10-Q

UNITED STATES SECURITIES & EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE

SECURITIES AND EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934

COMMISSION FILE NUMBER 0-29711

AMERICAN FIBER GREEN PRODUCTS, INC.

(Exact name of issuer in its charter)

NEVADA	91-1705387
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
209 RALEIGH STREET, TAMPA, FL	33619
(Address of Principal Executive Offices)	(Zip Code)

(813) 247-2770

(Issuer's telephone number)

(Former Name, Former Address and Former Fiscal Year,

if Changed Since Last Report)

Securities registered pursuant to Section 12(g) of the Act:

$.001 par value preferred stock Over the Counter Bulletin Board

$.001 par value common stock Over the Counter Bulletin Board

Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. ☐

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act during the past 12 months (or for such shorter period that the Registrant was required to file such reports), and(2) has been subject to such filing requirements for the past 90 days.

☑ Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of "accelerated filer and

Large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check one):  

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☑

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

☐ Yes ☑ No

Transitional Small Business Disclosure Format (check one): Yes ☐ No ☑

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☑

There were , 11,543,235 shares of the Registrant's $.001 par value common stock outstanding as of June 30, 2012.

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	TABLE OF CONTENTS
	AMERICAN FIBER GREEN PRODUCTS, INC.
	FORM 10-Q - INDEX
	PART I FINANCIAL INFORMATION	PAGE
ITEM 1.	FINANCIAL STATEMENTS
	Consolidated Condensed Balance Sheets	4
	Consolidated Condensed Statements of Operations	5
	Consolidated Condensed Statements of Changes in Stockholders' Deficit	6
	Consolidated Condensed Statements of Cash Flows	7
	Notes to Consolidated Condensed Financial Statements	8
ITEM 2.	Management's Discussion and Analysis of Financial Condition
	And Plan of Operation	12
ITEM 3.	Quantitative and Qualitative Disclosures About Market	15
ITEM 4.	Controls and Procedures	15
	PART II OTHER INFORMATION
ITEM 1.	Legal Proceedings	17
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17
ITEM 3.	Defaults Upon Senior Securities	17
ITEM 4.	Mine Safety Disclosures Holders	17
ITEM 5.	Other Information	17
ITEM 6.	Exhibits And Reports on Form 8-K	17
	SIGNATURES	19

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PART I--FINANCIAL INFORMATION

AMERICAN FIBER GREEN PRODUCTS, INC.

Statements in this Form 10Q Quarterly Report may be "forward-looking statements." Forward-looking statements include, but are not limited to,statements that express our intentions, beliefs, expectations, strategies,predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on our current expectations, estimates and projections about our business based, in part, on assumptions made by our management. These assumptions are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including those risks discussed in this Form 10Q Quarterly Report, under "Management's Discussion and Analysis of Financial Condition or Plan of Operation" and in other documents which we file with the Securities and Exchange Commission.

In addition, such statements could be affected by risks and uncertainties related to our financial condition, factors that affect our industry, market and customer acceptance, changes in technology, fluctuations in our quarterly results, our ability to continue and manage our growth, liquidity and other capital resource issues, competition, fulfillment of contractual obligations by other parties and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this Form 10Q Quarterly Report, except as required by law.

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American Fiber Green Products, Inc.
Consolidated Balance Sheets
			June 30,		December 31,
			2012		2011
			(unaudited)		(audited)
ASSETS
Current Assets
	Cash and cash equivalents	$	87	$	4,057
	Accounts receivable		-		16,994
	Interest receivable, related parties		86,484		78,223
Total Current Assets			86,571		99,274
Notes recievable, net			107,395		98,405
Property and equipment, net of accumulated			-
	depreciation of ($41,447) and $37,982, respectively		18,200		21,664
	TOTAL ASSETS	$	212,166	$	219,343
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
	Accounts payable	$	304,117	$	302,642
	Accrued expenses		4,550		4,550
	Note payable, related party		350,056		372,826
	Deferred salaries		897,858		867,298
	Accrued interest payable		904,391		852,154
	Subscription Payable		-		-
	Convertible notes payable, related party		296,035		286,035
Total Current Liabilities			2,757,007		2,685,505
	TOTAL LIABILITIES		2,757,007		2,685,505
Stockholders' Deficit
Common stock: 350,000,000 authorized; $0.001 par value
	11,543,235 shares issued and outstanding		11,544		11,386
Additional paid in capital			2,514,575		2,423,383
Accumulated deficit			(5,070,960)		(4,900,931)
Total Stockholders' Deficit			(2,544,841)		(2,466,162)
	TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	212,166	$	219,343
See notes to unaudited financial statement

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American Fiber Green Products, Inc.
Consolidated Statements of Operation
		For the Three Months Ended		For the Six Months Ended
		June 30,		June 30,
		2012	2011	2012	2011
		(unaudited)	(unaudited)	(unaudited)	(unaudited)
Revenues		$                24,000	$                       -	$                55,000	$                       -
		.
EXPENSES
Operating Expenses
	Marketing and sales	-	-	-	-
	Compensation	-	-	-	-
	Professional	-	-	-	-
	General and administrative	39,958	18,670	177,954	42,661
	Total operating expenses	39,958	18,670	177,954	42,661
Net loss from operations		(15,958)	(18,670)	(122,954)	(42,661)
Other income (expense)
	Interest expense	(29,532)	(25,235)	(55,336)	(49,824)
	Interest Income	4,178	3,987	8,261	7,879
	Income taxes	-	-	-	-
Net loss		$              (41,312)	$              (39,918)	$            (170,029)	$              (84,606)
BASIC AND DILUTED LOSS PER SHARE		$                  (0.00)	$                  (0.00)	$                  (0.01)	$                  (0.01)
WEIGHTED AVERAGE NUMBER OF
	SHARES OUTSTANDING	11,543,235	11,385,735	11,543,235	11,543,235

 See notes to unaudited financial statements

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American Fiber Green Products, Inc.
Consolidated Statement of Stockholders' Deficit
					Accumulated
				Additional	Deficit
		Common Stock		Paid in	Development
		Shares	Amount	Capital	Stage	Total
Balance as of December 31, 2010		11,385,735	$         11,386	$       2,423,383	$    (4,767,996)	$    (2,333,227)
	Net loss				(132,935)	(132,935)
Balance as of December 31, 2011		11,385,735	$         11,386	$       2,423,383	$    (4,900,931)	$    (2,466,162)
	Net loss (unaudited)				(170,029)	(170,029)
	Shares Issued at $.58 per share	157,500	158	91,192		91,350
Balance, June 30, 2012		11,543,235	$         11,544	$       2,514,575	$    (5,070,960)	$    (2,544,841)

 See notes to unaudited financial statements

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American Fiber Green Products, Inc.
Consolidated Statements of Cash Flows
		For the Six months ended
		June 30,
		2012	2011
CASH FLOWS FROM OPERATING ACTIVITIES:
	Net income (loss)	$               (170,029)	$             (84,606)
	Adjustment to reconcile Net Income to net
	cash provided by operations:
	Depreciation and amortization	3,465	2,500
	Changes in assets and liabilities:
	Accounts receivable	16,994
	Interest receivable, related parties	(8,262)	(7,880)
	Notes receivable, net	1,010	-
	Accounts payable	1,475	2,595
	Accrued expenses	-
	Deferred salaries	30,560	31,500
	Subscription receivable	-
	Accrued interest payable	52,237	49,796
	Net Cash Used in Operating Activities	(72,550)	(6,095)
CASH FLOWS FROM INVESTING ACTIVITIES:
	Loan to PAC		6,111
	Net Cash Used in Investing Activities	-	6,111
CASH FLOWS FROM FINANCING ACTIVITIES:
	Payments for security deposits	-
	Advances from related parties	(22,770)
	Convertible notes payable, related party	-
	Issuance of common stock	91,350
	Net Cash Provided by Financing Activates	68,580	-
Net increase (decrease) in cash and cash equivalents		(3,970)	16
Cash and cash equivalents, beginning of period		4,057	40
Cash and cash equivalents, end of period		$                            87	$                       56
Supplemental Cash Flow Information
	Cash paid for interest	$                             -	$                        -
	Cash paid for taxes	$                             -	$                        -

See notes to unaudited financial statements

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AMERICAN FIBER GREEN PRODUCTS, INC.

NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

AS OF JUNE 30, 2012 AND FOR THE

SIX MONTH PERIODS ENDED JUNE 30, 2012 AND 2011

UNAUDITED

NOTE 1 - ORGANIZATION AND BUSINESS

American Fiber Green Products, Inc. (AFBG) came into existence as a result of the following transactions:

In March of 1993, William Amour founded Amour Hydro Press, Inc. (AHP) to conduct research and development to commercialize proprietary technology that would allow the Company to process waste fiberglass and resins into new commercially viable products.

In January of 1996 the Board of Directors authorized the merger of AHP with Amour Fiber Core, Inc. a Washington corporation. Each common share of Amour Hydro Press,Inc. was exchanged for 280 common shares of Amour Fiber Core, Inc. The authorized shares of Amour Fiber Core, Inc. were 5,000,000 shares. The company operated under this configuration until June 1998 when the Board of Directors approved a three for one forward split (3:1) increasing the authorized shares from 5,000,000 to 15,000,000 common shares. Amendments to the Articles of Incorporation were filed with the State of Washington. Although approved and recorded, the 3:1 forward split was not reported to the transfer agent of the Company. The resulting change in common stock was from 3,675,996 to 11,027,988 common shares issued and outstanding.

Within months of these actions, William Amour, founder and driving force behind the business was diagnosed with cancer and died in 1999. Attempts by the board to continue the operation of Amour Fiber Core, Inc. resulted in substantially more debt and ultimately the cessation of operations. The value of the company was in the exclusive rights to the proprietary technology, as well as the resources developed to source raw material and vendors and the ability to create viable products from waste material. There were 884 shareholders of record at the time of William Amour's passing and they remained committed to the success of the Company. The Company ceased operations in January 2000, however, management continued to search for investors to be able to restart production.

On September 15, 2001, after several months of discussion and negotiations, Kenneth McCleave incorporated American Leisure Products, Inc. a Florida corporation, of which he was the sole shareholder of the 100,000 issued and outstanding shares for the purpose of merger with Amour Fiber Core, Inc. The terms and conditions of said merger included Mr. McCleave's assistance in resolution of a number of problems restricting Amour. Litigation with the landlord and disgruntled note holders threatened the collapse of the Company unless amicable resolution was achieved. The terms of the merger were established and the concerns were resolved over the subsequent 24 months.

In May of 2004, following appropriate shareholder consent and board action, Amour Fiber Core, Inc.(Washington) merged with a newly formed Nevada corporation of the same name and with the same issued and outstanding shares 11,027,988. Amour Fiber Core, Inc. (Nevada) has authorized 350,000,000 common and 5,000,000 preferred shares.

On May 24, 2004, Amour Fiber Core, Inc. (Nevada) then entered into an Agreement and Plan of Merger with American Leisure Products, Inc., a Florida corporation with a total issued and outstanding 100,000 common shares. A 1:6 reverse split of the Amour Fiber Core, Inc. shares held by the AFC shareholders reduced the issued and outstanding common shares of AFC (Nevada) from 11,027,988 to 1,837,998. The merger called for each share of ALP to convert to 73.52 shares of Amour Fiber Core, Inc. (Nevada). The sole shareholder of ALP received 7,352,000 shares of Amour Fiber Core, Inc. (Nevada) in the merger (i.e. a conversion ratio of 73.52:1). Following this transaction, Amour Fiber Core, Inc. (Nevada) had 9,189,998 shares outstanding.

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Following this merger and in keeping with the Shareholder Consent and subsequent board action, the name of Amour Fiber Core, Inc. (Nevada) was changed to American Fiber Green Products, Inc. American Leisure Products, Inc. (a Florida corporation) became a wholly owned subsidiary of American Fiber Green Products, Inc. The assets and opportunities of American Fiber Green Products, Inc. (f/k/a Amour Nevada and Amour Washington) were moved to a newly formed, Amour Fiber Core, Inc., (a Florida Corporation) as a wholly owned subsidiary. The resulting structure is American Fiber Green Products, Inc. (Nevada) holding 100% of the stock of American Leisure Products, Inc. (Florida) and Amour Fiber Core, Inc.(Florida).

NOTE 2 - GOING CONCERN

The accompanying consolidated condensed financial statements have been prepared assuming the Company will continue as a going concern. The Company's continued existence is dependent upon the Company's ability to obtain additional debt and/or equity financing. The Company has incurred losses since inception and,the Company has not generated any revenues from its products. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The Company will begin construction of a plant upon funding and expects to complete the project and to begin production within the next 18 months. Although the cost of construction has not been quantified, the Company estimates the cost to be approximately $250,000 per plant unit. Management plans to raise additional funds through the sale of sub-licensing agreements, project financings or through future sales of their common stock, until such time as the Company's revenues are sufficient to meet its cost structure, and ultimately achieve profitable operations. There is no assurance that the Company will be successful in raising additional capital or achieving profitable operations. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

NOTE 3 - FINANCIAL STATEMENTS

In the opinion of management, all adjustments consisting only of normal recurring adjustments necessary for a fair statement of (a) the results of operations for the three and six month periods ended June, 2012 and 2011, (b) the financial position at June 30, 2012 and (c) cash flows for the six month periods ended June, 2012 and 2011, have been made.

The unaudited financial statements and notes are presented as permitted by Form 10-Q. Accordingly, certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. The accompanying financial statements and notes should be read in conjunction with the audited financial statements and notes of the Company for the fiscal year ended December 31, 2011. The results of operations for the three and six month periods ended June,30 2012 are not necessarily indicative of those to be expected for the entire year.

The accompanying consolidated financial statements include the activity of the Company and its wholly owned subsidiaries. All intercompany transactions have been eliminated in consolidation.

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

NOTE 4 - NOTES RECEIVABLE

The Company has made loans to several companies, both owned by officers and stockholders of the Company and to unrelated parties. The purpose of these loans was to invest in other fiberglass manufacturing businesses in order to facilitate the development and production of fiberglass products. The Company does not expect repayment of these amounts to occur during the next 12 months.

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Notes receivable are made up of the following:

NOTE 4
Note receivable, related party, 10% interest, due May 12, 2004 (past maturity)	$	6,000
Note receivable, related party, 10% interest, due April 30, 2005 (past maturity)		52,452
Note receivable, related party, 10% interest, due April 22, 2005 (past maturity)		29,243
Note receivable, related party, 8% interest, due April 20, 2008 (past maturity)		14,700
Note receivable, unrelated party, 8% interest, due August 8, 2008 (past maturity)		5,000
	$	107,395

The above related party transactions are not necessarily indicative of the terms and amounts that would have been incurred had comparable agreements been made with independent parties.

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company entered into an employment agreement with a key employee. The employment agreement is for a period of three years, with prescribed percentage increases beginning in 2007 and can be cancelled upon a written notice by either employee or employer (if certain employee acts of misconduct are committed). The total annual payment under the employment agreement was $63,000 for 2009. This agreement has been extended through the year 2013 in the same amount.

The Company anticipates that it will enter into employment contracts with two other key employees in 2012 under similar terms and conditions. Specifics will be determined by the Compensation Committee and approved by the Board of Directors.

NOTE 6 - RELATED PARTY TRANSACTIONS

The Company is currently operating in a facility leased and operated by Tampa Fiberglass Inc. (TFI). TFI is owned by Ken McCleave, Chairman of AFGP. No occupancy cost has been charged to AFGP by TFI as of June 30, 2012. There is no assurance that this favorable treatment will continue in the future if AFGP begins to facilitate operations at that site.

The above related party transactions are not necessarily indicative of the terms and amounts that would have been incurred had comparable agreements been made with independent parties.

NOTE 7 - DEFERRED WAGES

The Company has accrued salaries owed to four individuals. Only one of the four employees is covered by an employment agreement, see Note 5. The amounts due are fixed without any interest or other escalating cost and the Company does not expect to make any payments on these deferred wages during the next twelve months, and therefore the balances are classified as non-current.

NOTE 8 - NOTES PAYABLE

Notes payable at June 30, 2012 consist of the following:

NOTE 8
Note payable, individual, past maturity, 8.75% interest; unsecured	$	101,500
Note payable, individual, past maturity, 14.00% interest; unsecured		30,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 10.50% interest; unsecured		100,000
Note payable, individual, past maturity, 10.50% interest; unsecured		18,000
Note payable, individual, past maturity, no interest; unsecured		15,000
Note payable, individual, past maturity, 10.00% interest; unsecured		1,535
Note payable, individual, past maturity, 16.50% interest; unsecured		7,000
Note payable, individual, past maturity, 16.50% interest; unsecured		3,000
Total convertible notes payable to shareholders	$	296,035

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NOTE 9 - OTHER PAYABLES, RELATED PARTIES

Long-term payables are due to PAC (Public Acquisition Company - a wholly owned business of Kenneth McCleave), Nimble Boat Works (a wholly owned business of Kenneth McCleave), Daniel L. Hefner (President and Chief Operating Officer of AFBG) for cash advances made to AFBG.

NOTE 9
Due to PAC	$	346,806
Due to Nimble Boat Works		2,335
Due to Dan Hefner		915
Total convertible notes payable to shareholders	$	350,056

Company loans payable to PAC in the amount of $314,670, included above, bearinterest ($214,670 at 10% pa and $100,000 at 8% pa.) These loans were primarily associated with the acquisition of Amour Fiber Core.

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 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF OPERATION

THIS FILING CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS "ANTICIPATED," "BELIEVE," "EXPECT," "PLAN," "INTEND," "SEEK," "ESTIMATE," "PROJECT," "WILL," "COULD," "MAY," AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH STATEMENTS REFLECT THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN, POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH ARE BEYOND THE COMPANY'S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR DEVELOPMENTS.

The following discussion and analysis should be read in conjunction with "Selected Financial Data" and our financial statements and related notes thereto included elsewhere in this registration statement. Portions of this document that are not statements of historical or current fact are forward-looking statements that involve risk and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this registration statement should be read as applying to all related forward-looking statements wherever they appear in this registration statement. Our actual results could differ materially from those anticipated in the forward-looking statements. Factors that could cause our actual results to differ materially from those anticipated include those discussed in "Risk Factors," "Business" and "Forward-Looking Statements."

GENERAL OVERVIEW

American Fiber Green Products, Inc.

From its inception, American Fiber Green Products, Inc. (f/k/a Amour Hydro Press, Inc; Amour Fiber Core, Inc. [Washington]; Amour Fiber Core, Inc. [Nevada]) has had a focus on the production of Fiberglass Reinforced Plastic(FRP) products to take to market, beginning with the patented recyclingtechnology developed by William Amour, the Company's founder. After spending millions of dollars on research and development and proving that the technology could, in fact, recycle fiberglass waste and produce superior fiberglass products, the Company was forced to suspend operations due to the death of Mr. Amour in 1999. Several years of stagnation and distress left the Company, its creditors and its nearly 850 shareholders on the verge of total loss. In 2001 Kenneth McCleave started dialogue with the Management and shareholders of the Company about merging with American Leisure Products, Inc., a company that would use virgin materials to produce vintage cars, boats and other FRP products. These discussions resulted in a concerted effort by McCleave and his team, as well as the Officers and Directors of the Company, to establish support for and confidence in the proposed plan of merger. In May of 2004 after much creditor negotiation, resolution of legal matters and personal visits with hundreds of shareholders representing over 70% of the issued and outstanding shares of the Company's common stock, the merger was completed between Amour Fiber Core, Inc. (Nevada) and American Leisure Products, Inc. (Florida). Simultaneously, the combined companies effected a name change to American Fiber Green Products, Inc. (AFBG). The Company established that the future operations of the two merged companies would represent two divisions of AFBG. Amour Fiber Core, Inc. (Florida) had been formed to be a subsidiary of American Fiber Green Products, Inc. specifically fiberglass waste recycling. American Leisure Products, Inc. (Florida) will produce fiberglass components from new materials.

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Amour Fiber Core

We plan to generate revenues from several areas; a technology and proprietary process for the recycling of fiberglass. Revenues can be produced from the following areas:

Amour Fiber Core's primary focus will be to recycle fiberglass, produce products from recycled material and sell license agreements for its process. The Company has developed, tested and previously placed into limited commercial production, a new technology for fiberglass reclamation manufacturing. It has adapted this technology to establish a manufacturing business. From the research and development in Amour's early stages many different products have been prototyped and tested. Building on this foundation, management has determined that the pilot plant to be constructed in Florida and will produce general planking or boards for marine decking and seawalls. Marketing the planking will help to "brand" our name through park benches and picnic tables as part of our first line of finished goods.

We intend to offer contracts for licensing of our patented technology. The Company believes that licensing its technology to businesses in foreign countries and the North American market can be an effective method to maximize the return on its investment in the continued development of its fiberglass recycling technology, without significant additional capital outlays. Additionally, such licensing agreements will increase the Company's public visibility and general awareness of its technology. The licensee will be required to pay an up front fee for the sub-license, equipment and training prior to delivery and a royalty fee to the Company for each item produced by the licensee. If the wholesale price of the licensee's produced products are significantly below the production costs of products produced by the Company, the Company may also offer to purchase product from the licensees. The Company believes the establishment of licensees in various foreign countries is an effective means of introducing the Company's technology into new markets without

major capital outlays.

American Leisure Products

American Leisure Products (ALP) will produce FRP parts within the fiberglass industry. In addition, the Company will produce parts from the company owned molds for the after market hot rod industry and the marine industry. ALP will produce and sell vintage car bodies, boats, and other fiberglass components in the leisure products line. The leisure market has been defined in recent years as one of the fastest growing market segments because of 'baby boomers' who have reached a point of financial affluence and increasing leisure time. Their desire to enjoy the 'fruits of their labor' has created a massive market that our products will feed. The Company currently owns molds for several products, but will also be acquiring additional molds and tooling as funding is achieved through debt or equity or the combination.

13

RESULTS OF OPERATIONS

Revenues

The Company had revenues of $ 55,000 for the six months ended June 30, 2012. The Company had suspended all operations for the past several years while management effected the changes in corporate structure, built a management team, studied the market trends, and generated investment interest in the Company's business model and opportunity. Operations resumed in the later part of 2011. The Company plans to build a pilot plant during the years ended December 31, 2012 and 2013. The Company has begun the process of establishing a network of sub-licensees to collect and process waste fiberglass and to produce finished goods from that process. These sub-licenses will provide income to the Company in initial fees for acquiring the license as well as ongoing revenue from production royalties.

Expenses

Marketing, general and administrative expenses for the three and six months ended June 30, 2011 and 2012 of $39,958, $18,751, $177,954 and $42,661, respectively. The increase was primarily due to the activities of our initial production. We anticipate our facilities to increase in volume as we become more able to accept and produce on our increasing orders.

The Company incurred interest expense for the three and six months ended June 30, 2011 and 2012 of $29,532, $25,234, $55,336 and $49,824, respectively. Interest was charged based on the stated interest rates set forth in the notes.

GENERAL TRENDS AND OUTLOOK

We believe that our immediate outlook is extremely favorable, as we believe there is no other company competing with us on a nationwide basis in our market niche for recycling fiberglass and only a limited number of companies competing with us in of our products within American Leisure Products. However, there is no assurance that such national competitor will not arise in the future. We do not anticipate any major changes in the Recycling industry. We believe that 2012 will be a significant growth year, and besides the operational business strategies discussed above, we intend to implement the following plans in 2012 and 2013 in order to maintain and expand our opportunity.

We plan to staff our facility in Tampa, Florida, with customer service representatives and logistical support personnel to build our Pilot Plant and complete our tooling requirements. Currently this facility is limited in staff. The Tampa plant will serve as the selling platform for the sub-licensing of Amour Fiber Core's patented technology. Additionally, we will utilize this facility to directly distribute American Leisure's products to the market.

As we gain strength and stability in the U.S. domestic market, we intend to expand our influence and market in other areas of the world through our license agreements. Inquiries about acquiring use of the Amour recycling technology have been received from Japan, Australia, England, France, Turkey, Egypt, the African continent, Indonesia, Ireland, the Caribbean basin and Canada.

LIQUIDITY AND CAPITAL RESOURCES

The Company's financial statements have been prepared assuming that the Company will continue as a going concern. For the six months ended June 30, 2012, the Company has had a net loss of $170,029 and cash used by operations of $73,560, cash used by investing activities was $ 21,760 and cash provided by financing activities of $91,350, and negative working capital of $222,096. In view of these matters, recoverability of recorded asset amounts shown in the accompanying consolidated financial statements is dependent upon the Company's ability to expand operations and to achieve a level of profitability. The Company has financed its activities principally from private funding. The Company intends to finance its future development activities and its working capital needs largely from the sale of equity securities until such time that funds provided by operations are sufficient to fund working capital requirements.

UNPREDICTABILITY OF FUTURE REVENUES; POTENTIAL FLUCTUATIONS IN QUARTERLY

OPERATING RESULTS; SEASONALITY

As a result of the Company's limited operating history, the Company is unable to accurately forecast its revenues. The Company's current and future expense levels are based largely on its investment plans and estimates of future revenues and are to a large extent fixed and expected to increase.

Sales and operating results generally depend on the volume of, timing of and ability to fulfill the number of orders received and the ability to obtain raw materials at a reasonable price. The Company may be unable to adjust spending in a timely manner to compensate for any unexpected revenue shortfall. Accordingly, any significant shortfall in revenues in relation to the Company's planned expenditures would have an immediate adverse effect on the Company's business, prospects, financial condition and results of operations. Further, as a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions which could have a material adverse effect on its business, prospects, financial condition and results of operations.

14

The Company expects to experience significant fluctuations in its future quarterly operating results due to a variety of factors, many of which are outside the Company's control. Factors that may adversely affect the Company's quarterly operating results include (i) the Company's ability to retain

customers, attract new customers at a steady rate and maintain customer satisfaction, we cannot be sure that we will be able to attract sufficient customers to maintain or grow revenue and consequently our long term growth and success may be negatively impacted; (ii) the announcement or introduction of new technology by the Company and its competitors, we cannot be sure that our competition will not significantly impact our customer base, and thereby negatively impact our revenues, with new and improved technology; (iii) price competition or higher prices in the industry, we cannot be sure that we will be able to maintain our current pricing structure and gross margins to be able to compete with new competitors at reasonable prices; (iv) the Company's ability to upgrade and develop its systems and infrastructure and attract new personnel in a timely and effective manner, the Company cannot be sure that it will be able to raise sufficient capital in order for it to grow its infrastructure; (v) governmental regulation, the Company must comply with regulations from several governmental agencies to ensure compliance of products, recycling processes and manufacturing facilities, but there is no assurance that the regulations will not change or become more restrictive in the future, thereby limiting the ability of the Company to produce cost effective products.

Capital Stock

Preferred Stock

Although the board has authorized 5,000,000 shares of preferred stock, par value

$.001, none have been issued.

Capital Expenditures

We expect in the future to incur capital expenditures. Since our inception, the research and development has been completed. For each division in 2012-2013, we expect to have total capital expenditures of $525,000.00 -- Amour Fiber Core $250,000 for the pilot plant, American Leisure Products $275,000.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET

Not Applicable

ITEM 4(T).

CONTROLS AND PROCEDURES

Evaluation of disclosure controls and procedures.

Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Management conducted its evaluation based on the framework in Internal Control - Integrated Framework issued by the Committee on Sponsoring Organizations of the Treadway Commission (COSO). Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that, at June 30, 2012, such disclosure controls and procedures were effective.

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure.

Management's Report on Internal Control over Financial Reporting

15

The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Internal control over financial reporting is a process, including policies and procedures, designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with U.S. generally accepted accounting principles. Our management assessed our internal control over financial reporting based on the Internal Control - Integrated Framework issued by the COSO. Based on the results of this assessment, our management concluded that our internal control over financial reporting was effective as of June 30, 2012 based on such criteria.

A control system, no matter how well conceived or operated, can provide only reasonable, not absolute assurance that the objectives of the control system are met under all potential conditions, regardless of how remote, and may not prevent or detect all errors and all fraud. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been prevented or detected. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in

accordance with generally accepted accounting principles.

Our disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. Based on their evaluation as of the end of the period covered by this report, management concluded that our disclosure controls and procedures were sufficiently effective to provide reasonable assurance that the objectives of our disclosure control system were met.

Changes in Internal Control over Financial Reporting

No change in the Company's internal control over financial reporting occurred during the quarter ended June 30, 2012, that materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

CHANGE IN INTERNAL CONTROLS

There have been no changes in internal controls over financial reporting that occurred during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal controls over financial

reporting.

16

PART II--OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

The Company is not involved in any legal proceedings and is not aware of any pending or threatened claims.

The Company expects to be subject to legal proceedings and claims from time to time in the ordinary course of its business, including, but not limited to, claims of alleged infringement of the trademarks and other intellectual property rights of third parties by the Company and its licensees. Such claims, even if not meritorious, could result in the expenditure of significant financial and managerial resources.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the three month period ended June 30, 2012, there was no modification of any instruments defining the rights of holders of the Company's common stock and no limitation or qualification of the rights evidenced by the Company's common stock as a result of the issuance of any other class of securities or the modification thereof.

During the period covered by this filing, the Company did not sell any securities that were not registered under the Securities Act.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

There have been no defaults in any material payments during the covered period.

ITEM 4.

MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5.

OTHER INFORMATION

The Company does not have any other material information to report with respect to the three month period ended June 30, 2012.

ITEM 6.

EXHIBITS AND REPORTS ON FORM 8-K

17

EXHIBIT #	DESCRIPTION
2.1	Merger between Hydro Press and Amour, dated 3/12/93*
2.2	Agreement and Plan of Merger between Amour Fiber Core [Nevada] and
2.3	American Leisure Products, dated 5/24/2004*
3.1	Article of Incorporation of Amour Fiber Core, Inc. [Washington], dated 12/22/95*
3.2	Article of Amendment for 3 to 1 forward split dated 6/9/98*
3.3	Articles of Incorporation of American Leisure Products, Inc., dated 9/2/2001*
3.4	Articles of Incorporation of Amour Fiber Core, Inc. [Florida], dated  9/15/2001*
3.5	Articles of Incorporation of Amour Fiber Core, Inc. [Nevada], dated March 2004*
3.6	Bylaws*
10	Employment Agreement with Kenneth W. McCleave, dated 10/1/2001*
10.2	Exclusive license agreement with the Amour Family Trust *
31.1	Certification of the Chief Financial Officer
31.2	Certification of the Principal Executive Officer
32	Certification pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

* These exhibits are filed as part of Form 10SB registration statement filed with the SEC on February 22, 2007 and incorporated by reference.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, theregistrant has caused this report to be signed on its behalf by the undersigned,thereto duly authorized:

Date: August 28, 2012 AMERICAN FIBER GREEN PRODUCTS, INC.

By: /s/ DANIEL L. HEFNER

Daniel L. Hefner,

President and Director

(Principal Executive Officer)

By: /s/ FRANK D. PUISSEGUR

Frank D. Puissegur,

Chief Financial Officer and

Principal Accounting Officer

19

EX-31

EXHIBIT 31.1

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES OXLEY ACT

OF 2002 AND RULE 13A-14 OF THE EXCHANGE ACT OF 1934

CERTIFICATION

I, Daniel L. Hefner, certify that:

1. I have reviewed this quarterly report on Form 10-Q of American Fiber Green Products, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects thefinancial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a - 15(f) and 15d - 15(f)) for the

registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 28, 2012 /s/ Daniel L. Hefner

Daniel L. Hefner

President and Principal Executive Officer

EX-31

EXHIBIT 31.2

CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES OXLEY ACT

OF 2002 AND RULE 13A-14 OF THE EXCHANGE ACT OF 1934

CERTIFICATION

I, Frank D. Puissegur, certify that:

1. I have reviewed this quarterly report on Form 10-Q of American Fiber Green

Products, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a - 15(f) and 15d - 15(f)) for the

registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding thereliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 28, 2012 /s/ FRANK D. PUISSEGUR

Frank D. Puissegur

Chief Financial Officer and Principal

Accounting Officer

EX-32

EXHIBIT 32.2

CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

PURSUANT TO 18 U.S. C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of American Fiber Green Products, Inc., (the "Company") on Form 10-Q for the period ended June 30,2012 filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Frank D. Puissegur, Chief Financial Officer and Principal Accounting Officer of the Company, certify, pursuant to 18 U.S. C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 28, 2012 /s/ FRANK D. PUISSEGUR

Frank D. Puissegur

Chief Financial Officer and Principal

Accounting Officer

EX-32

EXHIBIT 32.1

CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S. C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of American Fiber Green Products, Inc., (the "Company") on Form 10-Q for the period ended June 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Daniel L. Hefner, President and Principal Executive Officer of the Company, certify, pursuant to 18 U.S. C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 28, 2012 /s/ Daniel L. Hefner

Daniel L. Hefner

President and Principal Executive

Officer

XML

OTHER PAYABLES, RELATED PARTIES (Details Narrative) (USD $)	0 Months Ended			1 Months Ended	0 Months Ended			6 Months Ended
	Aug. 08, 2008	Apr. 20, 2008	Apr. 30, 2005	Apr. 22, 2005	May 12, 2004	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2012 PAC	Jun. 30, 2012 PAC 1	Jun. 30, 2012 PAC 2
Loans Payable to related party								$ 314,670	$ 214,670	$ 100,000
Interest Rate									10.00%	8.00%
Notes recievable, net	$ 5,000	$ 14,700	$ 52,452	$ 29,243	$ 6,000	$ 107,395	$ 98,405
Interest Rate	8.00%	8.00%	10.00%	10.00%	10.00%
Maturity Date	Aug. 08, 2008	Apr. 20, 2008	Apr. 30, 2005	Apr. 22, 2005	May 12, 2004
Status	default	default	default	default	default

XML

FINANCIAL STATEMENTS

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

FINANCIAL STATEMENTS

NOTE 3 - FINANCIAL STATEMENTS

In the opinion of management, all adjustments consisting only of normal recurring adjustments necessary for a fair statement of (a) the results of operations for the three and six month periods ended June, 2012 and 2011, (b) the financial position at June 30, 2012 and (c) cash flows for the six month periods ended June, 2012 and 2011, have been made.

The unaudited financial statements and notes are presented as permitted by Form 10-Q. Accordingly, certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. The accompanying financial statements and notes should be read in conjunction with the audited financial statements and notes of the Company for the fiscal year ended December 31, 2011. The results of operations for the three and six month periods ended June,30 2012 are not necessarily indicative of those to be expected for the entire year.

The accompanying consolidated financial statements include the activity of the Company and its wholly owned subsidiaries. All intercompany transactions have been eliminated in consolidation.

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

XML

GOING CONCERN

6 Months Ended

Jun. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

NOTE 2 - GOING CONCERN

The accompanying consolidated condensed financial statements have been prepared assuming the Company will continue as a going concern. The Company's continued existence is dependent upon the Company's ability to obtain additional debt and/or equity financing. The Company has incurred losses since inception and,the Company has not generated any revenues from its products. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The Company will begin construction of a plant upon funding and expects to complete the project and to begin production within the next 18 months. Although the cost of construction has not been quantified, the Company estimates the cost to be approximately $250,000 per plant unit. Management plans to raise additional funds through the sale of sub-licensing agreements, project financings or through future sales of their common stock, until such time as the Company's revenues are sufficient to meet its cost structure, and ultimately achieve profitable operations. There is no assurance that the Company will be successful in raising additional capital or achieving profitable operations. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

XML

Consolidated Balance Sheets (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 87	$ 4,057
Accounts receivable		16,994
Interest receivable, related parties	86,484	78,223
Total Current Assets	86,571	99,274
Notes recievable, net	107,395	98,405
Property and equipment, net of accumulated depreciation of ($41,447) and $37,982, respectively	18,200	21,664
TOTAL ASSETS	212,166	219,343
Current Liabilities
Accounts payable	304,117	302,642
Accrued expenses	4,550	4,550
Note payable, related party	350,056	372,826
Deferred salaries	897,858	867,298
Accrued interest payable	904,391	852,154
Subscription Payable
Convertible notes payable, related party	296,035	286,035
Total Current Liabilities	2,757,007	2,685,505
TOTAL LIABILITIES	2,757,007	2,685,505
Stockholders' Deficit
Common stock: 350,000,000 authorized; $0.001 par value,11,543,235 and 11,385,735 shares issued and outstanding	11,544	11,386
Additional paid in capital	2,514,575	2,423,383
Accumulated deficit	(5,070,960)	(4,900,931)
Total Stockholders' Deficit	(2,544,841)	(2,466,162)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 212,166	$ 219,343

XML

Consolidated Statements of Cash Flows (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (170,029)	$ (84,606)
Adjustment to reconcile Net Income to net cash provided by operations:
Depreciation and amortization	3,465	2,500
Changes in assets and liabilities:
Accounts receivable	16,994
Interest receivable, related parties	(8,262)	(7,880)
Notes receivable, net	1,010
Accounts payable	1,475	2,595
Accrued expenses
Deferred salaries	30,560	31,500
Subscription receivable
Accrued interest payable	52,237	49,796
Net Cash Used in Operating Activities	(72,550)	(6,095)
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan to PAC		6,111
Net Cash Used in Investing Activities		6,111
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments for security deposits
Advances from related parties	(22,770)
Convertible notes payable, related party
Issuance of common stock	91,350
Net Cash Provided by Financing Activities	68,580
Net increase (decrease) in cash and cash equivalents	(3,970)	16
Cash and cash equivalents, beginning of period	4,057	40
Cash and cash equivalents, end of period	87	56
Supplemental Cash Flow Information
Cash paid for interest
Cash paid for taxes

XML

COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012
Commitments and Contingencies Disclosure [Abstract]
Employment Agreement	$ 63,000
End Date	Dec. 31, 2013

XML

OTHER PAYABLES, RELATED PARTIES (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Total convertible notes payable to shareholders	$ 350,056	$ 372,826
PAC
Total convertible notes payable to shareholders	346,806
Nimble Boat Works
Total convertible notes payable to shareholders	2,335
Dan Hefner
Total convertible notes payable to shareholders	$ 915

XML

ORGANIZATION AND BUSINESS

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

ORGANIZATION AND BUSINESS

NOTE 1 - ORGANIZATION AND BUSINESS

American Fiber Green Products, Inc. (AFBG) came into existence as a result of the following transactions:

In March of 1993, William Amour founded Amour Hydro Press, Inc. (AHP) to conduct research and development to commercialize proprietary technology that would allow the Company to process waste fiberglass and resins into new commercially viable products.

In January of 1996 the Board of Directors authorized the merger of AHP with Amour Fiber Core, Inc. a Washington corporation. Each common share of Amour Hydro Press,Inc. was exchanged for 280 common shares of Amour Fiber Core, Inc. The authorized shares of Amour Fiber Core, Inc. were 5,000,000 shares. The company operated under this configuration until June 1998 when the Board of Directors approved a three for one forward split (3:1) increasing the authorized shares from 5,000,000 to 15,000,000 common shares. Amendments to the Articles of Incorporation were filed with the State of Washington. Although approved and recorded, the 3:1 forward split was not reported to the transfer agent of the Company. The resulting change in common stock was from 3,675,996 to 11,027,988 common shares issued and outstanding.

Within months of these actions, William Amour, founder and driving force behind the business was diagnosed with cancer and died in 1999. Attempts by the board to continue the operation of Amour Fiber Core, Inc. resulted in substantially more debt and ultimately the cessation of operations. The value of the company was in the exclusive rights to the proprietary technology, as well as the resources developed to source raw material and vendors and the ability to create viable products from waste material. There were 884 shareholders of record at the time of William Amour's passing and they remained committed to the success of the Company. The Company ceased operations in January 2000, however, management continued to search for investors to be able to restart production.

On September 15, 2001, after several months of discussion and negotiations, Kenneth McCleave incorporated American Leisure Products, Inc. a Florida corporation, of which he was the sole shareholder of the 100,000 issued and outstanding shares for the purpose of merger with Amour Fiber Core, Inc. The terms and conditions of said merger included Mr. McCleave's assistance in resolution of a number of problems restricting Amour. Litigation with the landlord and disgruntled note holders threatened the collapse of the Company unless amicable resolution was achieved. The terms of the merger were established and the concerns were resolved over the subsequent 24 months.

In May of 2004, following appropriate shareholder consent and board action, Amour Fiber Core, Inc.(Washington) merged with a newly formed Nevada corporation of the same name and with the same issued and outstanding shares 11,027,988. Amour Fiber Core, Inc. (Nevada) has authorized 350,000,000 common and 5,000,000 preferred shares.

On May 24, 2004, Amour Fiber Core, Inc. (Nevada) then entered into an Agreement and Plan of Merger with American Leisure Products, Inc., a Florida corporation with a total issued and outstanding 100,000 common shares. A 1:6 reverse split of the Amour Fiber Core, Inc. shares held by the AFC shareholders reduced the issued and outstanding common shares of AFC (Nevada) from 11,027,988 to 1,837,998. The merger called for each share of ALP to convert to 73.52 shares of Amour Fiber Core, Inc. (Nevada). The sole shareholder of ALP received 7,352,000 shares of Amour Fiber Core, Inc. (Nevada) in the merger (i.e. a conversion ratio of 73.52:1). Following this transaction, Amour Fiber Core, Inc. (Nevada) had 9,189,998 shares outstanding.

Following this merger and in keeping with the Shareholder Consent and subsequent board action, the name of Amour Fiber Core, Inc. (Nevada) was changed to American Fiber Green Products, Inc. American Leisure Products, Inc. (a Florida corporation) became a wholly owned subsidiary of American Fiber Green Products, Inc. The assets and opportunities of American Fiber Green Products, Inc. (f/k/a Amour Nevada and Amour Washington) were moved to a newly formed, Amour Fiber Core, Inc., (a Florida Corporation) as a wholly owned subsidiary. The resulting structure is American Fiber Green Products, Inc. (Nevada) holding 100% of the stock of American Leisure Products, Inc. (Florida) and Amour Fiber Core, Inc.(Florida).

XML

Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Statement of Financial Position [Abstract]
Common stock; par value	$ 0.001	$ 0.001
Common Stock; shares authorized	350,000,000	350,000,000
Common stock; shares issued	11,543,235	11,385,735
Common stock; shares outstanding	11,543,235	11,385,735

XML

NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Notes Payable

NOTE 8
Note payable, individual, past maturity, 8.75% interest; unsecured	$	101,500
Note payable, individual, past maturity, 14.00% interest; unsecured		30,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 10.50% interest; unsecured		100,000
Note payable, individual, past maturity, 10.50% interest; unsecured		18,000
Note payable, individual, past maturity, no interest; unsecured		15,000
Note payable, individual, past maturity, 10.00% interest; unsecured		1,535
Note payable, individual, past maturity, 16.50% interest; unsecured		7,000
Note payable, individual, past maturity, 16.50% interest; unsecured		3,000
Total convertible notes payable to shareholders	$	296,035

XML

Document and Entity Information	6 Months Ended
	Jun. 30, 2012
Document And Entity Information
Entity Registrant Name	AMERICAN FIBER GREEN PRODUCTS, INC.
Entity Central Index Key	0001009925
Document Type	10-Q
Document Period End Date	Jun. 30, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	11,543,235
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012

XML

OTHER PAYABLES, RELATED PARTIES (Tables)

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Related Party

NOTE 9
Due to PAC	$	346,806
Due to Nimble Boat Works		2,335
Due to Dan Hefner		915
Total convertible notes payable to shareholders	$	350,056

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Consolidated Statements of Operation (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Income Statement [Abstract]
Revenues	$ 24,000		$ 55,000
Operating Expenses
Marketing and sales
Compensation
Professional
General and administrative	39,958	18,670	177,954	42,661
Total operating expenses	39,958	18,670	177,954	42,661
Net loss from operations	(15,958)	(18,670)	(122,954)	(42,661)
Other income (expense)
Interest expense	(29,532)	(25,235)	(55,336)	(49,824)
Interest Income	4,178	3,987	8,261	7,879
Income taxes
Net loss	$ (41,312)	$ (39,918)	$ (170,029)	$ (84,606)
BASIC AND DILUTED LOSS PER SHARE	$ 0.00	$ 0.00	$ (0.01)	$ (0.01)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	11,543,235	11,385,735	11,543,235	11,385,735

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

The Company is currently operating in a facility leased and operated by Tampa Fiberglass Inc. (TFI). TFI is owned by Ken McCleave, Chairman of AFGP. No occupancy cost has been charged to AFGP by TFI as of June 30, 2012. There is no assurance that this favorable treatment will continue in the future if AFGP begins to facilitate operations at that site.

The above related party transactions are not necessarily indicative of the terms and amounts that would have been incurred had comparable agreements been made with independent parties.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 5 - COMMITMENTS AND CONTINGENCIES

The Company entered into an employment agreement with a key employee. The employment agreement is for a period of three years, with prescribed percentage increases beginning in 2007 and can be cancelled upon a written notice by either employee or employer (if certain employee acts of misconduct are committed). The total annual payment under the employment agreement was $63,000 for 2009. This agreement has been extended through the year 2013 in the same amount.

The Company anticipates that it will enter into employment contracts with two other key employees in 2012 under similar terms and conditions. Specifics will be determined by the Compensation Committee and approved by the Board of Directors.

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NOTES PAYABLE (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Convertible notes payable, related party	$ 296,035	$ 286,035
Note Payable 1
Convertible notes payable, related party	101,500
Interest Rate	8.75%
Note Payable 2
Convertible notes payable, related party	30,000
Interest Rate	14.00%
Note Payable 3
Convertible notes payable, related party	10,000
Interest Rate	14.00%
Note Payable 4
Convertible notes payable, related party	10,000
Interest Rate	14.00%
Note Payable 5
Convertible notes payable, related party	100,000
Interest Rate	10.50%
Note Payable 6
Convertible notes payable, related party	18,000
Interest Rate	10.50%
Note Payable 7
Convertible notes payable, related party	15,000
Interest Rate	0.00%
Note Payable 8
Convertible notes payable, related party	1,535
Interest Rate	10.00%
Note Payable 9
Convertible notes payable, related party	7,000
Interest Rate	16.50%
Note Payable 10
Convertible notes payable, related party	$ 3,000
Interest Rate	16.50%

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ORGANIZATION AND BUSINESS (Details Narrative)			0 Months Ended	1 Months Ended			1 Months Ended	0 Months Ended	1 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Jul. 02, 1998 Amour Fiber Core	Jun. 30, 1998 Amour Fiber Core	Jan. 31, 1996 Amour Fiber Core	Dec. 31, 1999 Amour Fiber Core	May 24, 2004 American Leisure	Sep. 15, 2001 American Leisure	May 24, 2004 Amour Fiber Core Nevada	May 24, 2004 Amour Fiber Core Nevada
Common Shares for Mergers					280			100,000	100,000
Temporary Shares, Authorized			3,675,996		5,000,000
Forward Stock Split				3:1
Common Stock, Issued After Forward Split			11,027,988	15,000,000			7,352,000
Conversion Ratio							73.52
Reverse Stock Split									1:6
Common Stock, Issued After Reverse Split									1,837,998
Common Stock, Authorized	350,000,000	350,000,000								350,000,000
Preferred Stock, Authorized										5,000,000
Common Shares, Outstanding									9,189,998
Number of Shareholders						884

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OTHER PAYABLES, RELATED PARTIES

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

OTHER PAYABLES, RELATED PARTIES

NOTE 9 - OTHER PAYABLES, RELATED PARTIES

Long-term payables are due to PAC (Public Acquisition Company - a wholly owned business of Kenneth McCleave), Nimble Boat Works (a wholly owned business of Kenneth McCleave), Daniel L. Hefner (President and Chief Operating Officer of AFBG) for cash advances made to AFBG.

NOTE 9
Due to PAC	$	346,806
Due to Nimble Boat Works		2,335
Due to Dan Hefner		915
Total convertible notes payable to shareholders	$	350,056

Company loans payable to PAC in the amount of $314,670, included above, bearinterest ($214,670 at 10% pa and $100,000 at 8% pa.) These loans were primarily associated with the acquisition of Amour Fiber Core.

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DEFERRED WAGES

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

DEFERRED WAGES

NOTE 7 - DEFERRED WAGES

The Company has accrued salaries owed to four individuals. Only one of the four employees is covered by an employment agreement, see Note 5. The amounts due are fixed without any interest or other escalating cost and the Company does not expect to make any payments on these deferred wages during the next twelve months, and therefore the balances are classified as non-current.

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NOTES PAYABLE

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

NOTES PAYABLE

NOTE 8 - NOTES PAYABLE

Notes payable at June 30, 2012 consist of the following:

NOTE 8
Note payable, individual, past maturity, 8.75% interest; unsecured	$	101,500
Note payable, individual, past maturity, 14.00% interest; unsecured		30,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 14.00% interest; unsecured		10,000
Note payable, individual, past maturity, 10.50% interest; unsecured		100,000
Note payable, individual, past maturity, 10.50% interest; unsecured		18,000
Note payable, individual, past maturity, no interest; unsecured		15,000
Note payable, individual, past maturity, 10.00% interest; unsecured		1,535
Note payable, individual, past maturity, 16.50% interest; unsecured		7,000
Note payable, individual, past maturity, 16.50% interest; unsecured		3,000
Total convertible notes payable to shareholders	$	296,035

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NOTES RECEIVABLE (Tables)

6 Months Ended

Jun. 30, 2012

Receivables [Abstract]

Notes Receivable

NOTE 4
Note receivable, related party, 10% interest, due May 12, 2004 (past maturity)	$	6,000
Note receivable, related party, 10% interest, due April 30, 2005 (past maturity)		52,452
Note receivable, related party, 10% interest, due April 22, 2005 (past maturity)		29,243
Note receivable, related party, 8% interest, due April 20, 2008 (past maturity)		14,700
Note receivable, unrelated party, 8% interest, due August 8, 2008 (past maturity)		5,000
	$	107,395

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NOTES RECEIVABLE (Details) (USD $)	0 Months Ended			1 Months Ended	0 Months Ended
	Aug. 08, 2008	Apr. 20, 2008	Apr. 30, 2005	Apr. 22, 2005	May 12, 2004	Jun. 30, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable, Net, Current [Abstract]
Notes recievable, net	$ 5,000	$ 14,700	$ 52,452	$ 29,243	$ 6,000	$ 107,395	$ 98,405
Interest Rate	8.00%	8.00%	10.00%	10.00%	10.00%
Maturity Date	Aug. 08, 2008	Apr. 20, 2008	Apr. 30, 2005	Apr. 22, 2005	May 12, 2004
Status	default	default	default	default	default

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Consolidated Statement of Stockholders' Deficit (USD $)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2010	$ 11,386	$ 2,423,383	$ (4,767,996)	$ (2,333,227)
Beginning Balance, Shares at Dec. 31, 2010	11,385,735
Net Loss			(132,935)	(132,935)
Ending Balance, Amount at Dec. 31, 2011	11,386	2,423,383	(4,900,931)	(2,466,162)
Beginning Balance, Shares at Dec. 31, 2011	11,385,735
Common Stock Issued , shares	157,500
Common Stock Issued , amount	158	91,192		91,350
Ending Balance, Amount at Jun. 30, 2012	$ 11,544	$ 2,514,575	$ (5,070,960)	$ (2,544,841)
Ending Balance, Shares at Jun. 30, 2012	11,543,235		(170,029)	(170,029)

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NOTES RECEIVABLE

6 Months Ended

Jun. 30, 2012

Receivables [Abstract]

NOTES RECEIVABLE

NOTE 4 - NOTES RECEIVABLE

The Company has made loans to several companies, both owned by officers and stockholders of the Company and to unrelated parties. The purpose of these loans was to invest in other fiberglass manufacturing businesses in order to facilitate the development and production of fiberglass products. The Company does not expect repayment of these amounts to occur during the next 12 months.

Notes receivable are made up of the following:

NOTE 4
Note receivable, related party, 10% interest, due May 12, 2004 (past maturity)	$	6,000
Note receivable, related party, 10% interest, due April 30, 2005 (past maturity)		52,452
Note receivable, related party, 10% interest, due April 22, 2005 (past maturity)		29,243
Note receivable, related party, 8% interest, due April 20, 2008 (past maturity)		14,700
Note receivable, unrelated party, 8% interest, due August 8, 2008 (past maturity)		5,000
	$	107,395

The above related party transactions are not necessarily indicative of the terms and amounts that would have been incurred had comparable agreements been made with independent parties.

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GOING CONCERN (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2012
Going Concern Details Narrative
Cost of construction per plant	$ 250,000