Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 280

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 3
Chunk 280
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 Therefore, no provision for income taxes has been included
in the accompanying financial statements.

NOTE 16 – SUBSEQUENT EVENTS

On February 05, 2025, the Company entered into a
government purchase orders/receivables backed line of credit of $7,000,000 with a maturity date of August 5, 2026, with
Legalist, Inc an investment firm specializing in alternative assets.

The Company paid off all of its merchant advance debt and revenue purchase
agreements that were taken out in December 2023 and January of 2024 totaling $1,475,000. The Company also paid off an SBA Loan that was
entered into in June 2020, in the amount of $634,849.

On December 18, 2023, Ameriguard Security Services Inc. (“AGSS”)
entered into a revenue purchase agreement with Velocity Capital Group LLC (“VCG”), pursuant to which AGSS received $412,500
from VCG, for a purchase amount of $565,125. The purchased interest percentage was 8.48%. AGSS committed to paying VCG $17,660 weekly.
On February 7, 2025, the company paid off the final balance of $420,000 and satisfied the debt completely.

On December 20, 2023, AGSS entered into a standard merchant cash advance
agreement with TVT CAP (“TVT”), pursuant to which AGSS received $736,000 from TVT, for a purchase price of $800,000 and a
purchased receivables amount of $1,199,200. The purchased interest percentage was 14.87%. AGSS committed to paying VCG $49,966.67 weekly.
On February 7, 2025, the company paid off the final balance of $580,000 and satisfied the debt completely.

On January 2, 2024, AGSS entered into a standard merchant cash advance
agreement with Cedar Advance LLC (“Cedar”), pursuant to which AGSS received $504,000 from Cedar, for a purchase price of $525,000
and a purchased receivables amount of $719,250. The purchased interest percentage was 12%. AGSS committed to paying VCG $22,476.56 weekly.
On February 7, 2025, the company paid off the final balance of $475,000 and satisfied the debt completely.

This credit
line will provide the required operational liquidity for