10-Q Filing

AMERIGUARD SECURITY SERVICES, INC. CIK: 1514443 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001829126-23-007347`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	ameriguardsec_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 53 Stockholders Equity 6

Balance Sheet 50 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`	93.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	93.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.47M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	93.47M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.56M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.23M	USD	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$1.76M	USD	Point-in-time
Accounts receivable, net (note 1)	`AccountsReceivableNetCurrent`	$1.87M	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$178.56K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaidExpenseCurrent`	$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`	$3.50M	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$298.81K	USD	Point-in-time
Fixed assets, net depreciation (note 4)	`PropertyPlantAndEquipmentNet`	$282.32K	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`	$585.01K	USD	Point-in-time
Total Assets	`Assets`	$3.81M	USD	Point-in-time
Total Assets	`Assets`	$4.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$761.51K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$502.17K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$112.94K	USD	Point-in-time
Accrued Interest Due (note 6)	`AccruedLiabilitiesCurrent`	$49.03K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$737.14K	USD	Point-in-time
Accrued Payroll	`AccruedPayrollTaxesCurrent`	$571.21K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$453.96K	USD	Point-in-time
Payroll liability - Pension (note 5)	`PayrollLiabilityPension`	$360.21K	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`	$2.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.27M	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`	$2.73M	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`	$5.29M	USD	Point-in-time
Common stock, $.001 par value, 93,471,302 shares issued and outstanding at June 30, 2023 and 2022	`CommonStockValue`	$158.35K	USD	Point-in-time
Common stock, $.001 par value, 93,471,302 shares issued and outstanding at June 30, 2023 and 2022	`CommonStockValue`	$158.35K	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.36M	USD	Point-in-time
Retained (deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Total Stockholders Deficit	`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`	$4.09M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Total Revenue	`Revenues`	$15.70M	USD	3 Qtrs
Total Revenue	`Revenues`	$18.79M	USD	3 Qtrs
Total Cost of Services	`CostOfGoodsAndServicesSold`	$14.59M	USD	3 Qtrs
Total Cost of Services	`CostOfGoodsAndServicesSold`	$16.17M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$1.11M	USD	3 Qtrs
Gross Margin	`GrossProfit`	$2.62M	USD	3 Qtrs
Salaries, payroll taxes and benefits	`SalariesAndWages`	$834.23K	USD	3 Qtrs
Salaries, payroll taxes and benefits	`SalariesAndWages`	$1.20M	USD	3 Qtrs
Vehicle expense	`VehicleExpense`	$293.43K	USD	3 Qtrs
Vehicle expense	`VehicleExpense`	$328.67K	USD	3 Qtrs
Professional services	`ProfessionalFees`	$361.49K	USD	3 Qtrs
Professional services	`ProfessionalFees`	$244.74K	USD	3 Qtrs
Cellular services	`CellularServices`	$80.14K	USD	3 Qtrs
Cellular services	`CellularServices`	$85.32K	USD	3 Qtrs
General liability insurance	`GeneralLiabilityInsurance`	$125.02K	USD	3 Qtrs
General liability insurance	`GeneralLiabilityInsurance`	$79.52K	USD	3 Qtrs
Advertising and marketing	`MarketingAndAdvertisingExpense`	$84.92K	USD	3 Qtrs
Advertising and marketing	`MarketingAndAdvertisingExpense`	$87.32K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$456.93K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$604.40K	USD	3 Qtrs
Loan interest	`LoanInterest`	$142.59K	USD	3 Qtrs
Loan interest	`LoanInterest`	$60.69K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$33.28K	USD	3 Qtrs
Depreciation expense	`Depreciation`	$29.33K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.93M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$2.20M	USD	3 Qtrs
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$-1.81M	USD	3 Qtrs
Net Income/(Loss) from Operations	`OperatingIncomeLoss`	$413.79K	USD	3 Qtrs
Other Income	`OtherIncome`	$36.01K	USD	3 Qtrs
Other Income	`OtherIncome`	$3.31M	USD	3 Qtrs
Other (Expense)	`OtherNonoperatingExpense`	$712.87K	USD	3 Qtrs
Other (Expense)	`OtherNonoperatingExpense`	$259.94K	USD	3 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$2.60M	USD	3 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-223.92K	USD	3 Qtrs
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$189.86K	USD	3 Qtrs
Net Income/(loss) before Income Taxes	`IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet`	$787.03K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net Income/(loss)	`NetIncomeLoss`	$189.86K	USD	3 Qtrs
Net Income/(loss)	`NetIncomeLoss`	$787.03K	USD	3 Qtrs
Net Income/(loss) per Common Share - Basic	`EarningsPerShareBasic`	$0.00	USD	3 Qtrs
Net Income/(loss) per Common Share - Basic	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Net Income/(loss) per Common Share - Diluted	`EarningsPerShareDiluted`	$0.01	USD	3 Qtrs
Net Income/(loss) per Common Share - Diluted	`EarningsPerShareDiluted`	$0.00	USD	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.42M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.42M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.42M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.42M	shares	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Income/(Loss)	`NetIncomeLoss`	$189.86K	USD	3 Qtrs
Net Income/(Loss)	`NetIncomeLoss`	$787.03K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-104.69K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-186.78K	USD	3 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$20.50K	USD	3 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$43.85K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$23.87K	USD	3 Qtrs
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$29.33K	USD	3 Qtrs
Depreciation	`DepreciationAndAmortization`	$58.56K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-261.15K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$349.00K	USD	3 Qtrs
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-63.90K	USD	3 Qtrs
Accrued Interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-21.30K	USD	3 Qtrs
Accrued Payroll	`IncreaseDecreaseInAccruedTaxesPayable`	$-164.13K	USD	3 Qtrs
Accrued Payroll	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	3 Qtrs
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-230.03K	USD	3 Qtrs
Payroll liability - Pension	`IncreaseDecreaseInPayrollLiabilityPension`	$-93.76K	USD	3 Qtrs
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$554.98K	USD	3 Qtrs
Net Cash (Used)/provided in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$398.19K	USD	3 Qtrs
Building improvements	`BuildingImprovements`	$130.13K	USD	3 Qtrs
Building improvements	`BuildingImprovements`	$505.00	USD	3 Qtrs
Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.34K	USD	3 Qtrs
Equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.58K	USD	3 Qtrs
Sales of Vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Sales of Vehicle	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.50K	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.21K	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.85K	USD	3 Qtrs
Loan principle payments	`LoanPrinciplePayments`	$55.27K	USD	3 Qtrs
Loan principle payments	`LoanPrinciplePayments`	$85.11K	USD	3 Qtrs
Payment for shareholder buyout	`PaymentForShareholderBuyout`	$686.99K	USD	3 Qtrs
Net adjustments, Equity	`NetAdjustmentsEquity`	-	USD	3 Qtrs
Net adjustments, Equity	`NetAdjustmentsEquity`	$110.30K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-882.40K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.27K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-467.62K	USD	3 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$330.07K	USD	3 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	USD	Point-in-time
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 End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.66M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.56M	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
Income Taxes Paid	`InterestPaidNet`	-	USD	3 Qtrs
Income Taxes Paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest Paid	`IncomeTaxesPaidNet`	$142.59K	USD	3 Qtrs
Interest Paid	`IncomeTaxesPaidNet`	$60.69K	USD	3 Qtrs
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	-	USD	3 Qtrs
Operating leases - right of use asset	`OperatingLeasesRightOfUseAsset`	$302.69K	USD	3 Qtrs
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	-	USD	3 Qtrs
Operating leases - lease liability	`OperatingLeasesLeaseLiability`	$294.39K	USD	3 Qtrs

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.20M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Net Income for the period	`NetIncomeLoss`	$189.86K	USD	3 Qtrs
Net Income for the period	`NetIncomeLoss`	$787.03K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$-1.20M	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.