Company: AGSS
Filing Date: 2025-05-08
Form Type: 10-K/A
Source: 0001829126-25-003478
Chunk: 3

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-08
Form: 10-K/A
Chunk 3
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,795,406 resulting from the $2,220,000 value of the shares issued for the purchase over the net book value of TransportUS, Inc. of $424,593 as of October 31, 2023. Due to the agreements two step issuance of the agreed 3,000,000 AGSS shares, the impact on the Balance Sheet of AGSS is an increase in common stock book value by $1,110,000, a deferred liability of $1,110,000, an investment in subsidiary asset value of $424,593 and Goodwill in the amount of $1,795,406, for the year ended December 31, 2023. The consolidated Balance Sheet presentation eliminates the investment in subsidiary asset reflected on the Balance Sheet of AGSS.

As of December 31, 2023, the Deferred Liability in Subsidiary increased by $30,000 due to the decrease in share value as of that date. This created a loss from deferred liability of subsidiary equal to $30,000. The result is a balance of $1,140,000 in Deferred Liability Subsidiary as of December 31, 2023.Three million shares with a fair value of $2,220,000 was given for the purchase of TransportUS in which half of the shares withheld until TransportUS has secured a permanent contract that it had up for renewal. This created a deferred liability of $1,110,000. A loss of $30,000 on Deferred Liability for the Subsidiary.

These changes has changed the prior stated revenue from $24,350,618 to $20,969,727. The net income changed from $122,636 to $103,615. The earnings per share changed from 0.0013 to 0.0011. Total Assets changed from $6,067,966 to $7,835,340, total liabilities changed from $7,561,590 to $8,619,173 and retained earnings changed from a deficit of $1,653,470 to $2,052,179.

Below are the prior filed statements.

<div align='center'>AmeriGuard Security Services, Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Years Ending</div>

| Revenue                                                                  |     | Previously Reported 
 December 31,        
 2023                |            |   |     | Restated     
 December 31, 
 2023         |            |   |     | $ Change