10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-047046`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	moc-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 34 Cash Flow Statement 51 Stockholders Equity 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$379.47K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$306.47K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $379,469 and $306,469, respectively	`AccountsReceivableNetCurrent`	$21.96M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $379,469 and $306,469, respectively	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.19M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.82M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.97M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.25M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$471.56K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$538.41K	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.87M	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$4.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$82.98K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$82.97K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.86M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.89M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$6.84M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$6.97M	USD	Point-in-time
Total assets	`Assets`	$37.54M	USD	Point-in-time
Total assets	`Assets`	$34.57M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$534.25K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$132.98K	USD	Point-in-time
Current maturities of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$22.30K	USD	Point-in-time
Current maturities of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$43.23K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$9.53M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$932.23K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$617.04K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.72M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.07M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$712.39K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$719.63K	USD	Point-in-time
Obligations under capital leases, due after one year	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Obligations under capital leases, due after one year	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$15.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.79M	USD	Point-in-time
Preferred stock, Series A, $.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, Series A, $.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.09K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.09K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.81M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.42M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-189.58K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-174.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$34.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.54M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$34.79M	USD	1 Quarter
Revenues	`Revenues`	$36.24M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$30.14M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$31.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.13M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$-23.25K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$74.24K	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.17M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$476.86K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$917.71K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$28.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$211.00	USD	1 Quarter
Interest expense	`InterestExpense`	$72.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$93.74K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$2.99K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$4.49K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$408.72K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$827.17K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$385.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$442.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.98M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$442.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$228.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$227.27K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$88.23K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-73.00K	USD	1 Quarter
Gain on equipment dispositions	`GainLossOnSaleOfPropertyPlantEquipment`	$4.49K	USD	1 Quarter
Gain on equipment dispositions	`GainLossOnSaleOfPropertyPlantEquipment`	$2.99K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$269.04K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$87.98K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-7.24K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-138.79K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.24K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-136.96K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$13.00	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$43.00	USD	1 Quarter
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-1.33M	USD	1 Quarter
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-2.31M	USD	1 Quarter
(Decrease) increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-309.77K	USD	1 Quarter
(Decrease) increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$151.24K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.04M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.06K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.82K	USD	1 Quarter
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.84K	USD	1 Quarter
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$21.78K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.22K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-95.60K	USD	1 Quarter
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$1.50M	USD	1 Quarter
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.52M	USD	1 Quarter
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-77.47K	USD	1 Quarter
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-401.27K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$20.94K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$28.20K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.60M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.94M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.33M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.34M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Interest	`InterestPaid`	$93.63K	USD	1 Quarter
Interest	`InterestPaid`	$77.39K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$10.40K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$248.75K	USD	1 Quarter

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$19.03M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Net income	`NetIncomeLoss`	$442.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$19.03M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.