CONCENTRATION OF SALES

3 Months Ended

Mar. 31, 2025

NOTE 13 – CONCENTRATION OF SALES

The company generated approximately $7,130,000 in service revenue as of March 31, 2025, and approximately $6,590,000 in contract service revenue. Of the total service revenue, approximately 92% was earned from six federal contracts in through the first quarter of 2025 and four contracts through the 1st quarter of 2024 that generated approximately $5,151,000 in contract revenue. The active contracts and their respective terms are as follows:

●	Social Security Administration, NSC	-	September 2022 through September 2027 Annual Revenue of approx. $6.1M

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

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

●	Veterans Administration – Central Los Angeles CA	-	Oct 2024 through Sep 2029 Annual Revenue of approx. $720K

●	Veterans Administration – Long Beach CA	-	Feb 2019 through September 2025 Annual Revenue of approx. $9M

●	Veterans Administration – Loma Linda CA	-	Oct 2024 through Sep 2029 Annual Revenue of approx. $2.1M

AMERIGUARD SECURITY SERVICES, INC. 10-Q