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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549


FORM 10-Q


[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the period ended June 30, 2011


[     ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from ______________ to ________________


Commission File Number: 001-31261


AMANASU TECHNO HOLDINGS CORPRATION

(Exact name of registrant as specified in its charter)


Nevada

 

98-0351508

(State of other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)


445 Park Avenue Center 10th Floor New York, NY 10022

(Address of principal executive offices)


212-836-4727

(Registrant's telephone number, including area code)


Securities registered pursuant to Section 12(b) of the Act:

       Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for 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.


Yes

X

 

No

 


       Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer

 

 

Accelerated filer

 

Non-accelerated filer

 

(Do not check if a smaller reporting company)

Smaller reporting company

X


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).


Yes

 

 

No

X

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:


Indicate by check mark whether the registrant has filed all documents and reports required to be filed by sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes

 

 

No

 

APPLICABLE ONLY TO CORPORATE ISSUERS:


Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the latest practical date: 46,706,300 as of  June 30, 2011.



AMANASU TECHNO HOLDINGS CORPORATION
QUARTERLY REPORT ON FORM 10-Q
FOR THE PERIOD ENDED JUNE 30, 2011
TABLE OF CONTENTS



Reference

Section Number

Page

PART I

 

 

      Item 1.

Financial Statements

1

      Item 2.

Management’s Discussion and Analysis of Financial Conditions and Results of Operations


7

      Item 3.

Quantitative and Qualitative Disclosures About Market Risk


11

      Item 4.

Controls and Procedures

11

      Item 4T.

Controls and Procedures

11

PART II

 

 

      Item 1.

Legal Proceedings

12

      Item 1A.

Risk Factors

12

      Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds


12

      Item 3.

Default Upon Senior Securities

12

      Item 4.

Submission Of Matters To A Vote Of Security Holders

12

      Item 5.

Other Information

12

      Item 6.

Exhibits

12

      Signatures

Signatures

13





PART I

ITEM 1. FINANCIAL STATEMENTS

The Company's unaudited consolidated financial statements for the six month and three month periods ended June 30, 2011 and 2010 are included with this Form 10-Q. The unaudited financial statements have been prepared in accordance with the instructions to Form 10-Q 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 six month period ended June 30, 2011 are not necessarily indicative of the results that can be expected for the fiscal year ending December 31, 2011.










































1



AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED BALANCE SHEETS


 

 

June 30, 2011 (Unaudited)

 

 

December 31, 2010 (Audited)

ASSETS

 

 

 

 

 

Current Assets

 

 

 

 

 

     Cash

$

159

 

$

216

     Prepaid expense

 

                -

 

 

243

              Total current assets

 

159

 

 

459

Other Assets

 

 

 

 

 

     Security deposit

 

233

 

 

232

              Total other assets

 

233

 

 

232

Total Assets

$

392

 

$

691

  

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

Current Liabilities

 

 

 

 

 

     Short term notes payable

$

246,944

 

$

245,238

     Accrued expenses

 

173,142

 

 

171,021

     Rent payable

 

3,750

 

 

3,750

     Taxes payable 

 

4,445

 

 

4,414

     Advances from shareholders

 

159,740

 

 

157,605

     Other advance

 

99,900

 

 

99,900

     Deposits

 

3,083

 

 

3,062

              Total current liabilities

 

691,004

 

 

684,990

Stockholders' Deficit

 

 

 

 

 

     Common stock: authorized 100,000,000 shares of $0.001     

 

 

 

 

 

         par value; 46,706,300 shares issued and outstanding

 

46,706

 

 

46,706

     Additional paid in capital

 

844,687

 

 

844,687

     Additional paid in capital - options

 

10,000

 

 

10,000

     Deficit accumulated during development stage

 

(1,118,192)

 

 

(1,177,687)

     Accumulated other comprehensive loss

 

(48,341)

 

 

(45,621)

     Deficit attributable to Amanasu Techno Holdings  

 

 

 

 

 

         Corporation

 

(419,610)

 

 

(356,618)

     Noncontrolling interest

 

(5,862)

 

 

(5,766)

               Total deficit

 

(690,612)

 

 

(684,299)

  

 

 

 

 

 

Total Liabilities and Stockholders’ Deficit

$

392

 

$

691

These statements should be read in conjunction with the year-end financial statements.

2



AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
ACCUMULATED DURING DEVELOPMENT STAGE
(Unaudited)


 

 

 

 

 

 

 

Six Month Periods Ended June 30,

 

December 1, 1997 (Date of Inception) to June 30,

 

 

 

2011

 

 

2010

 

 

2010

Revenue

 

$

 

 

$

 

 

$

124,461

Cost of goods sold

 

 

             -

 

 

             -

 

 

23,980

Gross profit

 

 

-

 

 

            -

 

 

100,481

Expenses

 

 

(3,594)

 

 

(61,982)

 

 

(1,275,937)

Write off of inventory

 

 

-

 

 

-

 

 

(68,288)

Impairment Charge - write down of

 

 

 

 

 

 

 

 

 

    licensing agreement

 

 

            -

 

 

             -

 

 

(235,888)

Operating Loss

 

 

(3,594)

 

 

(61,982)

 

 

(1,479,632)

Other Income (Expense):

 

 

 

 

 

 

 

 

 

    Interest income

 

 

-

 

 

2

 

 

6

    Other income

 

 

-

 

 

-

 

 

3,550

    Interest expense

 

 

 

 

(639)

 

 

(8,458)

Loss accumulated during   

 

 

 

 

 

 

 

 

 

    developing stage

 

 

(3,594)

 

 

(62,619)

 

 

(1,484,534)

Less, accumulated loss attributable

 

 

 

 

 

 

 

 

 

    to noncontrolling interest

 

 

96

 

 

862

 

 

4,367

Loss accumulated during     

 

 

 

 

 

 

 

 

 

    development stage attributable

 

 

 

 

 

 

 

 

 

    to Amanasu Techno

 

 

 

 

 

 

 

 

 

    Holdings Corporation

 

 

(3,498)

 

 

(61,757)

 

 

(1,480,167)

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss  - foreign

   currency translation adjustments

 

 

(2,720)

 

 

(5,354)

 

 

(48,341)

Total comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive loss

 

$

(6,218)

 

$

(67,111)

 

$

(1,528,508)

 

 

 

 

 

 

 

 

 

 

Loss per share - basic and diluted   $

 

 

-

 

$

-

 

 

 

Weighted average number of   

 

 

 

 

 

 

 

 

 

    shares outstanding

 

 

 

46,706,300

 

46,706,300

 

 

 

These statements should be read in conjunction with the year-end financial statements.



3



AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
ACCUMULATED DURING DEVELOPMENT STAGE
(Unaudited)



 

 

 

 

 

 

 

Three Month Periods Ended June 30,

 

December 1, 1997 (Date of Inception) to June 30,

 

 

 

2011

 

 

2010

 

 

2010

Revenue

 

$

 

 

$

 

 

$

124,461

Cost of goods sold

 

 

             -

 

 

             -

 

 

23,980

Gross profit

 

 

-

 

 

            -

 

 

100,481

Expenses

 

 

(911)

 

 

(29,853)

 

 

(1,275,937)

Write off of inventory

 

 

-

 

 

-

 

 

(68,288)

Impairment Charge - write down of

 

 

 

 

 

 

 

 

 

    licensing agreement

 

 

            -

 

 

             -

 

 

(235,888)

Operating Loss

 

 

(911)

 

 

(29,853)

 

 

(1,479,632)

Other Income (Expense):

 

 

 

 

 

 

 

 

 

    Interest income

 

 

-

 

 

-

 

 

6

    Other income

 

 

-

 

 

-

 

 

3,550

    Interest expense

 

 

 

 

(320)

 

 

(8,458)

Loss accumulated during   

 

 

 

 

 

 

 

 

 

    developing stage

 

 

(911)

 

 

(30,173)

 

 

(1,484,534)

Less, accumulated loss attributable

 

 

 

 

 

 

 

 

 

    to noncontrolling interest

 

 

52

 

 

444

 

 

4,367

Loss accumulated during     

 

 

 

 

 

 

 

 

 

    development stage attributable

 

 

 

 

 

 

 

 

 

    to Amanasu Techno

 

 

 

 

 

 

 

 

 

    Holdings Corporation

 

 

(859)

 

 

(29,729)

 

 

(1,480,167)

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss – foreign

    currency translation adjustments

 

 

(8,854)

 

 

(4,985)

 

 

(48,341)

Total comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total comprehensive loss

 

$

(9,713)

 

$

(34,714)

 

$

(1,528,508)

 

 

 

 

 

 

 

 

 

 

Loss per share - basic and diluted   $

 

 

-

 

$

-

 

 

 

Weighted average number of   

 

 

 

 

 

 

 

 

 

    shares outstanding

 

 

 

46,706,300

 

46,706,300

 

 

 

These statements should be read in conjunction with the year-end financial statements.



4



AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

 

 

 

 

 

 

Six Month Periods Ended June 30,

 

 December 1, 1997 (Date of Inception)

 

 

2011

 

 

2010

 

To June 30,2011

 

CASH FLOWS FROM OPERATIONS

 

 

 

 

 

 

 

 

Net Loss

$

(3,498)

 

$

(61,757)

 

$

(1,291,198)

Adjustments to reconcile net loss to net cash consumed by operating activities:

 

 

 

 

 

 

 

 

Charges and credits not involving the use of cash:

 

 

 

 

 

 

 

 

   Depreciation and amortization

 

-

 

 

16,400

 

 

78,378

   Impairment of licensing agreement

 

-

 

 

-

 

 

103,528

   Common stock issued for services

 

-

 

 

-

 

 

21,300

   Noncontrolling interest share of losses  

 

(96)

 

 

(862)

 

 

(2,669)

Changes in assets and liabilities:

 

 

 

 

 

 

 

 

   Decrease in prepaid expense

 

243

 

 

-

 

 

(17,093)

   Increases in accrued expenses

 

2,141

 

 

39,371

 

 

96,142

   Increase in rent payable

 

-

 

 

-

 

 

3,750

   Decrease in other accounts payable

 

-

 

 

-

 

 

(8,945)

   Decrease in other current liabilities

 

-

 

 

-

 

 

-

   Increase in taxes payable

 

-

 

 

-

 

 

1,512

   Increase in deposits

 

 -

 

 

 -

 

 

           2,667

Net Cash Consumed By Operating Activities  

 

 (1,210)

 

 

(6,848)

 

 

(1,012,628)

     

 

 

 

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

Purchase of automobile

 

-

 

 

-

 

 

(1,500)

Payments of amounts due for licensing

 

 

 

 

 

 

 

 

    agreement

 

-

 

 

-

 

 

(320,228)

Other investments

 

            -

 

 

(207)

 

 

(207)

Net Cash Consumed By Investing Activities

 

 -

 

 

 (207)

 

 

 (321,935)

 

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 Proceeds of short term loan

 

-

 

 

2,515

 

 

234,894

 Repayment of short term loan

 

-

 

 

-

 

 

(23,500)

 Proceeds of sale of noncontrolling interest

 

-

 

 

-

 

 

101,478

Advance received

 

-

 

 

-

 

 

99,900

Issuances of common stock to investors

 

-

 

 

-

 

 

701,708

Shareholder deposits for common stock

 

-

 

 

-

 

 

70,000

Shareholder advances

 

-

 

 

3,650

 

 

231,282

Repayment of shareholder advances

 

-

 

 

-

 

 

(80,000)

Advances from affiliate

 

-

 

 

-

 

 

200,000

Repayment of advances from affiliate

 

          -

 

 

         -

 

 

(200,000)

Net Cash Provided By Financing Activities

 

          -

 

 

6,165

 

 

1,335,762

Effect on cash of exchange rate changes

 

1,153

 

 

643

 

 

(975)

Net Change In Cash

 

(57)

 

 

(247)

 

 

224

Cash balance, beginning of period

 

216

 

 

471

 

 

               -

Cash balance, end of period

$

159

 

$

224

 

$

224

 

 

 

 

These statements should be read in conjunction with the year-end financial statements.

5

 

 

 

 




AMANASU TECHNO HOLDINGS CORPORATION
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
June 30, 2011
(Unaudited)

1. BASIS OF PRESENTATION

The unaudited interim consolidated financial statements of Amanasu Techno Holdings Corporation ("the Company") as of June 30, 2011 and 2010 and for the three and six month periods ended June 30, 2011 and 2010, have been prepared in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of such periods. The results of operations for the six month period ended June 30, 2011 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2011.

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, 2010.

2. GOING CONCERN UNCERTAINTY

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company had a material working capital deficiency and an accumulated deficit at June 30, 2011, and a record of continuing losses. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

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.

3. SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

There was no cash paid for interest or income taxes during either of the periods presented.  There were no non-cash investing or financing activities during these periods.

4.  EXPENSESMajor items included in expenses are presented below.

 

Six Month Period

Three Month Period

 

2011

2010

2011

2010

Storage cost

$2,278

 

$250

 

Professional fees

1,281

 

643

 






6




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Form 10Q contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-KSB and other filings made by such company with the United States Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

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, 2010.

COMPANY OVERVIEW

Amanasu Techno Holdings Corporation ("Company") was incorporated in the State of Nevada on December 1, 1997 under the name of Avani Manufacturing (China) Inc. The Company changed its name to Genesis Water Technology on August 17, 1999, and to Supreme Group International, Inc. on December 24, 2000. On June 7, 2001, it changed its name to Amanasu Technologies Corporation. It changed its name again on December 21, 2007 to Amanasu Techno Holdings Corporation.The Company is a development stage company, and has not conducted any operations and generated any revenues since its inception.

The Company's principal offices were relocated on April 1, 2010 from 115 East 57th Street 11th Floor New York, NY 10022, to 445 Park Avenue Center 10th floor New York, NY 10022 Telephone: 212-836-4727 . The Tokyo branch has relocated from 1-3-38 Roppongi, Minatoku, Tokyo, 106-0032, Japan to 1-7-10 Motoakasaka Building 9th Floor Motoakasaka Minato-Ku Tokyo Telephone: 03-5413-7322.

Current

As of April 27th, 2009, Amanasu Techno Holdings Corporation (herein after the "Company"), acquired Amanasu Water Corporation from its brother company Amanasu Environment Corporation. The Company will assist Amanasu Water Corporation under a new name, Amanasu Support Corporation, to manufacture and market 2 technologies which the Company believes has great market potential.

The first technology is a fast microbe detection system for processed and unprocessed foods, called Biomonitec Glaze by NMG Inc, a Japanese corporation. Traditional microbe level detection systems take at least 24 hours to process; however, this mobile system can process the same information in 15 minutes. The Company is currently searching for investment partners to fund initial sales and marketing efforts.


7



The second technology is a automated personal waste collection and cleaning machine Haruka (formerly "Heartlet"), developed by Nanomax Corporation in Japan. The Haruka is a machine used in retirement homes, hospitals, and even in private residences. The Haruka allows the patient maximum comfort. The Haruka lowers the burden on the caretaker with an automated cleaning system. This machine is the only machine in its class to have a 90% government rebate, which the company believes makes the technology, extremely competative even in the current global economic crisis. The company obtained sales and manufacturing rights to the Haruka brand and is now currently seeking  manufacturing partners.

History

The Company is a development stage company and significant risks exist with respect to its business (see "Cautionary Statements" below). The Company received the exclusive worldwide rights to a high efficiency electrical motor and a high-powered magnet both of which are used in connection with an electrical motor scooter. The technologies were initially acquired under a license agreement with Amanasu Corporation, formerly Family Corporation. Amanasu Corporation, a Japanese company and the Company's largest shareholder, acquired the rights to the technologies under a licensing agreement with the inventors. Amanasu Corporation subsequently transferred the right to Amanasu Technologies Corporation, and the Company succeeded to the exclusive, worldwide rights. Atsushi Maki, a director of the Company, is the sole shareholder of Amanasu Corporation. 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, constructing four proto-type motor scooters and various testing of the technologies and the motor scooter.

The market place for electric scooters has become intensely competitive, thus offering rapid battery recharge time and more economical sale prices are prerequisites to compete successfully. To meet the economical sale price requirement the Company planned to conduct their manufacturing in China to reduce cost, and hoped it would meet the Company's expectations; however, significant difficulty with protecting the Company's proprietary technology unexpectedly emerged. In addition to proprietary issues, there were major concerns in customer service follow-ups (i.e. product warranty, maintenance, etc). The Company realized that with minimal control of the manufacturing standards in China, the result of safety related incidents, if not managed appropriately, would prove to be an overwhelming liability for the Company. To solve the two major issues, the Company decided to initiate a cooperative with a company that already produces completed electric scooters in a successful marketing condition. Evader Motersports, Inc. ("Evader"), an electric motorcycle producer, entered into an International Distributor Agreement, whereby the Company is appointed as an exclusive distributor of Evader products. Evader, in turn, would manage customer-service concerns. The Company was granted the exclusive rights for the motorcycle retail industry in Japan, with the right to include other marketing channels provided that it was agreed upon by both parties. The Company also considered Evader as a prospective company to share its technology with to create improved and more advanced electric scooters. The Company believed that with a combined effort using both companies' resources and technology, the resulting product would make a stronger impact on the market.

Further marketing research was carried out comparing current electric scooters on the market and Evader's scooters. The research concluded that further refinement in several areas were required. First the retail price of the Evader scooters was too high to be competitive in the Japanese market. The research also found that a new company recently began importing electric scooters from China to Japan directly. The quality of their product is unclear; however, the retail price of the new company's product effectively competes in the Japanese market. The refinements needed to make the Evader scooters competitive economically would take too much time, thus the Company has decided to discontinue business relations with Evader, and abandon the electric scooter project; however, the Company still holds the related patents.

In place of the electric scooter, other projects including a cooperative effort with Seems Inc., formerly introduced as Pixen Inc and their breakthrough "Bio-scent technology" are in development. Seems Inc. is a Pioneer in the newly developed bio-scent technology industry. Bio-scent technology involves the application of "scent data transmission", a digitized form of scents, in various industries such as biotechnology, medical care, environment, security, etc in addition to common aroma therapy. Due to its revolutionary technologies, Seems has been able to become a multi-million dollar company in less than 6 years and is expected to become public by early 2007. Its DAA (Defensive Aromatic Air) is its current flagship product.


8



In addition to being an air purifying system, Seems' DAA effectively removes up to 91% of air pollutants such as ammonia, and by products of cigarette smoke. It also provides odor neutralization , and air-borne anti-bacterial effects. Seems has also developed a scent-particle sensor, which is programmable to detect certain scent particles. This sensor is 1000 times more sensitive than even a dogs sense of smell. This scent detection system can be applied in fields such cancer detection. All diseases carry a scent profile that is undetectable by the human senses. Seems's sensor is able to detect these scent profiles and display the digitized scent data.

With uncertainty in the amount of time taken to obtain approval from the FDA for various technologies by Seems Inc, the Company decided to begin a new project in the Food/Beverage industry, specifically Franchise management under the new leadership of Yukinori Yoshino, who was appointed President of the Company as of October 16th, 2007; however, due to personal reasons unrelated to the Company, Mr. Yoshino stepped down as President as of May 11, 2009, with the Chairman Mr. Atsushi Maki assuming the position of Chief Executive Officer.


PRODUCTS

Electric Motor Scooter (Amanasu Techno Holdings)

The Company initial intentions were to participate in the emerging electric vehicle market by using its licensed technologies to design, manufacture, and market lightweight, electric motor scooters. The Company planned to provide its own battery charging technology to Evader Motorcycle, Inc. to develop an improved electric scooter aiming at the Japan and Southeast Asian markets; however, with recently marketing research, the Evader product was not able to meet the Company's pricing standards. The Company's electric scooter project will be on hold until more customer-service related resources can be attained.

Automated Human Waste Disposal Unit (Amanasu Support Corporation)

As of April 27, 2009 the Company acquired Amanasu Support Corporation from Amanasu Environment Corporation (brother company) to start Research & Development, sales, and manufacturing operations of the "Haruka" (temporary) Automated Human Waste Disposal Unit.

This technology collects human waste of hospital, and other care facility patients on an individual basis through an automated system (patents pending). The non-invasive collection mechanism is fastened to patient, which in turn is connected to the collector itself. The part attached to the patient contains several cleaning mechanisms, which are activated automatically through the unit's controller. The collection unit can then be emptied by an attending care professional when the unit is full.

The Company believes that the hospital, and related care industries will greatly benefit from this form of technology. With an automated system, care professional will be able to more effectively allocate their time to more critical patient needs, while at the same time the patient is provided with more comfort. The Amanasu Support plans to utilize government health care initiatives to reduce the cost the purchaser (varies by market), which the company believes is the cornerstone to the project that will in turn help revolutionize the care industry.

The Company believes that the Haruka is a Class I medical device, which has a much shorter approval process.  Amanasu Support has tentative plans for production to start during 2011, however, cannot guarantee this schedule.

PLAN OF OPERATION

The Company is a development stage corporation. It has not commenced its planned operations of manufacturing and marketing a lightweight electrical motor scooter. Its operations to date have been limited to conducting various tests on its technologies.

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As of April 27th, 2009, Amanasu Techno Holdings Corporation (herein after the "Company"), acquired Amanasu Water Corporation from its brother company Amanasu Environment Corporation. The Company will assist Amanasu Water Corporation under a new name, Amanasu Support Corporation, to manufacture and market 2 technologies of which the Company believes has great market potential.

The first technology is a fast microbe detection system for processed and unprocessed foods, called Biomonitec Glaze by NMG Inc, a Japanese corporation. Traditional microbe level detection systems take at least 24 hours to process; however, this mobile system can process the same information in 15 minutes. The Company is currently searching for investment partners to fund initial sales and marketing efforts.

The second technology is a automated personal waste collection and cleaning machine Haruka (formerly "Heartlet"), developed by Nanomax Corporation in Japan. The Haruka is a machine used in retirement homes, hospitals, and even in private residences. The Haruka allows the patient maximum comfort. The Haruka lowers the burden on the caretaker with an automated cleaning system. This machine is the only machine in its class to have a 90% govenment rebate, which the company believes makes the technology, extremely competative even in the current global economic crisis. The company obtained sales and manufacturing rights to the Haruka brand and is now currently seeking, manufacturing partners.

The Company will also be concentrating its efforts on capital raising efforts to enter into the NASDAQ Global Market. The Company satisfies all entry requirements, except for investment capital. The Company's target is to raise $30,000,000 in the near future.

As stated above, the Company can not predict whether or not it will be successful in its capital raising efforts, and, thus, be able to satisfy its cash requirements for the next 12 months. If the Company is unsuccessful in raising at least $300,000, it may not be able to complete its plan of operations as discussed above.

The company is expecting to gain the capital from issuing and selling the shares of the Company.

FINANCIAL RESULTS

Total Assets as at June 30, 2011 was $392 compared to $691 at December 31, 2010. The decrease is due  to the incurrance of expenses during the 2011 period.

Total current liabilities as at June 30, 2011 was $691,004 compared to $684,990 at December 31, 2010. The increase is due primarily to increases in accrued expenses.

Expenses for the six month period ended June 30, 2011 was $3,594 compared to $61,982 for the same period of 2010. The decrease is due primarily to careful management of cost.

Net Loss for the six month period ended June 30, 2011 was $3,498 compared to $62,619 for the same period of 2010. The decrease is due primarily to cost management,  as noted above.

Expenses for the three month period ended June 30, 2011 was $911 compared to $29,853 for the same period of 2010. The decrease is due primarily to careful management of cost.

Net Loss for the three month period ended June 30, 2011 was $859 compared to $29,729 for the same period of 2010. The decrease is due primarily to cost management,  as noted above.



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LIQUIDITY AND CAPITAL RESOURCES

Other than the provision of alternating business planning costs discussed above, the Company's cash requirements for the next 12 months are estimated to be $165,000. This amount is comprised of the following estimate expenditures; $100,000 in annual salaries for office personnel, office expenses and travel, $30,000 for rent, $20,000 for professional fees, and $15,000 for miscellaneous expenses. The Company does not have sufficient cash on hand to support its overhead for the next 12 months and has no material commitments for capital at this time other than as described above. The Company and/or Amanasu Maritck will need to issue and sell shares to gain capital for operations.

OFF-BALANCE SHEET ARRANAGEMENTS

The Company has no off-balance sheet arrangements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not Applicable.

ITEM 4. 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-15(e) 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 as of a date within 90 days of the filings date of Form 10Q. 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 information necessary whether:

(i) this quarterly report on Form 10 Q 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 Q, and (ii) the financial statements, and other financial information included in this quarterly report on Form 10 Q, 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 Q.

ITEM 4T. CONTROLS AND PROCEDURES

CHANGES IN INTERNAL CONTROLS

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, Chief Financial Officer's and Chief Accounting Officer's evaluation that could significantly affect these internal controls, including any corrective actions with regards to significant deficiencies and material weaknesses.




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PART II

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

None.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

Furnish the Exhibits required by Item 601 of Regulation S-K (229.407 of this chapter).

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.



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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused his report to be signed on its behalf by the undersigned thereunto duly authorized.

Amanasu Techno Holdings Corporation

Date: August 22, 2011

/s/ Atsushi Maki

Atsushi Maki
Chief Executive Officer
Chief Financial Officer
Chief Accounting Officer

















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