Company: AGSS
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001213900-25-091579
Chunk: 10

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-09-25
Form: 10-Q
Item: Item 1
Chunk 10
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 the first 3.5 years of operations. The revenue sharing ended April 2022. As of December 31, 2022, the receivable was adjusted to $350,000 and a note payable from AmeriGuard was executed. The $350,000 note is amortized over 20 years, with a balloon payment December 31, 2032. The interest rate is 6%, with the monthly payment of $2,500. For June 30, 2025, the note receivable is presented with the current portion of $12,289, and long-term portion of $214,406. As of December 31, 2024, the short-term portion is $12,289 and a long-term portion of $288,459.

NOTE 4 – RELATED PARTY TRANSACTION On July 7, 2021, AGS entered into an agreement
to purchase 100% of the Preferred A-1 Stock of Health Revenue Assurance Holdings, Inc. a SEC registered company for $500,000. In March 2022,
Health Revenue Assurance Holdings, Inc. name was changed to Ameriguard Security Services Inc. (AGSS). On December 9, 2022, we signed
the definitive merger agreement initiating a reverse merger with AGSS, resulting in AGS becoming a 100% owned subsidiary of AGSS. Prior
to the merger, AGS funded the operational expenses of AGSS and treated these expenses as related party expenses. These expenses were eliminated
when the two companies were consolidated for the financial statement presentation.

NOTE 5 – FIXED ASSETS Fixed assets consist of the following on June 30, 2025, and December 31, 2024:      2025   2024   Leasehold Improvements   274,133    274,133    Machinery and Equipment   365,168    298,974    Vehicles   1,481,593    1,466,593    Total Fixed Assets   2,120,894    2,039,700    Accumulated Depreciation   (1,030,215)   (864,153)   Fixed Assets, Net  $1,090,679   $1,175,547    8  

NOTE 6 – OPERATING LEASES We have leased vehicles with terms greater than one year that are classified as operating