On October 14, 2000, about 1700 eastern daylight time, an Arthur P. Matthews Acrosport II, N86AM, registered to and operated by a private individual, as a Title 14 CFR Part 91 personal flight, overran the runway during landing at Huntersville, North Carolina. Visual meteorological conditions prevailed, and no flight plan was filed. The aircraft incurred substantial damage. The private-rated pilot received serious injuries, and the passenger received minor injuries. The flight originated from Burgaw, North Carolina, the same day, about 1500. The pilot stated that during the landing, the airplane floated in ground effect, and he could not stop before encountering the end of the runway. The pilot further stated that the aircraft exited the runway and came to an abrupt stop in a small streambed, incurring substantial damage. According to the pilot, there were no malfunctions to the airplane, or its systems, prior to the accident.