Amanasu Techno (ANSU) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 11, 2021
Cover [Abstract]
Entity Registrant Name	AMANASU TECHNO HOLDINGS CORP,
Entity Central Index Key	0001168663
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Entity Common Stock Shares Outstanding		46,956,300
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Entity File Number	001-31261
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	98-0035508
Entity Address Address Line 1	224 Fifth Avenue
Entity Address Address Line 2	2nd Floor
Entity Address City Or Town	New York
Entity Address State Or Province	NY
Entity Address Postal Zip Code	10022
City Area Code	604
Local Phone Number	790-8799

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current Assets:
Cash	$ 281	$ 859
Due from affiliate	31,836	11,338
Total current assets	32,117	12,197
Operating lease right-of-use assets	0	11,019
Total Assets	32,117	23,216
Current Liabilities:
Accrued expenses - stockholders and officers	272,433	244,790
Accrued expenses - other	0	2,500
Operating lease liabilities - current	0	11,019
Loans from stockholders and officers	488,970	432,350
Deposit on stock purchase	61,030	61,030
Total current liabilities	822,433	751,689
Total Liabilities	822,433	751,689
Stockholders' Deficit:
Common Stock: authorized 100,000,000 shares of $.001 par value; 46,956,300 shares issued and outstanding	46,956	46,956
Additional paid in capital	1,552,891	1,552,891
Accumulated deficit	(2,390,163)	(2,328,320)
Total stockholders' deficit	(790,316)	(728,473)
Total Liabilities and Stockholders' Deficit	$ 32,117	$ 23,216

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS
Common stock shares authorized	100,000,000	100,000,000
Common stock shares par value	$ 0.001	$ 0.001
Common stock shares issued	46,956,300	46,956,300
Common stock shares outstanding	46,956,300	46,956,300

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of Goods Sold	0	0	0	0
Gross Profit	0	0	0	0
General and administrative expenses	15,137	11,990	46,283	46,271
Operating loss	(15,137)	(11,990)	(46,283)	(46,271)
Other Expense:
Interest Expense - stockholders and officers	(5,457)	(4,730)	(15,560)	(13,415)
Loss before incomes taxes	(20,594)	(16,720)	(61,843)	(59,686)
Income taxes	0	0	0	0
Net loss	$ (20,594)	$ (16,720)	$ (61,843)	$ (59,686)
Loss per share - Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding - Basic and Diluted	46,956,300	46,956,300	46,956,300	46,956,300

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Retained Earnings (Accumulated Deficit)
Balance, shares at Dec. 31, 2019		46,956,300
Balance, amount at Dec. 31, 2019	$ (648,295)	$ 46,956	$ 1,552,891	$ (2,248,142)
Net Loss	(59,686)	$ 0	0	(59,686)
Balance, shares at Sep. 30, 2020		46,956,300
Balance, amount at Sep. 30, 2020	(707,981)	$ 46,956	1,552,891	(2,307,828)
Balance, shares at Jun. 30, 2020		46,956,300
Balance, amount at Jun. 30, 2020	(691,261)	$ 46,956	1,552,891	(2,291,108)
Net Loss	(16,720)	$ 0	0	(16,720)
Balance, shares at Sep. 30, 2020		46,956,300
Balance, amount at Sep. 30, 2020	(707,981)	$ 46,956	1,552,891	(2,307,828)
Balance, shares at Dec. 31, 2020		46,956,300
Balance, amount at Dec. 31, 2020	(728,473)	$ 46,956	1,552,891	(2,328,320)
Net Loss	(61,843)	$ 0	0	(61,843)
Balance, shares at Sep. 30, 2021		46,956,300
Balance, amount at Sep. 30, 2021	(790,316)	$ 46,956	1,552,891	(2,390,163)
Balance, shares at Jun. 30, 2021		46,956,300
Balance, amount at Jun. 30, 2021	(769,722)	$ 46,956	1,552,891	(2,369,569)
Net Loss	(20,594)	$ 0	0	(20,594)
Balance, shares at Sep. 30, 2021		46,956,300
Balance, amount at Sep. 30, 2021	$ (790,316)	$ 46,956	$ 1,552,891	$ (2,390,163)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATIONS
Net loss	$ (61,843)	$ (59,686)
Changes in assets and liabilities:
Accrued expenses - stockholders and officers	27,643	26,200
Accrued expenses - other	(2,500)	0
Total Cash Used In Operating Activities	(36,700)	(33,486)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in amounts due from affiliate	(20,498)	(25,803)
Proceeds from loans from stockholders and officers	56,620	51,365
Total Cash Provided By Financing Activities	36,122	25,562
Net Change In Cash	(578)	(7,924)
Cash balance, beginning of period	859	8,215
Cash balance, end of period	281	291
Supplemental disclosures of cash flow information:
Cash paid for interest	0	0
Cash paid for taxes	$ 0	$ 0

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2021
BASIS OF PRESENTATION
1. BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position of the Company as of September 30, 2021, the results of operations for the three and nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. These results are not necessarily indicative of the results to be expected for the full year or any other period. The December 31, 2020 balance sheet included herein was derived from the audited financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the financial statements included herein should be reviewed in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the Securities and Exchange Commission (“SEC”) on March 30, 2021.

GOING CONCERN AND UNCERTAINTY

GOING CONCERN AND UNCERTAINTY	3 Months Ended
	Sep. 30, 2021
GOING CONCERN AND UNCERTAINTY
2. GOING CONCERN AND UNCERTAINTY	2. GOING CONCERN UNCERTAINTY 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 $790,316 and an accumulated deficit of $2,390,163 at September 30, 2021, 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 adjustments relating 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 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. 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 Organization. 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, operations 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES New Accounting Pronouncements During the nine months ended September 30, 2021, there have been no other material changes in the Company’s significant accounting policies to those previously disclosed in the Annual Report. No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s consolidated financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2021
RELATED PARTY TRANSACTIONS
4. RELATED PARTY TRANSACTIONS	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 advances bear interest at 4.45% and no repayment terms have been established. As a result, the amount is classified as a current liability. During the nine months ended September 30, 2021, the Company borrowed $56,620 from a stockholder. The balances due as of September 30, 2021 and December 31, 2020 were $488,970 and $432,350, respectively. Interest expense associated with these loans were $5,457 and $15,560 for the three and nine months ended September 30, 2021 as compared to $4,730 and $13,415 for the three and nine months ended September 30, 2020. Accrued interest balances on these loans were $127,028 and $111,468 at September 30, 2021 and December 31, 2020, respectively. The Company has an arrangement with Lina Maki, a stockholder of the Company, for her management consulting time. The agreement is not written and no payment terms have been established. The fee is $10,000 annually. As of September 30, 2021 and December 31, 2020 amounts due to the stockholder were $67,500 and $60,000, respectively. The Company leases its office space in Vancouver from a stockholder of the Company at a monthly rate of $2,500 under a lease agreement which expires October 1, 2021. At September 30, 2021 and December 31, 2020, amounts due to the stockholder were $74,506 and $71,422, including rent and other expenses, respectively. The Company shares the space with Amanasu Environmental Corporation, a reporting company under the Securities Exchange Act of 1934. Amanasu Environmental Corporation is responsible for 50% of the rent. The office in New York is rented at the rate of approximately $360 each year and is also shared with Amanasu Environmental Corporation. In addition, the Company maintains an office at Suite 905, 1-6-1 Senzoku Taito-Ku Tokyo Japan.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2021
INCOME TAXES
5. INCOME TAXES	5. INCOME TAXES In accordance with the current tax laws 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 three and nine months ended September 30, 2021 and 2020 as it has no taxable income in the U.S. 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 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 NOL’s for every period because it is more likely than not that all of the deferred tax asset will not be realized. The Company had NOL carryforwards of approximately $1.59 million at September 30, 2021. Approximately $1.28 million will expire in the years 2021 through 2037, and $0.31 million can be carried forward indefinitely.

OPERATING LEASE LIABILITY

OPERATING LEASE LIABILITY	3 Months Ended
	Sep. 30, 2021
OPERATING LEASE LIABILITY
6. OPERATING LEASE LIABILITY	6. 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 which expires October 1, 2021. The Company shares the space with AEC, a reporting company under the Securities Exchange Act of 1934. Our major stockholder and officer own approximately 81% of AEC’s outstanding shares of common stock. AEC 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 leases liabilities. Total rent expense under operating leases for the three and nine months ended September 30, 2021 was $3,750 and $11,250, as compared to $3,750 and $11,250 for the three and nine months ended September 30, 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES
7. COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES The Company is involved in various legal proceedings, claims and litigation arising in the ordinary course of business. The Company does not believe that the disposition of matters that are pending or asserted will have a material effect on its consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2021
SUBSEQUENT EVENTS
8. SUBSEQUENT EVENTS	8. SUBSEQUENT EVENTS The Company evaluated subsequent events, which are events or transactions that occurred after September 30, 2021 through the issuance of the accompanying financial statements and determined that no significant subsequent event need to be recognized or disclosed.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
New Accounting Pronouncements	During the nine months ended September 30, 2021, there have been no other material changes in the Company’s significant accounting policies to those previously disclosed in the Annual Report. No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s consolidated financial statements.

GOING CONCERN AND UNCERTAINTY (

GOING CONCERN AND UNCERTAINTY (Details Narrative) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
GOING CONCERN AND UNCERTAINTY
Working capital deficiency	$ 790,316
Accumulated deficit	$ (2,390,163)	$ (2,328,320)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Interest rate, all advances			4.45
Due to stockholders	$ 67,500		$ 67,500		$ 60,000
Vancouver [Member]
Due to stockholders	74,506		74,506		71,422
Operating lease, monthly rent	$ 2,500		$ 2,500
Expiry date of lease	October 1, 2021		October 1, 2021
New York [Member]
Operating lease, monthly rent			$ 360
Stockholder 1
Due to stockholders	$ 56,620		56,620
Stockholders And Officers
Due to stockholders	488,970		488,970		432,350
Interest expense	5,457	$ 4,730	15,560	$ 13,415
Accrued interest	$ 127,028		127,028		$ 111,468
Annual fees			$ 10,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)
INCOME TAXES
NOL Carryforward description	Approximately $1.28 million will expire in the years 2021 through 2037, and $0.31 million can be carried forward indefinitely.
Net operating loss carry forward	$ 1,590

OPERATING LEASE LIABILITY (Deta

OPERATING LEASE LIABILITY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Rent expense	$ 3,750	$ 3,750	$ 11,250	$ 11,250
Vancouver [Member]
Ownership description of major shareholder	Our major stockholder and officer own approximately 81% of AEC’s outstanding shares of common stock. AEC is responsible for 50% of the rent or $1,250 each month.
Operating lease, monthly rent	$ 2,500		$ 2,500
Expiry date of lease	October 1, 2021		October 1, 2021
Incremental borrowing rate	5