10-K
2014-12-31
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American International Industries Inc
0001073146
--12-31
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<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
1 - Summary of Significant Accounting Policies</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Organization,
Ownership and Business</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
International Industries, Inc. ("American"), a Nevada corporation,
operates as a diversified holding company with a number of wholly-owned
subsidiaries and some partially owned subsidiaries. American is a diversified
corporation with interests in industrial/commercial companies and an oil and gas
service business. American's business strategy is to acquire controlling equity
interests in businesses that it considers undervalued. American's management
takes an active role in providing its subsidiaries with access to capital,
leveraging synergies and providing management expertise in order to improve its
subsidiaries' growth.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Principles
of Consolidation</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
consolidated financial statements include the accounts of American and its
wholly-owned subsidiaries Northeastern Plastics, Inc. ("NPI") and
American International Texas Properties, Inc. ("AITP"), American
International Holdings Corp. (“AMIH”), in which American holds a 93.2%
shareholder interest, and Brenham Oil & Gas Corp. (“BOG”), in
which American holds a 51.0% interest. All significant intercompany
transactions and balances have been eliminated in consolidation.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b>Discontinued
Operations</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>In accordance with
Accounting Standards Codification (ASC) 205-20, Presentation of Financial
Statements-Discontinued Operations, American reported the results of its NPI
operations as a discontinued operation. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Reclassifications</b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>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.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Cash
and Equivalents</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
considers cash and equivalents to include cash on hand and certificates of
deposits with banks with an original maturity of three months or less, that
American intends to convert.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Accounts
Receivable</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Accounts
receivable consist primarily of trade receivables, net of a valuation allowance
for doubtful accounts.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Allowance
for Doubtful Accounts</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
extends credit to customers and other parties in the normal course of business.
American regularly reviews outstanding receivables and provides for estimated
losses through an allowance for doubtful accounts. In evaluating the level of
established reserves, American makes judgments regarding its customers' ability
to make required payments, economic events and other factors. As the financial
condition of these parties change, circumstances develop or additional
information becomes available, adjustments to the allowance for doubtful
accounts may be required. When American determines that a customer may not be
able to make required payments, American increases the allowance through a
charge to income in the period in which that determination is made.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Notes
Receivable</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Notes
receivable are carried at the expected net realizable value. Impairment of notes
receivable is based on management's continued assessment of the collectability
of debtors.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Inventories</b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Inventories
are valued at the lower-of-cost or market on a first-in, first-out basis and
includes the cost of the inventories and freight. American assesses the
realizability of its inventories based upon specific usage and future utility. A
charge to income is taken when factors that would result in a need for a
reduction in the valuation, such as excess or obsolete inventory, are noted.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Investment
Securities</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
accounts for its investments in accordance with ASC 320-10, "Investments in
Debt and Equity Securities." Management determines the appropriate
classification of its investments in marketable securities at the time of
purchase and reevaluates such determination at each balance sheet date.
Securities that are bought and held principally for the purpose of selling them
in the near term are classified as trading securities. Debt securities for which
American does not have the intent or ability to hold to maturity and equity
securities not classified as trading securities are classified as
available-for-sale. The cost of investments sold is determined on the specific
identification or the first-in, first-out method. Trading securities are
reported at fair value with unrealized gains and losses recognized in earnings,
and available-for-sale securities are also reported at fair value but unrealized
gains and losses are included in stockholders' equity. Management determines
fair value of its investments based on quoted market prices at each balance
sheet date.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Oil
and Gas Properties, Full Cost Method</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>BOG
uses the full cost method of accounting for oil and gas producing activities.
Costs to acquire mineral interests in oil and gas properties, to drill and equip
exploratory wells used to find proved reserves, and to drill and equip
development wells including directly related overhead costs and related asset
retirement costs are capitalized.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Under
this method, all costs, including internal costs directly related to
acquisition, exploration and development activities, are capitalized as oil and
gas property costs. Properties not subject to amortization consist of
exploration and development costs that are evaluated on a property-by-property
basis. Amortization of these unproved property costs begins when the properties
become proved or their values become impaired. BOG assesses overall values of
unproved properties, if any, on at least an annual basis or when there has been
an indication that impairment in value may have occurred. Impairment of
unproved properties is assessed based on management's intention with regard to
future development of individually significant properties and the ability of BOG
to obtain funds to finance their programs. If the results of an assessment
indicate that the properties are impaired, the amount of the impairment is added
to the capitalized costs to be amortized.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Under
this method, sales of oil and natural gas properties are accounted for as
adjustments to the net full cost pool with no gain or loss recognized, unless
the adjustment would significantly alter the relationship between capitalized
costs and proved reserves. If it is determined that the relationship is
significantly altered, the corresponding gain or loss will be recognized in the
consolidated statements of operations.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Costs
of oil and gas properties are amortized using the units of production method
under this method. Depletion expense calculated per equivalent physical
unit of production amounted to $0.44 per barrel of oil equivalent for the year
ended December 31, 2014.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Ceiling
Test</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>In
applying the full cost method, BOG performs an impairment test (ceiling test) at
each reporting date, whereby the carrying value of oil and gas properties is
compared to the “estimated present value” of its proved reserves
discounted at a 10-percent interest rate of future net revenues, based on
current economic and operating conditions at the end of the period, plus the
cost of properties not being amortized, plus the lower of cost or fair market
value of unproved properties included in costs being amortized, less the income
tax effects related to book and tax basis differences of the properties. If
capitalized costs exceed this limit, the excess is charged as an impairment
expense. During the years ended December 31, 2014 and 2013, no
impairment of oil and gas properties was recorded.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Property,
Plant, Equipment, Depreciation, Amortization and Long-Lived Assets</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Long-lived
assets include:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>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. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Identifiable
intangible assets – These assets are recorded at acquisition cost.
Intangible assets with finite lives are amortized evenly over their estimated
useful lives.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>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.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>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. An impairment loss is recognized to the
extent that a reporting unit’s recorded goodwill exceeds the implied fair
value of goodwill. At December 31, 2014 and 2013, American completed its annual
impairment testing of goodwill. As of December 31, 2014, the Company determined
its NPI goodwill was impaired, and recorded an impairment to write down goodwill
to its estimated net realizable value of 254,798.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Revenue
Recognition</b> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Revenue
is recognized when the earnings process is completed, the risks and rewards of
ownership have transferred to the customer, which is generally the same day as
delivery or shipment of the product, the price to the buyer is fixed or
determinable, and collection is reasonably assured. NPI had purchase orders for
all sales, of which many of the items are requested to be container shipped and
shipped directly to the end users. All sales were recorded when the inventory
items are shipped. Taxes assessed by a governmental authority that were incurred
as a result of a revenue transaction are not included in revenues. NPI had no
significant sales returns or allowances.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:3.75pt;text-autospace:ideograph-numeric
ideograph-other'>BOG generally sells crude oil and natural gas under short-term
agreements at prevailing market prices. In some cases (e.g., natural gas),
products may be sold under long-term agreements, with periodic price
adjustments. Revenues are recognized when the products are delivered, which
occurs when the customer has taken title and has assumed the risks and rewards
of ownership, prices are fixed or determinable, and collectibility is reasonably
assured. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:4.5pt;text-autospace:ideograph-numeric
ideograph-other'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:3.75pt;text-autospace:ideograph-numeric
ideograph-other'>Revenues from the production of natural gas properties in which
BOG has an interest with other producers are recognized on the basis of
BOG’s net working interest. Differences between actual production and net
working interest volumes are not significant.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:3.75pt;text-autospace:ideograph-numeric
ideograph-other'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Purchases
and sales of inventory with the same counterparty that are entered into in
contemplation of one another are combined and recorded as exchanges measured at
the book value of the item sold.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Income
Taxes</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
is a taxable entity and recognizes deferred tax assets and liabilities for the
future tax consequences attributable to differences between the financial
statement carrying amounts of existing assets and liabilities and their
respective tax basis. Deferred tax assets and liabilities are measured using
enacted tax rates expected to be in effect when the temporary differences
reverse. The effect on the deferred tax assets and liabilities of a change in
tax rates is recognized in income in the year that includes the enactment date
of the rate change. A valuation allowance is used to reduce deferred tax assets
to the amount that is more likely than not to be realized. Interest
and penalties associated with income taxes are included in selling, general and
administrative expense.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
has adopted ASC 740-10 “Accounting for Uncertainty in Income Taxes”
which prescribes a comprehensive model of how a company should recognize,
measure, present, and disclose in its financial statements uncertain tax
positions that the company has taken or expects to take on a tax return. ASC
740-10 states that a tax benefit from an uncertain position may be recognized if
it is "more likely than not" that the position is sustainable, based
upon its technical merits. The tax benefit of a qualifying position is the
largest amount of tax benefit that is greater than 50 percent likely of being
realized upon ultimate settlement with a taxing authority having full knowledge
of all relevant information. As of December 31, 2014, American had not recorded
any tax benefits from uncertain tax positions.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Net
Income (Loss) Per Common Share</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
basic net income (loss) per common share is computed by dividing the net income
(loss) by the weighted average number of shares outstanding during a period.
Diluted net income (loss) per common share is computed by dividing the net
income (loss), adjusted on an as if converted basis, by the weighted
average number of common shares outstanding plus potential dilutive
securities. For the years ended December 31, 2014 and 2013, the
Company had no potential dilutive securities.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Advertising
Costs</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
cost of advertising is expensed as incurred.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Management's
Estimates and Assumptions</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
preparation of consolidated 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.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Stock-Based
Compensation</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
sometimes grants shares of stock for goods and services and in conjunction with
certain agreements. These grants are accounted for based on the grant date
fair values.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<b> </b> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Fair
Value of Financial Instruments</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Effective
January 1, 2008, American adopted the framework for measuring fair value that
establishes a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and lowest priority to unobservable inputs
(Level 3 measurements). The three levels of the fair value hierarchy are
described below:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Basis
of Fair Value Measurement</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
1 Observable inputs that reflect quoted prices
(unadjusted) for identical assets or liabilities in active markets.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
2 Inputs reflect quoted prices for identical assets or
liabilities in markets that are not active; quoted prices for similar assets or
liabilities in active markets; inputs other than quoted prices that are
observable for the asset or the liability; or inputs that are derived
principally from or corroborated by observable market data by correlation or
other means.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
3 Unobservable inputs reflecting American's own assumptions
incorporated in valuation techniques used to determine fair value. These
assumptions are required to be consistent with market participant assumptions
that are reasonably available.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
believes that the fair value of its financial instruments comprising cash,
accounts receivable, notes receivable, accounts payable, and notes payable
approximate their carrying amounts. The interest rates payable by
American on its notes payable approximate market rates. The fair
values of American's Level 1 financial assets, trading securities and marketable
securities - available for sale that primarily include shares of common stock in
various companies, are based on quoted market prices of the identical underlying
security. As of December 31, 2014 and 2013, American did not have any
significant Level 2 or 3 financial assets or liabilities.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
following tables provide fair value measurement information for American's
trading securities and marketable securities - available for sale: </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="18%" colspan="2"
style='width:18.9%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="18%" style='width:18.82%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="14%"
style='width:14.92%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2"
style='width:15.72%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2"
style='width:15.88%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.76%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="81%" colspan="7" valign="bottom"
style='width:81.1%;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>As
of December 31, 2014</b></p> </td> </tr> <tr style='height:12.4pt'> <td
width="18%" colspan="2" valign="bottom"
style='width:18.9%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="33%" colspan="2" valign="bottom"
style='width:33.74%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="47%" colspan="5" valign="bottom"
style='width:47.36%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Fair
Value Measurements Using:</b> </p> </td> </tr> <tr style='height:49.5pt'>
<td width="18%" colspan="2" valign="bottom"
style='width:18.9%;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="18%" valign="bottom"
style='width:18.82%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Carrying</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Amount</b></p>
</td> <td width="14%" valign="bottom"
style='width:14.92%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Quoted
Prices</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>in
Active Markets</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
1)</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant
Other</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Observable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
2)</b></p> </td> <td width="15%" valign="bottom"
style='width:15.76%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Unobservable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
3)</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;background:#CCFFCC;padding:0;height:12.4pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b>Financial
Assets:</b></p> </td> <td width="18%" valign="bottom"
style='width:18.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="14%" valign="bottom"
style='width:14.92%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.72%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.88%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom"
style='width:15.76%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" colspan="2" valign="bottom"
style='width:18.9%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> Trading
Securities</p> </td> <td width="18%" valign="bottom"
style='width:18.82%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="14%" valign="bottom"
style='width:14.92%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.76%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:24.75pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;background:#CCFFCC;padding:0;height:24.75pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:13.5pt;text-indent:-13.5pt'> Marketable
Securities - available for sale</p> </td> <td width="18%" valign="bottom"
style='width:18.82%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$ 63,250
       </p> </td> <td width="14%"
valign="bottom"
style='width:14.92%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$ 63,250</p>
</td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
63,250</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.76%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:9.9pt'> <td width="18%"
style='width:18.62%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="19%" colspan="2" style='width:19.1%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" style='width:15.02%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.62%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.82%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" style='width:15.82%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="81%" colspan="8" valign="bottom"
style='width:81.38%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>As
of December 31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td
width="18%" valign="bottom" style='width:18.62%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="34%" colspan="4" valign="bottom"
style='width:34.12%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="47%" colspan="4" valign="bottom"
style='width:47.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value Measurements Using:</b></p> </td> </tr> <tr style='height:49.5pt'> <td
width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="19%" colspan="2" valign="bottom"
style='width:19.1%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Carrying</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Amount</b></p>
</td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value</b></p> </td> <td width="15%" valign="bottom"
style='width:15.62%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Quoted
Prices</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>in
Active Markets</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
1)</b></p> </td> <td width="15%" valign="bottom"
style='width:15.82%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant
Other</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Observable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
2)</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Unobservable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
3)</b></p> </td> </tr> <tr style='height:13.2pt'> <td width="18%"
valign="bottom" style='width:18.62%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b>Financial
Assets:</b></p> </td> <td width="19%" colspan="2" valign="bottom"
style='width:19.1%;border:none;border-top:solid black
1.0pt;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.02%;border:none;border-top:solid black
1.0pt;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom" style='width:15.62%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom" style='width:15.82%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.82%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> Trading
Securities</p> </td> <td width="19%" colspan="2" valign="bottom"
style='width:19.1%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p>
</td> <td width="15%" valign="bottom"
style='width:15.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:24.75pt'> <td width="18%" valign="bottom"
style='width:18.62%;padding:0;height:24.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:13.5pt;text-indent:-13.5pt'> Marketable
Securities - available for sale</p> </td> <td width="19%" colspan="2"
valign="bottom" style='width:19.1%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
8,000</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$    
8,000</p> </td> <td width="15%"
valign="bottom" style='width:15.62%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
8,000</p> </td> <td width="15%" valign="bottom"
style='width:15.82%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr> <td width="139" style='border:none'></td> <td width="2"
style='border:none'></td> <td width="141" style='border:none'></td> <td
width="112" style='border:none'></td> <td width="1" style='border:none'></td>
<td width="117" style='border:none'></td> <td width="118"
style='border:none'></td> <td width="0" style='border:none'></td> <td
width="118" style='border:none'></td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Subsequent
Events</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
has evaluated all transactions from December 31, 2014 through the
financial statement issuance date for subsequent event disclosure
consideration.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>New
Accounting Pronouncements</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:8.8pt;text-align:justify'>In
May 2014, the FASB issued an ASU addressing recognition of revenue from
contracts with customers. When adopted, this guidance will supersede
current revenue recognition rules currently followed by the Company. The
core principle of the new ASU is that an entity should recognize revenue to
depict the transfer of promised goods or services to customers that reflects the
consideration to which the entity expects to be entitled in exchange for those
goods or services. The ASU provides five steps for an entity to apply in
recognizing revenue, including: (1) identify the customer contract;
(2) identify the contractual performance obligations; (3) determine the
transaction price; (4) allocate the transaction price to the contractual
performance obligations; and (5) recognize revenue when the performance
obligation is satisfied. The new ASU also requires additional disclosures
regarding significant contracts with customers. The new ASU will be
effective for the Company on January 1, 2017, and early adoption is not
permitted. For transition purposes, the new ASU permits either (a) a
retrospective application to all years presented, or (b) an alternative
transition method whereby the new guidance is only applied to contracts not
completed at the date of initial application. The vast majority of the
Company’s revenue is recognized when oil and natural gas produced by the
Company is delivered and legal ownership of these products has transferred to
the purchaser. Based on the Company’s present understanding, the
accounting for oil and gas sales revenue is not expected to be significantly
altered by the new ASU. The Company has not yet selected which transition
method it will use.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>In
August 2014, the FASB issued an ASU requiring, when applicable, disclosures
regarding uncertainties about an entity’s ability to continue as a going
concern. During the preparation of quarterly and annual financial
statements, management should evaluate whether conditions or events exist that
raise substantial doubt about the entity’s ability to continue as a going
concern within one year after the date the financial statements are
issued. If this evaluation indicates that it is probable that an entity
will be unable to meet its obligations when they become due within one year of
the financial statement issuance date, management must evaluate whether its
mitigation plans will alleviate the substantial doubt of continuing as a going
concern. If substantial doubt exists, regardless of whether the mitigation
plan alleviates the concern, additional disclosures are required in the
financial statements addressing the conditions or events that raise substantial
doubt, management’s evaluation of the significance of those conditions or
events, and management’s mitigation plans. This new guidance will
become effective for the Company for all reporting periods beginning in
2016. Early application is permitted. The Company’s management
currently does not expect that this new guidance will have a significant effect
on its consolidated financial statements when adopted.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
2 - Discontinued Operations</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'>During
the fourth quarter of 2014, the Company determined that it would cease all
operations and sell its subsidiary, NPI.  The Company’s board of
directors decided that it was in the best interest of the Company to sell NPI
due to substantial losses incurred by NPI.  As a result, the Company has
identified the assets and liabilities of the NPI subsidiary as assets and
liabilities of discontinued operations at December 31, 2014, and has segregated
its operating results and presented them separately as a discontinued operation
for all periods presented.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'>The
summarized operating results for discontinued operations is as follows:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="2%" valign="top"
style='width:2.86%;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b>Year Ended December 31, 2014</b></p> </td> <td width="2%"
valign="bottom" style='width:2.86%;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'></td> <td
width="26%" valign="bottom" style='width:26.42%;border:none;border-bottom:solid
windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b>Year Ended December 31, 2013</b></p> </td> </tr> <tr
style='height:12.1pt'> <td width="40%" valign="bottom"
style='width:40.56%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Revenues </p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>6,192,119</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="26%" valign="bottom"
style='width:26.42%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>7,107,732</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Cost of revenues </p> </td> <td width="2%"
valign="bottom" style='width:2.86%;border:none;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(4,755,694)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(5,432,424)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Selling, general and administrative </p> </td> <td
width="2%" valign="bottom" style='width:2.86%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(2,038,704)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'></td> <td
width="26%" valign="bottom" style='width:26.42%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(2,001,801)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Impairment of assets </p> </td> <td width="2%"
valign="bottom" style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(419,741)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>-</p> </td> </tr> <tr style='height:12.65pt'> <td width="40%"
valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total costs and expenses </p> </td> <td width="2%"
valign="bottom" style='width:2.86%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:solid windowtext
1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:solid windowtext
1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(7,214,139)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:solid windowtext
1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'></td> <td
width="26%" valign="bottom" style='width:26.42%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:solid windowtext
1.0pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> (7,434,225)</p> </td> </tr> <tr style='height:12.1pt'>
<td width="40%" valign="bottom"
style='width:40.56%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Operating loss</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(1,022,020)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(326,493)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Other income (expenses):</p> </td> <td width="2%"
valign="bottom" style='width:2.86%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'></td> <td
width="2%" valign="bottom" style='width:2.86%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'></td> </tr> <tr
style='height:12.1pt'> <td width="40%" valign="bottom"
style='width:40.56%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Interest income </p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>-</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="26%" valign="bottom"
style='width:26.42%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>5,526</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Interest expense </p> </td> <td width="2%"
valign="bottom" style='width:2.86%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(175,445)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;padding:0in 5.4pt 0in 5.4pt;height:12.1pt'></td> <td
width="26%" valign="bottom" style='width:26.42%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(183,631)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Income tax expense </p> </td> <td width="2%"
valign="bottom" style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(6,990)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(8,302)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Other expense</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>-</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="26%" valign="bottom"
style='width:26.42%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(56,213)</p> </td> </tr> <tr style='height:12.1pt'> <td
width="40%" valign="bottom" style='width:40.56%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total other expenses</p> </td> <td width="2%"
valign="bottom" style='width:2.86%;border:none;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(182,435)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'></td> <td width="26%" valign="bottom"
style='width:26.42%;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(242,620)</p> </td> </tr> <tr style='height:12.65pt'> <td
width="40%" valign="bottom" style='width:40.56%;padding:0in 5.4pt 0in
5.4pt;height:12.65pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Loss from discontinued operations </p> </td> <td
width="2%" valign="bottom" style='width:2.86%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="27%" valign="bottom"
style='width:27.28%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(1,204,455)</p> </td> <td width="2%" valign="bottom"
style='width:2.86%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="26%" valign="bottom"
style='width:26.42%;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:12.65pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>(569,113)</p> </td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;background:white'>Summary
of assets and liabilities of discontinued operations is as follows:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;background:white'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'></td> <td width="5%" valign="bottom"
style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'></td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'><b>December 31, 2014</b></p> </td> <td width="3%"
valign="bottom" style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'><b> </b></p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'><b>December 31, 2013</b></p> </td> </tr> <tr
style='height:10.7pt'> <td width="47%" valign="bottom"
style='width:47.62%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'><u>Current assets</u></p> </td> <td width="5%" valign="bottom"
style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom" style='width:3.82%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Cash and cash equivalents</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>52,295
</p> </td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>45,200 </p> </td> </tr> <tr style='height:13.35pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:13.35pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Accounts receivable, net</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in
5.4pt;height:13.35pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom" style='width:23.46%;padding:0in 5.4pt 0in
5.4pt;height:13.35pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>531,604
</p> </td> <td width="3%" valign="bottom" style='width:3.82%;padding:0in 5.4pt
0in 5.4pt;height:13.35pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;padding:0in 5.4pt 0in 5.4pt;height:13.35pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>1,359,706 </p> </td> </tr> <tr style='height:12.85pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Inventories, net</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:12.85pt'></td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,473,363
</p> </td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.85pt'></td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>1,495,030 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Other current assets</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:solid black 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>39,579
</p> </td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt
0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:solid black 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>32,527 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total current
assets of discontinued operations</p> </td> <td width="5%" valign="bottom"
style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,096,841
</p> </td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>2,932,463 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'></td> <td width="5%" valign="bottom"
style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'></td> <td
width="23%" valign="bottom" style='width:23.46%;border:none;padding:0in 5.4pt
0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom" style='width:3.82%;border:none;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'><u>Non-current assets</u></p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Property and equipment, net</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom" style='width:23.46%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>10,113
</p> </td> <td width="3%" valign="bottom" style='width:3.82%;padding:0in 5.4pt
0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>744,540 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>  Patents, trademarks and tooling, net</p> </td> <td
width="5%" valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>144,283</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>160,883</p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>  Goodwill</p> </td> <td width="5%" valign="bottom"
style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>254,798</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>674,539</p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total
non-current assets of discontinued operations</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>409,194
</p> </td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>1,579,962 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'></td> <td width="5%" valign="bottom"
style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'></td> <td
width="23%" valign="bottom" style='width:23.46%;border:none;padding:0in 5.4pt
0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom" style='width:3.82%;border:none;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'><u>Current liabilities</u></p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Accounts payable and accrued expenses</p>
</td> <td width="5%" valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom" style='width:23.46%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>792,395</p>
</td> <td width="3%" valign="bottom" style='width:3.82%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>539,215</p> </td> </tr> <tr style='height:10.7pt !msorm'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt 0in 5.4pt 0in 5.4pt !msorm;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Note payable</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt 0in 5.4pt 0in 5.4pt !msorm;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in
5.4pt !msorm;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in
5.4pt !msorm;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in
5.4pt !msorm;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>1,341,243</p> </td> </tr> <tr style='height:11.25pt !msorm'>
<td width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in 5.4pt
0in 5.4pt 0in 5.4pt !msorm;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Line of credit</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in 5.4pt 0in 5.4pt 0in
5.4pt !msorm;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt
!msorm;padding:0in 5.4pt 0in 5.4pt !msorm;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt
!msorm;padding:0in 5.4pt 0in 5.4pt !msorm;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;border:none !msorm;border-bottom:solid windowtext 1.0pt
!msorm;padding:0in 5.4pt 0in 5.4pt !msorm;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>1,318,034</p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total current liabilities of discontinued
operations</p> </td> <td width="5%" valign="bottom"
style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>792,395</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>3,198,492</p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'></td> <td width="5%" valign="bottom"
style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'></td> <td
width="23%" valign="bottom" style='width:23.46%;border:none;padding:0in 5.4pt
0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom" style='width:3.82%;border:none;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'><u>Long-term liabilities</u></p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Long-term debt</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom" style='width:23.46%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,512,542</p>
</td> <td width="3%" valign="bottom" style='width:3.82%;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'></td> <td width="19%" valign="bottom"
style='width:19.82%;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>314,469 </p> </td> </tr> <tr style='height:11.25pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Deferred revenue</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>464,798</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>-</p> </td> </tr> <tr style='height:11.25pt'> <td width="47%"
valign="bottom" style='width:47.62%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>    Other</p> </td> <td width="5%"
valign="bottom" style='width:5.28%;padding:0in 5.4pt 0in 5.4pt;height:11.25pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:solid black 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>36,300</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:solid black 1.0pt;padding:0in 5.4pt
0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:solid black 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:11.25pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>36,349</p> </td> </tr> <tr style='height:10.7pt'> <td
width="47%" valign="bottom" style='width:47.62%;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:10.7pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total long-term liabilities of
discontinued operations</p> </td> <td width="5%" valign="bottom"
style='width:5.28%;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:10.7pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="23%" valign="bottom"
style='width:23.46%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,013,640</p>
</td> <td width="3%" valign="bottom"
style='width:3.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>$</p> </td> <td width="19%" valign="bottom"
style='width:19.82%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:10.7pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'>350,818 </p> </td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
Company reviews its goodwill for impairment on an annual basis, or as events or
circumstances might indicate that the carrying value of the investment may not
be recoverable. As of December 31, 2014, the Company determined its NPI goodwill
of $674,539 was impaired, and recorded an impairment to write down goodwill to
its estimated net realizable value of 254,798. As a result, the Company recorded
a one-time impairment of assets totaling $419,741, which is included in the loss
from discontinued operations.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
long-term debt of NPI of $1,512,542 is guaranteed by the Company.  See Note
9.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt'>On March 6, 2014, NPI, Inc. sold its
office warehouse property, a 32,000 sq. ft. office warehouse facility on I-59 in
Houston, Texas, to a third party. The property was sold for $1,325,000 in cash.
NPI paid selling expenses of $108,314 and received cash proceeds of $1,183,101.
The basis in the property and equipment sold was $727,320 on the date of the
sale. Because NPI immediately leased back the warehouse from the seller upon
closing, the transaction was accounted for as a sales leaseback transaction,
pursuant to guidance in ASC 840,<i> Leases</i>. NPI recorded deferred income of
$489,366 initially would be amortized to rent expense over the life of the
lease. At December 31, 2014, the balance of deferred revenue is $464,798. 
The lease term is 10 years and annual base rent is $121,500, and then increases
by 2% each year over the 10 year life of the lease. Daniel Dror, Chairman and
CEO of American, is a personal guarantor of the lease.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 3
- Trading Securities and Marketable Securities - Available for Sale</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Investments
in equity securities primarily include shares of common stock in various
companies that are bought and held principally for the purpose of selling them
in the near term with the objective of generating profits on short-term
differences in price. These investments are classified as trading securities
and, accordingly, any unrealized changes in market values are recognized in the
consolidated statements of operations. For the years ended December 31,
2014 and 2013, American had net unrealized trading losses of $222,626
and net unrealized trading losses of $48,416, respectively, related to
securities held on those dates. American recorded net realized losses of
$267,014 and net realized gains of $252,143 for the years ended December
31, 2014 and 2013, respectively.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
June 21, 2010, American received as compensation for consulting services
1,000,000 restricted shares of E-Qure Corporation (“EQUR”) (formerly
ADB International Group, Inc. ("ADBI")) common stock valued at
$1,370,000, based on the closing market price of $1.37 per share on that
date. On December 8, 2010, American purchased an additional 300,000
shares for $35,000. This investment is classified as marketable securities -
available for sale and, accordingly, any unrealized changes in market
values are recognized as other comprehensive loss. At December 31, 2014
and 2013, this investment was valued at $63,250 (post-1 for 100 stock split),
and $8,000, respectively, based on the closing market price of $1.50 and $0.05,
respectively, per share on those dates. American recognized other
comprehensive losses of $55,250 for the year ended December 31, 2014, and
other comprehensive losses of $57,000 for the year ended December 31, 2013 for
the unrealized changes in market values for this investment.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Equity
markets can experience significant volatility and therefore are subject to
changes in value. Based upon the current volatile nature of the U.S. securities
markets and the decline in the U.S. economy, we believe that it is possible,
that the market values of our equity securities could decline in the near term.
We have a policy in place to review our equity holdings on a regular basis. Our
policy includes, but is not limited to, reviewing each company’s cash
position, earnings/revenue outlook, stock price performance, liquidity and
management/ownership. American seeks to manage exposure to adverse equity
returns in the future by potentially increasing the diversity of
our securities portfolios.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 4
- Notes Receivable</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="50%" style='width:50.0%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Short-term notes
receivable consisted of the following:</p> </td> <td width="4%" valign="top"
style='width:4.18%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="22%" style='width:22.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top" style='width:2.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="20%" style='width:20.82%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="50%"
style='width:50.0%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="4%" valign="top" style='width:4.18%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="22%" style='width:22.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top" style='width:2.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="20%" style='width:20.82%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="50%" valign="top"
style='width:50.0%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="4%" valign="top" style='width:4.18%;border:none;border-bottom:solid
black 1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="22%" valign="top"
style='width:22.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="2%" valign="top"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="20%" valign="top"
style='width:20.82%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="50%"
valign="top" style='width:50.0%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Unsecured note
receivable, interest at 5%</p> </td> <td width="4%" valign="top"
style='width:4.18%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$</p>
</td> <td width="22%" valign="bottom"
style='width:22.5%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>-</p>
</td> <td width="2%" valign="top" style='width:2.5%;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$</p>
</td> <td width="20%" valign="bottom"
style='width:20.82%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>32,000</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Long-term
notes receivables consisted of the following:</p> <table border="0"
cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="52%" style='width:52.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="3%" valign="top" style='width:3.44%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="24%" style='width:24.06%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top" style='width:2.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="17%" style='width:17.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="3%" valign="top" style='width:3.44%;border:none;border-bottom:solid
black 1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="24%" valign="top"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="2%" valign="top"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="17%" valign="top"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:37.1pt'> <td width="52%"
valign="top" style='width:52.5%;padding:0;height:37.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Unsecured
note receivable for sale of a former subsidiary, Marald, Inc., due in monthly
payments of $3,074, including interest at 4%, beginning July 1, 2012 through
June 1, 2022 (a)</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>281,073 </p>
</td> <td width="2%" valign="bottom" style='width:2.5%;padding:0;height:37.1pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>281,073 </p>
</td> </tr> <tr style='height:37.1pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>First lien note
receivable due in monthly payments of $8,333,</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>including interest
at 5%, principal due on or before August 25,</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>2016
(b)</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:37.1pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,000,000 </p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>- </p>
</td> </tr> <tr style='height:24.75pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:24.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Unsecured
note receivable due in monthly payments of $5,000, including interest at 3%,
principal due on or before April 1, 2018 (c)</p> </td> <td width="3%"
valign="bottom" style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>570,193</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>595,668 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Total
notes receivable</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,851,266</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>876,741 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Reserve
due to uncertainty of collectability</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(19,523)</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(19,523)</p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Subtotal</p> </td>
<td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,831,743</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>857,218 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Less:
current portion</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,346,053)</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(42,821)</p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="bottom"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Long-term notes
receivable</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>485,690 </p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>814,397</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(a)<i>
Sale of Marald, Inc., principal and interest due monthly through June 1,
2022</i><i>.</i> The original note was for $300,000 and was
discounted to $200,000 for the receipt of full payment on or before October 25,
2007. In July 2012, payments began under a new extension and renewal
agreement for the note balance plus accrued interest, with the payment terms
indicated above. Since April 2013, no payments have been received on this
note. American has filed a lawsuit for the total amount owed plus interest
and attorney’s fees. The Company believes this receivable is fully
collectible, but has classified the receivable as long-term at December 31,
2014.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(b)
<i>First lien note receivable due August 25, 2016.</i>  AITP sold its 174
acres in Waller County, Texas, which closed on July, 25, 2014.  In
connection with the close, the Company entered into a promissory note receivable
with the purchaser of the aforementioned property for $2,000,000.  This
receivable was paid in full in January 2015.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(c) <i>Unsecured
note receivable due April 1, 2018</i><i>.</i>  This note was issued for
$601,300.  This note was previously owed by Southwest Gulf Coast
Properties, Inc. ("SWGCP") resulting from closing costs, principal and
interest paid by American on the SWGCP loan at TXCB.
 In February, SWGCP obtained a judgment against Kentner Shell
("Shell"), who personally guaranteed the note, for $4,193,566 for
matters related to these condominiums. On September 30, 2011, SWGCP
assigned all of its interests in this judgment to American in exchange for this
note and $10. On April 1, 2013, American and Shell executed a
$620,000 note agreement whereby Shell will make monthly payments in the amount
of $5,000, beginning May 1, 2013, with a balloon payment for the remaining
amount owed due on or before April 1, 2018.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 5
- Real Estate Held for Sale</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Real
estate held for sale consisted of the following:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="59%" style='width:59.16%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top"
style='width:2.52%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="19%" style='width:19.18%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="3%" valign="top"
style='width:3.28%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.86%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="59%"
valign="bottom" style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>65 acres in
Galveston County, Texas</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>520,382</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>520,382</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>1.705
acres in Galveston County, Texas</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>460,000</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>460,000</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Two
residential lots in Galveston County, Texas (a)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>95,861</p>
</td> </tr> <tr style='height:.4in'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:.4in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Dawn Condominium
units on the waterfront in Galveston, Texas; 6 and 7 units as of December 31,
2014 and December 31, 2013, respectively (b)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>788,033</p>
</td> <td width="3%" valign="bottom" style='width:3.28%;padding:0;height:.4in'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>888,328</p>
</td> </tr> <tr style='height:.2in'> <td width="59%" valign="bottom"
style='width:59.16%;background:#CCFFCC;padding:0;height:.2in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>96 acres - vacant
commercial use land in Galveston County, Texas (c)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;background:#CCFFCC;padding:0;height:.2in'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,211,000</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>541,000</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>22 acres - vacant
mixed use land in Houston, Texas (d)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,661,656</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,459,264</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>31 acres - vacant
mixed use land in Houston, Texas (e)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,772,564</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,772,564</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>174 acres in
Waller County, Texas (f)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,684,066</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>6,413,635</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,421,465</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>(a) <i>Two
residential lots in Galveston County, Texas </i>- AITP sold its two residential
lots in Galveston County, Texas, which closed on September 30, 2014, for total
cash proceeds of $133,673, resulting in a total gain on sale of assets of
$20,812.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:41.8pt;text-align:justify;text-indent:-17.6pt'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(b) Dawn
Condominium units on the waterfront in Galveston, Texas </i>- During the year
ended December 31, 2014, one Dawn Condominium unit was sold for a total of
$79,216, resulting in a total loss on sale of assets of $21,079.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(c) 96 acres
</i>- <i>vacant commercial use land in Galveston County, Texas </i>- On June 2,
2014, the Company and Daniel Dror II entered into an agreement whereby the
Company agreed to purchase the remaining 50% interest in 96 acres in Galveston,
Texas for $220,000 in cash, a $300,000 five-year promissory note, and 120,000
shares of common stock valued at $150,000.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(d) 22
acres - vacant mixed use land in Houston, Texas </i>- On December 31, 2014, NPI
transferred its 17-acre tract of land to AITP’s existing 5-acre tract,
resulting in a total 22 acre-tract balance. Subsequent to year-end, the
Company sold this land for $1,750,000 (excluding costs of the
transaction).  During 2014, the Company recorded a $797,608 impairment to
write down the land to its estimated net realizable value.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>(e)
31 acres - vacant mixed use land in Houston, Texas</i> - During 2013, the
Company recorded a $43,000 impairment to write down the land to its estimated
net realizable value.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(f) 174
acres in Waller County, Texas </i>- AITP sold its 174 acres in Waller County,
Texas, which closed on July 25, 2014, for a total of $3,350,018, comprised of a
$2,000,000 note receivable and $1,350,018 of cash proceeds, resulting in a gain
on sale of assets for the year ended December 31, 2014 of $1,447,564.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
reviewed the accounting standards <i>Real Estate - General</i> (ASC 970-10)
and<i> Property, Plant, and Equipment</i> (ASC 360-10) to determine the
appropriate classification for these properties. According to ASC 970-10,
real estate that is held for sale in the ordinary course of business is
classified as inventory, which is a current asset. ASC 360-10 provides the
following criteria for property to be classified as held for sale:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.7pt;text-align:justify;text-indent:-13.2pt'>1)
Management with the appropriate authority commits to a plan to sell the
asset;</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.5pt;text-align:justify;text-indent:-13.2pt'>2)
The asset is available for immediate sale in its present condition subject only
to terms that are usual and customary for sales of such assets;</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.7pt;text-align:justify;text-indent:-13.2pt'>3)
An active program to locate a buyer and other actions required to complete the
plan of sale have been initiated;</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.7pt;text-align:justify;text-indent:-13.2pt'>4)
The sale of the property or asset within one year is probable and will qualify
for accounting purposes as a sale;</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.7pt;text-align:justify;text-indent:-13.2pt'>5)
The asset is being actively marketed for sale at a price that is reasonable in
relation to its current fair value; and</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:40.7pt;text-align:justify;text-indent:-13.2pt'>6)
Actions required to complete the plan of sale indicate that it is unlikely that
significant changes to the plan will be made or that the plan will be
withdrawn.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
Management consulted with the real estate brokers for these properties and
reviewed the recent interest for each property. Based on our consultations
and review, we believe that the sale of these properties within one year is
probable. We concluded that all of these criteria have been met for
these properties and that they are appropriately
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 6
- Oil and Gas Properties</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
Company uses the full cost method of accounting for oil and gas producing
activities. Costs to acquire mineral interests in oil and gas properties, to
drill and equip exploratory wells used to find proved reserves, and to drill and
equip development wells, including directly related overhead costs and related
asset retirement costs are capitalized. Properties not subject to amortization
consist of exploration and development costs that are evaluated on a
property-by-property basis. Amortization of these unproved property costs begins
when the properties become proved, or their values become impaired and the
corresponding costs are added to the capitalized costs subject to amortization.
During the years ended December 31, 2014 and 2013, depletion of oil and gas
properties of $1,980 and $1,982, respectively, was recorded. Costs of oil and
gas properties are amortized using the units of production method. Sales of oil
and natural gas properties are accounted for as adjustments to the net full cost
pool, and generally, no gain or loss is recognized. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>In
applying the full cost method, we performs an impairment test (ceiling test) at
each reporting date, whereby the carrying value of oil and gas properties is
compared to the “estimated present value” of its proved reserves
discounted at a 10-percent interest rate of future net revenues, based on
current economic and operating conditions at the end of the period, plus the
cost of properties not being amortized, plus the lower of cost or fair market
value of unproved properties included in costs being amortized, less the income
tax effects related to book and tax basis differences of the properties. If
capitalized costs exceed this limit, the excess is charged as an impairment
expense. During the years ended December 31, 2014 and 2013, no impairment of oil
and gas properties was recorded. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Below
are the components of oil and gas properties balance:</p> <table border="0"
cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:3.4pt'> <td
width="55%" style='width:55.0%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="2%"
valign="top" style='width:2.7%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="22%"
style='width:22.14%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="2%"
valign="top" style='width:2.9%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="17%"
style='width:17.26%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr
style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'></td> <td width="2%" valign="top"
style='width:2.7%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'></td> <td width="22%" valign="top"
style='width:22.14%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>As of</b></p> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 30,
2014</b></p> </td> <td width="2%" valign="top"
style='width:2.9%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b> </b></p>
</td> <td width="17%" valign="top"
style='width:17.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>As of</b></p> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,
2013</b></p> </td> </tr> <tr style='height:12.85pt'> <td width="55%"
valign="top" style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Royalty interest in
24 acres in Washington County, Texas (a)</p> </td> <td width="2%"
valign="bottom" style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Royalty interest in
700 acres in the Permian Basin (b)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,400</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,400</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>10% working interest
in the Pierce Junction Field (c)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>87,500</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>87,500</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Lease of 394 acres
in the Gillock Field (d)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>83,500</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>83,500</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Lease of 332 acres
in Inez Prospect (e)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>250,000</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Capitalized asset
retirement costs</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,003</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>6,055</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Total
oil and gas properties</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>433,403</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>185,455</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Accumulated
depletion</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(3,962)</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,982)</p>
</td> </tr> <tr style='height:11.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:11.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Net
capitalized costs</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="22%" valign="bottom" style='width:22.14%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>429,441</p>
</td> <td width="2%" valign="bottom" style='width:2.9%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom" style='width:17.26%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>183,473</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>a)
Royalty interest in 24 acres in Washington County, Texas </i>- BOG has an oil
and gas mineral royalty interest, covering a twenty-four acre tract of land
located in Washington County, Texas, which is carried on the balance sheet at
$0. The royalty interest is currently leased by Anadarko Petroleum Corporation
for a term continuing until the covered minerals are no longer produced in
paying quantities from the leased premises. Royalties on the minerals produced
are currently incidental and paid to BOG as follows: (i) for oil and other
liquid hydrocarbons, and (ii) for gas (including casing-head gas); the royalty
is one-ninth of the net proceeds realized by Anadarko Petroleum Corporation on
the sale thereof, less a proportionate part of ad valorem taxes and production,
severance, or other excise taxes. In addition, BOG is entitled to shut-in
royalties of $1 per acre of land for every ninety-day period within which one or
more of the wells in leased premises, or lands pooled therewith, are capable of
producing paying quantities, but such wells are either shut-in or production is
not being sold.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>b)
Royalty interest in 700 acres in the Permian Basin </i>- On July 22, 2011, BOG
entered into an Asset Purchase and Sale Agreement with Doug Pedrie, Davis Pedrie
Associates, LLC and Energex Oil, Inc. (“Sellers”), pursuant to which
BOG acquired 700 acres of unproved property located in the Permian Basin near
Abilene, Texas. The agreement provided for the Sellers to complete all oil lease
assignments by August 15, 2011. The purchase consideration for the acquisition
is the issuance to Sellers of 2,000,000 restricted common shares of BOG, valued
at $8,400, with an additional 2,000,000 restricted common shares to be issued
contingent upon realization of certain production targets in 2012. On March 8,
2012, this agreement was rescinded and replaced with an agreement that in
consideration for the BOG share issuance; BOG has a 2.5% overriding royalty
interest in all of the leases associated with this property and any properties
acquired or renewed in the future within a ten-mile radius. In addition, the
contingency to issue additional shares was
removed.<i> </i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>c)
10% working interest in the Pierce Junction Field </i>- On March 12, 2013, BOG
entered into an agreement with an effective date of January 1, 2013, to purchase
a 10% working interest in the Pierce Junction Field for $50,000 cash and a
$70,000 non-interest bearing note payable due on August 31, 2013. On May 30,
2013, the holder of this note payable accepted $37,500 as full payment and BOG
recorded $32,500 as a reduction in the value of the oil and gas property due to
the decrease in the consideration given to acquire it.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> <i>
</i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>d)
Lease of 394 acres in the Gillock Field </i>- BOG leased 394 acres in Galveston
County for the acquisition of 100% working interest in the Gillock Field from
Kemah Development Texas, L.P. (“KDT”) and Daniel Dror II Trust of 2012
for $300 per acre, or $131,100 (recorded as accounts payable – related
parties in the consolidated balance sheet as of December 31, 2014 and 2013) and
200,000 shares of American restricted common stock. BOG issued 3,326,316 shares
of BOG restricted common stock to American as payment in full for the 200,000
shares issued by American on BOG’s behalf. In 2002, KDT paid $1,175,000 for
the original 437 acres and the mineral rights to 394 acres. However, KDT
assigned no value to the mineral rights. Due to the related parties having no
basis in the mineral rights, BOG expensed the costs associated with the
transaction, which totaled $447,100 and consisted of i) $316,000 of stock-based
compensation calculated at the grant date fair value of the 3,326,316 shares of
BOG common stock issued to American (which equaled the grant date fair value of
the common stock American issued to KDT and the Daniel Dror II Trust) and ii)
the $131,100 related party payable. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>e)
Lease of 332 acres in the Inez Prospect - </i>On January 8, 2014, BOG entered
into a letter of intent with a third party to acquire a 332-acre oil and gas
lease, the “Inez Prospect,” located in Victoria County, Texas, and the
#1 Roberts Unit well-bore, and all the down-hole equipment and surface equipment
associated therewith. On April 10, 2014, BOG and the third party entered into a
prospect and lease acquisition agreement. Pursuant to the agreement, BOG has
agreed to acquire 100% of the working interest for a total purchase price of
$250,000, consisting of a $20,000 deposit, which was paid during the year ended
December 31, 2014, and a payment of the remaining $230,000 prior to the
beginning of any exploration which is recorded in accounts payable and accrued
expenses at December 31, 2014. Exploration has not yet commenced.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 7
- Property and Equipment</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Major
classes of property and equipment together with their estimated useful lives,
consisted of the following:</p> <table border="0" cellspacing="0"
cellpadding="0" width="100%" style='width:100.0%;border-collapse:collapse'> <tr
style='height:9.9pt'> <td width="27%"
style='width:27.96%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="22%" style='width:22.04%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="4%" valign="top"
style='width:4.1%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="20%" style='width:20.9%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="5%" valign="top"
style='width:5.0%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="20%" style='width:20.0%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="27%" valign="top"
style='width:27.96%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="22%" valign="bottom"
style='width:22.04%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Years</b></p>
</td> <td width="4%" valign="top"
style='width:4.1%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="5%" valign="top"
style='width:5.0%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="27%"
valign="bottom" style='width:27.96%;background:#CCFFCC;padding:0;height:12.4pt'>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Building
and improvements</p> </td> <td width="22%" valign="top"
style='width:22.04%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>20</p>
</td> <td width="4%" valign="bottom"
style='width:4.1%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>38,975</p>
</td> <td width="5%" valign="bottom"
style='width:5.0%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>38,975</p>
</td> </tr> <tr style='height:12.4pt'> <td width="27%" valign="bottom"
style='width:27.96%;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Machinery
and equipment</p> </td> <td width="22%" valign="top"
style='width:22.04%;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>7-15</p>
</td> <td width="4%" valign="bottom" style='width:4.1%;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,035
</p> </td> <td width="5%" valign="bottom"
style='width:5.0%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,035 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="27%" valign="bottom"
style='width:27.96%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Office
equipment and furniture</p> </td> <td width="22%" valign="top"
style='width:22.04%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>7</p>
</td> <td width="4%" valign="bottom"
style='width:4.1%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>101,467</p>
</td> <td width="5%" valign="bottom"
style='width:5.0%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>101,467 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="27%" valign="bottom"
style='width:27.96%;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Total</p>
</td> <td width="22%" valign="top" style='width:22.04%;padding:0;height:12.4pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="4%" valign="bottom" style='width:4.1%;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>142,477</p>
</td> <td width="5%" valign="bottom" style='width:5.0%;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>142,477</p>
</td> </tr> <tr style='height:12.4pt'> <td width="27%" valign="bottom"
style='width:27.96%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Less
accumulated depreciation</p> </td> <td width="22%" valign="top"
style='width:22.04%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="4%" valign="bottom"
style='width:4.1%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.9%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(117,062)</p>
</td> <td width="5%" valign="bottom"
style='width:5.0%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="20%" valign="bottom"
style='width:20.0%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(115,289)</p>
</td> </tr> <tr style='height:11.4pt'> <td width="27%" valign="bottom"
style='width:27.96%;padding:0;height:11.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'>Net
property and equipment</p> </td> <td width="22%" valign="top"
style='width:22.04%;padding:0;height:11.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="4%" valign="bottom" style='width:4.1%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;padding:0;height:11.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="20%" valign="bottom" style='width:20.9%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;padding:0;height:11.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>25,415 </p>
</td> <td width="5%" valign="bottom" style='width:5.0%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;padding:0;height:11.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="20%" valign="bottom" style='width:20.0%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;padding:0;height:11.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>27,188 </p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Depreciation
expense for the years ended December 31, 2014 and 2013 was $1,773 and
$1,773, respectively.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
9 - Commitments and Contingencies</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><u>Legal</u></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>American
International Industries, Inc. v. Juan Carlos Martinez</i>. In 2002 American
acquired 100% of Marald, Inc. from Juan Carlos Martinez. Mr. Martinez continued
as an employee and President of Marald. A few months after the acquisition date,
Mr. Martinez notified American that he would resign and demanded that Marald be
sold back to him. American sold Marald to Mr. Martinez for $225,000 and two 10
year promissory notes for $300,000. In October 2007, no payments had been made,
causing the notes to go into default. In May 2010, American agreed to cancel the
notes in exchange for a new $300,000 personal note with Mr. Martinez. During
2013, the note entered into default status due to non-payment. Under the terms
of the note, American accelerated the maturity with the entire unpaid principal
balance plus all interest at a default rate of 18% is immediately due and
payable. American has filed a lawsuit for the total amount owed plus interest
and attorney’s fees. The Company believes this $281,073 receivable is
fully collectible, but has classified the receivable as long-term at December
31, 2014.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>American International
Industries, Inc. and Daniel Dror v. </i><i>Scott and Maria Wolinsky. 
</i>On October 1, 2013, American entered into a stock purchase agreement with
Scott Wolinsky, a former director of American, and Maria Wolinsky, whereby
American purchased the Wolinskys’ 89,540 shares of American’s common
stock for cash of $130,000 and a non-interest bearing promissory note of
$200,000 (the “Note”), partially secured by American shares of common
stock and by the guarantee of Daniel Dror, American’s Chief Executive
Officer, due on September 30, 2014. A related treasury stock obligation in
the amount of $200,000 was recorded. Under the terms of the Note, at
American’s option, it may instruct the Wolinskys to sell all or a portion
of the shares in the open market, or to American, or to Mr. Dror, and apply the
proceeds from such sales to any balance owed under the Note. In the event
that the Wolinskys sell the shares for more than $200,000, the Wolinskys are
required to return any portion of the unsold shares back to American and any
proceeds over $200,000. The Note provides that the Wolinskys’ sole
remedy under the Note is to sue for the balance of the Note in arbitration.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>As
of December 31, 2013, 26,000 shares had been returned to the Company. 
During 2014, 45,600 shares of American’s common stock were sold for cash of
$68,919 as consideration for the Note, and an offset to the treasury stock
obligation was recorded, resulting in a Note balance and treasury stock
obligation of $131,081.  On September 19, 2014, the remaining balance of
the original $200,000 Note was $131,081.  Mr. Dror. requested of the
Wolinskys to deliver 17,940 shares of  American’s common stock to the
Company’s brokerage account at Raymond James for a payment of $31,000 in
order to reduce the $131,081 Note balance to $100,081.  The Wolinskys
failed to comply with the request.  The remaining balance of the Note was
due on September 30, 2014.  The Wolinskys filed a claim in arbitration
court on October 1, 2014 alleging breach of the Note by American and Dror. 
Also during 2014, American offered the Wolinskys a cash payment in the amount of
$131,081 to settle all obligations in full. However, the offer was
declined by the Wolinskys, and the Wolinskys filed two new claims against
American and Daniel Dror in two new District Courts of Harris County, Texas,
alleging tort claims related to the Note.  By refusing to tender the
remaining shares to Raymond James and by filing the claims in State Court,
American and Dror believe the Wolinskys have violated the original agreement,
thereby excusing American’s performance on the Note and also resulting in
damages to American.  American filed a motion to dismiss under the Texans
Citizen’s Participation Act, commonly referred to as Anti-“SLAPP”
(Strategic Lawsuit Against Public Participation) statutes in the State Court
actions, and Wolinsky subsequently dismissed both claims in the State District
Courts.  The Wolinskys then added these tort claims in the
arbitration.  American and Dror intend to move to dismiss those claims once
again based on the SLAPP legislation.  The claims in arbitration are
ongoing, and American and Daniel Dror have countersued the Wolinskys for at
least $1,000,000 for breach of the original agreement.  The promissory note
balance as of December 31, 2014 remained at $131,081.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><u>Contingent
liability</u></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>During
the year ending December 31, 2014, the Company’s subsidiary, NPI, entered
into a revolving line of credit agreement secured by the assets of NPI and
guaranteed by Daniel Dror and the Company.  The balance owed by NPI under
this line of credit was $1,512,542 as of December 31, 2014.  The Company
sold NPI subsequent to year-end, but estimates that the Company will have a
$300,000 obligation pursuant to its guarantee of the line of credit.  As a
result, upon the transfer of the discontinued operations assets and liabilities
to the new owner of NPI in January 2015, the Company expects it will record a
$300,000 accrued liability for this guarantee obligation.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note 8
- Debt</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Debt
consisted of the following:</p> <table border="0" cellspacing="0"
cellpadding="0" width="94%" style='width:94.82%;border-collapse:collapse'> <tr
style='height:9.9pt'> <td width="45%"
style='width:45.62%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="25%" style='width:25.42%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="28%" colspan="2"
style='width:28.96%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="45%" valign="top"
style='width:45.62%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="25%" valign="top" style='width:25.42%;border:none;border-bottom:solid
black 1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="28%" colspan="2" valign="top"
style='width:28.96%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:49.5pt'> <td width="45%"
valign="bottom" style='width:45.62%;background:#CCFFCC;padding:0;height:49.5pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable to
a bank, due in monthly installments, including interest at 7.25% with
a principal balance due on February 22, 2019, secured by real property. (a)
(b) (d)</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$
317,027</p> </td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$
1,341,243</p> </td> </tr> <tr style='height:49.5pt'> <td width="45%"
valign="bottom" style='width:45.62%;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable to a
bank, due in quarterly payments of interest only, with interest at 5%. 
This note is paid in full.</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;padding:0;height:49.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;padding:0;height:49.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,150,000</p>
</td> </tr> <tr style='height:12.4pt'> <td width="45%"
style='width:45.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="25%" style='width:25.42%;background:#CCFFCC;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="28%" colspan="2"
style='width:28.96%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> </tr> <tr style='height:24.75pt'> <td width="45%" valign="bottom"
style='width:45.62%;padding:0;height:24.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable, due
in monthly payments of $1,000, with interest at 4%. This note is paid in
full.</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>3,000</p>
</td> </tr> <tr style='height:49.5pt'> <td width="45%" valign="bottom"
style='width:45.62%;background:#CCFFCC;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable to a
bank, due in monthly installments, with interest at 12.5%, with a principal
balance due in February 2017, secured by the Company’s real property.
(a) (c)</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>229,960</p>
</td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:61.9pt'> <td width="45%" valign="bottom"
style='width:45.62%;padding:0;height:61.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable,
non-interest bearing, which was issued in exchange for shares to be purchased by
the Company, secured by 17,940 shares of the Company not delivered as of
December 31, 2014, the Company has entered into an escrow agreement to resolve
payment of this amount</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;padding:0;height:61.9pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>131,081</p>
</td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;padding:0;height:61.9pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>200,000</p>
</td> </tr> <tr style='height:49.5pt'> <td width="45%" valign="bottom"
style='width:45.62%;background:#CCFFCC;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Note payable to a
bank, due in monthly installments, with interest at 12.5%, with a principal
balance due in June 30, 2017, secured by the Company’s real property.
(a)</p> </td> <td width="25%" valign="bottom"
style='width:25.42%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>149,201</p>
</td> <td width="28%" colspan="2" valign="bottom"
style='width:28.96%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:12.4pt'> <td width="45%" valign="bottom"
style='width:45.62%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="25%" colspan="2" valign="bottom"
style='width:25.5%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="28%" valign="bottom"
style='width:28.88%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="45%" valign="bottom"
style='width:45.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Subtotal </p>
</td> <td width="25%" colspan="2" valign="bottom"
style='width:25.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>827,269</p>
</td> <td width="28%" valign="bottom"
style='width:28.88%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,694,243</p>
</td> </tr> <tr style='height:12.4pt'> <td width="45%" valign="bottom"
style='width:45.62%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Less current
portion</p> </td> <td width="25%" colspan="2" valign="bottom"
style='width:25.5%;border:none;border-bottom:solid windowtext
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> (372,983)</p>
</td> <td width="28%" valign="bottom"
style='width:28.88%;border:none;border-bottom:solid windowtext
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> (2,694,243)</p>
</td> </tr> <tr style='height:12.4pt'> <td width="45%" valign="bottom"
style='width:45.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Total</p> </td>
<td width="25%" colspan="2" valign="bottom"
style='width:25.5%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$  
454,286</p> </td> <td width="28%" valign="bottom"
style='width:28.88%;border:none;border-bottom:double windowtext
1.5pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$    
        -</p> </td> </tr> <tr> <td
width="324" style='border:none'></td> <td width="180" style='border:none'></td>
<td width="1" style='border:none'></td> <td width="205"
style='border:none'></td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:31.9pt;text-align:justify;text-indent:-13.2pt'>(a)
Daniel Dror, Chairman and CEO of American, is a personal guarantor of these
notes payable.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:31.9pt;text-align:justify;text-indent:-13.2pt'>(b)
On February 22, 2014, the Company entered into a modification and extension
agreement with the bank. In connection with this agreement, the Company
paid down $1,000,000 of the note payable owed to the bank. In addition, the
term of the note payable was extended from February 22, 2014 to February 22,
2019. The note as amended bears interest at 7.25% and payments of $3,941
are owed monthly for 59 months beginning March 22, 2014, and a balloon payment
owed for the remainder of the note payable and interest (approximately $196,000)
due February 22, 2019. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:31.9pt;text-align:justify;text-indent:-13.2pt'>(c)
On February 24, 2014, the Company entered into a promissory note
agreement. The note bears interest at 12.5% and payments of $3,444 are owed
monthly for 35 months, beginning in March 2014, and a payment for the remainder
of the note payable is due during the 36<sup> th</sup> month.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:31.9pt;text-align:justify;text-indent:-13.2pt'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:18.7pt;text-align:justify'>(d)
On December 31, 2014, the Company transferred the note payable balance from NPI
to AITP.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Interest
expense for years ended December 31, 2014 and 2013 was $77,064 and $63,176,
respectively.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Each
of American's subsidiaries that have outstanding notes payable has secured
such notes by that subsidiary’s inventory, accounts receivable, property
and equipment and is guaranteed by American.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
10 - Capital Stock and Stock Options</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>Preferred
Stock</i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American is
authorized to issue up to 1,000,000 shares of Preferred Stock, $0.001 par value
per share, of which 1,000 shares are presently outstanding. The Preferred Stock
may be issued in one or more series, the terms of which may be determined at the
time of issuance by the Board of Directors, without further action by
stockholders, and may include voting rights (including the right to vote as a
series on particular matters), preferences as to dividends and liquidation,
conversion, redemption rights and sinking fund provisions.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
Series A Preferred Stock, as amended, has the right to vote in aggregate, on all
shareholder matters votes equal to 30% of the total shareholder vote on any and
all shareholder matters. The Series A Preferred Stock will be entitled to this
30% voting right no matter how many shares of common stock or other voting stock
of American are issued or outstanding in the future. For example, if there are
10,000 shares of American’s common stock issued and outstanding at the time
of a shareholder vote, the holder of the Series A Preferred Stock (Mr. Dror),
voting separately as a class, will have the right to vote an aggregate of 4,286
shares, out of a total number of 14,286 shares voting. Additionally,
American shall not adopt any amendments to American’s Bylaws, Articles of
Incorporation, as amended, make any changes to the Certificate of Designations
establishing the Series A Preferred Stock, or effect any reclassification of the
Series A Preferred Stock, without the affirmative vote of at least 66-2/3% of
the outstanding shares of Series A Preferred Stock.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>Common
Stock</i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American is
authorized to issue up to 50,000,000 shares of Common Stock, $0.001 par value
per share, of which 103,680 are reserved for issuance pursuant to the
exercise of options pursuant to an employment agreement with American's Chairman
and CEO.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>During
the year ended December 31, 2013, in connection with the Company’s
acquisition of 96 acres of land in Galveston, TX from a related party, the
Company issued 300,000 shares of American restricted common stock, valued at
$360,000.  During the year ending December 31, 2014, the Company
issued the related party 120,000 shares valued at $150,000.   See Note
5.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
February 28, 2013, BOG leased 394 acres in Galveston County for the acquisition
of mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of
2012 for $300 per acre, or $131,100 and 200,000 shares of American restricted
common stock. During the year ended December 31, 2013, BOG issued 3,326,316
shares of BOG restricted common stock to American as payment in full for the
200,000 shares issued by American on BOG’s behalf.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
February 28, 2013, BOG announced that Bryant Mook has been appointed President
and Chief Operating Officer.  Pursuant to a stock purchase agreement,
during 2013, BOG issued Mr. Mook 11,050,127 shares of BOG common stock in
exchange for cash proceeds of $200,000.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
October 1, 2013, American entered into a stock purchase agreement with Scott
Wolinsky, a former director of American, and Maria Wolinsky, whereby American
purchased the Wolinskys’ 89,540 shares of American’s common stock for
cash of $130,000 and a non-interest bearing promissory note of $200,000 (the
“Note”), partially secured by American shares of common stock and by
the guarantee of Daniel Dror, American’s Chief Executive Officer, due on
September 30, 2014. A related treasury stock obligation in the amount of
$200,000 was recorded. As of December 31, 2013, 26,000 shares had been
returned to the Company.  During 2014, 45,600 shares of American’s
common stock were sold for cash of $68,919 as consideration for the Note, and an
offset to the treasury stock obligation was recorded, resulting in a Note
balance and treasury stock obligation of $131,081.  Under the terms of the
Note, at American’s option, it may instruct the Wolinskys to sell all or a
portion of the shares in the open market, or to American, or to Mr. Dror, and
apply the proceeds from such sales to any balance owed under the Note. In
the event that the Wolinskys sell the shares for more than $200,000, the
Wolinskys are required to return any portion of the unsold shares back to
American and any proceeds over $200,000. The Note provides that the
Wolinskys’ sole remedy under the Note is to sue for the balance of the Note
in arbitration.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>During
the year ended December 31, 2014, American and its subsidiaries issued the
following shares:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 10,000 shares of common stock valued at $17,900 to its CEO as a
bonus.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 10,000 shares of common stock valued at $17,900 for consulting
services.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 10,000 shares of common stock valued at $17,900 for director fees.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 21,000 shares of common stock valued at $29,400 for legal fees.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 14,000 shares of common stock valued at $17,200 to employees for
bonuses.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 100,000 shares of common stock valued $124,000 to its CEO for being the
personal guarantor on Company</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>loans.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 120,000 shares of common stock valued at $150,000 to a related party for
acquisition of real estate.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
repurchased 13,860 shares of its common stock for $13,086 from third
parties.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>During
the year ended December 31, 2013, American and its subsidiaries issued the
following shares:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:8.8pt;text-align:justify;text-indent:.5in'>American
issued 21,000 shares of common stock valued at $26,880 to employees for
bonuses.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:0in;margin-right:0in;margin-bottom:8.8pt;margin-left:.5in;text-align:justify'>American
issued 200,000 shares of common stock valued at $316,000 for the acquisition of
mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of
2012.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:8.8pt;text-align:justify;text-indent:.5in'>American
received $72,000 of cash proceeds from sales of common stock that occurred
during 2011.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-bottom:8.8pt;text-align:justify;text-indent:.5in'>American
repurchased 45,823 shares of its common stock for $159,110 from third
parties.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:.5in'>American
issued 300,000 shares of common stock valued at $360,000 to a related party for
acquisition of real estate.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:4.4pt;margin-right:0in;margin-bottom:4.4pt;margin-left:0in;text-align:justify'>During
the year ended December 31, 2013, American and Vision Opportunity Master
Fund, Ltd. (“VOMF”) entered into a securities purchase agreement
whereby American paid $12,000 in exchange for the 41,768 common shares of AMIH
owned by VOMF.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
12 - Related Parties</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><u>Acquisition
of land from related parties</u></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
July 13, 2012, the Company and Daniel Dror II entered into an agreement whereby
the Company agreed to purchase from Daniel Dror II a 50% interest in 96
acres in Galveston, Texas for $1,810,000, of which $181,000 was paid immediately
and the remaining $1,629,000 was due at closing. On January 22, 2013, the
terms of the land purchase were amended between the parties, and the Board of
Directors of American approved the purchase of a 50% interest in 96 acres in
Galveston County from Kemah Development Texas, L.P. (“KDT”), a related
party, for an additional 300,000 shares of American restricted common stock,
valued at $360,000.  On June 2, 2014, the Company and Daniel Dror II
entered into an agreement whereby the Company agreed to purchase the remaining
50% interest in 96 acres in Galveston, Texas for $220,000 in cash, a $300,000
five-year promissory note, and 120,000 shares of common stock valued at
$150,000.  Daniel Dror II is the son of Daniel Dror, American’s
Chairman, Chief Executive Officer, and President. This property is recorded on
the balance sheet as “Real estate held for sale” for $1,211,000 and
$541,000 as of December 31, 2014 and 2013, respectively.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><u>Accounts
payable to related parties</u></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>On
February 28, 2013, BOG leased 394 acres in Galveston County for the acquisition
of mineral rights for the Gillock Field from KDT and Daniel Dror II Trust of
2012 for $300 per acre, or $131,100 and 200,000 shares of American restricted
common stock. BOG issued 3,326,316 shares of BOG restricted common stock to
American as payment in full for the 200,000 shares issued by American on
BOG’s behalf. The $131,100 is payable to KDT on or before December
30, 2015.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><u>Cash
advances</u></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>During
the year ended December 31, 2014, certain related party entities or individuals
advanced the Company amounts for working capital purposes.  Dror Charitable
Foundation for the Arts advanced the Company $14,024 during the year, KDT
advanced the Company $30,000 during the year, and Gabriela Dror, the wife of
Daniel Dror, advanced the Company $60,000 during the year.  These cash
advances are non-interest bearing. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>In
addition, as of December 31, 2014 and 2013, the Company owed other amounts to
related parties of $0 and $2,212, respectively.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Note
13 - Segment Information</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
International Industries, Inc. is a holding company and has the following
reporting segments:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
International Holdings Corp. (“AMIH”) - a 93.2% owned subsidiary, is a
non-operating company. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:20.9pt'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
International Texas Properties, Inc. ("AITP") - a wholly-owned real
estate subsidiary, with real estate holdings in Harris, Galveston, and Waller
Counties in Texas.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:20.9pt'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Brenham
Oil & Gas ("BOG") - a 51.0% owned subsidiary that
currently owns oil and gas properties. Through BOG, American is
engaged in negotiations with financial institutions for the purpose of financing
potential acquisitions of existing oil and gas properties and reserves. The
Company is seeking to acquire a portfolio of oil and gas assets in North America
and West Africa and large oil concessions in West Africa.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify;text-indent:20.9pt'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Corporate
overhead - American's investment holdings including financing current
operations and expansion of its current holdings as well as evaluating the
feasibility of entering into additional businesses. </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:30.8pt;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
accounting policies of the segments are the same as those described in the
summary of significant accounting policies. American evaluates performances
based on profit or loss from operations before income taxes, not including
nonrecurring gains and losses and foreign exchange gains and
losses. American's reportable segments are strategic business units
that offer different technology and marketing strategies. Most of the businesses
were acquired as subsidiaries and the management at the time of the acquisition
was retained. American's areas of operations are principally in the
United States. No single foreign country or geographic area is currently
significant to the consolidated financial statements.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Consolidated
revenues from external customers, operating loss, depreciation and amortization
expense, interest expense, capital expenditures, and identifiable assets
were as follows:</p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="667"
style='width:500.3pt;margin-left:5.4pt;border-collapse:collapse'> <tr
style='height:15.75pt'> <td width="289"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="378" colspan="5" valign="bottom"
style='width:283.3pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>For
the Year Ended December 31,</b></p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'><b> </b></p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2014</b></p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'></td> <td
width="152" valign="bottom" style='width:114.2pt;border:none;border-bottom:solid
black 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2013</b></p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b> </b></p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Revenues:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>33,094</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>36,483
</p> </td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>13,872
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total revenues</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>33,094</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>50,355
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Operating income (loss) from continuing operations:</p> </td>
<td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AMIH</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(134,368)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(170,439)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>790,213</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(197,980)</p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(201,781)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(621,847)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,647,338)</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(270,987)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Operating loss from continuing operations</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,193,274)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,261,253)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Other income (expenses) from continuing operations</p> </td>
<td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(124,917)</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(217,066)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Net loss from continuing operations before income tax</p> </td>
<td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,318,191)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,478,319)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:.25in'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Depreciation, depletion and amortization:</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'></td> <td width="166" valign="bottom"
style='width:124.2pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td> <td
width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td>
</tr> <tr style='height:15.0pt'> <td width="289" valign="bottom"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,951
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,629
</p> </td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,773
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,773
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:18.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:18.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total depreciation and amortization</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:18.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,724
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:18.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,402
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="357" colspan="4" valign="bottom"
style='width:267.5pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>For
the Year Ended December 31,</b></p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'><b> </b></p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2014</b></p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2013</b></p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b> </b></p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Interest expense:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>7,500
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>                                          
   - </p> </td> <td width="18" style='width:13.3pt;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>69,564
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>                                 
63,176 </p> </td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total interest expense</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;border-top:solid
windowtext 1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>77,064
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom" style='width:114.2pt;border-top:solid
windowtext 1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>63,176
</p> </td> <td width="18" style='width:13.3pt;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Capital expenditures:</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td>
</tr> <tr style='height:15.75pt'> <td width="289" valign="bottom"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>20,000
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>171,000
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total capital expenditures</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>20,000
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>171,000
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> </tr> <tr style='height:16.5pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:16.5pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'></td> <td
width="166" valign="bottom" style='width:124.2pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'></td> <td
width="152" valign="bottom" style='width:114.2pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:16.5pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Identifiable assets:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,127,326
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>7,309,106
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AMIH</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>120
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-
</p> </td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>435,441
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>193,432
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,586,228
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,707,435
</p> </td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total identifiable assets</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>10,149,115
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>10,209,973
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> </table>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Organization,
Ownership and Business</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
American International Industries, Inc. ("American"), a Nevada
corporation, operates as a diversified holding company with a number of
wholly-owned subsidiaries and some partially owned subsidiaries. American is a
diversified corporation with interests in industrial/commercial companies and an
oil and gas service business. American's business strategy is to acquire
controlling equity interests in businesses that it considers undervalued.
American's management takes an active role in providing its subsidiaries with
access to capital, leveraging synergies and providing management expertise in
order to improve its subsidiaries' growth.
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Principles
of Consolidation</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
consolidated financial statements include the accounts of American and its
wholly-owned subsidiaries Northeastern Plastics, Inc. ("NPI") and
American International Texas Properties, Inc. ("AITP"), American
International Holdings Corp. (“AMIH”), in which American holds a 93.2%
shareholder interest, and Brenham Oil & Gas Corp. (“BOG”), in
which American holds a 51.0% interest. All significant intercompany
transactions and balances have been eliminated in consolidation.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Cash
and Equivalents</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
considers cash and equivalents to include cash on hand and certificates of
deposits with banks with an original maturity of three months or less, that
American intends to convert.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Net
Income (Loss) Per Common Share</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
basic net income (loss) per common share is computed by dividing the net income
(loss) by the weighted average number of shares outstanding during a period.
Diluted net income (loss) per common share is computed by dividing the net
income (loss), adjusted on an as if converted basis, by the weighted
average number of common shares outstanding plus potential dilutive
securities. For the years ended December 31, 2014 and 2013, the
Company had no potential dilutive securities.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Fair
Value of Financial Instruments</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Effective
January 1, 2008, American adopted the framework for measuring fair value that
establishes a fair value hierarchy that prioritizes the inputs to valuation
techniques used to measure fair value. The hierarchy gives the highest priority
to unadjusted quoted prices in active markets for identical assets or
liabilities (Level 1 measurements) and lowest priority to unobservable inputs
(Level 3 measurements). The three levels of the fair value hierarchy are
described below:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Basis
of Fair Value Measurement</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
1 Observable inputs that reflect quoted prices
(unadjusted) for identical assets or liabilities in active markets.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
2 Inputs reflect quoted prices for identical assets or
liabilities in markets that are not active; quoted prices for similar assets or
liabilities in active markets; inputs other than quoted prices that are
observable for the asset or the liability; or inputs that are derived
principally from or corroborated by observable market data by correlation or
other means.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Level
3 Unobservable inputs reflecting American's own assumptions
incorporated in valuation techniques used to determine fair value. These
assumptions are required to be consistent with market participant assumptions
that are reasonably available.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>American
believes that the fair value of its financial instruments comprising cash,
accounts receivable, notes receivable, accounts payable, and notes payable
approximate their carrying amounts. The interest rates payable by
American on its notes payable approximate market rates. The fair
values of American's Level 1 financial assets, trading securities and marketable
securities - available for sale that primarily include shares of common stock in
various companies, are based on quoted market prices of the identical underlying
security. As of December 31, 2014 and 2013, American did not have any
significant Level 2 or 3 financial assets or liabilities.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>The
following tables provide fair value measurement information for American's
trading securities and marketable securities - available for sale: </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="18%" colspan="2"
style='width:18.9%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="18%" style='width:18.82%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="14%"
style='width:14.92%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2"
style='width:15.72%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2"
style='width:15.88%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.76%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="81%" colspan="7" valign="bottom"
style='width:81.1%;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>As
of December 31, 2014</b></p> </td> </tr> <tr style='height:12.4pt'> <td
width="18%" colspan="2" valign="bottom"
style='width:18.9%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="33%" colspan="2" valign="bottom"
style='width:33.74%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="47%" colspan="5" valign="bottom"
style='width:47.36%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b> Fair
Value Measurements Using:</b> </p> </td> </tr> <tr style='height:49.5pt'>
<td width="18%" colspan="2" valign="bottom"
style='width:18.9%;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="18%" valign="bottom"
style='width:18.82%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Carrying</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Amount</b></p>
</td> <td width="14%" valign="bottom"
style='width:14.92%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Quoted
Prices</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>in
Active Markets</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
1)</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant
Other</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Observable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
2)</b></p> </td> <td width="15%" valign="bottom"
style='width:15.76%;border:none;border-bottom:solid black
1.0pt;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Unobservable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
3)</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;background:#CCFFCC;padding:0;height:12.4pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b>Financial
Assets:</b></p> </td> <td width="18%" valign="bottom"
style='width:18.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="14%" valign="bottom"
style='width:14.92%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.72%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.88%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom"
style='width:15.76%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" colspan="2" valign="bottom"
style='width:18.9%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> Trading
Securities</p> </td> <td width="18%" valign="bottom"
style='width:18.82%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="14%" valign="bottom"
style='width:14.92%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.76%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:24.75pt'> <td width="18%" colspan="2"
valign="bottom" style='width:18.9%;background:#CCFFCC;padding:0;height:24.75pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:13.5pt;text-indent:-13.5pt'> Marketable
Securities - available for sale</p> </td> <td width="18%" valign="bottom"
style='width:18.82%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$ 63,250
       </p> </td> <td width="14%"
valign="bottom"
style='width:14.92%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$ 63,250</p>
</td> <td width="15%" colspan="2" valign="bottom"
style='width:15.72%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
63,250</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.88%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.76%;background:#CCFFCC;padding:0;height:24.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:9.9pt'> <td width="18%"
style='width:18.62%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="19%" colspan="2" style='width:19.1%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" style='width:15.02%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.62%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.82%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" style='width:15.82%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="81%" colspan="8" valign="bottom"
style='width:81.38%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>As
of December 31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td
width="18%" valign="bottom" style='width:18.62%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="34%" colspan="4" valign="bottom"
style='width:34.12%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="47%" colspan="4" valign="bottom"
style='width:47.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value Measurements Using:</b></p> </td> </tr> <tr style='height:49.5pt'> <td
width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:49.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="19%" colspan="2" valign="bottom"
style='width:19.1%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Carrying</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Amount</b></p>
</td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;background:#CCFFCC;padding:0;height:49.5pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Total</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Fair
Value</b></p> </td> <td width="15%" valign="bottom"
style='width:15.62%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Quoted
Prices</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>in
Active Markets</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
1)</b></p> </td> <td width="15%" valign="bottom"
style='width:15.82%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant
Other</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Observable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
2)</b></p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:49.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Significant</b></p>
<p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>Unobservable
Inputs</b></p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>(Level
3)</b></p> </td> </tr> <tr style='height:13.2pt'> <td width="18%"
valign="bottom" style='width:18.62%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><b>Financial
Assets:</b></p> </td> <td width="19%" colspan="2" valign="bottom"
style='width:19.1%;border:none;border-top:solid black
1.0pt;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.02%;border:none;border-top:solid black
1.0pt;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom" style='width:15.62%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" valign="bottom" style='width:15.82%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" colspan="2" valign="bottom"
style='width:15.82%;padding:0;height:13.2pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="18%" valign="bottom"
style='width:18.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> Trading
Securities</p> </td> <td width="19%" colspan="2" valign="bottom"
style='width:19.1%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" valign="bottom"
style='width:15.62%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p>
</td> <td width="15%" valign="bottom"
style='width:15.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> <tr style='height:24.75pt'> <td width="18%" valign="bottom"
style='width:18.62%;padding:0;height:24.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:13.5pt;text-indent:-13.5pt'> Marketable
Securities - available for sale</p> </td> <td width="19%" colspan="2"
valign="bottom" style='width:19.1%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
8,000</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.02%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$    
8,000</p> </td> <td width="15%"
valign="bottom" style='width:15.62%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
8,000</p> </td> <td width="15%" valign="bottom"
style='width:15.82%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> <td width="15%" colspan="2" valign="bottom"
style='width:15.82%;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-indent:7.7pt'>$
-</p> </td> </tr> </table>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>Subsequent
Events</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
American has evaluated all transactions from December 31, 2014 through
the financial statement issuance date for subsequent event disclosure
consideration.
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b>New
Accounting Pronouncements</b></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><b> </b></p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-top:8.8pt;text-align:justify'>In
May 2014, the FASB issued an ASU addressing recognition of revenue from
contracts with customers. When adopted, this guidance will supersede
current revenue recognition rules currently followed by the Company. The
core principle of the new ASU is that an entity should recognize revenue to
depict the transfer of promised goods or services to customers that reflects the
consideration to which the entity expects to be entitled in exchange for those
goods or services. The ASU provides five steps for an entity to apply in
recognizing revenue, including: (1) identify the customer contract;
(2) identify the contractual performance obligations; (3) determine the
transaction price; (4) allocate the transaction price to the contractual
performance obligations; and (5) recognize revenue when the performance
obligation is satisfied. The new ASU also requires additional disclosures
regarding significant contracts with customers. The new ASU will be
effective for the Company on January 1, 2017, and early adoption is not
permitted. For transition purposes, the new ASU permits either (a) a
retrospective application to all years presented, or (b) an alternative
transition method whereby the new guidance is only applied to contracts not
completed at the date of initial application. The vast majority of the
Company’s revenue is recognized when oil and natural gas produced by the
Company is delivered and legal ownership of these products has transferred to
the purchaser. Based on the Company’s present understanding, the
accounting for oil and gas sales revenue is not expected to be significantly
altered by the new ASU. The Company has not yet selected which transition
method it will use.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>In
August 2014, the FASB issued an ASU requiring, when applicable, disclosures
regarding uncertainties about an entity’s ability to continue as a going
concern. During the preparation of quarterly and annual financial
statements, management should evaluate whether conditions or events exist that
raise substantial doubt about the entity’s ability to continue as a going
concern within one year after the date the financial statements are
issued. If this evaluation indicates that it is probable that an entity
will be unable to meet its obligations when they become due within one year of
the financial statement issuance date, management must evaluate whether its
mitigation plans will alleviate the substantial doubt of continuing as a going
concern. If substantial doubt exists, regardless of whether the mitigation
plan alleviates the concern, additional disclosures are required in the
financial statements addressing the conditions or events that raise substantial
doubt, management’s evaluation of the significance of those conditions or
events, and management’s mitigation plans. This new guidance will
become effective for the Company for all reporting periods beginning in
2016. Early application is permitted. The Company’s management
currently does not expect that this new guidance will have a significant effect
on its consolidated financial statements when adopted.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Long-term
notes receivables consisted of the following:</p> <table border="0"
cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="52%" style='width:52.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="3%" valign="top" style='width:3.44%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="24%" style='width:24.06%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top" style='width:2.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="17%" style='width:17.5%;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
</tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="3%" valign="top" style='width:3.44%;border:none;border-bottom:solid
black 1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="24%" valign="top"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="2%" valign="top"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="17%" valign="top"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:37.1pt'> <td width="52%"
valign="top" style='width:52.5%;padding:0;height:37.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Unsecured
note receivable for sale of a former subsidiary, Marald, Inc., due in monthly
payments of $3,074, including interest at 4%, beginning July 1, 2012 through
June 1, 2022 (a)</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>281,073 </p>
</td> <td width="2%" valign="bottom" style='width:2.5%;padding:0;height:37.1pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>281,073 </p>
</td> </tr> <tr style='height:37.1pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>First lien note
receivable due in monthly payments of $8,333,</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>including interest
at 5%, principal due on or before August 25,</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>2016
(b)</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:37.1pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,000,000 </p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:37.1pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>- </p>
</td> </tr> <tr style='height:24.75pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:24.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Unsecured
note receivable due in monthly payments of $5,000, including interest at 3%,
principal due on or before April 1, 2018 (c)</p> </td> <td width="3%"
valign="bottom" style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>570,193</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:24.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>595,668 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Total
notes receivable</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,851,266</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>876,741 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Reserve
due to uncertainty of collectability</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(19,523)</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(19,523)</p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Subtotal</p> </td>
<td width="3%" valign="bottom"
style='width:3.44%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,831,743</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>857,218 </p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="top"
style='width:52.5%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Less:
current portion</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(2,346,053)</p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(42,821)</p>
</td> </tr> <tr style='height:12.4pt'> <td width="52%" valign="bottom"
style='width:52.5%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Long-term notes
receivable</p> </td> <td width="3%" valign="bottom"
style='width:3.44%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="24%" valign="bottom"
style='width:24.06%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>485,690 </p>
</td> <td width="2%" valign="bottom"
style='width:2.5%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.5%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>814,397</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(a)<i>
Sale of Marald, Inc., principal and interest due monthly through June 1,
2022</i><i>.</i> The original note was for $300,000 and was
discounted to $200,000 for the receipt of full payment on or before October 25,
2007. In July 2012, payments began under a new extension and renewal
agreement for the note balance plus accrued interest, with the payment terms
indicated above. Since April 2013, no payments have been received on this
note. American has filed a lawsuit for the total amount owed plus interest
and attorney’s fees. The Company believes this receivable is fully
collectible, but has classified the receivable as long-term at December 31,
2014.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(b)
<i>First lien note receivable due August 25, 2016.</i>  AITP sold its 174
acres in Waller County, Texas, which closed on July, 25, 2014.  In
connection with the close, the Company entered into a promissory note receivable
with the purchaser of the aforementioned property for $2,000,000.  This
receivable was paid in full in January 2015.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>(c) <i>Unsecured
note receivable due April 1, 2018</i><i>.</i>  This note was issued for
$601,300.  This note was previously owed by Southwest Gulf Coast
Properties, Inc. ("SWGCP") resulting from closing costs, principal and
interest paid by American on the SWGCP loan at TXCB.
 In February, SWGCP obtained a judgment against Kentner Shell
("Shell"), who personally guaranteed the note, for $4,193,566 for
matters related to these condominiums. On September 30, 2011, SWGCP
assigned all of its interests in this judgment to American in exchange for this
note and $10. On April 1, 2013, American and Shell executed a
$620,000 note agreement whereby Shell will make monthly payments in the amount
of $5,000, beginning May 1, 2013, with a balloon payment for the remaining
amount owed due on or before April 1, 2018.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Real
estate held for sale consisted of the following:</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:9.9pt'> <td
width="59%" style='width:59.16%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="top"
style='width:2.52%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="19%" style='width:19.18%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> <td width="3%" valign="top"
style='width:3.28%;background:#CCFFCC;padding:0;height:9.9pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="15%" style='width:15.86%;background:#CCFFCC;padding:0;height:9.9pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> </tr> <tr style='height:12.4pt'> <td width="59%"
valign="bottom" style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>65 acres in
Galveston County, Texas</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>520,382</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>520,382</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>1.705
acres in Galveston County, Texas</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>460,000</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>460,000</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Two
residential lots in Galveston County, Texas (a)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>95,861</p>
</td> </tr> <tr style='height:.4in'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:.4in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>Dawn Condominium
units on the waterfront in Galveston, Texas; 6 and 7 units as of December 31,
2014 and December 31, 2013, respectively (b)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>788,033</p>
</td> <td width="3%" valign="bottom" style='width:3.28%;padding:0;height:.4in'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:.4in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>888,328</p>
</td> </tr> <tr style='height:.2in'> <td width="59%" valign="bottom"
style='width:59.16%;background:#CCFFCC;padding:0;height:.2in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>96 acres - vacant
commercial use land in Galveston County, Texas (c)</p> </td> <td width="2%"
valign="bottom" style='width:2.52%;background:#CCFFCC;padding:0;height:.2in'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,211,000</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:.2in'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>541,000</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>22 acres - vacant
mixed use land in Houston, Texas (d)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,661,656</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,459,264</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>31 acres - vacant
mixed use land in Houston, Texas (e)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,772,564</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;background:#CCFFCC;padding:0;height:12.4pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,772,564</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="bottom"
style='width:59.16%;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>174 acres in
Waller County, Texas (f)</p> </td> <td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,684,066</p>
</td> </tr> <tr style='height:12.4pt'> <td width="59%" valign="top"
style='width:59.16%;background:#CCFFCC;padding:0;height:12.4pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'> </p> </td>
<td width="2%" valign="bottom"
style='width:2.52%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="19%" valign="bottom"
style='width:19.18%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>6,413,635</p>
</td> <td width="3%" valign="bottom"
style='width:3.28%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="15%" valign="bottom"
style='width:15.86%;border:none;border-bottom:double black
2.25pt;background:#CCFFCC;padding:0;height:12.4pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,421,465</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'>(a) <i>Two
residential lots in Galveston County, Texas </i>- AITP sold its two residential
lots in Galveston County, Texas, which closed on September 30, 2014, for total
cash proceeds of $133,673, resulting in a total gain on sale of assets of
$20,812.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;margin-left:41.8pt;text-align:justify;text-indent:-17.6pt'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(b) Dawn
Condominium units on the waterfront in Galveston, Texas </i>- During the year
ended December 31, 2014, one Dawn Condominium unit was sold for a total of
$79,216, resulting in a total loss on sale of assets of $21,079.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(c) 96 acres
</i>- <i>vacant commercial use land in Galveston County, Texas </i>- On June 2,
2014, the Company and Daniel Dror II entered into an agreement whereby the
Company agreed to purchase the remaining 50% interest in 96 acres in Galveston,
Texas for $220,000 in cash, a $300,000 five-year promissory note, and 120,000
shares of common stock valued at $150,000.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(d) 22
acres - vacant mixed use land in Houston, Texas </i>- On December 31, 2014, NPI
transferred its 17-acre tract of land to AITP’s existing 5-acre tract,
resulting in a total 22 acre-tract balance. Subsequent to year-end, the
Company sold this land for $1,750,000 (excluding costs of the
transaction).  During 2014, the Company recorded a $797,608 impairment to
write down the land to its estimated net realizable value.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>(e)
31 acres - vacant mixed use land in Houston, Texas</i> - During 2013, the
Company recorded a $43,000 impairment to write down the land to its estimated
net realizable value.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p style='margin:0in;margin-bottom:.0001pt;text-autospace:none;'><i>(f) 174
acres in Waller County, Texas </i>- AITP sold its 174 acres in Waller County,
Texas, which closed on July 25, 2014, for a total of $3,350,018, comprised of a
$2,000,000 note receivable and $1,350,018 of cash proceeds, resulting in a gain
on sale of assets for the year ended December 31, 2014 of $1,447,564.</p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Below
are the components of oil and gas properties balance:</p> <table border="0"
cellspacing="0" cellpadding="0" width="100%"
style='width:100.0%;border-collapse:collapse'> <tr style='height:3.4pt'> <td
width="55%" style='width:55.0%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="2%"
valign="top" style='width:2.7%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="22%"
style='width:22.14%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="2%"
valign="top" style='width:2.9%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> <td width="17%"
style='width:17.26%;background:#CCFFCC;padding:0;height:3.4pt'> <p
style='margin:0in;margin-bottom:.0001pt'> </p> </td> </tr> <tr
style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'></td> <td width="2%" valign="top"
style='width:2.7%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'></td> <td width="22%" valign="top"
style='width:22.14%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>As of</b></p> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 30,
2014</b></p> </td> <td width="2%" valign="top"
style='width:2.9%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b> </b></p>
</td> <td width="17%" valign="top"
style='width:17.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>As of</b></p> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>December 31,
2013</b></p> </td> </tr> <tr style='height:12.85pt'> <td width="55%"
valign="top" style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Royalty interest in
24 acres in Washington County, Texas (a)</p> </td> <td width="2%"
valign="bottom" style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Royalty interest in
700 acres in the Permian Basin (b)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,400</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,400</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>10% working interest
in the Pierce Junction Field (c)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>87,500</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>87,500</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Lease of 394 acres
in the Gillock Field (d)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>83,500</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>83,500</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Lease of 332 acres
in Inez Prospect (e)</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>250,000</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Capitalized asset
retirement costs</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,003</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;border:none;border-bottom:solid black
1.0pt;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>6,055</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Total
oil and gas properties</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>433,403</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;background:#CCFFCC;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;background:#CCFFCC;padding:0;height:12.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>185,455</p>
</td> </tr> <tr style='height:12.85pt'> <td width="55%" valign="top"
style='width:55.0%;padding:0;height:12.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Accumulated
depletion</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="22%" valign="bottom"
style='width:22.14%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(3,962)</p>
</td> <td width="2%" valign="bottom"
style='width:2.9%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="17%" valign="bottom"
style='width:17.26%;padding:0;height:12.85pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,982)</p>
</td> </tr> <tr style='height:11.85pt'> <td width="55%" valign="top"
style='width:55.0%;background:#CCFFCC;padding:0;height:11.85pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-align:justify'> Net
capitalized costs</p> </td> <td width="2%" valign="bottom"
style='width:2.7%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="22%" valign="bottom" style='width:22.14%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>429,441</p>
</td> <td width="2%" valign="bottom" style='width:2.9%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="17%" valign="bottom" style='width:17.26%;border-top:solid black
1.0pt;border-left:none;border-bottom:double black
2.25pt;border-right:none;background:#CCFFCC;padding:0;height:11.85pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>183,473</p>
</td> </tr> </table> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>a)
Royalty interest in 24 acres in Washington County, Texas </i>- BOG has an oil
and gas mineral royalty interest, covering a twenty-four acre tract of land
located in Washington County, Texas, which is carried on the balance sheet at
$0. The royalty interest is currently leased by Anadarko Petroleum Corporation
for a term continuing until the covered minerals are no longer produced in
paying quantities from the leased premises. Royalties on the minerals produced
are currently incidental and paid to BOG as follows: (i) for oil and other
liquid hydrocarbons, and (ii) for gas (including casing-head gas); the royalty
is one-ninth of the net proceeds realized by Anadarko Petroleum Corporation on
the sale thereof, less a proportionate part of ad valorem taxes and production,
severance, or other excise taxes. In addition, BOG is entitled to shut-in
royalties of $1 per acre of land for every ninety-day period within which one or
more of the wells in leased premises, or lands pooled therewith, are capable of
producing paying quantities, but such wells are either shut-in or production is
not being sold.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>b)
Royalty interest in 700 acres in the Permian Basin </i>- On July 22, 2011, BOG
entered into an Asset Purchase and Sale Agreement with Doug Pedrie, Davis Pedrie
Associates, LLC and Energex Oil, Inc. (“Sellers”), pursuant to which
BOG acquired 700 acres of unproved property located in the Permian Basin near
Abilene, Texas. The agreement provided for the Sellers to complete all oil lease
assignments by August 15, 2011. The purchase consideration for the acquisition
is the issuance to Sellers of 2,000,000 restricted common shares of BOG, valued
at $8,400, with an additional 2,000,000 restricted common shares to be issued
contingent upon realization of certain production targets in 2012. On March 8,
2012, this agreement was rescinded and replaced with an agreement that in
consideration for the BOG share issuance; BOG has a 2.5% overriding royalty
interest in all of the leases associated with this property and any properties
acquired or renewed in the future within a ten-mile radius. In addition, the
contingency to issue additional shares was
removed.<i> </i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>c)
10% working interest in the Pierce Junction Field </i>- On March 12, 2013, BOG
entered into an agreement with an effective date of January 1, 2013, to purchase
a 10% working interest in the Pierce Junction Field for $50,000 cash and a
$70,000 non-interest bearing note payable due on August 31, 2013. On May 30,
2013, the holder of this note payable accepted $37,500 as full payment and BOG
recorded $32,500 as a reduction in the value of the oil and gas property due to
the decrease in the consideration given to acquire it.</p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'> <i>
</i></p> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'><i>d)
Lease of 394 acres in the Gillock Field </i>- BOG leased 394 acres in Galveston
County for the acquisition of 100% working interest in the Gillock Field from
Kemah Development Texas, L.P. (“KDT”) and Daniel Dror II Trust of 2012
for $300 per acre, or $131,100 (recorded as accounts payable – related
parties in the consolidated balance sheet as of December 31, 2014 and 2013) and
200,000 shares of American restricted common stock. BOG issued 3,326,316 shares
of BOG restricted common stock to American as payment in full for the 200,000
shares issued by American on BOG’s behalf. In 2002, KDT paid $1,175,000 for
the original 437 acres and the mineral rights to 394 acres. However, KDT
assigned no value to the mineral rights. Due to the related parties having no
basis in the mineral rights, BOG expensed the costs associated with the
transaction, which totaled $447,100 and consisted of i) $316,000 of stock-based
compensation calculated at the grant date fair value of the 3,326,316 shares of
BOG common stock issued to American (which equaled the grant date fair value of
the common stock American issued to KDT and the Daniel Dror II Trust) and ii)
the $131,100 related party payable. </p>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:justify'>Consolidated
revenues from external customers, operating loss, depreciation and amortization
expense, interest expense, capital expenditures, and identifiable assets
were as follows:</p> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'> </p>
<table border="0" cellspacing="0" cellpadding="0" width="667"
style='width:500.3pt;margin-left:5.4pt;border-collapse:collapse'> <tr
style='height:15.75pt'> <td width="289"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="378" colspan="5" valign="bottom"
style='width:283.3pt;border:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>For
the Year Ended December 31,</b></p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'><b> </b></p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2014</b></p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'></td> <td
width="152" valign="bottom" style='width:114.2pt;border:none;border-bottom:solid
black 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2013</b></p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b> </b></p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Revenues:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>33,094</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>36,483
</p> </td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>13,872
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total revenues</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>33,094</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>50,355
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Operating income (loss) from continuing operations:</p> </td>
<td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AMIH</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(134,368)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(170,439)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>790,213</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(197,980)</p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(201,781)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(621,847)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,647,338)</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(270,987)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Operating loss from continuing operations</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,193,274)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,261,253)</p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Other income (expenses) from continuing operations</p> </td>
<td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(124,917)</p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(217,066)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:25.5pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Net loss from continuing operations before income tax</p> </td>
<td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,318,191)</p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>(1,478,319)</p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:25.5pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:.25in'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Depreciation, depletion and amortization:</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'></td> <td width="166" valign="bottom"
style='width:124.2pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:.25in'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td> <td
width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:.25in'></td>
</tr> <tr style='height:15.0pt'> <td width="289" valign="bottom"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,951
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,629
</p> </td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,773
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,773
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:18.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:18.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total depreciation and amortization</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:18.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,724
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:18.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>4,402
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:18.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="357" colspan="4" valign="bottom"
style='width:267.5pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>For
the Year Ended December 31,</b></p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'><b> </b></p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2014</b></p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;border-bottom:solid windowtext 1.0pt;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>2013</b></p>
</td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid black
1.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center;text-autospace:ideograph-numeric
ideograph-other'><b> </b></p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Interest expense:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>7,500
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>                                          
   - </p> </td> <td width="18" style='width:13.3pt;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>69,564
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>                                 
63,176 </p> </td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total interest expense</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;border-top:solid
windowtext 1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>77,064
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom" style='width:114.2pt;border-top:solid
windowtext 1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>63,176
</p> </td> <td width="18" style='width:13.3pt;border-top:solid windowtext
1.0pt;border-left:none;border-bottom:double windowtext
2.25pt;border-right:none;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Capital expenditures:</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td> <td
width="18" style='width:13.3pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'></td>
</tr> <tr style='height:15.75pt'> <td width="289" valign="bottom"
style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>20,000
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>171,000
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:solid
windowtext 1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Total capital expenditures</p> </td> <td width="21"
valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'>
<p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>20,000
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $
</p> </td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>171,000
</p> </td> <td width="18" style='width:13.3pt;border:none;border-bottom:double
windowtext 2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.75pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> <td width="18"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'></td> </tr> <tr style='height:16.5pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:16.5pt'></td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'></td> <td
width="166" valign="bottom" style='width:124.2pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2014</b></p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'></td> <td
width="152" valign="bottom" style='width:114.2pt;border:none;border-bottom:solid
windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:16.5pt'> <p align="center"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:center'><b>December
31, 2013</b></p> </td> <td width="18" style='width:13.3pt;padding:0in 5.4pt 0in
5.4pt;height:16.5pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Identifiable assets:</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AITP</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>8,127,326
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>7,309,106
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>AMIH</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>120
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>-
</p> </td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.0pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'>
<p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>BOG</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="166" valign="bottom" style='width:124.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>435,441
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> </p>
</td> <td width="152" valign="bottom" style='width:114.2pt;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>193,432
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> <tr style='height:15.0pt'> <td
width="289" valign="bottom" style='width:217.0pt;background:#CCFFCC;padding:0in
5.4pt 0in 5.4pt;height:15.0pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'>Corporate</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>1,586,228
</p> </td> <td width="21" valign="bottom"
style='width:15.8pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:solid windowtext
1.0pt;background:#CCFFCC;padding:0in 5.4pt 0in 5.4pt;height:15.0pt'> <p
align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>2,707,435
</p> </td> <td width="18" valign="bottom"
style='width:13.3pt;background:#CCFFCC;padding:0in 5.4pt 0in
5.4pt;height:15.0pt'></td> </tr> <tr style='height:15.75pt'> <td width="289"
valign="bottom" style='width:217.0pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> Total identifiable assets</p> </td> <td
width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt 0in
5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>$</p>
</td> <td width="166" valign="bottom"
style='width:124.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>10,149,115
</p> </td> <td width="21" valign="bottom" style='width:15.8pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'> $</p>
</td> <td width="152" valign="bottom"
style='width:114.2pt;border:none;border-bottom:double windowtext
2.25pt;padding:0in 5.4pt 0in 5.4pt;height:15.75pt'> <p align="right"
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-align:right'>10,209,973
</p> </td> <td width="18" valign="bottom" style='width:13.3pt;padding:0in 5.4pt
0in 5.4pt;height:15.75pt'> <p
style='margin:0in;margin-bottom:.0001pt;text-autospace:none;text-autospace:ideograph-numeric
ideograph-other'> </p> </td> </tr> </table>
0001073146
2013-12-31
0001073146
2012-12-31
0001073146
2014-01-01
2014-12-31
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2014-06-30
0001073146
2015-04-15
0001073146
2014-12-31
0001073146
2013-01-01
2013-12-31
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