Company: AGSS
Filing Date: 2025-05-19
Form Type: 10-Q
Source: 0001829126-25-003800
Chunk: 24

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-19
Form: 10-Q
Item: Part I, Item 1
Chunk 24
---
 include cash from operations and proceeds from debt financing. During the three months
ending March 31, 2025, operations generated a net decrease in cash of approximately $1,787,000 while cash used by investing activities
was approximately $17,000. Financing activities added approximately $1,650,000. The net decrease in cash for the period was approximately
$154,100.

On
March 31, 2025, the Company had cash on hand of $270,484 with total current assets of $3,196,616.

15

Moving Forward

During
the past twenty-seven months we have worked diligently to set up our corporate structure, process, staffing and implement our strategy
as a public company to expand our business. Our current overhead expense structure has excess capacity, positioning us to manage two
to three times the revenues from one of two strategic growth sources.

Our
first source is to continue our historical strategy of seeking organic growth through bidding and winning contracts that meet our criteria
for both AGS and TUS. We had two contracts that were won and commenced during the third quarter of 2024, and we will realize the impact
of the full annual revenue increase in 2025. As of December 31, 2024, we had four bids submitted totaling over $12M in revenues. We have
continued to submit bids each month, resulting in 5-10 bids in review at all times. We are confident with our history of excellent service
and strategic bids that we should add new contracts to the company. We continue to seek new ways to meet the growing security needs of
commercial businesses. Management anticipates that our access to capital markets allows AGSS to encompass advanced AI-driven digital
security and robotics, delivering it to the security industry, as well as our non-emergency medical transportation logistics. These advancements
serve as catalysts for immediate performance improvements in short term and long-term growth supporting the federal and private sectors.
By leveraging cutting-edge blockchain, AI, and robotics technologies, our company is uniquely positioned to reduce labor and operational
costs while delivering a high level of security innovation that differentiates us from conventional human-based security and transportation
firms. Our proactive AI technical approach not only enhances our operational efficiency but also enables us to deploy scalable, automated
security solutions nationwide, that adapt to rapidly evolving threats in the digital and physical realms. As the market begins to demand
greater efficiency from our industry, AI robotic security will continue to expand, our integrated technology platforms