SEC Info - Ameramex International Inc. - ‘10-Q’ for 6/30/22

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Ameramex International Inc. – ‘10-Q’ for 6/30/22 – ‘XML’

On: Monday, 8/15/22, at 3:15pm ET · For: 6/30/22 · Accession #: 1099910-22-157 · File #: 0-56054

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/15/22  Ameramex International Inc.       10-Q        6/30/22   50:2.7M                                   Edgar Solutions Inc./FA

Quarterly Report — Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    623K 
 2: EX-31.1     Certification of Chief Executive Officer            HTML     20K 
 3: EX-31.2     Certification of Chief Financial Officer            HTML     19K 
 4: EX-32       Certification of Chief Executive Officer and Chief  HTML     15K 
                Financial Officer                                                
10: R1          Cover                                               HTML     67K 
11: R2          Unaudited Balance Sheets                            HTML    126K 
12: R3          Unaudited Balance Sheets (Parenthetical)            HTML     32K 
13: R4          Unaudited Statements of Operations                  HTML    105K 
14: R5          Unaudited Statements of Stockholders' Equity        HTML     38K 
                (Deficit)                                                        
15: R6          Unaudited Statements of Cash Flow                   HTML    103K 
16: R7          Organization and Basis of Presentation              HTML     18K 
17: R8          Summary of Significant Accounting Policies          HTML     36K 
18: R9          Inventory                                           HTML     23K 
19: R10         Property and Equipment                              HTML     29K 
20: R11         Rental Equipment                                    HTML     24K 
21: R12         Lines of Credit                                     HTML     35K 
22: R13         Related-Party Transactions                          HTML     38K 
23: R14         Notes Payable                                       HTML     30K 
24: R15         Joint Venture                                       HTML     18K 
25: R16         Commitments and Contingencies                       HTML     19K 
26: R17         Stockholders? Equity                                HTML     25K 
27: R18         Summary of Significant Accounting Policies          HTML     45K 
                (Policies)                                                       
28: R19         Inventory (Tables)                                  HTML     23K 
29: R20         Property and Equipment (Tables)                     HTML     26K 
30: R21         Rental Equipment (Tables)                           HTML     22K 
31: R22         Related-Party Transactions (Tables)                 HTML     25K 
32: R23         Notes Payable (Tables)                              HTML     28K 
33: R24         Summary of Significant Accounting Policies          HTML     28K 
                (Details Narrative)                                              
34: R25         Inventory (Details)                                 HTML     21K 
35: R26         Property and Equipment (Details)                    HTML     29K 
36: R27         Property and Equipment (Details Narrative)          HTML     17K 
37: R28         Rental Equipment (Details)                          HTML     21K 
38: R29         Rental Equipment (Details Narrative)                HTML     16K 
39: R30         Lines of Credit (Details Narrative)                 HTML     60K 
40: R31         Related-Party Transactions (Details)                HTML     33K 
41: R32         Related-Party Transactions (Details Narrative)      HTML     41K 
42: R33         Notes Payable (Details)                             HTML     26K 
43: R34         Notes Payable (Details Narrative)                   HTML     16K 
44: R35         Joint Venture (Details Narrative)                   HTML     20K 
45: R36         Stockholders? Equity (Details Narrative)            HTML     31K 
48: XML         IDEA XML File -- Filing Summary                      XML     82K 
46: XML         XBRL Instance -- ammx_10q_htm                        XML    469K 
47: EXCEL       IDEA Workbook of Financial Reports                  XLSX     68K 
 6: EX-101.CAL  XBRL Calculations -- ammx-20220630_cal               XML    105K 
 7: EX-101.DEF  XBRL Definitions -- ammx-20220630_def                XML    202K 
 8: EX-101.LAB  XBRL Labels -- ammx-20220630_lab                     XML    522K 
 9: EX-101.PRE  XBRL Presentations -- ammx-20220630_pre              XML    401K 
 5: EX-101.SCH  XBRL Schema -- ammx-20220630                         XSD     86K 
49: JSON        XBRL Instance as JSON Data -- MetaLinks              220±   294K 
50: ZIP         XBRL Zipped Folder -- 0001099910-22-000157-xbrl      Zip    124K

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Note 1 - Organization and Basis of Presentation Organization and Line of Business AmeraMex International, Inc., (the “Company”) was incorporated on May 29, 1990 under the laws of the state of Nevada. The Company sells, leases and rents new and refurbished heavy equipment primarily in the U.S. The Company operates under the name of Hamre Equipment.

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Note 2 – Summary of Significant Accounting Policies Liquidity Considerations At June 30, 2022, the Company had working capital of approximately $3.2 million. <span id="xdx_900_ecustom--DescriptionOfSpecificTermsOfSeparateLoan_c20220101__20220630__us-gaap--LongtermDebtTypeAxis__custom--SBAPaycheckProtectionProgramMember_zMdEJMBZKVJ2" title="Description of specific terms of separate loan">The Company is actively working to obtain lines of credit or improve the terms compared to existing lines of credit in order to facilitate normal operations and fulfill growth needs. Moving forward, the Company expects to generate sufficient cash flows from operations to meet its obligations and expects to continue to obtain financing for equipment purchases in the normal course of business. The Company believes that its expected cash flows from operations, together with its new credit facility, will be sufficient to operate in the normal course of business for the next 12 months. Risks and Uncertainties In March 2020, the World Health Organization declared a novel strain of coronavirus (“COVID-19”) a pandemic, as a result of which the Company is subject to additional risks and uncertainties. In response to the pandemic, governments and organizations have taken preventative or protective actions, such as temporary closures of non-essential businesses and “shelter-at-home” guidelines for individuals. As a result, the global economy has been negatively affected, and the Company’s business has been negatively affected in a number of ways, the worst of which was felt in 2020. The Company had several large transactions that were put on hold until the State of California completely reopened. In addition, the Company had all sales, administrative and account employees working from home. Shop employees were practicing social distancing and only one customer was allowed in the facility at a time. Most directly, a number of states and local governments had taken steps that prohibited or curtailed the sale of equipment or curtailed construction activities during the pandemic. In some jurisdictions, shelter-at-home orders, or other orders related to the pandemic, had impeded and continue to impede equipment sales. With the reopening of the State of California. the Company has experienced a resurgence in sales and rentals of both new and used equipment. The nationwide shortages in truck drivers and the increase in fuel prices has led to higher costs to transport equipment and delays in deliveries to customers. The severity of the impact of COVID-19 on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, all of which are uncertain and cannot be predicted. The Company’s future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms. Given the dynamic nature of this situation, the Company cannot predict with absolute certainty, the ultimate impact of COVID-19 on its financial condition, results of operations or cash flows. Basis of Presentation The unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, within the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The unaudited interim financial statements have been prepared on a basis consistent with the audited financial statements and in the opinion of management, reflect all adjustments, consisting of only normal recurring adjustments, necessary for the fair presentation of the results for the interim periods presented and of the financial condition as of the date of the interim balance sheet. The financial data and the other information disclosed in these notes to the interim financial statements related to the three and six-month periods are unaudited. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2021 and notes thereto that are included in the Company’s Annual Report on Form 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Significant estimates in these unaudited interim financial statements include the allowance for doubtful accounts, inventory allowances and estimated useful life of property and equipment. Line of Credit Issuance Costs The Company capitalizes and amortizes direct issue costs incurred in connection with its line of credit arrangement. On or about March 30, 2019 (see Note 6), the Company incurred $245,000 in costs comprised of origination fees totaling approximately $180,000 and appraisal costs of approximately $65,000. These costs are amortized on a straight-line basis over the term of the debt. Included in Other Assets in the accompanying balance sheet. As of June 30, 2022, there are no remaining unamortized loan fees. During the three and six months ended June 30, 2022 and 2021, the Company amortized $14,307, $14,307 and $20,417, $40,833 in loan fees, respectively. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”) which supersedes ASC Topic 840, Leases. ASU 2016-02 requires lessees to recognize a right-of-use asset and a lease liability on their balance sheets for all leases with terms greater than 12 months. Based on certain criteria, leases will be classified as either financing or operating, with classification affecting the pattern of expense recognition in the income statement. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2021 for smaller reporting companies, and interim periods within those years, with early adoption permitted. The Company adopted this new standard on January 1, 2022. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. In July 2018, the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements” that allows entities to apply the provisions of the new standard at the effective date, as opposed to the earliest period presented under the modified retrospective transition approach and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The modified retrospective approach includes a number of optional practical expedients primarily focused on leases that commenced before the effective date of Topic 842, including continuing to account for leases that commence before the effective date in accordance with previous guidance, unless the lease is modified. On January 1, 2022, the Company adopted Accounting Standards Update No. 2016-02, Lease (topic 842)(ASU 2016-02) which establishes ASC 842 and supersedes the lease accounting guidance under ASC 840. The standard generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet and provide enhanced disclosers on the amount, timing and uncertainty of cash flows arising from lease arrangements. The Company adopted ASC 842 using the modified retrospective approach. The Company elected the package of practical expedients available for existing contracts, which allowed the Company to carry forward our historical assessments of lease identification, lease classification and initial direct costs. The Company also elected a policy to not apply the recognition requirements of ASC 842 for short-term leases with a term of 12 months or less. As of January 1, 2022, the effective date, the Company identified one operating lease arrangement relating to the Company’s headquarter facility. The adoption of ASC 842 resulted in a recognition of an ROU asset and lease liability on the Company’s balance sheet relating to the leases as of January 1, 2022. The adoption of the standard did not have a material effect on the Company’s statements of operations and statements of cash flows.

</us-gaap:SignificantAccountingPoliciesTextBlock>

<ammx:LiquidityConsiderationsPolicyTextBlock contextRef="From2022-01-01to2022-06-30">

Liquidity Considerations At June 30, 2022, the Company had working capital of approximately $3.2 million. <span id="xdx_900_ecustom--DescriptionOfSpecificTermsOfSeparateLoan_c20220101__20220630__us-gaap--LongtermDebtTypeAxis__custom--SBAPaycheckProtectionProgramMember_zMdEJMBZKVJ2" title="Description of specific terms of separate loan">The Company is actively working to obtain lines of credit or improve the terms compared to existing lines of credit in order to facilitate normal operations and fulfill growth needs. Moving forward, the Company expects to generate sufficient cash flows from operations to meet its obligations and expects to continue to obtain financing for equipment purchases in the normal course of business. The Company believes that its expected cash flows from operations, together with its new credit facility, will be sufficient to operate in the normal course of business for the next 12 months.

</ammx:LiquidityConsiderationsPolicyTextBlock>

<ammx:WorkingCapital contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 3200000 </ammx:WorkingCapital>

<ammx:DescriptionOfSpecificTermsOfSeparateLoan contextRef="From2022-01-012022-06-30_custom_SBAPaycheckProtectionProgramMember"> The Company is actively working to obtain lines of credit or improve the terms compared to existing lines of credit in order to facilitate normal operations and fulfill growth needs. </ammx:DescriptionOfSpecificTermsOfSeparateLoan>

<ammx:UnusualRisksAndUncertaintiesPolicyTextBlock contextRef="From2022-01-01to2022-06-30">

Risks and Uncertainties In March 2020, the World Health Organization declared a novel strain of coronavirus (“COVID-19”) a pandemic, as a result of which the Company is subject to additional risks and uncertainties. In response to the pandemic, governments and organizations have taken preventative or protective actions, such as temporary closures of non-essential businesses and “shelter-at-home” guidelines for individuals. As a result, the global economy has been negatively affected, and the Company’s business has been negatively affected in a number of ways, the worst of which was felt in 2020. The Company had several large transactions that were put on hold until the State of California completely reopened. In addition, the Company had all sales, administrative and account employees working from home. Shop employees were practicing social distancing and only one customer was allowed in the facility at a time. Most directly, a number of states and local governments had taken steps that prohibited or curtailed the sale of equipment or curtailed construction activities during the pandemic. In some jurisdictions, shelter-at-home orders, or other orders related to the pandemic, had impeded and continue to impede equipment sales. With the reopening of the State of California. the Company has experienced a resurgence in sales and rentals of both new and used equipment. The nationwide shortages in truck drivers and the increase in fuel prices has led to higher costs to transport equipment and delays in deliveries to customers. The severity of the impact of COVID-19 on the Company’s business will depend on a number of factors, including, but not limited to, the duration and severity of the pandemic and the extent and severity of the impact on the Company’s customers, all of which are uncertain and cannot be predicted. The Company’s future results of operations and liquidity could be adversely impacted by delays in payments of outstanding receivable amounts beyond normal payment terms. Given the dynamic nature of this situation, the Company cannot predict with absolute certainty, the ultimate impact of COVID-19 on its financial condition, results of operations or cash flows.

</ammx:UnusualRisksAndUncertaintiesPolicyTextBlock>

<us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2022-01-01to2022-06-30">

Basis of Presentation The unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, within the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and disclosures normally included in the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The unaudited interim financial statements have been prepared on a basis consistent with the audited financial statements and in the opinion of management, reflect all adjustments, consisting of only normal recurring adjustments, necessary for the fair presentation of the results for the interim periods presented and of the financial condition as of the date of the interim balance sheet. The financial data and the other information disclosed in these notes to the interim financial statements related to the three and six-month periods are unaudited. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2021 and notes thereto that are included in the Company’s Annual Report on Form 10-K.

</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>

<us-gaap:UseOfEstimates contextRef="From2022-01-01to2022-06-30">

Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Significant estimates in these unaudited interim financial statements include the allowance for doubtful accounts, inventory allowances and estimated useful life of property and equipment.

</us-gaap:UseOfEstimates>

<us-gaap:DebtPolicyTextBlock contextRef="From2022-01-01to2022-06-30">

Line of Credit Issuance Costs The Company capitalizes and amortizes direct issue costs incurred in connection with its line of credit arrangement. On or about March 30, 2019 (see Note 6), the Company incurred $245,000 in costs comprised of origination fees totaling approximately $180,000 and appraisal costs of approximately $65,000. These costs are amortized on a straight-line basis over the term of the debt. Included in Other Assets in the accompanying balance sheet. As of June 30, 2022, there are no remaining unamortized loan fees. During the three and six months ended June 30, 2022 and 2021, the Company amortized $14,307, $14,307 and $20,417, $40,833 in loan fees, respectively.

</us-gaap:DebtPolicyTextBlock>

<ammx:LineOfCreditFacilityOriginationsFeeAmount contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 245000 </ammx:LineOfCreditFacilityOriginationsFeeAmount>

<ammx:OriginationsFees contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 180000 </ammx:OriginationsFees>

<ammx:AppraisalCosts contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 65000 </ammx:AppraisalCosts>

<ammx:UnamortizedLoanFees contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 0 </ammx:UnamortizedLoanFees>

<ammx:AmortizedLoanFee contextRef="From2022-04-012022-06-30" decimals="0" unitRef="USD"> 14307 </ammx:AmortizedLoanFee>

<ammx:AmortizedLoanFee contextRef="From2021-04-012021-06-30" decimals="0" unitRef="USD"> 14307 </ammx:AmortizedLoanFee>

<ammx:AmortizedLoanFee contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 20417 </ammx:AmortizedLoanFee>

<ammx:AmortizedLoanFee contextRef="From2021-01-012021-06-30" decimals="0" unitRef="USD"> 40833 </ammx:AmortizedLoanFee>

<us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock contextRef="From2022-01-01to2022-06-30">

Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)” (“ASU 2016-02”) which supersedes ASC Topic 840, Leases. ASU 2016-02 requires lessees to recognize a right-of-use asset and a lease liability on their balance sheets for all leases with terms greater than 12 months. Based on certain criteria, leases will be classified as either financing or operating, with classification affecting the pattern of expense recognition in the income statement. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. ASU 2016-02 is effective for fiscal years beginning after December 15, 2021 for smaller reporting companies, and interim periods within those years, with early adoption permitted. The Company adopted this new standard on January 1, 2022. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. In July 2018, the FASB issued ASU No. 2018-11, “Leases (Topic 842): Targeted Improvements” that allows entities to apply the provisions of the new standard at the effective date, as opposed to the earliest period presented under the modified retrospective transition approach and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The modified retrospective approach includes a number of optional practical expedients primarily focused on leases that commenced before the effective date of Topic 842, including continuing to account for leases that commence before the effective date in accordance with previous guidance, unless the lease is modified. On January 1, 2022, the Company adopted Accounting Standards Update No. 2016-02, Lease (topic 842)(ASU 2016-02) which establishes ASC 842 and supersedes the lease accounting guidance under ASC 840. The standard generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use (ROU) assets on the balance sheet and provide enhanced disclosers on the amount, timing and uncertainty of cash flows arising from lease arrangements. The Company adopted ASC 842 using the modified retrospective approach. The Company elected the package of practical expedients available for existing contracts, which allowed the Company to carry forward our historical assessments of lease identification, lease classification and initial direct costs. The Company also elected a policy to not apply the recognition requirements of ASC 842 for short-term leases with a term of 12 months or less. As of January 1, 2022, the effective date, the Company identified one operating lease arrangement relating to the Company’s headquarter facility. The adoption of ASC 842 resulted in a recognition of an ROU asset and lease liability on the Company’s balance sheet relating to the leases as of January 1, 2022. The adoption of the standard did not have a material effect on the Company’s statements of operations and statements of cash flows.

</us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock>

<us-gaap:InventoryDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 3 – Inventory Inventory as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Inventory <table cellpadding="0" cellspacing="0" id="xdx_30C_134_zYhtStStk9yj" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Inventory (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_494_20220630_zpxhTYolYTpg" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zdlodVBxRKhj" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_404_eus-gaap--InventoryNet_iI_hus-gaap--PublicUtilitiesInventoryAxis__us-gaap--PublicUtilitiesInventorySuppliesMember_z3TpLYWWl5ok" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Parts and supplies</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">499,263</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">351,755</td> <td style="width: 1%"> </td></tr> <tr id="xdx_40D_eus-gaap--InventoryNet_iI_hus-gaap--PublicUtilitiesInventoryAxis__custom--HeavyEquipmentMember_zBEU6U9cxOGj" style="vertical-align: bottom; background-color: white"> <td>Heavy equipment</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">8,915,608</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">4,834,109</td> <td> </td></tr> <tr id="xdx_407_eus-gaap--InventoryNet_iI_zZ5QpbIh3Krf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">9,414,871</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">5,185,864</td> <td> </td></tr> </table> All of the inventory is used as collateral for the lines of credit and notes payable (see Notes 6 and 8).

</us-gaap:InventoryDisclosureTextBlock>

<us-gaap:ScheduleOfInventoryCurrentTableTextBlock contextRef="From2022-01-01to2022-06-30">

Inventory as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Inventory <table cellpadding="0" cellspacing="0" id="xdx_30C_134_zYhtStStk9yj" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Inventory (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_494_20220630_zpxhTYolYTpg" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zdlodVBxRKhj" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_404_eus-gaap--InventoryNet_iI_hus-gaap--PublicUtilitiesInventoryAxis__us-gaap--PublicUtilitiesInventorySuppliesMember_z3TpLYWWl5ok" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Parts and supplies</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">499,263</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">351,755</td> <td style="width: 1%"> </td></tr> <tr id="xdx_40D_eus-gaap--InventoryNet_iI_hus-gaap--PublicUtilitiesInventoryAxis__custom--HeavyEquipmentMember_zBEU6U9cxOGj" style="vertical-align: bottom; background-color: white"> <td>Heavy equipment</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">8,915,608</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">4,834,109</td> <td> </td></tr> <tr id="xdx_407_eus-gaap--InventoryNet_iI_zZ5QpbIh3Krf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">9,414,871</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">5,185,864</td> <td> </td></tr> </table>

</us-gaap:ScheduleOfInventoryCurrentTableTextBlock>

<us-gaap:InventoryNet contextRef="AsOf2022-06-30_us-gaap_PublicUtilitiesInventorySuppliesMember" decimals="0" unitRef="USD"> 499263 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="AsOf2021-12-31_us-gaap_PublicUtilitiesInventorySuppliesMember" decimals="0" unitRef="USD"> 351755 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="AsOf2022-06-30_custom_HeavyEquipmentMember" decimals="0" unitRef="USD"> 8915608 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="AsOf2021-12-31_custom_HeavyEquipmentMember" decimals="0" unitRef="USD"> 4834109 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 9414871 </us-gaap:InventoryNet>

<us-gaap:InventoryNet contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 5185864 </us-gaap:InventoryNet>

<us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 4 – Property and Equipment Property and equipment includes assets held for internal use; as of June 30, 2022 and December 31, 2021, such property and equipment consisted of the following: Schedule of Property, Plant and Equipment <table cellpadding="0" cellspacing="0" id="xdx_304_134_zwBPSyrc2DZa" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Property and Equipment (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_494_20220630_zgSsg60bjpwh" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zChKcBTxB1T1" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_40B_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zxA7PpF8zDac" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Furniture and fixtures</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">107,105</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">107,105</td> <td style="width: 1%"> </td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zA2oLpkbuMIf" style="vertical-align: bottom; background-color: white"> <td>Leasehold improvements</td> <td> </td> <td> </td> <td style="text-align: right">505,171</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">505,171</td> <td> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VehiclesAndEquipmentMember_zBRWVoJlT32b" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Vehicles and Equipment</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,421,880</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,086,285</td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentGross_iI_zi1ExvVQ2Tnc" style="vertical-align: bottom; background-color: white"> <td>Total, at cost</td> <td> </td> <td> </td> <td style="text-align: right">3,034,156</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,698,561</td> <td> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_zAK5RToIiBSf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Less - Accumulated depreciation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(1,576,922</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(1,422,844</td> <td>)</td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentNet_iI_zBxEHDZXrmyi" style="vertical-align: bottom; background-color: white"> <td>Total, Net</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,457,234</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,275,717</td> <td> </td></tr> </table> Depreciation expense for the three and six months ended June 30, 2022 and 2021 was $78,005, $154,079 and $69,198, $142,568, respectively. All the property and equipment is used as collateral for the lines of credit and notes payable (see Notes 6 and 8).

</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>

<us-gaap:PropertyPlantAndEquipmentTextBlock contextRef="From2022-01-01to2022-06-30">

Property and equipment includes assets held for internal use; as of June 30, 2022 and December 31, 2021, such property and equipment consisted of the following: Schedule of Property, Plant and Equipment <table cellpadding="0" cellspacing="0" id="xdx_304_134_zwBPSyrc2DZa" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Property and Equipment (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_494_20220630_zgSsg60bjpwh" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zChKcBTxB1T1" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_40B_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zxA7PpF8zDac" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Furniture and fixtures</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">107,105</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">107,105</td> <td style="width: 1%"> </td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zA2oLpkbuMIf" style="vertical-align: bottom; background-color: white"> <td>Leasehold improvements</td> <td> </td> <td> </td> <td style="text-align: right">505,171</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">505,171</td> <td> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VehiclesAndEquipmentMember_zBRWVoJlT32b" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Vehicles and Equipment</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,421,880</td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">2,086,285</td> <td> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentGross_iI_zi1ExvVQ2Tnc" style="vertical-align: bottom; background-color: white"> <td>Total, at cost</td> <td> </td> <td> </td> <td style="text-align: right">3,034,156</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,698,561</td> <td> </td></tr> <tr id="xdx_400_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_zAK5RToIiBSf" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Less - Accumulated depreciation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(1,576,922</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(1,422,844</td> <td>)</td></tr> <tr id="xdx_400_eus-gaap--PropertyPlantAndEquipmentNet_iI_zBxEHDZXrmyi" style="vertical-align: bottom; background-color: white"> <td>Total, Net</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,457,234</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,275,717</td> <td> </td></tr> </table>

</us-gaap:PropertyPlantAndEquipmentTextBlock>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2022-06-30_us-gaap_FurnitureAndFixturesMember" decimals="0" unitRef="USD"> 107105 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2021-12-31_us-gaap_FurnitureAndFixturesMember" decimals="0" unitRef="USD"> 107105 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2022-06-30_us-gaap_LeaseholdImprovementsMember" decimals="0" unitRef="USD"> 505171 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2021-12-31_us-gaap_LeaseholdImprovementsMember" decimals="0" unitRef="USD"> 505171 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2022-06-30_custom_VehiclesAndEquipmentMember" decimals="0" unitRef="USD"> 2421880 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2021-12-31_custom_VehiclesAndEquipmentMember" decimals="0" unitRef="USD"> 2086285 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 3034156 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:PropertyPlantAndEquipmentGross contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 2698561 </us-gaap:PropertyPlantAndEquipmentGross>

<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 1576922 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>

<us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 1422844 </us-gaap:AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment>

<us-gaap:PropertyPlantAndEquipmentNet contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 1457234 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:PropertyPlantAndEquipmentNet contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 1275717 </us-gaap:PropertyPlantAndEquipmentNet>

<us-gaap:Depreciation contextRef="From2022-04-012022-06-30" decimals="0" unitRef="USD"> 78005 </us-gaap:Depreciation>

<us-gaap:Depreciation contextRef="From2021-04-012021-06-30" decimals="0" unitRef="USD"> 154079 </us-gaap:Depreciation>

<us-gaap:Depreciation contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 69198 </us-gaap:Depreciation>

<us-gaap:Depreciation contextRef="From2021-01-012021-06-30" decimals="0" unitRef="USD"> 142568 </us-gaap:Depreciation>

<ammx:RentalEquipmentTextBlock contextRef="From2022-01-01to2022-06-30">

Note 5 – Rental Equipment Rental equipment as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Rental Equipment <table cellpadding="0" cellspacing="0" id="xdx_303_134_zVcZpoFZ3ko5" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Rental Equipment (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_499_20220630_zO5Ll05l9lp3" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zkVOqQNuk6Ig" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_40F_ecustom--RentalEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RentalEquipmentMember_zFIQMOPZ23ag" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Rental equipment</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">4,053,622</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">4,210,209</td> <td style="width: 1%"> </td></tr> <tr id="xdx_407_ecustom--AccumulatedDepreciationDepletionAndAmortizationRentalEquipment_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RentalEquipmentMember_zfWy1zYM5m1b" style="vertical-align: bottom; background-color: white"> <td>Less - Accumulated depreciation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,970,428</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,748,493</td> <td>)</td></tr> <tr id="xdx_407_ecustom--RentalEquipmentNet_iI_zbZbA3p1qN5a" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total, Net</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,083,194</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,461,716</td> <td> </td></tr> </table> Depreciation expense for the three and six months ended June 30, 2022 and 2021 was $109,889, $221,934 and $190,681, $375,459, respectively. All the rental equipment is used as collateral for the lines of credit and notes payable (see Notes 6 and 8).

</ammx:RentalEquipmentTextBlock>

<ammx:ScheduleOfRentalEquipmentTableTextBlock contextRef="From2022-01-01to2022-06-30">

Rental equipment as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Rental Equipment <table cellpadding="0" cellspacing="0" id="xdx_303_134_zVcZpoFZ3ko5" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Rental Equipment (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_499_20220630_zO5Ll05l9lp3" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_495_20211231_zkVOqQNuk6Ig" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_40F_ecustom--RentalEquipmentGross_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RentalEquipmentMember_zFIQMOPZ23ag" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 64%">Rental equipment</td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">4,053,622</td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 1%">$</td> <td style="width: 15%; text-align: right">4,210,209</td> <td style="width: 1%"> </td></tr> <tr id="xdx_407_ecustom--AccumulatedDepreciationDepletionAndAmortizationRentalEquipment_iI_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--RentalEquipmentMember_zfWy1zYM5m1b" style="vertical-align: bottom; background-color: white"> <td>Less - Accumulated depreciation</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,970,428</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(2,748,493</td> <td>)</td></tr> <tr id="xdx_407_ecustom--RentalEquipmentNet_iI_zbZbA3p1qN5a" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total, Net</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,083,194</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,461,716</td> <td> </td></tr> </table>

</ammx:ScheduleOfRentalEquipmentTableTextBlock>

<ammx:RentalEquipmentGross contextRef="AsOf2022-06-30_custom_RentalEquipmentMember" decimals="0" unitRef="USD"> 4053622 </ammx:RentalEquipmentGross>

<ammx:RentalEquipmentGross contextRef="AsOf2021-12-31_custom_RentalEquipmentMember" decimals="0" unitRef="USD"> 4210209 </ammx:RentalEquipmentGross>

<ammx:AccumulatedDepreciationDepletionAndAmortizationRentalEquipment contextRef="AsOf2022-06-30_custom_RentalEquipmentMember" decimals="0" unitRef="USD"> -2970428 </ammx:AccumulatedDepreciationDepletionAndAmortizationRentalEquipment>

<ammx:AccumulatedDepreciationDepletionAndAmortizationRentalEquipment contextRef="AsOf2021-12-31_custom_RentalEquipmentMember" decimals="0" unitRef="USD"> -2748493 </ammx:AccumulatedDepreciationDepletionAndAmortizationRentalEquipment>

<ammx:RentalEquipmentNet contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 1083194 </ammx:RentalEquipmentNet>

<ammx:RentalEquipmentNet contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 1461716 </ammx:RentalEquipmentNet>

<ammx:DepreciationRentalExpense contextRef="From2022-04-012022-06-30" decimals="0" unitRef="USD"> 109889 </ammx:DepreciationRentalExpense>

<ammx:DepreciationRentalExpense contextRef="From2021-04-012021-06-30" decimals="0" unitRef="USD"> 221934 </ammx:DepreciationRentalExpense>

<ammx:DepreciationRentalExpense contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 190681 </ammx:DepreciationRentalExpense>

<ammx:DepreciationRentalExpense contextRef="From2021-01-012021-06-30" decimals="0" unitRef="USD"> 375459 </ammx:DepreciationRentalExpense>

<us-gaap:DebtDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 6 – Lines of Credit On April 12, 2022 the limit on our equipment flooring plan line of credit with a finance company which previously provided for borrowing up to $1,050,000 was decreased to $300,000 due to lack of utilization. The line of credit is secured by the equipment purchased and is interest free if paid within 180 days from the finance date. <span id="xdx_901_ecustom--InterestRateDescrpition_c20220101__20220630__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_z0gwid3CrVD3" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">After the applicable free interest period, interest calculates as follows: 30 day LIBOR plus 6.75% - rate after Free Period to Day 365, 30 day LIBOR plus 7.00% - Rate Day 366 to 720, 30 Day LIBOR plus 7.25% - Rate Day 721 to 1095, 30 Day LIBOR plus 12.00% Matured Rate Day 1096 and above. Each piece of equipment has its own calculations based on the date of purchase. At June 30, 2022 and December 31, 2021, the amounts outstanding under this line of credit agreement were $<span id="xdx_903_eus-gaap--LineOfCreditFacilityAverageOutstandingAmount_c20220101__20220630__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zbxTFyZlzEM1">101,405 with $<span id="xdx_904_eus-gaap--LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod_c20220101__20220630__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zNptqfacger5">198,595 available and $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityCurrentBorrowingCapacity_iI_c20220630__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zA7NVOAuPVM7" title="Line of Credit Facility, Current Borrowing Capacity">23,026 with $<span id="xdx_90C_eus-gaap--LineOfCreditFacilityRemainingBorrowingCapacity_iI_c20220630__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zZiCKUAQIlJ5">1,026,974 available, respectively. Interest expense for the three and six months ended June 30, 2022 and 2021 was $104, $1,097 and $688, $3,302, respectively. The agreement has no expiration date provided the Company does not default and as of June 30, 2022 the Company is in compliance with the debt covenants. On or about March 31, 2019, the Company entered into a line of credit with a finance company that provides for borrowing and refinancing up to $6.5 million. The credit facility was to expire on March 28, 2022; however, a 126-day extension was granted by the finance company while the Company finalizes the new line of credit. Interest is due monthly at a rate of 10%, per annum. Principal only becomes due and payable if the Company reaches the maximum balance under the credit facility, which management does not expect to reach. If the maximum balance is reached, the principal becomes payable at 1.25% of the outstanding principal balance per month. <span id="xdx_901_eus-gaap--LineOfCreditFacilityCollateral_c20220101__20220630__us-gaap--CreditFacilityAxis__custom--LineOfCredit1Member_zWgESiaT7xS7" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The line of credit is secured by specified pieces of equipment. At June 30, 2022 and December 31, 2021, the amounts outstanding under this line of credit agreement were $2,036,469 with $4,463,531 available for purchases and $<span id="xdx_903_eus-gaap--LineOfCreditFacilityCurrentBorrowingCapacity_iI_c20211231__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zvoMErYMnDGi">3,157,941 with $<span id="xdx_905_eus-gaap--LineOfCreditFacilityRemainingBorrowingCapacity_iI_c20211231__us-gaap--CreditFacilityAxis__us-gaap--LineOfCreditMember__us-gaap--DebtInstrumentAxis__us-gaap--LondonInterbankOfferedRateLIBORMember_zH5uPqfeuiBh">3,342,059 available, respectively. Interest expense for the three and six months ended June 30, 2022 and 2021 was $38,639, $145,655 and $125,793, $261,328, respectively. On January 28, 2022, the Company entered into a line of credit (flooring plan) with a finance company that provides for borrowing up to $3,500,000. The line of credit is secured by the equipment purchased and is interest free if paid within 180 days from finance date. After applicable free interest period the line rolls over to a 60-month amortization. Pricing after the interest free period will be one month Secured Overnight Financing Rate (“SOFT”) + 4.00. At June 30, 2022, the amount outstanding under the line of credit agreement was $1,324,568 with $2,175,432 available for purchases with no interest expense due.

</us-gaap:DebtDisclosureTextBlock>

<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="AsOf2022-06-30_us-gaap_LineOfCreditMember_srt_MaximumMember" decimals="0" unitRef="USD"> 1050000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>

<us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity contextRef="AsOf2022-06-30_us-gaap_LineOfCreditMember_srt_MinimumMember" decimals="0" unitRef="USD"> 300000 </us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>

<us-gaap:LineOfCreditFacilityInterestRateDescription contextRef="From2022-01-012022-06-30_us-gaap_LineOfCreditMember"> interest free if paid within 180 days from the finance date. </us-gaap:LineOfCreditFacilityInterestRateDescription>

<ammx:InterestRateDescrpition contextRef="From2022-01-012022-06-30_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember"> After the applicable free interest period, interest calculates as follows: 30 day LIBOR plus 6.75% - rate after Free Period to Day 365, 30 day LIBOR plus 7.00% - Rate Day 366 to 720, 30 Day LIBOR plus 7.25% - Rate Day 721 to 1095, 30 Day LIBOR plus 12.00% Matured Rate Day 1096 and above </ammx:InterestRateDescrpition>

<us-gaap:LineOfCreditFacilityAverageOutstandingAmount contextRef="From2022-01-012022-06-30_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 101405 </us-gaap:LineOfCreditFacilityAverageOutstandingAmount>

<us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod contextRef="From2022-01-012022-06-30_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 198595 </us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod>

<us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity contextRef="AsOf2022-06-30_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 23026 </us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>

<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="AsOf2022-06-30_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 1026974 </us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2022-04-012022-06-30_us-gaap_LineOfCreditMember" decimals="0" unitRef="USD"> 104 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2021-04-012021-06-30_us-gaap_LineOfCreditMember" decimals="0" unitRef="USD"> 1097 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2022-01-012022-06-30_us-gaap_LineOfCreditMember" decimals="0" unitRef="USD"> 688 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2021-01-012021-06-30_us-gaap_LineOfCreditMember" decimals="0" unitRef="USD"> 3302 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity contextRef="AsOf2019-03-31_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 6500000 </us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>

<us-gaap:LineOfCreditFacilityInterestRateDuringPeriod contextRef="From2022-01-012022-06-30_custom_LineOfCredit1Member" decimals="INF" unitRef="Pure"> 0.10 </us-gaap:LineOfCreditFacilityInterestRateDuringPeriod>

<ammx:LineOfCreditFacilityInterestRateDescription1 contextRef="From2022-01-012022-06-30_custom_LineOfCredit1Member"> If the maximum balance is reached, the principal becomes payable at 1.25% of the outstanding principal balance per month. </ammx:LineOfCreditFacilityInterestRateDescription1>

<us-gaap:LineOfCreditFacilityCollateral contextRef="From2022-01-012022-06-30_custom_LineOfCredit1Member"> The line of credit is secured by specified pieces of equipment </us-gaap:LineOfCreditFacilityCollateral>

<us-gaap:LineOfCredit contextRef="AsOf2022-06-30_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 2036469 </us-gaap:LineOfCredit>

<us-gaap:LineOfCredit contextRef="AsOf2021-12-31_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 4463531 </us-gaap:LineOfCredit>

<us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity contextRef="AsOf2021-12-31_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 3157941 </us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>

<us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity contextRef="AsOf2021-12-31_us-gaap_LineOfCreditMember_us-gaap_LondonInterbankOfferedRateLIBORMember" decimals="0" unitRef="USD"> 3342059 </us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2022-04-012022-06-30_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 38639 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2021-04-012021-06-30_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 145655 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2022-01-012022-06-30_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 125793 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityPeriodicPaymentInterest contextRef="From2021-01-012021-06-30_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 261328 </us-gaap:LineOfCreditFacilityPeriodicPaymentInterest>

<us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity contextRef="AsOf2022-01-28_custom_LineOfCredit1Member" decimals="0" unitRef="USD"> 3500000 </us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>

<us-gaap:LineOfCredit contextRef="AsOf2022-06-30_custom_LineOfCredit2Member" decimals="0" unitRef="USD"> 1324568 </us-gaap:LineOfCredit>

<us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity contextRef="AsOf2022-06-30_custom_LineOfCredit2Member" decimals="0" unitRef="USD"> 2175432 </us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity>

<us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 7 – Related-Party Transactions Related-Party Note Payable The Company had a note payable to the Company’s Chief Executive Officer, which was fully repaid in 2021. The note was interest bearing at <span id="xdx_903_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_dp_uPure_c20220101__20220630__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember__us-gaap--LongtermDebtTypeAxis__us-gaap--UnsecuredDebtMember_zoWr7lnrihZa">10% per annum, unsecured and payable upon demand. During the three and six months ended June 30, 2021, the note incurred $9,890 and $19,447 in interest expense, respectively. Lease The Company leases a building and real property in Chico, California under a lease agreement renewing annually every March from a trust whose trustee is the Company’s Chief Executive Officer. The overall term of the lease is ten (10) years. The lease provided for monthly lease payments of $<span id="xdx_908_ecustom--MonthlyLeasePayable_c20220101__20220630__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zvRUq1qjVi55" title="Monthly Lease Payable">12,000 per month. Rent expense during the three and six months ended June 30, 2022 and 2021, was $<span id="xdx_904_eus-gaap--LeaseAndRentalExpense_c20220401__20220630__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_z8fNiORVrEy6" title="Rent expense">36,000, $<span id="xdx_90B_eus-gaap--LeaseAndRentalExpense_c20210401__20210630__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_ztFZxLZA25Bc" title="Rent Expense">72,000 and $<span id="xdx_903_eus-gaap--LeaseAndRentalExpense_c20220101__20220630__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zXiuW2JlX6k5" title="Rent Expense">36,000, $<span id="xdx_90F_eus-gaap--LeaseAndRentalExpense_c20210101__20210630__us-gaap--TypeOfArrangementAxis__custom--LeaseAgreementMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_z3k3gyGSKKh5" title="Rent Expense">72,000, respectively. The operating lease liabilities of $828,725 as of June 30, 2022, represents the discounted (at 8% incremental borrowing rate) value of the future lease payments at June 30, 2022. At June 30, 2022, the future undiscounted minimum lease payments under the noncancellable leases are as follows: Minimum lease payment under noncancellable leases <table cellpadding="0" cellspacing="0" id="xdx_308_134_zRJJP3Ermf4e" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Related-Party Transactions (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_49B_20220630_zel56VqCcUKe" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iI_zl7u8PJE7E2e" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%">For the six-month period ending December 31, 2022</td> <td style="width: 10%"> </td> <td style="width: 1%">$</td> <td style="width: 17%; text-align: right">72,000</td> <td style="width: 1%"> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_iI_zLoHu5Ohh029" style="vertical-align: bottom; background-color: white"> <td>Year ending December 31, 2023</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_iI_zJih8LrJdQVj" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Year ending December 31, 2024</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_402_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_iI_zGADGPPStfb8" style="vertical-align: bottom; background-color: white"> <td>Year ending December 31, 2025</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFive_iI_zFsZVS5FWlwi" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Year ending December 31, 2026</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiabilityPaymentsDueAfterYearFive_iI_zM5s6MoiM80f" style="vertical-align: bottom; background-color: white"> <td>Thereafter</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">456,000</td> <td> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iI_z78WE7gbRd1a" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total undiscounted finance lease payments</td> <td> </td> <td>$</td> <td style="text-align: right">1,104,000</td> <td> </td></tr> <tr id="xdx_407_ecustom--ImputedInterest_iI_z38BYsU4BFV2" style="vertical-align: bottom; background-color: white"> <td>Less: Imputed interest</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(275,275</td> <td>)</td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiability_iI_zOw9uEeFgAc7" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Present value of finance lease liabilities</td> <td> </td> <td> </td> <td style="text-align: right">828,725</td> <td> </td></tr> </table> Transactions with Director Two separate customers lost financing for purchases of equipment after delivery, so the Company sold the machines to the brokerage company of one of the Company’s Directors. The customers are now renting the machines on a rent-to-own basis and the Company is purchasing the machines from the brokerage. The Company has two notes payable tied to these transactions that, at June 30, 2022 and December 31, 2021, have a combined total due of $<span id="xdx_905_eus-gaap--NotesReceivableRelatedPartiesNoncurrent_iI_c20220630__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember__us-gaap--DebtInstrumentAxis__custom--TwoNotesPayableMember_zXtMScWlWAe">79,225 and $<span id="xdx_906_eus-gaap--NotesReceivableRelatedPartiesNoncurrent_iI_c20211231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember__us-gaap--DebtInstrumentAxis__custom--TwoNotesPayableMember_z3678PiFS3Ck">109,482 respectively. The notes are secured by the equipment. The Company also has another note payable that was brokered through the same Director’s company. The note is secured with equipment and as of June 30, 2022 and December 31, 2021 had a total due of $<span id="xdx_904_eus-gaap--NotesReceivableRelatedPartiesNoncurrent_iI_c20220630__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--DebtInstrumentAxis__custom--OtherNotesPayableMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember_ze0wMMdJDZH6" title="Amount due to the related party">165,161 and $<span id="xdx_90B_eus-gaap--NotesReceivableRelatedPartiesNoncurrent_iI_c20211231__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--DebtInstrumentAxis__custom--OtherNotesPayableMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--EquipmentMember_zsRqVf6FnMWc">195,133, respectively.

</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>

<us-gaap:LineOfCreditFacilityInterestRateDuringPeriod contextRef="From2022-01-012022-06-30_srt_ChiefExecutiveOfficerMember_us-gaap_UnsecuredDebtMember" decimals="INF" unitRef="Pure"> 0.10 </us-gaap:LineOfCreditFacilityInterestRateDuringPeriod>

<us-gaap:InterestExpenseOther contextRef="From2021-04-012021-06-30" decimals="0" unitRef="USD"> 9890 </us-gaap:InterestExpenseOther>

<us-gaap:InterestExpenseOther contextRef="From2021-01-012021-06-30" decimals="0" unitRef="USD"> 19447 </us-gaap:InterestExpenseOther>

<ammx:MonthlyLeasePayable contextRef="From2022-01-012022-06-30_custom_LeaseAgreementMember_us-gaap_BuildingAndBuildingImprovementsMember_srt_ChiefExecutiveOfficerMember" decimals="0" unitRef="USD"> 12000 </ammx:MonthlyLeasePayable>

<us-gaap:LeaseAndRentalExpense contextRef="From2022-04-012022-06-30_custom_LeaseAgreementMember_us-gaap_BuildingAndBuildingImprovementsMember_srt_ChiefExecutiveOfficerMember" decimals="0" unitRef="USD"> 36000 </us-gaap:LeaseAndRentalExpense>

<us-gaap:LeaseAndRentalExpense contextRef="From2021-04-012021-06-30_custom_LeaseAgreementMember_us-gaap_BuildingAndBuildingImprovementsMember_srt_ChiefExecutiveOfficerMember" decimals="0" unitRef="USD"> 72000 </us-gaap:LeaseAndRentalExpense>

<us-gaap:LeaseAndRentalExpense contextRef="From2022-01-012022-06-30_custom_LeaseAgreementMember_us-gaap_BuildingAndBuildingImprovementsMember_srt_ChiefExecutiveOfficerMember" decimals="0" unitRef="USD"> 36000 </us-gaap:LeaseAndRentalExpense>

<us-gaap:LeaseAndRentalExpense contextRef="From2021-01-012021-06-30_custom_LeaseAgreementMember_us-gaap_BuildingAndBuildingImprovementsMember_srt_ChiefExecutiveOfficerMember" decimals="0" unitRef="USD"> 72000 </us-gaap:LeaseAndRentalExpense>

<us-gaap:OperatingLeaseLiability contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 828725 </us-gaap:OperatingLeaseLiability>

<us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock contextRef="From2022-01-01to2022-06-30">

At June 30, 2022, the future undiscounted minimum lease payments under the noncancellable leases are as follows: Minimum lease payment under noncancellable leases <table cellpadding="0" cellspacing="0" id="xdx_308_134_zRJJP3Ermf4e" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Related-Party Transactions (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_49B_20220630_zel56VqCcUKe" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--FinanceLeaseLiabilityPaymentsDueNextTwelveMonths_iI_zl7u8PJE7E2e" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 71%">For the six-month period ending December 31, 2022</td> <td style="width: 10%"> </td> <td style="width: 1%">$</td> <td style="width: 17%; text-align: right">72,000</td> <td style="width: 1%"> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearTwo_iI_zLoHu5Ohh029" style="vertical-align: bottom; background-color: white"> <td>Year ending December 31, 2023</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_40C_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearThree_iI_zJih8LrJdQVj" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Year ending December 31, 2024</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_402_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFour_iI_zGADGPPStfb8" style="vertical-align: bottom; background-color: white"> <td>Year ending December 31, 2025</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueYearFive_iI_zFsZVS5FWlwi" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Year ending December 31, 2026</td> <td> </td> <td> </td> <td style="text-align: right">144,000</td> <td> </td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiabilityPaymentsDueAfterYearFive_iI_zM5s6MoiM80f" style="vertical-align: bottom; background-color: white"> <td>Thereafter</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">456,000</td> <td> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iI_z78WE7gbRd1a" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Total undiscounted finance lease payments</td> <td> </td> <td>$</td> <td style="text-align: right">1,104,000</td> <td> </td></tr> <tr id="xdx_407_ecustom--ImputedInterest_iI_z38BYsU4BFV2" style="vertical-align: bottom; background-color: white"> <td>Less: Imputed interest</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(275,275</td> <td>)</td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiability_iI_zOw9uEeFgAc7" style="vertical-align: bottom; background-color: #CCEEFF"> <td>Present value of finance lease liabilities</td> <td> </td> <td> </td> <td style="text-align: right">828,725</td> <td> </td></tr> </table>

</us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock>

<us-gaap:FinanceLeaseLiabilityPaymentsDueNextTwelveMonths contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 72000 </us-gaap:FinanceLeaseLiabilityPaymentsDueNextTwelveMonths>

<us-gaap:FinanceLeaseLiabilityPaymentsDueYearTwo contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 144000 </us-gaap:FinanceLeaseLiabilityPaymentsDueYearTwo>

<us-gaap:FinanceLeaseLiabilityPaymentsDueYearThree contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 144000 </us-gaap:FinanceLeaseLiabilityPaymentsDueYearThree>

<us-gaap:FinanceLeaseLiabilityPaymentsDueYearFour contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 144000 </us-gaap:FinanceLeaseLiabilityPaymentsDueYearFour>

<us-gaap:FinanceLeaseLiabilityPaymentsDueYearFive contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 144000 </us-gaap:FinanceLeaseLiabilityPaymentsDueYearFive>

<us-gaap:FinanceLeaseLiabilityPaymentsDueAfterYearFive contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 456000 </us-gaap:FinanceLeaseLiabilityPaymentsDueAfterYearFive>

<us-gaap:FinanceLeaseLiabilityPaymentsDue contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 1104000 </us-gaap:FinanceLeaseLiabilityPaymentsDue>

<ammx:ImputedInterest contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> -275275 </ammx:ImputedInterest>

<us-gaap:FinanceLeaseLiability contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 828725 </us-gaap:FinanceLeaseLiability>

<us-gaap:NotesReceivableRelatedPartiesNoncurrent contextRef="AsOf2022-06-30_srt_DirectorMember_us-gaap_EquipmentMember_custom_TwoNotesPayableMember" decimals="0" unitRef="USD"> 79225 </us-gaap:NotesReceivableRelatedPartiesNoncurrent>

<us-gaap:NotesReceivableRelatedPartiesNoncurrent contextRef="AsOf2021-12-31_srt_DirectorMember_us-gaap_EquipmentMember_custom_TwoNotesPayableMember" decimals="0" unitRef="USD"> 109482 </us-gaap:NotesReceivableRelatedPartiesNoncurrent>

<us-gaap:NotesReceivableRelatedPartiesNoncurrent contextRef="AsOf2022-06-30_srt_DirectorMember_custom_OtherNotesPayableMember_us-gaap_EquipmentMember" decimals="0" unitRef="USD"> 165161 </us-gaap:NotesReceivableRelatedPartiesNoncurrent>

<us-gaap:NotesReceivableRelatedPartiesNoncurrent contextRef="AsOf2021-12-31_srt_DirectorMember_custom_OtherNotesPayableMember_us-gaap_EquipmentMember" decimals="0" unitRef="USD"> 195133 </us-gaap:NotesReceivableRelatedPartiesNoncurrent>

<us-gaap:LongTermDebtTextBlock contextRef="From2022-01-01to2022-06-30">

Note 8 – Notes Payable Notes payable as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Debt <table cellpadding="0" cellspacing="0" id="xdx_303_134_zbh7wcj64lr8" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Notes Payable (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_49F_20220630_z16fJkxwSiS2" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_496_20211231_zQ7B4SlHoWKh" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_400_eus-gaap--LongTermDebt_iI_hus-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember_zCbObUw4p3v2" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; text-align: justify">Payable to insurance company; secured by cash surrender value of life insurance policy; no due date</td> <td style="width: 4%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">158,535</td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">158,535</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebt_iI_hus-gaap--LongtermDebtTypeAxis__custom--NotesPayableOtherPayables3Member_zMmayOTXnP5l" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Notes Payable to various finance companies with varying start dates and interest rates; Interest rates on June 30, 2022 and December 31, 2021, ranged from 0.00% to 35.132%. As of June 30, 2022 notes maturing from September 2, 2022 to September 24, 2050 have combined monthly payments of $96,312; secured by equipment and stock. </td> <td> </td> <td> </td> <td style="text-align: right">2,283,536</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,308,420</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebt_iI_z59HptYuZj45" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Total</td> <td> </td> <td> </td> <td style="text-align: right">2,442,071</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,466,955</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_404_eus-gaap--LongTermDebtCurrent_iNI_di_zNIuSImNGOQ4" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Less Current Portion</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(626,911</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(777,602</td> <td>)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtNoncurrent_iI_zFnoivtTMOga" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Long Term Portion</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,815,160</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,689,353</td> <td> </td></tr> </table> Interest expense for all notes payable for the three and six months ended June 30, 2022 and 2021 was $46,115, $103,399 and $47,872, $102,481, respectively.

</us-gaap:LongTermDebtTextBlock>

<us-gaap:ScheduleOfDebtTableTextBlock contextRef="From2022-01-01to2022-06-30">

Notes payable as of June 30, 2022 and December 31, 2021 consisted of the following: Schedule of Debt <table cellpadding="0" cellspacing="0" id="xdx_303_134_zbh7wcj64lr8" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Notes Payable (Details)"> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td colspan="3" id="xdx_49F_20220630_z16fJkxwSiS2" style="border-bottom: black 1pt solid">June 30, 2022</td> <td> </td> <td colspan="3" id="xdx_496_20211231_zQ7B4SlHoWKh" style="border-bottom: black 1pt solid">December 31, 2021</td></tr> <tr id="xdx_400_eus-gaap--LongTermDebt_iI_hus-gaap--LongtermDebtTypeAxis__us-gaap--SecuredDebtMember_zCbObUw4p3v2" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; text-align: justify">Payable to insurance company; secured by cash surrender value of life insurance policy; no due date</td> <td style="width: 4%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">158,535</td> <td style="width: 1%"> </td> <td style="width: 2%"> </td> <td style="width: 1%">$</td> <td style="width: 13%; text-align: right">158,535</td> <td style="width: 1%"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_405_eus-gaap--LongTermDebt_iI_hus-gaap--LongtermDebtTypeAxis__custom--NotesPayableOtherPayables3Member_zMmayOTXnP5l" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Notes Payable to various finance companies with varying start dates and interest rates; Interest rates on June 30, 2022 and December 31, 2021, ranged from 0.00% to 35.132%. As of June 30, 2022 notes maturing from September 2, 2022 to September 24, 2050 have combined monthly payments of $96,312; secured by equipment and stock. </td> <td> </td> <td> </td> <td style="text-align: right">2,283,536</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,308,420</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right"> </td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebt_iI_z59HptYuZj45" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Total</td> <td> </td> <td> </td> <td style="text-align: right">2,442,071</td> <td> </td> <td> </td> <td> </td> <td style="text-align: right">2,466,955</td> <td> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_404_eus-gaap--LongTermDebtCurrent_iNI_di_zNIuSImNGOQ4" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Less Current Portion</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(626,911</td> <td>)</td> <td> </td> <td style="border-bottom: black 1pt solid"> </td> <td style="border-bottom: black 1pt solid; text-align: right">(777,602</td> <td>)</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: right"> </td> <td> </td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtNoncurrent_iI_zFnoivtTMOga" style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify">Long Term Portion</td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,815,160</td> <td> </td> <td> </td> <td style="border-bottom: black 2.25pt double">$</td> <td style="border-bottom: black 2.25pt double; text-align: right">1,689,353</td> <td> </td></tr> </table>

</us-gaap:ScheduleOfDebtTableTextBlock>

<us-gaap:LongTermDebt contextRef="AsOf2022-06-30_us-gaap_SecuredDebtMember" decimals="0" unitRef="USD"> 158535 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt contextRef="AsOf2021-12-31_us-gaap_SecuredDebtMember" decimals="0" unitRef="USD"> 158535 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt contextRef="AsOf2022-06-30_custom_NotesPayableOtherPayables3Member" decimals="0" unitRef="USD"> 2283536 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt contextRef="AsOf2021-12-31_custom_NotesPayableOtherPayables3Member" decimals="0" unitRef="USD"> 2308420 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 2442071 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebt contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 2466955 </us-gaap:LongTermDebt>

<us-gaap:LongTermDebtCurrent contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 626911 </us-gaap:LongTermDebtCurrent>

<us-gaap:LongTermDebtCurrent contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 777602 </us-gaap:LongTermDebtCurrent>

<us-gaap:LongTermDebtNoncurrent contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 1815160 </us-gaap:LongTermDebtNoncurrent>

<us-gaap:LongTermDebtNoncurrent contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 1689353 </us-gaap:LongTermDebtNoncurrent>

<us-gaap:InterestExpenseBorrowings contextRef="From2022-04-012022-06-30" decimals="0" unitRef="USD"> 46115 </us-gaap:InterestExpenseBorrowings>

<us-gaap:InterestExpenseBorrowings contextRef="From2021-04-012021-06-30" decimals="0" unitRef="USD"> 103399 </us-gaap:InterestExpenseBorrowings>

<us-gaap:InterestExpenseBorrowings contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 47872 </us-gaap:InterestExpenseBorrowings>

<us-gaap:InterestExpenseBorrowings contextRef="From2021-01-012021-06-30" decimals="0" unitRef="USD"> 102481 </us-gaap:InterestExpenseBorrowings>

<ammx:JointVentureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 9 – Joint Venture In 2019, the Company entered into a joint venture with one of its long-time collaborators whereby costs and profits are shared equally. This arrangement was made in order to purchase 30 machines from a closing terminal in Seattle, Washington for $1,089,000. The machines were titled in the Company’s name, and accordingly, revenues and costs are recorded in the Company’s financial statements. During the six months ended June 30, 2022, the Company accrued $132,293 in joint venture profits that will be disbursed upon payment from customer. The amount due to the collaborator as of June 30, 2022 and December 31, 2021 was $262,293 and $142,500, respectively.

</ammx:JointVentureTextBlock>

<us-gaap:PaymentsToAcquireInterestInJointVenture contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 1089000 </us-gaap:PaymentsToAcquireInterestInJointVenture>

<us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates contextRef="From2022-01-01to2022-06-30" decimals="0" unitRef="USD"> 132293 </us-gaap:PaymentsToAcquireInterestInSubsidiariesAndAffiliates>

<us-gaap:DueToCorrespondentBrokers contextRef="AsOf2022-06-30" decimals="0" unitRef="USD"> 262293 </us-gaap:DueToCorrespondentBrokers>

<us-gaap:DueToCorrespondentBrokers contextRef="AsOf2021-12-31" decimals="0" unitRef="USD"> 142500 </us-gaap:DueToCorrespondentBrokers>

<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 10 – Commitments and Contingencies From time to time, the Company is involved in routine litigation that arises in the ordinary course of business. At the present time, the Company is not involved in any litigation. See Note 7 for operating lease with related party.

</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>

<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="From2022-01-01to2022-06-30">

Note 11 – Stockholders’ Equity The Company has authorized 5,000,000 shares of $0.001 par value preferred stock, of which 1,000,000 shares have been designated as Series A Convertible Preferred Stock of which zero shares are issued and outstanding as of June 30, 2022 and December 31, 2021. The Company has authorized 1,000,000,000 shares of $0.001 par value common stock, of which 14,629,155 were issued and outstanding as of June 30, 2022 and December 31, 2021.

</us-gaap:StockholdersEquityNoteDisclosureTextBlock>

<us-gaap:PreferredStockSharesAuthorized contextRef="AsOf2022-06-30" decimals="INF" unitRef="Shares"> 5000000 </us-gaap:PreferredStockSharesAuthorized>

<us-gaap:PreferredStockSharesAuthorized contextRef="AsOf2021-12-31" decimals="INF" unitRef="Shares"> 5000000 </us-gaap:PreferredStockSharesAuthorized>

<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2022-06-30" decimals="INF" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>

<us-gaap:PreferredStockParOrStatedValuePerShare contextRef="AsOf2021-12-31" decimals="INF" unitRef="USDPShares"> 0.001 </us-gaap:PreferredStockParOrStatedValuePerShare>

<us-gaap:ConvertiblePreferredStockSharesIssuedUponConversion contextRef="AsOf2022-06-30" decimals="INF" unitRef="Shares"> 1000000 </us-gaap:ConvertiblePreferredStockSharesIssuedUponConversion>