Company: AGSS
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111597
Chunk: 5

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-11-17
Form: 10-Q
Item: Item 1
Chunk 5
---
 liability
     
    $
    2,145,274

    $
    1,060,015

See accompanying notes to financial statements

4

AmeriGuard
Security Services, Inc.

Notes to Condensed
Consolidated Financial Statements

NOTE 1 –
ORGANIZATION AND DESCRIPTION OF BUSINESS

 AmeriGuard Security Services, Inc. (“AGS”),
was incorporated on November 14,
2002, with an S-Corp tax election. The corporation was incorporated with the issuance of 1,000
shares of no-par value stock held by Lawrence Garcia, President and CEO with 550
shares, and Lillian Flores, VP of Operations with 450
shares. AGS provides armed guard services as a federal contractor with licenses in five states and provides commercial guard services
in California. 

 On July 7, 2021, AGS, entered into an agreement
to gain 100%
control of Health Revenue Assurance Holdings, Inc (“HRAA”) a public corporation, incorporated in Nevada, by the purchase of
10,000,000
shares of Preferred A-1 Stock from the seller, Custodian Ventures LLC. The purchase of HRAA allowed the Company to begin plans to consummate
a reverse merger with HRAA, becoming a wholly owned subsidiary of a public company. In March of 2022, a Certificate of Amendment was filed
with the Nevada Secretary of State, changing the name of HRAA to Ameriguard Security Services, Inc. (“AGSS”). Shortly thereafter,
a stock name and ticker change report was filed with the SEC, and the stock ticker of HRAA was changed to AGSS. 

On December 9, 2022, AGS executed the reverse
merger agreement and became the subsidiary of AGSS (the “Company”). From that point forward, the financial statement filings
will be the consolidation of Ameriguard Security Services, Inc, a Nevada company, with Ameriguard Security Services, Inc., a California
company.

 On October 20, 2023, the Company executed
a share purchase agreement to acquire TransportUS Inc. TransportUS, Inc. was incorporated on October 24, 2018, with an S-Corp tax
election. The corporation was incorporated with the issuance of 1,000
shares with no-par par value stock held by Lawrence Garcia, President and CEO. TransportUS Inc. provides human transportation services
as a federal contractor, currently providing services in