basic and diluted net income (loss) per common share are computed by dividing the net income (loss) available to common shareholders for each period by the weighted average number of shares of common stock outstanding during the period. Accordingly, the number of weighted average shares outstanding as well as the amount of net income (loss) per share are presented for basic and diluted per share calculations for all periods reflected in the accompanying consolidated financial statements. Income Taxes The Company accounts for income taxes under the provisions of FASB ASC Topic 740, “Income Tax,” which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the difference between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company establishes a valuation when it is more likely than not that the assets will not be recovered. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. Recent Accounting Pronouncements The Company does not expect recent accounting pronouncements to have a material effect on its financial position, results of operations or cash flows.

4. RELATED PARTY TRANSACTIONS

4. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
4. RELATED PARTY TRANSACTIONS	On July 21, 2015, the Board of Directors approved a $20,000 consulting fee to Lina Maki a shareholder of the Company for her management consulting time in the past. This fee is a shared expense between the Company and its affiliate Amanasu Techno Holdings Corporation. The Company has accrued its portion of the consulting fee of $10,000, as of December 31, 2015. The Company also leases its office space from a shareholder of the Company. At December 31, 2016 and December 31, 2015, amounts due to the shareholder were $24,933 and $3,933, respectively. When the lease payments are made by the Company’s affiliate or the lease payments are made by the Company on behalf of affiliate, such amounts are shown as a reduction in or addition to the amount due to/from affiliate in the Company’s balance sheets. The balance due from the Company’s affiliate was $5,911 and $nil as of December 31, 2016 and 2015, respectively. The amount due to the Company’s affiliate was $nil and $3,654 as of December 31, 2016 and 2015, respectively. Amanasu Corp. is the principal shareholder of the Company. The balance due from Amanasu Corp. was $29,915 and $29,113 at December 31, 2016 and 2015, respectively. The balance due to Amanasu Corp. was $50,000 and $50,000 at December 31, 2016 and 2015, respectively. The amounts bear interest at 4.45%. Accrued interest has the balance of $4,456 and $2,225 at December 31, 2016 and 2015, respectively. Interest expense associated with these loans were $2,231 and $2,225 for the years ended December 31, 2016 and 2015, respectively. No terms for repayment have been established. As a result, the amount is classified as a current liability. There was no transactions between the Company and Amanasu Corp. during the years ended December 31, 2016 and 2015. The Company receives periodic advances from its principal stockholders and officers based upon the Company’s cash flow needs. Amounts bear interest at 4.45%. At December 31, 2016 and December 31, 2015, the balance due to stockholders were $228,855 and $207,355, respectively. The balance of accrued interest was $17,735 and $8,200 at December 31, 2016 and 2015, respectively. Interest expense associated with these loans were $9,535 and $5,109 for the years ended December 31, 2016 and 2015, respectively. No terms for repayment have been established. As a result, the amount is classified as a current liability.

5. RENTALS UNDER OPERATING LEAS

5. RENTALS UNDER OPERATING LEASES	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
5. RENTALS UNDER OPERATING LEASES	The Company's executive offices are located at 445 Park Avenue Center 10th Floor New York, NY 10022, and Vancouver, British Columbia. The total premises in Vancouver are 2,000 square feet and are leased at a monthly rate of $2,500 and 5% tax under a lease agreement between the Company and the Secretary of the Company which expires on October 1, 2017. The Company shares the space with Amanasu Techno Holding Corporation (“ATC”), a reporting company under the Securities Exchange Act of 1934. Our major shareholder and officer own approximately 86% of ATC’s outstanding shares of common stock. ATC is responsible for 50% of the rent. The Company recorded rental expense of $17,178 and $17,178 for the years ended December 31, 2016 and 2015, respectively. The following is a schedule of approximate future minimum rental payments for operating leases subsequent to the year ended December 31, 2016 based on the Company’s share of rent: Year Amount 2017 $ 11,813

6. INCOME TAXES

6. INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Disclosure Text Block [Abstract]
6. INCOME TAXES	The Company has experienced losses since its inception. As a result, it has incurred no Federal income tax. The Company can carry forward operating losses (NOL's) to apply against future profits for a period of twenty years in the U.S. and 80% of NOL can be carryover for nine years in Japan. The available NOL's totaled approximately $3.9 million in the U.S. and $1 million in Japan at December 31, 2016 which will expire in the years 2017 through 2036. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized. The tax return for the years 2013, 2014, 2015 and 2016 are subject to audit by the Internal Revenue Service. The reconciliation of income tax rate at the U.S. statutory rate of 34% to the Company’s effective tax rate is as follows: 2015 2016 Income tax expense at statutory rate 34 % 34 % Change in valuation allowance (34 %) (34 %) Income tax expense - - The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2016 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 1,321,525 $ 349,031 Valuation Allowance (1,321,525 ) (349,031 ) Balance Recognized $ 0 $ 0 The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2015 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 1,293,601 $ 349,031 Valuation Allowance (1,293,601 ) (349,031 ) Balance Recognized $ 0 $ 0

7. RESTATEMENT

7. RESTATEMENT	12 Months Ended
	Dec. 31, 2016
Restatement
7. RESTATEMENT	The management of the Company has concluded that we should restate our financial statements as of and for the year ended December 31, 2015 due to inaccurate allocation of expenses paid by an affiliated company and miscalculation of accrued interest on stockholder loans. The effect of the restatement on specific line items in the consolidated financial statements for the year ended December 31, 2015 is set forth in the table below: Consolidated Balance Sheet Previously Reported Adjustments As Restated Accounts payable and accrued expenses $ 25,375 $ (17,459 ) $ 7,916 Accrued expenses – related party $ -0- $ 10,754 $ 10,754 Accrued interest - shareholders $ -0 $ 10,425 $ 10,425 Due to related parties $ 46,184 $ (21,643 ) $ 24,541 Accumulated deficit $ (5,112,581 ) $ 24,759 $ (5,087,822 ) Stockholders' deficit $ (269,528 ) $ 24,759 $ (244,769 ) Consolidated Statements of Operations Previously Reported Adjustments As Restated General and administrative expenses $ 97,965 $ (25,810 ) $ 72,155 Interest expense - stockholders and officers $ 6,283 $ 1,051 $ 7,334 Net loss $ (104,248 ) $ 24,759 $ (79,489 )

8. SUBSEQUENT EVENTS

8. SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events
8. SUBSEQUENT EVENT	The Company evaluated all events subsequent to December 31, 2016 through the date of issuance of the financial statements and concluded that there are no significant or material transactions to be reported.

1. SUMMARY OF SIGNIFICANT ACCOU

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and include the Company and its 91% owned subsidiary. All significant inter-company accounts and transactions have been eliminated.
Non-controlling Interest	Non-controlling Interest: Non-controlling interest represents third party ownership in the net assets of our consolidated subsidiaries. For financial reporting purposes, the assets and liabilities of our majority owned subsidiaries are consolidated with those of our own, with any third party investor’s interest shown as non-controlling interest.
Cash and cash equivalents	Cash and Cash Equivalents For purposes of the statements of cash flows, the Company considers all short term debt securities purchased with a maturity of three months or less to be cash equivalents.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company performs a review for potential impairment of long-lived assets whenever an event or changes in circumstances indicate the carrying value of an asset may not be recoverable.
Use Of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimated.
Foreign Currency Translation	Foreign Currency Translation The Company’s subsidiary is located in Japan and use the currency of Japan (Yen) as its functional currency. Assets and liabilities are at the rates of exchange in effect at balance sheet dates 117.0 Japanese Yen to $ 1 USD at December 31, 2016 and 120.22 Japanese Yen to $1 USD at December 31. 2015. Equity accounts are translated at the exchange rates prevailing at the time of the transactions that established the equity accounts; and income statement items are translated at the average exchange rate for the period. There were no revenues or expenses related to the operations in Japan for the years ended December 31, 2016 and 2015. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC Topic 220, "Comprehensive Income." Gains and losses resulting from the foreign currency transactions are reflected in the statements of income.
Development Stage Company	Development Stage Company The Company is considered to be in the development stage as defined in ASC 915 “ Development Stage Entities.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company has adopted the provisions of ASC Topic 820, "Fair Value Measurements and Disclosures", which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 – quoted prices in active markets for identical assets or liabilities. Level 2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 – inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The estimated fair value of certain financial instruments, including cash, accrued expenses and advances from stockholders and officers are carried at historical cost basis, which approximates fair values because of the short-term maturing of these instruments. We have no financial assets or liabilities measured at fair value on a recurring basis.
Net Income (loss) Per Share	Net Income (Loss) Per Share The Company computes net income (loss) per common share in accordance with pronouncements of the Financial Accounting Standards Board (FASB) and SEC Staff Accounting Bulletin No. 98 ("SAB 98"). Under these pronouncements, basic and diluted net income (loss) per common share are computed by dividing the net income (loss) available to common shareholders for each period by the weighted average number of shares of common stock outstanding during the period. Accordingly, the number of weighted average shares outstanding as well as the amount of net income (loss) per share are presented for basic and diluted per share calculations for all periods reflected in the accompanying consolidated financial statements.
Income Taxes	Income Taxes The Company accounts for income taxes under the provisions of FASB ASC Topic 740, “Income Tax,” which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the difference between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company establishes a valuation when it is more likely than not that the assets will not be recovered. ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company does not expect recent accounting pronouncements to have a material effect on its financial position, results of operations or cash flows.

5. RENTALS UNDER OPERATING LE16

5. RENTALS UNDER OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2016
Rentals Under Operating Leases Tables
Schedule of future minimum rental payments for operating leases	Year Amount 2017 $ 11,813

6. INCOME TAXES (Tables)

6. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Table Text Block Supplement [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of income tax rate at the U.S. statutory rate of 34% to the Company’s effective tax rate is as follows: 2015 2016 Income tax expense at statutory rate 34 % 34 % Change in valuation allowance (34 %) (34 %) Income tax expense - -
Deferred Tax Assets	The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2016 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 1,321,525 $ 349,031 Valuation Allowance (1,321,525 ) (349,031 ) Balance Recognized $ 0 $ 0 The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2015 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 1,293,601 $ 349,031 Valuation Allowance (1,293,601 ) (349,031 ) Balance Recognized $ 0 $ 0

7. RESTATEMENT (Tables)

7. RESTATEMENT (Tables)	12 Months Ended
	Dec. 31, 2016
Restatement Tables
The restatement on specific line items in the consolidated financial statements	he effect of the restatement on specific line items in the consolidated financial statements for the year ended December 31, 2015 is set forth in the table below: Consolidated Balance Sheet Previously Reported Adjustments As Restated Accounts payable and accrued expenses $ 25,375 $ (17,459 ) $ 7,916 Accrued expenses – related party $ -0- $ 10,754 $ 10,754 Accrued interest - shareholders $ -0 $ 10,425 $ 10,425 Due to related parties $ 46,184 $ (21,643 ) $ 24,541 Accumulated Deficit $ (5,112,581 ) $ 24,759 $ (5,087,822 ) Stockholders' deficit $ (269,528 ) $ 24,759 $ (244,769 ) Consolidated Statements of Operations Previously Reported Adjustments As Restated General and administrative expenses $ 97,965 $ (25,810 ) $ 72,155 Interest expense - stockholders and officers $ 6,283 $ 1,051 $ 7,334 Net loss $ (104,248 ) $ 24,759 $ (79,489 )

2. GOING CONCERN (Details Narra

2. GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Going Concern Details Narrative
Working capital	$ 327,262
Stockholders' deficit	$ (327,028)	$ (244,560)

4. RELATED PARTY TRANSACTIONS (

4. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Due to related party	$ 24,933	$ 3,933
Due to affiliate		3,654
Due from affiliate	5,911
Accrued interest	17,735	8,200
Interest expense	9,535	5,109
Balance due to stockholders	228,855	207,355
Consulting fee	20,000
Accrued consulting fee	10,000	7,916
Shareholders And Officers[Member]
Due to related party	50,000	50,000
Due from related party	29,915	29,113
Accrued interest	4,456	2,225
Interest expense	$ 2,231	$ 2,225

5. RENTALS UNDER OPERATING LE21

5. RENTALS UNDER OPERATING LEASES (Details)	Dec. 31, 2016USD ($)
Rentals Under Operating Leases Details
2,017	$ 11,813

5. RENTALS UNDER OPERATING LE22

5. RENTALS UNDER OPERATING LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Text Block [Abstract]
Operating Leases, Rent Expense	$ 17,178	$ 17,178
Major shareholder	86.00%

6. INCOME TAXES (Details)

6. INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes Details
Income tax expense at statutory rate	34.00%	34.00%
Change in valuation allowance	34.00%	34.00%
Income tax expense

6. INCOME TAXES (Details 1)

6. INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
US
Net Operating Loss Carryforwards	$ 1,321,525	$ 1,293,601
Valuation Allowance	(1,321,525)	(1,293,601)
Balance Recognized	0	0
Japan
Net Operating Loss Carryforwards	349,031	349,031
Valuation Allowance	(349,031)	(349,031)
Balance Recognized	$ 0	$ 0

6. INCOME TAXES (Details Narrat

6. INCOME TAXES (Details Narrative)	Dec. 31, 2016USD ($)
US
Operating Loss Carryforwards (NOL)	$ 3,900,000
Japan
Operating Loss Carryforwards (NOL)	$ 1,000,000

7. RESTATEMENT (Details)

7. RESTATEMENT (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Accounts payable and accrued expenses	$ 10,000	$ 7,916
Accrued expenses - related party		10,754
Accrued interest - shareholders	22,191	10,425
Due to related parties	14,174	24,541
Accumulated Deficit	$ (5,170,041)	(5,087,822)
Stockholders' deficit		(244,769)
Previously Reported [Member]
Accounts payable and accrued expenses		25,375
Accrued expenses - related party		0
Accrued interest - shareholders		0
Due to related parties		46,184
Accumulated Deficit		(5,112,581)
Stockholders' deficit		(269,528)
Adjustment [Member]
Accounts payable and accrued expenses		(17,459)
Accrued expenses - related party		10,754
Accrued interest - shareholders		10,425
Due to related parties		(21,643)
Accumulated Deficit		24,759
Stockholders' deficit		$ 24,759

7. RESTATEMENT (Details 1)

7. RESTATEMENT (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
General and administrative expenses	$ 70,453	$ 72,155
Interest expense - stockholders and officers	11,766	7,334
Net loss	$ (82,219)	(79,489)
Previously Reported [Member]
General and administrative expenses		97,965
Interest expense - stockholders and officers		6,283
Net loss		(104,248)
Adjustment [Member]
General and administrative expenses		(25,810)
Interest expense - stockholders and officers		1,051
Net loss		$ 24,759