$AHII

American Heritage International Inc.

CIK:0001545236|SEC Filings

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
Condensed Statements of Operations (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:
Sales	$ 42,599	$ 0	$ 132,684	$ 0
Cost of Sales	38,530	0	95,061	0
Gross Profit	4,069	0	37,623	0
Operating Expenses
Advertising and marketing	9,685	0	45,400	0
Amortization	2,542	0	7,625	0
Consulting	46,155	8,000	117,883	8,000
Consulting - related party	30,000	0	90,000	0
Investor and public relations	7,229	0	52,319	0
Office	10,848	1,917	28,585	4,639
Professional fees	4,700	20,171	53,823	34,161
Regulatory fees	0	4,589	13,683	8,199
Travel and entertainment	2,046	7,155	18,354	7,155
Total Operating Expenses	113,205	41,832	427,673	62,154
Loss before Other Income (Expenses)	(109,136)	(41,832)	(390,049)	(62,154)
Other Income (Expenses)
Interest Income	2	0	2	0
Settlement of legal claim	0	0	(50,000)	0
Total Other Income (Expenses)	0	0	(50,000)	0
Loss before Discontinued Operations	(109,134)	0	(440,047)	0
Discontinued Operations	0	(4,000)	0	(29,050)
Net Loss	$ (109,134)	$ (45,832)	$ (440,047)	$ (91,204)
Net Loss Per Share - Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted Average Shares Outstanding - Basic and Diluted	99,866,250	128,821,000	99,617,840	139,879,000

Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
Condensed Statements of Cash Flows (Unaudited) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Operating Activities
Net loss	$ (440,047)	$ (91,204)
Less non-cash items:
Discontinued operations - depreciation	0	285
Amortization	7,624	0
Changes in operating assets and liabilities:
(Increase) in accounts receivable	(31,138)	0
(Increase) in security deposit	(18,520)	(20,000)
(Increase) in inventory	3,450	0
(Increase) in prepaid expenses	(15,000)	0
Increase in accounts payable	38,993	11,853
Increase in accounts payable - related party	90,000	28,000
Net Cash (Used) in Operating Activities	(364,638)	(71,066)
Investing Activities
Acquisition of intangible assets	0	(5,500)
Net Cash (Used) in Investing Activities	0	(5,500)
Financing Activities
Proceeds from short-term debt	0	12,192
Proceeds from long-term debt	0	0
Proceeds from short-term debt - related party	23,803	57,400
Repayment of short-term debt - related party	(83,583)	(130)
Proceeds from sale of common stock	500,250	0
Proceeds from contributed capital	0	17,900
Net Cash Provided by Financing Activities	440,470	87,362
Increase (Decrease) in Cash	75,833	10,796
Cash - Beginning of Period	15,746	2,101
Cash - End of Period	91,579	12,897
Non-cash Financing and Investing Activities:
Contributed capital	0	109,698
Capital contributions - forgiveness of debt	0	0
Acquisition of equipment for note payable	0	0
Short-term loan settled with common shares	0	0
Acquisition of intangibles for preferred shares	0	25,000
Supplemental Disclosures:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Condensed Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Cash	$ 91,579	$ 15,746
Accounts receivable	31,138	0
Inventory	29,770	33,220
Deposits	18,520	0
Prepaid expense	15,000	0
Total Current Assets	186,007	48,966
Other Assets
Intangible assets, net of accumulated amortization of $10,167 and $2,542, respectively (Note 4)	20,333	27,959
Total Other Assets	20,333	27,959
Total Assets	206,341	76,925
Current Liabilities
Accounts payable	58,300	19,307
Accounts payable - related party (Note 5)	120,000	30,000
Related party loans (Note 5)	14,184	73,964
Total Current Liabilities	192,484	123,271
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred Stock, $0.001 par value, 20,000,000 shares authorized, 15,300 shares issued and outstanding	15	15
Common Stock, $0.001 par value, 500,000,000 shares authorized, 99,866,250 and 99,000,000 shares issued and outstanding, respectively (Note 6)	99,866	99,000
Additional Paid-in Capital	665,817	166,433
Accumulated (Deficit)	(751,842)	(311,794)
Total Stockholders' Equity (Deficit)	13,857	(46,346)
Total Liabilities and Stockholders' Equity (Deficit)	$ 206,341	$ 76,925