10-Q Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001829126-23-003491`
Period End Date	20230331
Filing Date	20230516
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	ameriguardsec_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 43 Cash Flow Statement 49 Stockholders Equity 6

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
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.47M	shares	Point-in-time
Common Stock, Shares Outstanding	`CommonStockSharesOutstanding`	94.47M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$444.34K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$2.01M	USD	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$110.83K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$166.41K	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`	$2.62M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.21M	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$269.05K	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$298.81K	USD	Point-in-time
Operating Lease	`OperatingLeaseRightOfUseAsset`	$302.69K	USD	Point-in-time
Operating Lease	`OperatingLeaseRightOfUseAsset`	$302.69K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$571.74K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$601.50K	USD	Point-in-time
Total Assets	`Assets`	$3.19M	USD	Point-in-time
Total Assets	`Assets`	$3.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$761.51K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$759.01K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$49.03K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$70.33K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$70.33K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$733.17K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$737.14K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$281.58K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$453.96K	USD	Point-in-time
Current portion of notes payable (note 6)	`NotesPayableCurrent`	$719.56K	USD	Point-in-time
Current portion of notes payable (note 6)	`NotesPayableCurrent`	$719.56K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.56M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.72M	USD	Point-in-time
Long term portion of notes payable (note 6)	`NotesAndLoansPayable`	$2.78M	USD	Point-in-time
Long term portion of notes payable (note 6)	`NotesAndLoansPayable`	$2.76M	USD	Point-in-time
Operating Lease	`OperatingLeaseLiabilityNoncurrent`	$294.39K	USD	Point-in-time
Operating Lease	`OperatingLeaseLiabilityNoncurrent`	$294.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.62M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.80M	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`	$-2.59M	USD	Point-in-time
Retained earnings/(defecit)	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-2.43M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.81M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.19M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`Revenues`	$6.10M	USD	1 Quarter
Total Revenue	`Revenues`	$5.78M	USD	1 Quarter
Total Cost of Services	`CostOfGoodsAndServicesSold`	$5.52M	USD	1 Quarter
Total Cost of Services	`CostOfGoodsAndServicesSold`	$5.22M	USD	1 Quarter
Gross Margin	`GrossProfit`	$585.42K	USD	1 Quarter
Gross Margin	`GrossProfit`	$556.97K	USD	1 Quarter
Salaries, payroll taxes and benefits	`SalariesAndWages`	$219.84K	USD	1 Quarter
Salaries, payroll taxes and benefits	`SalariesAndWages`	$385.19K	USD	1 Quarter
Vehicle expense	`VehicleExpense`	$109.86K	USD	1 Quarter
Vehicle expense	`VehicleExpense`	$82.66K	USD	1 Quarter
Professional services	`ProfessionalFees`	$175.61K	USD	1 Quarter
Professional services	`ProfessionalFees`	$104.26K	USD	1 Quarter
Cellular services	`CellularServices`	$24.68K	USD	1 Quarter
Cellular services	`CellularServices`	$27.67K	USD	1 Quarter
General liability insurance	`GeneralLiabilityInsurance`	$25.55K	USD	1 Quarter
General liability insurance	`GeneralLiabilityInsurance`	$27.79K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$28.87K	USD	1 Quarter
Advertising and marketing	`MarketingAndAdvertisingExpense`	$33.74K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$101.97K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$178.00K	USD	1 Quarter
Loan interest	`LoanInterest`	$40.92K	USD	1 Quarter
Loan interest	`LoanInterest`	$11.65K	USD	1 Quarter
Depreciation expense	`Depreciation`	$8.33K	USD	1 Quarter
Depreciation expense	`Depreciation`	$11.09K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$959.92K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$637.79K	USD	1 Quarter
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-80.83K	USD	1 Quarter
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-374.50K	USD	1 Quarter
Other Income	`OtherIncome`	-	USD	1 Quarter
Other (Expense)	`OtherNonoperatingExpense`	$68.50K	USD	1 Quarter
Other (Expense)	`OtherNonoperatingExpense`	$62.60K	USD	1 Quarter
Total Other Income	`OtherNonoperatingIncomeExpense`	$-62.60K	USD	1 Quarter
Total Other Income	`OtherNonoperatingIncomeExpense`	$-68.50K	USD	1 Quarter
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-143.43K	USD	1 Quarter
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-443.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income/(loss)	`NetIncomeLoss`	$-443.00K	USD	1 Quarter
Net Income/(loss)	`NetIncomeLoss`	$-143.43K	USD	1 Quarter
Net Income/(loss) per Common Share - Basic and Diluted	`NetIncomelossPerCommonShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Net Income/(loss) per Common Share - Basic and Diluted	`NetIncomelossPerCommonShareBasicAndDiluted`	$-0.00	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	93.42M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted`	93.42M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net Income/(Loss)	`NetIncomeLoss`	$-443.00K	USD	1 Quarter
Net Income/(Loss)	`NetIncomeLoss`	$-143.43K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$138.54K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$336.63K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-26.80K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$55.58K	USD	1 Quarter
Depreciation	`Depreciation`	$8.33K	USD	1 Quarter
Depreciation	`Depreciation`	$11.09K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$311.44K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.47K	USD	1 Quarter
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-21.30K	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Accrued Payroll	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-184.05K	USD	1 Quarter
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-172.38K	USD	1 Quarter
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-786.34K	USD	1 Quarter
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-314.77K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePurchaseOfFixedAssets`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePurchaseOfFixedAssets`	-	USD	1 Quarter
Building improvements	`BuildingImprovements`	$86.08K	USD	1 Quarter
Building improvements	`BuildingImprovements`	$-28.89K	USD	1 Quarter
Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.47K	USD	1 Quarter
Loan principle payments	`LoanPrinciplePayments`	$18.40K	USD	1 Quarter
Loan principle payments	`LoanPrinciplePayments`	$220.44K	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$3.02K	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-306.51K	USD	1 Quarter
Net adjustments, Equity	`NetAdjustmentsEquity`	-	USD	1 Quarter
Net adjustments, Equity	`NetAdjustmentsEquity`	$12.14K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.14K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-783.32K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-633.42K	USD	1 Quarter
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$444.34K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.50M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$444.34K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.50M	USD	Point-in-time
Income Taxes Paid	`InterestPaidNet`	-	USD	1 Quarter
Income Taxes Paid	`InterestPaidNet`	-	USD	1 Quarter
Interest Paid	`IncomeTaxesPaidNet`	$11.65K	USD	1 Quarter
Interest Paid	`IncomeTaxesPaidNet`	$40.92K	USD	1 Quarter
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	-	USD	1 Quarter
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	$302.69K	USD	1 Quarter
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	-	USD	1 Quarter
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	$294.39K	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.43M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-443.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-143.43K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.43M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time

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