American International Industries (AMIN) 10-K/A 17 Apr 15 2014 FY Annual report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Apr. 15, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	American International Industries Inc
Entity Central Index Key	1073146
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,221,358
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Entity Public Float			$1,896,210

AMERICAN_INTERNATIONAL_INDUSTR

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES - Balance Sheet (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position
Cash and cash equivalents	$373,482	$670,372
Accounts receivable from related parties	0	498
Other current assets	8,144	5,754
Short-term notes receivable	0	32,000
Current portion of notes receivable	2,346,053	42,821
Real estate held for sale	6,413,635	8,421,465
Current assets of discontinued operations	2,096,841	2,932,463
Total current assets	11,238,155	12,105,373
Long-term receivables, less current portion	485,690	814,397
Oil and gas properties - subject to amortization	87,541	91,573
Oil and gas properties - not subject to amortization	341,900	91,900
Property and equipment, net of accumulated depreciation and amortization	25,415	27,188
Long-term assets of discontinued operations	409,194	1,579,962
Marketable securities - available for sale	63,250	8,000
Other assets	4,005	4,005
Total assets	12,655,150	14,722,398
Accounts payable and accrued expenses	1,232,104	392,108
Short-term notes payable	131,081	200,000
Accounts and notes payable to related parties	235,124	133,312
Current portion of long-term debt	241,902	1,153,000
Current portion of long-term debt to related parties	66,667	0
Current liabilities of discontinued operations	792,395	3,198,492
Total current liabilities	2,699,273	5,076,912
Long term liabilities of discontinued operations	2,013,640	350,818
Asset retirement obligations	5,621	6,702
Long-term debt, less current installments	454,286	0
Long-term debt to related parties, less current portion	233,333	0
Total liabilities	5,406,153	5,434,432
Preferred stock, $0.001 par value, 1,000,000 shares authorized, 1,000 and 1,000 shares issued and outstanding, respectively	1	1
Common stock, $0.001 par value, 50,000,000 authorized; 2,423,986 and 2,138,986 shares issued, respectively; and 2,418,948 and 2,133,948 shares outstanding, respectively	2,424	2,139
Additional paid-in capital	39,150,266	38,777,125
Accumulated deficit	-29,396,383	-26,981,161
Accumulated other comprehensive loss	-1,341,750	-1,397,000
Less treasury stock, at cost; 265,175 and 259,393 shares, respectively	-1,155,084	-1,210,917
Total American International Industries, Inc. equity	7,259,474	9,190,187
Non-controlling interest	-10,477	97,779
Total equity	7,248,997	9,287,966
Total liabilities and equity	$12,655,150	$14,722,398

AMERICAN_INTERNATIONAL_INDUSTR1

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES Statement of Financial Position - Parenthetical (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	1,000	1,000
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	2,423,986	2,138,986
Common stock, shares outstanding (in shares)	2,418,948	2,133,948
Treasury stock, at cost (in shares)	265,175	259,393

AMERICAN_INTERNATIONAL_INDUSTR2

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenues	$33,094	$50,355
Cost of sales	38,516	27,221
Selling, general and administrative	1,837,541	1,572,345
Impairment of real estate held for sale	797,608	43,000
Total costs and expenses	2,673,665	1,642,566
Gain (loss) on sale of assets	1,447,297	-103,174
Operating income (loss)	-1,193,274	-1,695,385
Interest and dividend income	69,506	59,553
Realized gains (losses) on the sale of trading securities, net	-267,014	252,143
Unrealized gains (losses) on trading securities, net	222,626	48,416
Interest expense	-77,064	-63,176
Other income (expense)	372,281	16,962
Total other expense	-124,917	217,066
Net income (loss) before income tax	-1,318,191	-1,478,319
Income tax expense (benefit)	0	19,641
Net loss from discontinued operations, net of income taxes	-1,204,455	-569,113
Net income (loss)	-2,522,646	-2,067,073
Net (income) loss attributable to the noncontrolling interest	107,424	282,392
Net income (loss) attributable to American International Industries, Inc.	($2,415,222)	($1,784,681)
Total	($1.09)	($1.10)
Weighted average common shares - basic and diluted	2,311,141	1,871,949

AMERICAN_INTERNATIONAL_INDUSTR3

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	($2,522,646)	($2,067,073)
Unrealized gain (loss) on marketable securities	55,250	-57,000
Total comprehensive income (loss)	-2,467,396	-2,124,073
Comprehensive (income) loss attributable to the noncontrolling interest	107,424	282,407
Comprehensive income (loss) attributable to American International Industries, Inc.	($2,359,972)	($1,841,666)

AMERICAN_INTERNATIONAL_INDUSTR4

AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net income (loss)	($2,522,646)	($2,067,073)
Depreciation and amortization	4,724	4,402
Share-based compensation	224,300	342,880
Impairment of real estate held for sale	797,608	43,000
Gain (loss) on sale of assets_1	-1,447,297	103,174
Realized (gain) loss on the sale of trading securities, net	267,014	-252,143
Unrealized (gains) losses on trading securities, net	-222,626	-48,416
Decrease (increase) in other current assets	-1,892	78,570
Decrease (increase) in accounts payable - related party	101,812	131,100
Increase (decrease) in accounts payable and accrued expenses	133,203	-350,638
Net cash used in operating activities from continuing operations	-2,220,548	-1,915,127
Purchase of trading securities	-3,656,261	-3,017,917
Purchase of oil and gas properties	-20,000	-1,575,000
Sales of trading securities	3,643,414	3,374,885
Purchase of VOMF interest in AMIH	0	-12,000
Proceeds from sale of assets	1,327,519	160,334
Purchase of property and equipment	-220,000	0
Issuance of notes receivable	0	-50,000
Proceeds from notes receivable	57,475	848,702
Net cash provided by investing activities from continuing operations	1,132,147	1,146,504
Proceeds from sale of common stock of subsidiary	0	200,000
Net borrowings under lines of credit agreements and short-term notes	450,000	0
Proceeds from related party stock subscription receivable	0	55,500
Principal payments on debt	-1,223,839	-162,000
Loans to related parties	0	-7,818
Payments for acquisition of treasury stock	-13,086	-159,110
Payments for acquisition of treasury stock-subsidiary	-1,706	-1,042
Net cash provided by (used in) financing activities from continuing operations	-788,631	-74,470
Net increase (decrease) in cash and cash equivalents from continuing operations	-296,890	-345,102
Cash and cash equivalents at beginning of period	670,372	1,015,474
Cash and cash equivalents at end of period	373,482	670,372
Interest paid	0	189,369
Taxes paid	6,660	3,149
Unrealized gain (loss) on marketable securities	55,250	-57,000
Adjustment to noncontrolling interest in AMIH and BOG	0	179,071
Conversion of note receivable - related party to real estate held for sale	0	181,000
Conversion of BOG payable owed to AMIN to equity	0	125,181
Conversion of related party for acquisition of real estate	450,000	360,000
Unpaid portion of Inez oil and gas property acquisition	230,000	0
Capitalized asset retirement obligations	2,052	6,055
Receipt of AMIN common shares for stock subscription receivable	$0	$16,500

Note_1_Summary_of_Significant_

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Note 1 - Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies
	Organization, Ownership and Business
	American International Industries, Inc. ("American"), a Nevada corporation, operates as a diversified holding company with a number of wholly-owned subsidiaries and some partially owned subsidiaries. American is a diversified corporation with interests in industrial/commercial companies and an oil and gas service business. American's business strategy is to acquire controlling equity interests in businesses that it considers undervalued. American's management takes an active role in providing its subsidiaries with access to capital, leveraging synergies and providing management expertise in order to improve its subsidiaries' growth.
	Principles of Consolidation
	The consolidated financial statements include the accounts of American and its wholly-owned subsidiaries Northeastern Plastics, Inc. ("NPI") and American International Texas Properties, Inc. ("AITP"), American International Holdings Corp. (“AMIH”), in which American holds a 93.2% shareholder interest, and Brenham Oil & Gas Corp. (“BOG”), in which American holds a 51.0% interest.  All significant intercompany transactions and balances have been eliminated in consolidation.
	Discontinued Operations
	In accordance with Accounting Standards Codification (ASC) 205-20, Presentation of Financial Statements-Discontinued Operations, American reported the results of its NPI operations as a discontinued operation.
	Reclassifications
	Certain reclassifications have been made to amounts in prior periods to conform to the current period presentation.  All reclassifications have been applied consistently to the periods presented.
	Cash and Equivalents
	American considers cash and equivalents to include cash on hand and certificates of deposits with banks with an original maturity of three months or less, that American intends to convert.
	Accounts Receivable
	Accounts receivable consist primarily of trade receivables, net of a valuation allowance for doubtful accounts.
	Allowance for Doubtful Accounts
	American extends credit to customers and other parties in the normal course of business. American regularly reviews outstanding receivables and provides for estimated losses through an allowance for doubtful accounts. In evaluating the level of established reserves, American makes judgments regarding its customers' ability to make required payments, economic events and other factors. As the financial condition of these parties change, circumstances develop or additional information becomes available, adjustments to the allowance for doubtful accounts may be required. When American determines that a customer may not be able to make required payments, American increases the allowance through a charge to income in the period in which that determination is made.
	Notes Receivable
	Notes receivable are carried at the expected net realizable value. Impairment of notes receivable is based on management's continued assessment of the collectability of debtors.
	Inventories
	Inventories are valued at the lower-of-cost or market on a first-in, first-out basis and includes the cost of the inventories and freight. American assesses the realizability of its inventories based upon specific usage and future utility. A charge to income is taken when factors that would result in a need for a reduction in the valuation, such as excess or obsolete inventory, are noted.
	Investment Securities
	American accounts for its investments in accordance with ASC 320-10, "Investments in Debt and Equity Securities." Management determines the appropriate classification of its investments in marketable securities at the time of purchase and reevaluates such determination at each balance sheet date. Securities that are bought and held principally for the purpose of selling them in the near term are classified as trading securities. Debt securities for which American does not have the intent or ability to hold to maturity and equity securities not classified as trading securities are classified as available-for-sale. The cost of investments sold is determined on the specific identification or the first-in, first-out method. Trading securities are reported at fair value with unrealized gains and losses recognized in earnings, and available-for-sale securities are also reported at fair value but unrealized gains and losses are included in stockholders' equity. Management determines fair value of its investments based on quoted market prices at each balance sheet date.
	Oil and Gas Properties, Full Cost Method
	BOG uses the full cost method of accounting for oil and gas producing activities. Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory wells used to find proved reserves, and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized.
	Under this method, all costs, including internal costs directly related to acquisition, exploration and development activities, are capitalized as oil and gas property costs. Properties not subject to amortization consist of exploration and development costs that are evaluated on a property-by-property basis. Amortization of these unproved property costs begins when the properties become proved or their values become impaired. BOG assesses overall values of unproved properties, if any, on at least an annual basis or when there has been an indication that impairment in value may have occurred.  Impairment of unproved properties is assessed based on management's intention with regard to future development of individually significant properties and the ability of BOG to obtain funds to finance their programs. If the results of an assessment indicate that the properties are impaired, the amount of the impairment is added to the capitalized costs to be amortized.
	Under this method, sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves.  If it is determined that the relationship is significantly altered, the corresponding gain or loss will be recognized in the consolidated statements of operations.
	Costs of oil and gas properties are amortized using the units of production method under this method.  Depletion expense calculated per equivalent physical unit of production amounted to $0.44 per barrel of oil equivalent for the year ended December 31, 2014.
	Ceiling Test
	In applying the full cost method, BOG performs an impairment test (ceiling test) at each reporting date, whereby the carrying value of oil and gas properties is compared to the “estimated present value” of its proved reserves discounted at a 10-percent interest rate of future net revenues, based on current economic and operating conditions at the end of the period, plus the cost of properties not being amortized, plus the lower of cost or fair market value of unproved properties included in costs being amortized, less the income tax effects related to book and tax basis differences of the properties. If capitalized costs exceed this limit, the excess is charged as an impairment expense.  During the years ended December 31, 2014 and 2013, no impairment of oil and gas properties was recorded.
	Property, Plant, Equipment, Depreciation, Amortization and Long-Lived Assets
	Long-lived assets include:
	Property, Plant and Equipment – Assets acquired in the normal course of business are recorded at original cost and may be adjusted for any additional significant improvements after purchase. We depreciate the cost evenly over the assets’ estimated useful lives. Upon retirement or sale, the cost of the assets disposed of and the related accumulated depreciation are removed from the accounts, with any resultant gain or loss being recognized as a component of other income or expense.
	Identifiable intangible assets – These assets are recorded at acquisition cost. Intangible assets with finite lives are amortized evenly over their estimated useful lives.
	At least annually, we review all long-lived assets for impairment. When necessary, we record changes for impairments of long-lived assets for the amount by which the present value of future cash flows, or some other fair value measure, is less than the carrying value of these assets.
	If the carrying amount of a reporting unit exceeds its fair value, we measure the possible goodwill impairment based upon an allocation of the estimate of fair value of the reporting unit to all of the underlying assets and liabilities of the reporting unit, including any previously unrecognized intangible assets (Step Two Analysis). The excess of the fair value of a reporting unit over the amounts assigned to its assets and liabilities (“carrying amount”) is the implied fair value of goodwill. An impairment loss is recognized to the extent that a reporting unit’s recorded goodwill exceeds the implied fair value of goodwill. At December 31, 2014 and 2013, American completed its annual impairment testing of goodwill. As of December 31, 2014, the Company determined its NPI goodwill was impaired, and recorded an impairment to write down goodwill to its estimated net realizable value of 254,798.
	Revenue Recognition
	Revenue is recognized when the earnings process is completed, the risks and rewards of ownership have transferred to the customer, which is generally the same day as delivery or shipment of the product, the price to the buyer is fixed or determinable, and collection is reasonably assured. NPI had purchase orders for all sales, of which many of the items are requested to be container shipped and shipped directly to the end users. All sales were recorded when the inventory items are shipped. Taxes assessed by a governmental authority that were incurred as a result of a revenue transaction are not included in revenues. NPI had no significant sales returns or allowances.
	BOG generally sells crude oil and natural gas under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments. Revenues are recognized when the products are delivered, which occurs when the customer has taken title and has assumed the risks and rewards of ownership, prices are fixed or determinable, and collectibility is reasonably assured.
	Revenues from the production of natural gas properties in which BOG has an interest with other producers are recognized on the basis of BOG’s net working interest. Differences between actual production and net working interest volumes are not significant.
	Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold.
	Income Taxes
	American is a taxable entity and recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to be in effect when the temporary differences reverse. The effect on the deferred tax assets and liabilities of a change in tax rates is recognized in income in the year that includes the enactment date of the rate change. A valuation allowance is used to reduce deferred tax assets to the amount that is more likely than not to be realized.  Interest and penalties associated with income taxes are included in selling, general and administrative expense.
	American has adopted ASC 740-10 “Accounting for Uncertainty in Income Taxes” which prescribes a comprehensive model of how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that the company has taken or expects to take on a tax return. ASC 740-10 states that a tax benefit from an uncertain position may be recognized if it is "more likely than not" that the position is sustainable, based upon its technical merits. The tax benefit of a qualifying position is the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all relevant information. As of December 31, 2014, American had not recorded any tax benefits from uncertain tax positions.
	Net Income (Loss) Per Common Share
	The basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number of shares outstanding during a period. Diluted net income (loss) per common share is computed by dividing the net income (loss), adjusted on an as if converted basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  For the years ended December 31, 2014 and 2013, the Company had no potential dilutive securities.
	Advertising Costs
	The cost of advertising is expensed as incurred.
	Management's Estimates and Assumptions
	The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses. Actual results could differ from these estimates.
	Stock-Based Compensation
	American sometimes grants shares of stock for goods and services and in conjunction with certain agreements. These grants are accounted for based on the grant date fair values.
	Fair Value of Financial Instruments
	Effective January 1, 2008, American adopted the framework for measuring fair value that establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
	Basis of Fair Value Measurement
	Level 1    Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2    Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the asset or the liability; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	Level 3   Unobservable inputs reflecting American's own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
	American believes that the fair value of its financial instruments comprising cash, accounts receivable, notes receivable, accounts payable, and notes payable approximate their carrying amounts.  The interest rates payable by American on its notes payable approximate market rates.  The fair values of American's Level 1 financial assets, trading securities and marketable securities - available for sale that primarily include shares of common stock in various companies, are based on quoted market prices of the identical underlying security. As of December 31, 2014 and 2013, American did not have any significant Level 2 or 3 financial assets or liabilities.
	The following tables provide fair value measurement information for American's trading securities and marketable securities - available for sale:
			As of December 31, 2014
					Fair Value Measurements Using:
			Carrying	Total	Quoted Prices		Significant Other		Significant
			Amount	Fair Value	in Active Markets		Observable Inputs		Unobservable Inputs
					(Level 1)		(Level 2)		(Level 3)
	Financial Assets:
Trading Securities		$                               -	$                       -	$                        -		$                         -		$                        -
Marketable Securities - available for sale		$                     63,250	$             63,250	$              63,250		$                         -		$                        -
	As of December 31, 2013
					Fair Value Measurements Using:
	Carrying		Total		Quoted Prices	Significant Other	Significant
	Amount		Fair Value		in Active Markets	Observable Inputs	Unobservable Inputs
					(Level 1)	(Level 2)	(Level 3)
Financial Assets:
Trading Securities	$                               -		$                        -		$                       -	$                         -	$                         -
Marketable Securities - available for sale	$                       8,000		$                8,000		$               8,000	$                         -	$                         -
Subsequent Events
American has evaluated all transactions from December 31, 2014 through the financial statement issuance date for subsequent event disclosure consideration.
New Accounting Pronouncements
In May 2014, the FASB issued an ASU addressing recognition of revenue from contracts with customers. When adopted, this guidance will supersede current revenue recognition rules currently followed by the Company. The core principle of the new ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU provides five steps for an entity to apply in recognizing revenue, including: (1) identify the customer contract; (2) identify the contractual performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the contractual performance obligations; and (5) recognize revenue when the performance obligation is satisfied. The new ASU also requires additional disclosures regarding significant contracts with customers. The new ASU will be effective for the Company on January 1, 2017, and early adoption is not permitted. For transition purposes, the new ASU permits either (a) a retrospective application to all years presented, or (b) an alternative transition method whereby the new guidance is only applied to contracts not completed at the date of initial application. The vast majority of the Company’s revenue is recognized when oil and natural gas produced by the Company is delivered and legal ownership of these products has transferred to the purchaser. Based on the Company’s present understanding, the accounting for oil and gas sales revenue is not expected to be significantly altered by the new ASU. The Company has not yet selected which transition method it will use.
In August 2014, the FASB issued an ASU requiring, when applicable, disclosures regarding uncertainties about an entity’s ability to continue as a going concern.  During the preparation of quarterly and annual financial statements, management should evaluate whether conditions or events exist that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued. If this evaluation indicates that it is probable that an entity will be unable to meet its obligations when they become due within one year of the financial statement issuance date, management must evaluate whether its mitigation plans will alleviate the substantial doubt of continuing as a going concern. If substantial doubt exists, regardless of whether the mitigation plan alleviates the concern, additional disclosures are required in the financial statements addressing the conditions or events that raise substantial doubt, management’s evaluation of the significance of those conditions or events, and management’s mitigation plans. This new guidance will become effective for the Company for all reporting periods beginning in 2016. Early application is permitted. The Company’s management currently does not expect that this new guidance will have a significant effect on its consolidated financial statements when adopted.

Note_2_Discontinued_Operations

Note 2 - Discontinued Operations	12 Months Ended
	Dec. 31, 2014
Notes
Note 2 - Discontinued Operations	Note 2 - Discontinued Operations
	During the fourth quarter of 2014, the Company determined that it would cease all operations and sell its subsidiary, NPI.  The Company’s board of directors decided that it was in the best interest of the Company to sell NPI due to substantial losses incurred by NPI.  As a result, the Company has identified the assets and liabilities of the NPI subsidiary as assets and liabilities of discontinued operations at December 31, 2014, and has segregated its operating results and presented them separately as a discontinued operation for all periods presented.
	The summarized operating results for discontinued operations is as follows:
			Year Ended December 31, 2014		Year Ended December 31, 2013
	Revenues	$	6,192,119	$	7,107,732
	Cost of revenues		-4,755,694		-5,432,424
	Selling, general and administrative		-2,038,704		-2,001,801
	Impairment of assets		-419,741		-
	Total costs and expenses		-7,214,139		(7,434,225)
	Operating loss		-1,022,020		-326,493
	Other income (expenses):
	Interest income		-		5,526
	Interest expense		-175,445		-183,631
	Income tax expense		-6,990		-8,302
	Other expense		-		-56,213
	Total other expenses		-182,435		-242,620
	Loss from discontinued operations	$	-1,204,455	$	-569,113
	Summary of assets and liabilities of discontinued operations is as follows:
			31-Dec-14		31-Dec-13
	Current assets
	Cash and cash equivalents	$	52,295	$	45,200
	Accounts receivable, net		531,604		1,359,706
	Inventories, net		1,473,363		1,495,030
	Other current assets		39,579		32,527
	Total current assets of discontinued operations	$	2,096,841	$	2,932,463
	Non-current assets
	Property and equipment, net	$	10,113	$	744,540
	Patents, trademarks and tooling, net		144,283		160,883
	Goodwill		254,798		674,539
	Total non-current assets of discontinued operations	$	409,194	$	1,579,962
	Current liabilities
	Accounts payable and accrued expenses	$	792,395	$	539,215
	Note payable		-		1,341,243
	Line of credit		-		1,318,034
	Total current liabilities of discontinued operations	$	792,395	$	3,198,492
	Long-term liabilities
	Long-term debt	$	1,512,542		314,469
	Deferred revenue		464,798		-
	Other		36,300		36,349
	Total long-term liabilities of discontinued operations	$	2,013,640	$	350,818
	The Company reviews its goodwill for impairment on an annual basis, or as events or circumstances might indicate that the carrying value of the investment may not be recoverable. As of December 31, 2014, the Company determined its NPI goodwill of $674,539 was impaired, and recorded an impairment to write down goodwill to its estimated net realizable value of 254,798. As a result, the Company recorded a one-time impairment of assets totaling $419,741, which is included in the loss from discontinued operations.
	The long-term debt of NPI of $1,512,542 is guaranteed by the Company.  See Note 9.
	On March 6, 2014, NPI, Inc. sold its office warehouse property, a 32,000 sq. ft. office warehouse facility on I-59 in Houston, Texas, to a third party. The property was sold for $1,325,000 in cash. NPI paid selling expenses of $108,314 and received cash proceeds of $1,183,101. The basis in the property and equipment sold was $727,320 on the date of the sale. Because NPI immediately leased back the warehouse from the seller upon closing, the transaction was accounted for as a sales leaseback transaction, pursuant to guidance in ASC 840, Leases. NPI recorded deferred income of $489,366 initially would be amortized to rent expense over the life of the lease. At December 31, 2014, the balance of deferred revenue is $464,798.  The lease term is 10 years and annual base rent is $121,500, and then increases by 2% each year over the 10 year life of the lease. Daniel Dror, Chairman and CEO of American, is a personal guarantor of the lease.

Note_3_Trading_Securities_and_

Note 3 - Trading Securities and Marketable Securities - Available For Sale	12 Months Ended
	Dec. 31, 2014
Notes
Note 3 - Trading Securities and Marketable Securities - Available For Sale	Note 3 - Trading Securities and Marketable Securities - Available for Sale
	Investments in equity securities primarily include shares of common stock in various companies that are bought and held principally for the purpose of selling them in the near term with the objective of generating profits on short-term differences in price. These investments are classified as trading securities and, accordingly, any unrealized changes in market values are recognized in the consolidated statements of operations. For the years ended December 31, 2014 and 2013, American had net unrealized trading losses of $222,626 and net unrealized trading losses of $48,416, respectively, related to securities held on those dates.  American recorded net realized losses of $267,014 and net realized gains of $252,143 for the years ended December 31, 2014 and 2013, respectively.
	On June 21, 2010, American received as compensation for consulting services 1,000,000 restricted shares of E-Qure Corporation (“EQUR”) (formerly ADB International Group, Inc. ("ADBI")) common stock valued at $1,370,000, based on the closing market price of $1.37 per share on that date.  On December 8, 2010, American purchased an additional 300,000 shares for $35,000. This investment is classified as marketable securities - available for sale and, accordingly, any unrealized changes in market values are recognized as other comprehensive loss.  At December 31, 2014 and 2013, this investment was valued at $63,250 (post-1 for 100 stock split), and $8,000, respectively, based on the closing market price of $1.50 and $0.05, respectively, per share on those dates.  American recognized other comprehensive losses of $55,250 for the year ended December 31, 2014, and other comprehensive losses of $57,000 for the year ended December 31, 2013 for the unrealized changes in market values for this investment.
	Equity markets can experience significant volatility and therefore are subject to changes in value. Based upon the current volatile nature of the U.S. securities markets and the decline in the U.S. economy, we believe that it is possible, that the market values of our equity securities could decline in the near term. We have a policy in place to review our equity holdings on a regular basis. Our policy includes, but is not limited to, reviewing each company’s cash position, earnings/revenue outlook, stock price performance, liquidity and management/ownership. American seeks to manage exposure to adverse equity returns in the future by potentially increasing the diversity of our securities portfolios.

Note_4_Notes_Receivable

Note 4 - Notes Receivable	12 Months Ended
	Dec. 31, 2014
Notes
Note 4 - Notes Receivable	Note 4 - Notes Receivable
	Short-term notes receivable consisted of the following:
			31-Dec-14		31-Dec-13
	Unsecured note receivable, interest at 5%	$	-	$	32,000
	Long-term notes receivables consisted of the following:
			31-Dec-14		31-Dec-13
	Unsecured note receivable for sale of a former subsidiary, Marald, Inc., due in monthly payments of $3,074, including interest at 4%, beginning July 1, 2012 through June 1, 2022 (a)	$	281,073	$	281,073
	First lien note receivable due in monthly payments of $8,333,		2,000,000		-
	including interest at 5%, principal due on or before August 25,
	2016 (b)
	Unsecured note receivable due in monthly payments of $5,000, including interest at 3%, principal due on or before April 1, 2018 (c)		570,193		595,668
	Total notes receivable		2,851,266		876,741
	Reserve due to uncertainty of collectability		-19,523		-19,523
	Subtotal		2,831,743		857,218
	Less: current portion		-2,346,053		-42,821
	Long-term notes receivable	$	485,690	$	814,397
	(a) Sale of Marald, Inc., principal and interest due monthly through June 1, 2022.  The original note was for $300,000 and was discounted to $200,000 for the receipt of full payment on or before October 25, 2007.  In July 2012, payments began under a new extension and renewal agreement for the note balance plus accrued interest, with the payment terms indicated above.  Since April 2013, no payments have been received on this note.  American has filed a lawsuit for the total amount owed plus interest and attorney’s fees.  The Company believes this receivable is fully collectible, but has classified the receivable as long-term at December 31, 2014.
	(b) First lien note receivable due August 25, 2016.  AITP sold its 174 acres in Waller County, Texas, which closed on July, 25, 2014.  In connection with the close, the Company entered into a promissory note receivable with the purchaser of the aforementioned property for $2,000,000.  This receivable was paid in full in January 2015.
	(c) Unsecured note receivable due April 1, 2018.  This note was issued for $601,300.  This note was previously owed by Southwest Gulf Coast Properties, Inc. ("SWGCP") resulting from closing costs, principal and interest paid by American on the SWGCP loan at TXCB.  In February, SWGCP obtained a judgment against Kentner Shell ("Shell"), who personally guaranteed the note, for $4,193,566 for matters related to these condominiums.  On September 30, 2011, SWGCP assigned all of its interests in this judgment to American in exchange for this note and $10.  On April 1, 2013, American and Shell executed a $620,000 note agreement whereby Shell will make monthly payments in the amount of $5,000, beginning May 1, 2013, with a balloon payment for the remaining amount owed due on or before April 1, 2018.

Note_5_Real_Estate_Held_For_Sa

Note 5 - Real Estate Held For Sale	12 Months Ended
	Dec. 31, 2014
Notes
Note 5 - Real Estate Held For Sale	Note 5 - Real Estate Held for Sale
	Real estate held for sale consisted of the following:
			31-Dec-14		31-Dec-13
	65 acres in Galveston County, Texas	$	520,382	$	520,382
	1.705 acres in Galveston County, Texas		460,000		460,000
	Two residential lots in Galveston County, Texas (a)		-		95,861
	Dawn Condominium units on the waterfront in Galveston, Texas; 6 and 7 units as of December 31, 2014 and December 31, 2013, respectively (b)		788,033		888,328
	96 acres - vacant commercial use land in Galveston County, Texas (c)		1,211,000		541,000
	22 acres - vacant mixed use land in Houston, Texas (d)		1,661,656		2,459,264
	31 acres - vacant mixed use land in Houston, Texas (e)		1,772,564		1,772,564
	174 acres in Waller County, Texas (f)		-		1,684,066
		$	6,413,635	$	8,421,465
	(a) Two residential lots in Galveston County, Texas - AITP sold its two residential lots in Galveston County, Texas, which closed on September 30, 2014, for total cash proceeds of $133,673, resulting in a total gain on sale of assets of $20,812.
	(b) Dawn Condominium units on the waterfront in Galveston, Texas - During the year ended December 31, 2014, one Dawn Condominium unit was sold for a total of $79,216, resulting in a total loss on sale of assets of $21,079.
	(c) 96 acres - vacant commercial use land in Galveston County, Texas - On June 2, 2014, the Company and Daniel Dror II entered into an agreement whereby the Company agreed to purchase the remaining 50% interest in 96 acres in Galveston, Texas for $220,000 in cash, a $300,000 five-year promissory note, and 120,000 shares of common stock valued at $150,000.
	(d) 22 acres - vacant mixed use land in Houston, Texas - On December 31, 2014, NPI transferred its 17-acre tract of land to AITP’s existing 5-acre tract, resulting in a total 22 acre-tract balance.  Subsequent to year-end, the Company sold this land for $1,750,000 (excluding costs of the transaction).  During 2014, the Company recorded a $797,608 impairment to write down the land to its estimated net realizable value.
	(e) 31 acres - vacant mixed use land in Houston, Texas - During 2013, the Company recorded a $43,000 impairment to write down the land to its estimated net realizable value.
	(f) 174 acres in Waller County, Texas - AITP sold its 174 acres in Waller County, Texas, which closed on July 25, 2014, for a total of $3,350,018, comprised of a $2,000,000 note receivable and $1,350,018 of cash proceeds, resulting in a gain on sale of assets for the year ended December 31, 2014 of $1,447,564.
	American reviewed the accounting standards Real Estate - General (ASC 970-10) and Property, Plant, and Equipment (ASC 360-10) to determine the appropriate classification for these properties.  According to ASC 970-10, real estate that is held for sale in the ordinary course of business is classified as inventory, which is a current asset.  ASC 360-10 provides the following criteria for property to be classified as held for sale:
	1)      Management with the appropriate authority commits to a plan to sell the asset;
	2)      The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;
	3)      An active program to locate a buyer and other actions required to complete the plan of sale have been initiated;
	4)      The sale of the property or asset within one year is probable and will qualify for accounting purposes as a sale;
	5)      The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and
	6)      Actions required to complete the plan of sale indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
	Management consulted with the real estate brokers for these properties and reviewed the recent interest for each property.  Based on our consultations and review, we believe that the sale of these properties within one year is probable.  We concluded that all of these criteria have been met for these properties and that they are appropriately

Note_6_Oil_and_gas_properties

Note 6 - Oil and gas properties	12 Months Ended
	Dec. 31, 2014
Notes
Note 6 - Oil and gas properties	Note 6 - Oil and Gas Properties
	The Company uses the full cost method of accounting for oil and gas producing activities. Costs to acquire mineral interests in oil and gas properties, to drill and equip exploratory wells used to find proved reserves, and to drill and equip development wells, including directly related overhead costs and related asset retirement costs are capitalized. Properties not subject to amortization consist of exploration and development costs that are evaluated on a property-by-property basis. Amortization of these unproved property costs begins when the properties become proved, or their values become impaired and the corresponding costs are added to the capitalized costs subject to amortization. During the years ended December 31, 2014 and 2013, depletion of oil and gas properties of $1,980 and $1,982, respectively, was recorded. Costs of oil and gas properties are amortized using the units of production method. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool, and generally, no gain or loss is recognized.
	In applying the full cost method, we performs an impairment test (ceiling test) at each reporting date, whereby the carrying value of oil and gas properties is compared to the “estimated present value” of its proved reserves discounted at a 10-percent interest rate of future net revenues, based on current economic and operating conditions at the end of the period, plus the cost of properties not being amortized, plus the lower of cost or fair market value of unproved properties included in costs being amortized, less the income tax effects related to book and tax basis differences of the properties. If capitalized costs exceed this limit, the excess is charged as an impairment expense. During the years ended December 31, 2014 and 2013, no impairment of oil and gas properties was recorded.
	Below are the components of oil and gas properties balance:
			As of		As of
			30-Dec-14		31-Dec-13
	Royalty interest in 24 acres in Washington County, Texas (a)	$	-	$	-
	Royalty interest in 700 acres in the Permian Basin (b)		8,400		8,400
	10% working interest in the Pierce Junction Field (c)		87,500		87,500
	Lease of 394 acres in the Gillock Field (d)		83,500		83,500
	Lease of 332 acres in Inez Prospect (e)		250,000		-
	Capitalized asset retirement costs		4,003		6,055
	Total oil and gas properties		433,403		185,455
	Accumulated depletion		-3,962		-1,982
	Net capitalized costs	$	429,441	$	183,473
	a) Royalty interest in 24 acres in Washington County, Texas - BOG has an oil and gas mineral royalty interest, covering a twenty-four acre tract of land located in Washington County, Texas, which is carried on the balance sheet at $0. The royalty interest is currently leased by Anadarko Petroleum Corporation for a term continuing until the covered minerals are no longer produced in paying quantities from the leased premises. Royalties on the minerals produced are currently incidental and paid to BOG as follows: (i) for oil and other liquid hydrocarbons, and (ii) for gas (including casing-head gas); the royalty is one-ninth of the net proceeds realized by Anadarko Petroleum Corporation on the sale thereof, less a proportionate part of ad valorem taxes and production, severance, or other excise taxes. In addition, BOG is entitled to shut-in royalties of $1 per acre of land for every ninety-day period within which one or more of the wells in leased premises, or lands pooled therewith, are capable of producing paying quantities, but such wells are either shut-in or production is not being sold.
	b) Royalty interest in 700 acres in the Permian Basin - On July 22, 2011, BOG entered into an Asset Purchase and Sale Agreement with Doug Pedrie, Davis Pedrie Associates, LLC and Energex Oil, Inc. (“Sellers”), pursuant to which BOG acquired 700 acres of unproved property located in the Permian Basin near Abilene, Texas. The agreement provided for the Sellers to complete all oil lease assignments by August 15, 2011. The purchase consideration for the acquisition is the issuance to Sellers of 2,000,000 restricted common shares of BOG, valued at $8,400, with an additional 2,000,000 restricted common shares to be issued contingent upon realization of certain production targets in 2012. On March 8, 2012, this agreement was rescinded and replaced with an agreement that in consideration for the BOG share issuance; BOG has a 2.5% overriding royalty interest in all of the leases associated with this property and any properties acquired or renewed in the future within a ten-mile radius. In addition, the contingency to issue additional shares was removed.
	c) 10% working interest in the Pierce Junction Field - On March 12, 2013, BOG entered into an agreement with an effective date of January 1, 2013, to purchase a 10% working interest in the Pierce Junction Field for $50,000 cash and a $70,000 non-interest bearing note payable due on August 31, 2013. On May 30, 2013, the holder of this note payable accepted $37,500 as full payment and BOG recorded $32,500 as a reduction in the value of the oil and gas property due to the decrease in the consideration given to acquire it.
	d) Lease of 394 acres in the Gillock Field - BOG leased 394 acres in Galveston County for the acquisition of 100% working interest in the Gillock Field from Kemah Development Texas, L.P. (“KDT”) and Daniel Dror II Trust of 2012 for $300 per acre, or $131,100 (recorded as accounts payable – related parties in the consolidated balance sheet as of December 31, 2014 and 2013) and 200,000 shares of American restricted common stock. BOG issued 3,326,316 shares of BOG restricted common stock to American as payment in full for the 200,000 shares issued by American on BOG’s behalf. In 2002, KDT paid $1,175,000 for the original 437 acres and the mineral rights to 394 acres. However, KDT assigned no value to the mineral rights. Due to the related parties having no basis in the mineral rights, BOG expensed the costs associated with the transaction, which totaled $447,100 and consisted of i) $316,000 of stock-based compensation calculated at the grant date fair value of the 3,326,316 shares of BOG common stock issued to American (which equaled the grant date fair value of the common stock American issued to KDT and the Daniel Dror II Trust) and ii) the $131,100 related party payable.
	e) Lease of 332 acres in the Inez Prospect - On January 8, 2014, BOG entered into a letter of intent with a third party to acquire a 332-acre oil and gas lease, the “Inez Prospect,” located in Victoria County, Texas, and the #1 Roberts Unit well-bore, and all the down-hole equipment and surface equipment associated therewith. On April 10, 2014, BOG and the third party entered into a prospect and lease acquisition agreement. Pursuant to the agreement, BOG has agreed to acquire 100% of the working interest for a total purchase price of $250,000, consisting of a $20,000 deposit, which was paid during the year ended December 31, 2014, and a payment of the remaining $230,000 prior to the beginning of any exploration which is recorded in accounts payable and accrued expenses at December 31, 2014. Exploration has not yet commenced.

Note_7_Property_and_Equipment

Note 7 - Property and Equipment	12 Months Ended
	Dec. 31, 2014
Notes
Note 7 - Property and Equipment	Note 7 - Property and Equipment
	Major classes of property and equipment together with their estimated useful lives, consisted of the following:
		Years		31-Dec-14		31-Dec-13
	Building and improvements	20	$	38,975	$	38,975
	Machinery and equipment	15-Jul		2,035		2,035
	Office equipment and furniture	7		101,467		101,467
	Total			142,477		142,477
	Less accumulated depreciation			-117,062		-115,289
	Net property and equipment		$	25,415	$	27,188
	Depreciation expense for the years ended December 31, 2014 and 2013 was $1,773 and $1,773, respectively.

Note_8_Debt

Note 8 - Debt	12 Months Ended
	Dec. 31, 2014
Notes
Note 8 - Debt	Note 8 - Debt
	Debt consisted of the following:
		31-Dec-14	31-Dec-13
	Note payable to a bank, due in monthly installments, including interest at 7.25% with a principal balance due on February 22, 2019, secured by real property. (a) (b) (d)	$                           317,027	$                           1,341,243
	Note payable to a bank, due in quarterly payments of interest only, with interest at 5%.  This note is paid in full.	-	1,150,000
	Note payable, due in monthly payments of $1,000, with interest at 4%. This note is paid in full.	-	3,000
	Note payable to a bank, due in monthly installments, with interest at 12.5%, with a principal balance due in February 2017, secured by the Company’s real property. (a) (c)	229,960	-
	Note payable, non-interest bearing, which was issued in exchange for shares to be purchased by the Company, secured by 17,940 shares of the Company not delivered as of December 31, 2014, the Company has entered into an escrow agreement to resolve payment of this amount	131,081	200,000
	Note payable to a bank, due in monthly installments, with interest at 12.5%, with a principal balance due in June 30, 2017, secured by the Company’s real property. (a)	149,201	-
	Subtotal	827,269		2,694,243
	Less current portion	(372,983)		(2,694,243)
	Total	$               454,286		$                                      -
	(a) Daniel Dror, Chairman and CEO of American, is a personal guarantor of these notes payable.
	(b) On February 22, 2014, the Company entered into a modification and extension agreement with the bank. In connection with this agreement, the Company paid down $1,000,000 of the note payable owed to the bank. In addition, the term of the note payable was extended from February 22, 2014 to February 22, 2019. The note as amended bears interest at 7.25% and payments of $3,941 are owed monthly for 59 months beginning March 22, 2014, and a balloon payment owed for the remainder of the note payable and interest (approximately $196,000) due February 22, 2019.
	(c) On February 24, 2014, the Company entered into a promissory note agreement. The note bears interest at 12.5% and payments of $3,444 are owed monthly for 35 months, beginning in March 2014, and a payment for the remainder of the note payable is due during the 36 th month.
	(d) On December 31, 2014, the Company transferred the note payable balance from NPI to AITP.
	Interest expense for years ended December 31, 2014 and 2013 was $77,064 and $63,176, respectively.
	Each of American's subsidiaries that have outstanding notes payable has secured such notes by that subsidiary’s inventory, accounts receivable, property and equipment and is guaranteed by American.

Note_9_Commitments_and_Conting

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Notes
Note 9 - Commitments and Contingencies	Note 9 - Commitments and Contingencies
	Legal
	American  International Industries, Inc. v. Juan Carlos Martinez. In 2002 American acquired 100% of Marald, Inc. from Juan Carlos Martinez. Mr. Martinez continued as an employee and President of Marald. A few months after the acquisition date, Mr. Martinez notified American that he would resign and demanded that Marald be sold back to him. American sold Marald to Mr. Martinez for $225,000 and two 10 year promissory notes for $300,000. In October 2007, no payments had been made, causing the notes to go into default. In May 2010, American agreed to cancel the notes in exchange for a new $300,000 personal note with Mr. Martinez. During 2013, the note entered into default status due to non-payment. Under the terms of the note, American accelerated the maturity with the entire unpaid principal balance plus all interest at a default rate of 18% is immediately due and payable. American has filed a lawsuit for the total amount owed plus interest and attorney’s fees.  The Company believes this $281,073 receivable is fully collectible, but has classified the receivable as long-term at December 31, 2014.
	American International Industries, Inc. and Daniel Dror v. Scott and Maria Wolinsky.  On October 1, 2013, American entered into a stock purchase agreement with Scott Wolinsky, a former director of American, and Maria Wolinsky, whereby American purchased the Wolinskys’ 89,540 shares of American’s common stock for cash of $130,000 and a non-interest bearing promissory note of $200,000 (the “Note”), partially secured by American shares of common stock and by the guarantee of Daniel Dror, American’s Chief Executive Officer, due on September 30, 2014.  A related treasury stock obligation in the amount of $200,000 was recorded.  Under the terms of the Note, at American’s option, it may instruct the Wolinskys to sell all or a portion of the shares in the open market, or to American, or to Mr. Dror, and apply the proceeds from such sales to any balance owed under the Note.  In the event that the Wolinskys sell the shares for more than $200,000, the Wolinskys are required to return any portion of the unsold shares back to American and any proceeds over $200,000.  The Note provides that the Wolinskys’ sole remedy under the Note is to sue for the balance of the Note in arbitration.
	As of December 31, 2013, 26,000 shares had been returned to the Company.  During 2014, 45,600 shares of American’s common stock were sold for cash of $68,919 as consideration for the Note, and an offset to the treasury stock obligation was recorded, resulting in a Note balance and treasury stock obligation of $131,081.  On September 19, 2014, the remaining balance of the original $200,000 Note was $131,081.  Mr. Dror. requested of the Wolinskys to deliver 17,940 shares of  American’s common stock to the Company’s brokerage account at Raymond James for a payment of $31,000 in order to reduce the $131,081 Note balance to $100,081.  The Wolinskys failed to comply with the request.  The remaining balance of the Note was due on September 30, 2014.  The Wolinskys filed a claim in arbitration court on October 1, 2014 alleging breach of the Note by American and Dror.  Also during 2014, American offered the Wolinskys a cash payment in the amount of $131,081 to settle all obligations in full.  However, the offer was declined by the Wolinskys, and the Wolinskys filed two new claims against American and Daniel Dror in two new District Courts of Harris County, Texas, alleging tort claims related to the Note.  By refusing to tender the remaining shares to Raymond James and by filing the claims in State Court, American and Dror believe the Wolinskys have violated the original agreement, thereby excusing American’s performance on the Note and also resulting in damages to American.  American filed a motion to dismiss under the Texans Citizen’s Participation Act, commonly referred to as Anti-“SLAPP” (Strategic Lawsuit Against Public Participation) statutes in the State Court actions, and Wolinsky subsequently dismissed both claims in the State District Courts.  The Wolinskys then added these tort claims in the arbitration.  American and Dror intend to move to dismiss those claims once again based on the SLAPP legislation.  The claims in arbitration are ongoing, and American and Daniel Dror have countersued the Wolinskys for at least $1,000,000 for breach of the original agreement.  The promissory note balance as of December 31, 2014 remained at $131,081.
	Contingent liability
	During the year ending December 31, 2014, the Company’s subsidiary, NPI, entered into a revolving line of credit agreement secured by the assets of NPI and guaranteed by Daniel Dror and the Company.  The balance owed by NPI under this line of credit was $1,512,542 as of December 31, 2014.  The Company sold NPI subsequent to year-end, but estimates that the Company will have a $300,000 obligation pursuant to its guarantee of the line of credit.  As a result, upon the transfer of the discontinued operations assets and liabilities to the new owner of NPI in January 2015, the Company expects it will record a $300,000 accrued liability for this guarantee obligation.

Note_10_Capital_Stock_and_Stoc

Note 10 - Capital Stock and Stock Options	12 Months Ended
	Dec. 31, 2014
Notes
Note 10 - Capital Stock and Stock Options	Note 10 - Capital Stock and Stock Options
	Preferred Stock
	American is authorized to issue up to 1,000,000 shares of Preferred Stock, $0.001 par value per share, of which 1,000 shares are presently outstanding. The Preferred Stock may be issued in one or more series, the terms of which may be determined at the time of issuance by the Board of Directors, without further action by stockholders, and may include voting rights (including the right to vote as a series on particular matters), preferences as to dividends and liquidation, conversion, redemption rights and sinking fund provisions.
	The Series A Preferred Stock, as amended, has the right to vote in aggregate, on all shareholder matters votes equal to 30% of the total shareholder vote on any and all shareholder matters. The Series A Preferred Stock will be entitled to this 30% voting right no matter how many shares of common stock or other voting stock of American are issued or outstanding in the future. For example, if there are 10,000 shares of American’s common stock issued and outstanding at the time of a shareholder vote, the holder of the Series A Preferred Stock (Mr. Dror), voting separately as a class, will have the right to vote an aggregate of 4,286 shares, out of a total number of 14,286 shares voting.  Additionally, American shall not adopt any amendments to American’s Bylaws, Articles of Incorporation, as amended, make any changes to the Certificate of Designations establishing the Series A Preferred Stock, or effect any reclassification of the Series A Preferred Stock, without the affirmative vote of at least 66-2/3% of the outstanding shares of Series A Preferred Stock.
	Common Stock
	American is authorized to issue up to 50,000,000 shares of Common Stock, $0.001 par value per share, of which 103,680 are reserved for issuance pursuant to the exercise of options pursuant to an employment agreement with American's Chairman and CEO.
	During the year ended December 31, 2013, in connection with the Company’s acquisition of 96 acres of land in Galveston, TX from a related party, the Company issued 300,000 shares of American restricted common stock, valued at $360,000.  During the year ending December 31, 2014, the Company issued the related party 120,000 shares valued at $150,000.   See Note 5.
	On February 28, 2013, BOG leased 394 acres in Galveston County for the acquisition of mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of 2012 for $300 per acre, or $131,100 and 200,000 shares of American restricted common stock. During the year ended December 31, 2013, BOG issued 3,326,316 shares of BOG restricted common stock to American as payment in full for the 200,000 shares issued by American on BOG’s behalf.
	On February 28, 2013, BOG announced that Bryant Mook has been appointed President and Chief Operating Officer.  Pursuant to a stock purchase agreement, during 2013, BOG issued Mr. Mook 11,050,127 shares of BOG common stock in exchange for cash proceeds of $200,000.
	On October 1, 2013, American entered into a stock purchase agreement with Scott Wolinsky, a former director of American, and Maria Wolinsky, whereby American purchased the Wolinskys’ 89,540 shares of American’s common stock for cash of $130,000 and a non-interest bearing promissory note of $200,000 (the “Note”), partially secured by American shares of common stock and by the guarantee of Daniel Dror, American’s Chief Executive Officer, due on September 30, 2014.  A related treasury stock obligation in the amount of $200,000 was recorded.  As of December 31, 2013, 26,000 shares had been returned to the Company.  During 2014, 45,600 shares of American’s common stock were sold for cash of $68,919 as consideration for the Note, and an offset to the treasury stock obligation was recorded, resulting in a Note balance and treasury stock obligation of $131,081.  Under the terms of the Note, at American’s option, it may instruct the Wolinskys to sell all or a portion of the shares in the open market, or to American, or to Mr. Dror, and apply the proceeds from such sales to any balance owed under the Note.  In the event that the Wolinskys sell the shares for more than $200,000, the Wolinskys are required to return any portion of the unsold shares back to American and any proceeds over $200,000.  The Note provides that the Wolinskys’ sole remedy under the Note is to sue for the balance of the Note in arbitration.
	During the year ended December 31, 2014, American and its subsidiaries issued the following shares:
	American issued 10,000 shares of common stock valued at $17,900 to its CEO as a bonus.
	American issued 10,000 shares of common stock valued at $17,900 for consulting services.
	American issued 10,000 shares of common stock valued at $17,900 for director fees.
	American issued 21,000 shares of common stock valued at $29,400 for legal fees.
	American issued 14,000 shares of common stock valued at $17,200 to employees for bonuses.
	American issued 100,000 shares of common stock valued $124,000 to its CEO for being the personal guarantor on Company
	loans.
	American issued 120,000 shares of common stock valued at $150,000 to a related party for acquisition of real estate.
	American repurchased 13,860 shares of its common stock for $13,086 from third parties.
	During the year ended December 31, 2013, American and its subsidiaries issued the following shares:
	American issued 21,000 shares of common stock valued at $26,880 to employees for bonuses.
	American issued 200,000 shares of common stock valued at $316,000 for the acquisition of mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of 2012.
	American received $72,000 of cash proceeds from sales of common stock that occurred during 2011.
	American repurchased 45,823 shares of its common stock for $159,110 from third parties.
	American issued 300,000 shares of common stock valued at $360,000 to a related party for acquisition of real estate.
	During the year ended December 31, 2013, American and Vision Opportunity Master Fund, Ltd. (“VOMF”) entered into a securities purchase agreement whereby American paid $12,000 in exchange for the 41,768 common shares of AMIH owned by VOMF.

Note_12_Related_Party

Note 12 - Related Party	12 Months Ended
	Dec. 31, 2014
Notes
Note 12 - Related Party	Note 12 - Related Parties
	Acquisition of land from related parties
	On July 13, 2012, the Company and Daniel Dror II entered into an agreement whereby the Company agreed to purchase from Daniel Dror II a 50% interest in 96 acres in Galveston, Texas for $1,810,000, of which $181,000 was paid immediately and the remaining $1,629,000 was due at closing.  On January 22, 2013, the terms of the land purchase were amended between the parties, and the Board of Directors of American approved the purchase of a 50% interest in 96 acres in Galveston County from Kemah Development Texas, L.P. (“KDT”), a related party, for an additional 300,000 shares of American restricted common stock, valued at $360,000.  On June 2, 2014, the Company and Daniel Dror II entered into an agreement whereby the Company agreed to purchase the remaining 50% interest in 96 acres in Galveston, Texas for $220,000 in cash, a $300,000 five-year promissory note, and 120,000 shares of common stock valued at $150,000.  Daniel Dror II is the son of Daniel Dror, American’s Chairman, Chief Executive Officer, and President. This property is recorded on the balance sheet as “Real estate held for sale” for $1,211,000 and $541,000 as of December 31, 2014 and 2013, respectively.
	Accounts payable to related parties
	On February 28, 2013, BOG leased 394 acres in Galveston County for the acquisition of mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of 2012 for $300 per acre, or $131,100 and 200,000 shares of American restricted common stock. BOG issued 3,326,316 shares of BOG restricted common stock to American as payment in full for the 200,000 shares issued by American on BOG’s behalf.  The $131,100 is payable to KDT on or before December 30, 2015.
	Cash advances
	During the year ended December 31, 2014, certain related party entities or individuals advanced the Company amounts for working capital purposes.  Dror Charitable Foundation for the Arts advanced the Company $14,024 during the year, KDT advanced the Company $30,000 during the year, and Gabriela Dror, the wife of Daniel Dror, advanced the Company $60,000 during the year.  These cash advances are non-interest bearing.
	In addition, as of December 31, 2014 and 2013, the Company owed other amounts to related parties of $0 and $2,212, respectively.

Note_13_Segment_Information

Note 13 - Segment Information	12 Months Ended
	Dec. 31, 2014
Notes
Note 13 - Segment Information	Note 13 - Segment Information
	American International Industries, Inc. is a holding company and has the following reporting segments:
	American International Holdings Corp. (“AMIH”) - a 93.2% owned subsidiary, is a non-operating company.
	American International Texas Properties, Inc. ("AITP") - a wholly-owned real estate subsidiary, with real estate holdings in Harris, Galveston, and Waller Counties in Texas.
	Brenham Oil & Gas ("BOG") - a 51.0% owned subsidiary that currently owns oil and gas properties. Through BOG, American is engaged in negotiations with financial institutions for the purpose of financing potential acquisitions of existing oil and gas properties and reserves. The Company is seeking to acquire a portfolio of oil and gas assets in North America and West Africa and large oil concessions in West Africa.
	Corporate overhead - American's investment holdings including financing current operations and expansion of its current holdings as well as evaluating the feasibility of entering into additional businesses.
	The accounting policies of the segments are the same as those described in the summary of significant accounting policies. American evaluates performances based on profit or loss from operations before income taxes, not including nonrecurring gains and losses and foreign exchange gains and losses. American's reportable segments are strategic business units that offer different technology and marketing strategies. Most of the businesses were acquired as subsidiaries and the management at the time of the acquisition was retained. American's areas of operations are principally in the United States. No single foreign country or geographic area is currently significant to the consolidated financial statements.
	Consolidated revenues from external customers, operating loss, depreciation and amortization expense, interest expense, capital expenditures, and identifiable assets were as follows:
		For the Year Ended December 31,
			2014		2013
	Revenues:
	BOG	$	33,094		36,483
	AITP		-		13,872
	Total revenues	$	33,094		50,355
				$
	Operating income (loss) from continuing operations:
	AMIH	$	-134,368	$	-170,439
	AITP		790,213		-197,980
	BOG		-201,781		-621,847
	Corporate		-1,647,338		-270,987
	Operating loss from continuing operations	$	-1,193,274	$	-1,261,253
	Other income (expenses) from continuing operations		-124,917		-217,066
	Net loss from continuing operations before income tax	$	-1,318,191	$	-1,478,319
	Depreciation, depletion and amortization:
	BOG	$	2,951	$	2,629
	Corporate		1,773		1,773
	Total depreciation and amortization	$	4,724	$	4,402
			For the Year Ended December 31,
			2014		2013
	Interest expense:
	AITP	$	7,500	$	-
	Corporate		69,564		63,176
	Total interest expense	$	77,064	$	63,176
	Capital expenditures:
	BOG	$	20,000	$	171,000
	Total capital expenditures	$	20,000	$	171,000
			31-Dec-14		31-Dec-13
	Identifiable assets:
	AITP	$	8,127,326	$	7,309,106
	AMIH		120		-
	BOG		435,441		193,432
	Corporate		1,586,228		2,707,435
	Total identifiable assets	$	10,149,115	$	10,209,973

Note_1_Summary_of_Significant_1

Note 1 - Summary of Significant Accounting Policies: Organization, Ownership and Business (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Organization, Ownership and Business	Organization, Ownership and Business
	American International Industries, Inc. ("American"), a Nevada corporation, operates as a diversified holding company with a number of wholly-owned subsidiaries and some partially owned subsidiaries. American is a diversified corporation with interests in industrial/commercial companies and an oil and gas service business. American's business strategy is to acquire controlling equity interests in businesses that it considers undervalued. American's management takes an active role in providing its subsidiaries with access to capital, leveraging synergies and providing management expertise in order to improve its subsidiaries' growth.

Note_1_Summary_of_Significant_2

Note 1 - Summary of Significant Accounting Policies: Principles of Consolidation (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of American and its wholly-owned subsidiaries Northeastern Plastics, Inc. ("NPI") and American International Texas Properties, Inc. ("AITP"), American International Holdings Corp. (“AMIH”), in which American holds a 93.2% shareholder interest, and Brenham Oil & Gas Corp. (“BOG”), in which American holds a 51.0% interest.  All significant intercompany transactions and balances have been eliminated in consolidation.

Note_1_Summary_of_Significant_3

Note 1 - Summary of Significant Accounting Policies: Reclassifications (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Cash and cash equivalents	Cash and Equivalents
	American considers cash and equivalents to include cash on hand and certificates of deposits with banks with an original maturity of three months or less, that American intends to convert.

Note_1_Summary_of_Significant_4

Note 1 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Net Income (loss) Per Share	Net Income (Loss) Per Common Share
	The basic net income (loss) per common share is computed by dividing the net income (loss) by the weighted average number of shares outstanding during a period. Diluted net income (loss) per common share is computed by dividing the net income (loss), adjusted on an as if converted basis, by the weighted average number of common shares outstanding plus potential dilutive securities.  For the years ended December 31, 2014 and 2013, the Company had no potential dilutive securities.

Note_1_Summary_of_Significant_5

Note 1 - Summary of Significant Accounting Policies: Management's Estimates and Assumptions (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Management's Estimates and Assumptions	Fair Value of Financial Instruments
	Effective January 1, 2008, American adopted the framework for measuring fair value that establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:

Note_1_Summary_of_Significant_6

Note 1 - Summary of Significant Accounting Policies: Basis of Fair Value Measurement (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Basis of Fair Value Measurement	Basis of Fair Value Measurement
	Level 1    Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2    Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the asset or the liability; or inputs that are derived principally from or corroborated by observable market data by correlation or other means.
	Level 3   Unobservable inputs reflecting American's own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.
	American believes that the fair value of its financial instruments comprising cash, accounts receivable, notes receivable, accounts payable, and notes payable approximate their carrying amounts.  The interest rates payable by American on its notes payable approximate market rates.  The fair values of American's Level 1 financial assets, trading securities and marketable securities - available for sale that primarily include shares of common stock in various companies, are based on quoted market prices of the identical underlying security. As of December 31, 2014 and 2013, American did not have any significant Level 2 or 3 financial assets or liabilities.
	The following tables provide fair value measurement information for American's trading securities and marketable securities - available for sale:
			As of December 31, 2014
					Fair Value Measurements Using:
			Carrying	Total	Quoted Prices		Significant Other		Significant
			Amount	Fair Value	in Active Markets		Observable Inputs		Unobservable Inputs
					(Level 1)		(Level 2)		(Level 3)
	Financial Assets:
	Trading Securities		$                               -	$                       -	$                        -		$                         -		$                        -
	Marketable Securities - available for sale		$                     63,250	$             63,250	$              63,250		$                         -		$                        -
		As of December 31, 2013
						Fair Value Measurements Using:
		Carrying		Total		Quoted Prices	Significant Other	Significant
		Amount		Fair Value		in Active Markets	Observable Inputs	Unobservable Inputs
						(Level 1)	(Level 2)	(Level 3)
	Financial Assets:
	Trading Securities	$                               -		$                        -		$                       -	$                         -	$                         -
	Marketable Securities - available for sale	$                       8,000		$                8,000		$               8,000	$                         -	$                         -

Note_1_Summary_of_Significant_7

Note 1 - Summary of Significant Accounting Policies: Subsequent Events (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
Subsequent Events	Subsequent Events
	American has evaluated all transactions from December 31, 2014 through the financial statement issuance date for subsequent event disclosure consideration.

Note_1_Summary_of_Significant_8

Note 1 - Summary of Significant Accounting Policies: New Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2014
Policies
New Accounting Pronouncements	New Accounting Pronouncements
	In May 2014, the FASB issued an ASU addressing recognition of revenue from contracts with customers. When adopted, this guidance will supersede current revenue recognition rules currently followed by the Company. The core principle of the new ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU provides five steps for an entity to apply in recognizing revenue, including: (1) identify the customer contract; (2) identify the contractual performance obligations; (3) determine the transaction price; (4) allocate the transaction price to the contractual performance obligations; and (5) recognize revenue when the performance obligation is satisfied. The new ASU also requires additional disclosures regarding significant contracts with customers. The new ASU will be effective for the Company on January 1, 2017, and early adoption is not permitted. For transition purposes, the new ASU permits either (a) a retrospective application to all years presented, or (b) an alternative transition method whereby the new guidance is only applied to contracts not completed at the date of initial application. The vast majority of the Company’s revenue is recognized when oil and natural gas produced by the Company is delivered and legal ownership of these products has transferred to the purchaser. Based on the Company’s present understanding, the accounting for oil and gas sales revenue is not expected to be significantly altered by the new ASU. The Company has not yet selected which transition method it will use.
	In August 2014, the FASB issued an ASU requiring, when applicable, disclosures regarding uncertainties about an entity’s ability to continue as a going concern.  During the preparation of quarterly and annual financial statements, management should evaluate whether conditions or events exist that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued. If this evaluation indicates that it is probable that an entity will be unable to meet its obligations when they become due within one year of the financial statement issuance date, management must evaluate whether its mitigation plans will alleviate the substantial doubt of continuing as a going concern. If substantial doubt exists, regardless of whether the mitigation plan alleviates the concern, additional disclosures are required in the financial statements addressing the conditions or events that raise substantial doubt, management’s evaluation of the significance of those conditions or events, and management’s mitigation plans. This new guidance will become effective for the Company for all reporting periods beginning in 2016. Early application is permitted. The Company’s management currently does not expect that this new guidance will have a significant effect on its consolidated financial statements when adopted.

Note_4_Notes_Receivable_Notes_

Note 4 - Notes Receivable: Notes Receivable (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Notes Receivable	Long-term notes receivables consisted of the following:
			31-Dec-14		31-Dec-13
	Unsecured note receivable for sale of a former subsidiary, Marald, Inc., due in monthly payments of $3,074, including interest at 4%, beginning July 1, 2012 through June 1, 2022 (a)	$	281,073	$	281,073
	First lien note receivable due in monthly payments of $8,333,		2,000,000		-
	including interest at 5%, principal due on or before August 25,
	2016 (b)
	Unsecured note receivable due in monthly payments of $5,000, including interest at 3%, principal due on or before April 1, 2018 (c)		570,193		595,668
	Total notes receivable		2,851,266		876,741
	Reserve due to uncertainty of collectability		-19,523		-19,523
	Subtotal		2,831,743		857,218
	Less: current portion		-2,346,053		-42,821
	Long-term notes receivable	$	485,690	$	814,397
	(a) Sale of Marald, Inc., principal and interest due monthly through June 1, 2022.  The original note was for $300,000 and was discounted to $200,000 for the receipt of full payment on or before October 25, 2007.  In July 2012, payments began under a new extension and renewal agreement for the note balance plus accrued interest, with the payment terms indicated above.  Since April 2013, no payments have been received on this note.  American has filed a lawsuit for the total amount owed plus interest and attorney’s fees.  The Company believes this receivable is fully collectible, but has classified the receivable as long-term at December 31, 2014.
	(b) First lien note receivable due August 25, 2016.  AITP sold its 174 acres in Waller County, Texas, which closed on July, 25, 2014.  In connection with the close, the Company entered into a promissory note receivable with the purchaser of the aforementioned property for $2,000,000.  This receivable was paid in full in January 2015.
	(c) Unsecured note receivable due April 1, 2018.  This note was issued for $601,300.  This note was previously owed by Southwest Gulf Coast Properties, Inc. ("SWGCP") resulting from closing costs, principal and interest paid by American on the SWGCP loan at TXCB.  In February, SWGCP obtained a judgment against Kentner Shell ("Shell"), who personally guaranteed the note, for $4,193,566 for matters related to these condominiums.  On September 30, 2011, SWGCP assigned all of its interests in this judgment to American in exchange for this note and $10.  On April 1, 2013, American and Shell executed a $620,000 note agreement whereby Shell will make monthly payments in the amount of $5,000, beginning May 1, 2013, with a balloon payment for the remaining amount owed due on or before April 1, 2018.

Note_5_Real_Estate_Held_For_Sa1

Note 5 - Real Estate Held For Sale: Real estate held for sale (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Real estate held for sale	Real estate held for sale consisted of the following:
			31-Dec-14		31-Dec-13
	65 acres in Galveston County, Texas	$	520,382	$	520,382
	1.705 acres in Galveston County, Texas		460,000		460,000
	Two residential lots in Galveston County, Texas (a)		-		95,861
	Dawn Condominium units on the waterfront in Galveston, Texas; 6 and 7 units as of December 31, 2014 and December 31, 2013, respectively (b)		788,033		888,328
	96 acres - vacant commercial use land in Galveston County, Texas (c)		1,211,000		541,000
	22 acres - vacant mixed use land in Houston, Texas (d)		1,661,656		2,459,264
	31 acres - vacant mixed use land in Houston, Texas (e)		1,772,564		1,772,564
	174 acres in Waller County, Texas (f)		-		1,684,066
		$	6,413,635	$	8,421,465
	(a) Two residential lots in Galveston County, Texas - AITP sold its two residential lots in Galveston County, Texas, which closed on September 30, 2014, for total cash proceeds of $133,673, resulting in a total gain on sale of assets of $20,812.
	(b) Dawn Condominium units on the waterfront in Galveston, Texas - During the year ended December 31, 2014, one Dawn Condominium unit was sold for a total of $79,216, resulting in a total loss on sale of assets of $21,079.
	(c) 96 acres - vacant commercial use land in Galveston County, Texas - On June 2, 2014, the Company and Daniel Dror II entered into an agreement whereby the Company agreed to purchase the remaining 50% interest in 96 acres in Galveston, Texas for $220,000 in cash, a $300,000 five-year promissory note, and 120,000 shares of common stock valued at $150,000.
	(d) 22 acres - vacant mixed use land in Houston, Texas - On December 31, 2014, NPI transferred its 17-acre tract of land to AITP’s existing 5-acre tract, resulting in a total 22 acre-tract balance.  Subsequent to year-end, the Company sold this land for $1,750,000 (excluding costs of the transaction).  During 2014, the Company recorded a $797,608 impairment to write down the land to its estimated net realizable value.
	(e) 31 acres - vacant mixed use land in Houston, Texas - During 2013, the Company recorded a $43,000 impairment to write down the land to its estimated net realizable value.
	(f) 174 acres in Waller County, Texas - AITP sold its 174 acres in Waller County, Texas, which closed on July 25, 2014, for a total of $3,350,018, comprised of a $2,000,000 note receivable and $1,350,018 of cash proceeds, resulting in a gain on sale of assets for the year ended December 31, 2014 of $1,447,564.

Note_6_Oil_and_gas_properties_

Note 6 - Oil and gas properties (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Oil and gas properties	Below are the components of oil and gas properties balance:
			As of		As of
			30-Dec-14		31-Dec-13
	Royalty interest in 24 acres in Washington County, Texas (a)	$	-	$	-
	Royalty interest in 700 acres in the Permian Basin (b)		8,400		8,400
	10% working interest in the Pierce Junction Field (c)		87,500		87,500
	Lease of 394 acres in the Gillock Field (d)		83,500		83,500
	Lease of 332 acres in Inez Prospect (e)		250,000		-
	Capitalized asset retirement costs		4,003		6,055
	Total oil and gas properties		433,403		185,455
	Accumulated depletion		-3,962		-1,982
	Net capitalized costs	$	429,441	$	183,473
	a) Royalty interest in 24 acres in Washington County, Texas - BOG has an oil and gas mineral royalty interest, covering a twenty-four acre tract of land located in Washington County, Texas, which is carried on the balance sheet at $0. The royalty interest is currently leased by Anadarko Petroleum Corporation for a term continuing until the covered minerals are no longer produced in paying quantities from the leased premises. Royalties on the minerals produced are currently incidental and paid to BOG as follows: (i) for oil and other liquid hydrocarbons, and (ii) for gas (including casing-head gas); the royalty is one-ninth of the net proceeds realized by Anadarko Petroleum Corporation on the sale thereof, less a proportionate part of ad valorem taxes and production, severance, or other excise taxes. In addition, BOG is entitled to shut-in royalties of $1 per acre of land for every ninety-day period within which one or more of the wells in leased premises, or lands pooled therewith, are capable of producing paying quantities, but such wells are either shut-in or production is not being sold.
	b) Royalty interest in 700 acres in the Permian Basin - On July 22, 2011, BOG entered into an Asset Purchase and Sale Agreement with Doug Pedrie, Davis Pedrie Associates, LLC and Energex Oil, Inc. (“Sellers”), pursuant to which BOG acquired 700 acres of unproved property located in the Permian Basin near Abilene, Texas. The agreement provided for the Sellers to complete all oil lease assignments by August 15, 2011. The purchase consideration for the acquisition is the issuance to Sellers of 2,000,000 restricted common shares of BOG, valued at $8,400, with an additional 2,000,000 restricted common shares to be issued contingent upon realization of certain production targets in 2012. On March 8, 2012, this agreement was rescinded and replaced with an agreement that in consideration for the BOG share issuance; BOG has a 2.5% overriding royalty interest in all of the leases associated with this property and any properties acquired or renewed in the future within a ten-mile radius. In addition, the contingency to issue additional shares was removed.
	c) 10% working interest in the Pierce Junction Field - On March 12, 2013, BOG entered into an agreement with an effective date of January 1, 2013, to purchase a 10% working interest in the Pierce Junction Field for $50,000 cash and a $70,000 non-interest bearing note payable due on August 31, 2013. On May 30, 2013, the holder of this note payable accepted $37,500 as full payment and BOG recorded $32,500 as a reduction in the value of the oil and gas property due to the decrease in the consideration given to acquire it.
	d) Lease of 394 acres in the Gillock Field - BOG leased 394 acres in Galveston County for the acquisition of 100% working interest in the Gillock Field from Kemah Development Texas, L.P. (“KDT”) and Daniel Dror II Trust of 2012 for $300 per acre, or $131,100 (recorded as accounts payable – related parties in the consolidated balance sheet as of December 31, 2014 and 2013) and 200,000 shares of American restricted common stock. BOG issued 3,326,316 shares of BOG restricted common stock to American as payment in full for the 200,000 shares issued by American on BOG’s behalf. In 2002, KDT paid $1,175,000 for the original 437 acres and the mineral rights to 394 acres. However, KDT assigned no value to the mineral rights. Due to the related parties having no basis in the mineral rights, BOG expensed the costs associated with the transaction, which totaled $447,100 and consisted of i) $316,000 of stock-based compensation calculated at the grant date fair value of the 3,326,316 shares of BOG common stock issued to American (which equaled the grant date fair value of the common stock American issued to KDT and the Daniel Dror II Trust) and ii) the $131,100 related party payable.

Note_13_Segment_Information_Se

Note 13 - Segment Information: Segment reporting information (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Segment reporting information	Consolidated revenues from external customers, operating loss, depreciation and amortization expense, interest expense, capital expenditures, and identifiable assets were as follows:
		For the Year Ended December 31,
			2014		2013
	Revenues:
	BOG	$	33,094		36,483
	AITP		-		13,872
	Total revenues	$	33,094		50,355
				$
	Operating income (loss) from continuing operations:
	AMIH	$	-134,368	$	-170,439
	AITP		790,213		-197,980
	BOG		-201,781		-621,847
	Corporate		-1,647,338		-270,987
	Operating loss from continuing operations	$	-1,193,274	$	-1,261,253
	Other income (expenses) from continuing operations		-124,917		-217,066
	Net loss from continuing operations before income tax	$	-1,318,191	$	-1,478,319
	Depreciation, depletion and amortization:
	BOG	$	2,951	$	2,629
	Corporate		1,773		1,773
	Total depreciation and amortization	$	4,724	$	4,402
			For the Year Ended December 31,
			2014		2013
	Interest expense:
	AITP	$	7,500	$	-
	Corporate		69,564		63,176
	Total interest expense	$	77,064	$	63,176
	Capital expenditures:
	BOG	$	20,000	$	171,000
	Total capital expenditures	$	20,000	$	171,000
			31-Dec-14		31-Dec-13
	Identifiable assets:
	AITP	$	8,127,326	$	7,309,106
	AMIH		120		-
	BOG		435,441		193,432
	Corporate		1,586,228		2,707,435
	Total identifiable assets	$	10,149,115	$	10,209,973