SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                               ------------------


                         Date of Report: August 22, 2003


                       KRONOS ADVANCED TECHNOLOGIES, INC.
                       ----------------------------------
               (Exact Name of Registrant as Specified in Charter)



               NEVADA                             000-30191                         87-0440410
               ------                             ---------                         ----------
                                                                   
  (State or other jurisdiction of          (Commission File Number)      (IRS Employer Identification No.)
           incorporation)


464 COMMON STREET, SUITE 301, BELMONT, MASSACHUSETTS                                    02478
----------------------------------------------------                                    -----
(Address of principal executive offices)                                             (Zip code)


Registrant's telephone number, including area code:                                (617) 993-9965
                                                                                   --------------










ITEM 4.  CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

         (A)  PREVIOUS INDEPENDENT ACCOUNTANTS

         (1)  (i)  Effective August 22, 2003, Kronos Advanced Technologies, Inc.
(the  "REGISTRANT")  dismissed  Grant  Thornton  LLP ("GRANT  THORNTON")  as its
independent certified public accountants.

              (ii)  Grant  Thornton's  report  on  the  Registrant's   financial
statements for the past two fiscal years did not contain an adverse opinion or a
disclaimer of opinion, and was not qualified as to uncertainty,  audit scope, or
accounting   principles;   however,  the  report  was  modified  to  include  an
explanatory  paragraph wherein Grant Thornton expressed  substantial doubt about
the Registrant's ability to continue as a going concern.

              (iii) The change of  independent  accountants  was approved by the
Registrant's Board of Directors on August 18, 2003.

              (iv) During the Registrant's most recent two fiscal years, as well
as the  subsequent  interim  period  through  August  22,  2003,  there  were no
disagreements  on any matter of accounting  principles  or practices,  financial
statement  disclosure,  or auditing scope or procedures,  which disagreements if
not resolved to their  satisfaction  would have caused them to make reference in
connection with their opinion to the subject matter of the disagreement.

              (v) During the Registrant's  most recent two fiscal years, as well
as the subsequent interim period through August 22, 2003, Grant Thornton did not
advise the Registrant of any of the matters identified in paragraph (a)(1)(v) of
Item 304 of Regulation S-K.

              (vi) The Registrant  requested  Grant Thornton to furnish a letter
addressed to the SEC,  stating whether it agrees with the statements made by the
Registrant and, if not, stating the respects in which it does not agree.

         (B)  NEW INDEPENDENT ACCOUNTANTS

         On August 22, 2003, the Registrant engaged Sherb & Company, LLP ("SHERB
& COMPANY") as its  principal  accountant  to audit the  Registrant's  financial
statements.  The  Registrant  did not  consult  Sherb & Company  on any  matters
described in paragraph  (a)(2)(i) or (ii) of Item 304 of  Regulation  S-K during
the Registrant's  two most recent fiscal years or any subsequent  interim period
prior to  engaging  Sherb &  Company.  The  Registrant  intends  to have Sherb &
Company  review  the  Registrant's  Quarterly  Reports  on Form  10-QSB  for the
quarters ended September 30, 2002, December 31, 2002 and March 31, 2003, as well
as audit the Registrant's financial statements for the year ended June 30, 2003.


ITEM 7.  EXHIBITS

Exhibit 99.1     Letter dated August 22, 2003, from Grant Thornton LLP


                                       2



                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: August 27, 2003             KRONOS ADVANCED TECHNOLOGIES, INC.

                                   By: /s/ Daniel R. Dwight
                                      ------------------------------------------
                                   Name:  Daniel R. Dwight
                                   Its:   President and Chief Executive Officer






                                       3