XML 112 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
AMERICAN INTERNATIONAL INDUSTRIES, INC. AND SUBSIDIARIES - Balance Sheet (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,016,454 $ 869,246
Trading securities   155,600
Accounts receivable from related parties 2,494 0
Accounts receivable, less allowance for doubtful accounts of $36,805 and $24,290 2,185,839 1,211,000
Notes receivable - related party 181,000  
Short-term notes receivable 0 62,500
Current portion of notes receivable 1,325,851 320,359
Inventories, net 1,832,304 1,905,015
Real estate held for sale 7,031,614 7,915,512
Prepaid expenses and other current assets 62,340 77,782
Assets held for sale - Current 0 3,577,340
Total current assets 13,637,896 16,094,354
Long-term receivables, less current portion 57,891 296,300
Oil and gas properties - not subject to amortization 8,400 8,400
Property and equipment, net of accumulated depreciation and amortization 1,971,766 2,028,532
Goodwill 674,539 674,539
Patents, trademarks and tooling, net of accumulated amortization 158,982 44,910
Marketable securities - available for sale 65,000 7,800
Other assets 4,005 4,005
Assets held for sale - Long-term 0 1,707,686
Total assets 16,578,479 20,866,526
Current liabilities:    
Accounts payable and accrued expenses 1,303,761 1,933,212
Bank overdrafts 80,598 26,596
Short-term notes payable   145,719
Accounts and notes payable to related parties 12,026 6,497
Current installments of long-term debt 3,002,362 2,045,359
Liabilities associated with assets held for sale - Current 0 2,763,857
Total current liabilities 4,398,747 6,921,240
Accrued pension expense 48,708 56,277
Long-term debt, less current installments 1,303,000 1,374,955
Liabilities associated with assets held for sale - Long-term 0 49,843
Total liabilities 5,750,455 8,402,315
Commitments and contingencies      
Equity:    
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; 1,619,714 and 1,601,714 shares issued, respectively; and 1,406,144 and 1,536,471 shares outstanding, respectively 1,620 1,602
Additional paid-in capital 38,088,576 36,952,561
Stock subscription receivable (72,000) (72,000)
Accumulated deficit (25,196,480) (23,066,214)
Accumulated other comprehensive loss (1,340,000) (1,397,200)
Less treasury stock, at cost; 213,570 and 65,243 shares, respectively (851,807) (628,694)
Total American International Industries, Inc. equity 10,629,910 11,790,056
Minority interest 198,114 674,155
Total equity 10,828,024 12,464,211
Total liabilities and equity $ 16,578,479 $ 20,866,526