10-Q Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001213900-12-002944`
Period End Date	20120331
Filing Date	20120521
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	fil-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 28 Cash Flow Statement 48

Balance Sheet 64 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`	13.20M	shares	Point-in-time
Cash	`Cash`	$82.41K	USD	Point-in-time
Cash	`Cash`	$198.50K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	34.02M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	34.02M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$300.21K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	13.20M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$143.56K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	$24.51K	USD	Point-in-time
Prepaid expenses	`PrepaidExpense`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.84K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.50K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$372.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$389.12K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$448.41K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$445.11K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$92.61K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$102.40K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$352.50K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$346.01K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.87K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.87K	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.72K	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.80K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.59K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$11.67K	USD	Point-in-time
Total Assets	`Assets`	$736.58K	USD	Point-in-time
Total Assets	`Assets`	$746.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.90K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$227.18K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFees`	$23.27K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFees`	$22.09K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$142.00K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$73.69K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$98.50K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$133.50K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$34.12K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$283.64K	USD	Point-in-time
Advances on convertible promissory notes	`ConvertibleNotesPayableCurrent`	$170.00K	USD	Point-in-time
Advances on convertible promissory notes	`ConvertibleNotesPayableCurrent`	$258.04K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$6.90K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$32.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$823.83K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$877.98K	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`	$209.26K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.03M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($.001 par value, 75,000,000 shares authorized, 34,018,230 shares and 13,199,219 issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$34.02K	USD	Point-in-time
Common stock ($.001 par value, 75,000,000 shares authorized, 34,018,230 shares and 13,199,219 issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$13.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$754.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.29M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.61M	USD	Point-in-time
Accumulated deficit	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.13M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-286.37K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-359.82K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$736.58K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$746.72K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`Revenues`	$605.83K	USD	1 Quarter
Net Revenues	`Revenues`	$316.06K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$431.12K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$81.46K	USD	1 Quarter
Gross Profit	`GrossProfit`	$234.61K	USD	1 Quarter
Gross Profit	`GrossProfit`	$174.71K	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$163.51K	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$609.27K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$32.21K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.66K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.39K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.87K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$191.57K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$651.36K	USD	1 Quarter
Income (Loss) before interest expense, net	`OperatingIncomeLoss`	$43.04K	USD	1 Quarter
Income (Loss) before interest expense, net	`OperatingIncomeLoss`	$-476.64K	USD	1 Quarter
Interest Expense, net	`InterestExpense`	$5.92K	USD	1 Quarter
Interest Expense, net	`InterestExpense`	$6.32K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-482.57K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.72K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-482.57K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$36.72K	USD	1 Quarter
basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
basic and diluted	`WeightedAverageNumberOfUnitsOutstandingBasicAndDiluted`	32.23M	shares	1 Quarter
basic and diluted	`WeightedAverageNumberOfUnitsOutstandingBasicAndDiluted`	13.20M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-482.57K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$36.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.39K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.87K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$156.65K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.69K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$24.51K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-24.51K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.39K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$657.00	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$-26.09K	USD	1 Quarter
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$32.99K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.42K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$204.62K	USD	1 Quarter
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$300.51K	USD	1 Quarter
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-533.16K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.02K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.30K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.02K	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.30K	USD	1 Quarter
Borrowings from debt obligations	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	$35.00K	USD	1 Quarter
Borrowings from debt obligations	`ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities`	-	USD	1 Quarter
Repayments of debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$10.91K	USD	1 Quarter
Repayments of debt obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$8.68K	USD	1 Quarter
Issuance of stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of stock for cash	`ProceedsFromIssuanceOfCommonStock`	$143.91K	USD	1 Quarter
Advances on stock subscriptions	`ProceedsFromOtherEquity`	-	USD	1 Quarter
Advances on stock subscriptions	`ProceedsFromOtherEquity`	$250.15K	USD	1 Quarter
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	$62.99K	USD	1 Quarter
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-73.91K	USD	1 Quarter
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$420.38K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$179.59K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-116.09K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$82.41K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$234.38K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$54.79K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$198.50K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$82.41K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$234.38K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$54.79K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$198.50K	USD	Point-in-time
Interest	`InterestPaid`	$6.32K	USD	1 Quarter
Interest	`InterestPaid`	$5.89K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income Taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Issuance of stock to repay debt	`StockIssued1`	-	USD	1 Quarter
Issuance of stock to repay debt	`StockIssued1`	$563.91K	USD	1 Quarter

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