10-Q/A

 FORM 10-Q/A

x  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT

Commission file number: 000-525-33

HANGOVER JOES HOLDING CORPORATION

 (Exact name of the registrant as specified in its charter)

Colorado	20-8097439
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

2 N. Cascade Avenue, Suite 1400

Colorado Springs, CO 80903

(Address of principal executive offices)

719-265-5821

Telephone number, including

Area code

ACCREDITED MEMBERS HOLDING CORPORATION 

(Former name or former address if changed since last report)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 x  No o

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

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company:

Large accelerated filer o       Accelerated filer o       Non-accelerated filer o       Smaller reporting Company x

There were 120,322,628 shares of the issuer's common stock, par value $0.001, outstanding as of August 14, 2012.

EXPLANATORY NOTE

Hangover Joe's Holding Corporation is filing this Amendment No. 1 to its Quarterly Report on Form 10-Q for the period ended June 30, 2012, filed with the Securities and Exchange Commission on August 14, 2012 (the “Form 10-Q”), for the sole purpose to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T. Exhibit 101 to this report provides the consolidated financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

No other changes have been made to the Form 10-Q. This Form 10-Q/A speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date and does not modify or update in any way disclosures made in the Form 10-Q.

Pursuant to Rule 406T of Regulation S–T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise are not subject to liability under those sections.

Item 6. EXHIBITS

Exhibit No.	Title
3.1.1	Articles of Incorporation. Incorporated by reference from Form SB-2 Registration Statement, January 29, 2007.
3.1.2	Amendment to Articles of Incorporation. Incorporated by reference from Form 10-Q for the quarter ended March 31, 2010 and filed on May 17, 2010.
3.1.3	Amendment to the Articles of Incorporation.  Incorporated by reference from Form 8-K dated December 15, 2010, and filed on December 20, 2010.
3.1.4 *	Amendment to the Articles of Incorporation.
3.1.5 *	Amendment to the Articles of Incorporation.
3.2	Bylaws. Incorporated by reference from Form 8-K dated October 19, 2010, and filed on October 25, 2010.
31.1 *	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Michael Jaynes, Chief Executive Officer).
31.2 *	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (J.W. Roth, Chief Financial Officer).
32.1 *	Certification Pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Michael Jaynes, Chief Executive Officer).
32.2 *	Certification Pursuant to 18 U.S.C. §1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (J.W. Roth, Chief Financial Officer).
101	Interactive Data Files Pursuant to Rule 405 of Regulation S-T.  Filed herewith

* Previously filed on Form 10-Q for the period ended June 30, 2012 and filed on August 14, 2012.

In accordance with the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on our behalf by the undersigned, thereunto duly authorized.

	HANGOVER JOE’S HOLDING CORPORATION
Date:  August 17, 2012	By:	/s/  J.W. Roth
		Chief Financial Officer
Date:  August 17, 2012	By:	/s/ Michael Jaynes
		Chief Executive Officer

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INCOME TAXES (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
INCOME TAXES [Abstract]
Expected income tax benefit	$ (8,100)	$ 217,700	$ 44,900	$ 337,800
Income tax benefit from continuing operations	$ 0	$ 0	$ 0	$ 0

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SUBSEQUENT EVENTS (PROFORMA STATEMENT OF OPERATIONS) (Details) (USD $)	3 Months Ended		6 Months Ended				12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012		Jun. 30, 2011		Dec. 31, 2011
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales	$ 467,172	$ 420,965	$ 913,102		$ 1,016,466
Cost of goods sold	224,745	270,586	449,418		526,011
Gross profit	242,427	150,379	463,684		490,455
Operating expenses:
General and administrative	202,201	529,910	432,421		1,133,293
Selling and marketing	18,030	462,430	132,397		745,572
Total operating expenses	220,231	992,340	564,818		1,878,865
Operating income (loss)	22,196	(841,961)	(101,134)		(1,388,410)
Interest expense:
Related parties	(6,536)	(3,627)	(13,291)		(6,127)
Other	(28,364)	(6,029)	(58,088)		(8,529)
Gain on derivative liability		348,162			509,962
Gain (loss) on value of derivative warrants	(2,353)	(1,685)	(19)		17,393
Impairment of marketable securities		(142,650)			(142,650)
Gain on sale of marketable securities	37,847	7,469	37,847		22,470
Other income, net	1,215	7	2,432		2,464
Total other income (expenses)	1,809	201,647	(31,119)		394,983
Net income (loss)	24,005	(640,314)	(132,253)		(993,427)
Net income (loss) attributable to noncontrolling interest	35	(4,957)	(402)		(5,547)
Net income (loss) attributable to AMHC	23,970	(635,357)	(131,851)		(987,880)		(256,700)
Net loss per share-basic and diluted		$ (0.02)			$ (0.03)
Weighted average number of common shares outstanding - basic and diluted	35,824,853	32,835,090	35,135,691		32,443,318
Hangover Joe's Holding Corp. [Member]
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales			913,102		1,016,466
Cost of goods sold			449,418		526,011
Gross profit			463,684		490,455
Operating expenses:
General and administrative			432,421		1,133,293
Selling and marketing			132,397		745,572
Impairment of assets
Total operating expenses			564,818		1,878,865
Operating income (loss)			(101,134)		(1,388,410)
Interest expense:
Related parties			(13,291)		(6,127)
Other			(58,088)		(8,529)
Gain on derivative liability					509,962
Gain (loss) on value of derivative warrants			(19)		17,393
Impairment of marketable securities					(142,650)
Gain on sale of marketable securities			37,847		22,470
Other income, net			2,432		2,464
Total other income (expenses)			(31,119)		394,983
Net income (loss)			(132,253)		(993,427)
Net income (loss) attributable to noncontrolling interest			(402)		(5,547)
Net income (loss) attributable to AMHC			(131,851)		(987,880)
Net loss per share-basic and diluted					$ (0.03)
Weighted average number of common shares outstanding - basic and diluted			35,135,691		32,443,318
Consolidating Company [Member]
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales			350,374		43,467
Cost of goods sold			293,217		59,801
Gross profit			57,157		(16,334)
Operating expenses:
General and administrative			423,537		30,224
Selling and marketing			184,354		2,250
Impairment of assets
Total operating expenses			607,891		32,474
Operating income (loss)			(550,734)		(48,808)
Interest expense:
Related parties
Other			(223)
Gain on derivative liability
Gain (loss) on value of derivative warrants
Impairment of marketable securities
Gain on sale of marketable securities
Other income, net
Total other income (expenses)			(223)
Net income (loss)			(550,957)		(48,808)		(256,700)
Net income (loss) attributable to noncontrolling interest
Net income (loss) attributable to AMHC			(550,957)		(48,808)
Total [Member]
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales			1,263,476		1,059,933
Cost of goods sold			742,635		585,812
Gross profit			520,841		474,121
Operating expenses:
General and administrative			855,958		1,163,517
Selling and marketing			316,751		747,822
Impairment of assets
Total operating expenses			1,172,709		1,911,339
Operating income (loss)			(651,868)		(1,437,218)
Interest expense:
Related parties			(13,291)		(6,127)
Other			(58,311)		(8,529)
Gain on derivative liability					509,962
Gain (loss) on value of derivative warrants			(19)		17,393
Impairment of marketable securities					(142,650)
Gain on sale of marketable securities			37,847		22,470
Other income, net			2,432		2,464
Total other income (expenses)			(31,342)		394,983
Net income (loss)			(683,210)		(1,042,235)
Net income (loss) attributable to noncontrolling interest			(402)		(5,547)
Net income (loss) attributable to AMHC			(682,808)		(1,036,688)
Scenario, Adjustment [Member]
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales			(913,102)	[1]	(1,016,466)	[1]
Cost of goods sold			(449,418)	[1]	(526,011)	[1]
Gross profit			(463,684)		(490,455)
Operating expenses:
General and administrative			(432,421)	[1]	(1,133,293)	[1]
Selling and marketing			(132,397)	[1]	(745,572)	[1]
Impairment of assets						[1]
Total operating expenses			(564,818)	[1]	(1,878,865)
Operating income (loss)			101,134		1,388,410
Interest expense:
Related parties			13,291		6,127	[1]
Other			58,088	[1]	8,529	[1]
Gain on derivative liability					(509,962)	[1]
Gain (loss) on value of derivative warrants			19	[1]	(17,393)	[1]
Impairment of marketable securities					142,650	[1]
Gain on sale of marketable securities			(37,847)	[1]	(22,470)	[1]
Other income, net			(2,432)	[1]	(2,464)	[1]
Total other income (expenses)			31,119	[1]	(394,983)
Net income (loss)			132,253	[1]	993,427
Net income (loss) attributable to noncontrolling interest			402	[1]	5,547	[1]
Net income (loss) attributable to AMHC			131,851	[1]	987,880	[1]
Weighted average number of common shares outstanding - basic and diluted			78,205,248	[1]	72,212,547	[1]
Proforma Total [Member]
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
Net sales			350,374		43,467
Cost of goods sold			293,217		59,801
Gross profit			57,157		(16,334)
Operating expenses:
General and administrative			423,537		30,224
Selling and marketing			184,354		2,250
Impairment of assets
Total operating expenses			607,891		32,474
Operating income (loss)			(550,734)		(48,808)
Interest expense:
Related parties
Other			(223)
Gain on derivative liability
Gain (loss) on value of derivative warrants
Impairment of marketable securities
Gain on sale of marketable securities
Other income, net
Total other income (expenses)			(223)
Net income (loss)			(550,957)		(48,808)
Net income (loss) attributable to noncontrolling interest
Net income (loss) attributable to AMHC			$ (550,957)		$ (48,808)
Weighted average number of common shares outstanding - basic and diluted			113,340,939		104,655,865

[1] This entry is to reflect that AMHC issued of a total number of common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ. This entry also reflects the sale to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries, which represents substantially all of the operations of the Company prior to the acquisition of HOJ, being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Because all of the operating businesses of AMHC were sold within five business days after the closing of the HOJ acquisition, the transaction was accounted for as a recapitalization of HOJ. The number of shares issued in the accompanying unaudited pro forma financial statements of operations is calculated at the beginning of each of the periods presented to reflect that HOJ shareholders received approximately 69% of the combined entity's shares. The actual number of shares issued at the closing of this transaction (83,514,807 shares), were based on the number of AMHC shares outstanding at that date and is different than the number of shares utilized in the pro forma calculations.

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SUBSEQUENT EVENTS (Narrative) (Details) (USD $)	0 Months Ended
	Jul. 25, 2012	Jul. 27, 2012
SUBSEQUENT EVENTS [Abstract]
HOJ shareholders new ownership percentage in company after merger and reorganization		69.00%
Existing shareholders new ownership percentage in company after merger and reorganization		31.00%
Number of shares issued for business acquisition	83,514,827
Cash paid for acquired company		$ 10,000

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INTANGIBLE ASSET (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011
INTANGIBLE ASSET [Abstract]
Intangible asset	$ 12,500	$ 12,500

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EQUITY (Tables)

6 Months Ended

Jun. 30, 2012

EQUITY [Abstract]

Schedule of Stock Option Activity

						Weighted
				Weighted		average
	Shares			average		remaining	Aggregate
	under			exercise		contractual	intrinsic
	option			price		life	value
Outstanding at January 1, 2012		2,087,070		$	0.42
Granted		-		$	-
Exercised		-		$	-
Forfeited/cancelled		(250,000	)	$	0.26
Outstanding at June 30, 2012		1,837,070		$	0.36	1.67	-
Exercisable at June 30, 2012		1,328,032		$	0.43	0.73	-

Schedule of Nonvested Share Activity

				Weighted
				average
	Number of			grant date
	options			fair value
Non-vested options outstanding at January 1, 2012		603,217		$	0.43
Granted		-		$	-
Vested		(42,096	)	$	0.22
Forfeited/cancelled		(52,083	)	$	0.27
Non-vested options outstanding at June 30, 2012		509,038		$	0.07

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EQUITY (Schedule of Stock Option Activity) (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance, beginning	2,087,070
Granted		892,500
Exercised
Forfeited/cancelled	(250,000)
Balance, ending	1,837,070	2,087,070
Options exercisable	1,328,032
Weighted average exercise price, beginning price	$ 0.42
Weighted average exercise price, granted
Weighted average exercise price, exercised
Weighted average exercise price, forfeited/cancelled	$ 0.26
Weighted average exercise price, ending price	$ 0.36	$ 0.42
Weighted average exercise price, exercisable price per share	$ 0.43
Weighted average remaining contractual life (in years)	1.67
Weighted average remaining contractual term of stock options exercisable (in years)	0.73
Aggregate intrinsic value of stock options outstanding
Aggregate intrinsic value of stock options exercisable
Nonvested Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance, beginning	603,217
Granted
Vested	(42,096)
Forfeited/cancelled	(52,083)
Balance, ending	509,038
Weighted average grant date fair value, beginning price	$ 0.43
Weighted average grant date fair value, granted
Weighted average grant date fair value, vested	$ 0.22
Weighted average grant date fair value, forfeited/cancelled	$ 0.27
Weighted average grant date fair value, ending price	$ 0.07

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NOTES PAYABLE (Details) (USD $)	1 Months Ended	6 Months Ended			1 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended
	Apr. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012 Convertible Notes [Member]	Oct. 31, 2011 Promissory Notes [Member]	Apr. 30, 2011 Promissory Notes [Member]	Jun. 30, 2012 Promissory Notes [Member]	Jun. 30, 2012 Promissory Notes [Member]	Dec. 31, 2011 Promissory Notes [Member]	Oct. 03, 2011 Promissory Notes [Member]	Mar. 31, 2011 Promissory Notes [Member]	Jun. 30, 2012 Promissory Notes [Member] Marketable Securities [Member]	Jun. 30, 2012 Promissory Notes [Member] Cost-method Investments [Member]	Jun. 30, 2012 Promissory Notes [Member] Warrants [Member]
Debt Instrument [Line Items]
Face amount of debt instrument				$ 200,000							$ 25,000
Maturity date					Oct. 03, 2014	Apr. 15, 2014
Interest rate				10.00%						12.00%	12.00%
Conversion price per share				$ 0.3
Percentage rate of original principal amount of promissory note owed to lenders											10.00%
Alternative conversion price per share				0.6
Proceeds from issuance of secured promissory notes								10,000	770,000
Percentage rate of additional principal and interest owed from the sale of secured promissory notes	10.00%
Sale of investment securities		138,230	70,306				127,970
Securities held as collateral							701,923	701,923				294,403	399,672	7,848
The remaining principal balance on promissory notes							642,030	642,030
The maximum value of new debt instruments being offered										$ 250,000
Purchase price per share of common stock offered for each warrant held by subscribers of secured promissory notes										$ 0.4

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SUBSEQUENT EVENTS (PROFORMA BALANCE SHEET) (Details) (USD $)	Jun. 30, 2012		Dec. 31, 2011
Current assets:
Cash	$ 152,038		$ 320,971
Accounts receivable, net	142,861		35,423
Related party receivable	65,500		67,083
Prepaid expenses and other	59,318		70,570
Investment in marketable securities	73,462		113,631
Investment in debt securities	30,000		30,000
Total current assets	523,179		637,678
Property and equipment, net	116,068		147,629
Intangible asset	12,500		12,500
Cost investments	609,672		609,672
Investment in marketable securities	294,403		496,530
Investment in debt securities	25,000		25,000
Investments in warrant, including related party	38,490		99,501
Deposits and other assets	6,294		6,294
Total noncurrent assets	1,102,427		1,397,126
Total assets	1,625,606		2,034,804
Current liabilities:
Accounts payable	508,266		497,570
Related party payable	25,000		25,000
Accrued expenses	155,666		99,032
Deferred revenue	304,031		349,006
Total current liabilities	992,963		970,608
Notes payable:
Related parties	188,158		196,655
Other	619,905		712,214
Deferred rent liability	23,107		24,523
Derivative liability	77,000		77,000
Total noncurrent liabilities	908,170		1,010,392
Total liabilities	1,901,133		1,981,000
Equity (Deficit)
Preferred stock	321,081		1,386,983
Common stock	36,807		34,446
Additional paid-in capital	7,099,772		6,014,763
Other comprehensive income	56,002		274,548
Accumulated deficit	(7,701,612)		(7,569,761)
Total AMHC shareholders' equity (deficit)	(187,950)		140,979
Noncontrolling interest	(87,577)		(87,175)
Total equity (deficit)	(275,527)		53,804
Total liabilities and equity (deficit)	1,625,606		2,034,804
Hangover Joe's Holding Corp. [Member]
Current assets:
Cash	152,038
Adjustment to cash
Accounts receivable, net	142,861
Inventories
Related party receivable	65,500
Prepaid expenses and other	59,318
Investment in marketable securities	73,462
Investment in debt securities	30,000
Total current assets	523,179
Property and equipment, net	116,068
Intangible asset	12,500
Cost investments	609,672
Investment in marketable securities	294,403
Investment in debt securities	25,000
Investments in warrant, including related party	38,490
Deposits and other assets	6,294
Total noncurrent assets	1,102,427
Total assets	1,625,606
Current liabilities:
Accounts payable	508,266
Related party payable	25,000
Accrued expenses	155,666
Advances payable, related parties
Deferred revenue	304,031
Total current liabilities	992,963
Notes payable:
Related parties	188,158
Other	619,905
Deferred rent liability	23,107
Derivative liability	77,000
Total noncurrent liabilities	908,170
Total liabilities	1,901,133
Equity (Deficit)
Preferred stock	321,081
Common stock	36,808
Contributed capital
Additional paid-in capital	7,099,771
Other comprehensive income	56,002
Accumulated deficit	(7,701,612)
Total AMHC shareholders' equity (deficit)	(187,950)
Noncontrolling interest	(87,577)
Total equity (deficit)	(275,527)
Total liabilities and equity (deficit)	1,625,606
Hangover Joe's, Inc. [Member]
Current assets:
Cash	79,775
Adjustment to cash
Accounts receivable, net	118,400
Inventories	19,823
Related party receivable
Prepaid expenses and other	24,183
Investment in marketable securities
Investment in debt securities
Total current assets	242,181
Property and equipment, net	2,407
Intangible asset
Cost investments
Investment in marketable securities
Investment in debt securities
Investments in warrant, including related party
Deposits and other assets
Total noncurrent assets	2,407
Total assets	244,588
Current liabilities:
Accounts payable	191,580
Related party payable
Accrued expenses	112,930
Advances payable, related parties	89,422
Deferred revenue
Total current liabilities	393,932
Notes payable:
Related parties
Other
Deferred rent liability
Derivative liability
Total noncurrent liabilities
Total liabilities	393,932
Equity (Deficit)
Preferred stock
Common stock	264
Contributed capital	719,842
Additional paid-in capital
Other comprehensive income
Accumulated deficit	(869,450)		318,500
Total AMHC shareholders' equity (deficit)	(149,344)
Noncontrolling interest
Total equity (deficit)	(149,344)
Total liabilities and equity (deficit)	244,588
Proforma Adjustments [Member]
Current assets:
Cash	(152,038)	[1]
Adjustment to cash	10,000	[2]
Accounts receivable, net	(142,861)	[1]
Inventories		[1]
Related party receivable	(65,500)	[1]
Prepaid expenses and other	(59,318)	[1]
Investment in marketable securities	(73,462)	[1]
Investment in debt securities	(30,000)	[1]
Total current assets	(513,179)
Property and equipment, net	(116,068)	[1]
Intangible asset	(12,500)	[1]
Cost investments	(609,672)	[1]
Investment in marketable securities	(294,403)	[1]
Investment in debt securities	(25,000)	[1]
Investments in warrant, including related party	(38,490)	[1]
Deposits and other assets	(6,294)	[1]
Total noncurrent assets	(1,102,427)
Total assets	(1,615,606)
Current liabilities:
Accounts payable	(508,266)	[1]
Related party payable	(25,000)	[1]
Accrued expenses	(155,666)	[1]
Advances payable, related parties
Deferred revenue	(304,031)	[1]
Total current liabilities	(992,963)
Notes payable:
Related parties	(188,158)	[1]
Other	(619,905)	[1]
Deferred rent liability	(23,107)	[1]
Derivative liability	(77,000)	[1]
Total noncurrent liabilities	(908,170)
Total liabilities	(1,901,133)
Equity (Deficit)
Preferred stock	(321,081)	[1]
Common stock	(36,808)	[1]
Contributed capital	10,000	[2]
Additional paid-in capital	(7,099,771)	[1]
Other comprehensive income	(56,002)	[1]
Accumulated deficit	7,701,612	[1]
Total AMHC shareholders' equity (deficit)	197,950
Noncontrolling interest	87,577
Total equity (deficit)	285,527
Total liabilities and equity (deficit)	(1,615,606)
Proforma Total [Member]
Current assets:
Cash	79,775
Adjustment to cash	10,000
Accounts receivable, net	118,400
Inventories	19,823
Related party receivable
Prepaid expenses and other	24,183
Investment in marketable securities
Investment in debt securities
Total current assets	252,181
Property and equipment, net	2,407
Intangible asset
Cost investments
Investment in marketable securities
Investment in debt securities
Investments in warrant, including related party
Deposits and other assets
Total noncurrent assets	2,407
Total assets	254,588
Current liabilities:
Accounts payable	191,580
Related party payable
Accrued expenses	112,930
Advances payable, related parties	89,422
Deferred revenue
Total current liabilities	393,932
Notes payable:
Related parties
Other
Deferred rent liability
Derivative liability
Total noncurrent liabilities
Total liabilities	393,932
Equity (Deficit)
Preferred stock
Common stock	264
Contributed capital	729,842
Additional paid-in capital
Other comprehensive income
Accumulated deficit	(869,450)
Total AMHC shareholders' equity (deficit)	(139,344)
Noncontrolling interest
Total equity (deficit)	(139,344)
Total liabilities and equity (deficit)	$ 254,588

[1] This entry is to reflect that AMHC issued of a total number of common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ. This entry also reflects the sale to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries, which represents substantially all of the operations of the Company prior to the acquisition of HOJ, being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Because all of the operating businesses of AMHC were sold within five business days after the closing of the HOJ acquisition, the transaction was accounted for as a recapitalization of HOJ. The number of shares issued in the accompanying unaudited pro forma financial statements of operations is calculated at the beginning of each of the periods presented to reflect that HOJ shareholders received approximately 69% of the combined entity's shares. The actual number of shares issued at the closing of this transaction (83,514,807 shares), were based on the number of AMHC shares outstanding at that date and is different than the number of shares utilized in the pro forma calculations.

[2] This entry reflects that the Buyer paid $10,000 and assumed all liabilities related to the subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company.

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PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 30, 2012

PROPERTY AND EQUIPMENT [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 - PROPERTY AND EQUIPMENT

As of June 30, 2012 and December 31, 2011, property and equipment consists of the following:

	June 30,			December 31,
	2012			2011
Website development	$	229,566		$	229,566
Furniture and fixtures		25,265			25,265
Equipment		30,024			30,024
		284,855			284,855
Less accumulated depreciation and amortization		(168,787	)		(137,226	)
	$	116,068		$	147,629

Depreciation and amortization expense on property and equipment for the three and six months ended June 30, 2012 and 2011 was $15,780, $31,560, $27,500 and $54,500, respectively.

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WWPP SALE OF COMMON STOCK AND NONCONTROLLING INTEREST (Details) (USD $)	1 Months Ended	9 Months Ended
	Mar. 31, 2011	Sep. 30, 2011	Jun. 30, 2012	Dec. 31, 2011
Subsidiary, Sale of Stock [Line Items]
Common stock, shares outstanding			36,807,801	34,446,531
World Wide Premium Packers, Inc. [Member]
Subsidiary, Sale of Stock [Line Items]
Number of shares sold to accredited investors		120,000
The maximum number of shares offered in sale to accredited investors	1,500,000
Consideration received from sale of stock		$ 120,000
Percentage of ownership by non-controlling owers subsequent to sale of shares			4.00%	4.00%
Common stock, shares outstanding			3,120,000	3,120,000
Accredited Members Holding Corporation [Member]
Subsidiary, Sale of Stock [Line Items]
The number of shares of non-controlling interest stock owned by parent			3,000,000	3,000,000
Percentage of parent ownership prior to sale of shares		100.00%
Percentage of parent ownership subsequent to sale of shares		96.00%

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SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
Significant Accounting Policies Line Items
Allowance for doubtful accounts	$ 11,000		$ 11,000		$ 56,900
Third-party advertising slots expense	3,750	38,725
Revenue recognized from expired gift cards	0		7,000
Accrued gift card liability	0		0
Common stock options and warrants and shares underlying convertible debt and preferred stock excluded from calculation of diluted net loss per share calculation due to being antidilutive			5,835,747	8,943,694
Advertising expense	$ 1,300	$ 378,200	$ 94,970	$ 590,600
Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Number of customers representing more than 10% of trade accounts receivable	4		4		5
Concentration risk, percentage	47.00%		47.00%		91.00%
Related Party Receivables [Member]
Significant Accounting Policies Line Items
Number of customers representing more than 10% of trade accounts receivable	2		2		2
Concentration risk, percentage	100.00%		100.00%		100.00%
Net Revenue [Member]
Significant Accounting Policies Line Items
Number of customers representing more than 10% of trade accounts receivable					0
Number of customers representing more than 10% of total revenue	1	1	1	1
Concentration risk, percentage	24.00%	18.00%	24.00%	15.00%
Major Customer One [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	14.00%		14.00%		29.00%
Major Customer One [Member] | Related Party Receivables [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	77.00%		77.00%		52.00%
Major Customer Two [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	12.00%		12.00%		23.00%
Major Customer Two [Member] | Related Party Receivables [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	23.00%		23.00%		40.00%
Major Customer Three [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	11.00%		11.00%		17.00%
Major Customer Four [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage	10.00%		10.00%		11.00%
Major Customer Five [Member] | Trade Accounts Receivable [Member]
Significant Accounting Policies Line Items
Concentration risk, percentage					11.00%

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ORGANIZATION AND MANAGEMENT'S PLANS (Details) (USD $)	3 Months Ended		6 Months Ended				1 Months Ended	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Jul. 27, 2012	Dec. 31, 2011	Jul. 25, 2012 Consolidating Company [Member]	May 31, 2012 Consolidating Company [Member]	Jun. 30, 2012 Consolidating Company [Member]	Jun. 30, 2011 Consolidating Company [Member]	Dec. 31, 2011 Consolidating Company [Member]	Jun. 14, 2012 Consolidating Company [Member]	Mar. 14, 2012 Consolidating Company [Member]
Existing shareholders new ownership percentage in company after merger and reorganization					31.00%
Market capitalization, size	$ 300,000,000		$ 300,000,000
HOJ shareholders new ownership percentage in company after merger and reorganization					69.00%
Cash paid for acquired company					10,000
Net loss (income)	24,005	(640,314)	(132,253)	(993,427)					(550,957)	(48,808)	(256,700)
Common stock offering, value												500,000	1,500,000
Working capital deficiency	(469,800)		(469,800)								150,300
Common stock offering, price per share												$ 2.0	$ 1.0
Accumulated deficit	(7,701,612)		(7,701,612)			(7,569,761)			(869,450)		318,500
Proceeds from issuance of common stock				$ 757,000			$ 210,000	$ 500,000

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SEGMENT REPORTING (Reconciliation of Segment Information to Consolidated Financial Information) (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Segment Reporting Information [Line Items]
Sales	$ 260,172	$ 420,965	$ 543,461	$ 1,016,466
Sales - related party	207,000		369,641
Intercompany sales
Gross profit (loss)	242,427	150,379	463,684	490,455
Net loss (income)	24,005	(640,314)	(132,253)	(993,427)
Investment Services [Member]
Segment Reporting Information [Line Items]
Sales	260,172	352,975	536,492	731,488
Sales - related party
Intercompany sales
Gross profit (loss)	160,795	171,154	335,065	341,877
Net loss (income)	(58,327)	(708,786)	(228,523)	(1,004,156)
Management Services [Member]
Segment Reporting Information [Line Items]
Sales		50,000		250,000
Sales - related party	207,000		369,641
Intercompany sales		225,000		450,000
Gross profit (loss)	81,632	275,000	122,042	700,000
Net loss (income)	81,426	260,496	106,715	637,025
Premium Meat Products [Member]
Segment Reporting Information [Line Items]
Sales		17,990	6,969	34,978
Sales - related party
Intercompany sales
Gross profit (loss)		(70,775)	6,577	(101,422)
Net loss (income)	906	(192,024)	(10,445)	(626,296)
Eliminations [Member]
Segment Reporting Information [Line Items]
Sales
Sales - related party
Intercompany sales		(225,000)		(450,000)
Gross profit (loss)		(225,000)		(450,000)
Net loss (income)

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SIGNIFICANT ACCOUNTING POLICIES (Schedule of Financial Assets Measured at Fair Value on a Recurring Basis) (Details) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable securities	$ 367,865	$ 610,161
Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	152,038	320,971
Investment in marketable securities	367,865	610,161
Investment in debt securities
Investment in warrants
Derivative liability
Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash
Investment in marketable securities
Investment in debt securities
Investment in warrants
Derivative liability
Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash
Investment in marketable securities
Investment in debt securities	55,000	55,000
Investment in warrants	38,490	99,501
Derivative liability	$ (77,000)	$ (77,000)

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SIGNIFICANT ACCOUNTING POLICIES (Schedule of Changes in Carrying Value of Level 3 Fair Value Measurements) (Details) (USD $)	6 Months Ended
	Jun. 30, 2012
Derivative Liability [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Fair value, beginning	$ (77,000)
Receipt of warrant from a customer
Conversion of warrant to marketable securities
Change in fair value
Fair value, ending	(77,000)
Investment in Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Fair value, beginning	55,000
Receipt of warrant from a customer
Conversion of warrant to marketable securities
Change in fair value
Fair value, ending	55,000
Warrants Member
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Line Items
Fair value, beginning	99,501
Receipt of warrant from a customer	15,641
Conversion of warrant to marketable securities	(76,633)
Change in fair value	(19)
Fair value, ending	$ 38,490

XML

SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2012

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts, transactions, and profits are eliminated in consolidation.

Use of estimates:

The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant estimates are used in accounting for certain items such as investments, long-lived assets, allowance for doubtful accounts, investments in warrants, derivative liabilities, revenue recognition, and stock-based compensation. Estimates are based on historical experience, where applicable, and assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.

Accounts receivable and concentration of credit risk:

The Company is subject to credit risk through trade receivables. This credit risk is mitigated by the diversification of the Company's operations, as well as its customer base. The Company grants varying payment terms to its customers. Payment terms for valuation reports prepared and sold by the Company typically require a portion of the fee to be paid up front, and the remaining amount due upon report delivery (typically within 45 days of the up-front payment). Payment terms for memberships vary, but generally are either paid up-front, which includes a small discount, or are paid monthly over the term of the membership. The majority of the accounts receivable are generated from the Issuer Profile Contracts. These contracts are either paid in full with cash or equity-based payments or in monthly payments spread over the term of the contract. For contracts that provide for equity-based payment (such as stock) from the customer (discussed below), a receivable is recorded until the stock certificates have been received.

Four customers comprise approximately 47% of trade accounts receivable at June 30, 2012; these individual customer balances represent approximately 14%, 12%, 11%, and 10% of the total trade accounts receivable. Five customers comprise approximately 91% of the trade accounts receivable at December 31, 2011; these individual customer balances represent approximately 29%, 23%, 17%, 11%, and 11% of the total trade accounts receivable. Two customers comprise substantially all of the related party accounts receivable at June 30, 2012; these individual accounts represent approximately 77% and 23% of the total related party accounts receivable. Two customers comprise substantially all of the related party accounts receivable at December 31, 2011; these individual customer balance represent approximately 52% and 40% of the total related party accounts receivable. One individual customer accounted for 24% of net revenues for the three and six months ended June 30, 2012, respectively, while one individual customer accounted for 18% and 15% of net revenues for the three and six months ended June 30, 2011.

Ongoing credit evaluations of customers' financial condition are performed. Collateral is not required. The Company maintains an allowance when necessary for doubtful accounts that is the Company's best estimate of potentially uncollectible trade receivables. Provisions are made based upon a specific review of all significant outstanding invoices that are considered potentially uncollectible in whole or in part. For those invoices not specifically reviewed or considered uncollectible, general provisions are provided at different rates, based upon the age of the receivable, historical experience, and other currently available evidence. The allowance estimates are adjusted as additional information becomes known or as payments are made. As of June 30, 2012 and December 31, 2011, the allowance for doubtful accounts was $11,000, and $56,900, respectively.

Marketable securities:

The Company accepts equity-based payment from certain customers as consideration for services. This equity-based payment is generally from issuers for which there is a public market for their securities (or for which the Company expects there to be a public market in the near future). The Company accounts for these transactions as deferred revenue based on the fair value of the equity instrument received or the fair value of the goods or services provided. The Company recognizes revenue in a similar manner as if the Company had received cash.

All of the Company's investments in marketable securities are classified as available-for-sale. These marketable securities are stated at fair value. Any unrealized gains or losses are recorded in accumulated other comprehensive income (loss), a component of equity, until realized. Other-than-temporary declines in market value from original cost are included in operations. In determining whether an other-than-temporary decline in the market value has occurred, the Company considers the duration that, and extent to which, fair value of the investment is below its cost. Realized gains and losses are calculated based on specific identification to the individual securities involved with the resulting gains and losses included in non-operating income and expense on the statement of operations.

Cost method investments:

The Company accepts equity securities of certain customers for which there is no public market in their securities. These non-marketable equity securities, over which the Company has no ability to exercise significant influence, are accounted for under the cost method. Since there is no active trading market for these investments, they are, for the most part, illiquid. Decreases in fair value below the recorded value are recognized as losses when the decrease is determined to be an other-than-temporary impairment.

Debt securities and derivative warrants:

In 2010, the Company purchased convertible promissory notes and warrants to purchase common stock of two publicly-traded companies. The convertible promissory notes are classified as available-for-sale debt securities and were valued using a recurring market-based method which approximates fair value by using the amortized cost basis of the promissory notes, with the discount being accreted to interest income over the respective terms of the notes. One of the warrants was converted to stock during the six months ended June 30, 2012 (Note 5). In 2011, the Company purchased two convertible promissory notes in two private companies. The convertible promissory notes are accounted for as cost method investments as there is no public market in their securities and there is no active trading market for these investments.

Investments in warrants are recorded as assets and measured at their fair values. The warrants are accounted for as derivative instruments if the underlying securities are readily convertible to cash, or available for sale securities if they are not readily convertible to cash. Changes in the fair value of warrants accounted for as derivative instruments are recognized in earnings (loss), while changes in the fair value of available-for-sale warrant securities are recognized in other comprehensive income (loss).

Financial instruments:

At June 30, 2012, the carrying amounts of cash, accounts receivable and accounts payable approximate their fair values due to their short duration. Convertible notes payable to unrelated parties approximate their fair values based on current market rate information. The fair value of the derivative liability was determined using a probability-weighted discounted cash flow model. The fair value of receivables and notes payable to related parties is not practicable to estimate, due to the related party nature of the underlying transactions. The fair value of cost investments are not practicable to estimate, as quoted market prices are not available, and the Company has not yet obtained or developed a valuation model necessary to estimate fair value.

The Company values its financial assets and liabilities utilizing a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs, such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible.

The following fair value hierarchy table presents information about the Company's assets measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value.

	Fair value measurement as of
	June 30, 2012
		Level 1		Level 2		Level 3
Cash		$	152,038	$	-	$	-
Investment in marketable securities			367,865		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		38,490
Derivative liability			-		-		(77,000	)

	Fair value measurement as of
	December 31, 2011
		Level 1		Level 2		Level 3
Cash		$	320,971	$	-	$	-
Investment in marketable securities			610,161		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		99,501
Derivative liability			-		-		(77,000	)

Level 3 recurring fair value measurements represent the Company's investment in debt securities, warrants (Note 5) and the derivative liability (Note 6). The change in carrying value of the Company's level 3 fair value measurements is as follows:

	Investment		Investment
	in Debt		in			Derivative
	Securities		Warrants			Liability
Fair value at January 1, 2012	$	55,000	$	99,501		$	(77,000	)
Receipt of warrant from a customer		-		15,641			-
Conversion of warrant to marketable securities		-		(76,633	)		-
Change in fair value				(19	)		-
Fair value at June 30, 2012	$	55,000	$	38,490		$	(77,000	)

Intangible asset:

Intangible asset consists of a trademark license with Pat Boone, which has an indefinite useful life, and is not currently amortized. Authoritative guidance requires that intangible assets not subject to amortization (indefinite-lived assets) be tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test consists of a comparison of the estimated fair value of an intangible asset with its carrying amount. Significant judgments are required to estimate the fair value of intangible assets including estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in these estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates and could also affect the determination of fair value and/or impairment at future reporting dates.

Revenue recognition:

The Company recognizes revenue pursuant to SEC Staff Accounting Bulletin No. 104, Revenue Recognition, and Accounting Standards Codification (ASC) 605-25 (formerly known as Emerging Issues Task Force Issue No. (EITF) 00-21, Revenue Arrangements with Multiple Deliverables). The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sale price is fixed or determinable, and collectability is reasonably assured.

AMI membership service contracts typically consist of multiple deliverables which include web-based services over the membership term, advertising space in the Company's magazine publications, and participation in conferences and conference presentations. The Company defers the revenue associated with any undelivered elements. The amount of revenue deferred in connection with the undelivered elements is based on each element's price sold on a stand-alone basis. Revenue is recognized once products are delivered, services are provided or over the term of the contract. For valuation products that are sold to customers, such as valuation reports, revenues are recorded upon delivery and acceptance of the product to the customer. Management services revenue is recognized as services are provided, once collectability is reasonably assured. Deferred revenue represents contractual billings in excess of revenue recognized.

The Company records revenues from such sales of third-party advertising slots in accordance with Principal Agent Considerations within the Revenue Recognition Topic of the FASB Accounting Standards Codification. The Company evaluates these sales on a case-by-case basis to determine whether the transaction should be recorded gross or net, including but not limited to assessing whether or not the Company (1) acts as principal in the transaction, (2) has the risks and rewards of the transaction, such as the risk of loss for collection, and (3) acts as an agent or broker with compensation on a commission or fee basis. Accordingly, sales of third-party advertising slots are typically recorded on a net basis. Expenses of $3,750 and $38,725 were recognized for third parties for their advertising slots during the three months ended June 30, 2012 and 2011, respectively.

From November 2010 through August 17, 2011, WWPP derived revenue from the sale of premium meat products to consumers through its website, and WWPP recorded revenue upon delivery of the product to the consumer. Product returns were not significant and WWPP also sold gift cards. The liability is relieved and net revenue is recorded upon redemption by the consumer. These gift cards were to be used to purchase premium meat products, and the gift cards were expected to be redeemed within one year of issuance. With the shift in business plan in the third quarter 2011, the gift cards are not currently redeemable but may be redeemable in the future, should WWPP be able to take the business into retail space (of which there is no guaranty) before the expiration of the gift cards. WWPP recognized approximately $0 and $7,000 of revenue in the three and six months ended June 30, 2012 as a result of the expiration of gift cards. The gift card liability recorded at June 30, 2012 is $0. Management believes WWPP is not subject to applicable escheat laws as the gift cards have a specific expiration date.

Management evaluated the terms of its WWPP sales in consideration of the criteria outlined in Principal Agent Consideration with regards to its determination of gross respect to gross versus net reporting of revenue for transactions with customers. WWPP, through its website, sold premium meat and other products. In these transactions, management determined that the Company (i) acted as principal; (ii) had the risks and rewards of ownership, including the risk of loss for collection, delivery or returns; and (iii) had latitude in establishing price with the customer. For these transactions, the Company recognized revenue on a gross basis.

Stock-based compensation:

The Company accounts for stock-based compensation under ASC 718, Share-Based Payment. ASC 718 requires the recognition of the cost of services received in exchange for an award of equity instruments in the financial statements and is measured based on the grant date fair value of the award. ASC 718 also requires the stock-based compensation expense to be recognized over the period of service in exchange for the award (generally the vesting period). The Company estimates the fair value of each stock option at the grant date by using an option pricing model, typically the Black-Scholes model.

Net loss per share:

Basic net loss per share is computed by dividing the net loss applicable to common shareholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if dilutive securities were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, unless the effect of such inclusion would reduce a loss or increase earnings per share. For each of the periods presented in the accompanying consolidated financial statements, the effect of the inclusion of dilutive shares would have resulted in a decrease in loss per share. Common stock options and warrants and shares underlying convertible debt and preferred stock aggregating 5,835,747 and 8,943,694 as of June 30, 2012, and June 30, 2011, respectively, have been excluded from the calculation of diluted net loss per common share.

Advertising:

Advertising costs are charged to expense when incurred. Advertising costs for the three and six months ended June 30, 2012 and 2011, were approximately $1,300, $94,970, $378,200 and $590,600, respectively.

Recently issued and adopted accounting pronouncements:

In June 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2011-05, " Presentation of Comprehensive Income " ("ASU No. 2011-05"), which improves the comparability, consistency, and transparency of financial reporting and increases the prominence of items reported in other comprehensive income ("OCI") by eliminating the option to present components of OCI as part of the statement of changes in stockholders' equity. The amendments in this standard require that all non-owner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Subsequently in December 2011, the FASB issued Accounting Standards Update No. 2011-12, " Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income " ("ASU No. 2011-12"), which indefinitely defers the requirement in ASU No. 2011-05 to present on the face of the financial statements reclassification adjustments for items that are reclassified from OCI to net income in the statement(s) where the components of net income and the components of OCI are presented. The amendments in these standards do not change the items that must be reported in OCI, when an item of OCI must be reclassified to net income, or change the option for an entity to present components of OCI gross or net of the effect of income taxes. The amendments in ASU No. 2011-05 and ASU No. 2011-12 are effective for interim and annual periods beginning after December 15, 2011 and are to be applied retrospectively. The adoption of the provisions of ASU No. 2011-05 and ASU No. 2011-12 did not have a material impact on the presentation of the Company's consolidated statements of operations and comprehensive loss.

XML

PROPERTY AND EQUIPMENT (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Dec. 31, 2011
PROPERTY AND EQUIPMENT [Abstract]
Website development	$ 229,566		$ 229,566		$ 229,566
Furniture and fixtures	25,265		25,265		25,265
Equipment	30,024		30,024		30,024
Property and equipment, gross	284,855		284,855		284,855
Less accumulated depreciation and amortization	(168,787)		(168,787)		(137,226)
Property and equipment, net	116,068		116,068		147,629
Depreciation and amortization expense	$ 15,780	$ 27,500	$ 31,561	$ 54,519

XML

EQUITY (Narrative) (Details) (USD $)	1 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended	3 Months Ended		6 Months Ended		14 Months Ended	3 Months Ended	12 Months Ended
	Nov. 30, 2011	May 31, 2011	Jun. 30, 2012	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2011 Selling and Marketing Expense [Member]	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2011 Selling and Marketing Expense [Member]	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2012 Series A Preferred Stock [Member]	Dec. 31, 2011 Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			10,000,000	10,000,000	10,000,000						425,000	425,000
Preferred stock, par value per share			$ 0.1	$ 0.1	$ 0.1
Number of shares issued for each share of convertible preferred stock that is converted after 'Financial Milestones' are reached and before October 8, 2013 deadline											28.8
Number of shares issued for each share of convertible preferred stock that is converted after 'Financial Milestones' are reached and after October 8, 2013 deadline.											8
Number of preferred stock shares converted to common stock during period											295,993	13,334
Conversion of preferred to common stock, shares											2,361,272	106,672
Number of common shares issued during period for prepaid services					250,000
Value of common shares issued during period for prepaid services					$ 62,500
The issuance price per share for shares issued during period for prepaid services					$ 0.25
Share-based compensation recognized during the period for shares issued relating to service agreement			15,625	31,250
The number of shares allowed to be purchased under warrant granted during period	750,000	500,000
Exercise price of common shares from warrant granted during period		$ 0.3
Share-based compensation expense, amount allocated						$ 3,080	$ 7,800	$ 12,320	$ 32,300	$ 36,900

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CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash	$ 152,038	$ 320,971
Accounts receivable, net	142,861	35,423
Related party receivable, net	65,500	67,083
Prepaid expenses and other	59,318	70,570
Investment in marketable securities	73,462	113,631
Investment in debt securities	30,000	30,000
Total current assets	523,179	637,678
Property and equipment, net	116,068	147,629
Intangible asset	12,500	12,500
Cost investments	609,672	609,672
Investment in marketable securities	294,403	496,530
Investment in debt securities	25,000	25,000
Investment in warrants, including related party warrants of $30,641 at June 30, 2012 and $15,000 at December 31, 2011	38,490	99,501
Deposits and other assets	6,294	6,294
Total noncurrent assets	1,102,427	1,397,126
Total assets	1,625,606	2,034,804
Current liabilities:
Accounts payable	508,266	497,570
Related party payable	25,000	25,000
Accrued expenses	155,666	99,032
Deferred revenue	304,031	349,006
Total current liabilities	992,963	970,608
Notes payable:
Related parties	188,158	196,655
Other	619,905	712,214
Deferred rent liability	23,107	24,523
Derivative liability	77,000	77,000
Total noncurrent liabilities	908,170	1,010,392
Total liabilities	1,901,133	1,981,000
Equity (Deficit)
Preferred stock; $0.10 par value; authorized shares - 10,000,000 Series A; authorized shares - 425,000 Series A; issued and outstanding shares - 89,168 (2012) and 385,143 (2011)	321,081	1,386,983
Common stock; $0.001 par value; Authorized shares - 100,000,000 Issued and outstanding shares - 38,107,801 and 36,807,801 (2012) and 35,746,531 and 34,446,531 (2011)	36,807	34,446
Additional paid-in capital	7,099,772	6,014,763
Other comprehensive income	56,002	274,548
Accumulated deficit	(7,701,612)	(7,569,761)
Total AMHC shareholders' equity (deficit)	(187,950)	140,979
Noncontrolling interest	(87,577)	(87,175)
Total equity (deficit)	(275,527)	53,804
Total liabilities and equity (deficit)	$ 1,625,606	$ 2,034,804

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RELATED PARTY TRANSACTIONS (Details) (USD $)	1 Months Ended	6 Months Ended			1 Months Ended	3 Months Ended
	Nov. 30, 2011	Jun. 30, 2012	Dec. 31, 2011	Nov. 03, 2011	Mar. 31, 2012 Managed Service Agreement Four [Member]	Jun. 30, 2012 Managed Service Agreement Five [Member] Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Management services agreement, monthly fee					$ 27,500	$ 30,000
Number of common stock shares allowed to be purchased through warrant		12,500			1,000,000
Exercise value of shares from warrant issued in related party transaction					10,000
Related party payable		25,000	25,000
Stated interest rate on related party debt	5.00%
Value of convertible note offering in related party transaction				25,000
The number of shares received in related party transaction				25,000
The percentage of ownership in private companies to be received as additional payment under managed service agreement						5.00%
Value of warrant to purchase a 5% interest in related party company offered under management services agreement						$ 5,000

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities
Net loss	$ (132,253)	$ (993,427)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	31,561	54,519
Amortization of debt discount	17,164	1,840
Stock-based compensation expense	21,468	91,125
Gain on sale of marketable securities, net	(37,847)	(18,407)
Gain on conversion of debt security to marketable security		(5,760)
Impairment of marketable securities		142,650
Gain (loss) on value of derivative warrants	19	(14,922)
Gain on value of derivative liabilities		(509,962)
Bad debt expense	2,000	5,000
Accretion of discount on debt securities		(948)
Changes in operating assets and liabilities:
Accounts receivable, including related party	(107,855)	125,625
Prepaid expenses and other	11,252	(29,271)
Inventory		(17,046)
Accounts payable	10,696	230,805
Accrued expenses, including related party	56,634	(170,430)
Deferred revenue	(60,616)	(327,175)
Deferred rent liability	(1,416)	3,560
Net cash used in operating activities	(189,193)	(1,432,224)
Cash flows from investing activities
Purchase of debt securities		(30,000)
Sale of investment securities	138,230	70,306
Purchase of property and equipment		(11,812)
Net cash provided by investing activities	138,230	28,494
Cash flows from financing activities
Proceeds from issuance of notes payable	10,000	417,500
Repayment on principal of notes payable	(127,970)
Proceeds from issuance of common stock		757,000
Sale of subsidiary common stock		110,000
Net cash (used in) provided by financing activities	(117,970)	1,284,500
Net decrease in cash	(168,933)	(119,230)
Cash, beginning	320,971	511,626
Cash, ending	152,038	392,396
Supplemental disclosure of cash flow information
Cash paid for interest	54,076	5,545
Supplemental disclosure of non-cash investing and financing activities
Investments received in lieu of cash	15,641	142,000
Conversion of debt investments to marketable securities		19,607
Conversion of warrant to marketable securities	76,633
Conversion of preferred stock into common stock	$ 1,065,902

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INVESTMENTS (Summary of Available-For-Sale Securities) (Details) (USD $)	3 Months Ended	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
INVESTMENTS [Abstract]
Available-for-sale marketable securities, cost	$ 403,859	$ 403,859	$ 427,859
Available-for-sale marketable securities, gross unrealized gains	124,491	124,491	216,600
Available-for-sale marketable securities, gross unrealized losses	(160,485)	(160,485)	(34,298)
Available-for-sale marketable securities, fair value	367,865	367,865	610,161
Other-than-temporary impairment of marketable securities recognized		142,700
Unrealized gain (loss) from available for sale securities	(168,225)	(123,809)
Marketable securities that have been in an unrealized loss position for greater than one year	$ 0	$ 0

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SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2012

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

	Fair value measurement as of
	June 30, 2012
		Level 1		Level 2		Level 3
Cash		$	152,038	$	-	$	-
Investment in marketable securities			367,865		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		38,490
Derivative liability			-		-		(77,000	)

	Fair value measurement as of
	December 31, 2011
		Level 1		Level 2		Level 3
Cash		$	320,971	$	-	$	-
Investment in marketable securities			610,161		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		99,501
Derivative liability			-		-		(77,000	)

Schedule of Changes in Carrying Value of Level 3 Fair Value Measurements

	Investment		Investment
	in Debt		in			Derivative
	Securities		Warrants			Liability
Fair value at January 1, 2012	$	55,000	$	99,501		$	(77,000	)
Receipt of warrant from a customer		-		15,641			-
Conversion of warrant to marketable securities		-		(76,633	)		-
Change in fair value				(19	)		-
Fair value at June 30, 2012	$	55,000	$	38,490		$	(77,000	)

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DERIVATIVE LIABILITIES (Details) (USD $)	1 Months Ended
	Apr. 30, 2011	Jun. 30, 2012	Dec. 31, 2011
DERIVATIVE LIABILITIES [Abstract]
Fair value of embedded conversion feature on derivative liability		$ 0	$ 0
Percentage rate of additional principal and interest owed from the sale of secured promissory notes	10.00%
Fair value of derivative liability for the additional sum owed from the sale of secured promissory notes		$ 77,000	$ 77,000

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INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2012

INVESTMENTS [Abstract]

Summary of Available-For-Sale Securities

	As of June 30, 2012
			Gross unrealized holding					Fair
	Cost		Gains		Losses			value
Available for sale:
Marketable securities	$	403,859	$	124,491	$	(160,485	)	$	367,865

	As of December 31, 2011
			Gross unrealized holding					Fair
	Cost		Gains		Losses			value
Available for sale:
Marketable securities	$	427,859	$	216,600	$	(34,298	)	$	610,161

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ORGANIZATION AND MANAGEMENT'S PLANS

6 Months Ended

Jun. 30, 2012

ORGANIZATION AND MANAGEMENT'S PLANS [Abstract]

ORGANIZATION AND MANAGEMENT'S PLANS

NOTE 1 - ORGANIZATION, RECENT EVENTS AND MANAGEMENT'S PLANS

Organization and recent events:

Accredited Members Holding Corporation ("AMHC" or the "Company") is headquartered in Colorado Springs, Colorado. Through July 25, 2012, the Company operated through its subsidiary corporations, Accredited Members, Inc. ("AMI"), World Wide Premium Packers, Inc. ("WWPP") and AMHC Managed Services ("AMMS").

As disclosed in a Form 8-K filed with the SEC on July 30, 2012, the Company, on July 25, 2012, entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Hangover Joe's, Inc., a privately-held Colorado corporation ("HOJ"), whereby the Company would acquire HOJ in a reverse triangular merger (the "Acquisition"). On July 25, 2012, the parties closed the Acquisition and a Statement of Merger was filed and effective with the Colorado Secretary of State on that day. Upon closing the Acquisition, the Company issued 83,514,827 common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ such that the former owners of HOJ own approximately 69% of the Company (Note 14). The shareholders of the Company prior to the Acquisition now own approximately 31% of the Company. As a result of the Acquisition on July 25, 2012, the Company changed its name to Hangover Joe's Holding Corporation.

The Merger Agreement further provided that, within five business days after the closing of the Acquisition the Company would sell to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries (the "Sale"), being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Buyer is a privately-held Colorado corporation owned by the Company's two directors, JW Roth and David Lavigne. The parties closed the Sale on July 27, 2012. Buyer paid $10,000 and assumed all liabilities of the Subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company.

AMI is primarily a publisher of investment-related research and information regarding microcap companies, which it provides through various channels including its website, print media, and investment conferences. As part of its services, AMI provides an online social networking website intended for high net-worth investors (www.accreditedmembers.com), as well as certain services to corporate or issuer clients (referred to herein as "Profiles") - representing multiple types of investor-related services (including web articles, press releases and research). As a primary component of its services, AMI hosts multiple investment conferences each year that are intended for individuals and companies to identify and build relationships and build awareness of their business plans and operations. AMI also provides institutional and individual investors with proprietary research on "microcap" and "small-cap" companies (companies with a market capitalization less than $300 million), and AMI sells business valuation reports that it prepares for customers. AMI's services are generally sold in the form of customer memberships, which typically have terms of 30 days up to one year. Beginning in the second quarter 2010, AMI began providing management services to third parties, including chief financial officer functions on a fixed-contract basis. In June 2011, the Company formed AMMS. All management services projects were transferred to AMMS from AMI in connection with the formation. Beginning in the quarter ended September 30, 2011, AMMS also began providing management services to certain related party companies.

HOJ is a Colorado corporation formed on March 5, 2012. HOJ was formed for the purpose of acquiring all of the assets of both Hangover Joe's Products LLC (the "LLC") and Hangover Joe's Joint Venture (the "JV"). The LLC had conducted operations through the JV, with the owner of the LLC being the same owners and control persons of the JV. The assets consist of intellectual property relating to Hangover Joe's Recovery Shot, including but not limited to a license agreement dated July 19, 2011, between the LLC and Warner Bros. Consumer Products, Inc. The license agreement permits HOJ to use the character names, costumes, artwork logos, and other elements depicted in the 2009 movie "The Hangover" during the term of the license agreement, which expires January 31, 2013. HOJ has registered the trademark "Hangover Joe's Get Up & Go" with the United States Patent and Trademark Office. HOJ's principal product is the Hangover Joe's Recovery Shot. HOJ is actively seeking to expand the distribution of its product, the Hangover Joe's Recovery Shot, and has recently entered into distribution agreements to expand its reach to Australia, New Zealand and Canada.

The Company, through its subsidiaries described above, had three reporting segments through July 25, 2012: Investment Services and Management Services, provided through AMI and AMMS, and Premium Meat Products, provided through WWPP.

The accompanying condensed consolidated financial statements and notes thereto have been prepared in accordance with the instructions to quarterly reports on Form 10-Q. In the opinion of management, these financial statements include all adjustments (consisting of normal recurring adjustments) that the Company considers necessary to present a fair statement of its results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statement should not be regarded as necessarily indicative of results that may be expected for the entire year. Certain information and footnote data necessary for fair presentation of financial position and results of operations in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted. Therefore, it is suggested that these condensed consolidated financial statements be read in conjunction with the financial statement and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.

Management's plans:

The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company reported net income of approximately $24,000 and a net loss of approximately $132,300 for the three and six months ended June 30, 2012, has a working capital deficiency of approximately $469,800, and has an accumulated deficit of approximately $7.7 million at June 30, 2012. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

In addition, the report of the Independent Registered Public Accounting Firm on the 2011 financial statements of HOJ (which are included in a Form 8-K filed by the Company on July 30, 2012) included a going concern explanatory paragraph expressing substantial doubt about HOJ's ability to continue as a going concern. HOJ reported a net loss of approximately $256,700 for the year ended December 31, 2011, and a working capital deficiency and accumulated deficit of approximately $150,300 and $318,500, respectively, at December 31, 2011. HOJ has a limited operating history, and HOJ cannot provide any assurance it will be able to raise funds through a future issuance of debt or equity to carry out its business plan. These conditions raise substantial doubt about HOJ's ability to continue as a going concern. Management's plans for 2012 include steps to increase profitability with new distribution deals in Australia, New Zealand and Canada. In addition, on March 14, 2012, HOJ initiated a $1.5 million offering of common stock to accredited investors at $1.00 per share. Through May 2012, HOJ raised $500,000. On June 14, 2012, HOJ initiated a $500,000 offering of common stock to accredited investors at $2.00 per share. Through July 25, 2012, HOJ raised $210,000.

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CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Jun. 30, 2012	Dec. 31, 2011
Investments in related party warrants	$ 30,641	$ 15,000
Preferred stock, par value per share	$ 0.1	$ 0.1
Preferred stock, shares authorized	10,000,000	10,000,000
Common Stock, par value per share	$ 0.001	$ 0.001
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	38,107,801	35,746,531
Common stock, shares outstanding	36,807,801	34,446,531
Series A Preferred Stock [Member]
Preferred stock, shares authorized	425,000	425,000
Preferred stock, shares issued	89,168	385,143
Preferred stock, shares outstanding	89,168	385,143

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WWPP SALE OF COMMON STOCK AND NONCONTROLLING INTEREST

6 Months Ended

Jun. 30, 2012

WWPP SALE OF COMMON STOCK AND NONCONTROLLING INTEREST [Abstract]

WWPP SALE OF COMMON STOCK AND NONCONTROLLING INTEREST

NOTE 11 - WWPP SALE OF COMMON STOCK AND NONCONTROLLING INTEREST

In March 2011, WWPP initiated an offering to accredited investors for the sale of up to 1,500,000 shares of newly-issued WWPP common stock. During the nine months ended September 30, 2011, WWPP sold 120,000 shares of its common stock to third parties for cash of $120,000. As a result of WWPP's sale of its common stock, the Company's ownership interest in WWPP was reduced from 100% to approximately 96% as of September 30, 2011. The 4% interest in WWPP owned by third parties at June 30, 2012 and December 31, 2011, is presented as a non-controlling interest in the consolidated financial statements. WWPP has 3,120,000 shares outstanding as of June 30, 2012 and December 31, 2011, of which AMHC owns 3,000,000 and unrelated third parties own the non-controlling interest of 120,000 shares.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2012	Aug. 14, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2012
Entity Registrant Name	Hangover Joe's Holding Corp
Entity Central Index Key	0001388132
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2012
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		120,322,628

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SEGMENT REPORTING

6 Months Ended

Jun. 30, 2012

SEGMENT REPORTING [Abstract]

SEGMENT REPORTING

NOTE 12 - SEGMENT REPORTING

The Company's reporting segments have been determined based on the nature of the products and/or services offered to customers or the nature of their function in the organization. Management evaluates performance based on the operating income contributed by each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies included in Note 2.

The tables below summarize information about the Company's three reportable segments for the three and six months ended June 30, 2012 and 2011.

	Investment			Management		Premium
	Services			Services		Meat Products			Eliminations			Total
Three months ended June 30, 2012
Sales	$	260,172		$	-	$	-		$	-		$	260,172
Sales - related party					207,000		-			-			207,000
Intercompany sales		-			-		-			-			-
Gross profit (loss)		160,795			81,632		-			-			242,427
Net income (loss)		(58,327	)		81,426		906			-			24,005
Three months ended June 30, 2011
Sales	$	352,975		$	50,000	$	17,990		$	-		$	420,965
Intercompany sales		-			225,000		-			(225,000	)		-
Gross profit (loss)		171,154			275,000		(70,775	)		(225,000	)		150,379
Net income (loss)		(708,786	)		260,496		(192,024	)		-			(640,314	)
Six months ended June 30, 2012
Sales	$	536,492		$	-	$	6,969	*	$	-		$	543,461
Sales - related party					369,641		-			-			369,641
Intercompany sales		-			-		-			-			-
Gross profit (loss)		335,065			122,042		6,577			-			463,684
Net income (loss)		(228,523	)		106,715		(10,445	)		-			(132,253	)
Six months ended June 30, 2011
Sales	$	731,488		$	250,000	$	34,978		$	-		$	1,016,466
Intercompany sales		-			450,000		-			(450,000	)		-
Gross profit (loss)		341,877			700,000		(101,422	)		(450,000	)		490,455
Net income (loss)		(1,004,156	)		637,025		(626,296	)		-			(993,427	)

* Represents gift card breakage revenue.

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue, net:
Investment and management services	$ 260,172	$ 402,975	$ 536,492	$ 981,488
Management services - related party	207,000		369,641
Premium meat products		17,990	6,969	34,978
Total net revenue	467,172	420,965	913,102	1,016,466
Cost of revenue:
Investment and management services	99,377	181,822	201,427	389,611
Management services - related party	125,368		247,599
Premium meat products		88,764	392	136,400
Total cost of revenue	224,745	270,586	449,418	526,011
Gross profit	242,427	150,379	463,684	490,455
Operating expenses:
General and administrative	202,201	529,910	432,421	1,133,293
Selling and marketing	18,030	462,430	132,397	745,572
Total operating expenses	220,231	992,340	564,818	1,878,865
Operating income (loss)	22,196	(841,961)	(101,134)	(1,388,410)
Interest expense:
Related parties	(6,536)	(3,627)	(13,291)	(6,127)
Other	(28,364)	(6,029)	(58,088)	(8,529)
Gain on derivative liability		348,162		509,962
(Loss) Gain on value of warrants	(2,353)	(1,685)	(19)	17,393
Impairment of marketable securities		(142,650)		(142,650)
Gain on sale of marketable securities, net	37,847	7,469	37,847	22,470
Other income, net	1,215	7	2,432	2,464
Total other income (expenses)	1,809	201,647	(31,119)	394,983
Net income (loss)	24,005	(640,314)	(132,253)	(993,427)
Net income (loss) attributable to noncontrolling interest	35	(4,957)	(402)	(5,547)
Net income (loss) attributable to AMHC	23,970	(635,357)	(131,851)	(987,880)
Other comprehensive income (loss):
Unrealized gain (loss) from available for sale securities	(168,225)	66,059	(218,546)	242,327
Comprehensive loss	(144,220)	(574,255)	(350,799)	(751,100)
Comprehensive income (loss) attributable to noncontrolling interest	35	(4,957)	(402)	(5,547)
Comprehensive loss attributable to AMHC	$ (144,255)	$ (569,298)	$ (350,397)	$ (745,553)
Net income (loss) per share - basic and diluted		$ (0.02)		$ (0.03)
Weighted average number of common shares outstanding - basic	35,824,853	32,835,090	35,135,691	32,443,318
Weighted average number of commo shares outstanding - diluted	41,660,611	32,835,090	35,135,691	32,443,318

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DERIVATIVE LIABILITIES

6 Months Ended

Jun. 30, 2012

DERIVATIVE LIABILITIES [Abstract]

DERIVATIVE LIABILITIES

NOTE 6 - DERIVATIVE LIABILITIES

The Company follows the guidance found in Codification topic, ASC 815-40, "Derivative and Hedging, Contracts in Entity's Own Equity", This topic specifies that a contract that would otherwise meet the definition of a derivative but is both (a) indexed to the Company's own stock and (b) classified in equity in the balance sheet would not be considered a derivative financial instrument. ASC 815-40-15 provides a two-step model to be applied in determining whether a financial instrument or an embedded feature is indexed to an issuer's own stock and able to qualify for the scope exception. The Company determined the Series A preferred stock issued for the acquisition of WWPP contained an embedded conversion feature that requires liability classification. Liability classification is required because these conversion provisions are not indexed to the Company's own stock. The fair value of the embedded conversion feature at December 31, 2011, was $0. The Company uses a probability-weighted discounted cash flow model to calculate fair value of its derivative liability. Key assumptions used to apply this model included consideration of the term of the conversion option, the fair value of the Company's common stock, the probability of achieving WWPP earnings thresholds, and a discount rate. Due to the cessation of on-line sales, it was determined that the probability of the contingent consideration was reduced to zero, which resulted in the estimated fair value of $0 at June 30, 2012 and December 31, 2011.

In April 2011, the Company began selling secured promissory notes each containing an embedded feature that requires a payment in excess of principal and interest based on certain terms and conditions. This embedded feature has been determined to be a derivative instrument and classified as a liability. Liability classification is required because this provision will require the Company to pay an additional sum of 10% to the secured note holders if the collateral keeps the value of the principal and any outstanding interest.

The Company allocated the proceeds from the issuance of notes payable and the Additional Sum based on the fair value of the instruments on the date of sale. The fair value of the Additional Sum is estimated using a probability weighted discounted cash flow model. The fair value of the liability at the date of sale was $77,000. The Company determined that there was no significant change in the fair value of the embedded feature from the date of the sale of the promissory notes at June 30, 2012.

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INVESTMENTS

6 Months Ended

Jun. 30, 2012

INVESTMENTS [Abstract]

INVESTMENTS

NOTE 5 - INVESTMENTS

Investment in marketable securities:

Investment in marketable securities consists of shares of common stock of 18 unrelated companies that are traded on an exchange or the OTC-bulletin board. The cost, gross unrealized holding gains and losses, and fair value of these available-for-sale securities as of June 30, 2012 and December 31, 2011, are as follows:

	As of June 30, 2012
			Gross unrealized holding					Fair
	Cost		Gains		Losses			value
Available for sale:
Marketable securities	$	403,859	$	124,491	$	(160,485	)	$	367,865

	As of December 31, 2011
			Gross unrealized holding					Fair
	Cost		Gains		Losses			value
Available for sale:
Marketable securities	$	427,859	$	216,600	$	(34,298	)	$	610,161

The Company regularly reviews its investment portfolio to identify and evaluate investments that have indications of possible impairment. Factors considered in determining whether a loss is temporary include: the length of time and extent to which fair value has been lower than the costs basis; the financial condition, credit quality and near-term prospects of the investee; and whether it is more likely than not that the Company will be required to sell the security prior to recovery of its costs basis. The Company evaluates the near-term prospects of the investees in relation to the severity and duration of the decline in market value (approximately six months or less).

During the six months ended June 30, 2012, the Company did not recognize an other-than-temporary impairment of marketable securities and there were no sales of marketable securities. The sale of marketable securities for the six months ended June 30, 2012, resulted in realized gains of $94,737 and realized losses of $56,890. During the six months ended June 30, 2011, the Company recognized an other-than-temporary impairment of two marketable securities by reclassifying approximately $142,700 from other comprehensive loss (a component of equity) to the statement of operations.

During the three and six months ended June 30, 2012, a net unrealized loss of $168,225 and $123,809 was recorded due to an decrease in fair value of certain marketable securities in "microcap" and "small-cap" companies. There are no securities that have been in an unrealized loss position for greater than one year.

Cost method investments:

As of June 30, 2012, the carrying value of the Company's cost method investments was $609,672, which consists of investments in six different companies. The Company's cost method investments are evaluated, on at least a quarterly basis, for potential other-than-temporary impairment, or for when an event of change in circumstances has occurred that may have a significant adverse effect on the fair value of the investment.

Impairment indicators the Company considers in each reporting period include the following: whether there has been a significant deterioration in earnings performance, asset quality or business prospects; a significant adverse change in the regulatory, economic, or technological environment; a significant adverse change in the general market condition or geographic area in which the investment operates; industry and sector performance; current equity and credit market conditions; any bona fide offers to purchase the investment for less than the carrying value; and factors that raise significant concern, such as negative cash flow from operations or working capital deficiencies. Since there is no active trading market for these investments, they are for the most part illiquid.

The fair value of the cost method investments was considered impracticable to estimate without incurring excessive costs relative to the materiality of the investment. The impracticability in developing such an estimate is due to insufficient information necessary to prepare a valuation model to determine fair value. There were no events or changes in circumstances identified that could have had a significant adverse effect on the fair value of these investments. As of June 30, 2012, no impairment was identified.

Debt securities and derivative warrants:

In February 2011, WWPP subscribed to purchase $150,000 of 12% convertible promissory notes and warrants to purchase convertible preferred shares of a private company. Under this agreement, WWPP was to purchase the notes and warrants in five monthly tranches of $30,000 beginning in March 2011. WWPP made the first and only $30,000 purchase in March 2011. The purchase price was allocated to the convertible promissory note. It was determined that the warrants had a nominal value. WWPP rescinded the original subscription agreement and is no longer required to purchase additional notes or warrants from this private company.

The Company has recorded warrants to purchase up to 12,500 shares of common stock exercisable at $6.00 per share of one company, and warrants to purchase up to 62,500 shares of restricted common stock of the other company exercisable at $0.50 per share. The warrants are exercisable immediately and have a term of five years. The warrants were recorded at their estimated fair value on the date of purchase. The fair value of the warrants will fluctuate primarily in relation to the value of the publicly-traded companies' underlying securities, either providing an appreciation in value or potentially expiring with no value. The Company converted the warrant for 62,500 shares into 53,415 shares in a cashless exercise in accordance with the warrant agreement during the six months ended June 30, 2012. These shares are reflected in the marketable securities. The fair value of the remaining warrants is estimated to be approximately $7,848 as of June 30, 2012.

During the year ended December 31, 2011, the Company entered into three managed services agreements with three separate companies (Note 13). These companies are considered to be related parties, as the Company's CEO was appointed to the board of directors of each of these companies at the date of these agreements. The Company receives a fixed monthly fee in cash. At the inception of the agreements, the Company also received warrants to purchase shares of common stock in each of these companies. The first warrant received was for the Company to purchase up to 250,000 common shares at $0.01 per share. For the second warrant, the Company may purchase up to 500,000 common shares exercisable at $0.01 per share. For the third warrant, the Company may purchase 500,000 common shares at $0.0005 per share. As of March 31, 2012, the Company entered into a managed service agreement with HOJ. The Company received a warrant to purchase up to 1,000,000 shares of HOJ's common stock at $0.01 per share. This warrant was cancelled subsequent to June 30, 2012. During the three months ended June 30, 2012 the Company entered into two managed service agreements with separate private companies, with one being considered a related party. In regards to the related party managed services agreement, the Company is to receive a fixed monthly fee in cash and 5% of the company in the form of a warrant. For the additional managed service agreement, the Company is to receive cash payments in three tranches with the first payment received prior to June 30, 2012, with the following two payments due in the third quarter of 2012. Once the deliverables are completed in this managed services agreement, the Company will receive 5% of the company in the form of a warrant.

Each of these warrants is from privately-held companies for which there is no liquidity mechanism and no historical financial information to predict further performance. The Company valued the warrants based in part on the estimated value of the services provided over the term of the agreements. The value of the three warrants from 2011was determined to be $15,000. The value of the warrant from the agreement entered into in the first quarter of 2012 is determined to be approximately $10,600. The value of the warrant from the agreement entered into in the second quarter of 2012 is determined to be approximately $5,000. Revenues associated with the receipt of the warrants are deferred and recognized over the term of the managed service agreements.

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PROPERTY AND EQUIPMENT (Tables)

6 Months Ended

Jun. 30, 2012

PROPERTY AND EQUIPMENT [Abstract]

Schedule of Property and Equipment

	June 30,			December 31,
	2012			2011
Website development	$	229,566		$	229,566
Furniture and fixtures		25,265			25,265
Equipment		30,024			30,024
		284,855			284,855
Less accumulated depreciation and amortization		(168,787	)		(137,226	)
	$	116,068		$	147,629

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RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2012

RELATED PARTY TRANSACTIONS [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 13 - RELATED PARTY TRANSACTIONS

Related party management services agreements:

On March 1, 2012, AMMS entered into a new management services agreement with HOJ. This agreement is for an initial 24 month term unless terminated by either party. HOJ is to pay AMMS a monthly fee equal to $27,500 cash per month. AMMS also received a warrant to purchase 1,000,000 common shares of HOJ exercisable for $10,000, which was accounted for as a related party transaction. Subsequent to June 30, 2012, the warrant was cancelled. The Company's CEO began serving on the board of directors of this company at the start of the management services agreement on March 1, 2012. See Note 1 regarding a merger agreement with the Company and HOJ.

On June 15, 2012, AMMS entered into a management services agreement with a company. This agreement is for an initial 24 month term unless terminated by either party. The company is to pay AMMS a monthly fee of $30,000 cash per month; however, no payment is due until a specified amount in raised in financing. AMMS received one stock warrant to purchase 5% of the company for $5,000, which will be accounted for as a related party transaction. The AMMS CEO began serving on the board of directors of this company at the start of the management services agreement on June 21, 2012.

Related party payable:

In July 2011, an employee and minority shareholder of AMI advanced $25,000 to WWPP for short-term operating cash needs. The amount is non-interest bearing, unsecured, and due on demand.

Related party debt security:

On November 3, 2011, the Company subscribed to a convertible note offering for $25,000 with a private related party entity in which the Company signed a management services agreement and the Company's CEO began serving on the board of directors of this company. The promissory note carries a 5% interest rate and is unsecured. In addition, the Company received 25,000 shares of this company. The purchase price was allocated to the convertible note as it was determined that the common stock had a nominal value. The Company's CEO and CFO both are minority shareholders in this company.

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INCOME TAXES

6 Months Ended

Jun. 30, 2012

INCOME TAXES [Abstract]

INCOME TAXES

NOTE 9 - INCOME TAXES

Deferred tax assets and liabilities represent the future impact of temporary differences between the financial statement and tax bases of assets and liabilities. The Company's net deferred tax assets have been fully reserved, effectively by a valuation allowance, because management does not believe realization of the deferred tax assets is sufficiently assured at the balance sheet date.

The provision for income taxes is recorded at the end of each interim period based on the Company's best estimate of its effective income tax rate expected to be applicable for the full fiscal year. The Company's expected income tax (expense) benefit was approximately $(8,100), $44,900, $217,700 and $337,800 for the three and six months ended June 30, 2012 and 2011, respectively. The expected income tax benefit differs from the actual benefit of $0 each period, due primarily to the change in valuation allowance.

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NOTES PAYABLE

6 Months Ended

Jun. 30, 2012

NOTES PAYABLE [Abstract]

NOTES PAYABLE

NOTE 7 - NOTES PAYABLE

Convertible notes:

As of June 30, 2012, convertible notes that were originally issued in 2009 with an aggregate face amount of $200,000 are outstanding. These notes bear interest at 10% per annum, they are unsecured, and their maturity dates are in 2014. By their original terms, principal and interest are convertible at any time by the holder into shares of the Company's common stock at $0.30 per share if the conversion is effected prior to the close of the third consecutive calendar month in which the Company is cash-flow positive, as defined; or, $0.60 per share if the conversion is effected after the close of the third consecutive calendar month in which the Company is cash-flow positive.

Promissory notes:

Beginning in April 2011, the Company began selling 12% secured promissory notes ("the Notes") in principal increments of $25,000. For the year ended December 31, 2011, the Company sold notes with a face amount of $770,000 for cash. These notes bear interest at 12% per annum with a maturity date of April 15, 2014. The Notes are collateralized by certain investment securities, as defined, (the "Collateral") held by the Company as of April 18, 2011. In addition to the principal and interest due under the Notes, the lenders are entitled to receive an amount equal to 10% of the original principal amount of each Note (the "Additional Sum"), provided that the proceeds of the Collateral are sufficient to cover the principal and interest due under the Notes. The Company is not obligated to liquidate the Collateral to pay the Additional Sum, and unless an event of default, as defined in the agreement, is declared, any sales of all or part of the Collateral will be made in the Company's sole discretion. Payments from the sale of the Collateral shall be applied first to the interest due under the Notes, then to the principal amount owing, and finally to the payment of the Additional Sum. For the three months ended June 30, 2012, the Company sold a portion of the securities used as collateral for a total of $127,970 and applied this amount to the principal of the notes, leaving a principal balance of $642,030. As of June 30, 2012, the carrying amount of the collateral is approximately $701,923; $294,403 is recorded as long-term marketable securities, $399,672 is recorded as cost investments, and $7,848 is recorded as warrants.

On October 3, 2011, the Company initiated an offering of up to $250,000 of 12% secured promissory notes which mature on October 3, 2014. The notes are collateralized by certain investments in related party warrants. In addition, each subscriber is to receive a warrant to purchase shares of the Company's common stock at $.40 per share. The Company began selling these notes in January 2012. As of June 30, 2012, the Company sold notes with a face amount of $10,000 for cash. The value of the warrant is considered immaterial.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 8 - COMMITMENTS AND CONTINGENCIES

License agreement:

Pursuant to terms of the License with Pat Boone (who is a minority shareholder of the Company), the Company is required to remit royalties to Pat Boone, or his designee, as well as to certain designated charities, as defined. The royalties, in aggregate, are 10% of net sales, as defined. The Company may sub-license the rights to other entities, for which sub-license net revenues are also subject to royalties. The Company is to pay a minimum royalty amount of $10,000 per month as an advance payment of a quarterly royalty amount. At each quarter-end, the Company is to pay any amounts of royalties due in excess of the monthly minimum payments. During the three and six months ended June 30, 2012 and 2011, the Company expensed royalties of $0, $0, $30,000 and $60,000, which is recorded as a component of cost of premium meat products revenue. The license fees were no longer due when online sales were ceased pursuant to the license agreement; however, said payments will be required at such time the Company commences any new revenue generating activities.

Contingencies:

From time to time, the Company may become party to litigation and other claims in the ordinary course of business. To the extent that such claims and litigation arise, management provides for them if upon the advice of counsel, losses are determined to be both probable and estimable.

On April 7, 2011, WWPP filed a complaint in the federal district court for the district of Colorado seeking a declaratory judgment against All American Meats, Inc. WWPP was not seeking monetary damages from All American Meats, Inc., instead the complaint was filed after All American Meats advised WWPP that it believed that the name it used in commerce and as trademarks "Pat Boone All American Meats" infringed upon All American Meat's common law trademark. WWPP disagreed with All American Meats' assertions, believes it was entitled to use the name and trademark "Pat Boone All American Meats", and filed the complaint requesting that the court declare that the use of the name "Pat Boone All American Meats" did not constitute trademark infringement. On January 9, 2012, both parties agreed to a settlement for WWPP to cease using the phrase "All American", and the Company has subsequently removed this phrasing from all marketing materials.

On September 27, 2011, Salem Radio Network, Inc. ("SRN") filed a petition in the County Court at Law No. 5 in Dallas Texas naming WWPP as a defendant. In the petition, SRN has asserted damages of $140,000 and is also seeking its attorneys' fees, as well as interest. The court has subsequently entered a default judgment against WWPP. WWPP has $152,500 recorded in accounts payable related to the service provided.

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EQUITY

6 Months Ended

Jun. 30, 2012

EQUITY [Abstract]

EQUITY

NOTE 10 - EQUITY

Preferred stock:

Of the 10,000,000 shares of the Company's authorized Preferred Stock, ($0.10 par value per share), 425,000 shares are designated as Series A Convertible Preferred Stock (the "Series A Preferred"). The holders of outstanding shares of Series A Preferred are entitled to notice of any shareholders' meeting and to vote as a single class with the common stock upon any matter submitted for approval by the holders of common stock, on an as-converted basis, as defined. Each share of Series A Preferred shall have eight votes per share. If any dividend or distribution is declared or paid by the Company on common stock, whether payable in cash, property, securities or rights to acquire securities, the holders of the Series A Preferred will be entitled to participate with the holders of common stock in such dividend or distribution, as defined.

Additionally, upon liquidation, dissolution or winding up on the Company, the Series A Preferred shareholders are entitled to be paid together with the common shareholders on a pro-rata basis. The Series A Preferred holders may convert such shares of Series A Preferred in whole or in part, at any time, or from time-to-time upon written notice to the Company subject to the terms set forth below. The Series A Preferred may, or shall, be converted into shares of the Company's authorized but unissued common stock on the following bases: (i) At the option of the holder, at any time before the "Financial Milestone" is met each share of Series A Preferred shall be convertible into eight shares of the Company's common stock. (ii) Upon the "Financial Milestone" being met, each share of Series A Preferred shall automatically be converted into 28.8 shares of the Company's common stock. (iii) If the "Financial Milestone" has not been met by October 8, 2013, each share of Series A Preferred then outstanding shall automatically be converted into eight shares of the Corporation's Common Stock. In 2011, two Series A Preferred holders converted 13,334 Series A Preferred shares into 106,672 shares of the Company's common stock at the prevailing conversion rate at that date as the Company had not yet reached the "Financial Milestone." During the six months ended June 30, 2012, 43 Series A Preferred holders converted 295,993 Series A Preferred Shares into 2,361,272 shares of the Company's common stock.

Common stock:

During the year ended December 31, 2011, the Company issued stock for prepaid services pursuant to a one-year service agreement. There were 250,000 shares that were issued at $0.25 per share for a total value of $62,500. The amount was recognized as a prepaid expense, as the shares were fully vested and non-forfeitable on the date they were granted. During the three and six months ended June 30, 2012, $15,625 and $31,250 of expense was recognized as services were provided under this annual agreement.

Stock options:

Effective March 11, 2009, AMI established the AMI 2009 Stock Option Plan (the "Plan"). The Plan, as amended, covers up to 7,000,000 shares of the Company's common stock (adjusted to reflect the terms of the AAEX Agreement and its prescribed exchange ratio). The Plan was assumed by the Company upon AMI becoming a wholly-owned subsidiary (at which time all references to AMI common stock in the Plan were deemed to reference the Company's common stock). Any employee, consultant or Director of the Company is eligible to participate. The exercise prices of the options granted are determined by the Plan Committee, whose members are appointed by the Board of Directors, and the exercise prices are generally to be established at the estimated fair value of the Company's common stock at the date of grant. Options granted have terms that do not exceed five years.

The stock-based compensation cost that has been included as a charge to general and administrative expense in the statements of operations was approximately $1,139, $9,148, $30,800 and $51,800 for the three and six months ended June 30, 2012 and 2011, respectively. The stock-based compensation cost that has been included to selling and marketing expense in the statements of operations was approximately $3,080, $12,320, $7,800 and $32,300, for the three and six months ended June 30, 2012 and 2011, respectively. As of June 30, 2012, there was approximately $37,306 of unrecognized compensation cost related to non-vested stock options. The cost is expected to be recognized over a weighted-average period of one year.

The Company uses the Black-Scholes option pricing model to determine the weighted average fair value of options. No options were granted during the six months ended June 30, 2012.

The expected term of stock options represents the period of time that the stock options granted are expected to be outstanding. The expected volatility is based on the historical price volatility of the common stock of similar companies. The risk-free interest rate represents the U.S. Treasury bill rate for the expected term of the related stock options. The dividend yield represents the anticipated cash dividend over the expected term of the stock options.

The following table sets forth the activity in the Plan for the six months ended June 30, 2012:

						Weighted
				Weighted		average
	Shares			average		remaining	Aggregate
	under			exercise		contractual	intrinsic
	option			price		life	value
Outstanding at January 1, 2012		2,087,070		$	0.42
Granted		-		$	-
Exercised		-		$	-
Forfeited/cancelled		(250,000	)	$	0.26
Outstanding at June 30, 2012		1,837,070		$	0.36	1.67	-
Exercisable at June 30, 2012		1,328,032		$	0.43	0.73	-

The aggregate intrinsic value in the table above represents the total intrinsic value (the difference between the estimated fair value of the Company's common stock on June 30, 2012, and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had they exercised their options on June 30, 2012.

The following table summarizes the activity and value of non-vested options as of and for the six months ended June 30, 2012:

				Weighted
				average
	Number of			grant date
	options			fair value
Non-vested options outstanding at January 1, 2012		603,217		$	0.43
Granted		-		$	-
Vested		(42,096	)	$	0.22
Forfeited/cancelled		(52,083	)	$	0.27
Non-vested options outstanding at June 30, 2012		509,038		$	0.07

Warrants:

In May 2011, the Company granted a warrant that immediately vested to purchase up to 500,000 shares of common stock to one outside consultant in connection with a one-year service agreement. This warrant has a two-year term and an exercise price of $0.30 per share, and approximately $36,900 has been recognized in selling and marketing expense in the six months ended June 30, 2012.

In November 2011, the Company granted a warrant that immediately vested to purchase up to 750,000 shares of common stock to one outside consultant. During the six months ended June 30, 2012, the warrant was returned by the holder and cancelled.

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INVESTMENTS (Narrative) (Details) (USD $)	6 Months Ended		1 Months Ended		12 Months Ended			1 Months Ended		3 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Mar. 31, 2011 World Wide Premium Packers Inc [Member]	Feb. 28, 2011 World Wide Premium Packers Inc [Member]	Dec. 31, 2011 Managed Service Agreement One [Member] Chief Executive Officer [Member]	Dec. 31, 2011 Managed Service Agreement Two [Member] Chief Executive Officer [Member]	Dec. 31, 2011 Managed Service Agreement Three [Member] Chief Executive Officer [Member]	Mar. 31, 2012 Managed Service Agreement Four [Member]	Apr. 30, 2012 Managed Service Agreement Four [Member] Chief Executive Officer [Member]	Jun. 30, 2012 Managed Service Agreement Five [Member] Chief Executive Officer [Member]	Jun. 30, 2012 Managed Service Agreement Six [Member]
Investment [Line Items]
Carrying value of cost method investment	$ 609,672	$ 609,672
Value of promissory note subscribed to purchase by subsidiary				150,000
Interest rate of promissory note subscribed to purchase by subsidiary				12.00%
Monthly tranches to be paid over a five month time period to purchase promissory notes and warrants				30,000
Actual monthly tranches paid to purchase promissory notes and warrants			30,000
Number of common stock shares allowed to be purchased through warrant	12,500				250,000	500,000	500,000	1,000,000
Exercise price of common stock shares allowed to be purchased through warrant	$ 6.0				$ 0.01	$ 0.01	$ 0.0005		$ 0.01
Number of restricted common stock shares allowed to be purchased through warrant	62,500
Exercise price of restricted common stock shares allowed to be purchased through warrant	$ 0.5
Number of shares converted under warrant	53,415
Fair value of remaining warrants not converted	7,848								10,600	5,000
Aggregate fair value of three warrants received in 2011		15,000
The percentage of ownership in private companies to be received as additional payment under managed service agreement										5.00%	5.00%
Other-than-temporary impairment of marketable securities recognized	142,700
Realized gain from sale of marketable securities	94,737
Realized loss from sale of marketable securities	$ 56,890

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SIGNIFICANT ACCOUNTING POLICIES (Policy)

6 Months Ended

Jun. 30, 2012

SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Principles of consolidation

Principles of consolidation:

The consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany accounts, transactions, and profits are eliminated in consolidation.

Use of estimates

Use of estimates:

The preparation of financial statements in accordance with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Significant estimates are used in accounting for certain items such as investments, long-lived assets, allowance for doubtful accounts, investments in warrants, derivative liabilities, revenue recognition, and stock-based compensation. Estimates are based on historical experience, where applicable, and assumptions that management believes are reasonable under the circumstances. Due to the inherent uncertainty involved with estimates, actual results may differ.

Accounts receivable and concentration of credit risk

Accounts receivable and concentration of credit risk:

The Company is subject to credit risk through trade receivables. This credit risk is mitigated by the diversification of the Company's operations, as well as its customer base. The Company grants varying payment terms to its customers. Payment terms for valuation reports prepared and sold by the Company typically require a portion of the fee to be paid up front, and the remaining amount due upon report delivery (typically within 45 days of the up-front payment). Payment terms for memberships vary, but generally are either paid up-front, which includes a small discount, or are paid monthly over the term of the membership. The majority of the accounts receivable are generated from the Issuer Profile Contracts. These contracts are either paid in full with cash or equity-based payments or in monthly payments spread over the term of the contract. For contracts that provide for equity-based payment (such as stock) from the customer (discussed below), a receivable is recorded until the stock certificates have been received.

Four customers comprise approximately 47% of trade accounts receivable at June 30, 2012; these individual customer balances represent approximately 14%, 12%, 11%, and 10% of the total trade accounts receivable. Five customers comprise approximately 91% of the trade accounts receivable at December 31, 2011; these individual customer balances represent approximately 29%, 23%, 17%, 11%, and 11% of the total trade accounts receivable. Two customers comprise substantially all of the related party accounts receivable at June 30, 2012; these individual accounts represent approximately 77% and 23% of the total related party accounts receivable. Two customers comprise substantially all of the related party accounts receivable at December 31, 2011; these individual customer balance represent approximately 52% and 40% of the total related party accounts receivable. One individual customer accounted for 24% of net revenues for the three and six months ended June 30, 2012, respectively, while one individual customer accounted for 18% and 15% of net revenues for the three and six months ended June 30, 2011.

Ongoing credit evaluations of customers' financial condition are performed. Collateral is not required. The Company maintains an allowance when necessary for doubtful accounts that is the Company's best estimate of potentially uncollectible trade receivables. Provisions are made based upon a specific review of all significant outstanding invoices that are considered potentially uncollectible in whole or in part. For those invoices not specifically reviewed or considered uncollectible, general provisions are provided at different rates, based upon the age of the receivable, historical experience, and other currently available evidence. The allowance estimates are adjusted as additional information becomes known or as payments are made. As of June 30, 2012 and December 31, 2011, the allowance for doubtful accounts was $11,000, and $56,900, respectively.

Marketable securities

Marketable securities:

The Company accepts equity-based payment from certain customers as consideration for services. This equity-based payment is generally from issuers for which there is a public market for their securities (or for which the Company expects there to be a public market in the near future). The Company accounts for these transactions as deferred revenue based on the fair value of the equity instrument received or the fair value of the goods or services provided. The Company recognizes revenue in a similar manner as if the Company had received cash.

All of the Company's investments in marketable securities are classified as available-for-sale. These marketable securities are stated at fair value. Any unrealized gains or losses are recorded in accumulated other comprehensive income (loss), a component of equity, until realized. Other-than-temporary declines in market value from original cost are included in operations. In determining whether an other-than-temporary decline in the market value has occurred, the Company considers the duration that, and extent to which, fair value of the investment is below its cost. Realized gains and losses are calculated based on specific identification to the individual securities involved with the resulting gains and losses included in non-operating income and expense on the statement of operations.

Cost method investments

Cost method investments:

The Company accepts equity securities of certain customers for which there is no public market in their securities. These non-marketable equity securities, over which the Company has no ability to exercise significant influence, are accounted for under the cost method. Since there is no active trading market for these investments, they are, for the most part, illiquid. Decreases in fair value below the recorded value are recognized as losses when the decrease is determined to be an other-than-temporary impairment.

Debt securities and derivative warrants

Debt securities and derivative warrants:

In 2010, the Company purchased convertible promissory notes and warrants to purchase common stock of two publicly-traded companies. The convertible promissory notes are classified as available-for-sale debt securities and were valued using a recurring market-based method which approximates fair value by using the amortized cost basis of the promissory notes, with the discount being accreted to interest income over the respective terms of the notes. One of the warrants was converted to stock during the six months ended June 30, 2012 (Note 5). In 2011, the Company purchased two convertible promissory notes in two private companies. The convertible promissory notes are accounted for as cost method investments as there is no public market in their securities and there is no active trading market for these investments.

Investments in warrants are recorded as assets and measured at their fair values. The warrants are accounted for as derivative instruments if the underlying securities are readily convertible to cash, or available for sale securities if they are not readily convertible to cash. Changes in the fair value of warrants accounted for as derivative instruments are recognized in earnings (loss), while changes in the fair value of available-for-sale warrant securities are recognized in other comprehensive income (loss).

Financial instruments

Financial instruments:

At June 30, 2012, the carrying amounts of cash, accounts receivable and accounts payable approximate their fair values due to their short duration. Convertible notes payable to unrelated parties approximate their fair values based on current market rate information. The fair value of the derivative liability was determined using a probability-weighted discounted cash flow model. The fair value of receivables and notes payable to related parties is not practicable to estimate, due to the related party nature of the underlying transactions. The fair value of cost investments are not practicable to estimate, as quoted market prices are not available, and the Company has not yet obtained or developed a valuation model necessary to estimate fair value.

The Company values its financial assets and liabilities utilizing a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs, such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible.

The following fair value hierarchy table presents information about the Company's assets measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value.

	Fair value measurement as of
	June 30, 2012
		Level 1		Level 2		Level 3
Cash		$	152,038	$	-	$	-
Investment in marketable securities			367,865		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		38,490
Derivative liability			-		-		(77,000	)

	Fair value measurement as of
	December 31, 2011
		Level 1		Level 2		Level 3
Cash		$	320,971	$	-	$	-
Investment in marketable securities			610,161		-		-
Investment in debt securities			-		-		55,000
Investment in warrants			-		-		99,501
Derivative liability			-		-		(77,000	)

Level 3 recurring fair value measurements represent the Company's investment in debt securities, warrants (Note 5) and the derivative liability (Note 6). The change in carrying value of the Company's level 3 fair value measurements is as follows:

	Investment		Investment
	in Debt		in			Derivative
	Securities		Warrants			Liability
Fair value at January 1, 2012	$	55,000	$	99,501		$	(77,000	)
Receipt of warrant from a customer		-		15,641			-
Conversion of warrant to marketable securities		-		(76,633	)		-
Change in fair value				(19	)		-
Fair value at June 30, 2012	$	55,000	$	38,490		$	(77,000	)

Intangible asset

Intangible asset:

Intangible asset consists of a trademark license with Pat Boone, which has an indefinite useful life, and is not currently amortized. Authoritative guidance requires that intangible assets not subject to amortization (indefinite-lived assets) be tested for impairment on an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The impairment test consists of a comparison of the estimated fair value of an intangible asset with its carrying amount. Significant judgments are required to estimate the fair value of intangible assets including estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in these estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates and could also affect the determination of fair value and/or impairment at future reporting dates.

Revenue recognition

Revenue recognition:

The Company recognizes revenue pursuant to SEC Staff Accounting Bulletin No. 104, Revenue Recognition, and Accounting Standards Codification (ASC) 605-25 (formerly known as Emerging Issues Task Force Issue No. (EITF) 00-21, Revenue Arrangements with Multiple Deliverables). The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sale price is fixed or determinable, and collectability is reasonably assured.

AMI membership service contracts typically consist of multiple deliverables which include web-based services over the membership term, advertising space in the Company's magazine publications, and participation in conferences and conference presentations. The Company defers the revenue associated with any undelivered elements. The amount of revenue deferred in connection with the undelivered elements is based on each element's price sold on a stand-alone basis. Revenue is recognized once products are delivered, services are provided or over the term of the contract. For valuation products that are sold to customers, such as valuation reports, revenues are recorded upon delivery and acceptance of the product to the customer. Management services revenue is recognized as services are provided, once collectability is reasonably assured. Deferred revenue represents contractual billings in excess of revenue recognized.

The Company records revenues from such sales of third-party advertising slots in accordance with Principal Agent Considerations within the Revenue Recognition Topic of the FASB Accounting Standards Codification. The Company evaluates these sales on a case-by-case basis to determine whether the transaction should be recorded gross or net, including but not limited to assessing whether or not the Company (1) acts as principal in the transaction, (2) has the risks and rewards of the transaction, such as the risk of loss for collection, and (3) acts as an agent or broker with compensation on a commission or fee basis. Accordingly, sales of third-party advertising slots are typically recorded on a net basis. Expenses of $3,750 and $38,725 were recognized for third parties for their advertising slots during the three months ended June 30, 2012 and 2011, respectively.

From November 2010 through August 17, 2011, WWPP derived revenue from the sale of premium meat products to consumers through its website, and WWPP recorded revenue upon delivery of the product to the consumer. Product returns were not significant and WWPP also sold gift cards. The liability is relieved and net revenue is recorded upon redemption by the consumer. These gift cards were to be used to purchase premium meat products, and the gift cards were expected to be redeemed within one year of issuance. With the shift in business plan in the third quarter 2011, the gift cards are not currently redeemable but may be redeemable in the future, should WWPP be able to take the business into retail space (of which there is no guaranty) before the expiration of the gift cards. WWPP recognized approximately $0 and $7,000 of revenue in the three and six months ended June 30, 2012 as a result of the expiration of gift cards. The gift card liability recorded at June 30, 2012 is $0. Management believes WWPP is not subject to applicable escheat laws as the gift cards have a specific expiration date.

Management evaluated the terms of its WWPP sales in consideration of the criteria outlined in Principal Agent Consideration with regards to its determination of gross respect to gross versus net reporting of revenue for transactions with customers. WWPP, through its website, sold premium meat and other products. In these transactions, management determined that the Company (i) acted as principal; (ii) had the risks and rewards of ownership, including the risk of loss for collection, delivery or returns; and (iii) had latitude in establishing price with the customer. For these transactions, the Company recognized revenue on a gross basis.

Stock-based compensation

Stock-based compensation:

The Company accounts for stock-based compensation under ASC 718, Share-Based Payment. ASC 718 requires the recognition of the cost of services received in exchange for an award of equity instruments in the financial statements and is measured based on the grant date fair value of the award. ASC 718 also requires the stock-based compensation expense to be recognized over the period of service in exchange for the award (generally the vesting period). The Company estimates the fair value of each stock option at the grant date by using an option pricing model, typically the Black-Scholes model.

Net loss per share

Net loss per share:

Basic net loss per share is computed by dividing the net loss applicable to common shareholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if dilutive securities were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company, unless the effect of such inclusion would reduce a loss or increase earnings per share. For each of the periods presented in the accompanying consolidated financial statements, the effect of the inclusion of dilutive shares would have resulted in a decrease in loss per share. Common stock options and warrants and shares underlying convertible debt and preferred stock aggregating 5,835,747 and 8,943,694 as of June 30, 2012, and June 30, 2011, respectively, have been excluded from the calculation of diluted net loss per common share.

Advertising

Advertising:

Advertising costs are charged to expense when incurred. Advertising costs for the three and six months ended June 30, 2012 and 2011, were approximately $1,300, $94,970, $378,200 and $590,600, respectively.

XML

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2012

SEGMENT REPORTING [Abstract]

Reconciliation of Segment Information to Consolidated Financial Information

	Investment			Management		Premium
	Services			Services		Meat Products			Eliminations			Total
Three months ended June 30, 2012
Sales	$	260,172		$	-	$	-		$	-		$	260,172
Sales - related party					207,000		-			-			207,000
Intercompany sales		-			-		-			-			-
Gross profit (loss)		160,795			81,632		-			-			242,427
Net income (loss)		(58,327	)		81,426		906			-			24,005
Three months ended June 30, 2011
Sales	$	352,975		$	50,000	$	17,990		$	-		$	420,965
Intercompany sales		-			225,000		-			(225,000	)		-
Gross profit (loss)		171,154			275,000		(70,775	)		(225,000	)		150,379
Net income (loss)		(708,786	)		260,496		(192,024	)		-			(640,314	)
Six months ended June 30, 2012
Sales	$	536,492		$	-	$	6,969	*	$	-		$	543,461
Sales - related party					369,641		-			-			369,641
Intercompany sales		-			-		-			-			-
Gross profit (loss)		335,065			122,042		6,577			-			463,684
Net income (loss)		(228,523	)		106,715		(10,445	)		-			(132,253	)
Six months ended June 30, 2011
Sales	$	731,488		$	250,000	$	34,978		$	-		$	1,016,466
Intercompany sales		-			450,000		-			(450,000	)		-
Gross profit (loss)		341,877			700,000		(101,422	)		(450,000	)		490,455
Net income (loss)		(1,004,156	)		637,025		(626,296	)		-			(993,427	)

* Represents gift card breakage revenue.

XML

EQUITY (Stock Option Activity Narrative) (Details) (USD $)	6 Months Ended	12 Months Ended	3 Months Ended		6 Months Ended		14 Months Ended	3 Months Ended		6 Months Ended		1 Months Ended		1 Months Ended		1 Months Ended
	Jun. 30, 2012	Dec. 31, 2011	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2011 Selling and Marketing Expense [Member]	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2011 Selling and Marketing Expense [Member]	Jun. 30, 2012 Selling and Marketing Expense [Member]	Jun. 30, 2012 General and Administrative Expense [Member]	Jun. 30, 2011 General and Administrative Expense [Member]	Jun. 30, 2012 General and Administrative Expense [Member]	Jun. 30, 2011 General and Administrative Expense [Member]	Mar. 31, 2009 AMI 2009 Stock Option Plan [Member]	Mar. 11, 2009 AMI 2009 Stock Option Plan [Member]	Mar. 31, 2011 Sales Development Employee [Member]	Jun. 30, 2012 Sales Development Employee [Member]	Sep. 30, 2011 Membership Development Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common shares authorized under the plan													7,000,000
Granted		892,500												100,000		500,000
Terms of stock options granted												Options granted have terms that do not exceed five years		This option has a four-year term		three-year term
Weighted average exercise price, granted														$ 0.8		$ 0.15
Shares of stock options vested															25,000
Share-based compensation expense, amount allocated			$ 3,080	$ 7,800	$ 12,320	$ 32,300	$ 36,900	$ 1,139	$ 30,800	$ 9,147	$ 51,800
Share-based compensation expense, amount not yet recognized	$ 37,306
Share-based compensation expense, expected weighted average period of recognition (in years) for remaining expense to be recognized	1

XML

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (USD $)	Total	Common stock [Member]	Preferred stock [Member]	Additional paid-in capital [Member]	Accumulated deficit [Member]	Other comprehensive income (loss) [Member]	Non-controlling interest [Member]
Balance at Dec. 31, 2011	$ 53,804	$ 34,446	$ 1,386,983	$ 6,014,763	$ (7,569,761)	$ 274,548	$ (87,175)
Balance, shares at Dec. 31, 2011		34,446,531	385,143
Share-based compensation	21,468			21,468
Conversion of preferred to common stock		2,361	(1,065,902)	1,063,541
Conversion of preferred to common stock, shares		2,361,270	(295,975)
Net loss (income)	(132,253)				(131,851)		(402)
Other comprehensive loss:
Unrealized loss on available for sale securities	(123,809)					(123,809)
Reclassification adjustments for gains included in net income	(94,737)					(94,737)
Comprehensive loss	(350,799)
Balance at Jun. 30, 2012	$ (275,527)	$ 36,807	$ 321,081	$ 7,099,772	$ (7,701,612)	$ 56,002	$ (87,577)
Balance, shares at Jun. 30, 2012		36,807,801	89,168

XML

INTANGIBLE ASSET

6 Months Ended

Jun. 30, 2012

INTANGIBLE ASSET [Abstract]

INTANGIBLE ASSET

NOTE 4 - INTANGIBLE ASSET

At June 30, 2012 and December 31, 2011, the Company's intangible asset consists of a license agreement with Pat Boone, which was acquired in the WWPP acquisition. The license agreement with Pat Boone grants WWPP a perpetual, worldwide license to use Mr. Boone's name and likeness in connection with the Company's marketing and sale of premium meats. The carrying value of this license is approximately $12,500 at June 30, 2012 and December 31, 2011.

XML

SUBSEQUENT EVENTS (Tables)

6 Months Ended

Jun. 30, 2012

SUBSEQUENT EVENTS [Abstract]

Schedule of Pro Forma Financial Information

PROFORMA BALANCE SHEET

(Unaudited)

JUNE 30, 2012

	Hangover Joe's			Hangover			Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Adjustments				Total
	(Historical)			(Historical)
Assets
Current assets:
Cash	$	152,038		$	79,775		$	(152,038	)	A	$	79,775
								10,000		B		10,000
Accounts receivable, net		142,861			118,400			(142,861	)	A		118,400
Related party receivable		65,500			-			(65,500	)	A		-
Inventory		-			19,823			-				19,823
Prepaid expenses and other		59,318			24,183			(59,318	)	A		24,183
Investments in marketable securities		73,462			-			(73,462	)	A		-
Investments in debt securities		30,000			-			(30,000	)	A		-
Total current assets		523,179			242,181			(513,179	)			252,181
Property and equipment, net		116,068			2,407			(116,068	)	A		2,407
Intangible asset		12,500			-			(12,500	)	A		-
Cost investments		609,672			-			(609,672	)	A		-
Investment in marketable securities		294,403			-			(294,403	)	A		-
Investment in debt securities		25,000			-			(25,000	)	A		-
Investments in warrant, including related party		38,490			-			(38,490	)	A		-
Deposits and other assets		6,294			-			(6,294	)	A		-
		1,102,427			2,407			(1,102,427	)			2,407
Total assets	$	1,625,606		$	244,588		$	(1,615,606	)		$	254,588
Liabilities
Current liabilities:
Accounts payable and other	$	508,266		$	191,580		$	(508,266	)	A	$	191,580
Related party payable		25,000			-			(25,000	)	A		-
Accrued expenses		155,666			112,930			(155,666	)	A		112,930
Advances payable, related parties		-			89,422			-				89,422
Deferred revenue		304,031			-			(304,031	)	A		-
Total current liabilities		992,963			393,932			(992,963	)			393,932
Notes payable:
Related parties		188,158			-			(188,158	)	A		-
Other		619,905			-			(619,905	)	A		-
Deferred rent liability		23,107			-			(23,107	)	A		-
Derivative liability		77,000			-			(77,000	)	A		-
		908,170			-			(908,170	)			-
Total liabilities		1,901,133			393,932			(1,901,133	)			393,932
Equity (Deficit):
Preferred stock		321,081			-			(321,081	)	A		-
Common stock		36,808			264			(36,808	)	A		264
Contributed capital		-			719,842			10,000		B		729,842
Additional paid-in capital		7,099,771			-			(7,099,771	)	A		-
Other comprehensive income		56,002			-			(56,002	)	A		-
Accumulated deficit		(7,701,612	)		(869,450	)		7,701,612		A		(869,450	)
Total equity (deficit)		(187,950	)		(149,344	)		197,950				(139,344	)
Noncontrolling interest		(87,577	)		-			87,577				-
Total equity (deficit)		(275,527	)		(149,344	)		285,527				(139,344	)
Total liabilities and equity (deficit)	$	1,625,606		$	244,588		$	(1,615,606	)		$	254,588

PROFORMA STATEMENT OF OPERATIONS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2011

	Hangover Joe's			Hangover						Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Total			Adjustments				Total
	(Historical)			(Historical)
Net sales	$	1,016,466		$	43,467		$	1,059,933		$	(1,016,466	)	A	$	43,467
Cost of goods sold		526,011			59,801			585,812			(526,011	)	A		59,801
Gross (loss) profit		490,455			(16,334	)		474,121			(490,455	)			(16,334	)
Operating expenses:
General and administrative		1,133,293			30,224			1,163,517			(1,133,293	)	A		30,224
Selling and marketing		745,572			2,250			747,822			(745,572	)	A		2,250
Impairment of assets		-			-			-			-		A		-
Total operating expenses		1,878,865			32,474			1,911,339			(1,878,865	)			32,474
		(1,388,410	)		(48,808	)		(1,437,218	)		1,388,410				(48,808	)
Other income (expense):
Interest expense:
Related parties		(6,127	)		-			(6,127	)		6,127		A		-
Other		(8,529	)		-			(8,529	)		8,529		A		-
Gain on derivative liability		509,962			-			509,962			(509,962	)	A		-
Gain (loss) on value of derivative warrants		17,393			-			17,393			(17,393	)	A		-
Impairment of marketable securities		(142,650	)		-			(142,650	)		142,650		A		-
Gain on sale of marketable securities		22,470			-			22,470			(22,470	)	A		-
Other income, net		2,464			-			2,464			(2,464	)	A		-
		394,983			-			394,983			(394,983	)			-
Net loss	$	(993,427	)	$	(48,808	)	$	(1,042,235	)	$	993,427			$	(48,808	)
Less: net loss attributable to noncontrolling interest	$	(5,547	)	$	-		$	(5,547	)	$	5,547		A	$	-
Net loss attributable to AMHC/Hangover Joe's		(987,880	)		(48,808	)		(1,036,688	)		987,880		A		(48,808	)
Net loss	$	(993,427	)	$	(48,808	)	$	(1,042,235	)	$	993,427			$	(48,808	)
Net loss per share-basic and diluted	$	(0.03	)											$	*
Weighted average number of common shares
outstanding - basic and diluted		32,443,318									72,212,547		A		104,655,865

* less than $0.01 per share

PROFORMA STATEMENT OF OPERATIONS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2012

	Hangover Joe's			Hangover						Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Total			Adjustments				Total
	(Historical)			(Historical)
Net sales	$	913,102		$	350,374		$	1,263,476		$	(913,102	)	A	$	350,374
Cost of goods sold		449,418			293,217			742,635			(449,418	)	A		293,217
Gross (loss) profit		463,684			57,157			520,841			(463,684	)			57,157
Operating expenses:
General and administrative		432,421			423,537			855,958			(432,421	)	A		423,537
Selling and marketing		132,397			184,354			316,751			(132,397	)	A		184,354
Total operating expenses		564,818			607,891			1,172,709			(564,818	)	A		607,891
		(101,134	)		(550,734	)		(651,868	)		101,134				(550,734	)
Other income (expense):
Interest expense:
Related parties		(13,291	)		-			(13,291	)		13,291				-
Other		(58,088	)		(223	)		(58,311	)		58,088		A		(223	)
Loss on value of warrants		(19	)		-			(19	)		19		A		-
Gain on sale of marketable securities		37,847			-			37,847			(37,847	)	A		-
Other income, net		2,432			-			2,432			(2,432	)	A		-
		(31,119	)		(223	)		(31,342	)		31,119		A		(223	)
Net loss	$	(132,253	)	$	(550,957	)	$	(683,210	)	$	132,253		A	$	(550,957	)
Less: net loss attributable to noncontrolling interest		(402	)		-			(402	)		402		A		-
Net loss attributable to AMHC/Hangover Joe's	$	(131,851	)	$	(550,957	)	$	(682,808	)	$	131,851		A	$	(550,957	)
Net loss	$	(132,253	)	$	(550,957	)	$	(683,210	)	$	132,253			$	(550,957	)
Net loss per share-basic and diluted	$	*												$	*
Weighted average number of common shares
outstanding - basic and diluted		35,135,691									78,205,248		A		113,340,939

The following adjustments are made to the accompanying unaudited pro forma balance sheet and statements of operations:

(A) This entry is to reflect that AMHC issued of a total number of common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ. This entry also reflects the sale to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries, which represents substantially all of the operations of the Company prior to the acquisition of HOJ, being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Because all of the operating businesses of AMHC were sold within five business days after the closing of the HOJ acquisition, the transaction was accounted for as a recapitalization of HOJ. The number of shares issued in the accompanying unaudited pro forma financial statements of operations is calculated at the beginning of each of the periods presented to reflect that HOJ shareholders received approximately 69% of the combined entity's shares. The actual number of shares issued at the closing of this transaction (83,514,807shares), were based on the number of AMHC shares outstanding at that date and is different than the number of shares utilized in the pro forma calculations.

(B) This entry reflects that the Buyer paid $10,000 and assumed all liabilities related to the subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company.

XML

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011	Sep. 27, 2011
COMMITMENTS AND CONTINGENCIES [Abstract]
Percentage rate of royalties owed to minority shareholder	10.00%		10.00%
Minimum monthly royalty payment owed to minority shareholder	$ 10,000
Royalty expense	0	30,000	0	60,000
Asserted damages from lawsuit					140,000
Accrued value of loss contingecy recorded in accounts payable					$ 152,500

XML

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 14 - SUBSEQUENT EVENTS

As disclosed in a Form 8-K filed with the SEC on July 30, 2012, the Company, on July 25, 2012, entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Hangover Joe's, Inc., a private Colorado corporation ("HOJ"), whereby the Company would acquire HOJ in a reverse triangular merger (the "Acquisition"). On July 25, 2012, the parties closed the Acquisition and a Statement of Merger was filed and effective with the Colorado Secretary of State on that day. Upon closing the Acquisition, the Company issued a total number of common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ such that they now own approximately 69% of the Company. The shareholders of the Company prior to the Acquisition now own approximately 31% of the Company. An aggregate of 83,514,827 Company shares were issued in the Acquisition.

The Merger Agreement further provided that, within five business days after the closing of the Acquisition the Company would sell to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries (the "Sale"), being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Buyer is a private Colorado corporation owned by the Company's two directors, JW Roth and David Lavigne. Buyer would pay $10,000 and assume all liabilities related to the Subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company. The parties closed the Sale on July 27, 2012.

The following unaudited pro-forma statements of operations for the Company for the six months ended June 30, 2012 and 2011, and for the balance sheet as of June 30, 2012, give effect to the transactions described above as if they had occurred effective January 1, 2012 and 2011, respectively. The following unaudited pro forma balance sheet as of June 30, 2012, gives effect to the transactions as if they had occurred on June 30, 2012:

PROFORMA BALANCE SHEET

(Unaudited)

JUNE 30, 2012

	Hangover Joe's			Hangover			Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Adjustments				Total
	(Historical)			(Historical)
Assets
Current assets:
Cash	$	152,038		$	79,775		$	(152,038	)	A	$	79,775
								10,000		B		10,000
Accounts receivable, net		142,861			118,400			(142,861	)	A		118,400
Related party receivable		65,500			-			(65,500	)	A		-
Inventory		-			19,823			-				19,823
Prepaid expenses and other		59,318			24,183			(59,318	)	A		24,183
Investments in marketable securities		73,462			-			(73,462	)	A		-
Investments in debt securities		30,000			-			(30,000	)	A		-
Total current assets		523,179			242,181			(513,179	)			252,181
Property and equipment, net		116,068			2,407			(116,068	)	A		2,407
Intangible asset		12,500			-			(12,500	)	A		-
Cost investments		609,672			-			(609,672	)	A		-
Investment in marketable securities		294,403			-			(294,403	)	A		-
Investment in debt securities		25,000			-			(25,000	)	A		-
Investments in warrant, including related party		38,490			-			(38,490	)	A		-
Deposits and other assets		6,294			-			(6,294	)	A		-
		1,102,427			2,407			(1,102,427	)			2,407
Total assets	$	1,625,606		$	244,588		$	(1,615,606	)		$	254,588
Liabilities
Current liabilities:
Accounts payable and other	$	508,266		$	191,580		$	(508,266	)	A	$	191,580
Related party payable		25,000			-			(25,000	)	A		-
Accrued expenses		155,666			112,930			(155,666	)	A		112,930
Advances payable, related parties		-			89,422			-				89,422
Deferred revenue		304,031			-			(304,031	)	A		-
Total current liabilities		992,963			393,932			(992,963	)			393,932
Notes payable:
Related parties		188,158			-			(188,158	)	A		-
Other		619,905			-			(619,905	)	A		-
Deferred rent liability		23,107			-			(23,107	)	A		-
Derivative liability		77,000			-			(77,000	)	A		-
		908,170			-			(908,170	)			-
Total liabilities		1,901,133			393,932			(1,901,133	)			393,932
Equity (Deficit):
Preferred stock		321,081			-			(321,081	)	A		-
Common stock		36,808			264			(36,808	)	A		264
Contributed capital		-			719,842			10,000		B		729,842
Additional paid-in capital		7,099,771			-			(7,099,771	)	A		-
Other comprehensive income		56,002			-			(56,002	)	A		-
Accumulated deficit		(7,701,612	)		(869,450	)		7,701,612		A		(869,450	)
Total equity (deficit)		(187,950	)		(149,344	)		197,950				(139,344	)
Noncontrolling interest		(87,577	)		-			87,577				-
Total equity (deficit)		(275,527	)		(149,344	)		285,527				(139,344	)
Total liabilities and equity (deficit)	$	1,625,606		$	244,588		$	(1,615,606	)		$	254,588

PROFORMA STATEMENT OF OPERATIONS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2011

	Hangover Joe's			Hangover						Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Total			Adjustments				Total
	(Historical)			(Historical)
Net sales	$	1,016,466		$	43,467		$	1,059,933		$	(1,016,466	)	A	$	43,467
Cost of goods sold		526,011			59,801			585,812			(526,011	)	A		59,801
Gross (loss) profit		490,455			(16,334	)		474,121			(490,455	)			(16,334	)
Operating expenses:
General and administrative		1,133,293			30,224			1,163,517			(1,133,293	)	A		30,224
Selling and marketing		745,572			2,250			747,822			(745,572	)	A		2,250
Impairment of assets		-			-			-			-		A		-
Total operating expenses		1,878,865			32,474			1,911,339			(1,878,865	)			32,474
		(1,388,410	)		(48,808	)		(1,437,218	)		1,388,410				(48,808	)
Other income (expense):
Interest expense:
Related parties		(6,127	)		-			(6,127	)		6,127		A		-
Other		(8,529	)		-			(8,529	)		8,529		A		-
Gain on derivative liability		509,962			-			509,962			(509,962	)	A		-
Gain (loss) on value of derivative warrants		17,393			-			17,393			(17,393	)	A		-
Impairment of marketable securities		(142,650	)		-			(142,650	)		142,650		A		-
Gain on sale of marketable securities		22,470			-			22,470			(22,470	)	A		-
Other income, net		2,464			-			2,464			(2,464	)	A		-
		394,983			-			394,983			(394,983	)			-
Net loss	$	(993,427	)	$	(48,808	)	$	(1,042,235	)	$	993,427			$	(48,808	)
Less: net loss attributable to noncontrolling interest	$	(5,547	)	$	-		$	(5,547	)	$	5,547		A	$	-
Net loss attributable to AMHC/Hangover Joe's		(987,880	)		(48,808	)		(1,036,688	)		987,880		A		(48,808	)
Net loss	$	(993,427	)	$	(48,808	)	$	(1,042,235	)	$	993,427			$	(48,808	)
Net loss per share-basic and diluted	$	(0.03	)											$	*
Weighted average number of common shares
outstanding - basic and diluted		32,443,318									72,212,547		A		104,655,865

* less than $0.01 per share

PROFORMA STATEMENT OF OPERATIONS

(UNAUDITED)

SIX MONTHS ENDED JUNE 30, 2012

	Hangover Joe's			Hangover						Proforma				Proforma
	Holding Corp.			Joe's, Inc.			Total			Adjustments				Total
	(Historical)			(Historical)
Net sales	$	913,102		$	350,374		$	1,263,476		$	(913,102	)	A	$	350,374
Cost of goods sold		449,418			293,217			742,635			(449,418	)	A		293,217
Gross (loss) profit		463,684			57,157			520,841			(463,684	)			57,157
Operating expenses:
General and administrative		432,421			423,537			855,958			(432,421	)	A		423,537
Selling and marketing		132,397			184,354			316,751			(132,397	)	A		184,354
Total operating expenses		564,818			607,891			1,172,709			(564,818	)	A		607,891
		(101,134	)		(550,734	)		(651,868	)		101,134				(550,734	)
Other income (expense):
Interest expense:
Related parties		(13,291	)		-			(13,291	)		13,291				-
Other		(58,088	)		(223	)		(58,311	)		58,088		A		(223	)
Loss on value of warrants		(19	)		-			(19	)		19		A		-
Gain on sale of marketable securities		37,847			-			37,847			(37,847	)	A		-
Other income, net		2,432			-			2,432			(2,432	)	A		-
		(31,119	)		(223	)		(31,342	)		31,119		A		(223	)
Net loss	$	(132,253	)	$	(550,957	)	$	(683,210	)	$	132,253		A	$	(550,957	)
Less: net loss attributable to noncontrolling interest		(402	)		-			(402	)		402		A		-
Net loss attributable to AMHC/Hangover Joe's	$	(131,851	)	$	(550,957	)	$	(682,808	)	$	131,851		A	$	(550,957	)
Net loss	$	(132,253	)	$	(550,957	)	$	(683,210	)	$	132,253			$	(550,957	)
Net loss per share-basic and diluted	$	*												$	*
Weighted average number of common shares
outstanding - basic and diluted		35,135,691									78,205,248		A		113,340,939

The following adjustments are made to the accompanying unaudited pro forma balance sheet and statements of operations:

(A) This entry is to reflect that AMHC issued of a total number of common shares to the HOJ shareholders in exchange for all of their ownership interests in HOJ. This entry also reflects the sale to Accredited Members Acquisition Corporation ("Buyer") all of the equity interests in three of the Company's subsidiaries, which represents substantially all of the operations of the Company prior to the acquisition of HOJ, being Accredited Members, Inc., AMHC Managed Services, Inc. and World Wide Premium Packers, Inc. (collectively, the "Subsidiaries"). Because all of the operating businesses of AMHC were sold within five business days after the closing of the HOJ acquisition, the transaction was accounted for as a recapitalization of HOJ. The number of shares issued in the accompanying unaudited pro forma financial statements of operations is calculated at the beginning of each of the periods presented to reflect that HOJ shareholders received approximately 69% of the combined entity's shares. The actual number of shares issued at the closing of this transaction (83,514,807shares), were based on the number of AMHC shares outstanding at that date and is different than the number of shares utilized in the pro forma calculations.

(B) This entry reflects that the Buyer paid $10,000 and assumed all liabilities related to the subsidiaries in exchange for all of the shares in the Subsidiaries owned by the Company.