United States
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


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

                  For the Quarterly Period Ended: June 30, 2005

                         Commission File Number: 0-18974



                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
        (Exact name of small business issuer as specified in its charter)


             Florida                                      65-0142815
(State or other jurisdiction of               (IRS Employer Identification No.)
 incorporation or organization)


                     27180 State Highway T, Excello MO 65247
                    (Address of principal executive offices)


                                 (660) 775-2589
                           (Issuer's telephone number)

                         Jordan American Holdings, Inc.
             (Former Name of registrant as specified in its charter)

Check whether the Issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 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 .

As of June 30, 2005, there were 14,217,266 shares of common stock, par value
$0.001 per share, outstanding.

Transitional Small Business Disclosure Format (check one):   Yes     No  X .
                                                                ---     ---

<PAGE>




TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

       Item 1.    Financial Statements


           Condensed Balance Sheets as of June 30, 2005
           and December 31, 2004 (unaudited)                                 1-2


           Condensed Statements of Operations for the three and six
           month periods ended June 30, 2005 and 2004 (unaudited)             3


           Condensed Statements of Cash Flows for the six month
           periods ended June 30, 2005 and 2004 (unaudited)                   4


           Condensed Statement of Stockholders' Equity (Deficit) for the
           three month period ended June 30, 2005 (unaudited)                5

           Notes to Condensed Financial Statements (unaudited)               6-7


       Item 2.    Management's Discussion and Analysis of
                  Financial Condition and Results of Operations             8-11


       Item 3.    Controls and Procedures                                    12


   PART II.OTHER INFORMATION
       Item 6.    Exhibits and Reports on Form 8-K                           13


           Signatures                                                        14

           Certifications
                    Exhibit 31
                    Exhibit 32


<PAGE>
<TABLE>
<CAPTION>

Item 1.  Financial Statements

                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                            CONDENSED BALANCE SHEETS
                                   (Unaudited)

                                                               June 30,     December 31,
                                                                 2005           2004
                                                             ------------   ------------
<S>                                                          <C>            <C>

ASSETS

CURRENT ASSETS
   Cash                                                      $      7,578   $      5,912
   Deposit with clearing broker                                    25,212         25,669
   Interest receivable                                               --           19,308
   Other receivables                                                2,930          5,036
                                                             ------------   ------------

   Total current assets                                            35,720         55,925

FIXED ASSETS
   Property and equipment (net of accumulated depreciation
    of $ 31,610 and $ 27,125 respectively)                         11,117         10,463

TOTAL ASSETS                                                 $     46,836   $     66,388
                                                             ============   ============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                     $    370,874   $    364,593
   Shareholder payable                                            141,518        117,712
   Deferred revenues                                                2,542          2,542
                                                             ------------   ------------


   Total Current Liabilities                                      514,934        484,847

</TABLE>



   The accompanying notes are an integral part of these financial statements.
                                        1
<PAGE>

                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                            CONDENSED BALANCE SHEETS
                                  (Unaudited)
                                  (continued)

                                                 June 30,     December 31,
                                                   2005           2004
                                               -----------    -----------

STOCKHOLDERS' EQUITY
   Preferred stock variable rate,
   cumulative, convertible, non-voting,
   $0.01 par value, $1.00 liquidation
   value, authorized 5,000,000 shares
   issued and outstanding, 2,000,000                20,000         20,000
   Common stock $0.001 par value,
   authorized, 20,000,000 shares: issued and
   outstanding 14,217,266 shares                    14,217         14,217
   Additional paid-in capital                    4,463,657      4,463,657
   Accumulated deficit                          (4,965,971)    (4,916,333)
                                               -----------    -----------

   Total Stockholders' Equity                     (468,097)      (418,459)
                                               -----------    -----------


TOTAL LIABILITIES AND STOCKHOLDERS'
   EQUITY                                      $    46,836    $    66,388
                                               ===========    ===========



   The accompanying notes are an integral part of these financial statements.
                                        2
<PAGE>
<TABLE>
<CAPTION>

                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                Three Months                      Six Months
                                               Ending June 30,                 Ending June 30,
                                        ----------------------------    ----------------------------
                                            2005            2004            2005            2004
                                        ------------    ------------    ------------    ------------
<S>                                     <C>             <C>             <C>             <C>
Revenue
  Commission income                     $      8,222    $     14,229    $     13,451    $     37,400
  Investment advisory fees                      --               763          10,484           9,595
                                        ------------    ------------    ------------    ------------
Total revenue                                  8,222          14,992          23,935          46,995

Operating expenses:
  General and administrative expenses         39,672          26,954          74,231          66,712
                                        ------------    ------------    ------------    ------------

Income (Loss) from operations                (31,450)        (11,962)        (50,296)        (19,717)

Other income (expense):
  Dividend and interest income                   341          12,438             649          24,950
  Other income (net)                            --              --                 9              75
                                        ------------    ------------    ------------    ------------
Total other income                               341          12,438             658          25,025
                                        ------------    ------------    ------------    ------------

Net income (loss) before income tax          (31,109)            476         (49,638)          5,308

   Income taxes                                 --                33            --              (141)
                                        ------------    ------------    ------------    ------------

Net income (loss)                       $    (31,109)   $        443    $    (49,638)   $      5,167
                                        ============    ============    ============    ============

Net income (loss) per share                    (0.00)           0.00           (0.00)           0.00
                                        ============    ============    ============    ============

Weighted average shares of
  common stock outstanding

     Basic                                14,217,266      14,217,266      14,217,266      14,217,266
                                        ============    ============    ============    ============

     Diluted                              14,217,266      14,217,266      14,217,266      14,217,266
                                        ============    ============    ============    ============

</TABLE>


     The accompanying notes are an integral part of thefinancial statements.
                                        3
<PAGE>

                    GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                       CONDENSED STATEMENTS OF CASH FLOWS
                                  (Unaudited)


                                                          Six Months Ending
                                                               June 30,
                                                         2005           2004
                                                         ----           ----
CASH FLOWS FROM OPERATIONS
Net income (loss)                                    $   (49,638)   $     5,167
Adjustments to reconcile net income (loss) to net
  cash flows from operations:
   Depreciation and amortization                           1,511          1,605
   Changes in operating assets and liabilities:
    Investment advisory fees                                --              476
    Clearing broker                                          457         (5,178)
    Interest receivable                                   19,308          7,326
    Other receivables                                      2,106          1,437
    Receivable from shareholders                          23,806        (13,986)
    Accrued expenses and accounts payable                  1,281        (19,987)
    Deferred revenue                                        --            1,132
                                                     -----------    -----------

    Net cash used by operating activities                 (1,169)       (22,008)

CASH FLOWS FROM INVESTING ACTIVITIES
  Capital Expenditures                                    (2,165)          (479)
                                                     -----------    -----------

    Net cash provided by investing activities             (2,165)          (479)
                                                     -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds from note payable plus accrued interest         5,000          5,000
                                                     -----------    -----------

    Net cash provided by investing activities              5,000          5,000
                                                     -----------    -----------

Net increase (decrease) in cash                            1,666        (17,487)

Cash, beginning of period                                  5,912         18,886
                                                     -----------    -----------

Cash, end of period                                  $     7,578    $     1,399
                                                     ===========    ===========



    The accompanying notes are an integral part of the financial statements.
                                        4
<PAGE>
<TABLE>
<CAPTION>

                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                        STATEMENT OF STOCKHOLDERS' EQUITY
                    For the Three Months Ended June 30, 2005




                                   Preferred Stock              Common Stock          Additional                     Total
                             -------------------------   -------------------------     Paid-In     Accumulated    Stockholders'
                                Shares        Amount        Shares        Amount       Capital       Deficit         Equity
                             -----------   -----------   -----------   -----------   -----------   -----------    -----------
<S>                          <C>           <C>           <C>           <C>           <C>           <C>            <C>
Balance, December 31, 2004     2,000,000   $    20,000    14,217,266   $    14,217   $ 4,463,657   $(4,916,333)   $  (418,459)

Net loss                            --            --            --            --            --         (18,529)       (18,529)
                             -----------   -----------   -----------   -----------   -----------   -----------    -----------

Balance, March 31, 2005        2,000,000   $    20,000    14,217,266   $    14,217   $ 4,463,657   $(4,934,862)   $  (436,988)
                             ===========   ===========   ===========   ===========   ===========   ===========    ===========

Net loss                            --            --            --            --            --         (31,109)       (31,109)
                             -----------   -----------   -----------   -----------   -----------   -----------    -----------

Balance, June 30, 2005         2,000,000   $    20,000    14,217,266   $    14,217   $ 4,463,657   $(4,965,971)   $  (468,097)
                             ===========   ===========   ===========   ===========   ===========   ===========    ===========

</TABLE>



    The accompanying notes are an integral part of the financial statements.
                                        5

<PAGE>

                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2005
                                   (Unaudited)


NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements of GUNDAKER/JORDAN
AMERICAN HOLDINGS, INC. ("the Company") are presented in accordance with the
requirements for Form 10-Q and Article 10 of Regulation S-X and Regulation S-B.
Accordingly, they do not include all of the disclosures required by generally
accepted accounting principles . In the opinion of management, all adjustments
(all of which were of a normal recurring nature) considered necessary to fairly
present the financial position, results of operations, and cash flows of the
Company on a consistent basis, have been made.

These results have been determined on the basis of generally accepted accounting
principles and practices applied consistently with those used in the preparation
of the Company's Annual Financial Statements for the year ending December 31,
2004. Operating results for the three months ending June 30, 2005 are not
necessarily indicative of the results that may be expected for the year ended
December 31, 2005.

The Company recommends that the accompanying condensed financial statements for
the interim period be read in conjunction with Form 10-KSB for the year ending
December 31, 2004.

Use of estimates
The financial statements have been prepared in conformity with accounting
principles generally accepted in the United States of America. In preparing the
financial statements, management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities as of the date of the
statements of financial condition and revenues and expenses for the year then
ended. Actual results may differ significantly from those estimates.

Net Loss Per Share
Basic loss per weighted average common share is computed by dividing the net
loss by the weighted average number of common shares outstanding during the
period. Common stock equivalents are excluded from the computation for the three
months ended June 30, 2005, as their effect is anti-dilative.


                                       6
<PAGE>

                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2005
                                   (Unaudited)


NOTE 2 - GOING CONCERN

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business.

The Company has suffered significant losses, has a working capital deficit as of
the date of this report, and possesses minimal ongoing sources of income
consisting primarily of trailing commissions. The Company hopes obtain funding,
via loans or private placements of stock to pay off debt and provide working
capital. Management is seeking capital in the form of loans or stock private
placements at this time.

The Company's ability to continue as a going concern is dependent upon its
ability to develop additional sources of capital and ultimately, to achieve
profitable operations. The accompanying financial statements do not include any
adjustments that might result from the outcome of these uncertainties.
Management is seeking new capital and opportunities to revitalize the Company.





                                       7
<PAGE>

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

Certain statements contained in this report, including statements concerning the
Company's future cash and financing requirements, and other statements contained
herein regarding matters that are not historical facts, are forward looking
statements; actual results may differ materially from those anticipated.

Company Background and Change in Control

On November 2, 2002, Wallace Neal Jordan reclaimed control of Jordan American
Holdings. At that point, the attempted hostile takeover of the company had
failed, and the rebuilding and restructuring of the company began.

The battle for control of the company had included a proxy battle, which was won
decisively by Mr. Jordan and the shareholders against Charles Clark, A.J. Elko
and the Lamb foundation. Mr. Jordan, subsequently negotiated the purchase from
the previous preferred shareholders, the Lamb Foundation, of all of their
interests in the company, two million shares of preferred stock and 3.85 million
shares of common stock. The purchase of the Lamb Foundations interest was made
by Gordon Gundaker, in the name of the Gordon A. Gundaker Revocable Trust, with
a perpetual proxy for voting privileges granted to Mr. Jordan, and the right to
purchase a 50% interest in the transaction also being granted to Mr. Jordan. At
the time of the completion of the transaction with the Lamb Foundation, Mr.
Jordan, via the proxy and his previous ownership interest, had voting control of
over 50% of the common stock of the company. As a result, the possibility of
there ever existing the need for solicitation of proxys in order to settle any
dispute within the company is done away with.

Mr. Jordan, the founder of the company and largest shareholder, controls the
important decisions affecting the shareholders of the company.







                                       8
<PAGE>

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

Results of Operations

The Company had a net loss for the three month period ended June 30, 2005 of $
(31,109) or $ (0.00) per common share compared to a net profit of $ 443 or $
0.00 per common share for the corresponding period of the previous year. For the
six month period ended June 30, 2005, the Company had a net loss of $ (49,638)
or $ (0.00) per common share compared to a net profit of $ 5,167 or $ 0.00 per
common share for the corresponding period of the previous year.

For the current quarter, the Company was essentially inactive, except for
certain commissions and incidental expenses.

The Company had an operating loss of $ (31,450) for the three months ended June
30, 2005 compared to an operating loss of $ (11,962) for the three months ended
June 30, 2004. This increase in operating loss is primarily due to significantly
lower revenue during this period when compared to the same quarter last year.
For the six month period ended June 30, 2005, the Company had an operating loss
of $ (50,296) compared to an operating loss of $ (19,717) for the corresponding
period of the previous year. This increase in operating loss was primarily due
to significantly lower revenues.

For the three months ended June 30, 2005, revenues totaled $ 8,222 compared to
revenues of
$ 14,992 for the same quarter of 2004, an decrease of approximately 45% due to
decreased commission income during the quarter. For the six months ended June
30, 2005, revenues totaled $ 23,935 compared to $ 46,995 for the same period of
2004.

Selling, general, and administrative ("SG&A") expenses of $ 39,672 were incurred
during the three month period ended June 30, 2005, compared to $ 26,954 for the
comparative period of the previous year. This increase of approximately 47% was
due primarily to rises in professional fees and salaries related expenses. For
the six months ended June 30, 2005, SG&A expenses of $ 74,231 were incurred in
comparison to $ 66,712 for the same period of 2004.

Total other income was $ 341 for the three months ended June 30, 2005, compared
to $ 12,438 for 2004. The reduction in income relates to the variable interest
rate on the Company's investment in Boston Restaurant debentures, which were
sold in the fourth quarter of 2004. For the six months ended June 30, 2005,
total other income was $ 658 compared to $25,025 for the same period of 2004.




                                       9
<PAGE>


Liquidity and Capital Resources

                                           Six months ended June 30,
                                              2005            2004
                                          -----------     -----------

        Operating activities              $    (1,169)    $   (22,008)
        Investing activities                   (2,165)           (479)
        Financing activities                    5,000           5,000
                                          -----------     -----------

        Net effect on cash                $     1,666     $   (17,487)
                                          ===========     ===========

As of June 30, 2005 and the year ended December 31, 2004, the Company had a
deficit in working capital of $ (479,214) and $ (428,922), respectively.







                                       10
<PAGE>


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

Risk Factors, Trends & Uncertainties

Total assets under management and corporate earnings may substantially increase
or decrease due to (1) stock market conditions, including the onset of a
long-term declining, or bear market; (2) performance returns as influenced by
the Company's investment advisory decisions, operational expense and
effectiveness of marketing efforts; (3) competition from mutual funds, other
investment advisory companies and insurance companies; (4) interest rate changes
and other actions taken by the Federal Reserve Board; (5) domestic and
international economic and political conditions, high inflation and/or
recession; (6) trends in business and finance; (7) international events; (8)
acts of terrorism; and (9) other factors.

The Company's affiliated investment adviser, Equity Assets Management, Inc.
("EAM"), is registered with and subject to regulation by the SEC under the
Investment Advisers Act of 1940 and, where applicable, under state advisory
laws. The Company is also subject to regulation by the SEC under the Investment
Company Act of 1940. The Company's affiliate broker-dealer, IMPACT Financial
Network, Inc. ("IFNI") is registered as a broker-dealer with the SEC under the
Securities Exchange Act of 1934 (the "Exchange Act") and, where applicable,
under state securities laws, and is regulated by the SEC, state securities
administrators and the NASD.

By law, investment advisors and broker-dealers are fiduciaries and are required
to serve their clients' interests with undivided loyalty. There is a potential
conflict of interest because of the affiliation between EAM and IFNI. While the
Company believes that its existing relationships are in compliance with
applicable law and regulations, because of this potential conflict of interest,
the SEC may closely examine these relationships. Many aspects of the financial
services industry involve substantial liability risks, including exposure under
federal and state securities laws in connection with the distribution of
securities and investment advisor activities. The Company does not currently
maintain errors and omission insurance policies insuring against this risk.

There can be no assurance that any changes to existing laws, regulations or
rulings promulgated by government entities having jurisdiction over the
Company's investment advisory, broker-dealer, investment company and commodities
trading business will not have an adverse effect upon the business of the
Company.

Since November 2002, the date Mr. Jordan regained operating control of the
Company, a process of restructuring the company for future business activities
has been underway. During this time, the normal business activity of soliciting
and gathering new client assets into accounts for management has not been
undertaken. Once the Company's restructuring is complete, the Company intends to
aggressively pursue the rebuilding of its client base of managed accounts.
However, while the restructuring includes the raising of capital to be used in
operations, until such time as this is accomplished, the revenues generated at
the current level of business may not be sufficient to sustain existing
operations.


                                       11
<PAGE>

ITEM 3.       CONTROLS AND PROCEDURES


As of the end of the period covered by this report, the Company conducted an
evaluation, under the supervision and with the participation of the Chief
Executive Officer/Chief Financial Officer, of the Company's disclosure controls
and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the 1934 Act.
Based on this evaluation, the Chief Executive Officer/Chief Financial Officer
concluded that the Company's disclosure controls and procedures are effective to
ensure that information required to be disclosed by the Company in reports that
it files or submits under the 1934 Act is recorded, processed, summarized and
reported within the time periods specified in Securities and Exchange Commission
rules and forms. There was no change in the Company's internal control over
financial reporting during the Company's most recently completed fiscal quarter
that has materially affected, or is reasonably likely to materially affect, the
Company's internal control over financial reporting.








                                       12
<PAGE>

PART II.  OTHER INFORMATION
Item 1.   Legal Proceedings

          None

Item 2.   Changes in Securities

          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 and Reports on Form 8-K

          (a)   Exhibits

          31    Certification of Chief Executive Officer and Chief Financial and
                Accounting Officer of the Company Accompanying Periodic Reports
                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (as
                filed herewith).


          32    Certification of Chief Executive Officer and Chief Financial and
                Accounting Officer of the Company pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002 (as filed herewith).


          (b)   Reports on Form 8-K

                None



                                       13
<PAGE>

                                   Signatures


In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                                         GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.



                                         By:   /s/ W. Neal Jordan
                                              ---------------------------------
                                              Principal Executive Officer and
                                              Principal Financial and Accounting
                                              Officer
                                              Date:  August __, 2005











                                       14