10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

ýQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from          to

Commission file number: 0-50912

AMERICAN INTERNATIONAL HOLDINGS CORP.

(Exact Name Of Registrant As Specified In Its Charter)

Nevada	88-0225318
(State of Incorporation)	(I.R.S. Employer Identification No.)
601 Cien Street, Suite 235 Kemah, TX	77565-3077
(Address of Principal Executive Offices)	(ZIP Code)

  Registrant's Telephone Number, Including Area Code: (281) 334-9479

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company.  See the definitions of "large accelerated filer, "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨

The number of shares outstanding of each of the issuer’s classes of equity as of May 15, 2013 is 746,945 shares of common stock.

1

Item	Description	Page
	PART I – FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	10
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	12
ITEM 4T.	CONTROLS AND PROCEDURES	12
	PART II – OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS	12
ITEM 1A.	RISK FACTORS	12
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	12
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	12
ITEM 4.	MINE SAFETY DISCLOSURES	12
ITEM 5.	OTHER INFORMATION	12
ITEM 6.	EXHIBITS	12

2

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Financial Statements

Financial Statements
Unaudited Consolidated Balance Sheets – March 31, 2013 and December 31, 2012	4
Unaudited Consolidated Statements of Operations – Three Months Ended March 31, 2013 and 2012	5
Unaudited Consolidated Statements of Cash Flows – Three Months Ended March 31, 2013 and 2012	6
Notes to Unaudited Consolidated Financial Statements	7

3

AMERICAN INTERNATIONAL HOLDINGS CORP.

(Formerly “DELTA SEABOARD INTERNATIONAL, INC.”)

Consolidated Balance Sheets

(Unaudited)

	March 31, 2013	December 31, 2012
ASSETS
Current assets:
Cash and cash equivalents	$ 150,768	$ 438,524
Receivable – related party	2,324,632	1,274,688
Notes receivable	-	800,000
Total assets	$ 2,475,400	$ 2,513,212
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$ 7,500	$ 24,334
Total liabilities	7,500	24,334
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 and 0 shares issued and outstanding, respectively	-	-
Common stock, $0.0001 par value, 195,000,000 shares authorized; 747,355 and 747,355 shares issued, respectively; 746,945 and 746,945 shares outstanding, respectively	75	75
Additional paid-in capital	4,284,829	4,284,829
Accumulated deficit	(1,813,110)	(1,792,132)
Less treasury stock, at cost; 410 and 410 shares, respectively	(3,894)	(3,894)
Total stockholders’ equity	2,467,900	2,488,878
Total liabilities and stockholders’ equity	$ 2,475,400	$ 2,513,212

See accompanying notes to the unaudited consolidated financial statements.

4

AMERICAN INTERNATIONAL HOLDINGS CORP.

(Formerly “DELTA SEABOARD INTERNATIONAL, INC.”)

Consolidated Statements of Operations

(Unaudited)

	For the Three Months Ended March 31,
	2013	2012
Revenue	$ -	$ -
Costs and expenses:
General and administrative	38,478	22,000
Operating loss	(38,478)	(22,000)
Other income:
Interest income	17,500	-
Other income from forgiveness of debt	-	15,000
Total other income	17,500	15,000
Loss from continuing operations	(20,978)	(7,000)
Loss from discontinued operations, net of income taxes	-	(922,517)
Net loss	$ (20,978)	$ (929,517)
Preferred dividends:
Reversal of regular dividends	$ -	$ 1,055,000
Regular dividends	-	(20,000)
Net income (loss) applicable to common shareholders	$ (20,978)	$ 105,483
Net income (loss) per common share – basic and diluted
Continuing operations	$ (0.03)	$ 1.43
Discontinued operations	-	(1.28)
Total	$ (0.03)	$ 0.15
Weighted average number of common shares outstanding – basic and diluted	746,945	722,063

See accompanying notes to the unaudited consolidated financial statements.

5

AMERICAN INTERNATIONAL HOLDINGS CORP.

(Formerly “DELTA SEABOARD INTERNATIONAL, INC.”)

Consolidated Statements of Cash Flows

(Unaudited)

	For the Three Months Ended March 31,
	2013	2012
Cash flows from operating activities:
Net loss	$ (20,978)	$ (929,517)
Loss from discontinued operations, net of income taxes	-	(922,517)
Net loss from continuing operations	(20,978)	(7,000)
Adjustments to reconcile net loss to cash used in operating activities:
Other income from forgiveness of debt	-	(15,000)
Changes in operating assets and liabilities:
Accounts payable	(16,834)	22,000
Net cash used in operating activities from continuing operations	(37,812)	-
Cash flows from investing activities
Proceeds from note receivable	800,000	-
Net cash provided by investing activities from continuing operations	800,000	-
Cash flows from financing activities
Loans from (to) related parties, net	(1,049,944)	65,398
Principal payments on debt	-	(65,000)
Payments for acquisition of treasury stock	-	(398)
Net cash used in financing activities from continuing operations	(1,049,944)	-
Net decrease in cash and cash equivalents from continuing operations	(287,756)	-
Cash and cash equivalents at beginning of period	438,524	-
Cash and cash equivalents at end of period	$ 150,768	$ -
Discontinued operations
Net cash provided by operations	$ -	$ 300,903
Net cash used in investing activities	-	(33,066)
Net cash used in financing activities	-	(186,158)
Net increase in cash and cash equivalents from discontinued operations	-	81,679
Cash and cash equivalents at beginning of period from discontinued operations	-	10,655
Cash and cash equivalents at end of period from discontinued operations	$ -	$ 92,334
Supplemental disclosures:
Interest paid	$ -	$ -
Income taxes paid	$ -	$ -
Non-cash transactions:
Preferred dividends declared and unpaid	$ -	$ 20,000
Conversion of preferred stock to common stock	$ -	$ 377
Reversal of preferred dividends	$ -	$ 1,055,000

See accompanying notes to the unaudited consolidated financial statements.

6

AMERICAN INTERNATIONAL HOLDINGS CORP.

(Formerly “DELTA SEABOARD INTERNATIONAL, INC.”)

Notes to Unaudited Consolidated Financial Statements

Note 1 - Summary of Significant Accounting Policies

The accompanying unaudited interim consolidated financial statements of American International Holdings Corp. (“AMIH”), formerly Delta Seaboard International, Inc. (“Delta”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in AMIH’s latest Annual Report filed with the SEC on Form 10-K for the year ended December 31, 2012. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year as reported in the Form 10-K have been omitted.

Organization, Ownership and Business

American International Holdings Corp. (“AMIH”) at March 31, 2013, was a 92.3%  owned subsidiary of American International Industries, Inc. ("American") (OTCBB: AMIN). At March 31, 2013, AMIH also had a wholly-owned subsidiary, Delta Seaboard Well Service, Inc. ("DSWSI"), a Texas corporation and formerly a subsidiary of Delta.

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

On April 3, 2012, AMIH entered into an Asset Purchase Agreement (“Agreement”) by and among Delta Seaboard, LLC (the "Purchaser"), a Texas limited liability company that is owned and controlled by Robert W. Derrick, Jr. and Ronald D. Burleigh, who were AMIH’s president and director and vice-president and director, respectively, on the date of the Agreement, DSWSI, and American.  Pursuant to the terms of the Agreement, AMIH: (i) sold all of the assets and liabilities of DSWSI to the Purchaser; (ii) Messrs. Derrick and Burleigh resigned as executive officers and as members of AMIH’s board of directors; (iii) Mr. Derrick resigned as a director of American; and (iv) Messrs. Derrick and Burleigh transferred and assigned all of their 319,258 AMIH shares, representing approximately 45% of AMIH's outstanding common stock to American. In consideration for the sale of the DSWSI net assets to Purchaser, Purchaser paid AMIH $1,600,000 in cash and executed a 5 year note bearing interest at 5% per annum in the face amount of $1,400,000.  On December 19, 2012, this note was sold to Messrs. Derrick and Burleigh for $1,020,000. Total consideration for the sale was $2,620,000.  On February 27, 2013, AMIH received $800,000 in payment of the balance due on the note receivable from Messrs. Derrick and Burleigh.

Upon the closing of the Agreement on April 3, 2012, American then held an aggregate, including previous holdings, of 647,858 shares of AMIH's issued and outstanding common stock, representing approximately 86.7% of AMIH's shares. At the same date, AMIH ceased to be an operating company and became a non-operating "shell company", as that term is defined in Rule 144(i) under the Securities Act of 1933, as amended.

Principles of Consolidation

The consolidated financial statements include the accounts of American International Holdings Corp. and its wholly-owned subsidiary, Delta Seaboard Well Service, Inc. All significant intercompany transactions and balances have been eliminated in consolidation.

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.

7

Net Income (Loss) Per 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.

Income Taxes

AMIH 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.

AMIH evaluates the tax benefits from uncertain positions and determines 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 March 31, 2013, AMIH had not recorded any tax benefits from uncertain tax positions.

Management's Estimates and Assumptions

The preparation of 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.

Subsequent Events

AMIH has evaluated all subsequent events from March 31, 2013 through the issuance date of the consolidated financial statements for subsequent event disclosure consideration.

New Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Note 2 – Discontinued operations

On April 3, 2012, AMIH sold all of the assets and liabilities of DSWSI, as discussed in Note 1.

DSWSI's net loss of $922,517for the three months ended March 31, 2012 is included in discontinued operations.

DSWSI's revenues and net loss before income tax is summarized below:

	For the Three Months Ended March 31, 2012
Revenues	$ 3,598,374
Net loss before income tax	$ (883,373)

8

Note 3 - Equity

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

During the three months ended March 31, 2012 preferred dividends of $20,000 were accrued and unpaid.

On June 29, 2011, AMIH entered into an agreement, with an effective date of July 1, 2011, with Vision Opportunity Master Fund, Ltd. (“VOMF”), pursuant to which VOMF agreed to convert 3,769,626 shares of the Company’s preferred stock, constituting all of AMIH’s outstanding preferred stock, into 37,696 shares (3,769,626 shares pre-split) of common stock and also agreed to waive all accrued dividends payable on the preferred stock upon the payment of $250,000. In consideration for the conversion, AMIH agreed to pay VOMF total consideration of $250,000, $50,000 of which was paid on July 1, 2011, and the $200,000 remainder was due and payable at the rate of $20,000 per month.  On February 23, 2012, AMIH completed the agreement with VOMF. VOMF accepted a payment of $65,000 in full satisfaction of this note, and the difference of $15,000 was recognized as other income from forgiveness of debt. On February 29, 2012, 3,769,626 shares of AMIH's preferred stock were converted into 37,696 shares (3,769,626 shares pre-split) of AMIH's common stock. Upon satisfaction of the agreement with VOMF, the Company’s obligation for previously recorded preferred dividends was released and AMIH reversed the dividends payable of $1,055,000.

AMIH has 5,000,000 authorized, 0 issued and outstanding, Preferred Shares consisting of Series A and Series B convertible into one share of AMIH's common stock.

9

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

American International Holdings Corp. (AMIH), formerly Delta Seaboard International, Inc. ("Delta"), at March 31, 2013, was  a 92.3%  owned subsidiary of American International Industries, Inc. ("American") (OTCBB: AMIN). At March 31, 2013, AMIH also had a wholly-owned subsidiary, Delta Seaboard Well Service, Inc., a Texas corporation ("DSWSI").

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

On April 3, 2012, AMIH entered into an Asset Purchase Agreement (“Agreement”) by and among Delta Seaboard, LLC (the "Purchaser"), a Texas limited liability company that is owned and controlled by Robert W. Derrick, Jr. and Ronald D. Burleigh, who were AMIH's president and director and vice-president and director, respectively, on the date of the Agreement, DSWSI, and American. Pursuant to the terms of the Agreement, AMIH: (i) sold all of the assets of DSWSI to the Purchaser; (ii) Messrs. Derrick and Burleigh resigned as executive officers and as members of AMIH’s board of directors; (iii) Mr. Derrick resigned as a director of American; and (iv) Messrs. Derrick and Burleigh transferred and assigned all of their 319,258 AMIH shares to American.  In consideration for the sale of the DSWSI assets to Purchaser, Purchaser paid AMIH $1,600,000 in cash and executed a 5 year note bearing interest at 5% per annum in the face amount of $1,400,000.  On December 19, 2012, this note was sold to Messrs. Derrick and Burleigh for $1,020,000. Total consideration for the sale was $2,620,000. On February 27, 2013, AMIH received $800,000 in payment of the balance due on the note receivable from Messrs. Derrick and Burleigh.

Upon the closing of the Agreement on April 3, 2012, American then held an aggregate, including previous holdings, of 647,858 shares of AMIH's issued and outstanding common stock, representing approximately 86.7% of AMIH's shares. At the same date, AMIH ceased to be an operating company and became a non-operating "shell company", as that term is defined in Rule 144(i) under the Securities Act of 1933, as amended.

Results of Operations for AMIH

Three months ended March 31, 2013 Compared to the Three months ended March 31, 2012

General and administrative expenses were $38,478 for the three months ended March 31, 2013, compared to $22,000 for the three months ended March 31, 2012. General and administrative expenses for the three months ended March 31, 2013 consisted primarily of executive compensation and legal and professional expenses.  General and administrative expenses for the three months ended March 31, 2012 consisted of legal and professional expenses.

Other income during the three months ended March 31, 2013 and 2012 was $17,500 and $15,000, respectively.  Interest income for the three months ended March 31, 2013 was $17,500, representing 5% interest on the $1,400,000 note receivable from the sale of DSWSI’s assets. Vision Opportunity Master Fund, Ltd. accepted a payment of $65,000 in full satisfaction of a note with a balance of $80,000, and the difference of $15,000 was recognized as other income from forgiveness of debt for the three-month period ended March 31, 2012.

AMIH had a net loss of $20,978, or $0.03 per share, for the three months ended March 31, 2013.  AMIH had a net loss of $929,517 for the three months ended March 31, 2012, which includes a loss from discontinued operations for DSWSI's net loss of $922,517.  During the three months ended March 31, 2012 preferred dividends of $20,000 were accrued and unpaid.  In February 2012, the holder of the preferred shares waived all accrued dividends payable of $1,055,000.  During the three months ended March 31, 2012, the impact of the preferred dividends decreased the loss per share by $1.43.  During the three months ended March 31, 2012, AMIH had net income per share of $0.15, consisting of net income from continuing operations of $1.43 per share and a net loss from discontinued operations of $1.28 per share.

Liquidity and Capital Resources for AMIH

As of March 31, 2013, AMIH had total assets of $2,475,400 consisting of $150,768 in cash and cash equivalents and $2,324,632 in related party receivables due from our parent, American.

As of March 31, 2013, AMIH had total liabilities of $7,500 which is for accounts payable.

AMIH had working capital and total stockholders’ equity of $2,467,900 as of March 31, 2013.

10

Net cash used in operating activities was $37,812 for the three months ended March 31, 2013, which was derived from a net loss of $20,978 and a decrease in accounts payable of $16,834. Net cash used in operating activities was $0 for the three months ended March 31, 2012, which was derived from a net loss of $7,000 and other income from forgiveness of debt of $15,000, offset by an increase in accounts payable of $22,000.

Net cash provided by investing activities during the three months ended March 31, 2013 was $800,000 for the receipt of proceeds from the sale of DSWSI’s assets.

Net cash used in financing activities during the three months ended March 31, 2013 was $1,049,944, compared to $0 during the three months ended March 31, 2012. Net cash used in financing activities during the three months ended March 31, 2013 was for loans to related parties.  Net cash used in financing activities during the three months ended March 31, 2012 included the receipt of $65,398 in loans from related parties, $65,000 in principal payments on debt and $398 for the acquisition of 35 common shares as treasury stock

Off-Balance Sheet Arrangements

As of March 31, 2013 and December 31, 2012, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

11

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable

ITEM 4T. CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures. As of March 31, 2013, the Company's chief executive officer and chief financial officer conducted an evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act. Based upon the evaluation of these controls and procedures, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

Changes in internal controls. During the quarterly period covered by this report, no changes occurred in our internal control over financial reporting that materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

There have been no updates to any legal proceedings previously disclosed.

ITEM 1A. RISK FACTORS

For the three months ended March 31, 2013 there were no material changes from risk factors as disclosed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

None.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

The following documents are filed as exhibits to this report on Form 10-Q or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference to the SEC filing that included such document.

Exhibit No.	Description
31.1	Certification of CEO Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to the Sarbanes-Oxley Act of 2002
31.2	Certification of CFO Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to the Sarbanes-Oxley Act of 2002
32.1	Certification of CEO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002
32.2	Certification of CFO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

12

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

By /s/ Daniel Dror

Daniel Dror

Chief Executive Officer, President, and Chairman

May 15, 2013

By /s/ Sherry L. McKinzey

Sherry L. McKinzey

Director, Chief Financial Officer, and Vice-President

May 15, 2013

13

EX-31

CERTIFICATIONS

I, Daniel Dror, certify that:

1. I have reviewed this quarterly report of American International Holdings Corp., formerly Delta Seaboard International, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 15, 2013

/s/ Daniel Dror

CEO and Chairman

EX-31

CERTIFICATIONS

I, Sherry McKinzey, certify that:

1. I have reviewed this quarterly report of American International Holdings Corp., formerly Delta Seaboard International, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: May 15, 2013

/s/ Sherry McKinzey

CFO

EX-32

Statement Pursuant to Section 906 of Sarbanes-Oxley Act of 2002

The undersigned, Daniel Dror, CEO and Chairman of American International Holdings Corp., formerly Delta Seaboard International, Inc., a Texas corporation, hereby makes the following certification as required by Section 906(a) of the Sarbanes-Oxley Act of 2002, with respect to the following of this report filed pursuant to Section 15(d) of the Securities Exchange Act of 1934: Quarterly Report of Form 10-Q for the period ended March 31, 2013.

The undersigned certifies that the above annual report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, and information contained in the above quarterly report fairly presents, in all respects, the financial condition of American International Holdings Corp. and results of its operations.

Date: May 15, 2013

Daniel Dror

Chairman

/s/ Daniel Dror

EX-32

Statement Pursuant to Section 906 of Sarbanes-Oxley Act of 2002

The undersigned, Sherry McKinzey, CFO of American International Holdings Corp., formerly Delta Seaboard International, Inc., a Texas corporation, hereby makes the following certification as required by Section 906(a) of the Sarbanes-Oxley Act of 2002, with respect to the following of this report filed pursuant to Section 15(d) of the Securities Exchange Act of 1934: Quarterly Report of Form 10-Q for the period ended March 31, 2013.

The undersigned certifies that the above annual report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, and information contained in the above quarterly report fairly presents, in all respects, the financial condition of American International Holdings Corp. and results of its operations.

Date: May 15, 2013

Sherry McKinzey

CFO

/s/ Sherry McKinzey

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Note 1 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Basis of Presentation

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of American International Holdings Corp. (“AMIH”), formerly Delta Seaboard International, Inc. (“Delta”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in AMIH's latest Annual Report filed with the SEC on Form 10-K for the year ended December 31, 2012. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year as reported in the Form 10-K have been omitted.

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Note 3 - Equity

3 Months Ended

Mar. 31, 2013

Notes

Note 3 - Equity

Note 3 - Equity

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

During the three months ended March 31, 2012 preferred dividends of $20,000 were accrued and unpaid. 

On June 29, 2011, AMIH entered into an agreement, with an effective date of July 1, 2011, with Vision Opportunity Master Fund, Ltd. (“VOMF”), pursuant to which VOMF agreed to convert 3,769,626 shares of the Company’s preferred stock, constituting all of AMIH’s outstanding preferred stock, into 37,696 shares (3,769,626 shares pre-split) of common stock and also agreed to waive all accrued dividends payable on the preferred stock upon the payment of $250,000. In consideration for the conversion, AMIH agreed to pay VOMF total consideration of $250,000, $50,000 of which was paid on July 1, 2011, and the $200,000 remainder was due and payable at the rate of $20,000 per month.  On February 23, 2012, AMIH completed the agreement with VOMF. VOMF accepted a payment of $65,000 in full satisfaction of this note, and the difference of $15,000 was recognized as other income from forgiveness of debt. On February 29, 2012, 3,769,626 shares of AMIH's preferred stock were converted into 37,696 shares (3,769,626 shares pre-split) of AMIH's common stock (post-split).  Upon satisfaction of the agreement with VOMF, the Company’s obligation for previously recorded preferred dividends was released and AMIH reversed the dividends payable of $1,055,000.

AMIH has 5,000,000 authorized, 0 issued and outstanding, Preferred Shares consisting of Series A and Series B convertible into one share of AMIH's common stock.

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AMERICAN INTERNATIONAL HOLDINGS CORP. - Balance Sheet (USD $)	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 150,768	$ 438,524
Receivable - related party	2,324,632	1,274,688
Note receivable	0	800,000
Total current assets	2,475,400	2,513,212
Total assets	2,475,400	2,513,212
Current liabilities:
Accounts payable	7,500	24,334
Total current liabilities	7,500	24,334
Total liabilities	7,500	24,334
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 and 0 shares issued and outstanding	0	0
Common stock, $0.0001 par value, 195,000,000 shares authorized; 747,355 and 747,355 shares issued, 746,945 and 746,945 shares outstanding	75	75
Additional paid-in capital	4,284,829	4,284,829
Accumulated deficit	(1,813,110)	(1,792,132)
Less treasury stock, at cost; 410 and 410 shares, respectively	(3,894)	(3,894)
Total stockholders' equity	2,467,900	2,488,878
Total liabilities and stockholders' equity	$ 2,475,400	$ 2,513,212

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Note 1 - Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2013

Notes

Note 1 - Summary of Significant Accounting Policies

Note 1 - Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of American International Holdings Corp. (“AMIH”), formerly Delta Seaboard International, Inc. (“Delta”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in AMIH's latest Annual Report filed with the SEC on Form 10-K for the year ended December 31, 2012. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year as reported in the Form 10-K have been omitted.

Organization, Ownership and Business

American International Holdings Corp. (“AMIH”) at March 31, 2013, was  a 92.3% owned subsidiary of American International Industries, Inc. ("American") (OTCQB: AMIN). At March 31, 2013, AMIH also had a wholly-owned subsidiary, Delta Seaboard Well Service, Inc., a Texas corporation ("DSWSI").

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

On April 3, 2012, AMIH entered into an Asset Purchase Agreement (“Agreement”) by and among Delta Seaboard, LLC (the "Purchaser"), a Texas limited liability company that is owned and controlled by Robert W. Derrick, Jr. and Ronald D. Burleigh, who were AMIH's president and director and vice-president and director, respectively, on the date of the Agreement, DSWSI, and American. Pursuant to the terms of the Agreement, AMIH: (i) sold all of the assets and liabilities of DSWSI to the Purchaser; (ii) Messrs. Derrick and Burleigh resigned as executive officers and as members of AMIH’s board of directors; (iii) Mr. Derrick resigned as a director of American; and (iv) Messrs. Derrick and Burleigh transferred and assigned all of their 319,258 AMIH shares, representing approximately 45% of AMIH's outstanding common stock to American. In consideration for the sale of the DSWSI net assets to Purchaser, Purchaser paid AMIH $1,600,000 in cash and executed a 5 year note bearing interest at 5% per annum in the face amount of $1,400,000.  On December 19, 2012, this note was sold to Messrs. Derrick and Burleigh for $1,020,000. Total consideration for the sale was $2,620,000.  On February 27, 2013, AMIH received $800,000 in payment of the balance due on the note receivable from Messrs. Derrick and Burleigh.

Upon the closing of the Agreement on April 3, 2012, American then held an aggregate, including previous holdings, of 647,858 shares of AMIH's issued and outstanding common stock, representing approximately 86.7% of AMIH's shares. At the same date, AMIH ceased to be an operating company and became a non-operating "shell company", as that term is defined in Rule 144(i) under the Securities Act of 1933, as amended.

Principles of Consolidation

The consolidated financial statements include the accounts of American International Holdings Corp. and its wholly-owned subsidiary, Delta Seaboard Well Service, Inc. All significant intercompany transactions and balances have been eliminated in consolidation.

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.

Net Income (Loss) Per 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.

Income Taxes

AMIH 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.

AMIH evaluates the tax benefits from uncertain positions and determines 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 March 31, 2013, AMIH had not recorded any tax benefits from uncertain tax positions.

Management's Estimates and Assumptions

The preparation of 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.

Subsequent Events

AMIH has evaluated all subsequent events from March 31, 2013 through the issuance date of the consolidated financial statements for subsequent event disclosure consideration.

New Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our consolidated financial position, operations or cash flows.

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Note 3 - Equity (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Feb. 29, 2012	Feb. 23, 2012	Jun. 29, 2011
Details
Preferred Stock Dividends		$ 20,000
Conversion of preferred stock to common stock - agreement						3,769,626
Conversion of preferred stock to common stock - consideration						250,000
Conversion of preferred stock to common stock - payments					65,000	50,000
Conversion of preferred stock to common stock - terms						the $200,000 remainder was due and payable at the rate of $20,000 per month
Other income from forgiveness of debt	0	15,000
Conversion of preferred stock to common stock (in shares)				37,696
Reversal of preferred dividends	$ 0	$ 1,055,000
Preferred stock, shares authorized (in shares)	5,000,000		5,000,000
Preferred stock, shares issued (in shares)	0		0

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Note 2 - Discontinued operations

3 Months Ended

Mar. 31, 2013

Notes

Note 2 - Discontinued operations

Note 2 – Discontinued operations

On April 3, 2012, AMIH sold all of the assets and liabilities of DSWSI, as discussed in Note 1.

DSWSI's net loss of $922,517 for the three months ended March 31, 2012 is included in discontinued operations.

DSWSI's revenues and net loss before income tax is summarized below:

	For the Three Months Ended March 31, 2012
Revenues	$                                3,598,374
Net income (loss) before income tax	$                                 (883,373)

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AMERICAN INTERNATIONAL HOLDINGS CORP. Statement of Financial Position - Parenthetical (USD $)	Mar. 31, 2013	Dec. 31, 2012
Statement of Financial Position
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	195,000,000	195,000,000
Common stock, shares issued (in shares)	747,355	747,355
Common stock, shares outstanding (in shares)	746,945	746,945
Treasury stock, at cost (in shares)	410	410

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Note 1 - Summary of Significant Accounting Policies: New Accounting Pronouncements (Policies)

3 Months Ended

Mar. 31, 2013

Policies

New Accounting Pronouncements

New Accounting Pronouncements

There were various accounting standards and interpretations issued recently, none of which are expected to a have a material impact on our consolidated financial position, operations or cash flows.

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Document and Entity Information (USD $)	3 Months Ended
	Mar. 31, 2013	May 15, 2013	Jun. 30, 2012
Document and Entity Information:
Entity Registrant Name	American International Holdings Corp.
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Amendment Flag	false
Entity Central Index Key	0001300524
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		746,945
Entity Public Float			$ 134,443
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1

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Note 2 - Discontinued operations: DSWSI's Revenues and Net Income loss before Income Tax (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

DSWSI's Revenues and Net Income loss before Income Tax

	For the Three Months Ended March 31, 2012
Revenues	$                                3,598,374
Net income (loss) before income tax	$                                 (883,373)

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AMERICAN INTERNATIONAL HOLDINGS CORP. - CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 0	$ 0
Costs and expenses:
General and administrative	38,478	22,000
Operating loss	(38,478)	(22,000)
Other income:
Interest income	17,500	0
Other income from forgiveness of debt	0	15,000
Total other income	17,500	15,000
Loss from continuing operations, net of income taxes	(20,978)	(7,000)
Income (loss) from discontinued operations, net of income taxes	0	(922,517)
Net income (loss)	(20,978)	(929,517)
Preferred dividends:
Reversal of regular dividends	0	1,055,000
Regular dividends	0	(20,000)
Net income (loss) applicable to common shareholders	$ (20,978)	$ 105,483
Net income (loss) per share - basic and diluted, Continuing operations	$ (0.03)	$ 1.43
Net income (loss) per share - basic and diluted, Discontinued operations	$ 0	$ (1.28)
Total	$ (0.03)	$ 0.15
Weighted average common shares outstanding - basic and diluted	746,945	722,063

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Note 1 - Summary of Significant Accounting Policies: Reclassifications (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Reclassifications

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.

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Note 1 - Summary of Significant Accounting Policies: Principles of Consolidation (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of American International Holdings Corp. and its wholly-owned subsidiary, Delta Seaboard Well Service, Inc. All significant intercompany transactions and balances have been eliminated in consolidation.

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Note 1 - Summary of Significant Accounting Policies: Organization, Ownership and Business (Details) (USD $)	Mar. 31, 2013	Apr. 03, 2012
Details
American ownership of AMIH (percentage)	92.30%
Shares transferred to American (shares)		319,258
Shares transferred to American (percentage)		45.00%
Consideration for Delta - cash		$ 1,600,000
Consideration for Delta - note receivable - term		5 year note
Consideration for Delta - note receivable - interest rate		5.00%
Consideration for Delta - note receivable		1,400,000
Consideration for Delta - total		$ 2,620,000
American ownership of common stock (shares)		647,858
American ownership of common stock (percentage)		86.70%

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Note 1 - Summary of Significant Accounting Policies: Management's Estimates and Assumptions (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Management's Estimates and Assumptions

Management's Estimates and Assumptions

The preparation of 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.

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Note 1 - Summary of Significant Accounting Policies: Net Income (loss) Per Share (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Net Income (loss) Per Share

Net Income (Loss) Per 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.

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Note 1 - Summary of Significant Accounting Policies: Income Taxes (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Income Taxes

Income Taxes

AMIH 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.

AMIH evaluates the tax benefits from uncertain positions and determines 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 March 31, 2013, AMIH had not recorded any tax benefits from uncertain tax positions.

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Note 1 - Summary of Significant Accounting Policies: Subsequent Events (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Subsequent Events

Subsequent Events

AMIH has evaluated all subsequent events from March 31, 2013 through the issuance date of the consolidated financial statements for subsequent event disclosure consideration.

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Note 2 - Discontinued operations: DSWSI's Revenues and Net Income loss before Income Tax (Details) (USD $)	3 Months Ended
	Mar. 31, 2012
Details
Revenues	$ 3,598,374
Net income (loss) before income tax	$ (883,373)

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AMERICAN INTERNATIONAL HOLDINGS CORP. - CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net income (loss)	$ (20,978)	$ (929,517)
Income from discontinued operations including gain (loss) on disposition, net of income taxes	0	(922,517)
Net loss from continuing operations	(20,978)	(7,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Other income from forgiveness of debt	0	(15,000)
Changes in current assets and liabilities:
Increase in accounts payable	(16,834)	22,000
Net cash used in operating activities from continuing operations	(37,812)	0
Cash flows from investing activities:
Proceeds from note receivable	800,000	0
Net cash provided by investing activities from continuing operations	800,000	0
Cash flows from financing activities:
Loans from (to) related parties	(1,049,944)	65,398
Principal payments on debt	0	(65,000)
Payments for acquisition of treasury stock	0	(398)
Net cash used in financing activities from continuing operations	(1,049,944)	0
Net increase (decrease) in cash and cash equivalents from continuing operations	(287,756)	0
Cash and cash equivalents, beginning of period	438,524	0
Cash and cash equivalents, end of period	150,768	0
Discontinued operations
Net cash provided by operations	0	300,903
Net cash used in investing activities	0	(33,066)
Net cash used in financing activities	0	(186,158)
Net decrease in cash and cash equivalents from discontinued operations	0	81,679
Cash and cash equivalents, beginning of period from discontinued operations	0	10,655
Cash and cash equivalents, end of period from discontinued operations	0	92,334
Supplemental schedule of cash flow information:
Interest paid	0	0
Taxes paid	0	0
Non-cash transactions:
Preferred dividends declared and unpaid	0	20,000
Reversal of preferred dividends	$ 0	$ 1,055,000

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Note 1 - Summary of Significant Accounting Policies: Organization, Ownership and Business (Policies)

3 Months Ended

Mar. 31, 2013

Policies

Organization, Ownership and Business

Organization, Ownership and Business

American International Holdings Corp. (“AMIH”) at March 31, 2013, was  a 92.3% owned subsidiary of American International Industries, Inc. ("American") (OTCQB: AMIN). At March 31, 2013, AMIH also had a wholly-owned subsidiary, Delta Seaboard Well Service, Inc., a Texas corporation ("DSWSI").

On August 13, 2012, AMIH effected a reverse stock split whereby all outstanding shares of its common stock were subject to a reverse split on a one for one hundred (1:100) basis. All share and per share amounts contained in this Form 10-Q have been adjusted retroactively to reflect the reverse stock split.

On April 3, 2012, AMIH entered into an Asset Purchase Agreement (“Agreement”) by and among Delta Seaboard, LLC (the "Purchaser"), a Texas limited liability company that is owned and controlled by Robert W. Derrick, Jr. and Ronald D. Burleigh, who were AMIH's president and director and vice-president and director, respectively, on the date of the Agreement, DSWSI, and American. Pursuant to the terms of the Agreement, AMIH: (i) sold all of the assets and liabilities of DSWSI to the Purchaser; (ii) Messrs. Derrick and Burleigh resigned as executive officers and as members of AMIH’s board of directors; (iii) Mr. Derrick resigned as a director of American; and (iv) Messrs. Derrick and Burleigh transferred and assigned all of their 319,258 AMIH shares, representing approximately 45% of AMIH's outstanding common stock to American. In consideration for the sale of the DSWSI net assets to Purchaser, Purchaser paid AMIH $1,600,000 in cash and executed a 5 year note bearing interest at 5% per annum in the face amount of $1,400,000.  On December 19, 2012, this note was sold to Messrs. Derrick and Burleigh for $1,020,000. Total consideration for the sale was $2,620,000.  On February 27, 2013, AMIH received $800,000 in payment of the balance due on the note receivable from Messrs. Derrick and Burleigh.

Upon the closing of the Agreement on April 3, 2012, American then held an aggregate, including previous holdings, of 647,858 shares of AMIH's issued and outstanding common stock, representing approximately 86.7% of AMIH's shares. At the same date, AMIH ceased to be an operating company and became a non-operating "shell company", as that term is defined in Rule 144(i) under the Securities Act of 1933, as amended.

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Note 2 - Discontinued operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Details
Income (loss) from discontinued operations, net of income taxes	$ 0	$ (922,517)