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: September 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 September 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 September 30, 2005
           and December 31, 2004 (unaudited)                           3-4

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

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

           Condensed Statement of Stockholders' Equity (Deficit) for
           the nine month period ended September 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)

                                               September 30, December 31,
                                                    2005         2004
                                                  ---------   ------------
ASSETS

CURRENT ASSETS
  Cash                                            $     170    $   5,912
  Deposit with clearing broker                       25,223       25,669
  Interest receivable                                     -       19,308
  Other receivables                                   1,877        5,036
                                                  ---------    ---------
     Total current assets                            27,270       55,925

FIXED ASSETS
   Property and equipment (net of accumulated
    depreciation of $ 32,365 and $ 27,125
    respectively)                                    10,361       10,463
                                                  ---------    ---------
TOTAL ASSETS                                      $  37,631    $  66,388
                                                  =========    =========


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable and accrued expenses           $ 374,536    $ 364,593
  Shareholder payable                               180,311      117,712
  Deferred revenues                                   2,542        2,542
                                                  ---------    ---------
     Total Current Liabilities                      554,536      484,847













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

                                    3


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


                                               September 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                            (5,015,090)   (4,916,333)
                                                -----------   -----------
     Total Stockholders' Equity                    (517,216)     (418,459)
                                                -----------   -----------
Total Liabilities and Stockholders'
 Equity                                         $    37,631   $    66,388
                                                ===========   ===========


























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

                                    4

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

<table>                   <C>          <c>          <c>         <c>


                                Three Months               Nine Months
                             Ending September 30,      Ending September 30,
                           -----------------------   -----------------------
                              2005         2004         2005         2004
                           ----------   ----------   ----------   ----------

Revenue
  Commission income        $    4,658   $   4,050    $  18,108    $  41,450
  Investment advisory fees      3,506       2,154       13,990	   11,749
                           ----------   ----------   ----------   ----------
Total revenue                   8,164	  6,204       32,098	   53,199

Operating expenses:
 General and administrative
  expenses                    57,653	514,885	 131,883	  581,597
                           ----------   ----------   ----------   ----------
Income (Loss) from
 operations                  (49,489)    (508,681)	 (99,785)    (528,398)

Other income (expense):
 Dividend and interest
  income                         370	 10,302	   1,019	   35,252
 Other income (net)                -            -            9           75
                           ----------   ----------   ----------   ----------
Total other income               370	 10,302	   1,028	   35,327
                           ----------   ----------   ----------   ----------

Net income (loss) before
 income tax                  (49,119)    (498,379)     (98,757)	 (493,071)

  Income taxes                     -	      -	       -	      140
                           ----------   ----------   ----------   ----------
Net income (loss)         $  (49,119)  $ (498,379)  $  (98,757)  $ (493,211)
                           ==========   ==========   ==========   ==========

Net income (loss)
 per share                     (0.00)      (0.04)        (0.01)	    (0.03)
                           ==========   ==========   ==========   ==========

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 these financial statements.

                                      5


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

                                                        Nine Months Ending
                                                          September 30,
                                                        2005        2004
                                                      --------    --------

CASH FLOWS FROM OPERATIONS
Net income (loss)                                     $(98,757)  $(493,211)
Adjustments to reconcile net income (loss) to net
 cash flows from operations:
  Depreciation and amortization                          2,267	   2,415
  Changes in operating assets and liabilities:
   Investment advisory fees                                  -         984
   Clearing broker                                         446	    (624)
   Interest receivable                                  19,308	  22,105
   Other receivables                                     3,159	   1,106
   Other assets                                              -	     698
   Receivable from shareholders                         62,599	 422,517
   Accrued expenses and accounts payable                 2,443	 (22,213)
   Deferred revenue                                     (2,542)	     267
                                                      --------    --------
     Net cash used by operating activities             (11,077)	 (65,956)

CASH FLOWS FROM INVESTING ACTIVITIES
 Proceeds from debenture and marketable securities           -	  50,000
 Capital Expenditures                                   (2,165)	    (479)
                                                      --------    --------
     Net cash provided by investing activities          (2,165)     49,521
                                                      --------    --------
CASH FLOWS FROM FINANCING ACTIVITIES
 Increase in deposit liability	                     7,500	   7,500
                                                      --------    --------
     Net cash provided by investing activities           7,500	   7,500
                                                      --------    --------
Net increase (decrease) in cash                         (5,742)	  (8,935)

Cash, beginning of period                                5,912      18,886
                                                      --------    --------
Cash, end of period                                   $    170    $  9,951
                                                      ========    ========

SUPPLEMENTAL DISCLOSURE OF NON-CASH
 INVESTING AND FINANCING ACTIVITIES:

Conversion of preferred stock into common stock	      $      -   $  15,000




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

                                    6

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

<table>

                   <c>                <c>         <c>       <c>         <c>           <c>
                                                               Additional                   Total
                       Preferred Stock     Common Stock         Paid-In    Accumulated   Stockholders'
                      Shares     Amount   Shares     Amount     Capital      Deficit        Equity
                     ---------  -------  ----------  -------  ----------- ------------  -------------


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)
                     =========  =======  ==========  =======  ==========  ===========     =========

Net loss                  -        -           -        -           -         (49,119)      (49,119)
                     ---------  -------  ----------  -------  ----------  -----------     ---------

Balance,
 September 30, 2005  2,000,000  $20,000  14,217,266  $14,217  $4,463,657  $(5,015,090)    $(517,216)
                     =========  =======  ==========  =======  ==========  ===========     =========
</table>
The accompanying notes are an integral part of these financial statements.

                                       7


                     GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                         NOTES TO FINANCIAL STATEMENTS
                                 September 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
September 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 September 30, 2005, as their effect is anti-dilative.











                                    8



                   GUNDAKER/JORDAN AMERICAN HOLDINGS, INC.
                       NOTES TO FINANCIAL STATEMENTS
                              September 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.


NOTE 3 - RELATED PARTY TRANSACTIONS

The Principal Executive Officer of the Company, W. Neal Jordan, has provided
space to be used as the Company's principal executive office since the
Company moved to the current location in July of 2005.  The Company has
agreed to compensate Mr. Jordan for this use.

In consideration of the office space provided, the Company has reimbursed
Mr. Jordan a total of $2,686 during the quarter, consisting of rent,
cleaning, phone, utilities and other occupancy costs.  At September 30, 2005,
no amounts remained unpaid pursuant to this agreement.


NOTE 4 - SUBSEQUENT EVENT

On November 7, 2005, the Company filed Form D- Notice of Sale of Securities
with the U.S. Securities and Exchange Commission.  The proposed offering seeks
to raise a total of $25,000,000 through the sale of common shares. At the
date of the Form D, a total of $22,500 had been raised pursuant to the
offering.  The Company and its Principal Executive Officer have agreed
in principle to an arrangement whereby Mr. Jordan's present ownership
interest will not be diluted through sales of stock in the offering.
Thus, Mr. Jordan will receive the right to purchase additional shares
in order to maintain his ownership percentage.




                                    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.





















                                   10


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 September 30,
2005 of $ (49,119) or $ (0.00) per common share compared to a net loss of
$ (498,379) or $ (0.04) per common share for the corresponding period of the
previous year.  For the nine month period ended September 30, 2005, the
Company had a net loss of $ (98,757) or $ (0.01) per common share compared
to a net loss of  $ (493,211) or $ (0.03) per common share for the
corresponding period of the previous year.

The Company had an operating loss of $ (49,489) for the three months ended
September 30, 2005 compared to an operating loss of $ (508,681) for the
three months ended September 30, 2004. This decrease in operating loss
is primarily due to considerably lower selling, general, and administrative
("SG&A") expenses during this period when compared to the same quarter
last year.  For the nine month period ended September 30, 2005, the Company
had an operating loss of $ (99,785) compared to an operating loss of
$ (528,398) for the corresponding period of the previous year.

For the three months ended September 30, 2005, revenues totaled $ 8,164
compared to revenues of $ 6,204 for the same quarter of 2004, an increase
of approximately 32% due to increased commission income and investment
advisory fees during the quarter.  For the nine months ended
September 30, 2005, revenues totaled $ 32,098 compared to $ 53,199
for the same period of 2004.


Liquidity and Capital Resources

                                          Nine months ended September 30,
                                                2005         2004
                                               -------     --------

Operating activities                          $(11,077)	 $ (65,956)
Investing activities                            (2,165)	    49,521
Financing activities                             7,500	     7,500
                                               -------     --------
Net effect on cash                             $(5,742)	 $  (8,935)
                                               =======     ========

As of September 30, 2005 and the year ended December 31, 2004, the
Company had a deficit in working capital of $ (527,266) and $ (428,922),
respectively.  The Company proposes to sell up to $25,000,000 in common
shares pursuant to private placements, for which $22,500 was received
in the 4th quarter.








                                    11


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.




                                    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

           On August 10, 2005, the Company filed its amended Current Report
           dated May 19, 2005 on Form 8-K/A disclosing change of the Company's
           certifying accountants.

                                    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:  November 14, 2005