Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 505

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 8
Chunk 505
---
,369

    Total Liabilities

    12,935,324

    8,619,173

    Stockholders’ equity

    Common stock, $.001
    par value, 94,918,292
    shares issued and outstanding at December 31, 2024, and 2023 (note 11)

    159,846

    159,846

    Retained earnings/(deficit)

    (3,279,976
    )

    (943,679
    )
  
    Total Stockholders’ Equity

    (3,120,130
    )

    (783,833
    )
  
    Total Liabilities and Stockholders’ Equity
     
    $
    9,815,194

    $
    7,835,340

See accompanying notes to financial statements

F-3

AmeriGuard Security Services, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Years Ending

    December 31,

    December 31,
2024

    2023
(restated)

    Revenue

    Services
     
    $
    26,258,260

    $
    20,852,372

    Discounts and allowances

    (22,981
    )

    (97,711
    )
  
    Other operational income

    200,332

    215,066

    Total Revenue

    26,435,611

    20,969,727

    Cost of Services

    Salaries and related taxes

    16,695,048

    14,531,795

    Employee benefits

    3,386,874

    2,881,774

    Sub-Contractor payments

    848,247

    1,331,446

    Training and direct expenses

    130,347

    85,861

    Vehicles and equipment expenses

    2,376,139

    333,464

    Total Cost of Services

    23,436,656

    19,164,340

    Gross Margin

    2,998,955

    1,805,387

    Operating Expenses

    Salaries, payroll taxes and benefits

    1,365,121

    1,604,520

    Vehicle expense

    453,517

    384,013

    Professional services

    992,