Ameriguard Security Services, Inc.

AGSS: 10-K · periodic report

AmeriGuard Security Services reported a net loss of approximately $488,000 on revenue of $23.5 million for the fiscal year ended December 31, 2025. However, the financial results were overshadowed by severe liquidity issues, including the default on a $7 million credit facility with Legalist due to a management dispute, which forced the forfeiture of three Social Security Administration contracts. The company disclosed substantial doubt about its ability to continue as a going concern, citing negative stockholders' equity of $3.5 million and outstanding debts of $6.5 million. Subsequent events further deteriorated the outlook, including the loss of the Veterans Affairs Long Beach contract which generated approximately $9 million annually, representing an estimated 58% reduction in projected 2026 revenue. Legal and regulatory pressures intensified as lender Legalist filed a motion for summary judgment seeking $4.1 million, and the Department of Labor identified $1.3 million in back wage violations. Management is pursuing debt restructuring and new capital, but acknowledged that without successful execution of these plans, the company may be forced to curtail operations or seek bankruptcy protection.

SEC 10-K•3mo ago