UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-Q



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



For the quarterly period ended June 30, 2015



OR



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



For the transition period from          to



Commission file number: 0-50912



AMERICAN INTERNATIONAL HOLDINGS CORP.

(Exact Name Of Registrant As Specified In Its
Charter)



|                                         |                                     
|---------------------------------------- | ------------------------------------
|                                         |                                     
|Nevada                                   | 88-0225318                          
|(State of Incorporation)                 | (I.R.S. Employer Identification No.)
|                                         |                                     
|601 Cien Street, Suite 235, Kemah, TX    | 77565-3077                          
|(Address of Principal Executive Offices) | (ZIP Code)                          



Registrant's
Telephone Number, Including Area Code: (281) 334-9479





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       ☐



Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule
405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).  Yes       ☒        No       ☐



Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or 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.



|                         |                            
|------------------------ | ---------------------------
|                         |                            
|Large accelerated filer ̈ | Accelerated filer ̈         
|Non-accelerated filer ̈   | Smaller reporting company ☒



Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act). Yes    ☒ No ̈





The number of shares outstanding of each of the issuer’s
classes of equity as of August 21, 2015 is 747,355 shares of common stock.

















|Item     |  | Description                                                                           |  | Page
|-------- |  | ------------------------------------------------------------------------------------- |  | ----
|         |  | PART I– FINANCIAL INFORMATION                                                         |  |     
|ITEM 1.  |  | FINANCIAL STATEMENTS                                                                  |  | 3   
|ITEM 2.  |  | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |  | 9   
|ITEM 3.  |  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            |  | 11  
|ITEM 4.  |  | CONTROLS AND PROCEDURES                                                               |  | 11  
|         |  |                                                                                       |  |     
|         |  | PART II – OTHER INFORMATION                                                           |  |     
|ITEM 1.  |  | LEGAL PROCEEDINGS                                                                     |  | 11  
|ITEM 1A. |  | RISK FACTORS                                                                          |  |     
|ITEM 2.  |  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                           |  | 11  
|ITEM 3.  |  | DEFAULTS UPON SENIOR SECURITIES                                                       |  | 11  
|ITEM 4.  |  | MINE SAFETY DISCLOSURES                                                               |  | 11  
|ITEM 5.  |  | OTHER INFORMATION                                                                     |  | 11  
|ITEM 6.  |  | EXHIBITS                                                                              |  | 12  
|         |  |                                                                                       |  |     
|         |  |                                                                                       |  |     











2









PART I - FINANCIAL INFORMATION





ITEM 1. FINANCIAL STATEMENTS





Financial Statements



|Financial Statements                                                                         |  
|-------------------------------------------------------------------------------------------- | -
|Unaudited Consolidated Balance Sheets – March 31, 2015 and December 31, 2014                 | 4
|Unaudited Consolidated Statements of Operations – Three Months Ended March 31, 2015 and 2014 | 5
|Unaudited Consolidated Statements of Cash Flows – Three Months Ended March 31, 2015 and 2014 | 6
|Notes to Unaudited Consolidated Financial Statements                                         | 7













3









AMERICAN INTERNATIONAL HOLDINGS CORP.

Consolidated Balance Sheets

(Unaudited)



|                                                                                                                  |  | June 30, 2015 |            | December 31, 2014
|----------------------------------------------------------------------------------------------------------------- |  | ------------- | ---------- | -----------------
|ASSETS                                                                                                            |  |               |            |                  
|Current assets:                                                                                                   |  |               |            |                  
|Cash and cash equivalents                                                                                         |  | $             | 175        |                  
|Receivable – related party                                                                                        |  |               | 2,151,763  |                  
|                                                                                                                  |  | $             | 2,151,938  |                  
|                                                                                                                  |  |               |            |                  
|LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                              |  |               |            |                  
|Current liabilities:                                                                                              |  |               |            |                  
|Accounts payable                                                                                                  |  | $             | 15,100     |                  
|Total liabilities                                                                                                 |  |               | 15,100     |                  
|                                                                                                                  |  |               |            |                  
|Commitments and contingencies                                                                                     |  |               |            |                  
|                                                                                                                  |  |               |            |                  
|Stockholders’ equity:                                                                                             |  |               |            |                  
|Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding                  |  |               | —          |                  
|Common stock, $0.0001 par value, 195,000,000 shares authorized; 747,355 shares issued; 747,355 shares outstanding |  |               | 75         |                  
|Less treasury stock, at cost; 410 shares                                                                          |  |               | (3,894     | )                
|Additional paid-in capital                                                                                        |  |               | 4,284,829  |                  
|Accumulated deficit                                                                                               |  |               | (2,144,172 | )                
|Total stockholders’ equity                                                                                        |  |               | 2,136,838  |                  
|Total liabilities and stockholders’ equity                                                                        |  | $             | 2,151,938  |                  
|                                                                                                                  |  |               |            |                  





See accompanying notes to the unaudited
consolidated financial statements.





4









AMERICAN INTERNATIONAL HOLDINGS CORP.

Consolidated Statements of Operations

(Unaudited)





|                                                                         |  |   | For the Three Months Ended |   |  |   | For the Six Months Ended |  
|------------------------------------------------------------------------ |  | - | -------------------------- | - |  | - | ------------------------ | -
|                                                                         |  |   | June 30,                   |   |  |   |                          |  
|                                                                         |  |   | 2015                       |   |  |   | 2014                     |  
|                                                                         |  |   |                            |   |  |   |                          |  
|Revenue                                                                  |  | $ | —                          |   |  | $ | —                        |  
|                                                                         |  |   |                            |   |  |   |                          |  
|Costs and expenses:                                                      |  |   |                            |   |  |   |                          |  
|General and administrative                                               |  |   | 32,684                     |   |  |   | 36,166                   |  
|                                                                         |  |   |                            |   |  |   |                          |  
|Operating loss                                                           |  |   | (32,684                    | ) |  |   | (36,166                  | )
|                                                                         |  |   |                            |   |  |   |                          |  
|Net loss from operations                                                 |  | $ | (32,684                    | ) |  | $ | (36,166                  | )
|                                                                         |  |   |                            |   |  |   |                          |  
|Net loss per common share – basic and diluted                            |  | $ | (0.04                      | ) |  | $ | (0.05                    | )
|                                                                         |  |   |                            |   |  |   |                          |  
|Weighted average number of common shares outstanding – basic and diluted |  |   | 747,355                    |   |  |   | 747,355                  |  





See accompanying notes to the unaudited consolidated
financial statements.









5











AMERICAN INTERNATIONAL HOLDINGS CORP.

Consolidated Statements of Cash Flows

(Unaudited)





|                                                                        |  | For the Six Months Ended June 30,
|----------------------------------------------------------------------- |  | ---------------------------------
|                                                                        |  | 2015                             
|Cash flows from operating activities:                                   |  |                                  
|Net loss                                                                |  | $                                
|Adjustments to reconcile net loss to cash used in operating activities: |  |                                  
|Changes in operating assets and liabilities:                            |  |                                  
|Accounts payable                                                        |  |                                  
|Net cash used in operating activities                                   |  |                                  
|                                                                        |  |                                  
|Cash flows from investing activities:                                   |  |                                  
|Net cash provided by investing activities                               |  |                                  
|                                                                        |  |                                  
|Cash flows from financing activities:                                   |  |                                  
|Repayment from related party                                            |  |                                  
|Net cash provided by financing activities                               |  |                                  
|                                                                        |  |                                  
|Net increase in cash and cash equivalents                               |  |                                  
|Cash and cash equivalents at beginning of period                        |  |                                  
|Cash and cash equivalents at end of period                              |  | $                                
|                                                                        |  |                                  
|Supplemental disclosures:                                               |  |                                  
|Interest paid                                                           |  | $                                
|Income taxes paid                                                       |  | $                                
|                                                                        |  |                                  
|                                                                        |  |                                  



See accompanying notes to the unaudited consolidated
financial statements.









6









AMERICAN INTERNATIONAL HOLDINGS CORP.

Notes to Consolidated Financial Statements

(Unaudited)



Note 1 - Summary of Significant Accounting Policies



The accompanying unaudited interim consolidated
financial statements of American International Holdings Corp. (“AMIH”), have been prepared in accordance with accounting
principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and should
be read in conjunction with the audited consolidated financial statements and notes thereto contained in AMIH’s latest Annual
Report filed with the SEC on Form 10-K for the year ended December 31, 2014. In the opinion of management, all adjustments, consisting
of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the
interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative
of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially
duplicate the disclosures contained in the audited financial statements for the most recent fiscal year as reported in the Form
10-K have been omitted.



Organization, Ownership and Business



American International Holdings Corp. (“AMIH”)
is a 93.2% owned subsidiary of American International Industries, Inc. ("American") (OTCBB: AMIN).



Cash Equivalents



Highly liquid investments with original maturities of three months
or less are considered cash equivalents.



Fair Value of Financial Instrument



The fair value of a financial instrument is
the amount at which the instrument could be exchanged in a current transaction between willing parties other than in a forced sale
or liquidation.



Net Loss Per Common Share



The basic net loss per common share is computed
by dividing the net loss by the weighted average number of shares outstanding during a period. Diluted net loss per common
share is computed by dividing the net loss, adjusted on an as if converted basis, by the weighted average number of common shares
outstanding plus potential dilutive securities.



Management's Estimates and Assumptions



The preparation of financial statements in
conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements,
and the reported amounts of revenues and expenses. Actual results could differ from these estimates.



Subsequent Events



AMIH has evaluated all subsequent events from
June 30, 2015, through the issuance date of the consolidated financial statements for subsequent event disclosure consideration.



New Accounting Pronouncements



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









7









Note 2 – Related Party Transactions



As of June 30, 2015 and December 31, 2014, AMIH had a receivable
from AMIN of $2,151,763 and $2,221,317, respectively.  During the six months ended June 30, 2015 and 2014, AMIN repaid $69,554
and $78,224 of this receivable to the Company, respectively.





Note 3 –Going Concern



As reflected in the accompanying financial
statements, the Company has no operations, a net loss of $64,734 for the six months ended June 30, 2015, an accumulated deficit
of $2,144,172, and has no sources of revenue and expects to incur further losses in the future, thus raising substantial doubt
about the Company’s ability to continue as a going concern.  The ability to continue as a going concern is dependent
upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations
and repay its liabilities arising from normal business operations when they come due.  Management plans to obtain the necessary
financing to meet its obligations during 2015.  As a shell corporation, the Corporation has pursued potential business combination
transactions with existing private business enterprises that might have a desire to take advantage of the Company's status as a
public company.  These financials do not include any adjustments relating to the recoverability and reclassification of recorded
asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.



8









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



Our Management's Discussion and Analysis
of Financial Condition and Results of Operations (MD&A) is provided in addition to the accompanying financial statements and
notes to assist readers in understanding our results of operations, financial condition, and cash flows. MD&A is organized
as follows:



| | • | Business.                      
| | - | -------------------------------
| | • | Results of Operations.         
| | • | Liquidity and Capital Resource.
| | • | Critical Accounting Estimates. 





The following discussion should be
read in conjunction with the American International Holdings Corp. financial statements and accompanying notes included
elsewhere in this report. The following discussion contains forward-looking statements that reflect the plans, estimates and
beliefs of American International Holdings Corp. Words such as "anticipates," "expects,"
"intends," "plans," "believes," "seeks," "estimates," "may," and
similar expressions are intended to identify forward-looking statements. The actual results could differ materially from
those discussed in the forward-looking statements. Factors that could cause or contribute to these differences include those
discussed below and elsewhere in this Report and in other reports we file with the Securities and Exchange Commission
("SEC"), specifically the most recent Annual Report on Form 10-K." The Company undertakes no obligation
to update publicly any forward-looking statements as a result of new information, future events or otherwise, unless required
by law.  All references to years relate to the fiscal year ended December 31 of the particular year.



Business



On April 3, 2012, upon the sale of its only
wholly-owned subsidiary, Delta Seaboard Well Services, Inc,  AMIH ceased to be an operating company and became a non-operating
"shell company", as that term is defined in Rule 144(i) under the Securities Act of 1933, as amended. The term "
shell company" means a registrant, other than an asset-backed issuer, that has no or nominal operations, and either: (i) no
or nominal assets; (ii) assets consisting solely of cash and cash equivalents; or (iii) assets consisting of any amount of cash
and cash equivalents and nominal other assets.



As a shell corporation, the Corporation has
pursued potential business combination transactions with existing private business enterprises that might have a desire to take
advantage of the Corporation's status as a public corporation.  If such a transaction is not completed, the Corporation does
not anticipate that its available cash resources and cash generated from operations will be sufficient to meet its presently anticipated
capital needs for the next twelve months.







9







Results of Operations for AMIH



Three Months Ended June 30, 2015 Compared to the Three
Months Ended June 30, 2014



General and administrative expenses were $32,684
for the three months ended June 30, 2015, compared to $36,166 for the three months ended June 30, 2014. General and administrative
expenses decreased by $3,482 and consisted primarily of executive compensation and legal and professional expenses.



Six Months Ended June 30, 2015 Compared
to the Six Months Ended June 30, 2014



General and administrative expenses were $64,734
for the six months ended June 30, 2015, compared to $59,644 for the six months ended June 30, 2014. General and administrative
expenses increased by $5,090 and consisted primarily of executive compensation and legal and professional expenses.



Liquidity and Capital Resources for AMIH



As of June 30, 2015, AMIH had total assets of $2,151,938, consisting
of $175 in cash and cash equivalents and $2,151,763 in related party receivables due from AMIN.



As of June 30, 2015, AMIH had total liabilities
of $15,100 which consisted of $15,100 in accounts payable.



AMIH had working capital and total stockholders’
equity of $2,136,838 and $2,201,572 as of June 30, 2015 and December 31, 2014, respectively.



Net cash used in operating activities
was $69,499 for the six months ended June 30, 2015, which was derived from a net loss of $64,734 and a net decrease in accounts
payable of $4,765. Net cash used in operating activities was $78,224 for the six months ended June 30, 2014, which was derived
from a net loss of $59,644 and decrease in accounts payable of $18,580.



Net cash provided by financing activities during
the six months ended June 30, 2015 was $69,554, compared to $78,244 during the six months ended June 30, 2014. Net cash provided
by financing activities was for a change in receivables from a related party.



Off-Balance Sheet Arrangements



As of June 30, 2015 and December
31, 2014, AMIH did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under
the Securities Act of 1934.











10











ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



Not applicable



ITEM 4. CONTROLS AND PROCEDURES



Evaluation of disclosure controls and procedures.
As of June 30, 2015, the Company's chief executive officer and chief financial officer conducted an evaluation regarding the effectiveness
of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act. Based
upon the evaluation of these controls and procedures, our chief executive officer and chief financial officer concluded that our
disclosure controls and procedures were not effective as of the end of the period covered by this report. Such conclusion reflects
the departure of our chief financial officer and assumption of duties of the principal financial officer by our chief executive
officer and the resulting lack of accounting experience of our now principal financial officer and a lack of segregation of duties.
 Until we are able to remedy these material weaknesses, we are relying on third party consultants to assist with financial
reporting.



Changes in internal controls. During
the quarterly period covered by this report, no changes occurred in our internal control over financial reporting that materially
affected, or is reasonably likely to materially affect, our internal control over financial reporting.



PART II - OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS



There have been no updates to any legal proceedings previously disclosed.



ITEM 1A. RISK FACTORS



For the six months ended June 30, 2015, there were no
material changes from risk factors as disclosed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year
ended December 31, 2014.



ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.



ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.



ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.



ITEM 5. OTHER INFORMATION

None.











11









ITEM 6. EXHIBITS



The following documents are filed as exhibits to this report on
Form 10-Q or incorporated by reference herein. Any document incorporated by reference is identified by a parenthetical reference
to the SEC filing that included such document.



|Exhibit No. | Description                                                                                                  
|----------- | -------------------------------------------------------------------------------------------------------------
|31.1        | Certification of CEO Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to the Sarbanes-Oxley Act of 2002
|31.2        | Certification of CFO Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to the Sarbanes-Oxley Act of 2002
|32.1        | Certification of CEO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002                                   
|32.2        | Certification of CFO Pursuant to Section 906 of Sarbanes-Oxley Act of 2002                                   
|101.INS     | XBRL Instance Document                                                                                       
|101.SCH     | XBRL Taxonomy Extension Schema                                                                               
|101.CAL     | XBRL Taxonomy Extension Calculation Linkbase                                                                 
|101.DEF     | XBRL Taxonomy Extension Definition Linkbase                                                                  
|101.LAB     | XBRL Taxonomy Extension Label Linkbase                                                                       
|101.PRE     | XBRL Taxonomy Extension Presentation Linkbase                                                                







12











SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.







|By / | s/ Daniel Dror                                   | 
|---- | ------------------------------------------------ | 
|     | Daniel Dror                                      | 
|     | Chief Executive Officer, President, and Chairman | 
|     | August 19, 2015                                  | 





|By | /s/ Charles R. Zeller                        | 
|-- | -------------------------------------------- | 
|   | Charles R. Zeller                            | 
|   | Director and Interim Chief Financial Officer | 
|   | August 19, 2015                              | 















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