UNITED STATES
                       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 (Date of earliest event reported)   January 30, 2006


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


          COLORADO                     0-15224                 84-0969445
(State or other jurisdiction         (Commission            (I.R.S. Employer
     of incorporation)              File Number)          Identification Number)


7334 So. Alton Way, Bldg. 14, Suite F, Centennial, Colorado      80112
        (Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code:  (303)267-0111


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

Item 4.01  Changes in Registrant's Certifying Accountant

      Effective  January 30, 2006,  the firm of Hein + Associates  LLP ("Hein"),
the Company's  independent  accountant during the period from August 17, 1995 to
January 30, 2006, has ceased being the Company's independent  accountants due to
Hein's   staffing   requirements   necessitated  by   Sarbanes-Oxley   reporting
requirements  of its client  base.  Hein had  audited our  financial  statements
beginning  with the year ended June 30, 1995  through the fiscal year ended June
30, 2005.

      In connection  with the audit of our  financial  statements as of June 30,
2005 and 2004, and through the date of this Report,  there were no disagreements
with  Hein on any  matter  of  accounting  principles  or  practices,  financial
statement disclosure, or auditing scope of procedures,  which disagreements,  if
not  resolved  to the  satisfaction  of Hein,  would  have  caused  them to make
reference  in  connection  with  its  reports  to  the  subject  matter  of  the
disagreements.  In addition,  during the  Company's two most recent fiscal years
and  subsequent  interim  periods,  no  reportable  events,  as  defined in Item
304(a)(1)(v) of Regulation S-K, occurred.

      Except as noted in the following sentence, the audit report of Hein on our
financial  statements as of June 30, 2005 and June 30, 2004,  did not contain an
adverse opinion or disclaimer of opinion, nor was it qualified or modified as to
uncertainty audit scope, or accounting principles.  However, as disclosed in our
Form 10-KSB for our fiscal year ended June 30,  2005,  Hein in its audit  report
dated  September 9, 2005 included an  explanatory  paragraph  regarding  Advance
Display  Technologies,  Inc.'s ability to continue as a going  concern.  For the
fiscal  year  ended June 30,  2005,  the audit  report  included  the  following
statement:

      The accompanying financial statements have been prepared assuming that the
      Company will  continue as a going  concern.  As discussed in Note 1 to the
      financial  statements,  the Company has incurred  substantial  losses from
      operations,  has negative working capital and is in the development stage.
      These  factors  raise  substantial  doubt about the  Company's  ability to
      continue  as a going  concern.  Management's  plans  with  regard to these
      matters are described in Note 1. The  financial  statements do not include
      any adjustments that might result from the outcome of these uncertainties.

      Hein was  provided  with a copy of this  Form 8-K  prior to the  Company's
filing it with the Securities and Exchange  Commission  ("SEC") and was asked to
furnish the Company with a letter addressed to the SEC stating whether it agrees
with the above statements.  A copy of Hein's letter,  dated February 2, 2006, is
filed as Exhibit 16.1 to this Form 8-K.

      In addition,  effective  January 30, 2006,  we retained AJ.  Robbins,  PC,
Certified Public Accountants ("Robbins"),  to audit our financial statements for
the year ending June 30, 2006 and will include such report as part of our annual
report  on Form  10-KSB  for our year  ending  June 30,  2006.  This  change  in
independent  accountants  was approved by our Board of  Directors  acting as the
Company's  Audit  Committee.  During the years ended June 30, 2005 and 2004, and
through the date of this  Report,  neither the Company nor anyone  acting on its
behalf  consulted with Robbins  regarding any of the matters or events set forth
in Item 304(a)(2)(i) or (ii) of Regulation S-B.

                                       2
<PAGE>

Item 9.01  Financial Statements and Exhibits

      (c) Exhibits

      Exhibit No.

            16.1  Letter from Hein + Associates LLP dated February 2, 2006.

                                       3
<PAGE>


                                    SIGNATURE

      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.



                                            ADVANCE DISPLAY TECHNOLOGIES, INC.
                                            ----------------------------------
                                                       (Registrant)

Date  February 2, 2006
                                            By:/s/Matthew W. Shankle
                                               -------------------------------
                                               Matthew W. Shankle, President

                                       4
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UNITED STATES
                       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 (Date of earliest event reported)   January 30, 2006

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

          COLORADO                     0-15224                 84-0969445
(State or other jurisdiction         (Commission            (I.R.S. Employer
     of incorporation)              File Number)          Identification Number)

7334 So. Alton Way, Bldg. 14, Suite F, Centennial, Colorado      80112
        (Address of principal executive offices)               (Zip Code)

Registrant's telephone number, including area code:  (303)267-0111

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

|_|   Written  communications  pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))
Item 4.01  Changes in Registrant's Certifying Accountant

      Effective  January 30, 2006,  the firm of Hein + Associates  LLP ("Hein"),
the Company's  independent  accountant during the period from August 17, 1995 to
January 30, 2006, has ceased being the Company's independent  accountants due to
Hein's   staffing   requirements   necessitated  by   Sarbanes-Oxley   reporting
requirements  of its client  base.  Hein had  audited our  financial  statements
beginning  with the year ended June 30, 1995  through the fiscal year ended June
30, 2005.

      In connection  with the audit of our  financial  statements as of June 30,
2005 and 2004, and through the date of this Report,  there were no disagreements
with  Hein on any  matter  of  accounting  principles  or  practices,  financial
statement disclosure, or auditing scope of procedures,  which disagreements,  if
not  resolved  to the  satisfaction  of Hein,  would  have  caused  them to make
reference  in  connection  with  its  reports  to  the  subject  matter  of  the
disagreements.  In addition,  during the  Company's two most recent fiscal years
and  subsequent  interim  periods,  no  reportable  events,  as  defined in Item
304(a)(1)(v) of Regulation S-K, occurred.

      Except as noted in the following sentence, the audit report of Hein on our
financial  statements as of June 30, 2005 and June 30, 2004,  did not contain an
adverse opinion or disclaimer of opinion, nor was it qualified or modified as to
uncertainty audit scope, or accounting principles.  However, as disclosed in our
Form 10-KSB for our fiscal year ended June 30,  2005,  Hein in its audit  report
dated  September 9, 2005 included an  explanatory  paragraph  regarding  Advance
Display  Technologies,  Inc.'s ability to continue as a going  concern.  For the
fiscal  year  ended June 30,  2005,  the audit  report  included  the  following
statement:

      The accompanying financial statements have been prepared assuming that the
      Company will  continue as a going  concern.  As discussed in Note 1 to the
      financial  statements,  the Company has incurred  substantial  losses from
      operations,  has negative working capital and is in the development stage.
      These  factors  raise  substantial  doubt about the  Company's  ability to
      continue  as a going  concern.  Management's  plans  with  regard to these
      matters are described in Note 1. The  financial  statements do not include
      any adjustments that might result from the outcome of these uncertainties.

      Hein was  provided  with a copy of this  Form 8-K  prior to the  Company's
filing it with the Securities and Exchange  Commission  ("SEC") and was asked to
furnish the Company with a letter addressed to the SEC stating whether it agrees
with the above statements.  A copy of Hein's letter,  dated February 2, 2006, is
filed as Exhibit 16.1 to this Form 8-K.

      In addition,  effective  January 30, 2006,  we retained AJ.  Robbins,  PC,
Certified Public Accountants ("Robbins"),  to audit our financial statements for
the year ending June 30, 2006 and will include such report as part of our annual
report  on Form  10-KSB  for our year  ending  June 30,  2006.  This  change  in
independent  accountants  was approved by our Board of  Directors  acting as the
Company's  Audit  Committee.  During the years ended June 30, 2005 and 2004, and
through the date of this  Report,  neither the Company nor anyone  acting on its
behalf  consulted with Robbins  regarding any of the matters or events set forth
in Item 304(a)(2)(i) or (ii) of Regulation S-B.

                                       2
Item 9.01  Financial Statements and Exhibits

      (c) Exhibits

      Exhibit No.

            16.1  Letter from Hein + Associates LLP dated February 2, 2006.

                                       3
SIGNATURE

      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.

                                            ADVANCE DISPLAY TECHNOLOGIES, INC.
                                            ----------------------------------
                                                       (Registrant)

Date  February 2, 2006
                                            By:/s/Matthew W. Shankle
                                               -------------------------------
                                               Matthew W. Shankle, President

                                       4