Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 698

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 10
Chunk 698
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 Administration, NSC
     
    -
    
        September 2022 through September 2027
        Annual Revenue of approx. $6.1M  

    ●
    Social security Administration, SSC 
     
    -
    
        June 2022 through June 2027
        Annual Revenue of approx. $5.4M  

    F-15

    ●
    Social Security Administration, WBDOC
     
    -
    
        June 2021 through July 2026
        Annual Revenue of approx. $3M  

    ●
    Veterans Administration – Long Beach CA
     
    -
    Feb 2019 through March 2025 (extension expected)
                                                                                Annual Revenue of approx. $9M

    ●
    Veterans Administration – Los Angeles CA
     
    -
    
        Oct 2024 through Sep 2029
        Annual Revenue of approx. $720K  

    ●
    Veterans Administration – Loma Linda CA
     
    -
    
        Oct 2024 through Sep 2029
        Annual Revenue of approx. $2.1M  

NOTE 14 – LITIGATION AND CLAIMS

As of December 31, 2024, there are three employment issues pending. The issues revolve around terminated employees alleging the Company has failed to pay minimum wages, sick pay wages, meal period violations, rest period violations, wage statement violations and violation of the unfair business practices act. A lawsuit has been filed, but it is early in the process and the attorneys cannot comment on the merits at this time. The Company believes the suit has no merit and intends to resolve it before a trial, if possible.

Per Attorney letters issued there are no other pending cases or legal matters.

NOTE 15 – INCOME TAXES

Due to the losses incurred during the tax year
ending 2022, and the expected zero tax due for 2023, there is no
estimated tax liability for 2023. 2204 has also resulted in a net loss. Therefore, no provision for income taxes has been included
in the accompanying financial statements.

NOTE 16 – SUBSEQUENT EVENTS

On February 05, 2025, the Company entered into a
government purchase orders/receivables backed line of credit of $7,000,000 with a maturity date of August 5, 2026, with
Legalist, Inc an investment firm specializing in alternative assets.

The Company paid off all of its merchant advance debt and