Share Name | Share Symbol | Market | Type |
---|---|---|---|
Amanasu Environment Corporation (CE) | USOTC:AMSU | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 00:00:00 |
Nevada
|
|
98-0347883
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer
Identification No.)
|
224 Fifth Avenue, 2nd
Floor
New York, NY 10022
|
(Address of principal executive offices)
|
(604) 790-8799
|
(Registrant’s telephone number, including area code) |
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which registered
|
N/A
|
|
N/A
|
|
N/A
|
Large accelerated filer
|
☐
|
Accelerated filer
|
☐
|
Non-accelerated filer
|
☒
|
Smaller reporting company
|
☒
|
|
|
Emerging growth company
|
☐
|
PART I - FINANCIAL INFORMATION
|
||
|
|
|
Item 1.
|
Consolidated
Financial Statements (unaudited).
|
|
|
|
|
Item 2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations.
|
|
|
|
|
Item 3.
|
Quantitative
and Qualitative Disclosures About Market Risk.
|
|
|
|
|
Item 4.
|
Controls
and Procedures.
|
|
|
|
|
PART II - OTHER INFORMATION
|
||
|
|
|
Item 1.
|
Legal
Proceedings.
|
|
|
|
|
Item 1A.
|
Risk
Factors.
|
|
|
|
|
Item 2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds.
|
|
|
|
|
Item 3.
|
Defaults
Upon Senior Securities.
|
|
|
|
|
Item 4.
|
Mine
Safety Disclosures.
|
|
|
|
|
Item 5.
|
Other
Information.
|
|
|
|
|
Item 6.
|
Exhibits.
|
|
|
|
|
Signatures
|
|
|
September
30,
2020
|
December
31,
2019
|
ASSETS
|
|
|
Current
Assets:
|
|
|
Cash
|
$71
|
$211
|
Due from
affiliate
|
-
|
24,509
|
Total
current assets
|
71
|
24,720
|
|
|
|
Operating lease
right-of-use assets
|
14,602
|
25,084
|
|
|
|
Total
Assets
|
$14,673
|
$49,804
|
|
|
|
LIABILITIES
& STOCKHOLDERS' DEFICIT
|
|
|
Current
Liabilities:
|
|
|
Accounts payable
and accrued expenses
|
$10,259
|
$13,402
|
Accrued expenses
– related parties
|
103,207
|
82,170
|
Accrued interest
– stockholders
|
87,720
|
72,764
|
Taxes
payable
|
31,977
|
31,056
|
Operating lease
liabilities – current
|
14,602
|
14,065
|
Due to
affiliate
|
1,294
|
-
|
Loans from
stockholders
|
441,738
|
439,765
|
Total
current liabilities
|
690,797
|
653,222
|
|
|
|
Operating lease
liabilities
|
-
|
11,019
|
|
|
|
Total
Liabilities
|
690,797
|
664,241
|
|
|
|
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
|
(5,517,781)
|
(5,456,421)
|
Accumulated other
comprehensive income
|
4,338
|
4,636
|
Total
Amanasu Environment Corporation stockholders' deficit
|
(675,790)
|
(614,132)
|
Non-controlling
interest in subsidiary
|
(334)
|
(305)
|
Total
stockholders’ deficit
|
(676,124)
|
(614,437)
|
|
|
|
Total
Liabilities and Stockholders' Deficit
|
$14,673
|
$49,804
|
|
Three
Months
Ended September
30,
|
Nine
Months
Ended September
30,
|
||
|
2020
|
2019
|
2020
|
2019
|
Revenue
|
$-
|
$-
|
$-
|
$-
|
Cost of
revenue
|
-
|
-
|
-
|
-
|
Gross
profit
|
-
|
-
|
-
|
-
|
|
|
|
|
|
General and
administrative expenses
|
12,054
|
12,298
|
46,404
|
48,011
|
|
|
|
|
|
Operating
loss
|
(12,054)
|
(12,298)
|
(46,404)
|
(48,011)
|
|
|
|
|
|
Other
Expense:
|
|
|
|
|
Interest expense
– stockholders
|
(5,032)
|
(4,982)
|
(14,956)
|
(14,361)
|
|
|
|
|
|
Net loss before
income taxes
|
(17,086)
|
(17,280)
|
(61,360)
|
(62,372)
|
|
|
|
|
|
Income
taxes
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Net
loss
|
(17,086)
|
(17,280)
|
(61,360)
|
(62,372)
|
|
|
|
|
|
Net loss
attributable to non-controlling interest
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Net loss
attributable to Amanasu
Environment
Corporation Stockholders
|
(17,086)
|
(17,280)
|
(61,360)
|
(62,372)
|
|
|
|
|
|
Other comprehensive
income (loss):
|
|
|
|
|
Foreign currency
translation adjustment
|
(258)
|
97
|
(327)
|
(91)
|
|
|
|
|
|
Total comprehensive
loss
|
(17,344)
|
(17,183)
|
(61,687)
|
(62,463)
|
Less: Comprehensive
income (loss)
attributable
to non-controlling interest
|
(23)
|
9
|
(29)
|
(8)
|
|
|
|
|
|
Comprehensive loss
attributable to
Amanasu
Environment Corporation
Stockholders
|
$(17,321)
|
$(17,192)
|
$(61,658)
|
$(62,455)
|
Net loss per share
– basic and diluted
|
$(0.00)
|
$(0.00)
|
$(0.00)
|
$(0.00)
|
Weighted average
number of shares outstanding – basic and
diluted
|
44,100,816
|
44,100,816
|
44,100,816
|
44,100,816
|
|
Common
Stock
|
Paid
In
|
Accumulated
|
Comprehensive
|
Non-controlling
|
|
|
|
Shares
|
Amount
|
Capital
|
Deficit
|
Income
|
Interest
|
Total
|
|
|
|
|
|
|
|
|
Balance July 1,
2020
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,500,695)
|
$4,573
|
$(311)
|
$(658,780)
|
Net
loss
|
-
|
-
|
-
|
(17,086)
|
-
|
-
|
(17,086)
|
Other comprehensive
loss
|
-
|
-
|
-
|
-
|
(235)
|
(23)
|
(258)
|
|
|
|
|
|
|
|
|
Balance September
30, 2020
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,517,781)
|
$4,338
|
$(334)
|
$(676,124)
|
|
Common
Stock
|
Paid
In
|
Accumulated
|
Comprehensive
|
Non-controlling
|
|
|
|
Shares
|
Amount
|
Capital
|
Deficit
|
Income
|
Interest
|
Total
|
|
|
|
|
|
|
|
|
Balance July 1,
2019
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,416,645)
|
$4,653
|
$(312)
|
$(574,739)
|
Net
loss
|
-
|
-
|
-
|
(17,280)
|
-
|
-
|
(17,280)
|
Other comprehensive
income
|
-
|
-
|
-
|
-
|
88
|
9
|
97
|
|
|
|
|
|
|
|
|
Balance September
30, 2019
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,433,925)
|
$4,653
|
$(303)
|
$(591,922)
|
|
Common
Stock
|
Paid
In
|
Accumulated
|
Comprehensive
|
Non-controlling
|
|
|
|
Shares
|
Amount
|
Capital
|
Deficit
|
Income
|
Interest
|
Total
|
|
|
|
|
|
|
|
|
Balance January 1,
2020
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,456,421)
|
$4,636
|
$(305)
|
$(614,437)
|
Net
loss
|
-
|
-
|
-
|
(61,360)
|
-
|
-
|
(61,360)
|
Other comprehensive
loss
|
-
|
-
|
-
|
-
|
(298)
|
(29)
|
(327)
|
|
|
|
|
|
|
|
|
Balance September
30, 2020
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,517,781)
|
$4,338
|
$(334)
|
$(676,124)
|
|
Common
Stock
|
Paid
In
|
Accumulated
|
Comprehensive
|
Non-controlling
|
|
|
|
Shares
|
Amount
|
Capital
|
Deficit
|
Income
|
Interest
|
Total
|
|
|
|
|
|
|
|
|
Balance January 1,
2019
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,371,553)
|
$4,736
|
$(295)
|
$(529,459)
|
Net
loss
|
-
|
-
|
-
|
(62,372)
|
-
|
-
|
(62,372)
|
Other comprehensive
income
|
-
|
-
|
-
|
|
(83)
|
(8)
|
(91)
|
|
|
|
|
|
|
|
|
Balance September
30, 2019
|
44,100,816
|
$44,101
|
$4,793,552
|
$(5,433,925)
|
$4,653
|
$(303)
|
$(591,922)
|
|
Nine Months
Ended
September 30,
2020
|
Nine Months
Ended
September 30,
2019
|
CASH
FLOWS FROM OPERATIONS
|
|
|
Net
loss
|
$(61,360)
|
$(62,372)
|
|
|
|
Changes
in assets and liabilities:
|
|
|
Accounts payable
and accrued expenses
|
(3,282)
|
(2,358)
|
Accrued expenses
– related parties
|
20,813
|
32,625
|
Accrued interest
– stockholders
|
14,956
|
14,361
|
Net
Cash Used in Operating Activities
|
(28,873)
|
(17,744)
|
|
|
|
CASH
FLOWS FROM FINANCING ACTIVITIES
|
|
|
Loans from
stockholders, net of repayment
|
2,930
|
33,220
|
Due from (to)
affiliate
|
25,803
|
(18,560)
|
Net Cash Provided by Financing
Activities
|
28,733
|
14,660
|
|
|
|
Net Change In
Cash
|
(140)
|
(3,084)
|
|
|
|
Cash balance,
beginning of period
|
211
|
3,290
|
|
|
|
Cash balance, end
of period
|
$71
|
$206
|
Supplemental disclosures of cash flow
information:
|
|
|
Cash
paid for interest
|
$-
|
$-
|
Cash
paid for income taxes
|
$-
|
$-
|
2020
– three months
|
$3,750
|
2021
|
11,250
|
Total
undiscounted future minimum lease payments
|
15,000
|
Less:
Difference between undiscounted lease payments and discounted lease
liabilities
|
(398)
|
Total
operating lease liabilities
|
14,602
|
Less
current portion
|
(14,602)
|
Long-term
lease liabilities
|
$-0-
|
|
Amanasu Environmental
Corporation
|
|
|
|
|
|
|
Date: November 12,
2020
|
By:
|
/s/ Atsushi Maki
|
|
|
|
Atsushi Maki
|
|
|
|
Principal Executive
Officer
|
|
|
|
Principal Accounting
Officer
|
|
1 Year Amanasu Environment (CE) Chart |
1 Month Amanasu Environment (CE) Chart |
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