Cover
Cover - shares | 9 Months Ended | |
Sep. 30, 2022 | Nov. 10, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-173039 | |
Document Registration Statement | AMERIGUARD SECURITY SERVICES, INC | |
Entity Central Index Key | 0001514443 | |
Entity Tax Identification Number | 99-0363866 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 5470 W. Spruce Avenue | |
Entity Address, Address Line Two | Suite 102 | |
Entity Address, City or Town | Fresno | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 93722 | |
City Area Code | 559 | |
Local Phone Number | 271-5984 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 3,417,302 |
BALANCE SHEETS (Unaudited)
BALANCE SHEETS (Unaudited) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Current Assets | ||
Cash | ||
Total Current Assets | ||
TOTAL ASSETS | ||
Current Liabilities | ||
Due to related party | 49,120 | 10,596 |
Total Current Liabilities | 49,120 | 10,596 |
STOCKHOLDERS’ DEFICIT | ||
Series A-1 Preferred Stock, par value $0.001 25,000,000 shares authorized, 10,000,000 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 10,000 | 10,000 |
Common stock, par value $0.001, 500,000,000 shares authorized, 3,417,302 (post-split) and 68,346,042 (pre-split) shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 68,346 | 68,346 |
Additional paid-in capital | 9,976,045 | 9,976,045 |
Accumulated deficit | (10,103,511) | (10,064,987) |
Total Stockholders’ Deficit | (49,120) | (10,596) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT |
BALANCE SHEETS (Unaudited) (Par
BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Preferred A-1 Stock, Shares Par Value | $ 0.001 | $ 0.001 |
Preferred A-1 Stock, Shares Authorized | 25,000,000 | 25,000,000 |
Preferred A-1 Stock, Shares Issued | 10,000,000 | 10,000,000 |
Preferred A-1 Stock, Shares Outstanding | 10,000,000 | 10,000,000 |
Common Stock, Shares Par Value | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 |
Common Stock, Shares Issued | 3,417,302 | 68,346,042 |
Common Stock, Shares Outstanding | 3,417,302 | 68,346,042 |
STATEMENT OF OPERATIONS (Unaudi
STATEMENT OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Income Statement [Abstract] | ||||
Revenue | ||||
Total Revenue | ||||
Expenses | ||||
General and administrative expenses | 1,962 | 1,028 | 11,324 | 2,678 |
Professional fees | 5,500 | 8,319 | 27,200 | 14,698 |
Total Operating Expenses | 7,462 | 9,347 | 38,524 | 17,376 |
Net Income (Loss) | $ (7,462) | $ (9,347) | $ (38,524) | $ (17,376) |
Net Income (Loss) | ||||
Basic and diluted earnings per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 3,417,302 | 68,346,042 | 3,417,302 | 68,346,042 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($) | Series A One Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2020 | $ 10,000 | $ 68,346 | $ 9,939,684 | $ (10,043,670) | $ (25,640) |
Beginning balance, Shares at Dec. 31, 2020 | 10,000,000 | 68,346,042 | |||
Net loss | (5,183) | (5,183) | |||
Ending balance, value at Mar. 31, 2021 | $ 10,000 | $ 68,346 | 9,939,684 | (10,048,853) | (30,823) |
Ending balance, Shares at Mar. 31, 2021 | 10,000,000 | 68,346,042 | |||
Net loss | (2,847) | (2,847) | |||
Ending balance, value at Jun. 30, 2021 | $ 10,000 | $ 68,346 | 9,939,684 | (10,051,700) | (33,670) |
Ending balance, Shares at Jun. 30, 2021 | 10,000,000 | 68,346,042 | |||
Forgivness of related party debt | 36,361 | 36,361 | |||
Net loss | (9,347) | (9,347) | |||
Ending balance, value at Sep. 30, 2021 | $ 10,000 | $ 68,346 | 36,361 | (10,061,047) | (6,656) |
Ending balance, Shares at Sep. 30, 2021 | 10,000,000 | 68,346,042 | |||
Net loss | (3,940) | (3,940) | |||
Ending balance, value at Dec. 31, 2021 | $ 10,000 | $ 68,346 | 9,976,045 | (10,064,987) | (10,596) |
Ending balance, Shares at Dec. 31, 2021 | 10,000,000 | 68,346,042 | |||
Reverse Split of Common Stock 1 for 20 | $ 68,346 | ||||
Reverse Split of Common Stock 1 for 20, shares | 3,417,302 | ||||
Net loss | (19,180) | (19,180) | |||
Ending balance, value at Mar. 31, 2022 | $ 10,000 | $ 68,346 | 9,976,045 | (10,084,167) | (29,776) |
Ending balance, Shares at Mar. 31, 2022 | 10,000,000 | 3,417,302 | |||
Net loss | (11,882) | (11,882) | |||
Ending balance, value at Jun. 30, 2022 | $ 10,000 | $ 68,346 | 9,976,045 | (10,096,049) | (41,658) |
Ending balance, Shares at Jun. 30, 2022 | 10,000,000 | 3,417,302 | |||
Net loss | (7,462) | (7,462) | |||
Ending balance, value at Sep. 30, 2022 | $ 10,000 | $ 68,346 | $ 9,976,045 | $ (10,103,511) | $ (49,120) |
Ending balance, Shares at Sep. 30, 2022 | 10,000,000 | 3,417,302 |
STATEMENT OF CASH FLOWS (Unaudi
STATEMENT OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Cash Flow from Operating Activities | ||
Net Income (Loss) | $ (7,462) | $ (8,030) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Increase in accounts payable | 822 | |
Net Cash Used in Operating Activities | (7,462) | (7,208) |
Cash Flows from Financing Activities | ||
Due to related party | 7,462 | 7,208 |
Net Cash provided by financing activities | 7,462 | 7,208 |
Net increase (decrease) in cash | ||
Cash at beginning of period | ||
Cash at end of period | ||
Supplemental Disclosure of Interest and Income Taxes Paid: | ||
Interest paid during the period | ||
Income taxes paid during the period |
NATURE OF BUSINESS AND GOING CO
NATURE OF BUSINESS AND GOING CONCERN | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
NATURE OF BUSINESS AND GOING CONCERN | 1 – NATURE OF BUSINESS AND GOING CONCERN Overview Ameriguard Security Services, Inc., a Nevada company (“AGSS”) formerly Health Revenue Assurance Holdings, Inc). (“HRAA”) intended to become a provider of revenue cycle services to a broad range of healthcare providers. On February 10, 2012, HRAA entered into an Agreement and Plan of Merger and Reorganization 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. The Company had been dormant since 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. On September 8, 2021, in a private stock purchase agreement, 10,000,000 0.001 91 450,000 On September 8, 2021, the Company accepted the resignations from David Lazar as the Company’s Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary and as a Member of the Board of Directors. Effective on the same date to fill the vacancies created by Mr. Lazar’s resignations, the Company appointed Lawrence Garcia as the Company’s President, CEO, CFO, Treasurer, Secretary, and Chairman of the Board of Directors. These resignations are in connection with the consummation of the private stock purchase agreement and was not the result of any disagreement with Company on any matter relating to Company’s operations, policies or practices. On March 11, 2022, the Company, amended its articles of incorporation to change its name to Ameriguard Security Services, Inc. from Health Revenue Assurance Holdings, Inc. The name was deemed effective by FINRA on March 17, 2022. Going Concern The accompanying financial statements have been prepared assuming AGSS will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the twelve months following the date of these financial statements. As of September 30, 2022, AGSS had no 10,103,511 Because AGSS does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about AGSS’s ability to continue as a going concern. Therefore, AGSS will need to raise additional funds and is currently exploring alternative sources of financing. Recently the Company is being funded by Ameriguard which has extended interest-free demand loans to AGSS. Historically, AGSS raised capital through private placements, to finance working capital needs and may attempt to raise capital through the sale of common stock or other securities and obtaining some short-term loans. The Company will be required to continue to so until its operations become profitable. Also, AGSS has, in the past, paid for consulting services with its common stock to maximize working capital, and intends to continue this practice where feasible. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by AGSS without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). AGSS uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto on December 31, 2021, as presented in the AGSS’s Annual Report on Form 10-K. Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. AGSS bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. The Company had no Income taxes AGSS accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
EQUITY
EQUITY | 9 Months Ended |
Sep. 30, 2022 | |
Equity [Abstract] | |
EQUITY | 3 – EQUITY Common Stock On March 11, 2022, AGSS amended its articles of incorporation to reverse split its Common Stock at a rate of one-for-20 3,417,302 68,346,042 The Company has authorized 500,000,000 0.001 3,417,302 68,346,042 68,346,042 3,417,302 Preferred Stock On November 16, 2020, the Company designated, out of the Twenty-five Million ( 25,000,000 0.001 the conversion ratio of 72 shares of common stock for each share of preferred stock. 720,000 On September 8, 2021, in a private transaction Custodian Ventures LLC sold its Series A-1 Preferred Stock to Ameriguard Security Services, Inc., California corporation. The officer and control person of Ameriguard Security Services, Inc., California corporation is Lawrence Garcia, the Company’s President, CEO, CFO, Treasurer, Secretary, and Chairman of the Board of Directors. As of September 30, 2022 and December 31, 2021, there were 10,000,000 |
DUE TO RELATED PARTY
DUE TO RELATED PARTY | 9 Months Ended |
Sep. 30, 2022 | |
Related Party Transactions [Abstract] | |
DUE TO RELATED PARTY | 4 – DUE TO RELATED PARTY As of September 8, 2021, the Company had a due to related party Custodian Ventures LLC, of which former officer and director David Lazar is a managing member, totaling $ 36,361 36,361 During the quarter ended September 30, 2022, Ameriguard paid expenses on behalf of AGSS totaling $ 11,882 41,659 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Sep. 30, 2022 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | 5 – COMMITMENTS AND CONTINGENCIES AGSS did no |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | 6 – SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with the Financial Accounting Standards Board (“FASB”) “FASB Accounting Standard Codification™” (the “Codification”) which is the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) in the United States. |
Management’s Representation of Interim Financial Statements | Management’s Representation of Interim Financial Statements The accompanying unaudited financial statements have been prepared by AGSS without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). AGSS uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) have been condensed or omitted as allowed by such rules and regulations, and management believes that the disclosures are adequate to make the information presented not misleading. These financial statements include all the adjustments, which in the opinion of management are necessary to a fair presentation of financial position and results of operations. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto on December 31, 2021, as presented in the AGSS’s Annual Report on Form 10-K. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. AGSS bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. |
Cash and cash equivalents | Cash and cash equivalents The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. The Company had no |
Income taxes | Income taxes AGSS accounts for income taxes under FASB ASC 740, “Accounting for Income Taxes”. Under FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. FASB ASC 740-10-05, “Accounting for Uncertainty in Income Taxes” prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. The Company assesses the validity of its conclusions regarding uncertain tax positions quarterly to determine if facts or circumstances have arisen that might cause it to change its judgment regarding the likelihood of a tax position’s sustainability under audit. |
Net Loss per Share | Net Loss per Share Net loss per common share is computed by dividing net loss by the weighted average common shares outstanding during the period as defined by Financial Accounting Standards, ASC Topic 260, “Earnings per Share.” Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements There are no recent accounting pronouncements that impact the Company’s operations. |
NATURE OF BUSINESS AND GOING _2
NATURE OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($) | Sep. 08, 2021 | Sep. 30, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | |||
Preferred A-1 Stock, Shares Authorized | 25,000,000 | 25,000,000 | |
Preferred A-1 Stock, Shares Par Value | $ 0.001 | $ 0.001 | |
Holder ownership | 91% | ||
Consideration paid | $ 450,000 | ||
Cash | $ 0 | $ 0 | |
Accumulated deficit | $ 10,103,511 | $ 10,064,987 | |
Custodian Ventures [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Preferred A-1 Stock, Shares Authorized | 10,000,000 | ||
Preferred A-1 Stock, Shares Par Value | $ 0.001 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Accounting Policies [Abstract] | ||
Cash | $ 0 | $ 0 |
EQUITY (Details Narrative)
EQUITY (Details Narrative) - USD ($) | 9 Months Ended | ||
Mar. 11, 2022 | Sep. 30, 2022 | Dec. 31, 2021 | |
Equity [Abstract] | |||
Reverse stock split | one-for-20 | ||
Number of post-split shares | 3,417,302 | ||
Number of pre-split shares | 68,346,042 | ||
Common Stock, Shares Authorized | 500,000,000 | 500,000,000 | |
Common Stock, Shares Par Value | $ 0.001 | $ 0.001 | |
Common Stock, Shares Issued | 3,417,302 | 68,346,042 | |
Common Stock, Shares Outstanding | 3,417,302 | 68,346,042 | |
Preferred A-1 Stock, Shares Authorized | 25,000,000 | 25,000,000 | |
Preferred A-1 Stock, Shares Par Value | $ 0.001 | $ 0.001 | |
Conversion ratio description | the conversion ratio of 72 shares of common stock for each share of preferred stock. | ||
Stock based compensation | $ 720,000 | ||
Preferred A-1 Stock, Shares Issued | 10,000,000 | 10,000,000 | |
Preferred A-1 Stock, Shares Outstanding | 10,000,000 | 10,000,000 |
DUE TO RELATED PARTY (Details N
DUE TO RELATED PARTY (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 08, 2021 | Sep. 30, 2022 | |
Related Party Transaction [Line Items] | ||
Related party cost | $ 11,882 | |
Notes payable-related party | $ 41,659 | |
Custodian Ventures LLC [Member] | ||
Related Party Transaction [Line Items] | ||
Related party cost | $ 36,361 | |
Forgiveness of related party debt | $ 36,361 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
Commitments and Contingencies Disclosure [Abstract] | ||
Commitments and contingencies | $ 0 | $ 0 |