Note 13 - Capital Stock and Stock Options: Fair value assumptions (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Fair value assumptions

On June 24, 2011, American issued 10,000 stock options to American's President, Mr. S. Scott Gaille, with an exercise price of $6.00 per share, expiring in 2 years, valued at $46,559 and recorded as share-based compensation.  American estimated the fair value of each stock option at the grant date as $4.70 by using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants in 2011 as follows:

	June 24, 2011
Dividend yield	0.0%
Expected volatility	104.50%
Risk free interest	0.75%
Expected lives	2 years