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


                                FORM 10-QSB/A


            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].















                               TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

  Item 1.  Financial Statements

           Condensed Balance Sheets as of June 30, 2005
           and December 31, 2004 (unaudited)                           3-4

           Condensed Statements of Operations for the three and six
           month periods ended June 30, 2005 and 2004 (unaudited)       5

           Condensed Statements of Cash Flows for the six month
           periods ended June 30, 2005 and 2004 (unaudited)             6

           Condensed Statement of Stockholders' Equity (Deficit)
           for the three month period ended June 30, 2005 (unaudited)   7

           Notes to Condensed Financial Statements (unaudited)         8-9

  Item 2.  Management's Discussion and Analysis of
           Financial Condition and Results of Operations              10-12

  Item 3.  Controls and Procedures                                      13

PART II.   OTHER INFORMATION

  Item 1.  Legal Proceedings                                            14

  Item 2.  Changes in Securities                                        14

  Item 3.  Defaults Upon Senior Securities                              14

  Item 4.  Submission of Matters to a Vote of Security Holders          14

  Item 5.  Other Information                                            14

  Item 6.  Exhibits and Reports on Form 8-K                             14

           Signatures                                                   15

Certifications
    Exhibit 31
    Exhibit 32













                                    2



Item 1.  Financial Statements

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

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




















The accompanying notes are an integral part of these financial statements.

                                    3


                  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, 200,000,000 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.

                                    4


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


                                Three Months               Six Months
                               Ending June 30,           Ending June 30,
                           -----------------------   -----------------------
                              2005         2004         2005         2004
                           ----------   ----------   ----------   ----------

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
                           ==========   ==========   ==========   ==========




The accompanying notes are an integral part of these financial statements.

                                      5


                     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 these financial statements.

                                    6



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

<TABLE>
<CAPTION>


                                                               Additional                   Total
                       Preferred Stock     Common Stock         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 these financial statements.

                                       7


                     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.
















                                    8



                   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.


































                                    9



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.

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.





                                   10




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

Results of Operations (Continued)

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.

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.

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.




                                    11



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

Risk Factors, Trends & Uncertainties (Continued)

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.













                                    12


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.








































                                    13




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

















                                    14



                                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:  September 22, 2005









































                                    15