10-Q/A Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 Q2 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001213900-12-005002`
Period End Date	20120630
Filing Date	20120829
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	fil-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 60 Cash Flow Statement 58

Balance Sheet 73 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
Cash	`Cash`	$198.50K	USD	Point-in-time
Cash	`Cash`	$138.74K	USD	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
Accounts receivable	`AccountsReceivableNetCurrent`	$143.56K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$376.83K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	35.41M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	13.20M	shares	Point-in-time
Due from Factor	`DueFromRelatedPartiesCurrent`	$69.71K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	35.41M	shares	Point-in-time
Due from Factor	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$24.51K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.84K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.97K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$372.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$595.08K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$504.98K	USD	Point-in-time
Property and Equipment	`PropertyPlantAndEquipmentGross`	$445.11K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$115.19K	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$92.61K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$389.79K	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`	$8.87K	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$3.28K	USD	Point-in-time
Finance costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.80K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$11.67K	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$12.14K	USD	Point-in-time
Total Assets	`Assets`	$997.01K	USD	Point-in-time
Total Assets	`Assets`	$736.58K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$232.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.90K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFeesCurrent`	$67.96K	USD	Point-in-time
Accrued expenses	`AccruedProfessionalFeesCurrent`	$23.27K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$301.90K	USD	Point-in-time
Accrued payroll	`AccruedLiabilitiesCurrent`	$73.69K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$150.00K	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$98.50K	USD	Point-in-time
Capital Leases (current obligation)	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Capital Leases (current obligation)	`CapitalLeaseObligationsCurrent`	$16.92K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$283.64K	USD	Point-in-time
Current maturities of long term debt	`LongTermDebtCurrent`	$34.79K	USD	Point-in-time
Advances on convertible promissory notes	`AdvancesOnConvertiblePromissoryNotes`	-	USD	Point-in-time
Advances on convertible promissory notes	`AdvancesOnConvertiblePromissoryNotes`	$170.00K	USD	Point-in-time
Convertible debt payable	`ConvertibleNotesPayableCurrent`	$2.84K	USD	Point-in-time
Convertible debt payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible debt payable	`ConvertibleNotesPayableCurrent`	$300.00K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$85.06K	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$32.99K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$892.28K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$877.98K	USD	Point-in-time
Capital Leases (net of current portion)	`CapitalLeaseObligationsNoncurrent`	$21.17K	USD	Point-in-time
Capital Leases (net of current portion)	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Long term debt, net of current portion	`LongTermDebtNoncurrent`	$218.42K	USD	Point-in-time
Long term debt, net of current portion	`LongTermDebtNoncurrent`	$200.24K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.11M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($.001 par value, 75,000,000 shares authorized, 35,413,139 shares and 13,199,219 issued and outstanding at June 30, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$35.41K	USD	Point-in-time
Common stock ($.001 par value, 75,000,000 shares authorized, 35,413,139 shares and 13,199,219 issued and outstanding at June 30, 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`	$1.97M	USD	Point-in-time
(Accumulated deficit)	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$2.12M	USD	Point-in-time
(Accumulated deficit)	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$1.13M	USD	Point-in-time
Total Stockholders' (Deficit)	`StockholdersEquity`	$-116.69K	USD	Point-in-time
Total Stockholders' (Deficit)	`StockholdersEquity`	$-359.82K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit)	`LiabilitiesAndStockholdersEquity`	$997.01K	USD	Point-in-time
Total Liabilities and Stockholders' (Deficit)	`LiabilitiesAndStockholdersEquity`	$736.58K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`Revenues`	$589.95K	USD	2 Qtrs
Net Revenues	`Revenues`	$273.89K	USD	1 Quarter
Net Revenues	`Revenues`	$1.03M	USD	1 Quarter
Net Revenues	`Revenues`	$1.63M	USD	2 Qtrs
Cost of Revenues	`CostOfRevenue`	$151.10K	USD	2 Qtrs
Cost of Revenues	`CostOfRevenue`	$453.23K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$69.64K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$884.35K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$575.03K	USD	1 Quarter
Gross Profit	`GrossProfit`	$204.25K	USD	1 Quarter
Gross Profit	`GrossProfit`	$438.86K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$749.74K	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.05M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.66M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.56K	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$310.07K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$53.13K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$18.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$20.92K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$38.66K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.49K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.75K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.88K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.88K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$172.05K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$363.62K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.73M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.08M	USD	1 Quarter
Income (Loss) before other expense, net	`OperatingIncomeLoss`	$-982.74K	USD	2 Qtrs
Income (Loss) before other expense, net	`OperatingIncomeLoss`	$75.24K	USD	2 Qtrs
Income (Loss) before other expense, net	`OperatingIncomeLoss`	$32.20K	USD	1 Quarter
Income (Loss) before other expense, net	`OperatingIncomeLoss`	$-506.10K	USD	1 Quarter
Interest Expense, net	`InterestExpense`	$12.61K	USD	2 Qtrs
Interest Expense, net	`InterestExpense`	$10.84K	USD	2 Qtrs
Interest Expense, net	`InterestExpense`	$6.29K	USD	1 Quarter
Interest Expense, net	`InterestExpense`	$4.92K	USD	1 Quarter
Total Other Expenses	`NonoperatingIncomeExpense`	$6.29K	USD	1 Quarter
Total Other Expenses	`NonoperatingIncomeExpense`	$4.92K	USD	1 Quarter
Total Other Expenses	`NonoperatingIncomeExpense`	$12.61K	USD	2 Qtrs
Total Other Expenses	`NonoperatingIncomeExpense`	$10.84K	USD	2 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.91K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-993.59K	USD	2 Qtrs
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-511.02K	USD	1 Quarter
Income (Loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$62.63K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-993.59K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$25.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-511.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$62.63K	USD	2 Qtrs
basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.23M	shares	1 Quarter
basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.20M	shares	1 Quarter
basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.23M	shares	2 Qtrs
basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.20M	shares	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-993.59K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$25.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-511.02K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$62.63K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.75K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.88K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$234.90K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.58K	USD	2 Qtrs
Due from Factor	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$69.71K	USD	2 Qtrs
Due from Factor	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-21.68K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.81K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.12K	USD	2 Qtrs
Amortization of beneficial conversion feature	`AmortizationOfBeneficialConversionFeature`	-	USD	2 Qtrs
Amortization of beneficial conversion feature	`AmortizationOfBeneficialConversionFeature`	$2.20K	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	2 Qtrs
Unearned revenue	`IncreaseDecreaseInDeferredRevenue`	$52.07K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.33K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$309.83K	USD	2 Qtrs
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$131.23K	USD	2 Qtrs
Cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-890.80K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.18K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.52K	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.18K	USD	2 Qtrs
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.52K	USD	2 Qtrs
Borrowings (Repayments) on line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-6.00K	USD	2 Qtrs
Borrowings (Repayments) on line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$51.50K	USD	2 Qtrs
Repayments of debt obligations	`RepaymentsOfDebt`	$17.02K	USD	2 Qtrs
Repayments of debt obligations	`RepaymentsOfDebt`	$15.71K	USD	2 Qtrs
Issuance of stock for cash	`ProceedsFromIssuanceOfCommonStock`	$818.34K	USD	2 Qtrs
Issuance of stock for cash	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Payments on Capital Leases	`ProceedsFromLongTermCapitalLeaseObligations`	$-607.00	USD	2 Qtrs
Payments on Capital Leases	`ProceedsFromLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	$87.00K	USD	2 Qtrs
Payments of stockholder distributions	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-108.71K	USD	2 Qtrs
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$852.21K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-59.76K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.99K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$54.79K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$74.79K	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashEquivalentsAtCarryingValue`	$138.74K	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`	$54.79K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$74.79K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$138.74K	USD	Point-in-time
Cash and cash equivalents at end of period	`CashEquivalentsAtCarryingValue`	$198.50K	USD	Point-in-time
Interest	`InterestPaid`	$12.62K	USD	2 Qtrs
Interest	`InterestPaid`	$14.90K	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income Taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Issuance of stock to repay debt	`StockIssued1`	-	USD	2 Qtrs
Issuance of stock to repay debt	`StockIssued1`	$563.91K	USD	2 Qtrs
Capital lease obligation incurred for use of equipment	`CapitalLeaseObligationsIncurred`	-	USD	2 Qtrs
Capital lease obligation incurred for use of equipment	`CapitalLeaseObligationsIncurred`	$38.70K	USD	2 Qtrs
Beneficial conversion feature on convertible debt charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$300.00K	USD	2 Qtrs
Beneficial conversion feature on convertible debt charged to additional paid in capital	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	-	USD	2 Qtrs

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