Ameriguard Security Services, Inc. Files 2023 Annual Report

TL;DR

<b>Ameriguard Security Services, Inc. has filed its annual 10-K report for the fiscal year ended December 31, 2023, detailing its operations in the security services sector.</b>

AI Summary

AMERIGUARD SECURITY SERVICES, INC. (AGSS) filed a Annual Report (10-K) with the SEC on April 4, 2024. Ameriguard Security Services, Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The company's principal business is providing detective, guard, and armored car services. The filing covers the period from January 1, 2023, to December 31, 2023. Key financial data points and operational expenses are detailed within the report. The company was formerly known as Health Revenue Assurance Holdings, Inc. and Anvex International, Inc.

Why It Matters

For investors and stakeholders tracking AMERIGUARD SECURITY SERVICES, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Ameriguard's financial performance, operational activities, and strategic positioning for the fiscal year 2023. Investors and stakeholders can use this report to assess the company's financial health, identify potential risks, and understand its business model within the security services industry.

Risk Assessment

Risk Level: — AMERIGUARD SECURITY SERVICES, INC. shows moderate risk based on this filing. The company's financial performance and operational details are presented in a standard 10-K format, which typically involves a moderate level of risk due to the inherent nature of public company disclosures and the competitive security services market.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Ameriguard's current financial health and future prospects.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-04 — Filing Date (Date of submission)
• 7381 — SIC Code (Services-Detective, Guard & Armored Car Services)

Key Players & Entities

• AMERIGUARD SECURITY SERVICES, INC. (company) — Filer name
• AGSS (company) — Ticker symbol
• 2023-12-31 (date) — Fiscal year end
• 2024-04-04 (date) — Filing date
• HEALTH REVENUE ASSURANCE HOLDINGS, INC. (company) — Former company name
• ANVEX INTERNATIONAL, INC. (company) — Former company name
• Lillian Flores (person) — Mentioned in relation to CEO role

FAQ

Industry Context

Ameriguard Security Services operates within the security services industry, which includes guard, armored car, and detective services.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit annual reports to the SEC.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial statements and management discussion.
2. Research the competitive landscape within the security services industry.
3. Monitor future SEC filings for updates on Ameriguard's performance and strategy.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-04: Filing Date — Date the 10-K report was officially submitted to the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the official annual financial and operational overview for Ameriguard Security Services, Inc.)

SIC Code

Standard Industrial Classification code used to classify businesses based on their primary activity. (Indicates Ameriguard's core business is in detective, guard, and armored car services.)

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023, providing a baseline for future comparisons.

Key Financial Figures

• $3,384,950 — her 450 shares for the consideration of $3,384,950 and a promissory note in that amount se
• $0.001 — 0 shares of Series A-1 Preferred Stock, $0.001 par value per share (the "Shares") of t
• $500,000 — e consideration paid for the Shares was $500,000. In connection with the transaction, Da
• $686,990 — The initial payment on July 8, 2022, of $686,990 reduced the balance to $2,697,960. The
• $2,697,960 — 022, of $686,990 reduced the balance to $2,697,960. The second through fifth installment a
• $20 million — cial property. Guard services generated $20 million in revenues for the fiscal year ended D
• $5 million — se two contracts generate approximately $5 million in revenues annually. TUS operates appr
• $50 million — han guard services. Companies with over $50 million in revenue have, over the last 10 years
• $20 m — rowth while those guard companies under $20 million, the remaining 9,900 firms, have
• $20 billion — ize on and penetrate opportunities in a $20 billion in-house market – especially for those
• $6.4 billion — North American market was approximately $6.4 billion in 2022 with a compound annual growth r
• $7.6 billion — ides TUS with a market of approximately $7.6 billion in 2024. As a relatively new company, i
• $55,767 — ease. Our lease payments are a total of $55,767 for the entire term (or, $4,230 per mon
• $4,230 — tal of $55,767 for the entire term (or, $4,230 per month). The Company believes that t

Filing Documents

• ameriguardsec_10k.htm (10-K) — 557KB
• ameriguardsec_ex21-1.htm (EX-21.1) — 2KB
• ameriguardsec_ex31-1.htm (EX-31.1) — 13KB
• ameriguardsec_ex31-2.htm (EX-31.2) — 13KB
• ameriguardsec_ex32-1.htm (EX-32.1) — 6KB
• ameriguardsec_ex32-2.htm (EX-32.2) — 6KB
• 0001829126-24-002229.txt (&nbsp;) — 3032KB
• agss-20231231.xsd (EX-101.SCH) — 35KB
• agss-20231231_cal.xml (EX-101.CAL) — 42KB
• agss-20231231_def.xml (EX-101.DEF) — 107KB
• agss-20231231_lab.xml (EX-101.LAB) — 249KB
• agss-20231231_pre.xml (EX-101.PRE) — 206KB
• ameriguardsec_10k_htm.xml (XML) — 223KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 8 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 11 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 11 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. 12 Item 9A.

Controls and Procedures

Controls and Procedures. 12 Item 9B. Other Information. 12 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections. 12 PART III Item 10. Directors, Executive Officers and Corporate Governance. 13 Item 11.

Executive Compensation

Executive Compensation. 16 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholders Matters. 17 Item 13. Certain Relationships and Related Transactions, and Director Independence. 17 Item 14. Principal Accountant Fees and Services. 17 PART IV Item 15. Exhibits, Financial Statement Schedules. 19

SIGNATURES

SIGNATURES 20 EXHIBIT INDEX 21

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS F-1 i

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS The statements contained in this report with respect to our financial condition, results of operations and business that are not historical facts are "forward-looking statements". Forward-looking statements can be identified by the use of forward-looking terminology, such as "anticipate", "believe", "expect", "plan", "intend", "seek", "estimate", "project", "could", "may" or the negative thereof or other variations thereon, or by discussions of strategy that involve risks and uncertainties. Management wishes to caution the reader of the forward-looking statements that any such statements that are contained in this report reflect our current beliefs with respect to future events and involve known and unknown risks, uncertainties and other factors, including, but not limited to, economic, competitive, regulatory, technological, key employees, and general business factors affecting our operations, markets, growth, services, products, licenses and other factors. These forward-looking statements are only estimates or predictions. No assurances can be given regarding the achievement of future results, as actual results may differ materially as a result of risks facing our company, and actual events may differ from the assumptions underlying the statements that have been made regarding anticipated events. These risk factors should be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. All written and oral forward-looking statements made in connection with this report that are attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given these uncertainties, we caution investors not to unduly rely on our forward-looking statements. We do not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking s

BUSINESS

ITEM 1. BUSINESS Company History Health Revenue Assurance Holding, Inc. (the "Company"), was incorporated in Nevada on December 13, 2010. The Company intended to become a provider of revenue cycle services to a broad range of healthcare providers. Offering the customers integrated solutions designed around their specific business needs, including revenue cycle data analysis, contract and outsourced coding, billing, coding and compliance audits, coding education, coding consulting, physician coding services and ICD-10 education and transition services. On February 10, 2012, the Company entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") with Health Revenue Assurance Holdings, Inc. (formerly known as Anvex International, Inc., "HRAH"), a Nevada company, and its wholly-owned subsidiary Health Revenue Acquisition Corporation ("Acquisition Sub"), which was treated for accounting purposes as a reverse recapitalization with HRAA, considered the accounting acquirer. Each share of HRAA's common stock was exchanged for the right to receive approximately 1,271 shares of HRAH's common stock. Before their entry into the Merger Agreement, no material relationship existed between HRAH and Acquisition Sub or HRAA. On April 27, 2012, the Company completed a 12.98 to 1 forward stock split. On May 2, 2012, the Company changed its ticker symbol from ANVX to HRAA. The Company then went dormant in August 2014. On July 14, 2020, as a result of a custodianship in Clark County, Nevada, Case Number: A816259, Custodian Ventures LLC ("Custodian") was appointed Custodian of the Company. On July 15, 2020, Custodian appointed David Lazar as the Company's Chief Executive Officer, President, Secretary, Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. AmeriGuard Security Services, Inc. ("AmeriGuard") was incorporated in California on November 14, 2002. The corporation was incorporated with the issuance of 1,

RISK FACTORS

ITEM 1A. RISK FACTORS AS A SMALLER REPORTING COMPANY, WE ARE NOT REQUIRED TO PROVIDE A STATEMENT OF RISK FACTORS.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS. None.

CYBERSECURITY

ITEM 1C. CYBERSECURITY. We have a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program is integrated into our overall enterprise risk management program, and shares common methodologies, reporting channels and governance processes that apply across the enterprise risk management program to other legal, compliance, strategic, operational, and financial risk areas. We have not identified risks from known cybersecurity threats, including as a result of any prior cybersecurity incidents, that have materially affected or are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. Cybersecurity Governance Our board of directors, in considering cybersecurity risk as part of its risk oversight function, oversees management's implementation of our cybersecurity risk management program. Our board of directors receives reports from management on our cybersecurity risks. In addition, management updates our board of directors, as necessary, regarding any material cybersecurity incidents, as well as any incidents with lesser impact potential. Our management team is responsible for assessing and managing our material risks from cybersecurity threats. The team has primary responsibility for our overall cybersecurity risk management program and supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team supervises efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal security personnel, threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged by us, and alerts and reports produced by security tools deployed in the IT enviro

PROPERTIES

ITEM 2. PROPERTIES The Company's corporate headquarters is located at 5470 W. Spruce Avenue, Suite 102, Fresno CA. The lease is currently month to month. Landlord has not indicated a desire for a new lease. Our lease payments are a total of $55,767 for the entire term (or, $4,230 per month). The Company believes that this rent expense is reasonable and comparable to the rent that would be charged to a third party. 5

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS Involvement in Certain Legal Proceedings To our knowledge, during the past ten years, none of our directors, executive officers, promoters, control persons, or nominees has: been convicted in a criminal proceeding or been subject to a pending criminal proceeding (excluding traffic violations and other minor offenses) had any bankruptcy petition filed by or against the business or property of the person, or of any partnership, corporation or business association of which he was a general partner or executive officer, either at the time of the bankruptcy filing or within two years prior to that time; been found by a court of competent jurisdiction in a civil action or by the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated; been the subject of, or a party to, any federal or state judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated (not including any settlement of a civil proceeding among private litigants), relating to an alleged violation of any federal or state securities or commodities law or regulation, any law or regulation respecting financial institutions or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order, or any law or regulation prohibiting mail or wire fraud or fraud in connection with any business entity; or been the subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated, of any self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act), any registered entity (as defined in Section 1(a)(29) of the Commodity Exchange Act), or any equivalent exchange, association, entity or organization

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not applicable. 6 PART II

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information As of the date of this report, the Company's common stock is quoted on OTC Markets, symbol AGSS. The high and low bid prices of our common stock following such date is as follows: Quarter Ended High Low March 31, 2023 $ 1.60 $ 1.30 June 30, 2023 $ .739 $ .699 September 30, 2023 $ .64 $ .64 December 31, 2023 $ .85 $ .76 The last reported sales price of our common stock on the

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View this 10-K filing on SEC EDGAR