AMERICAN INTERNATIONAL HOLDINGS CORP.

CIK:0001300524|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Revenues	$ 50,414
Lease operating cost	64,950
Gross profit (loss)	(14,536)
Operating expenses
General and administrative expenses	148,113
Total operating expenses	148,113
Loss from operations	(162,649)
Other income (expenses)
Change in derivative liabilities	(147,466)
Interest expense	(56,875)
Amortization on debt discount	(59,799)
Total other expense	(264,140)
Loss before income taxes	(426,789)
Income taxes
Net loss	$ (426,789)
Weighted average number of outstanding shares
Basic	38,492,997
Diluted	67,485,287
Basic loss per share	(0.01)
Diluted loss per share	(0.01)

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (426,789)
Adjustments to reconcile net loss to net cash provided by operating activities:
Derivative expense	70,765
Changes in derivative liabilities	76,701
Depreciation expense	32,014
Amortization on debt discount	59,799
Amortization of intangible asset	15,885
(Decrease) increase in operating liabilities:
Accounts payable and accrued liabilities	17,949
Accrued interest payable	56,814
Deposit	(3,130)
NET CASH USED IN OPERATING ACTIVITIES	(99,992)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received in reverse acquisition	159
NET CASH PROVIDED BY INVESTING ACTIVITIES	159
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	100,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	100,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	167
CASH AND CASH EQUIVALENTS:
Beginning of period	(0)	3,950
End of period	167	3,950
Supplemental disclosure of cash flow information:
Cash paid for income taxes
Cash paid for interest	61
Non-cash investing and financing activities:
Debt discount on convertible debt	100,000
Reverse merger	758,800
Conversion of note payable, accrued interest and settlement of derivative	646,041
Cashless acquisition of assets	$ 3,115,637

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 167
Other receivables	1,061,348
TOTAL CURRENT ASSETS	1,061,515
Oil and gas properties, full cost method
Proved developed producing oil and gas properties, net	831,884
Total Oil and gas properties, net	831,884
NON-CURRENT ASSETS
Fixed asset, net	13,000
Patent, net	1,111,506
Goodwill	7,189,473
Deposit	53,130
TOTAL NON-CURRENT ASSETS	8,367,109
TOTAL ASSETS	10,260,508
CURRENT LIABILITIES
Accounts payable and accrued liabilities	127,212
Accrued interest payable	351,659
Accrued compensation	200,000
Convertible notes payable, net of debt discount of $241,985 and $0	2,886,494
Convertible notes payable - related parties	1,500,000
Notes payable	758,800
Derivative liabilities	1,927,357
TOTAL CURRENT LIABILITIES	8,111,522
TOTAL LIABILITIES	8,111,522
STOCKHOLDERS’ DEFICIT
Preferred stock, (par value $0.0001, 5,000,000 shares authorized, of which 1,000,000 shares issued and outstanding)	100	100
Common stock (par value $0.0001, 195,000,000 shares authorized, of which 195,000,000 and 75,601,875 shares issued and outstanding as of March 31, 2023 and December 31, 2022)	19,500	7,560
Treasury stock, at cost	(3,894)	(3,894)
Additional paid in capital	2,563,835
Accumulated deficit	(430,555)	(3,766)
TOTAL STOCKHOLDERS’ DEFICIT	2,148,986
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	10,260,508
Related Party [Member]
CURRENT LIABILITIES
Notes payable - related parties	$ 360,000