|UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549                                                                                                                                                                                                                                                                               
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|                                                                                                                                                                                                                                                                                                                                                        
|FORM 10-Q                                                                                                                                                                                                                                                                                                                                               
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|(Mark One)                                                                                                                                                                                                                                                                                                                                              
|[X]                                                                                                                                                                                                                                                                                                                                                     
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|OR                                                                                                                                                                                                                                                                                                                                                      
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|Commission file number:  033-13474-NY                                                                                                                                                                                                                                                                                                                   
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|American Home Alliance Corporation(Exact name of Registrant as specified in its charter)                                                                                                                                                                                                                                                                
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|Delaware
(State or other jurisdiction of 
incorporation or organization)                                                                                                                                                                                                                                                                                
|                                                                                                                                                                                                                                                                                                                                                        
|706 Orchid Drive, Suite D, Bakersfield, California  93309(Address of principal executive office - Zip Code)                                                                                                                                                                                                                                             
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|(661) 333-0199(Registrant's telephone number, including area code)                                                                                                                                                                                                                                                                                      
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|(Former name, former address, and former fiscal year,
if changed since last report)                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                        
|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  [  ]     No  [X]                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                        
|Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, 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.                                                     
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|Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                                                                                                                                                                                                        
|Yes  [X]     No  [  ]                                                                                                                                                                                                                                                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                        
|APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY 
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                        
|Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.                                                                                               
|Yes  [X]     No  [  ]                                                                                                                                                                                                                                                                                                                                   
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|APPLICABLE ONLY TO CORPORATE ISSUERS:                                                                                                                                                                                                                                                                                                                   
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|Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                        
|On March 31, 2015, 3,707,500 shares of the issuer's common stock were outstanding.                                                                                                                                                                                                                                                                      



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American Home Alliance Corporation

TABLE OF CONTENTS





|                               |          |                                                                                        | Page Number                                                                 
|------------------------------ | -------- | -------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------
|                               |          |                                                                                        |                                                                             
|PART I - FINANCIAL INFORMATION |         
|                               |          |                                                                                        |                                                                             
|                               | Item 1.  | Financial Statements                                                                   |                                                                             
|                               |          | Balance Sheets                                                                         |                                                                             
|                               |          |                                                                                        | March 31, 2015 (unaudited) andDecember 31,2014                              
|                               |          | Statements of Operations (unaudited)                                                   |                                                                             
|                               |          |                                                                                        | Three Months Ended March 31, 2015 (unaudited)
and March 31, 2014 (unaudited)
|                               |          | Statements of Cash Flows (unaudited)                                                   |                                                                             
|                               |          |                                                                                        | Three Months Ended March 31, 2015 and March 31, 2014                        
|                               |          | Notes to Financial Statements (unaudited)                                              | F 4                                                                         
|                               | Item 2.  | Management's Discussion and Analysis of Financial Condition 
and Results of Operations | 11                                                                          
|                               | Item 3.  | Quantitative and Qualitative Disclosures About Market Risk.                            | 13                                                                          
|                               | Item 4.  | Controls and Procedures.                                                               | 17                                                                          
|                               |          |                                                                                        |                                                                             
|PART II - OTHER INFORMATION    |         
|                               |          |                                                                                        |                                                                             
|                               | Item 1.  | Legal Proceedings                                                                      | 19                                                                          
|                               | Item 1A. | Risk Factors.                                                                          | 19                                                                          
|                               | Item 2.  | Unregistered Sales of Equity Securities and Use of Proceeds                            | 20                                                                          
|                               | Item 3.  | Defaults Upon Senior Securities                                                        | 20                                                                          
|                               | Item 4.  | Submission of Matters to a Vote of Security Holders                                    | 20                                                                          
|                               | Item 5.  | Other Information                                                                      | 20                                                                          
|                               | Item 6.  | Exhibits                                                                               | 20                                                                          



1



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Part I.  -  Financial Information



MATTER OF FORWARD-LOOKING STATEMENTS



THIS FORM 10-Q CONTAINS "FORWARD-LOOKING STATEMENTS" THAT CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES.  MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING,  BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY'S MARKETING PLANS, GOALS, COMPETITIVE CONDITIONS, REGULATIONS THAT AFFECT PUBLIC COPMPANIES THAT HAVE NO EXISTING BUSINESS AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS.  NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED.  ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND IMPORTANT FACTORS DESCRIBED IN THIS FORM 10-Q FOR AMERICAN HOME ALLIANCE CORPORATION, INCLUDING, BUT NOT LIMITED TO THE MATTERS SET FORTH IN MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. THE RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE RISK FACTORS AND UNCERTAINTIES SET FORTH IN ITEM 1A, RISKS ASSOCIATED WITH A SMALL COMPANY THAT IS AN INSOLVENT "SHELL COMPANY", THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS.  WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS FORM 10-Q OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.



As used herein, the term "the Company," "we,"  "us," and "our" refer to American Home Alliance Corporation, a Delaware corporation unless otherwise noted.



2



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Item 1.  Financial Statements



PLS CPA, A PROFESSIONAL CORP.t



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Report of Independent Registered Public Accounting Firm

To the Board of Directors of
American Home Alliance Corporation



We have reviewed the accompanying balance sheet of American Home Alliance Corporation (A Development Stage "Company") as of March 31, 2015, and the related statements of operations, and cash flows for the three months ended March 31, 2015 and 2014 and for the period from January 20, 1978 (inception) through March 31, 2015. These financial statements are the responsibility of the Company's management.



We conducted our review in accordance with the standards of the Public Company Accounting Oversight Board (United States).  A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters.  It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole.  Accordingly, we do not express such an opinion.



Based on our review, we are not aware of any material modifications that should be made to the financial statements referred to above for them to be in conformity with U.S. generally accepted accounting principles.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  Because of the Company's current status and limited operations there is substantial doubt about its ability to continue as a going concern.  Management's plans in regard to its current status are also described in Note 4.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.





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Registered with the Public Company Accounting Oversight Board
3



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|AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Balance Sheets
|-------------------------------------------------------------------------------
|                                                                               
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|                                                                               
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|                                                                               
|ASSETS                                                                         
|                                                                               
|Current Assets                                                                 
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|                                                                               
|Total Current Assets                                                           
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
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|LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)                                   
|                                                                               
|Current Liabilities                                                            
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|Total Current Liabilities                                                      
|                                                                               
|Long-Term Liabilities                                                          
|                                                                               
|Total Long-Term Liabilities                                                    
|                                                                               
|                                                                               
|                                                                               
|Stockholders' Equity (Deficit)                                                 
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|Total Stockholders' Equity (Deficit)                                           
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               
|                                                                               

See Notes to Financial Statements
F 1

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|AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Statements of Operations (Unaudited)
|-----------------------------------------------------------------------------------------------------
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|Revenues                                                                                             
|                                                                                                     
|                                                                                                     
|Total Revenues                                                                                       
|                                                                                                     
|Operating Costs                                                                                      
|                                                                                                     
|                                                                                                     
|                                                                                                     
|Total Operating Costs                                                                                
|                                                                                                     
|Other Income & (Expenses)                                                                            
|                                                                                                     
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|                                                                                                     
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|Total Other Income & (Expenses)                                                                      
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|                                                                                                     
|Net Loss                                                                                             
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|Basic loss per share                                                                                 
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|Weighted average number of 
common shares outstanding                                                
|                                                                                                     
|                                                                                                     
|                                                                                                     

See Notes to Financial Statements
F 2

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|AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Statements of Cash Flows (Unaudited)
|-----------------------------------------------------------------------------------------------------
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|CASH FLOWS FROM OPERATING ACTIVITIES                                                                 
|Net income (loss)                                                                                    
|Adjustments to reconcile net income to net cash provided by (used in) operating activities:          
|Changes in operating assets and liabilities:                                                         
|Increase (decrease) in accounts payable                                                              
|Increase (decrease) in interest payable                                                              
|                                                                                                     
|Net cash provided by (used in) operating activities                                                  
|                                                                                                     
|CASH FLOWS FROM INVESTING ACTIVITIES                                                                 
|Net cash provided by (used in) investing activities                                                  
|                                                                                                     
|CASH FLOWS FROM FINANCING ACTIVITIES                                                                 
|Proceeds from issuance of common stock                                                               
|Proceeds from issuance of preferred stock                                                            
|Proceeds from issuance of paid-in capital                                                            
|Note payable - related party                                                                         
|                                                                                                     
|Net cash provided by (used in) financing activities                                                  
|                                                                                                     
|                                                                                                     
|Net increase (decrease) in cash                                                                      
|                                                                                                     
|Cash at beginning of period                                                                          
|                                                                                                     
|                                                                                                     
|Cash at end of period                                                                                
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
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|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                   
|                                                                                                     
|Interest paid                                                                                        
|                                                                                                     
|                                                                                                     
|                                                                                                     
|                                                                                                     
|Income taxes paid                                                                                    
|                                                                                                     
|                                                                                                     
|                                                                                                     

See Notes to Financial Statements
F 3

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AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Notes to Financial Statements (Unaudited)
As of March 31, 2015

NOTE 1.  ORGANIZATION AND DESCRIPTION OF BUSINESS



American Home Alliance Corporation (the Company) was incorporated under the laws of the State of Delaware on January 20, 1987.



The Company has not generated revenues from its planned principal operations and is considered a development stage company as that term is defined by Financial Accounting Standard Board ("FASB") Accounting Standards Codification ("ASC") 915, Development Stage Entities.



NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.  Basis of Accounting



The Company's financial statements are prepared using the accrual method of accounting.  The Company has elected a December 31, year-end.



b.  Interim Financial Statements



The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and valuation of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.



c.Use of Estimates



The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and valuation of long-lived assets and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.



d.  Basic Earnings per Share



The basic earnings (loss) per share are calculated by dividing the Company's net income available to common shareholders by the weighted average number of common shares during the year. The diluted earnings (loss) per share is calculated by dividing the Company's net income (loss) available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.



Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.



e.  Cash Equivalents



The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.



f.  Stock Based Compensation



We follow ASC 718-10, "Stock Compensation", which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions.  ASC 718-10 is a revision to SFAS No. 123, "Accounting for Stock-Based Compensation," and supersedes Accounting Principles Board ("APB") Opinion No. 25, "Accounting for Stock Issued to Employees," and its related implementation guidance.  SC 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).  Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized.  The Company has not adopted a stock option plan and has not granted any stock options.  The Company granted stock awards, at par value, to its officers, directors and advisors for services rendered in its formation.  Accordingly, stock-based compensation has been recorded to date.

F 4

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AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Notes to Financial Statements (Unaudited)
As of March 31, 2015

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)



g.  Income Taxes



The Company recognizes deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company's financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities using enacted rates in effect in the years during which the differences are expected to reverse and upon the possible realization of net operating loss carry-forwards. Additionally, the Company has not recognized any amount for a tax position taken or expected to be taken on its tax return, or for any interest or penalties.



h.  New Accounting Pronouncements:



In January 2013, the FASB issued ASU No. 2013-01, "Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities". This ASU clarifies that the scope ofASU No. 2011-11, "Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities." applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in FASB Accounting Standards Codification or subject to a master netting arrangement or similar agreement. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning on or after January 1, 2013.



In February 2013, the FASB issued ASU No. 2013-02, "Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income." The ASU adds new disclosure requirements for items reclassified out of accumulated other comprehensive income by component and their corresponding effect on net income. The ASU is effective for public entities for fiscal years beginning after December 15, 2013.



In February 2013, the Financial Accounting Standards Board, or FASB, issued ASU No. 2013-04, "Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for which the Total Amount of the Obligation Is Fixed at the Reporting Date."  This ASU addresses the recognition, measurement, and disclosure of certain obligations resulting from joint and several arrangements including debt arrangements, other contractual obligations, and settled litigation and judicial rulings. The ASU is effective for public entities for fiscal years, and interim periods within those years, beginning after December 15, 2013.



In March 2013, the FASB issued ASU No. 2013-05, "Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity." This ASU addresses the accounting for the cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The guidance outlines the events when cumulative translation adjustments should be released into net income and is intended by FASB to eliminate some disparity in current accounting practice. This ASU is effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2013.



In March 2013, the FASB issued ASU 2013-07,"Presentation of Financial Statements (Topic 205): Liquidation Basis of Accounting." The amendments require an entity to prepare its financial statements using the liquidation basis of accounting when liquidation is imminent. Liquidation is imminent when the likelihood is remote that the entity will return from liquidation and either (a) a plan for liquidation is approved by the person or persons with the authority to make such a plan effective and the likelihood is remote that the execution of the plan will be blocked by other parties or (b) a plan for liquidation is being imposed by other forces (for example, involuntary bankruptcy). If a plan for liquidation was specified in the entity's governing documents from the entity's inception (for example, limited-life entities), the entity should apply the liquidation basis of accounting only if the approved plan for liquidation differs from the plan for liquidation that was specified at the entity's inception. The amendments require financial statements prepared using the liquidation basis of accounting to present relevant information about an entity's expected resources in liquidation by measuring and presenting assets at the amount of the expected cash proceeds from liquidation. The entity should include in its presentation of assets any items it had not previously recognized under U.S. GAAP but that it expects to either sell in liquidation or use in settling liabilities (for example, trademarks). The amendments are effective for entities that determine liquidation is imminent during annual reporting periods beginning after December 15, 2013, and interim reporting periods therein. Entities should apply the requirements prospectively from the day that liquidation becomes imminent. Early adoption is permitted.



In June 2014, the FASB issued ASU 2014-10, "Development Stage Entities (Topic 915): Elimination of Certain Financial Requirements"The objective of the amendments in this Update is to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements for development stage entities. Users of financial statements of development stage entities told the Board that the development stage entity distinction, the inception-to-date information, and certain other disclosures currently required under U.S. generally accepted accounting principles (GAAP) in the financial statements of development stage entities provide information that has limited relevance and is generally not decision useful. As a result, the amendments in this Update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby improving financial reporting by eliminating the cost and complexity associated with providing that information.



In August 2014, the FASB issued  ASU 2014-15 "Presentation of Financial Statements - Going Concern (Subtopic 205-40) Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern". Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity's liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity's liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements-Liquidation Basis of Accounting.



In January 2015, the FASB issued ASU 2015-01 "Income Statement - Extraordinary and Unusual Items (Subtopic 225-20) Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items".This update eliminates from GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement-Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions



Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.



NOTE 3.  WARRANTS AND OPTIONS

There are no warrants or options outstanding to acquire any additional shares of common.



NOTE 4.  GOING CONCERN



The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  The Company generated net losses of $2,924,321 during the period from January 20, 1987 (inception) to March 31, 2015.  This condition raises substantial doubt about the Company's ability to continue as a going concern. The Company's continuation as a going concern is dependent on its ability to meet its obligations, to obtain additional financing as may be required and ultimately to attain profitability.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



Management plans to raise additional funds through debt or equity offerings.  There is no guarantee that the Company will be able to raise any capital through any type of offerings.

F 5

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AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Notes to Financial Statements (Unaudited)
As of March 31, 2015

NOTE 5.  RELATED PARTY TRANSACTION



The Company neither owns nor leases any real or personal property.  A director provides office services without charge.  Such costs are immaterial to the financial statements and accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities as they become available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.



As of March 31, 2015 the Company has a note payable due to International Credit Bureau, Inc. (a related party) in the amount of $207,116.  This is an unsecured loan with an interest rate of 3%.  Total interest recorded for the period ended March 31, 2015 was $1,490.  As of March 31, 2015 accrued interest is $35,528.



NOTE 6.  INCOME TAXES



|                                | As of 
March 31, 2015
|------------------------------- | ---------------------
|                                |                      
|Deferred tax assets:            |                      
|Net operating tax carryforwards | $ 994,099            
|Other                           | -0-                  
|                                |                      
|Gross deferred tax assets       | 994,099              
|Valuation allowance             | (994,099)            
|                                |                      
|Net deferred tax assets         | $    -0-             
|                                |                      
|                                |                      
|                                |                      



Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carryforwards are expected to be available to reduce taxable income.  As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance.

F 6

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AMERICAN HOME ALLIANCE CORPORATION
(A Development Stage Company)
Notes to Financial Statements (Unaudited)
As of March 31, 2015

NOTE 7.  STOCK TRANSACTIONS



Transactions, other than employees' stock issuance, are in accordance with FASB ASC 505-50. Thus issuances shall be accounted for based on the fair value of the consideration received. Transactions with employee's stock issuance are in accordance with FASB ASC 718. These issuances shall be accounted for based on the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more readily determinable.



As of March 31, 2015, the Company had 3,707,500 shares of common stock issued and outstanding.



NOTE 8.  STOCKHOLDERS' EQUITY



The stockholders' equity section of the Company contains the following classes of capital stock as of March 31, 2015:



- Common stock, $ 0.001 par value: 50,000,000 shares authorized; 3,707,500 shares issued and outstanding.

F 7

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Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations



Company Background



We are a Delaware corporation and we originally carried the name Imperial Group I, Ltd. ("the Company"). We were incorporated in the State of Delaware on January 20, 1987.  At the time of our formation, we sought to become a public shell and to acquire one or more operating businesses.  To this end, we conducted a self-underwritten public offering of $112,500 of our common stock commencing on September 18, 1987. Following the offering and through April 1991, we remained without any operations and we were unsuccessful in acquiring any operating business.



In March 1991 we changed our corporate name to Ancona Group, Ltd. and in May 1991 our Board of Directors approved the exchange of 3,250,000 shares of the Company's common stock to acquire 100% of the outstanding common stock of Summit Fine Arts, Inc. and Valparaiso Industries, Inc. from Harlan, Michael, & Edwards ("HME").  As a result, HME held a controlling interest in the Company at that time.  Throughout the period from January 20, 1987 through December 31, 1992, the Company remained a development-stage company.  During the first six months of 1993, we had some limited success in selling artwork that we acquired from Summit Fine Arts, Inc.  At the time, we specialized in the art liquidation and brokerage and resale business.  This strategy was founded on efforts to obtain discounts from multiple art publishers that would allow us to offer discounts ranging from 30% to 50% on gallery art to the general public.  On June 30, 1993 and through our subsidiary, Summit Fine Arts, Inc., we liquidated all of our inventory and rights to produce artwork in exchange for certain notes receivable.



Following the liquidation of our artwork assets and through an action of a majority of the stockholders on September 30, 1993, we changed our name to American Home Alliance Corporation.  Although we changed our name, we pursued a strategy of entering the business of real estate development and construction, through our wholly-owned subsidiary, Valparaiso Industries, Inc. while also pursuing potential acquisitions of one or more operating companies since we remained and currently remain a public "shell company," (as that term is defined in Rule 405 and Rule 144(i) of the Securities Act of 1933, as amended).



During 1995 through this year, we continued our existence as a "public shell" company.  As a result and to the extent that we are able, we seek to merge with or acquire an operating company with operating history and assets or form some form of operating business, if circumstances allow. The exact form and nature of any investment or activity that we may undertake has not yet been determined. In our current condition, the Securities and Exchange Commission has defined and designated our company as a "blind pool" and "blank check" company with all of the unfortunate aspects of that moniker. Since we have only one part-time officer and we have little or no access to any meaningful amount of capital, we face significant obstacles in merging with or acquiring an operating company. There can be no assurance that we will be successful in undertaking any of these efforts.  Moreover, we are insolvent. Our Total Assets equal $2,344 as of March 31, 2015 and our Total Liabilities, as of that date, equaled $246,094. The risks of insolvency are many and our stockholders could lose all of their investment.



If we do not successfully pursue some form of operating business, then our primary activity will likely involve seeking merger or acquisition candidates with whom we may be able to either merge or acquire.  We have not selected any company for acquisition or merger and we do not intend to limit potential acquisition candidates to any particular field or industry, but we do retain the right to limit acquisition or merger candidates, if we so choose, to a particular field or industry. Our plans are in the conceptual stage only and we may or may not pursue any specific investments or business activity. For these reasons, we face significantly greater risks and uncertainties that clearly indicate that any purchase of our common stock or any other security should not be considered by any person who is not clearly able to withstand the total loss of their investment.



We will not restrict our search to any specific business, industry or geographical location, and we may participate in a business venture of virtually any kind or nature.  The discussion of the proposed business under this caption is purposefully general and is not meant to be restrictive of the Company's virtually unlimited discretion to search for and enter into potential business opportunities.



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If market conditions allow and to the extent of our limited abilities, we may obtain funds in one or more private placements to finance the operation of any acquired business.  Persons purchasing securities in these placements and other shareholders will likely not have the opportunity to participate in the decision relating to any acquisition and each holder or investor will not likely have any ability to re-sell our common stock pursuant to Rule 144 until or unless we are successful in "curing" our "shell company" status as provided by Rule 144(i) of the Securities Act of 1933, as amended.  Our current and proposed business is sometimes referred to as a "blind pool" because any investors will entrust their investment monies to our management before they have a chance to analyze any ultimate use to which their money may be put.  Consequently, any potential success that we may have is heavily dependent on our limited management, which will have virtually unlimited discretion in searching for and entering into a business opportunity.  There can be no assurance that the Company will be able to raise any funds in private placements.



We anticipate that if circumstances allow we may only participate in one potential business venture which may or may not involve the residential housing industry.  This lack of diversification should be considered a substantial risk in investing in the Company because it will not permit us to offset potential losses from one venture against gains from another.



We may seek a business opportunity with a firm which only recently commenced operations, or a developing company in need of additional funds for expansion into new products or markets, or seeking to develop a new product or service, or an established business which may be experiencing financial or operating difficulties and is in the need for additional capital which is perceived to be easier to raise by a public company.  In some instances, a business opportunity may involve the acquisition or merger with a corporation which does not need substantial additional cash but which desires to establish a public trading market for its common stock. If market conditions and circumstances allow, we may purchase assets and establish wholly owned subsidiaries in various businesses or purchase existing businesses as subsidiaries.



We anticipate that the selection of a business opportunity in which to participate will be complex and extremely risky.  Because of general economic conditions, rapid technological advances being made in some industries, and shortages of available capital, management believes that there are numerous firms seeking the benefits of a publicly traded corporation.  Such perceived benefits of a publicly traded corporation may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for the principals of a business, creating a means for providing incentive stock options or similar benefits to key employees, providing liquidity (subject to restrictions of applicable statutes) for all shareholders, and other factors.  Potentially available business opportunities may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.



As is customary in the industry, we may pay a finder's fee for locating an acquisition prospect.  If any such fee is paid, it will be approved by our Board of Directors and will be in accordance with the industry standards.  Such fees are customarily between 1% and 5% of the size of the transaction, based upon a sliding scale of the amount involved.  Such fees are typically in the range of 5% on a 40,000,000 transaction ratably down to 1% in a $4,000,000 transaction.



We are insolvent and we have insufficient capital with which to provide the owners of business opportunities with any significant cash or other assets.  However, management believes that we may be able to offer owners of business opportunities the opportunity to acquire a controlling ownership interest in a public company at substantially less cost than is required to conduct an initial public offering.



The owners of the business opportunities will, however, incur significant post-merger or acquisition registration costs in the event they wish to register a portion of their shares for subsequent sale.  We will also incur significant legal and accounting costs in connection with the acquisition of a business opportunity including the costs of preparing post-effective amendments, Forms 8-K, agreements and related reports and documents, nevertheless, our sole officer and director has not conducted market research and she not aware of statistical data which would support the perceived benefits of a merger or acquisition transaction for the owners of a business opportunity.



Three Month Periods Ended March 31, 2015 and March 31, 2014























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Liquidity and Capital Resources

A director provides office services without charge.  Such costs are immaterial to the financial statements and accordingly, have not been reflected therein.  The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities as they become available, such persons may face a conflict in selecting between the Company and their other business interests.  The Company has not formulated a policy for the resolution of such conflicts.



As of March 31, 2015 we had a note payable due to International Credit Bureau, Inc. (a related party) (ICBI) of $207,116. This is an unsecured loan. We have no real liquidity and no apparent source of financing apart from the informal arrangement that we have established with ICBI.  On a going-forward basis, we anticipate that we may need as much as $18,000 to $28,000 or more annually merely to maintain our existence and to pay the expenses and costs that we incur to ensure that we can remain a corporate enterprise with all of the attendant responsibilities, filings, and associated documentation. For these and other reasons, the Company's management recognizes serious adverse difficulties and challenges it faces. Apart from the limited assurances that we have received from ICBI, there can be no assurance that we will receive any financing or funding from any source or if any financing should be obtained, that existing shareholders will not incur substantial, immediate, and permanent dilution of their existing investment.



Further, there can be no assurance that we will be successful in obtaining any additional financing, or if the Company receives any additional financing, that any such financing can be obtained on terms that may be deemed reasonable given our current dire financial condition.



Item 3.  Quantitative and Qualitative Disclosures About Market Risk.



Our minimal operations and our securities are subject to a number of substantial risks, including those described below.  If any of these or other risks actually occur, our business, financial condition and operating results, as well as the trading price or value of its securities could be materially adversely affected.  No attempt has been made to rank these risks in the order of their likelihood or potential harm.  In addition to those general risks enumerated elsewhere in the document, any purchaser of the Company's common stock should also consider the following risk factors:



1.  Comparable to a New Company:  No Revenues from Operation; Losses; Risk of Loss.  The Company faces all of the risks inherent in a new business, coupled with the risks involved with a blind pool/blank check company.  Since the Company, subject to shareholder approval, has sold its existing businesses, there is no information at this time upon which to base an assumption that its plans will either materialize or prove successful. Since inception on January 20, 1987, we have experienced continued losses and we have no basis to believe that we will achieve any profitability in the foreseeable future. There can be no assurance that any of the Company's business activities will result in any operating revenues or profits.  Investors should be aware that they may lose all or substantially all of their investment.



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2.  Dormant Company & Potential Difficulties.



3.  No Full-Time Employees.  The Company has no full-time employees and management and none of its officers devote their full time to the Company's proposed business affairs.  None of the officers or directors receives a salary, but are reimbursed for any expenses they may incur in the activities of the Company.  Due to the fact that no salaries are paid to officers of the Company and that members of management are engaged in activities outside the operation of the Company, the ability and speed for the Company to effect a merger or acquisition may be significantly impaired.



4.  Reliance Upon One Officer;  Limited Time to Devote to Company Business.The Company is dependent upon the personal efforts and abilities of its sole officer and director, who devotes only limited time to the affairs of the Company.  She has certain business experience but has almost no experience in acquisition or merger activities.  The officer and director has not agreed to expend any specific amount of time on behalf of the Company, but will devote such time as necessary to identify and consummate a merger or acquisition.



5.Auditor's Opinion:  Going Concern.  The Company's independent auditors have expressed substantial doubt about the Company's ability to continue as a going concern since the Company is an early-stage company, the Company has minimal assets, and there exists only a limited history of operations.



6.  Limited Financial Resources;  Need for Additional Financing.  The Company's financial resources are minimal.  The Company needs to obtain additional financing from the sale of the Company's Common Stock, debt, or some combination thereof in order to undertake further business plans.  The Company's ability to operate as a going concern is contingent upon its receipt of additional financing through private placements or by loans. The Company has, as of March 31, 2015, outstanding debts of $207,116 in the form of a note payable. This note payable is to a related party. Moreover, the transactions with a related party may be viewed as transactions that are the product of a conflict of interest.  A conflict of interest arises whenever a person has an interest on both sides of a transaction.  While the Company believes that the transaction the related party were fair and reasonable and likely at no more costs than that which the Company would obtain from an independent, unrelated third party, there can be no guarantee of that. The Company's business may require additional funds in the future.  There can be no assurance that if additional funds are required they will be available, or, if available, that they can be obtained on terms satisfactory to Management.  In the event the Company elects to issue stock to raise additional capital, any rights or privileges attached to such stock may either (i) dilute the percentage of ownership of the already issued common shares or (ii) dilute the value of such shares.  No rights or privileges have been assigned to the stock and any such rights and privileges will be at the total discretion of the Board of Directors of the Company.  There can be no guarantee that the Company will be able to obtain additional financing, or if successful, that it will be able to do so on terms that are reasonable in light of current market conditions.



7.  No Existing Trading Market for Common Stock.  The Company's Common Stock is currently not traded in any market.  If any trading were to commence in the near future (a highly unlikely event) such trading would likely be limited to the non-OTC Pink Sheets.  In prior years trading for the stock was sporadic and there was only a limited market for the Company's Common Stock. At the present time, there is no public market for the Company's Common Stock, and there can be no assurance that a market will in fact develop.  Even if a market does develop, it may not be sustained and, given the Company's lack of resources, there is a substantial likelihood that the Company's common stock will not to trade in any public market absent the Company receiving additional significant financial resources.



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8.  Limited Facilities and Location.  We presently maintain our principal offices at the offices of our President, Ms. Lisa Norman.  The office space is supplied at no cost.  We pay our own charges for long distance telephone calls and other miscellaneous secretarial, photocopying and similar expenses.  However, the lack of any substantial office facilities may severely limit our ability to ever undertake any implementation of our business plan or allow us to acquire or develop any business.



9.  Lack of Revenues And Development Stage Company.  The Company faces all of the risks inherent in a new business.  There is no information at this time upon which to base an assumption that its plans will either materialize or prove successful.  The Company may or may not pursue any business in the residential housing industry.  The Company's present business and plans have not been determined. There can be no assurance that any of the Company's business activities will result in any operating revenues or profits.  Investors should be aware that they may lose all or substantially all of their investment.



10.  Lack of Dividends.  We have not paid dividends and we do not contemplate paying dividends in the foreseeable future.  We have only minimal assets and no operations.



11.Insolvency.  We had, as of March 31, 2015, total liabilities of $246,094 and only $2,344 in Total Assets. Thus we are insolvent.  There can be no assurance that we can avoid adverse action by any creditor which would likely result in the total loss of a stockholders' investment.



12.  Competition.  We are  an insignificant participant among firms which engage in business combinations with, or financing of, development stage enterprises.  There are many established management and financial consulting companies and venture capital firms which have significantly greater financial and personnel resources, technical expertise and experience than the Company.  In view of the Company's limited financial resources and management availability, the Company will continue to be at significant competitive disadvantage vis-avis the Company's competitors.



13.  Regulation & Taxes.  The Investment Company Act of 1940 defines an "investment company" as an issuer which is or holds itself out as being engaged primarily in the business of investing, reinvesting or trading of securities.  While we do not intend to engage in such activities, we could become subject to regulation under the Investment Company Act of 1940 in the event the Company obtains or continues to hold a minority interest in a number of development stage enterprises.  The Company could be expected to incur significant registration and compliance costs if required to register under the Investment Company Act of 1940.  Accordingly, management will continue to review the Company's activities from time to time with a view toward reducing the likelihood the Company could be classified as an "investment company."  The Company intends to structure a merger or acquisition in such manner as to minimize Federal and State tax consequences to the Company and to any target company.



14.  Status as a Shell Company & Rule 144(i).  We are a "shell company" as that term is defined in Rule 144(i) of the Securities Act of 1933, as amended.  As a result, unless or until we file the required "Form 10-type information" with the Commission and, at the same time, have non-cash assets (or operations) that are not nominal and thereafter for a period of at least one year after the filing of the "Form 10 type information", we will not we said to have "cured" our shell company status. Further to "cure" the shell company status, we will also need to prepare and file with the Commission all of our Form 10-Qs and our Form 10-Ks and maintain non-cash assets (or operations) that are not nominal for a period of at least one year thereafter.  For as long as we remain a "shell company," all stockholders of the Company cannot use or claim the exemption provided by Rule 144.  In effect, that means that stockholders will not have an effective ability to undertake any public re-sale of any of our common stock.



15.  Risks of Low Priced Stocks.  Currently, our common stock is not trading in any market and there is no certain prospect that the Company's common stock will regain any trading in any organized market.  In the past, the Company's common stock had only limited and sporadic trading in the so-called "pink sheets," and before that, on the "Electronic Bulletin Board."  As a result and due to the absence of a market, a shareholder may find it more difficult to dispose of, or to obtain accurate quotations as to the price of, the Company's securities.  In the absence of a security being quoted on NASDAQ, or the Company having $2,000,000 in net tangible assets, trading in the Common Stock is covered by Rule 3a51-1 promulgated under the Securities Exchange Act of 1934 for non-NASDAQ and non-exchange listed securities.  Under such rule, broker/dealers who recommend such securities to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals with net worth in excess of $1,000,000 or an annual income exceeding $200,000 or $300,000 jointly with their spouse) must make a special written suitability determination for the purchaser and receive the purchaser's written agreement to a transaction prior to sale.



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Securities are also exempt from this rule if the market price is at least $5.00 per share, or for warrants, if the warrants have an exercise price of at least $5.00 per share.  The Securities Enforcement and Penny Stock Reform Act of 1990 requires additional disclosure related to the market for penny stocks and for trades in any stock defined as a penny stock.  The Commission has recently adopted regulations under such Act which define a penny stock to be any NASDAQ or non-NASDAQ equity security that has a market price or exercise price of less than $5.00 per share and allow for the enforcement against violators of the proposed rules.



In addition, unless exempt, the rules require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule prepared by the Commission explaining important concepts involving the penny stock market, the nature of such market, terms used in such market, the broker/dealer's duties to the customer, a toll-free telephone number for inquiries about the broker/dealer's disciplinary history, and the customer's rights and remedies in case of fraud or abuse in the sale.



Disclosure also must be made about commissions payable to both the broker/dealer and the registered representative, current quotations for the securities, and if the broker/dealer is the sole market-maker, the broker/dealer must disclose this fact and its control over the market.



Finally, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks.  While many NASDAQ stocks are covered by the proposed definition of penny stock, transactions in NASDAQ stock are exempt from all but the sole market-maker provision for (i) issuers who have $2,000,000 in tangible assets ($5,000,000 if the issuer has not been in continuous operation for three years), (ii) transactions in which the customer is an institutional accredited investor and (iii) transactions that are not recommended by the broker/dealer.  In addition, transactions in a NASDAQ security directly with the NASDAQ market-maker for such securities, are subject only to the sole market-maker disclosure, and the disclosure with regard to commissions to be paid to the broker/dealer and the registered representatives.



Finally, all NASDAQ securities are exempt if NASDAQ raised its requirements for continued listing so that any issuer with less then $2,000,000 in net tangible assets or stockholder's equity would be subject to delisting.  These criteria are more stringent than the proposed increased in NASDAQ's maintenance requirements.



The Company's securities are subject to the above rules on penny stocks and the market liquidity for the Company's securities could be severely affected by limiting the ability of broker/dealers to sell the Company's securities.

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Item 4.  Controls and Procedures.



Evaluation of Disclosure Controls and Procedures



We conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures.  The term "disclosure controls and procedures," as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended ("Exchange Act"), means controls and other procedures of a company that are designed to ensure that information required to be disclosed by the company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms.  Disclosure controls and procedures also include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.  Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded as of March 31, 2015, that our disclosure controls and procedures are effective to a reasonable assurance level of achieving such objectives.  However, it should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote.



Management's Report on Internal Control Over Financial Reporting



Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act.  Our internal control over financial reporting is designed 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.  The internal controls for the Company are provided by executive management's review and approval of all transactions.  Our internal control over financial reporting also includes those policies and procedures that:



(1)  pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;



(2)  provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and



(3)  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.



Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.



Management assessed the effectiveness of the Company's internal control over financial reporting as of December 31, 2014.  In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework.  Management's assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.



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Based on this assessment, management has concluded that as of December 31, 2014, our internal control over financial reporting was effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

This annual report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting.  Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during our fiscal quarter ended March 31, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION





|Item 1.                                     | Legal Proceedings                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                            | None.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Item 1A.                                    | Risk Factors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | In addition to the risks and uncertainties set forth above in Item 3, we are also subject to other risks and uncertainties relating to our status as a "shell company" and our limited managerial and financial resources.  These risks and uncertainties are largely beyond our control but include the following:                                                                                                                                                                                                                                                                                                                                                                              
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We are a "shell company" and we are insolvent with the result that we will likely require significant additional capital.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | If we to acquire an existing business or finance a proposed business that we develop, we will likely require a significant amount of additional capital since we are insolvent.  We cannot assure you that we can obtain additional capital or, if we do, that we can obtain it in a timely fashion and on terms that are reasonable in light of our current circumstances.                                                                                                                                                                                                                                                                                                                      
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We have limited management and limited staff resources to manage our business.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We have one officer and one director, Lisa Norman, and we have no present plans to increase our management and staff at the present time.  While we believe that this policy is prudent and appropriate in our circumstances, the lack of additional officers, directors, and additional support staff serves to limit our ability to conduct in-depth evaluations of our business, our strategy, our competitive environment, and other critical aspects of our business.  As a result, we may be successful in correctly identifying competitive and industry trends or, for that matter, in  developing strategies that will respond effectively to the ever-changing competitive environment.
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We have no "key man" life insurance on the life of Lisa Norman.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | Currently, we maintain no "key man" life insurance on the life of Lisa Norman and we have no plans to purchase any such insurance in the future.  In the event that Ms. Norman becomes ill or incapacitated or in the event of her death, we may be exposed to significant and protracted losses.                                                                                                                                                                                                                                                                                                                                                                                                
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|Risks Related to the Company's Common Stock
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | Our Common Stock is not currently in any market and there can be no assurance that it will ever regain any tradability in any established trading market.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | Our Common Stock is not traded anywhere and there can be no assurance that it will ever regain any tradability in any  market. This will likely continue to limit the attractiveness of our Common Stock and also limit the interest that investors and the overall market may have in our Common Stock.  For these and other reasons, we cannot assure you that our stock will ever increase in value.                                                                                                                                                                                                                                                                                          
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We are a "shell company" and the securities of shell companies are not viewed as viable investments.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|                                            | We are still a "shell company" (as that term is used in Rule 405 of the Securities Act of 1933, as amended and Rule 12b-2 of the Securities Exchange Act of 1934, as amended).  We have almost no assets and no business.  Our future is subject to many risks and uncertainties and the future course of our company and the market price of the Company's Common Stock cannot be predicted or evaluated in any historical context.  For these reasons alone, the purchase of our Common Stock should be viewed as "HIGH RISK" and as an appropriate investment reserved exclusively for persons who can afford the total loss of their entire investment.                                      

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|Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds
|------- | -----------------------------------------------------------
|        | None.                                                      
|        |                                                            
|Item 3. | Defaults Upon Senior Securities                            
|        | None.                                                      
|        |                                                            
|Item 4. | Submission of Matters to a Vote of Security Holders        
|        | None.                                                      
|        |                                                            
|Item 5. | Other Information                                          
|        | None.                                                      
|        |                                                            
|Item 6. | Exhibits.                                                  
|        |                                                            
|        | Number                                                     
|        | 31.1                                                       
|        | 31.2                                                       
|        | 32.1                                                       
|        | 32.2                                                       



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SIGNATURE









|                    | American Home Alliance Corporation                
|------------------- | --------------------------------------------------
|                    |                                                   
|Date:  May 27, 2015 | /s/ Lisa NormanLISA NORMAN
Chief Executive Officer
|                    |                                                   
|Date:  May 27, 2015 | /s/ Lisa NormanLISA NORMAN
Chief FinancialOfficer 



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