Washington, D.C. 20549

(Mark One)

         [X] Quarterly report pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934

                For the quarterly period ended March 31, 2002


           [ ] Transition report pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934

             For the transition period____________to_______________

                       Commission file number 0-27175

                          ADVANCE TECHNOLOGIES, INC.
             (Exact name or registrant as specified in its charter)

         Nevada                            95-4755369
(State or other jurisdiction           (I.R.S. Employer
Incorporation or organization)        Identification No.)

                            716 Yarmouth Rd Suite 215
                         Palos Verdes Estates, CA 90274
                    (Address of principal executive offices)

Registrant's telephone number, including area code: (310) 265-7776

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 that the registrant was Required to file
such reports), and (2) has shorter period been subject to Such filing
requirements for the past 90 days.
Yes [X]  No [  ]


Indicate by check 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

Yes [  ]  No [  ]


Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

As of March 31, 2002, approximately 2,572,923 shares of the Registrant's Common
Stock, $0.001 par value were outstanding.

As of March 31, 2002, approximately 50,204,102 shares of the Registrant's Class
A Preferred Non-voting Stock par value $0.001 were outstanding.


    Pursuant to the requirement 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.

Date: May 13, 2002                   Advance Technologies, Inc.

                                               By: /s/ Gary E. Ball
                                                  Gary E. Ball
                                                  President and Director


                           ADVANCE TECHNOLOGIES, INC.

                          (A Development Stage Company)

                        Consolidated Financial Statements

                                 March 31, 2002

                                                   Chisholm & Associates, CPA
                                                   PO Box 540216
                                                   North Salt Lake, UT 84054
                                                   Tel: (801) 292-8756

(a Development Stage Company)
Consolidated Balance Sheets

                                                                                March 31,       September 30,
                                                                                  2002               2001
Current Assets
  Cash                                                                             $     774          $     3,515

Total Current Assets                                                                     774                3,515

Property & Equipment, Net                                                             23,202               26,835

    Total Assets                                                                   $  23,976          $    30,350


Current Liabilities
  Accrued Interest                                                                 $  18,137          $    13,007
  Note Payable - Officer                                                              39,800               28,300
  Advance Royalties                                                                   25,000               25,000

Total Current Liabilities                                                             82,937               66,307

Long Term Liabilities
  Line of Credit                                                                      85,500               85,500

Total Long Term Liabilities                                                           85,500               85,500

    Total Liabilities                                                                168,437              151,807

Stockholders' Equity
  Common Stock, Authorized 100,000,000 Shares of $.001 Par Value,
    Issued and Outstanding 2,572,923 shares                                            2,573                2,573
  Preferred Stock, Series A Authorized 100,000,000 Shares of $.001
    Par Value, Issued and Outstanding 50,204,102 Shares                               50,204               50,204
  Additional Paid in Capital                                                         446,496              446,496
  Deficit Accumulated During the Development Stage                                  (643,734)            (620,730)

Total Stockholders' Equity                                                          (144,461)            (121,457)

    Total Liabilities and Stockholders' Equity                                     $  23,976          $    30,350

Advance Technologies, Inc.
(a Development Stage Company)
Consolidated Statements of Operations

                                           For the three                For the six              From inception on
                                           months ended                 months ended               October 1, 1985
                                             March 31,                    March 31,               thru December 31,
                                         2002         2001           2002            2001               2001
                                      -----------   -----------   -----------      ----------        ------------
Revenues                              $        -    $        -    $   17,447      $        -         $    48,432

Operating Expenses
  Research & Development                       -             -             -               -              72,750
  General & Administrative                12,527        16,980        27,322          56,330             630,581
                                      -----------   -----------   -----------      ----------        ------------
    Total Operating Expenses              12,527        16,980        27,322          56,330             703,331
                                      -----------   -----------   -----------      ----------        ------------
Operating Income (Loss)                  (12,527)      (16,980)       (9,875)        (56,330)           (654,899)
                                      -----------   -----------   -----------      ----------        ------------
Other Income (Expense)
   Miscellaneous Income                        -             -             -               -              98,000
   Interest Expense                       (2,565)            -       (13,130)              -             (26,137)
                                      -----------   -----------   -----------      ----------        ------------

    Total Other Income (Expense)          (2,565)            -       (13,130)              -              71,863
                                      -----------   -----------   -----------      ----------        ------------

Net Income (Loss)                     $  (15,092)   $  (16,980)   $  (23,005)   $    (56,330)        $  (583,036)
                                      ===========   ===========   ===========      ==========        ============

Net Income (Loss) Per Share           $    (0.01)   $    (0.01)   $    (0.01)     $    (0.02)            $ (1.13)
                                      ===========   ===========   ===========      ==========        ============

Weighted Average Shares Outstanding    2,572,923     2,572,923     2,572,923       2,572,923             513,921
                                      -----------   -----------   -----------      ----------        ------------

Advance Technologies, Inc.
(a Development Stage Company)
Consolidated Statements of Cash Flows

                                                                                                                 From inception
                                                                                                                  inception on
                                                                              For the six months ended           October 1, 1985
                                                                                      December 31,                    thru
                                                                                                                  December 31,
                                                                                      2001               2000         2001
Cash Flows from Operating Activities

  Net Income (Loss)                                                         $                   (23,004) $ (248)       $ (583,035)
  Adjustments to Reconcile Net Loss to Net Cash
    Provided by Operations:
     Depreciation & Amortization                                                                  3,633       -            25,298
     Stock Issued for Services                                                                        -       -           399,775
     Organization Costs                                                                               -       -            11,331
     Decrease in Prepaids                                                                             -       -            14,680
  Change in Assets and Liabilities
     Increase in Deferred Income                                                                      -       -                 -
     Increase (Decrease) in Accounts Payable and Accrued Expenses                                 5,130       -            18,139

  Net Cash Provided(Used) by Operating Activities                                               (14,241)   (248)         (113,812)

Cash Flows from Investing Activities
  Investment in Subsidiary                                                                            -       -               286
  Purchase of Equipment                                                                               -       -           (36,000)

  Net Cash Provided (Used) by Investing Activities                                                    -       -           (35,714)

Cash Flows from Financing Activities
  Payments for Officer Loan                                                                           -       -           (33,200)
  Proceeds from Officer Loan                                                                     11,500       -            73,000
  Proceeds from Line of Credit                                                                        -       -            85,500
  Proceeds from Issuance of Stock                                                                     -       -            25,000

  Net Cash Provided(Used) by Financing Activities                                                11,500       -           150,300

Increase (Decrease) in Cash                                                                      (2,741)   (248)              774

Cash and Cash Equivalents at Beginning of Period                                                  3,515     555                 -

Cash and Cash Equivalents at End of Period                                 $                        774  $  307        $      774

Cash Paid For:
  Interest                                                                  $                     8,000  $    -        $    8,000
  Income Taxes                                                              $                         -  $    -        $        -

                           ADVANCE TECHNOLOGIES, INC.
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                                 March 31, 2002


Advance Technologies, Inc.(the Company) has elected to omit substantially all
footnotes to the financial statements for the three and six months ended March
31, 2002 since there have been no material changes (other than indicated in
other footnotes) to the information previously reported by the Company in their
Annual Report filed on Form 10-KSB for the fiscal year ended September 30, 2001.


The information furnished herein was taken from the books and records of the
Company without audit. However, such information reflects all adjustments which
are, in the opinion of management, necessary to properly reflect the results of
the interim period presented. The information presented is not necessarily
indicative of the results from operations expected for the full fiscal year.


Advance Technologies Inc. ("AVTX") is a developer of infrared (IR) Enhanced
Vision technology and commercial solutions. The Company has a worldwide license
from Hughes Aircraft Company, Los Angeles, California for a patented advanced
infrared Enhanced Vision System. Advance Technologies licenses and develops
applied infrared enhanced vision solutions for use in diverse industries
including aviation, recreational vehicles, commercial trucking, marine, security
and fire fighting.

Advance Technologies has entered into a licensing agreement with Kollsman, Inc.,
which has incorporated the Company's technology into an Enhanced Vision System
("EVS") for use with Gulfstream Aerospace(R) aircraft.

On October 16, 2001, Gulfstream Aerospace Corporation, a wholly owned subsidiary
of General Dynamics, announced it has received certification from the Federal
Aviation Administration to install the "revolutionary" Enhanced Vision System on
the Gulfstream V ultra-long range business jet aircraft. The FAA-issued
Supplemental Type Certificate allows Gulfstream to offer EVS as an option on new
GV ultralong range business jet aircraft and also to install the system as a
retrofit on in-service GV aircraft.

Gulfstream Aerospace Corporation issued the following news release:


     SAVANNAH, Georgia--(BUSINESS WIRE)--Oct. 16, 2001--Gulfstream Aerospace
     Corporation, a wholly owned subsidiary of General Dynamics (NYSE: GD), has
     received certification from the Federal Aviation Administration to install
     the revolutionary Enhanced Vision System on the Gulfstream V ultra-long
     range business jet aircraft.

     The FAA-issued Supplemental Type Certificate allows Gulfstream to offer EVS
     as an option on new GV ultralong range business jet aircraft and also to
     install the system as a retrofit on in-service GV aircraft.

     "The EVS is a revolutionary safety enhancement for operators of Gulfstream
     V business jet aircraft," said Bill Boisture, Gulfstream president and
     chief operating officer. "Offered exclusively by Gulfstream, it
     significantly improves situational awareness for flight crews and provides
     instant access to the information needed to make safe flying decisions in
     adverse weather and low-visibility conditions."

     Gulfstream has integrated the enhanced vision technology onboard the
     revolutionary Gulfstream V-SP; it is a standard component of its exclusive
     PlaneView(TM) cockpit. Next month Gulfstream will begin to design and test
     EVS for retrofit on in-service Gulfstream IV business jet aircraft. EVS
     will be offered as an option on all new Gulfstream IV-SP business jet
     aircraft. Certification for the GIV is expected by mid-year 2002.

     "EVS and the exclusive PlaneView cockpit represent two more revolutionary
     firsts by a company that is already known for taking the leadership role in
     product development," said Pres Henne, senior vice president, programs.

     The EVS incorporates a unique sensor system based on Forward-Looking
     Infrared (FLIR) technology developed and manufactured by Kollsman Inc.,
     Merrimack, NH. The EVS sensor projects an infrared, real-world conformal
     image on Honeywell's Head-Up Display in the cockpit. The image enables a
     pilot to see through fog and darkness. In-service GVs outfitted with HUD
     can be retrofitted with EVS to achieve the same safety enhancements.

     The FAA's Safer Skies initiative has identified several situations that
     cause accidents, including deteriorating weather conditions, controlled
     flights into terrain, runway incursions and mistakes during approaches and

     EVS can assist with each of these volatile situations. Enhancing vision
     during adverse weather conditions, darkness or obstructed landings
     significantly reduces the margin for error.

     "As part of our FAA certification flight testing last month, three pilots
     and an FAA flight test engineer flew 80 approaches using EVS during the day
     and at night in all kinds of weather conditions," said Mike Mena, program
     manager for the GV-SP and EVS. "The Gulfstream flight crew, pilots Ron
     Newton and Gary Freeman and Flight Test Engineer Bill Osborne, flew the
     aircraft over mountains at night to show the FAA how well EVS detects
     terrain. EVS met or exceeded all expectations during this testing,
     successfully meeting the demanding FAA certification criteria. Thanks to
     their expertise and knowledge, our team was able to demonstrate EVS to the
     fullest extent possible."

     "There's a lot of demand for the EVS," Mena added. "To date, we've sold
     about 35 Enhanced Vision Systems for GV retrofit installation. This number
     does not include the systems that will be installed as standard equipment
     on the GV-SP business jet aircraft." Gulfstream service centers will begin
     EVS retrofit installations on in-service GVs in the first quarter of 2002.

     Gulfstream Aerospace Corporation, a wholly owned subsidiary of General
     Dynamics (NYSE:GD), designs, develops, manufactures, markets and services
     the world's most technologically advanced intercontinental business jet
     aircraft. Gulfstream has produced more than 1,200 aircraft for customers
     around the world since 1958. To meet the aviation needs of its customers,
     Gulfstream offers a full range of aircraft products and services, including
     the Gulfstream 100(R), Gulfstream 200(R), Gulfstream IV-SP(R), the
     ultra-long range Gulfstream V(R) and Gulfstream V-SP(R), Gulfstream
     Shares(R), Gulfstream Financial Services(R), Gulfstream Lease(R),
     Gulfstream Pre-Owned Aircraft Sales(R), Gulfstream Management Services(R)
     and Gulfstream ServiceCare(R). The company employs more than 8,750 people
     at eight locations. We invite you to visit our Web site at for photos of Gulfstream aircraft and related

     General Dynamics, headquartered in Falls Church, Virginia, employs
     approximately 52,000 people and anticipates 2001 sales of approximately $12
     billion. The company has leading market positions in business aviation,
     information systems, shipbuilding and marine systems, and land and
     amphibious combat systems. More information about the company can be found

Enhance Vision System will enter production this year. AVTX benefits through its
license agreement with Kollsman Inc. whereby AVTX achieves royalties that
increase in time. AVTX will provide guidance based upon production commitments
and delivery schedules between Gulfstream Aerospace Company and Kollsman Inc. as
this information becomes available. In February 2002, as a result of the FAA's

granting of the Supplemental Type Certification in October 2001, Kollsman
notified the Company that it has received its first production order for
Enhanced Vision Systems (EVS). The purchase agreement calls for its initial
aircraft launch customer to purchase in excess of 140 systems at a price of
approximately $1 million each. Under terms of this Agreement, Advance
Technologies is entitled to royalties from the sale of EVS units for the
commercial aviation market. This event marks the first Federal Aviation
Administration (FAA) certified EVS to enter into production. As of March 31,
2002, no EVS systems have been delivered to Gulfstream. The Company expects
additional sales based upon an industry report which indicates customers are
selecting the EVS equipment option at a higher than anticipated rate. EVS is
planned to be made available on additional aircraft in the future.

The Company anticipates a positive cash flow will occur by the third Quarter of

Enhance Vision Systems has been receiving extremely positive reviews in the
professional publications. (Professional Pilot, November 2001, Avionics News,
January 2002, Aviation Week & Space Technology, January 2001) Aviation
International News, January 2002 called "EVS could easily be listed as one of
the most important aviation safety innovations of the last 20 years." The
achievement of EVS Certification was called by Aviation International News as
"on the list of top news makers of the year (2001)".

AVTX and Kollsman also discussed collaboration on an Advanced EVS incorporating
AVTX's proprietary technology that is not included or a part of the current
production EVS. A process was initiated in which Kollsman would provide AVTX
with certain hardware items to support AVTX's development activities for the
Advanced EVS.

Advance Technologies, Inc. also continues its development phase with several
projects moving forward at a pace dictated by market conditions, technical
innovations and market factors.

NITEAGLE(TM) Advance Technologies' proprietary infrared system for recreational
vehicles has been under field evaluation since delivery in November from our
Taiwanese partner, Telesis Technologies. This unit is being evaluated for market
acceptance and performance evaluation. The result of this evaluation will
establish our future direction with product and a better understanding of its
market potential. Telesis Technologies has provided AVTX a second preproduction
system for our market evaluation and our market development activities. We are
conducting marketing presentations and demonstrations of NITEAGLE(TM), which
appear to be well-received.

AVTX and Telesis Technologies also have signed an agreement that designates
Telesis Technologies as our EVS representative for Far East opportunities. This
agreement gives Telesis the right to present limited information about AVTX's
EVS technology to potential customers in which to identify the benefits that EVS
can provide civil aviation.

Honeywell International solicited AVTX's participation in developing a "field
application" and/or "market use" of their Micro-bolometer detector technology.
Honeywell is establishing licenses for their Micro-bolometer detector
technology, for both technology and fields of application. AVTX has provided
Honeywell proprietary information on four potential license fields for potential
development, and further discussions are ensuing.

Db-associates has submitted a market study proposal to Telesis Technologies to
address key issues associated with introducing the Spectrum 9000, Infrared
Thermograph Medical Instrument into the USA. The Spectrum 9000 was introduced in
Taiwan in 2000 and in Korea in 2001. It has received excellent reviews from the
medical community for its use in alternative medical applications. AVTX is

collaborating with Telesis under a time and service reimbursement agreement on a
plan to introduce this system in the USA at some future time.

Advance Technologies Inc. continues development activities on new Infrared
systems for commercial markets. These projects cannot be forecast with any
degree of certainty, and all strategic partnerships or business arrangements
remain confidential until such time as formal announcements are appropriate
without compromising the development plan and/or the application marketplace.


No commitment for capital resources has been made during this reporting period.


The results on the operation represent projects of likely future events that
cannot be guaranteed. Therefore, the financial analysis does not include
projects, and no quantitative assessment has been provided based upon the future
discussion of potential events in Section 3.

The Company has received revenue pursuant to an agent agreement with, that
allows the Company to receive fixed monthly service fees, and to bill for
additional services provided. The Company records revenues when the services are

The Company is entitled to reimbursement for various expenses associated with
the development of its night vision technology pursuant to the joint venture
agreement with Telesis Technologies. These reimbursements are recorded as
miscellaneous income when received.

No material changes have been provided; therefore impact of unforeseeable events
cannot be assessed.

Present financial plans are adequate to meet our cash flow needs with our
current project schedule.