Not bad, you're ammonia should be at zero though, do a few water changes and see if you can get it to zero. Also do you have a nitrIte, and nitrAte testing kit? If not i recommend you get one!
As Tamara says, you ammonia is a littel high, but not dangerous. It would surgest to me that your tank has not finished cycling, and that you may be experiencing a nitrite spike at the moments. As Tamara recomended, a nitrite and nitrate test kit would fill the picture, giving a better all round view of your water conditions.
HTH
rabbut