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Consolidated Balance Sheets (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 481,518 $ 1,471,362
Certificates of deposit 781,736 777,119
Trading securities 1,238,053 1,790,444
Accounts receivable, less allowance for doubtful accounts of $63,479 and $78,187, respectively 3,333,320 4,060,621
Receivable from related parties 568,876 0
Short-term notes receivable 421,300 421,300
Current portion of notes receivable 40,145 38,892
Inventories, net 5,874,551 5,433,493
Real estate held for sale 5,600,321 5,600,321
Prepaid expenses and other current assets 468,775 253,534
Assets held for sale 0 237,997
Total current assets 18,808,595 20,085,083
Long-term notes receivable, less current portion 929,205 1,004,564
Real estate held for sale 225,000 225,000
Property and equipment, net of accumulated depreciation and amortization 3,704,669 3,673,289
Goodwill 674,539 674,539
Marketable securities - available for sale 19,500 130,000
Other assets 42,479 97,003
Assets held for sale 0 1,383
Total assets 24,403,987 25,890,861
Current liabilities:    
Accounts payable and accrued expenses 2,775,183 3,571,269
Bank overdrafts 155,109 0
Margin loans 156,328 0
Accrued lawsuit settlement 0 1,650,000
Short-term notes payable 542,700 91,183
Accounts and notes payable to related parties 20,956 20,552
Current installments of long-term debt 5,254,375 4,794,723
Liabilities associated with assets held for sale 0 228,554
Total current liabilities 8,904,651 10,356,281
Long-term debt, less current installments 1,672,203 1,807,931
Total liabilities 10,576,854 12,164,212
Commitments and contingencies    
Equity:    
Preferred stock, $0.001 par value, 1,000,000 authorized; 1,000 and 0 shares issued and outstanding, respectively 1 0
Common stock, $0.001 par value, 50,000,000 authorized; 15,057,926 and 10,971,325 shares issued, respectively; 14,670,269 and 10,604,868 shares outstanding, respectively 15,058 10,972
Additional paid-in capital 36,406,807 34,271,654
Accumulated deficit (21,731,784) (19,806,883)
Accumulated other comprehensive loss (1,385,500) (1,275,000)
Less treasury stock, at cost; 387,657 and 366,457 shares, respectively (568,195) (554,428)
Total American International Industries, Inc. equity 12,736,387 12,646,315
Noncontrolling interest 1,090,746 1,080,334
Total equity 13,827,133 13,726,649
Total liabilities and equity $ 24,403,987 $ 25,890,861