Amanasu Environment (AMSU) 10-K 30 Mar 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 25, 2021	Jun. 30, 2020
Cover [Abstract]
Entity Registrant Name	AMANASU ENVIRONMENT CORP
Document Type	10-K
Document Period End Date	Dec. 31, 2020
Amendment Flag	false
Entity Central Index Key	0001142801
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		44,100,816
Public Float			$ 412,116
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Entity File Number	000-32905
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current Assets:
Cash	$ 47	$ 211
Due from affiliates	0	24,509
Total current assets	47	24,720
Operating lease right-of-use assets	11,019	25,084
Total assets	11,066	49,804
Current Liabilities:
Accounts payable and accrued expenses	11,165	13,402
Accrued expenses - related parties	108,312	82,170
Accrued interest - stockholders and officers	92,766	72,764
Taxes payable	32,668	31,056
Operating lease liabilities - current	11,019	14,065
Due to affiliate	11,338	0
Loans from stockholders and officers	441,622	439,765
Total current liabilities	708,890	653,222
Operating lease liabilities	0	11,019
Total liabilities	708,890	664,241
Commitments and contingencies
Stockholders' Deficit:
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
Accumulated deficit	(5,539,235)	(5,456,421)
Accumulated other comprehensive income	4,115	4,636
Total Amanasu Environment Corporation stockholders' deficit	(697,467)	(614,132)
Non-controlling interest in subsidiary	(357)	(305)
Total stockholders' deficit	(697,824)	(614,437)
Total liabilities and stockholders' deficit	$ 11,066	$ 49,804

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	100,000,000	100,000,000
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, 2020	Dec. 31, 2019
Revenue
Revenue	$ 0	$ 0
Cost of revenue	0	0
Gross profit	0	0
General and administrative expenses	62,812	65,502
Operating loss	(62,812)	(65,502)
Other Expense:
Interest expense - stockholders and officers	(20,002)	(19,366)
Loss before income taxes	(82,814)	(84,868)
Income taxes	0	0
Net loss	(82,814)	(84,868)
Net loss attributable to non-controlling interest	0	0
Net Loss Attributable to Amanasu Environment Corporation stockholders	(82,814)	(84,868)
Other Comprehensive Loss:
Foreign currency translation adjustment	(573)	(110)
Comprehensive loss	(83,387)	(84,978)
Less: comprehensive loss attributable to non-controlling interest	(52)	(10)
Comprehensive loss attributable to Amanasu Environment Corporation stockholders	$ (83,335)	$ (84,968)
Net loss per share - basic and diluted	$ 0	$ 0
Weighted average number of shares outstanding - basic and diluted	44,100,816	44,100,816

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Common Stock	Additional Paid In Capital	Accumulated Deficit	Other Comprehensive Income	Noncontrolling Interest	Total
Beginning balance, shares at Dec. 31, 2018	44,000,816
Beginning balance, amount at Dec. 31, 2018	$ 44,001	$ 4,793,552	$ (5,371,553)	$ 4,736	$ (295)	$ (529,459)
Net loss			(84,868)			(84,868)
Foreign currency translation adjustment				(100)	(10)	(110)
Ending balance, shares at Dec. 31, 2019	44,000,816
Ending balance, amount at Dec. 31, 2019	$ 44,001	4,793,552	(5,456,421)	4,636	(305)	(614,437)
Net loss			(82,814)			(82,814)
Foreign currency translation adjustment				(521)	(52)	(573)
Ending balance, shares at Dec. 31, 2020	44,000,816
Ending balance, amount at Dec. 31, 2020	$ 44,001	$ 4,793,552	$ (5,539,235)	$ 4,115	$ (357)	$ (697,824)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATIONS:
Net loss	$ (82,814)	$ (84,868)
Changes in assets and liabilities:
Accounts payable and accrued expenses	(2,479)	(889)
Accrued expenses - related parties	25,750	25,750
Accrued interest - stockholders and officers	20,002	19,365
Net cash used in operating activities	(39,541)	(40,642)
CASH FLOWS FROM FINANCING ACTIVITIES
Loan from stockholders and officers	3,530	33,850
Due from (to) affiliate	35,847	3,713
Net cash provided by financing activities	39,377	37,563
Effect on cash of exchange rate changes	0	0
Net change in cash	(164)	(3,079)
Cash, beginning of year	211	3,290
Cash, end of year	47	211
Supplemental disclosures of cash flow information:
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

1. ORGANIZATION AND BUSINESS

1. ORGANIZATION AND BUSINESS	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. ORGANIZATION AND BUSINESS	Amanasu Environment Corporation (the “Company”) is a Nevada Corporation, formed on February 22, 1999. The Company’s principal business, through its wholly owned subsidiary in Japan, is to complete the 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 and 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 sales.

2. GOING CONCERN

2. GOING CONCERN	12 Months Ended
	Dec. 31, 2020
Going Concern
2. GOING CONCERN	The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the consolidated financial statements, the Company had a working capital deficiency of $708,843 and an accumulated deficit of $5,539,235 at December 31, 2020, and a record of continuing losses. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company's present plans, the realization of which cannot be assured, to overcome these difficulties include, but are not limited to, a continuing effort to investigate business acquisitions and joint ventures. The Company will also continue to investigate and develop technologies, which the Company believes have great market potential. As such, the Company may need to pursue additional sources of financing or will need to rely on loans from stockholders and officers to support the operations. There can be no assurances that the Company can secure additional financing. The Company’s operations may be affected by the recent and ongoing outbreak of the coronavirus disease 2019 (COVID-19), which in March 2020 was declared a pandemic by the World Health Organiztion. The ultimate disruption which may be caused by the outbreak is uncertain, however, it may result in a material adverse impact on the Company’s financial position and cash flows. Possible areas that may be affected include, but are not limited to, disruption to the Company’s ability to obtain funding and performing further research on certain projects.

3. SUMMARY OF SIGNIFICANT ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
3. 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 wholly-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 accounting principles generally accepted in the United States of America requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassification Certain last year’s amounts were reclassified to conform with current year presentation. Development Stage Company The Company is considered to be in the development stage as defined in ASC 915 “Development Stage Entities.” The Company is devoting substantially all of its efforts to the development of its business plans. The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; and does not present or disclose inception-to-date information and other remaining disclosure requirements of Topic 915. 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 amounts are translated at the rate of exchange in effect at balance sheet dates, 103.25 Japanese Yen to $1.00 USD at December 31, 2020 and 108.61 Japanese Yen to $1.00 USD at December 31, 2019. 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, 2020 and 2019. 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 consolidated statements of comprehensive loss. Accounting for 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. Fair Value of Financial Instruments The Company has adopted the provisions of ASC Topic 820, Fair Value Measurements and Disclosures”, which defines the fair value as used in numerous 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 loans from stockholder 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. New Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, Income Taxes - simplifying the accounting for income taxes (Topic 740), which is meant to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes. The amendment also improves consistent application and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This ASU is effective January 1, 2021, and we do not expect the adoption of this standard to have a significant impact on our financial position and results of operations. No other recently issued accounting pronouncements had or are expected to have a material impact on the Company’s consolidated financial statements.

4. RELATED PARTY TRANSACTIONS

4. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
4. RELATED PARTY TRANSACTIONS	The Company receives periodic loans from its principal stockholders and officers based upon the Company’s cash flow needs. There is no written loan agreement between the Company and the stockholders and officers. All loans bear interest at 4.45%, due on demand and no repayment terms have been established. As a result, the amount is classified as a current liability. During the years ended December 31, 2020 and 2019, the Company borrowed $3,530 and $33,850, respectively, from a stockholder. The balances due as of December 31, 2020 and 2019 were $394,100 and $390,570, respectively. Interest expense associated with these loans were $17,739 and $17,110 for the years ended December 31, 2020 and 2019, respectively. Accrued interest on these loans were $79,286 and $61,547 at December 31, 2020 and 2019, respectively. The Company has an arrangement with a stockholder of the Company to perform consulting services. The agreement is not written, and no payment terms have been established. The fee is $10,000 annually. As of December 31, 2020, and 2019 amounts due to the stockholder were $40,000 and $30,000, respectively. For the most part, these payments are made by the Company’s affiliate. As such, when the payments are made by the Company’s affiliate or the lease payments are made by the Company on behalf of the affiliate, such amounts are shown as a reduction in or addition to the amount due from affiliate in the accompanying balance sheets. The Company's executive offices are located at 244 Fifth Avenue 2nd Floor New York, NY 10001 and Vancouver, British Columbia. The total premises in Vancouver are 2,000 square feet and are leased from a stockholder at a monthly rate of $2,500 under a lease agreement which expired October 1, 2021. The office in New York is rented at the rate of $360 each year and is also shared with Amanasu Techno Holdings Corp. In addition, the Company maintains an office at Suite 905, 1-6-1 Senzoku Taito-Ku Tokyo Japan. The net balance due to Amanasu Techno Holdings at December 31, 2020 was $11,338 as compared to an amount due from Amanasu Techno Holdings of $24,509 at December 31 2019. Amanasu Corp. is the principle shareholder of the Company. The balance due to Amanasu Corp. was $50,000 and $50,000 at December 31, 2020 and 2019, respectively. No terms of payment have been established and, as a result, the amount is classified as a current liability. The amounts bear interest of 4.45% annually. Interest expenses associated with this loan were $2,263 and $2,256 for the years ended December 31, 2020 and 2019, respectively. Accrued interest on this loan was $13,480 and $11,217 at December 31, 2020 and 2019, respectively.

5. OPERATING LEASE LIABILITY

5. OPERATING LEASE LIABILITY	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
5. OPERATING LEASE LIABILITY	The Company's executive offices are located at 244 Fifth Avenue 2nd Floor New York, NY 10001 and Vancouver, British Columbia. The total premises in Vancouver are 2,000 square feet and are leased at a monthly rate of $2,500 under a lease agreement between the Company and the Secretary of the Company's board of directors and the stockholders of the Company which expires October 1, 2021. The Company shares the space with ATH, a reporting company under the Securities Exchange Act of 1934. Our major shareholder and officer own approximately 86% of ATH’s outstanding shares of common stock. ATH is responsible for 50% of the rent or $1,250 each month. The Company's lease does not provide an implicit rate, and therefore the Company uses an estimated incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease. The Company used incremental borrowing rate of 5% for the calculation of operating lease liabilities. Upon adoption of ASC 842, Leases, on January 1, 2019 the Company recorded $10,353 of right-of-use assets and related operating leases liabilities. This asset was fully amortized as of September 30, 2019. On October 1, 2019, the Company commenced a new lease with the same stockholder from October 1, 2019 to September 30, 2021 with a monthly payment of approximately $1,250. As such, the Company recorded $28,492 of right-of-use assets and related operating leases liabilities. For the year ended December 31, 2020, the Company amortized $14,065 of right-of-use assets. The following table reconciles the undiscounted future minimum lease under the non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of December 31, 2020: 2021 $ 11,250 Total undiscounted future minimum lease payments 11,250 Less: Difference between undiscounted lease payments and discounted lease liabilities (231 ) Total operating lease liabilities 11,019 Less current portion (11,019 ) Long-term lease liabilities $ -0- Total rent expense under operating leases for the year ended December 31, 2020 was $15,929 as compared to $15,948 for the year ended December 31, 2019.

6. INCOME TAXES

6. INCOME TAXES	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
6. INCOME TAXES	In accordance with the current tax law in the U.S., the Company is subject to a corporate tax rate of 21% on its taxable income. No provision for taxes is made for U.S. income tax for the years ended December 31, 2020 and 2019 as it had no taxable income. The Company can carry forward net operating losses (NOL’s) to be applied against future profits for a period of twenty years in the U.S. and 80% of the NOL can be carried forward for three years in Japan. The Company had NOL carryforwards of approximately $3.73 million in the U.S. at December 31, 2020. Approximately $3.48 million in the U.S. will expire in the years 2021 through 2037, and $0.25 million can be carried forward indefinitely. Deferred income taxes are recorded to reflect the tax consequences or benefits to future years of any temporary differences between the tax basis of assets and liabilities, and of net operating loss carryforwards. 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 us 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 assets relating to the NOL’s for every period because it is more likely than not that all of the deferred tax assets will not be realized. The tax returns for the years 2017, 2018, and 2019 are subject to audit by the Internal Revenue Service. The reconciliation of income tax at the U.S. statutory rate of 21% to the Company’s effective tax rate is as follows: 2020 2019 Income tax expense at statutory rate 21 % 21 % Change in valuation allowance (21 %) (21 %) Income tax expense - - The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2020 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 784,464 $ -0- Valuation Allowance (784,464 ) -0- Deferred Tax Assets $ -0- $ -0- The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2019 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 814,313 $ 1,991 Valuation Allowance (814,313 ) (1,991 ) Deferred Tax Assets $ -0- $ -0-

7. SUBSEQUENT EVENT

7. SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
7. SUBSEQUENT EVENT	The Company evaluated subsequent events or transaction that occurred after December 31, 2020 through the issuance date of the accompanying financial statements and determined that no significant subsequent event need to be recognized or disclosed.

3. SUMMARY OF SIGNIFICANT ACC_2

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
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 wholly-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 accounting principles generally accepted in the United States of America requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassification	Certain last year’s amounts were reclassified to conform with current year presentation.
Development Stage Company	The Company is considered to be in the development stage as defined in ASC 915 “Development Stage Entities.” The Company is devoting substantially all of its efforts to the development of its business plans. The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; and does not present or disclose inception-to-date information and other remaining disclosure requirements of Topic 915.
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 amounts are translated at the rate of exchange in effect at balance sheet dates, 103.25 Japanese Yen to $1.00 USD at December 31, 2020 and 108.61 Japanese Yen to $1.00 USD at December 31, 2019. 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, 2020 and 2019. 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 consolidated statements of comprehensive loss.
Accounting for 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.
Fair Value of Financial Instruments	The Company has adopted the provisions of ASC Topic 820, Fair Value Measurements and Disclosures”, which defines the fair value as used in numerous 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 loans from stockholder 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.
New Accounting Pronouncements	In December 2019, the FASB issued ASU No. 2019-12, Income Taxes - simplifying the accounting for income taxes (Topic 740), which is meant to simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, Income Taxes. The amendment also improves consistent application and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. This ASU is effective January 1, 2021, and we do not expect the adoption of this standard to have a significant impact on our financial position and results of operations. No other recently issued accounting pronouncements had or are expected to have a material impact on the Company’s consolidated financial statements.

5. OPERATING LEASE LIABILITY (T

5. OPERATING LEASE LIABILITY (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Future minimum lease payments	2021 $ 11,250 Total undiscounted future minimum lease payments 11,250 Less: Difference between undiscounted lease payments and discounted lease liabilities (231 ) Total operating lease liabilities 11,019 Less current portion (11,019 ) Long-term lease liabilities $ -0-

6. INCOME TAXES (Tables)

6. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation	2020 2019 Income tax expense at statutory rate 21 % 21 % Change in valuation allowance (21 %) (21 %) 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, 2020 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 784,464 $ -0- Valuation Allowance (784,464 ) -0- Deferred Tax Assets $ -0- $ -0- The tax effects of temporary differences that give rise to the Company’s net deferred tax assets as of December 31, 2019 are as follows: U.S. JAPAN Net Operating Loss Carryforwards $ 814,313 $ 1,991 Valuation Allowance (814,313 ) (1,991 ) Deferred Tax Assets $ -0- $ -0-

2. GOING CONCERN (Details Narra

2. GOING CONCERN (Details Narrative) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Going Concern
Working capital deficiency	$ (708,843)
Accumulated deficit	$ (5,539,235)	$ (5,456,421)

4. RELATED PARTY TRANSACTIONS (

4. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance due	$ 394,100	$ 390,570
Interest expense	17,739	17,110
Accrued interest	79,286	61,547
Stockholder 1
Balance due	40,000	30,000
Stockholder 2
Balance due	60,371	44,620
Amanasu Techno Holdings
Balance due	11,338	24,509
Principle Stockholder
Balance due	50,000	50,000
Interest expense	2,263	2,256
Accrued interest	$ 13,480	$ 11,217

5. OPERATING LEASE LIABILITY (D

5. OPERATING LEASE LIABILITY (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 11,250
Total undiscounted future minimum lease payments	11,250
Less: difference between undiscounted lease payments and discounted lease liabilities	(231)
Total operating lease liabilities	11,019
Less current portion	(11,019)	$ (14,065)
Long-term lease liabilities	$ 0	$ 11,019

5. OPERATING LEASE LIABILITY _2

5. OPERATING LEASE LIABILITY (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Rent expense	$ 15,929	$ 15,948

6. INCOME TAXES (Details)

6. INCOME TAXES (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense at statutory rate	21.00%	21.00%
Change in valuation allowance	(21.00%)	(21.00%)
Income tax expense	0.00%	0.00%

6. INCOME TAXES (Details 1)

6. INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
U.S.
Net operating loss carryforwards	$ 784,464	$ 814,313
Valuation allowance	(784,464)	(814,313)
Deferred tax assets	0	0
Japan
Net operating loss carryforwards	0	1,991
Valuation allowance	0	(1,991)
Deferred tax assets	$ 0	$ 0

6. INCOME TAXES (Details Narrat

6. INCOME TAXES (Details Narrative)	Dec. 31, 2020USD ($)
U.S.
Operating loss carryforwards (NOL)	$ 3,730,000