Company: AGSS
Filing Date: 2025-05-08
Form Type: 10-K/A
Source: 0001829126-25-003478
Chunk: 20

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-08
Form: 10-K/A
Chunk 20
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 period was $46,207 with cash provided from financing activities was $1,072,386. Resulting in a net cash increase of $938,464 for 2023. The net decrease in cash for 2022 was approximately $902,000.

The main source of cash from financing activities was a short-term accounts receivable loan received in December in the amount of $1,074,160. Financing activities usage was SBA loan payments of $74,174. The main use of cash in investing activities was used for operations.

On December 31, 2023, the Company had cash on hand of $2,166,118, with total current assets of $4,147,519.

Moving Forward

During the past eighteen months we have worked diligently to set up our corporate structure and systems and implement our strategy as a public company to expand our business. Our current overhead expense structure has the capacity to manage two to three times the revenues from one of two strategic sources.

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Our first source is to continue our historical path of seeking organic growth through bidding and winning contracts that meet our criteria. We are confident with our history of excellent service and strategic bids that we should add new contracts to the company.

Our second source of growth is merger and acquisition. Now that we have the capital market available to us and our industry is positioned for long-term growth, now is the time. The security industry continues to grow in opportunity, and at the same there’s a lot of consolidation occurring. We plan to strategically acquire others and quickly double our revenues with one or two key acquisitions. The net profit from these acquisitions would positively impact our bottom line.

There are also potential acquisition opportunities in several other industries that could fit our business model. Those include transportation, cyber security, private security, ammunition manufacturing, and surveillance.

Management is very positive regarding profitable operations for the next twelve months based on the following:

| ● | Both industries that AGSS currently operates in are growing industries. |

| ● | The security industry is somewhat recession proof.                                                    |
| ● | The non-emergency transportation market is growing at an annual rate of over 7.5%.                    |
| ● | There are over 10,000 security companies operating in our market, with 50% available for acquisition. |

| ● | Our management team, Board of Directors and supporting equity professionals can get the job done. |

| ● | We have been and will continue to be a company that is very conservative with our resources