S-1 Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 FY 2022

Filing Information

Form Type	S-1
Accession Number	`0001829126-23-002617`
Period End Date	20221231
Filing Date	20230410
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	ameriguardsec_s1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 44 Cash Flow Statement 54 Stockholders Equity 15

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	94.47M	shares	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	94.47M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.47M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.47M	shares	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$2.22M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$110.83K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$107.88K	USD	Point-in-time
Related Party Receivable (note 3)	`RelatedPartyReceivableNote3`	-	USD	Point-in-time
Related Party Receivable (note 3)	`RelatedPartyReceivableNote3`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.45M	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$132.80K	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$298.81K	USD	Point-in-time
Operating Lease	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating Lease	`OperatingLeaseRightOfUseAsset`	$302.69K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$132.80K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$601.50K	USD	Point-in-time
Total Assets	`Assets`	$3.81M	USD	Point-in-time
Total Assets	`Assets`	$4.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$761.52K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$418.34K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$49.03K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$657.74K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$737.14K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$453.96K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$616.58K	USD	Point-in-time
Current portion of notes payable (note 6)	`NotesPayableCurrent`	$127.61K	USD	Point-in-time
Current portion of notes payable (note 6)	`NotesPayableCurrent`	$719.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.72M	USD	Point-in-time
Long term portion of notes payable (note 6)	`NotesAndLoansPayable`	$780.85K	USD	Point-in-time
Long term portion of notes payable (note 6)	`NotesAndLoansPayable`	$2.78M	USD	Point-in-time
Operating Lease	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating Lease	`OperatingLeaseLiabilityNoncurrent`	$294.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.60M	USD	Point-in-time
Common stock, $.001 par value, 94,471,302 shares issued and outstanding at December 31, 2022 and 2021 (Note 7)	`CommonStockValue`	$158.35K	USD	Point-in-time
Common stock, $.001 par value, 94,471,302 shares issued and outstanding at December 31, 2022 and 2021 (Note 7)	`CommonStockValue`	$158.35K	USD	Point-in-time
Retained earnings/(defecit)	`RetainedEarningsAccumulatedDeficit`	$1.83M	USD	Point-in-time
Retained earnings/(defecit)	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.98M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.86M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.59M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.81M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`Revenues`	$22.44M	USD	Annual
Total Revenue	`Revenues`	$24.95M	USD	Annual
Total Cost of Services	`CostOfGoodsAndServicesSold`	$20.63M	USD	Annual
Total Cost of Services	`CostOfGoodsAndServicesSold`	$21.95M	USD	Annual
Gross Margin	`GrossProfit`	$3.00M	USD	Annual
Gross Margin	`GrossProfit`	$1.81M	USD	Annual
Salaries, payroll taxes and benefits	`SalariesAndWages`	$365.43K	USD	Annual
Salaries, payroll taxes and benefits	`SalariesAndWages`	$1.16M	USD	Annual
Vehicle expense	`VehicleExpense`	$295.05K	USD	Annual
Vehicle expense	`VehicleExpense`	$433.42K	USD	Annual
Professional services	`ProfessionalFees`	$361.31K	USD	Annual
Professional services	`ProfessionalFees`	$318.44K	USD	Annual
Cellular services	`CellularServices`	$112.14K	USD	Annual
Cellular services	`CellularServices`	$106.38K	USD	Annual
General liability insurance	`GeneralLiabilityInsurance`	$111.29K	USD	Annual
General liability insurance	`GeneralLiabilityInsurance`	$87.12K	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$128.54K	USD	Annual
Advertising and marketing	`MarketingAndAdvertisingExpense`	$77.35K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$294.06K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$645.27K	USD	Annual
Loan interest	`LoanInterest`	$59.44K	USD	Annual
Loan interest	`LoanInterest`	$105.83K	USD	Annual
Depreciation expense	`Depreciation`	$52.27K	USD	Annual
Depreciation expense	`Depreciation`	$42.93K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.69M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.07M	USD	Annual
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-74.00K	USD	Annual
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$128.04K	USD	Annual
Other Income	`OtherIncome`	-	USD	Annual
Other Income	`OtherIncome`	-	USD	Annual
Other (Expense)	`OtherNonoperatingExpense`	$344.11K	USD	Annual
Other (Expense)	`OtherNonoperatingExpense`	-	USD	Annual
Total Other Income	`OtherNonoperatingIncomeExpense`	$-344.11K	USD	Annual
Total Other Income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$128.04K	USD	Annual
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-418.11K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$33.92K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$10.35K	USD	Annual
Net Income/(loss)	`NetIncomeLoss`	$94.11K	USD	Annual
Net Income/(loss)	`NetIncomeLoss`	$-428.46K	USD	Annual
Net Income/(loss) per Common Share - Basic and Diluted	`NetIncomelossPerCommonShareBasicAndDiluted`	$-0.00	USD	Annual
Net Income/(loss) per Common Share - Basic and Diluted	`NetIncomelossPerCommonShareBasicAndDiluted`	$0.00	USD	Annual
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	93.42M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	93.42M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Income/(Loss)	`NetIncomeLoss`	$94.11K	USD	Annual
Net Income/(Loss)	`NetIncomeLoss`	$-428.46K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-345.93K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$23.37K	USD	Annual
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$2.94K	USD	Annual
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$32.95K	USD	Annual
Depreciation	`Depreciation`	$52.27K	USD	Annual
Depreciation	`Depreciation`	$42.93K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$343.17K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.74K	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	Annual
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-49.03K	USD	Annual
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$75.69K	USD	Annual
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$79.40K	USD	Annual
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-162.61K	USD	Annual
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$77.24K	USD	Annual
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$276.74K	USD	Annual
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$266.45K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePurchaseOfFixedAssets`	$24.55K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePurchaseOfFixedAssets`	$6.04K	USD	Annual
Building improvements	`PaymentsToDevelopRealEstateAssets`	-	USD	Annual
Building improvements	`PaymentsToDevelopRealEstateAssets`	$224.13K	USD	Annual
Operating lease liability	`OperatingLeaseLiabilities`	-	USD	Annual
Operating lease liability	`OperatingLeaseLiabilities`	$79.36K	USD	Annual
Purchase of Shell Corporations - AGSS	`PurchaseOfShellCorporationsAgss`	-	USD	Annual
Purchase of Shell Corporations - AGSS	`PurchaseOfShellCorporationsAgss`	$500.00K	USD	Annual
Payment for Shareholder buyout	`PaymentForShareholderBuyout`	-	USD	Annual
Payment for Shareholder buyout	`PaymentForShareholderBuyout`	$686.99K	USD	Annual
Loan principle payments	`LoanPrinciplePayments`	$180.30K	USD	Annual
Loan principle payments	`LoanPrinciplePayments`	$227.10K	USD	Annual
Owner distributions	`OwnerDistributions`	$473.24K	USD	Annual
Owner distributions	`OwnerDistributions`	$62.82K	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.24M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.22M	USD	Annual
Secure Transportation vehicle loan	`SecureTransportationVehicleLoan`	-	USD	Annual
Secure Transportation vehicle loan	`SecureTransportationVehicleLoan`	$21.50K	USD	Annual
Operating lease asset	`OperatingLeaseAsset`	-	USD	Annual
Operating lease asset	`OperatingLeaseAsset`	$71.05K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$71.05K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.50K	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-902.15K	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-926.65K	USD	Annual
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.06M	USD	Point-in-time
Income Taxes Paid	`InterestPaidNet`	$10.35K	USD	Annual
Income Taxes Paid	`InterestPaidNet`	$33.92K	USD	Annual
Interest Paid	`IncomeTaxesPaidNet`	$59.44K	USD	Annual
Interest Paid	`IncomeTaxesPaidNet`	$105.83K	USD	Annual
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	$302.69K	USD	Annual
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	$294.39K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.86M	USD	Point-in-time
Beginning balance, Shares	`SharesOutstanding`	93.42M	shares	Point-in-time
Owner draws (pre-merger)	`OwnerDraws`	$-473.24K	USD	Annual
Owner draws (pre-merger)	`OwnerDraws`	$-62.82K	USD	Annual
Shareholder buyout	`ShareholderBuyout`	$-3.38M	USD	Annual
Retained Deficit of merger with related entity	`RetainedDeficitOfMergerWithRelatedEntity`	$-97.47K	USD	Annual
Equity Merger	`EquityMerger`	$-500.00K	USD	Annual
Net (Loss) for year ended December 31, 2022	`NetIncomeLoss`	$94.11K	USD	Annual
Net (Loss) for year ended December 31, 2022	`NetIncomeLoss`	$-428.46K	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.86M	USD	Point-in-time
Ending balance, Shares	`SharesOutstanding`	93.42M	shares	Point-in-time

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