Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 199

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 2
Chunk 199
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 industry continues to expand, and at the same time there’s a lot of
consolidation occurring. The security industry is no different than many others. Several privately held firms equal to our size and
larger are looking for a buyout allowing the owner to retire. Our experience allows AGSS to be the company acquiring others, which
can quickly double our revenues with one or two key acquisitions. After which we will see all the gross profit from those companies
going directly to our bottom line. There are also potential acquisition opportunities in several other industries that could fit our
business model. Those include transportation, cyber security, private security, ammunition manufacturing, and surveillance.

Management is very positive regarding profitable
operations for the next twelve months based on the following:

●Both industries that AGSS currently
operates in, are growing industries.

    ●
    The security industry is somewhat recession proof.

    ●
    The non-emergency transportation market is growing at an annual rate of over 7.5%.

    ●
    There are over 10,000 security companies operating in our market, with 50% available for acquisition.

    ●
    Our management team, Board of Directors and supporting equity professionals can get the job done.

    ●
    We negotiated a full refinance agreement of our debt in March 2025, allowing for better control of debt payments and cash flow.

    ●
    We have been and will continue to be a company that is very conservative with our resources and will use every available dollar providing strength, and good return to our investors.

    ●
    We are in it for the long haul.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company and are not required to provide the information required by this item.

11

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Our consolidated balance sheets, as of December 31,
2024, and 2023, and the related consolidated statements of operations and comprehensive loss, stockholders’ deficit and cash flows
for each of the two years in the period ending December 31, 2024, and 2023, together with the related notes and the report of our
independent registered public accounting firm, are set forth on the “F” pages of this report.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On