10-K Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001213900-12-001906`
Period End Date	20111231
Filing Date	20120416
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	fil-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 28 Cash Flow Statement 46 Stockholders Equity 18

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.27M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	1.02M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.02M	shares	Point-in-time
Cash	`Cash`	$54.79K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	1.27M	shares	Point-in-time
Cash	`Cash`	$198.50K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$194.25K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$143.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$24.51K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.32K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.84K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$372.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$256.36K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$336.52K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$352.50K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.87K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$3.13K	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.80K	USD	Point-in-time
Total Noncurrent Assets	`AssetsNoncurrent`	$11.67K	USD	Point-in-time
Total Noncurrent Assets	`AssetsNoncurrent`	$3.13K	USD	Point-in-time
Total Assets	`Assets`	$596.01K	USD	Point-in-time
Total Assets	`Assets`	$736.58K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.95K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFees`	$23.75K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFees`	$23.27K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$73.69K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$18.54K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$98.50K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$93.50K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$283.64K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$31.45K	USD	Point-in-time
Advances on convertible promissory notes	`ConvertibleNotesPayableCurrent`	$170.00K	USD	Point-in-time
Advances on convertible promissory notes	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$844.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$213.19K	USD	Point-in-time
Long term debt, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$218.42K	USD	Point-in-time
Long term debt, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$251.82K	USD	Point-in-time
Unearned Revenue	`DeferredRevenueNoncurrent`	-	USD	Point-in-time
Unearned Revenue	`DeferredRevenueNoncurrent`	$32.99K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$465.01K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; $.001 par value, 75,000,000 shares authorised; 1,271,111 and 1,016,888 shares issued and outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$1.02K	USD	Point-in-time
Common stock; $.001 par value, 75,000,000 shares authorised; 1,271,111 and 1,016,888 shares issued and outstanding at December 31, 2011 and 2010, respectively	`CommonStockValue`	$1.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$85.39K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$766.24K	USD	Point-in-time
Retained earnings (deficit)	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.13M	USD	Point-in-time
Retained earnings (deficit)	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$-44.59K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$131.00K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-359.82K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$736.58K	USD	Point-in-time
Total Liabilities and Stockholders' Equity (Deficit)	`LiabilitiesAndStockholdersEquity`	$596.01K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`Revenues`	$1.43M	USD	Annual
Net Revenues	`Revenues`	$1.14M	USD	Annual
Cost of Revenues	`CostOfRevenue`	$294.06K	USD	Annual
Cost of Revenues	`CostOfRevenue`	$473.72K	USD	Annual
Gross Profit	`GrossProfit`	$959.05K	USD	Annual
Gross Profit	`GrossProfit`	$842.32K	USD	Annual
Selling and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$1.98M	USD	Annual
Selling and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$594.93K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$93.49K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$73.66K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$16.62K	USD	Annual
Depreciation and Amortization	`DepreciationAndAmortization`	$31.36K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$685.21K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.10M	USD	Annual
Income (Loss) before interest expense, net	`OperatingIncomeLoss`	$157.11K	USD	Annual
Income (Loss) before interest expense, net	`OperatingIncomeLoss`	$-1.14M	USD	Annual
Interest Expense, net	`InterestExpense`	$29.47K	USD	Annual
Interest Expense, net	`InterestExpense`	$14.80K	USD	Annual
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.17M	USD	Annual
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$142.31K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-1.17M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$142.31K	USD	Annual
basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.05	USD	Annual
basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.14	USD	Annual
basic and diluted	`WeightedAverageNumberOfSharesOustandingBasicAndDiluted`	1.11M	shares	Annual
basic and diluted	`WeightedAverageNumberOfSharesOustandingBasicAndDiluted`	1.02M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.17M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$142.31K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$31.36K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.62K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$818.60K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.79K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.69K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$24.51K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.39K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.32K	USD	Annual
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$32.99K	USD	Annual
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$204.62K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$17.81K	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-65.57K	USD	Annual
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$187.21K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.02K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$325.01K	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-325.01K	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.02K	USD	Annual
Borrowings from long-term debt obligations	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$256.01K	USD	Annual
Borrowings from long-term debt obligations	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$262.50K	USD	Annual
Repayments of long-term debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$38.72K	USD	Annual
Repayments of long-term debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$31.91K	USD	Annual
Proceeds from convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from convertible promissory notes	`ProceedsFromConvertibleDebt`	$170.00K	USD	Annual
Payment of finance costs	`PaymentsOfFinancingCosts`	-	USD	Annual
Payment of finance costs	`PaymentsOfFinancingCosts`	$3.48K	USD	Annual
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	$97.71K	USD	Annual
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	$137.50K	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$256.29K	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$122.92K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.88K	USD	Annual
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$143.71K	USD	Annual
Cash and cash equivalents at beginning of year	`CashEquivalentsAtCarryingValue`	$54.79K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashEquivalentsAtCarryingValue`	$198.50K	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashEquivalentsAtCarryingValue`	$69.67K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashEquivalentsAtCarryingValue`	$54.79K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashEquivalentsAtCarryingValue`	$198.50K	USD	Point-in-time
Cash and cash equivalents at end of year	`CashEquivalentsAtCarryingValue`	$69.67K	USD	Point-in-time
Interest	`InterestPaid`	$24.41K	USD	Annual
Interest	`InterestPaid`	$14.82K	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$86.41K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$131.00K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-359.82K	USD	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Balance, Shares	`SharesOutstanding`	0.00	shares	Point-in-time
Net loss for the year ended	`NetIncomeLoss`	$-1.17M	USD	Annual
Net loss for the year ended	`NetIncomeLoss`	$142.31K	USD	Annual
S-Corporation Distributions	`CorporationDistributions`	$-97.71K	USD	Annual
S-Corporation Distributions	`CorporationDistributions`	$-137.50K	USD	Annual
Stock issued for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$818.60K	USD	Annual
Stock issued for compensation, (shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationGross`	0.00	shares	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$86.41K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$131.00K	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-359.82K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.