Company: AGSS
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111597
Chunk: 51

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-11-17
Form: 10-Q
Item: Item 8
Chunk 51
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into 3,934,292
shares. 

 The only change to Stockholders Deficit through
3rd Quarter 2025 is the inclusion of the consolidated net loss of $845,858.

NOTE 12 –
COMMITMENTS AND CONTINGENCIES

The company has a multiple vehicle lease agreement
with Enterprise Leasing. As of September 30, 2025, the company had 82 vehicles under lease. The lease agreement includes maintenance
services and tracking. The terms of the lease agreement vary based on the date the vehicle was leased and the respective terms for each
vehicle. The master lease is updated annually and requires annual internal financial reports and company tax return.

NOTE 13 –
CONCENTRATION OF SALES

 The company generated approximately $19,718,000
in service revenue as of September 30, 2025, and approximately $18,212,000
in contract service revenue. Of the total service revenue, approximately 92%
was earned from the six federal contracts listed below. As indicated the three Social Security Administration contracts were forfeited
June 30, 2025, due to the key lender initiating a loan default early July. The Veterans Administration contracts remain active, and their
respective terms are as follows: 

    ●
    Social Security Administration,
        NSC **
     
    -
    
        September 2022
        through September 2027
        Annual Revenue of approx. $6.1M,
        forfeited June 30, 2025 

    ●
    Social Security Administration,
        SSC **
     
    -
    
        June 2022
        through June 2027
        Annual Revenue of approx. $5.4M,
        forfeited June 30, 2025 

    ●
    Social Security Administration,
        WBDOC **
     
    -
    
        June 2021
        through July 2026
        Annual Revenue of approx. $3M,
        forfeited June 30, 2025 

    ●
    Veterans Administration –
        Central Los Angeles CA
     
    -
    
        Oct
        2024 through Sep 2029
        Annual Revenue of approx. $1M

    ●
    Veterans Administration –
        Long Beach CA
     
    -
    
        Feb
        2019 through September 2025
        Annual Revenue of approx. $9.2M

    ●
    Veterans Administration –
        Loma Linda CA