UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q








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



For
the quarterly period ended September 30, 2019



OR



[  ]
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.)
|                                                   |  |                                         
|3990
    Vitruvian Way, Suite 1152, Addison, Texas |  | 75001                                   
|(Address
    of Principal Executive Offices)       |  | (ZIP
    Code)                          



Registrant’s
Telephone Number, Including Area Code: (972) 803-5337



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 [X] 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 [X] 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 [X]



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



The
number of shares outstanding of each of the issuer’s classes of equity as of November 19, 2019 is 25,458,355 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 |  | 14  
|ITEM
    3.  |  | OUANTITATIVE
    AND OUALITATIVE DISCLOSURES ABOUT MARKET RISK                            |  | 15  
|ITEM
    4.  |  | CONTROLS
    AND PROCEDURES                                                               |  | 15  
|             |  |                                                                                           |  |     
|             |  | PART
    II— OTHER INFORMATION                                                            |  |     
|ITEM
    1.  |  | LEGAL
    PROCEEDINGS                                                                     |  | 16  
|ITEM
    1A. |  | RISK.
    FACTORS                                                                         |  | 16  
|ITEM
    2.  |  | UNREGISTERED
    SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                           |  | 16  
|ITEM
    3.  |  | DEFAULTS
    UPON SENIOR SECURITIES                                                       |  | 16  
|ITEM
    4.  |  | MINE
    SAFETY DISCLOSURES                                                               |  | 16  
|ITEM
    5.  |  | OTHER
    INFORMATION                                                                     |  | 16  
|ITEM
    6.  |  | EXHIBITS                                                                                  |  | 16  



2







PART
I - FINANCIAL INFORMATION



ITEM
1. FINANCIAL STATEMENTS



Financial
Statements



|Financial
    Statements                                                                                                                                                                                                                      |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -
|Consolidated
    Balance Sheets — September 30, 2019 and December 31, 2018 (unaudited)                                                                                                                                                        | 4
|Consolidated
    Statements of Operations — Three and Nine Months Ended Septemer 30, 2019 and Three Months Ended September 30, 2018,
    and From January 31, 2018 (inception) to September 30, 2018 (unaudited)                              | 5
|Consolidated
    Statements of Changes in Stockholders’ Equity (Deficit)–Three and Nine Months Ended September 30, 2019 and Three
    Months Ended September 30, 2018 and From January 31, 2018 (inception) to September 30, 2018 (unaudited) | 6
|Consolidated
    Statements of Cash Flows — Nine Months Ended September 30, 2019 and From January 31, 2018 (inception) to September 30,
    2018 (unaudited)                                                                                  | 7
|Notes
    to Consolidated Financial Statements                                                                                                                                                                                                | 8



3







AMERICAN
INTERNATIONAL HOLDINGS CORP.

Consolidated
Balance Sheets

September
30, 2019 and December 31, 2018

(Unaudited)



|                                                                                                                                                                                        |  | (Unaudited)       |            |   |                  |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------- | ---------- | - | ---------------- | -
|                                                                                                                                                                                        |  | September
    30, |            |   | December
    31, |  
|                                                                                                                                                                                        |  | 2019              |            |   | 2018             |  
|Assets                                                                                                                                                                                  |  |                   |            |   |                  |  
|Current assets:                                                                                                                                                                         |  |                   |            |   |                  |  
|Cash                                                                                                                                                                                    |  | $                 | 21,867     |   |                  | $
|Prepaid
    expenses                                                                                                                                                                    |  |                   | -          |   |                  |  
|Total
    current assets                                                                                                                                                                |  |                   | 21,867     |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Operating lease right-of-use asset,
    net                                                                                                                                             |  |                   | 247,430    |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Property and equipment net                                                                                                                                                              |  |                   | 124,812    |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Licensing agreement, net                                                                                                                                                                |  |                   | 65,000     |   |                  |  
|Other asset -
    deposit                                                                                                                                                               |  |                   | 4,777      |   |                  |  
|Total
    assets                                                                                                                                                                        |  | $                 | 463,886    |   |                  | $
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Liabilities
    and Stockholders’ Equity                                                                                                                                                |  |                   |            |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Current liabilities:                                                                                                                                                                    |  |                   |            |   |                  |  
|Accounts payable                                                                                                                                                                        |  | $                 | 6,499      |   |                  | $
|Accrued interest payable                                                                                                                                                                |  |                   | 19,991     |   |                  |  
|Accrued compensation, related parties                                                                                                                                                   |  |                   | 81,000     |   |                  |  
|Deferred lease liability                                                                                                                                                                |  |                   | -          |   |                  |  
|Short-term note payable                                                                                                                                                                 |  |                   | 145,000    |   |                  |  
|Loans payable to related parties                                                                                                                                                        |  |                   | 134,205    |   |                  |  
|Operating lease liability, current                                                                                                                                                      |  |                   | 48,586     |   |                  |  
|Current installments of long-term
    debt                                                                                                                                              |  |                   | 13,095     |   |                  |  
|Total current liabilities                                                                                                                                                               |  |                   | 448,376    |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Operating lease liability, non-current                                                                                                                                                  |  |                   | 207,581    |   |                  |  
|Long-term debt to related parties                                                                                                                                                       |  |                   | 350,000    |   |                  |  
|Long-term debt,
    less current installments                                                                                                                                           |  |                   | 17,908     |   |                  |  
|Total
    liabilities                                                                                                                                                                   |  |                   | 1,023,865  |   |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Stockholders’ equity:                                                                                                                                                                   |  |                   |            |   |                  |  
|Preferred stock, $0.0001 par value,
    5,000,000 shares authorized: 0 shares issued                                                                                                    |  |                   | -          |   |                  |  
|Common stock, $0.0001 par value,
    195,000,000 authorized: 24,968,355 shares issued and outstanding at September 30, 2019, 10,933,335 issued and outstanding
    at December 31, 2018 |  |                   | 2,497      |   |                  |  
|Treasury stock, at cost;                                                                                                                                                                |  |                   | (353,894   | ) |                  |  
|Additional paid-in capital                                                                                                                                                              |  |                   | 1,805,539  |   |                  |  
|Common stock payable                                                                                                                                                                    |  |                   | 165,000    |   |                  |  
|Retained earnings
    (deficit)                                                                                                                                                         |  |                   | (2,179,121 | ) |                  |  
|Total stockholders’
    equity (deficit)                                                                                                                                                |  |                   | (559,979   | ) |                  |  
|                                                                                                                                                                                        |  |                   |            |   |                  |  
|Total liabilities and stockholders’
    equity (deficit)                                                                                                                                |  | $                 | 463,886    |   |                  | $



See
accompanying notes to the unaudited consolidated financial statements.



4







AMERICAN
INTERNATIONAL HOLDINGS CORP.

Consolidated
Statements of Operations

(Unaudited)



|                                                                             |  | Three
                                         Months
                                         Ended
                                                                                September
                                         30, |            |   | Nine
                                         Months
                                         Ended
                                                                                September
                                         30, |   |            | The
                                         Period from
                                         January 31, 2018
                                         (inception) to
                                                                                September
                                         30, | 
|---------------------------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | - | ---------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|                                                                             |  | 2019                                                                                                                                                                                                                                        |            |   | 2018                                                                                                                                                                                                                                       |   |            | 2019                                                                                                                                                                                                                                                                                                              | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Revenues                                                                     |  | $                                                                                                                                                                                                                                           | 52,085     |   |                                                                                                                                                                                                                                            | $ | 18,695     |                                                                                                                                                                                                                                                                                                                   | 
|Cost of sales                                                                |  |                                                                                                                                                                                                                                             | 37,957     |   |                                                                                                                                                                                                                                            |   | 6,576      |                                                                                                                                                                                                                                                                                                                   | 
|Gross
    margin                                                             |  |                                                                                                                                                                                                                                             | 14,128     |   |                                                                                                                                                                                                                                            |   | 12,119     |                                                                                                                                                                                                                                                                                                                   | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Operating expenses:                                                          |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Sales and marketing
    expenses                                             |  |                                                                                                                                                                                                                                             | 10,635     |   |                                                                                                                                                                                                                                            |   | 225        |                                                                                                                                                                                                                                                                                                                   | 
|General
    and administrative expenses                                      |  |                                                                                                                                                                                                                                             | 2,057,506  |   |                                                                                                                                                                                                                                            |   | 10,248     |                                                                                                                                                                                                                                                                                                                   | 
|Total
    operating expenses                                                 |  |                                                                                                                                                                                                                                             | 2,068,141  |   |                                                                                                                                                                                                                                            |   | 10,473     |                                                                                                                                                                                                                                                                                                                   | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Operating
    income (loss)                                                  |  |                                                                                                                                                                                                                                             | (2,054,013 | ) |                                                                                                                                                                                                                                            |   | 1,646      |                                                                                                                                                                                                                                                                                                                   | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Other expenses
    - interest expense                                        |  |                                                                                                                                                                                                                                             | (17,161    | ) |                                                                                                                                                                                                                                            |   | (750       | )                                                                                                                                                                                                                                                                                                                 | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Net
    income (loss)                                                        |  | $                                                                                                                                                                                                                                           | (2,071,174 | ) |                                                                                                                                                                                                                                            | $ | 896        |                                                                                                                                                                                                                                                                                                                   | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Net loss per common shares                                                   |  | $                                                                                                                                                                                                                                           | (0.08      | ) |                                                                                                                                                                                                                                            | $ | 0.00       |                                                                                                                                                                                                                                                                                                                   | 
|                                                                             |  |                                                                                                                                                                                                                                             |            |   |                                                                                                                                                                                                                                            |   |            |                                                                                                                                                                                                                                                                                                                   | 
|Weighted average
    number of common shares outstanding - basic and diluted |  |                                                                                                                                                                                                                                             | 24,792,455 |   |                                                                                                                                                                                                                                            |   | 10,933,355 |                                                                                                                                                                                                                                                                                                                   | 



See
accompanying notes to the unaudited consolidated financial statements.



5







AMERICAN
INTERNATIONAL HOLDINGS CORP.

Consolidated
Statements of Stockholders’ Equity (Deficit)

(Unaudited)



|                                                    |  | Three
    Months Ended September 30, 2019 |   |  | Three
    Months Ended September 30, 2018 |  
|--------------------------------------------------- |  | ----------------------------------------- | - |  | ----------------------------------------- | -
|                                                    |  |                                           |   |  |                                           |  
|                                                    |  | Preferred
    Stock                       |   |  | Common
    Stock                          |  
|                                                    |  | Shares                                    |   |  | Amount                                    |  
|                                                    |  |                                           |   |  |                                           |  
|Balance at beginning of period                      |  |                                           | - |  |                                           | $
|                                                    |  |                                           |   |  |                                           |  
|Imputed
    interest                                |  |                                           | - |  |                                           |  
|                                                    |  |                                           |   |  |                                           |  
|Issuance of common
    shares services              |  |                                           | - |  |                                           |  
|                                                    |  |                                           |   |  |                                           |  
|Issuance
    of common shares  for discount on loan |  |                                           | - |  |                                           |  
|                                                    |  |                                           |   |  |                                           |  
|Net
    loss                                        |  |                                           | - |  |                                           |  
|                                                    |  |                                           |   |  |                                           |  
|Balance at end
    of period                        |  |                                           | - |  |                                           | $



|                                                       |  | Nine
    Months Ended September 30, 2019 |   |  | From
    January 31, 2018 (inception) to September 30, 2018 |  
|------------------------------------------------------ |  | ---------------------------------------- | - |  | ----------------------------------------------------------- | -
|                                                       |  |                                          |   |  |                                                             |  
|                                                       |  | Preferred
    Stock                      |   |  | Common
    Stock                                            |  
|                                                       |  | Shares                                   |   |  | Amount                                                      |  
|                                                       |  |                                          |   |  |                                                             |  
|Balance at beginning of period                         |  |                                          | - |  |                                                             | $
|                                                       |  |                                          |   |  |                                                             |  
|Imputed
    interest                                   |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Issuance
    of common shares for reverse acquisition  |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Issuance
    of common shares  under private placement |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Cancellation
    of common shares  for long-term debt  |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Issuance
    of common shares for discount on loan     |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Issuance
    of common shares for licensing agreement  |  |                                          |   |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Issuance
    of common shares for services             |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Net
    loss                                           |  |                                          | - |  |                                                             |  
|                                                       |  |                                          |   |  |                                                             |  
|Balance at end
    of period                           |  |                                          | - |  |                                                             | $



See
accompanying notes to unaudited consolidated financial statements.



6







AMERICAN
INTERNATIONAL HOLDINGS CORP.

Consolidated
Statements of Cash Flows

(Unaudited)



|                                                                                                                                                                                                                            |  | Nine
    Months 
    Ended 
    September 30, |            |   | The
    Period From
    January 31, 2018
    (inception) to
    September 30, |  
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------------------------- | ---------- | - | ----------------------------------------------------------------------------- | -
|                                                                                                                                                                                                                            |  | 2019                                          |            |   | 2018                                                                          |  
|Cash flows from operating activities:                                                                                                                                                                                       |  |                                               |            |   |                                                                               |  
|Net
    income (loss)                                                                                                                                                                                                       |  | $                                             | (2,171,601 | ) |                                                                               | $
|Adjustments
                                         to reconcile net income (loss) to net cash used in
                                                     operating
                                         activities: |  |                                               |            |   |                                                                               |  
|Depreciation and
    amortization                                                                                                                                                                                           |  |                                               | 18,480     |   |                                                                               |  
|Imputed interest
    expense                                                                                                                                                                                                |  |                                               | 7,942      |   |                                                                               |  
|Stock based compensation                                                                                                                                                                                                    |  |                                               | 1,837,750  |   |                                                                               |  
|(Increase) decrease
    in operating assets:                                                                                                                                                                                |  |                                               |            |   |                                                                               |  
|Prepaid expenses                                                                                                                                                                                                            |  |                                               | 8,866      |   |                                                                               |  
|Operating lease
    right-of-use asset, net                                                                                                                                                                                 |  |                                               | (247,430   | ) |                                                                               |  
|Licensing agreement                                                                                                                                                                                                         |  |                                               | (40,000    | ) |                                                                               |  
|Other asset - deposit                                                                                                                                                                                                       |  |                                               | 4,433      |   |                                                                               |  
|(Decrease)
    increase in operating liabilities:                                                                                                                                                                           |  |                                               |            |   |                                                                               |  
|Accounts payable                                                                                                                                                                                                            |  |                                               | 77,235     |   |                                                                               |  
|Accrued interest
    payable                                                                                                                                                                                                |  |                                               | 19,304     |   |                                                                               |  
|Deferred lease liability                                                                                                                                                                                                    |  |                                               | (7,650     | ) |                                                                               |  
|Accrued compensation                                                                                                                                                                                                        |  |                                               | 81,000     |   |                                                                               |  
|Operating lease
    right-of-use liability, net                                                                                                                                                                             |  |                                               | 256,167    |   |                                                                               |  
|Net cash provided
    by (used in) operating activities                                                                                                                                                                     |  |                                               | (155,504   | ) |                                                                               |  
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Cash flows from investing activities:                                                                                                                                                                                       |  |                                               |            |   |                                                                               |  
|Capital
    expenditures for property and equipment                                                                                                                                                                         |  |                                               | (17,034    | ) |                                                                               |  
|Net cash used in
    investing activities                                                                                                                                                                                   |  |                                               | (17,034    | ) |                                                                               |  
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Cash flows from financing activities:                                                                                                                                                                                       |  |                                               |            |   |                                                                               |  
|Proceeds of the
    sale of common shares                                                                                                                                                                                   |  |                                               | 10,000     |   |                                                                               |  
|Proceeds from short-term
    borrowings from related parties                                                                                                                                                                |  |                                               | 195,257    |   |                                                                               |  
|Repayment of short-term
    borrowings from related parties                                                                                                                                                                 |  |                                               | (66,624    | ) |                                                                               |  
|Proceeds from long-term
    borrowing                                                                                                                                                                                       |  |                                               | 40,000     |   |                                                                               |  
|Principal
    payments on long-term debt                                                                                                                                                                                    |  |                                               | (3,024     | ) |                                                                               |  
|Net cash provided
    by financing activities                                                                                                                                                                               |  |                                               | 175,609    |   |                                                                               |  
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Net increase (decrease)
    in cash                                                                                                                                                                                         |  |                                               | 3,071      |   |                                                                               |  
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Cash at beginning
    of year                                                                                                                                                                                               |  |                                               | 18,796     |   |                                                                               |  
|Cash at end of
    period                                                                                                                                                                                                   |  | $                                             | 21,867     |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Supplemental schedule of cash flow information:                                                                                                                                                                             |  |                                               |            |   |                                                                               |  
|Interest
    paid                                                                                                                                                                                                           |  | $                                             | 13,289     |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Non-cash investing and financing transactions:                                                                                                                                                                              |  |                                               |            |   |                                                                               |  
|Equipment
    purchases financed with long-term debt                                                                                                                                                                        |  | $                                             | 34,027     |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Common
    shares issued for notes payable                                                                                                                                                                                  |  | $                                             | 350,000    |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Common
    shares issued for licensing agreement                                                                                                                                                                            |  | $                                             | 25,000     |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Common
    shares issued for debt inducement                                                                                                                                                                                |  | $                                             | 105,000    |   |                                                                               | $
|                                                                                                                                                                                                                            |  |                                               |            |   |                                                                               |  
|Common
    shares issued for reverse acquisition                                                                                                                                                                            |  | $                                             | 1,800      |   |                                                                               | $



See
accompanying notes to the unaudited consolidated financial statements.



7







AMERICAN
INTERNATIONAL HOLDINGS CORP.

Notes
to Consolidated Financial Statements

September
30, 2019

(Unaudited)



Note
1 - Summary of Significant Accounting Policies



The
accompanying unaudited interim 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 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, 2018. 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



Prior
to May 31, 2018, American International Holdings Corp. (“AMIH”) was a 93.2% owned subsidiary of American International
Industries, Inc. (“American”, “AMIN”) (OTCBB: AMIN). Effective May 31, 2018, the Company issued 10,100,000
shares of restricted common stock. As a result of the issuance of the common shares, a change in control occurred. American International
Industries, Inc. ownership decreased from 93.2% to 6.4%. No one individual or entity owns at least 50% of the outstanding shares
of the Company. Effective April 12, 2019, the Company changed its business focus to the services of medical spas.



On
April 12, 2019, The Company entered into a Share Exchange Agreement (the “Agreement”) with Novopelle Diamond, LLC
(“Novopelle”) and all three members of Novopelle. See Note 2 for the detail of the transaction. The acquisition was
treated as a reverse acquisition for accounting purposes, with the Company remaining the parent company and Novopelle becoming
a wholly-owned subsidiary of the Company.



Principles
of Consolidation



The
consolidated financial statements include the accounts of AMIH and its wholly-owned subsidiaries: Novopelle Diamond, LLC and Capitol
City Solutions USA, Inc. All significant intercompany transactions and balances have been eliminated in consolidation.



Reclassifications



Certain
reclassifications have been made to amounts in prior periods to conform to the current period presentation. All reclassifications
have been applied consistently to the periods presented.



Cash
Equivalents



Highly
liquid investments with original maturities of three months or less are considered cash equivalents. There are no cash equivalents
at September 30, 2019 and December 31, 2018.



Fair
Value of Financial Instruments



FASB
ASC 825, “Financial Instruments,” requires entities to disclose the fair value of financial instruments, both assets
and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. FASB ASC
825 defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction
between willing parties. At September 30, 2019 and December 31, 2018, the carrying value of certain financial instruments (cash
and cash equivalents, accounts payable and accrued expenses.) approximates fair value due to the short-term nature of the instruments
or interest rates, which are comparable with current rates.



Net
Loss Per Common Share



We
compute net income (loss) per share in accordance with ASC 260, Earning per Share. ASC 260 requires presentation of both
basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss)
available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period.
Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method
and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period
is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS
excludes all dilutive potential shares if their effect is anti-dilutive.



8







Property,
Plant, Equipment, Depreciation, Amortization and Long-Lived Assets



Long-lived
assets include:



Property,
Plant and Equipment – Assets acquired in the normal course of business are recorded at original cost and may be adjusted
for any additional significant improvements after purchase. We depreciate the cost evenly over the assets’ estimated useful
lives. Upon retirement or sale, the cost of the assets disposed of and the related accumulated depreciation are removed from the
accounts, with any resultant gain or loss being recognized as a component of other income or expense.



Identifiable
intangible assets – These assets are recorded at acquisition cost. Intangible assets with finite lives are amortized evenly
over their estimated useful lives.



At
least annually, we review all long-lived assets for impairment. When necessary, we record changes for impairments of long-lived
assets for the amount by which the present value of future cash flows, or some other fair value measure, is less than the carrying
value of these assets.



If
the carrying amount of a reporting unit exceeds its fair value, we measure the possible goodwill impairment based upon an allocation
of the estimate of fair value of the reporting unit to all of the underlying assets and liabilities of the reporting unit, including
any previously unrecognized intangible assets (Step Two Analysis). The excess of the fair value of a reporting unit over the amounts
assigned to its assets and liabilities (“carrying amount”) is the implied fair value of goodwill.



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.



Revenue
Recognition



The
Company recognizes revenue in according with Accounting Standards Codification (ASC) Topic 606. The underlying principle is that
the Company recognize revenue to depict the transfer of promised goods and services to customers in an amount that they expect
to be entitled to in the exchange for goods and services provided. A five-step process has been designed for the individual or
pools of contracts to keep financial statements focused on this principle.



Note
2 - Acquisition



Effective
April 12, 2019, American International Holdings Corp. (“AMIH”) issued 18,000,000 shares of the Company common stock
to the members (three individuals) of Novopelle Diamond, LLC (“Novopelle”), a Texas limited company, to acquire 100%
of the membership interests of Novopelle. The issuance of these shares represent a change in control of AMIH. Concurrent with
the issuance, Jacob Cohen, Esteban Alexander and Alan Hernandez, representing the three former members of Novopelle, were elected
to the board of directors and to the office of Chief Executive Officer, Chief Operating Officer and Chief Marketing officer of
the AMIH, respectively. Everett Bassie and Charles Zeller resigned as board members of AMIH. This transaction was accounted for
as a reverse acquisition. At closing, in accordance with the share exchange agreement, AMIH will remain as the parent company
with Novopelle being a wholly owned subsidiary of AMIH.



Note
3 – Property and Equipment



Property
and equipment is as follows at September 30, 2019 and December 31, 2018:



|                                                   |  | September
    30, |         |  | December
    31, |  
|-------------------------------------------------- |  | ----------------- | ------- |  | ---------------- | -
|                                                   |  | 2019              |         |  | 2018             |  
|Leasehold improvements                             |  | $                 | 92,516  |  |                  | $
|Furniture & fixtures                               |  |                   | 5,843   |  |                  |  
|Equipment                                          |  |                   | 39,180  |  |                  |  
|                                                   |  |                   | 137,539 |  |                  |  
|Less accumulated
    depreciation and amortization |  |                   | 12,727  |  |                  |  
|Net property
    and equipment                     |  | $                 | 124,812 |  |                  | $



Depreciation
and amortization expense for the nine months ended September 30, 2019 was $18,480.



9







The
Company incurred long-debt in the amount of $34,027 during the nine months ended September 30, 2019 to purchase equipment used
in its operations. The total purchase price was $37,027, with the Company making a down payment in the amount of $3,000.



Note
4 – Licensing Agreement



On
June 27th, 2019, the Company executed an exclusive license agreement with Novo MedSpa Addison Corp (“Novo Medspa”)
providing the Company with the exclusive rights to the Novopelle brand and to establish new Novopelle branded MedSpa locations
on a worldwide basis (the “Exclusive License”). In consideration for the Exclusive License, the Company paid Novo
MedSpa a one-time cash payment of $40,000 and issued to Novo MedSpa 250,000 shares of the Company’s common stock. The 250,000
shares of the Company’s common stock was valued at $0.10 per share or $25,000.



Note
5 – Operating Right-of-Use Lease Liability



On
January 1, 2019, the Company adopted Accounting Standards Update No. 2016-2, Leases (Topic 842), as amended, which supersedes
the lease accounting guidance under Topic 840, and generally requires lessees to recognize operating and financing lease liabilities
and corresponding right-of-use (ROU) assets on the balance sheet and to provide enhanced disclosure surrounding the amount, timing
and uncertainty of cash flows arising from leasing arrangements.



On
January 1, 2019, the Company recognized an operating right-of-use asset in the amount $287,206 and an operating lease liability
in the amount of $294,774. The lease term is eighty-four (84) months and expires in November 2025.



The
following is a schedule, by year, of maturities of lease liabilities as of September 30, 2019:



|2019                             |  | $ | 26,599   |  
|-------------------------------- |  | - | -------- | -
|2020                             |  |   | 54,066   |  
|2021                             |  |   | 54,951   |  
|2022                             |  |   | 55,854   |  
|2023                             |  |   | 56,776   |  
|2024                             |  |   | 57,715   |  
|2025                             |  |   | 53,828   |  
|Total undiscounted cash flows    |  |   | 359,789  |  
|Less imputed
    interest (8%)   |  |   | (103,622 | )
|Present value of lease liability |  | $ | 256,167  |  



Total
rental expense for the nine months ended September 30, 2019 was $45,011.



The
operating lease right-of-use asset net balance at September 30, 2019 was $247,430.



Note
6 – Accrued Compensation for Related Parties



At
September 30, 2019, accrued compensation represent compensation for the Company’s executive officers from April 12, 2019
to September 30, 2019 in the amount of $126,000, less $45,000 that was paid.



Note
7 – Short-Term Notes Payable



Short-term
notes payable represents the following at September 31, 2019:



|Note payable to an individual
    dated May 17, 2019 for $30,000, with interest at 5%. The note is due on April 30, 2020. The Note in unsecured                                                                                                                                                                                                                                                                                                                  |  | $ | 30,000  | 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - | ------- | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |   |         | 
|Note payable to an individual dated
    July 8, 2019 for $40,000, with interest at 8%. The Note in a convertible promissory note. In the event that the Company files,
    and has qualified by the SEC an offering Statement on Regulation A of the Securities Act of 1933, as amended, the Note holder
    has the rights to convert all of any portion of the principal amount and accrued interest due on the Note into issued in the
    Offering Statement |  |   | 40,000  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |   |         | 
|Note payable to financial group dated
    August 26, 2019 for $75,000, with interest at 12%. The Note is due on August 26, 2020.                                                                                                                                                                                                                                                                                                                                 |  |   | 75,000  | 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |   |         | 
|Total                                                                                                                                                                                                                                                                                                                                                                                                                                                            |  | $ | 145,000 | 



Note
8 – Loans to Related Parties



During
the nine-month period ended September 30, 2019, two of the Company officers and board members, loaned the Company $19,908. During
the nine months ended September 30, 2019, the Company repaid 66,624 of loans to the two officers/board members. The Company incurred
$7,942 on imputed interest expense on related party borrowing during the nine months ended September 30, 2019. Outstanding loan
balances to these related parties was $79,979 at September 30, 2019.



On
June 21st, 2019, the Company issued a promissory note with a principal amount of $40,000 to a related party in exchange
for $40,000 in cash. The promissory note is unsecured, has a maturity date of June 21, 2020 and accrues interest at the rate of
8% per annum until paid in full by the Company. Furthermore, the Company issued 50,000 shares of the Company’s common stock
to the related party investor as further consideration to enter into the loan with the Company. The Company issued 50,000 shares
of common stock valued at $.10 per share or $5,000, which was accounted for a discount on the note.



On
September 9th, 2019, the Company issued a promissory note with a principal amount of $100,000 to a related party in
exchange for $100,000 in cash. The promissory note is unsecured, has a maturity date of September 9, 2020 and accrues interest
at the rate of 8% per annum until paid in full by the Company. Furthermore, the Company issued 100,000 shares of the Company’s
common stock to the related party investor as further consideration to enter into the loan with the Company. The Company issued
100,000 shares of common stock valued at $1.00 per share or $100,000, which was accounted for a discount on the note.



As
of September 30, 2019, AMIH had a short-term note payable in the amount of $13,473 to Kemah Development Texas, LP, a company owned
by Dror Family Trust, a related party.



10







Note
9 – Long-Term Debt to Related Parties



On
April 12, 2019 the Company entered into individual share exchange agreements and promissory notes with each of Daniel Dror, Winfred
Fields and former Directors Everett Bassie and Charles Zeller (the “AMIH Shareholders”), whereby the AMIH Shareholders
agreed to cancel and exchange a total of 5,900,000 shares of their AMIH common stock. The Company issued individual promissory
notes with an aggregate principal amount of $350,000 (the “Promissory Notes”) for cancellation of the 5,900,000
shares of common stock. The Promissory Notes have a term of two years and accrue interest at the rate of 10% per annum until paid
in full by the Company. The Company accrued $16,395 of interest on these notes during the nine months ended September 30, 2019.



Note
10 – Long-Term Debt



The
Company incurred long-debt in the amount of $34,027 during the six months ended Septembe 30, 2019 to purchase equipment used in
its operations. The total purchase price was $37,027, with the Company making a down payment in the amount of $3,000. The note
is due in monthly payments of $1,258.50, including interest at 8%, due in September 2021.



The
maturities of long-term debt is as follows:



|Year                                          |  | Amounts |        
|--------------------------------------------- |  | ------- | -------
|2019                                          |  | $       | 6,417  
|2020                                          |  |         | 13,628 
|2021                                          |  |         | 10,958 
|Total                                         |  |         | 31,003 
|Less
    current installments                 |  |         | (13,095
|Long-term
    debt, less current installments |  | $       | 17,908 



Note
11 – Capital Stock



The
Company is authorized to issue up to 5,000,000 shares of preferred stock, $ 0.0001 par value, of which 0 shares are issued and
outstanding at September 30, 2019 and December 31, 2018.



The
Company is authorized to issue up to 195,000,000 shares of common stock, $0.0001 par value, of which 24,968,355 shares are issued
and outstanding (outstanding shares includes 410 treasury shares) at September 30, 2019 and 10,933,355 at December 31, 2018.



On
May 31, 2018, the Company issued 3,800,000 shares of common stock to Robert Holden for future services as the Company CEO and
Director to pursue a digital marketing business under the name of Digital Marketing Interactive. As a result of the resignation
of Mr. Holden on August 19, 2018, the Company no longer anticipates operating under the d/b/a Digital Marketing Interactive and/or
maintaining a business focus in digital marketing moving forward. The Company plans to pursue legal actions to recover the 3,800,000
shares of stock issued to Mr. Holden.



On
April 12, 2019, the Company issued 18,000,000 shares of common stock for the acquisition Novopelle.



On
April 12, 2019, the Company entered into four exchange agreements with current shareholders to cancel 5,900,000 shares of common
stock in exchange for four long-term notes totaling $350,000.



On
May 3rd, 2019, the Company issued 100,000 shares of the Company’s common stock to a non-related third-party investor
in exchange for $10,000 in cash.



On
June 21, 2019, the Company issued 50,000 shares of common stock as part consideration of a loan agreement. The shares were valued
at $0.10 per share or $5,000.



On
June 24th, 2019, the issued 250,000 shares of the Company’s common stock as part consideration of an exclusive
licensing agreement. The shares were valued at $0.10 per share or $25,000.



On
August 23, 2019, the Company issued 100,000 shares of the Company’s common stock in consideration for consulting services.
The shares were valued at $1.50 per share or $150,000.



On
September 9, 2019, the Company issued 100,000 shares of common stock as part consideration of a loan agreement. The shares were
valued at $1.00 per share or $100,000.



On
July 5, 2019, our Board of Directors adopted and approved our 2019 Stock Option and Incentive Plan (the “Plan”).
The Plan is intended to promote the interests of our Company by providing eligible person with the opportunity to acquire a proprietary
interest, or otherwise increase their proprietary interest, in the Company as an incentive for them to remain in the service of
the Company. The maximum number of shares available to be issued under the Plan is currently 10,000,000 shares, subject to adjustments
for any stock splits, stock dividends or other specified adjustments which may take place in the future. The Company issued a
total of 1,335,000 shares to eligible persons under the Plan and recorded a total $1,662,750 as Stock Based Compensation against
these issuances for the nine months ended September 30, 2019.



11







Note
12 — Going Concern



As
reflected in the accompanying financial statements, the Company has a net loss of $2,171,601 for the nine months ended September
30, 2019, an accumulated deficit of $2,179,121. 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. 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.



Note
13 – Subsequent Events



On
October 1, 2019, the Company entered into an Employment Agreement with Jesse L. Dickens, Jr. to serve as the Chief Executive Officer
of the Company’s newly formed wholly owned subsidiary, Capitol City Solutions USA, Inc. (“CCS”) (the “Employment
Agreement”). Pursuant to the Employment Agreement, Mr. Dickens will receive an annual base salary of $120,000 and shall
receive an equity grant in the amount of one million (1,000,000) shares of the Company’s common stock (the “Equity
Shares”) pursuant to a vesting period of one-year, of which two-hundred and fifty thousand (250,000) shares were issued
to Mr. Dickens at the signing of the Employment Agreement and the remaining shares issuable as follows: 250,000 shares on January
1, 2020, 250,000 shares on April 1, 2020, and 250,000 shares on July 1, 2020.



On
October 11, 2019, the Company issued a convertible promissory note with a principal amount of $75,000 to an unrelated party in
exchange for $75,000 in cash. The convertible promissory note has a maturity date of July 11, 2020 and accrues interest at the
rate of 10% per annum until paid in full by the Company. In the event that the Company files, and has qualified by the SEC an
offering Statement on Regulation A of the Securities Act of 1933, as amended, the Note holder has the rights to convert all of
any portion of the principal amount and accrued interest due on the Note into issued in the Offering Statement. In the event the
Company does not file an Offering Statement or an Offering Statement has not been Qualified, the investor shall have the to convert
all or any part of the outstanding and unpaid amount of the Note shares of the Company’s common stock valued at sixty percent
(60%) of the lowest traded price for the Company’s common stock during the twenty (20) trading days preceding the relevant
conversion, representing a 40% discount. Furthermore, the Company issued 10,000 shares of the Company’s common stock to
the unrelated party investor as further consideration to enter into the loan with the Company.



On
October 18, 2019, Legend Nutrition, Inc. (“Legend”), a wholly owned subsidiary of the Company entered into an Asset
Purchase Agreement with David Morales (the “Asset Purchase Agreement”) to acquire all of the assets associated with
and related to a retail vitamin, supplements and nutrition store located in Mckinney, TX and currently identified and doing business
as “Ideal Nutrition.” Pursuant to the Asset Purchase Agreement, Legend purchased a variety of assets including software,
contracts, bank and merchant accounts, products, inventory, computers, security systems and other intellectual properties (the
“Assets”). Legend is continuing to operate the business as Ideal Nutrition and intends to officially rebrand as Legend
Nutrition in the upcoming months. For consideration of the Assets, Legend issued to Mr. Morales a promissory note in the amount
of Seventy-Five Thousand US Dollars ($75,000) bearing an interest rate of five percent (5%) per annum and with a maturity date
of one year (the “Promissory Note”).



On
October 18, 2019 and concurrent with the Asset Purchase Agreement, Legend entered into an Employment Agreement with Michael Ladner
to serve as its Chief Executive Officer (the “Ladner Employment Agreement”). Pursuant to the Ladner Employment Agreement,
Mr. Ladner will receive an annual base salary of $60,000 per annum and shall increase to $100,000 per annum starting January 1,
2020 through October 18, 2021. In addition, Mr. Ladner shall be eligible to receive cash performance bonuses equal to five percent
(5%) of the net profits generated by each Legend Nutrition store location while the Mr. Ladner is employed by Legend. Further,
Mr. Ladner may participate in equity incentive programs as determined by the Company from time to time. The Ladner Employment
Agreement has a two-year term, provided, however, after the end of the term, the agreement will automatically renew for successive
one-year terms.



On
October 28, 2019, the Company issued a convertible promissory note with a principal amount of $78,750 to an unrelated party investor
in exchange for $75,000 in cash. The convertible promissory note has a maturity date of October 28, 2020 and accrues interest
at the rate of 10% per annum until paid in full by the Company. The conversion price shall equal the lesser of (i) the price per
share of Common Stock sold to investors in that certain offering Statement on Regulation A as qualified by the Securities Act
of 1933, as amended, or (ii) a variable conversion Price” equal to 60% multiplied by the lowest Trading Price for the Common
Stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date, representing
a discount rate of 40%.



12







On
October 28, 2019, the Company issued a convertible promissory note with a principal amount of $78,750 to an unrelated party investor
in exchange for $75,000 in cash. The convertible promissory note has a maturity date of October 28, 2020 and accrues interest
at the rate of 10% per annum until paid in full by the Company. The conversion price shall equal the lesser of (i) the price per
share of Common Stock sold to investors in that certain offering Statement on Regulation A as qualified by the Securities Act
of 1933, as amended, or (ii) a variable conversion Price” equal to 60% multiplied by the lowest Trading Price for the Common
Stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date, representing
a discount rate of 40%.



On
October 28, 2019, the Company issued a convertible promissory note with a principal amount of $78,750 to an unrelated party investor
in exchange for $75,000 in cash. The convertible promissory note has a maturity date of October 28, 2020 and accrues interest
at the rate of 10% per annum until paid in full by the Company. The conversion price shall equal the lesser of (i) the price per
share of Common Stock sold to investors in that certain offering Statement on Regulation A as qualified by the Securities Act
of 1933, as amended, or (ii) a variable conversion Price” equal to 60% multiplied by the lowest Trading Price for the Common
Stock during the ten (10) trading day period ending on the latest complete trading day prior to the conversion date, representing
a discount rate of 40%.



On
November 1, 2019, the Company issued 300,000 shares of the Company’s common stock to eligible persons under the Plan.



On
November 6, 2019, Novopelle Waterway, Inc. (“Novopelle Waterway”), a wholly owned subsidiary of the Company, entered
into a Lease Agreement with 20 & 25 Waterway Holdings, LLC (the “Landlord”) to lease and occupy approximately
1,254 square feet of commercial retail space located at 25 Waterway, Suite 150, The Woodlands, TX to operate a newly established
Novopelle Med Spa (the “Lease Agreement”). The Lease Agreement has a term of five (5) years and commences on the date
which is the earlier to occur of (a) one hundred ten (110) days following delivery of the premises to Novopelle Waterway, or (b)
the day upon which Novopelle Waterway opens for business. The annual base rent is $53,922, or $43 per square foot, and shall increase
at a rate of three percent (3%) per annum until the end of the lease term (the “Base Rent”). In addition to the Base
Rent, Novopelle Waterway shall reimburse the landlord for its pro-rata share of all real estate taxes and assessments, hazard
and liability insurance and common area maintenance costs for the entire shopping center (the “Additional Rent” or
“Triple Net”). At execution of the Lease Agreement, the Additional Rent was estimated at $15.59 per square foot per
year.



On
November 11, 2019, the Company issued 30,000 shares of the Company’s common stock to eligible persons under the Plan.



Management
has evaluated all subsequent events through November 20, 2019, the date the financial statements were available to be issued.
No change to the financial statements for the quarter ended September 30, 2019 is deemed necessary as a result of this evaluation.



13







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



Results
of Operations for AMIH



Three
months ended September 30, 2019 compared to the three months ended September 30, 2018



Revenues
for the three months ended September 30, 2019 and 2018 was $52,085 and $18,695, respectively



Cost
of sales were $37,957 for the three months ended September 30, 2019 and compared to $6,576 for the three months ended September
30, 2018.



Selling,
general and administrative expenses were $2,068,141 for the three months ended September 30, 2019, compared to $10,473 for the
three months ended September 30, 2018.



Nine
months ended September 30, 2019 compared to the nine months ended September 30, 2018.



Revenues
for the nine months ended September 30, 2019 and 2018 were $143,032 and $24,94, respectively.



Cost
of sales were $73,672 for the nine months ended September 30, 2019 compared to $6,576 for the nine months ended September 30,
2018. Selling, general and administrative expenses were $2,208,533, including $1,837,750 in stock-based compensation, and $10,902,
respectively



14







Liquidity
and Capital Resources for AMIH



As
of September 30, 2019, AMIH had total assets of $463,886, including $21,867 in cash. At December 31, 2018, AMIH had total assets
of $123,350, including $18,796 in cash.



As
of September 30, 2019, and December 31, 2018, AMIH had total current liabilities of $448,376 and $128,734 respectively.



AMIH
had negative working capital of $426,509 and $101,072 as of September 30, 2019 and December 31, 2018, respectively.



Net
used in operating activities was $155,504 for the nine months ended September 30, 2019. Net cash provided by operating activities
was $7,557 for the nine months ended September 30, 2018.



Net
cash used in investing activities for the nine-months ended September 30, 2019 and 2018, was $17,034 and $0, respectively. Net
cash used investing activities for the nine months ended September 30, 2019 was used purchased property and equipment used in
operations.



Net
cash provided by financing activities during the nine months ended September 30, 2019 was $175,609, compared to $58,967 during
the nine months ended September 30, 2018. During the nine months ended September 30, 2019, the Company sold common shares for
$10,000, borrowed $40,000 in long-term borrowing and $195,257 form related parties. It also repaid $66,624 in borrowing from related
parties, $3,024 principal payments on long-term debt. During the nine months ended September 30, 2018, the Company borrowed $88,510
in short-term borrowing from related parties, and repaid $58,967 in borrowing from related parties.



Off-Balance
Sheet Arrangements



As
of September 30, 2019 and December 31, 2018, AMIH did not have any off-balance sheet arrangements as defined in Item 303(aX4Xii)
of Regulation S-K promulgated under the Securities Act of 1934.



ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



Not
applicable



ITEM
4. CONTROLS AND PROCEDURES



Evaluation
of disclosure controls and procedures.As of September 30, 2019, 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.



15







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 nine months ended September 30, 2019, there were no material changes from risk factors as disclosed in Part I, Item lA of
the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.



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.



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                                                                



16







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/
    Jacob D. Cohen                              | 
|-- | --------------------------------------------------- | 
|   | Chief
    Executive Officer, President and Director | 
|   | November
    19, 2019                               | 
|   |                                                     | 
|By | /s/
    Everett R Bassie                            | 
|   | Everett
    R. Bassie                               | 
|   | Chief
    Financial Officer                         | 
|   | November
    19, 2019                               | 



17