U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-QSB
[x] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934 for the period ended March 31, 2004
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE Act of 1934 for the transition period from ___ to ___.
Commission file number: 0-49719
AMANASU ENVIRONMENT CORPORATION
(Name of Small Business Issuer in its charter)
Nevada 98-0347883
(State or other jurisdiction of (IRS Employer
incorporation) Identification No.)
701 Fifth Avenue, 42nd Floor, Seattle, WA 98109
(Address of principal executive offices)
206-262-8188
(Issuer's telephone number)
Securities registered under Section 12 (b) of the Act:
Title of each class Name of exchange on
Which to be registered each class is to be
registered
None None
Securities registered under Section 12(g) of the Act:
Common Stock
(Title of Class)
Check whether issuer (1) filed all reports to be filed by Section 13
or 15(d) of the Exchange Act during the past 12 months (or such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days. (1) Yes : No: X (2) Yes: X No:
The number of shares issued and outstanding of issuer's common stock,
$.001 par value, as of May 13, 2004 was 43,000,816
Transitional Small Business Issuer Format (Check One):
Yes No X
1
AMANASU ENVIRONMENT CORPORATION
QUARTERLY REPORT ON FORM 10QSB
FOR THE THREE MONTHS ENDED MARCH 31, 2004
TABLE OF CONTENTS
PART1-FINANCIALINFORMATION
--------------------------
Item 1: Financial Statements Page #
Balance Sheets as of March 31, 2004 (unaudited)
and December 31, 2003 (audited) 4
Statement of Operations for the three months
ended March 31, 2004 and 2003 (unaudited) 5
Statement of Cash Flows for the three months
ended March 31, 2004 and 2003 (unaudited) 6
Notes to Financial Statements (unaudited) 7
Item 2: Management Discussion & Analysis of Financial
Condition and Results of Operations 8
Item 3: Controls and Procedures 14
PART 2-OTHER INFORMATION
------------------------
Item 1: Legal Proceedings 15
Item 2: Changes in Securities 15
Item 3: Defaults upon Senior Securities 15
Item 4: Submission of Matters to Vote of
Security holders 15
Item 5: Other Information 15
Item 6: Exhibits and Reports on Form 8-K 15
Signatures 15
2
ITEM 1. FINANCIAL STATEMENTS
GENERAL
The Company's unaudited financial statements for the three months ended March
31, 2004 are included with this Form 10-QSB. The unaudited financial statements
have been prepared in accordance with the instructions to Form 10-QSB and,
therefore, do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, and cash flows in
conformity with generally accepted accounting principles. In the opinion of
management, all adjustments considered necessary for a fair presentation of the
results of operations and financial position have been included and all such
adjustments are of a normal recurring nature. Operating results for the three
months ended March 31, 2004 are not necessarily indicative of the results that
can be expected for the fiscal year ending December 31, 2004.
3
AMANASU ENVIRONMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
(UNAUDITED)
March 31, December 31,
2004 2003
------------ --------------
(Unaudited) (Audited)
ASSETS
- ------
Current Assets:
Cash $ 77,040 $ 92,055
Miscellaneous receivables 1,585 1,585
------------ --------------
Total current assets 78,625 93,640
Fixed Assets:
Automotive equipment 25,859 25,859
Less accumulated depreciation 11,354 10,910
------------ --------------
Net fixed assets 14,505 14,949
Other Assets:
Rent deposit 5,000 5,000
Licensing agreement, net of accumulated
amortization of $29,183 and $24,088 317,317 322,412
------------ --------------
Total other assets 322,317 327,412
------------ --------------
Total Assets $ 415,447 $ 436,001
============ ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
- ------------------------------------
Current Liabilities:
Accrued expenses $ 1,948 $ -
Stockholder advance 100 100
------------ --------------
Total current liabilities 2,048 100
Stockholders' Equity:
Common stock: authorized 100,000,000 shares of
$.001 par value; issued and outstanding
41,950,816 28,821 28,821
Additional paid-in capital 872,119 872,119
Deficit accumulated during the development stage (487,541) (465,039)
------------ --------------
Total Stockholders' equity 413,399 435,901
------------ --------------
Total Liabilities and Stockholders' Equity $ 415,447 $ 436,001
============ ==============
These statements should be read in conjunction with the year-end financial
statements.
4
AMANASU ENVIRONMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS AND DEFICIT
ACCUMULATED DURING DEVELOPMENT STAGE
(UNAUDITED)
February 22, 1999
Three Month Periods Ended March 31, (Date of Inception)
2004 2003 To March 31, 2004
--------------------------------------- ----------------
Expenses $ 22,580 $ 25,365 $ 490,929
Operating loss (22,580) (25,365) (490,929)
Other Income - interest 78 126 3,388
Loss accumulated
during development stage $ (22,502) $ (25,239) $(487,541)
===================================== ================
Loss Per Share -
Basic and Diluted $ - $ -
Weighted average
number of shares
outstanding 43,020,816 41,950,816
These statements should be read in conjunction with the year-end financial
statements.
5
AMANASU ENVIRONMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
(UNAUDITED)
February 22, 1999
Three Month Periods (Date of Inception)
Ended March 31 To March 31 2004
2004 2003
--------------------- ---------------------
CASH FLOWS FROM OPERATIONS:
Net Loss $ (22,502) $ (25,239) $ (487,541)
Changes Not Requiring the Outlay of Cash:
Depreciation and amortization 5,539 5,369 40,537
Services provided for common stock - - 70,000
Changes in Assets and Liabilities:
Increase in accrued expenses 1,948 - 1,948
Increase in miscellaneous receivables - - (1,585)
--------------------- ---------------------
NET CASH CONSUMED BY
OPERATING ACTIVITIES (15,015) (19,870) (376,641)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of licensing agreement - - (155,000)
Purchase of automobile - - (25,859)
Rent deposit for warehouse lease - - (5,000)
--------------------- ---------------------
NET CASH CONSUMED BY
INVESTING ACTIVITIES - - (185,859)
--------------------- ---------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Sales of common stock - - 639,440
Advances received in anticipation of
common stock sales - - 100
--------------------- ---------------------
NET CASH PROVIDED BY
FINANCING ACTIVITIES - - 639,540
--------------------- ---------------------
Net change in cash (15,015) (19,870) 77,040
Cash balance, beginning of period 92,055 78,432 -
Cash balance, end of period $ 77,040 $ 58,562 $ 77,040
===================== =====================
hese statements should be read in conjunction with the year-end financial
statements.
6
AMANASU ENVIRONMENT CORPORATION
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2004
(UNAUDITED)
1. BASIS OF PRESENTATION
The unaudited interim financial statements of Amanasu Environment Corporation
("the Company") as of March 31, 2004 and for the three month periods ended March
31, 2004 and 2003, have been prepared in accordance with accounting principles
generally accepted in the United State of America. In the opinion of
management, such information contains all adjustments, consisting only of normal
recurring adjustments, necessary for a fair presentation of the results for such
periods. The results of operations for the quarter ended March 31, 2004 are not
necessarily indicative of the results to be expected for the full fiscal year
ending December 31, 2004.
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 for the year ended
December 31, 2003.
7
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Cautionary Statement
This report on Form 10-QSB contains certain forward-looking statements within
the meaning of section 21e of the Securities Exchange Act of 1934, as amended,
and other applicable securities laws. All statements other than statements of
historical fact are "forward-looking statements" for the purposes of these
provisions, including any projections of earnings, revenues, or other financial
items; any statements of the plans, strategies, and objectives of management for
future operation; any statements concerning proposed new products, services, or
developments; any statements regarding future economic conditions or
performance; statements of belief; and any statement of assumptions underlying
any of the foregoing. Such forward-looking statements are subject to inherent
risks and uncertainties, and actual results could differ materially from those
anticipated by the forward-looking statements.
See the Company's Annual Report on Form 10-KSB for the period ending December
31, 2003 ("Form 10-KSB") filed on March 20, 2004 for additional statements
concerning operations and future capital requirements. Certain risks exist with
respect to the Company and its business, which risks include the need for
additional capital, and lack of commercial product, among other risks. Readers
are urged to refer to the section entitled "Risk Factors" in the Company's Form
10-KSB for a broader discussion of such risks and uncertainties. In addition to
the risks described therein, the Company has incurred a significant loss with
respect to a transaction which the Company entered into during the second
quarter of 2003 ("Company Overview - Capital Stock of Kyoei Reiki Industrial
Corporation Ltd.").
The following discussion should be read in conjunction with the Company's
Financial Statements, including the Notes thereto, appearing elsewhere in this
Quarterly Report and in the Annual Report for the year ended December 31, 2003.
8
COMPANY OVERVIEW
Amanasu Environment Corporation, formerly known as Amanasu Energy Corporation
(the "Company"), is a development stage company. It has acquired the exclusive,
worldwide licensee rights to a high temperature furnace, a hot water boiler, and
ring-tube desalination methodology. 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 and testing the technologies for
commercial sale. For each such technology, the Company has acquired proto-type
or demonstrational units from the respective licensor of the technology. The
Company also has conducted various testing on these units to determine the
commercial viability of the underlying technology. As a result of such testing,
the Company believes that its technologies are commercially viable and are ready
for commercial sale. It is the present intention of the Company not to engage in
the actual production and sale of its products. Rather, it is seeking joint
venture or other affiliations with companies competitive in each respective
product market whereby the Company can capitalize on the existing infrastructure
of such other companies, such as warranty and post-warranty service and repair.
The Company can not predict whether it will be successful in establishing
affiliations with any such company, or whether it will be able to successfully
produce and market its products.
PRODUCTS
Amanasu Furnace
- ---------------
The Amanasu furnace is a waste disposal system that safely and efficiently
disposes of toxic and hazardous wastes. The system has three general features;
the proprietary combustion burner, the furnace compartment, and the gas
processing compartment.
The proprietary aspect of the Amanasu furnace is the unique combustion system
that generates abnormally high temperatures in excess of 2,000 degrees Celsius
within the furnace compartment. A proprietary formula of low cost metals, such
as powered aluminum and iron, is combined with an air pressurized, hydrocarbon
flame creating a superheated hydrogen combustion flame. A spray nozzle or burner
injects the flame into the furnace compartment where the flame is irradiated
with microwaves to create an ionized flame reaching a heat conversion
temperature of 18,000 C but an actual measured temperature of 1,800-2,300 C
inside the furnace compartment. By contrast, an ordinary burner, neutral flame
reaches temperatures between 800 to 1,600 C. In order to raise the temperature
to the 1,800 to 2,300 degrees C range, large amounts of additional energy is
required, typically, electricity. The cost of this energy source is expensive
and generally would be cost prohibitive to the operation of a furnace. The
Company's proprietary system reaches these temperatures using approximately 20
gallons of kerosene or light oil per hour for each one ton of daily capacity.
For example, a five ton daily capacity unit requires five times as much
hydrocarbon use or 100 gallons, per hour. The furnace reaches maximum
temperatures within four to five hours after flame ignition. The resultant
effect is a low cost methodology of generating extremely high temperatures
within a confined furnace compartment.
9
The inner walls of furnace and the combustion burner itself are protected from
the extreme heat by magnetrons and tokomak. Magnetrons are circular magnets that
deflect the gaseous ions from the furnace walls to the center of the furnace.
Tokomak is an insulating material that further protects the furnaces walls from
the extreme heat. Waste matter enters a feed dump where a conveyor or overhead
grapple continuously feeds the waste to the furnace compartment. Once inside the
high temperature furnace compartment, the chemical compounds of waste matter are
instantly ionize or disintegrated into gaseous matter and a magna-like liquid.
The magna-like liquid is water cooled to form a dense, inert carbon matter. The
combustion gases resulting from the ionization first receive a light irradiation
process to prevent recombination. A primary high speed water dousing process
follows whereby the gas is cooled to 1,300 C. A series of two to four reaction
tanks, similar to water shower units, further cool the gases, and sulfuric acid
and nitric acid are removed through processing. Finally, the cooled gas, in the
form of oxygen, is filtered and vented from the system as warm air at below 60
degrees C. The process is unlike conventional waste incinerators, as it produces
no toxins, smoke, ash, or soot. The vented oxygen has dioxin levels below 0.01
nanogram and dibenzoflan levels below 0.001 nanogram. The inert carbon matter
produced in the form of pellets is no more than 2% of the original mass, and can
be used for roadway surfaces or disposed of in landfills.
The outer housing of the Amanasu furnace is constructed of fabricated steel.
Ancillary equipment, other than as described above, includes feed hoppers, pipe
conveyors, fuel polarization equipment, air polarization equipment, turbo fans,
and an air compression system for the burner. The Company believes the furnace
will have an estimated useful life of approximately 15 years. This estimate is
based upon the results of the unit that operated in Hokkaido, Japan.
The Company believes that the prior pricing structure for its furnaces was not
competitive, and it is currently seeking ways to lower its manufacturing costs.
In an effort to lower manufacturing costs, the Company is attempting to locate
alternate suppliers that are less costly than currently identified suppliers. It
also will attempt to re-design certain components of the furnace so as to reduce
the manufacturing cost per component. The Company anticipates that it will sell
furnaces with daily disposal capacities of 50 tons, however, it may seek to
increase daily capacities based upon product demand. At this time, the Company
does not have projected prices for a re-designed unit, although the Company is
seeking to achieve, through its re-design efforts, a retail price of $200,000
for each ton of capacity. Thus, a furnace with a two ton capacity would be
expected to retail for approximately $400,000. The Company can not predict
whether it will be successful in it redesign efforts and achieve its desired
pricing.
10
Fire Bird Boiler.
- ----------------
The Fire Bird Boiler technology is a patented process which incinerates whole
waste tires in a non polluting manner emitting heat or steam in the incineration
process. The technology provides for combustion efficiency and seeks to minimize
dioxin generation which is generally a by-product of imperfect combustion.
The boiler is comprised of a "combustion room" for combusting, a "water jacket"
for protecting and cooling metals in the combustion room, and an "air layer" for
insulating the heat radiation. The combustion chamber is circular, with a power
forced ventilation device which accelerates a more efficient combustion, and hot
steam in introduced at the burn point which increases the oxygen capacity
creating the high burning temperatures in the combustion chamber. During the
incineration process, temperature can reach as high as 1,000 degrees C. In other
boiler or incineration technologies, reaching temperatures of 1,000 degrees C or
more generally takes 4 hours to prevent any internal damage caused by a rapid
rise in temperature. However, due to the heat protection attributes of the water
jacket, the boiler can reach 1,000 degrees C in approximately two minutes
without causing damage to any of the internal components of the boiler. The high
temperatures enable the waste tire to be incinerated with minimal waste, odor,
and gas dioxins. Prior technologies have required that waste tire be pulverized
prior to incineration. This process is designed to accept whole waste tire s
though a conveyor and sensor which manages the condition of the combustion
operation calculating the number of tires delivered the timing of the dumping
along with the condition of water supply temperature, quantities of hot water,
and heater temperature. The unit has a combustion capacity of 100 kilograms per
hour, and can generate 932,000 kcal per hour. The Company believes that the
operating costs of the boiler are minimal due to the fact that the fuel source
is the waste tires.
The weight of the 5 ton/day capacity boiler, which is similar to the inventor's
operating unit, is 1,939 kg, and measures 3,850 mm in length and 1,650 mm in
width. The Company will attempt to re-design the boiler to accept waste products
such as non-toxic bulk waste, in addition to waste tires. The Company believes
that this redesign, if successful, will increase demand of the product due to
its increased use versatility. At this time, the Company does not have projected
prices for a re-designed unit, although the Company will seek to achieve,
through its re-design efforts, a retail price of $100,000 for each ton of
capacity. The Company can not predict whether it will be successful in it
redesign efforts and achieve its desired pricing.
11
Ring-tube Desalinization Equipment
- ----------------------------------
Large scale desalination is conducted mainly by distillation or reverse osmosis
methodologies. In the past, distillation has been used for large scale
desalination, while reverse osmosis had been used for medium size and small
desalination. However, recent developments in reverse osmosis have increased
output and are now used for large scale desalination. In both methods, the
technologies condense the seawater to make fresh water. However, in their
processes, calcium carbonate and magnesium hydroxide is created in the form of
scales which adheres to the equipment and pipes. The amount of scales increase
with temperature. The condition is more common with distillation process than a
reverse osmosis (RO) process. Scale inhibitors or other cleaning methods are
introduced to the process to control or lessen the amount of scales on the
equipment and pipes, however oftentimes, they are not completely effective, and
are generally costly to use. R O is performed in a single step or two step
methods. The single step method requires more pressure to separate the fresh
water from the impurities, while the two step method use less pressure but more
energy to separate the fresh water. As a result of these pressures, special
sealing technologies and materials for piping and pumps are required to
withstand these pressures, which are generally expensive.
The Ring-Tube technology is used as a filter to purify seawater into drinking
water and also treats sewage and wastewater, by removing pollutants and
bacteria. The technology is different than both methodologies (distillation and
RO) described above. The equipment filters bacteria and other impurities through
its fine rings and comb type filter and reduces the presence of inhibiting
scales on the equipment. The impurities are then destroyed by the high pressure
and temperature in the ring-tube. The Company believes that its technology is
more cost efficient to construct and operate than conventional RO equipment. Its
fresh water recovery rate is 95% compared with less than 40% for a RO method.
Moreover, water produced from the Company's technology retains a certain amount
of salt and minerals and does not required a pH adjustment. RO filtration
removes all minerals and salt, requiring minerals to be added to improve flavor,
and an adjustment to reduce pH levels. The reject brine resulting from RO
filtration is discharged in the ocean creating higher salt concentrations in
such areas, however, the by-product from the Company's technology is
sufficiently condensed allowing it to be sold as a salt product.
PLAN OF OPERATIONS.
The Company was organized February 22, 1999 and is a development stage company.
Its operations to date have been limited to obtaining exclusive licensing rights
for three technologies, conducting preliminary marketing efforts, and conducting
product testing.
The Company's plan of operations for the next 12 months is to initiate, and if
successful, complete the product refinement of the three of the acquired
technologies. Product refinement includes product redesign, improvements, or
enhancements, and testing of existing technologies. The product refinement costs
of the three technologies are estimated to be $1,500,000. The Company will be
required to raise funds in order fund the projected refinement costs. However,
the Company may seek affiliations with engineering firms or other companies
within each industry in order minimize such expenditures. The Company is
presently in discussions with an engineering design firm and a furnace company
both located in Japan. The parties are discussing potential arrangement s where
the Company would acquire an equity interest in both companies. The terms of
such arrangements have not been finalized at this time. If successful, the
Company would seek to capitalize on the engineering expertise of companies, and
sales, marketing, and warranty repair of the furnace company. The Company can
not predict whether it will be successful in raising the necessary capital or
whether it will be successful in its current negotiations or other negotiations
with prospective companies. Until such time as it completes the product
refinements of its technologies as discussed herein, the Company does not expect
to generate any revenues from operations.
12
Other than the product refinement costs discussed above, the Company estimates
that its operating overhead, which includes general and administrative charges,
will be approximately $150,000 for the next 12 months. This amount is comprised
of the following estimated costs; $65,000 in annual salaries for office
personnel and consultants, $50,000 for rent, $20,000 for professional fees and
$12,000 for miscellaneous expenses. The Company does not anticipate paying
salaries to any of its officers for the next 12 months. The Company has no
material commitments for capital at this time other than as described above.
RESULTS OF OPERATIONS
The Company did not generate any revenues for the quarter ended March 31, 2004
or for the same period in 2003 except for interest earned in bank deposits in
the amount of $ 78 and $ 126 respectively.
Total expenses for the three month period ending March 31, 2004 was $ 22,580
compared to $ 25,365 for the same period of 2003. The decrease was due to
reduction in professional fees.
In the event that the Company does not generate revenue in the next 12 months,
the Company plans to obtain additional private placements and loans from the
Company's President, Atsushi Maki. The Company does anticipate business
opportunities, however those opportunities remain uncertain to date.
13
LIQUIDITY AND CAPITAL RESOURCES
In the three months ended March 31, 2004 cash used in operating activities was $
15,015 compared to $ 19,870 for the same period in 2003. This decrease was due
to reduced expenses.
In the three months ended March 31, 2004, there were no cash used in investing
or financing activities. There were also no cash used for investing activities
or financing activities for the same period of 2003.
The Company will require a minimum of $150,000 to satisfy its cash requirements
for the next twelve months. If the Company is not successful in raising the
necessary funds, it may not be able to complete its plan of operations.
In May 2001, the Company received $200,000 resulting from the exercise of
20,000,000 stock purchase options by the Company's principal shareholder. During
2003, in connection with the acquisition of the Fire Bird boiler, the Company's
President made a contribution of capital to the Company in the amount of
$95,000. In addition during the 2003 period, the Company raised $100,000 from
the sale of 20,000 shares of its common stock to one investor. The Company
intends to raise additional funds in the approximate amount of $2,000,000 to
$3,000,000 in near future through the private placement of its common stock. The
proceeds from such private placement will be used to fund the refinement of the
three technologies as described above, and to funds it annual overhead. The
Company cannot predict whether it will be successful in raising any capital,
which capital is essential to its plan of operations.
CRITICAL ACCOUNTING POLICIES
The following discussion and analysis of the Company's financial condition and
results of operations are based upon the financial statements, which have been
prepared in accordance with accounting principles generally accepted in the
United States. The preparation of these financial statements requires the
Company to make estimates and judgments that affect the reported amounts of
assets, liabilities, revenues and expenses, and related disclosure of contingent
assets and liabilities. On an on-going basis, the Company evaluates these
estimates. The Company bases its estimates on historical experience and on
various other assumptions that are believed to be reasonable under the
circumstances, the results of which form the basis for making judgments about
the carrying values of assets and liabilities that are not readily apparent from
other sources. Actual results may differ from these estimates under different
assumptions or conditions.
Item 3. Effectiveness of the registrant's disclosure controls and
procedures
The Company carried out an evaluation of the effectiveness of the Company's
disclosure controls and procedures (as defined by Rule 13a-14(c) under the
Securities Exchange Act of 1934) under the supervision and with the
participation of the Company's chief executive officer and chief financial
officer. Based on and as of the date of such evaluation, the aforementioned
officers have concluded that the Company's disclosure controls and procedures
have functioned effectively so as to provide those officers the information
necessary whether: (i) this quarterly report on Form 10 QSB contains any untrue
statement of a material fact or omits to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this quarterly
report on Form 10 QSB, and(ii) the financial statements, and other financial
information included in this quarterly report on Form 10 QSB, fairly present in
all material respects the financial condition, results of operations and cash
flows of the Company as of, and for, the periods presented in this quarterly
report on Form 10 QSB. There have been no significant changes in the Company's
internal controls or in other factors since the date of the Chief Executive
Officer's and Principal Financial Officer's evaluation that could significantly
affect these internal controls, including any corrective actions with regards to
significant deficiencies and material weaknesses.
14
Part II OTHER INFORMATION
Item 1. Legal Proceedings.
None
Item 2. Changes in Securities.
None
Item 3. Defaults upon Senior Securities.
None
Item 4. Submission of Matters to a Vote of Securityholders.
None
Item 5. Other Information.
None
Item 6. Exhibits.
(a). Furnish the Exhibits required by Item 601 of Regulation S-B.
Exhibit 31 - Certification Pursuant To Section 302 Of The
Sarbanes-Oxley Act Of 2002.
Exhibit 32 - Certification Pursuant To Section 906 Of The
Sarbanes-Oxley Act Of 2002.
(b) Reports on Form 8-K.
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMANASU ENVIRONMENT CORPORATION
Date: May 17, 2004
/s/ Atsushi Maki
Atsushi Maki
President and Principle Accounting Officer
15