Company: AGSS
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001829126-25-003800
Chunk: 19

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 Schedule of the loan active

    2025

    2024

    Current Portion:

    Notes and loans payable
     
    $
    4,968,352

    $
    2,854,977

    Long term Portion:

    Notes and loans payable

    2,441,046

    3,000,123

    Total Notes Payable
     
    $
    7,409,398

    $
    5,855,100

NOTE 11 – STOCKHOLDERS’ EQUITY

On December 9, 2022, AGS executed a reverse merger agreement with AGSS resulting in significant adjustments to the equity section of both companies. The result of the merger was AGSS became the sole owner of AGS. Although the merger is dated December 9, 2022, for financial statement presentation purposes, we have presented the Equity Section as if the merger occurred in 2021.

The first significant impact on stockholders’ equity was the issuance of 90,000,000 AGSS shares to the shareholders of Ameriguard Security Services, Inc., in exchange for 1000 shares of AGS, adding a net increase in common shares outstanding of 89,999,000. Next was the cancelation and conversion of series 675,000 A-1 preferred shares held by AGSS on December 31, 2020. The result in the total number of shares outstanding is 93,417,302.

    12

On October 20, 2023, the Company executed a
share purchase agreement to acquire a related company owned by Lawrence Garcia, CEO. TransportUS
Inc. was acquired with 3,000,000 shares with the initial 1,500,000 shares to purchase from the company and a bonus of 1,500,000
shares when TransportUS renews its main services contract with the Veterans Affairs Department of Long Beach,
CA. As of March 31, 2025, the Department of Veterans affairs in Long Beach, CA has not awarded a
contract but has issued an extension of the contract to the Company through September 2025.

The only change to Stockholders Deficit for 1st
Quarter 2025 is the inclusion of the consolidated net loss of $1,081,492.

NOTE 12 – COMMITMENTS AND CONTINGENCIES

The company has a multiple vehicle lease agreement with Enterprise
Leasing. As of March 31,