Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 768

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 13
Chunk 768
---
938,464

    Cash at Beginning of Period

    2,166,118

    1,227,654

    Cash at End of Period
     
    $
    424,588

    $
    2,166,118

    Supplemental Cash Flow Information:

    Income Taxes Paid
     
    $
    3,562

    $
    (742
    )
  
    Interest Paid
     
    $
    1,495,789

    $
    277,205

    Supplemental disclosure of non-cash financing activities:

    Shareholder Loan
     
    $
    2,531,096

    $
    2,697,960

    Operating leases - right of use asset
     
    $
    3,261,415

    $
    977,600

    Operating leases - lease liability
     
    $
    3,261,415

    $
    977,599

See accompanying notes to financial statements

F-6

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 5 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