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                            ADVANCE TECHNOLOGIES INC

                               Filing Type:  10-QSBA
                               Amendment:    Number 2
                               Description:  N/A
                               Filing Date:  12/31/02

                                    Ticker:  AVTX
                                     CUSIP:  00750Y
                                     State:  CA
                                   Country:  US
                               Primary SIC:  3812
                          Primary Exchange:  OTH
                   Billing Cross Reference:
                              Date Printed:  01/28/03

                                TABLE OF CONTENTS
                              CREATED BY DISCLOSURE

                                 Filing Sections


Cover Page....................................................................1
Financial Statement Item......................................................2
Financial Statements..........................................................2
Balance Sheet.................................................................3
Income Statement..............................................................4
Cash Flow Statement...........................................................5
Financial Footnotes...........................................................6
Management Discussion.........................................................7

                                   FORM 10 QSB/A
                                 Amendment No. 2

                             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 December 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 report
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 December 31, 2001, approximately 17,218,967 shares of the Registrant's
Common Stock, $0.001 par value were outstanding.

As of December 31, 2001, approximately 38,858,057 shares of the Registrant's
Class A Preferred Non-voting Stock par value $0.001 were outstanding.



                           ADVANCE TECHNOLOGIES, INC.

                          (A Development Stage Company)

                        Consolidated Financial Statements

                                December 31, 2002

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


                           ADVANCE TECHNOLOGIES, INC.
                          (a Development Stage Company)
                           Consolidated Balance Sheets

                                                         December 31,          September 30,
                                                             2002                  2002
                                                        ----------------      ----------------
Current Assets
  Cash                                                         $  3,262             $   1,719
                                                        ----------------      ----------------

Total Current Assets                                              3,262                 1,719
                                                        ----------------      ----------------

Property & Equipment, Net                                        20,403                22,367
                                                        ----------------      ----------------

    Total Assets                                              $  23,665             $  24,086
                                                        ================      ================


Current Liabilities
  Accrued Interest                                            $  25,832             $  23,267
  Note Payable - Officer                                         25,000                25,000
  Advance Royalties                                              36,300                36,300
                                                        ----------------      ----------------

Total Current Liabilities                                        87,132                84,567
                                                        ----------------      ----------------

Long Term Liabilities
  Line of Credit                                                 90,000                85,500
                                                        ----------------      ----------------

Total Long Term Liabilities                                      90,000                85,500
                                                        ----------------      ----------------

    Total Liabilities                                           177,132               170,067
                                                        ----------------      ----------------

Stockholders' Equity
  Common Stock, Authorized 100,000,000 Shares of
    $.001 Par Value, Issued and Outstanding
    17,218,967 shares                                            17,219                17,219
  Preferred Stock, Series A Authorized 100,000,000
    Shares of $.001 Par Value, Issued and Outstanding
    38,858,057 Shares                                            38,858                38,858
  Additional Paid in Capital                                    446,446               446,446
  Deficit Accumulated During the Development Stage             (655,990)             (648,504)
                                                        ----------------      ----------------

Total Stockholders' Equity                                     (153,467)             (145,981)
                                                        ----------------      ----------------

    Total Liabilities and Stockholders' Equity                $  23,665             $  24,086
                                                        ================      ================


                           ADVANCE TECHNOLOGIES, INC.
                          (a Development Stage Company)
                      Consolidated Statements of Operations

                                               For the three        For the three      From inception on
                                                months ended        months ended       October 1, 1985
                                                December 31,        December 31,       thru December 31,
                                                    2002                2001                   2002
                                              -----------------   ------------------   ----------------------
Revenues                                              $  1,648             $ 17,447               $   61,672

Operating Expenses
  Depreciation & Amortization                            1,964                    -                31,483.00
  Oranization Costs                                          -                    -                11,331.00
  Research & Development                                     -                    -                   72,750
  General & Administrative                               4,605               14,795                  613,567
                                              -----------------   ------------------   ----------------------

    Total Operating Expenses                             6,569               14,795                  729,131
                                              -----------------   ------------------   ----------------------

Operating Income (Loss)                                 (4,921)               2,652                 (667,459)
                                              -----------------   ------------------   ----------------------

Other Income (Expense)
   Miscellaneous Income                                      -                    -                   98,000
   Interest Expense                                     (2,565)             (10,565)                 (25,832)
                                              -----------------   ------------------   ----------------------

    Total Other Income (Expense)                        (2,565)             (10,565)                  72,168
                                              -----------------   ------------------   ----------------------

Net Income (Loss)                                     $ (7,486)            $ (7,913)              $ (595,291)
                                              =================   ==================   ======================

Net Income (Loss) Per Share                           $  (0.00)            $  (0.00)              $    (0.46)
                                              =================   ==================   ======================

Weighted Average Shares Outstanding                 17,218,967            2,572,923                1,294,131
                                              =================   ==================   ======================


                           ADVANCE TECHNOLOGIES, INC.
                          (a Development Stage Company)
                      Consolidated Statements of Cash Flows

                                                                                                        From inception
                                                                          For the three months ended     inception on
                                                                              December 31,              October 1, 1985
                                                                      ------------------------------         thru
                                                                                                        December 31,
                                                                         2002              2001             2002
                                                                      ------------     -------------   ----------------
Cash Flows from Operating Activities

  Net Income (Loss)                                                      $ (7,486)         $ (7,913)        $ (595,291)
  Adjustments to Reconcile Net Loss to Net Cash
    Provided by Operations:
     Depreciation & Amortization                                            1,964             1,833             31,483
     Stock Issued for Services                                                  -                 -            403,025
     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           2,565             2,565             25,834
                                                                      ------------     -------------   ----------------

  Net Cash Provided(Used) by Operating Activities                          (2,957)           (3,515)          (108,938)
                                                                      ------------     -------------   ----------------

Cash Flows from Investing Activities
  Investment in Subsidiary                                                      -                 -                286
  Purchase of Equipment                                                         -                 -            (39,386)
                                                                      ------------     -------------   ----------------

  Net Cash Provided (Used) by Investing Activities                              -                 -            (39,100)
                                                                      ------------     -------------   ----------------

Cash Flows from Financing Activities
  Payments for Officer Loan                                                     -                 -            (41,200)
  Proceeds from Officer Loan                                                    -                 -             77,500
  Proceeds from Line of Credit                                              4,500                 -             90,000
  Proceeds from Issuance of Stock                                               -                 -             25,000
                                                                      ------------     -------------   ----------------

  Net Cash Provided(Used) by Financing Activities                           4,500                 -            151,300
                                                                      ------------     -------------   ----------------

Increase (Decrease) in Cash                                                 1,543            (3,515)             3,262
                                                                      ------------     -------------   ----------------

Cash and Cash Equivalents at Beginning of Period                            1,719             3,515                  -
                                                                      ------------     -------------   ----------------

Cash and Cash Equivalents at End of Period                               $  3,262          $      -         $    3,262
                                                                      ============     =============   ================

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


                 Notes to the Consolidated Financial Statements
                                December 31, 2002


Advance  Technologies,  Inc.(the Company) has elected to omit  substantially all
footnotes to the financial  statements  for the three months ended  December 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, 2002.


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 for commercial solutions and applications. The Company engages
in advance  development  activities and through strategic business  arrangements
AVTX  utilizes OEM  suppliers and major system  corporations  to form  strategic
business  associations.  This unique business model combines the strength of our
organization  with the  prior  capital  investment  of the OEMs and the in place
established  marketing  and sales  organization  of the System  Integrator.  Our
ability  to bridge  advance  IR  technology  into  application-specific  markets
shortens the development-to-market cycle and associated high investment risks of
this enterprise.

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.

Business Overview

     The  tragic  events  of  September  11,  2001  has  produced  economic  and
bureaucratic  shock  waves  that  has had a  direct  effected  on  AVTX  and our
strategic plans. The effect has been most notable in the decline of the price of
our common  stock in recent  months  reflecting  the general  slow down that has
effected our markets.

     The   aftermath  of  9-11  has  effected   Corporations   such  as  Advance
Technologies  Inc. through our significant  involvement in Infrared  Technology,
which is a controlled and regulated technology by the US Government.  Since AVTX
is exclusively involved in commercial applications,  and all of the technologies
we employ are considered "dual use technology"  (military and  commercial),  the
governments  restrictions  have had little  effect on the scope and direction of
our strategic  plans.  Thus,  our plans for future  products has not  materially
changed.  But, the government has imposed new  requirements on Corporation  like
AVTX to prove our system applications meet the commodity juristition regulations
(commercial  non-military end-use) to the Department of State through compliance
to the International Traffic in Arms Regulation (ITAR).

     ATI entered  into an  agreement  with an off-shore  OEM  strategic  partner
Telesis  Electronics  September of 2000, a Taiwanese privately held corporation.
Under the terms of this  agreement ATI is  developing IR systems in  conjunction
with  Telesis  for  sale in the USA as well as  other  foreign  markets.  Export
licenses are required to provide critical components for this work. Approval for
these  licenses are taking more than a year to obtain.  In October 2002, We were
notified our second export license for 35 systems was approved. Telesis has been
notified,  and we are  waiting  for  instruction  from  Telesis on the  business
mechanics of payment, scheduling, and compliance information.

Enhanced Vision Activities

     Enhance Vision System, our first project;  has entered production.  Advance
     Technologies benefits through a license agreement with Kollsman Inc.

     Kollsman  has  issued  the  quarterly  report  required  under the  License
     Agreement  to ATI  stating  eleven  (11) EVS have been  delivered  to their


                           INITIAL DELIVERY     UNITS SOLD         TOTAL

         1ST QT. 2002                 2             0                0
         2ND QT  2002                 7             5                5
         3RD QT. 2002                14             6               11
         4TH QR. 2002                23            17               28
         TOTAL 2002                  45            28


     The delivery rates are increasing as Kollsman ramps up production. Kollsman
     has released no information  on their future  production  plans.  Their end
     user  continues to expand the  application to additional  aircraft  through
     certification  activity  with the FAA.  This will serve to increase the EVS

     Kollsman  Instruments  released a PRESS RELEASE in September 2002,  titled,
     announced  the  introduction  of a "new  reduced  performance  EVS version"
     called  Night  Window  TM, a low cost  derivative  of the high  performance
     Kollsman's  "All-weather Window" system. The expansion of Kollsman into the
     higher  volume,  lower  cost EVS  market  has been  anticipated  by Advance
     Technologies.  This  market is larger  and is more  accessible  from an FAA
     certification standpoint.

     Kollsman  has not  released  any  additional  information  with  regard  to
     application,  host platforms,  or future sales. As this information  become
     available,  or  creditable  projections  are made by  independent  sources,
     Advance Technologies will make appropriate announcements.

     ATI and Telesis  Technologies  signed an EVS  agreement,  which  designates
     Telesis  Technologies as our EVS representative for Far East opportunities.
     This agreement  gives Telesis the right to present  limited  information on
     EVS and the benefit that EVS can provide to civil aviation.  Discussions by
     Telesis in the Far East has provided no specific opportunity to date.

     Honeywell Technology License

     Honeywell  provided  ATI  initial  terms for a "field  application"  and/or
     "market use" of their Micro-bolometer  technology. The terms and conditions
     have been evaluation by ATI and our partner  Telesis.  It appears the terms
     are reasonable  based upon  assumptions on the price and  availability of a
     low cost import from Taiwan. This product will not be available until first
     quarter of 2003, therefore the need to finalize an agreement with Honeywell
     has been delayed until first or second quarter of 2003.


     Telesis  Technologies  had  provided  two  preproduction  units for  market
     evaluation and product finalization. Tests have been completed and detailed
     technical specifications of the production product completed.  This process
     included the review and  incorporation of technical  advancements that have
     occurred in the last 18 months.  The baseline  configuration  is up to date
     with the latest  advancements to ensure that our economic base is solid and
     will not be obsolete with near term  improvements.  The rapid pace of these
     improvements  has been an impediment to finalizing the system and coming to

     Meetings in September were conducted with the ATI-Telesis team meeting with
     our  potential  launch  customer (OEM RV supplier) and a key IR supplier in
     the USA.  With the present ITAR  restriction  levied by the  Department  of
     State, ATI & Telesis concluded the initial  production of the restricted IR
     technology  should  be  performed  in the USA,  while  the  balance  of the
     unrestricted  hardware  would be imported  from the Far East.  The meetings
     exceeded our expectations,  and the product near term viability  received a
     strong  boost.  Our  business  model was  validated  and our cost  model is
     meeting our expectations. As always we retain back up and contingency plans
     to cover the unknown to the extent the unknown can be anticipated.


     The preliminary plan to launch the Niteagle project has been prepared and
     submitted to Telesis  Electronics Board of Directors for approval.  ATI has
     preciously approved the initial plan. We had expected approval prior to the
     end of this year and to initiate the most next and most critical  phase,  a
     broad agreement that includes ATI, Telesis,  The exclusive launch customer,
     and our USA IR  supplier.  Delays  with our US  supplier  has  delayed  the
     decision  to proceed.  It is unclear at this time,  when we will be able to
     resolve present business issues..

     Spectrum 9000, Medical Equipment

     ATI  continues to provide  export  license  support  under a time & service
     reimbursement   agreement  with  Telesis  Technologies.   Telesis  has  not
     announced a date for  introduction of the Spectrum 9000 into the US market.
     Additional  discussions and meeting with medical  equipment  experts in the
     USA.  ATI believes  that  Telesis will become  activity in the US market in
     2003, and what role ATI will play in that activity has not been determined.

     Development Projects

     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 a formal announcement is appropriate
     without compromising the development plan and/or the application market.


     No commitment  for capital  resources  has been made during this  reporting


     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.

     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.


    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: February 25, 2003                   Advance Technologies, Inc.

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



I, Gary E. Ball, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Advance  Technologies

2. Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit 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

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report;

4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a) designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of
the disclosure controls and procedures based on our evaluation as of the
Evaluation Date;

5. The registrant's other certifying officers and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing the equivalent function):

a) all significant deficiencies in the design or operation of internal controls
which could adversely affect the registrant's ability to record, process,
summarize and report financial data and have identified for the registrant's
auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls; and

6. The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.

Date: February 27, 2003

                                              /s/ GARY E. BALL
                                                  Gary E. Ball