10-Q Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001829126-23-005418`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	ameriguardsec_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 48 Cash Flow Statement 48 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.99M	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`	$1.41M	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$132.04K	USD	Point-in-time
Prepaid insurance	`PrepaidInsurance`	$110.83K	USD	Point-in-time
Related Party Receivable (note 3)	`RelatedPartyReceivable`	-	USD	Point-in-time
Related Party Receivable (note 3)	`RelatedPartyReceivable`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.53M	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$288.48K	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`	$601.50K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$591.17K	USD	Point-in-time
Total Assets	`Assets`	$5.12M	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`	$1.17M	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$49.03K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$91.64K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$91.64K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$737.14K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$732.36K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$345.14K	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`	$3.06M	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`	$2.75M	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`	$5.80M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.10M	USD	Point-in-time
Common stock, $.001 par value, 94,471,302 shares issued and outstanding at June 30, 2023 and 2022	`CommonStockValue`	$158.35K	USD	Point-in-time
Common stock, $.001 par value, 94,471,302 shares issued and outstanding at June 30, 2023 and 2022	`CommonStockValue`	$158.35K	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.14M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-979.78K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$5.12M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.81M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`Revenues`	$11.19M	USD	2 Qtrs
Total Revenue	`Revenues`	$11.87M	USD	2 Qtrs
Total Cost of Services	`CostOfGoodsAndServicesSold`	$10.62M	USD	2 Qtrs
Total Cost of Services	`CostOfGoodsAndServicesSold`	$10.78M	USD	2 Qtrs
Gross Margin	`GrossProfit`	$402.02K	USD	2 Qtrs
Gross Margin	`GrossProfit`	$1.25M	USD	2 Qtrs
Salaries, payroll taxes and benefits	`SalariesAndWages`	$470.08K	USD	2 Qtrs
Salaries, payroll taxes and benefits	`SalariesAndWages`	$836.46K	USD	2 Qtrs
Vehicle expense	`VehicleExpense`	$192.69K	USD	2 Qtrs
Vehicle expense	`VehicleExpense`	$226.74K	USD	2 Qtrs
Professional services	`ProfessionalFees`	$249.27K	USD	2 Qtrs
Professional services	`ProfessionalFees`	$188.23K	USD	2 Qtrs
Cellular services	`CellularServices`	$53.87K	USD	2 Qtrs
Cellular services	`CellularServices`	$58.49K	USD	2 Qtrs
General liability insurance	`GeneralLiabilityInsurance`	$108.09K	USD	2 Qtrs
General liability insurance	`GeneralLiabilityInsurance`	$51.11K	USD	2 Qtrs
Advertising and marketing	`MarketingAndAdvertisingExpense`	$60.10K	USD	2 Qtrs
Advertising and marketing	`MarketingAndAdvertisingExpense`	$53.85K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$262.57K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$430.81K	USD	2 Qtrs
Loan interest	`LoanInterest`	$97.86K	USD	2 Qtrs
Loan interest	`LoanInterest`	$24.63K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$18.83K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$22.19K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.35M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.05M	USD	2 Qtrs
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-103.30K	USD	2 Qtrs
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-1.65M	USD	2 Qtrs
Other Income	`OtherIncome`	$3.30M	USD	2 Qtrs
Other Income	`OtherIncome`	$23.98K	USD	2 Qtrs
Other (Expense)	`OtherNonoperatingExpense`	$642.37K	USD	2 Qtrs
Other (Expense)	`OtherNonoperatingExpense`	$170.94K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$2.66M	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-146.95K	USD	2 Qtrs
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$1.01M	USD	2 Qtrs
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$-250.26K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Income/(loss)	`NetIncomeLoss`	$-250.26K	USD	2 Qtrs
Net Income/(loss)	`NetIncomeLoss`	$1.01M	USD	2 Qtrs
Net Income/(loss) per Common Share - Basic	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Net Income/(loss) per Common Share - Basic	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
Net Income/(loss) per Common Share - Diluted	`EarningsPerShareDiluted`	$-0.00	USD	2 Qtrs
Net Income/(loss) per Common Share - Diluted	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.42M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.42M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.42M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.42M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income/(Loss)	`NetIncomeLoss`	$-250.26K	USD	2 Qtrs
Net Income/(Loss)	`NetIncomeLoss`	$1.01M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$121.65K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-462.00K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$21.21K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$9.17K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$18.83K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$47.47K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$405.82K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$329.74K	USD	2 Qtrs
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	2 Qtrs
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-42.60K	USD	2 Qtrs
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-108.83K	USD	2 Qtrs
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-102.57K	USD	2 Qtrs
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.81M	USD	2 Qtrs
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.44K	USD	2 Qtrs
Building improvements	`BuildingImprovements`	$122.23K	USD	2 Qtrs
Building improvements	`BuildingImprovements`	$505.00	USD	2 Qtrs
Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.54K	USD	2 Qtrs
Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Sales of Vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.50K	USD	2 Qtrs
Sales of Vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.51K	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-126.26K	USD	2 Qtrs
Loan principle payments	`LoanPrinciplePayments`	$45.68K	USD	2 Qtrs
Loan principle payments	`LoanPrinciplePayments`	$36.71K	USD	2 Qtrs
Net adjustments, Equity	`NetAdjustmentsEquity`	-	USD	2 Qtrs
Net adjustments, Equity	`NetAdjustmentsEquity`	$125.32K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.71K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-170.99K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.76M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-403.69K	USD	2 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.99M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.13M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.73M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.99M	USD	Point-in-time
Income Taxes Paid	`InterestPaidNet`	-	USD	2 Qtrs
Income Taxes Paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest Paid	`IncomeTaxesPaidNet`	$24.63K	USD	2 Qtrs
Interest Paid	`IncomeTaxesPaidNet`	$97.86K	USD	2 Qtrs
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	$302.69K	USD	2 Qtrs
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	-	USD	2 Qtrs
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	-	USD	2 Qtrs
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	$294.39K	USD	2 Qtrs

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-979.78K	USD	Point-in-time
Net Income for the period	`NetIncomeLoss`	$-250.26K	USD	2 Qtrs
Net Income for the period	`NetIncomeLoss`	$1.01M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-979.78K	USD	Point-in-time

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