10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-062809`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	moc-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 67 Cash Flow Statement 56 Stockholders Equity 8

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$454.47K	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`	$1.21M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$936.08K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $454,469 and $306,469, respectively	`AccountsReceivableNetCurrent`	$22.71M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $454,469 and $306,469, respectively	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$647.27K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.82M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.40M	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`	$25.69M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$538.41K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$433.55K	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.72M	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$4.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$82.99K	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`	$2.87M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$6.97M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$6.67M	USD	Point-in-time
Total assets	`Assets`	$37.54M	USD	Point-in-time
Total assets	`Assets`	$32.80M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$534.25K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$958.65K	USD	Point-in-time
Current maturities of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$43.23K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$9.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$787.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$617.04K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.86M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$719.63K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$648.29K	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`	$13.25M	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`	$16.85M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.72M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.21M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-241.66K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-174.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.75M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$32.80M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$36.11M	USD	1 Quarter
Revenues	`Revenues`	$73.18M	USD	2 Qtrs
Revenues	`Revenues`	$36.94M	USD	1 Quarter
Revenues	`Revenues`	$70.89M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$31.73M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$61.16M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$62.95M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$31.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.23M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.74M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.00M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.29M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$59.20K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$82.45K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$77.64K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$3.40K	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$8.35M	USD	2 Qtrs
Operating Expenses, Total	`OperatingExpenses`	$3.90M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.25M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$8.08M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.88M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.66M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$961.21K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$60.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$32.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$329.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$118.00	USD	1 Quarter
Interest expense	`InterestExpense`	$182.28K	USD	2 Qtrs
Interest expense	`InterestExpense`	$143.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$88.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$70.41K	USD	1 Quarter
Asset dispositions	`GainLossOnDispositionOfProperty`	$2.99K	USD	2 Qtrs
Asset dispositions	`GainLossOnDispositionOfProperty`	$543.00	USD	1 Quarter
Asset dispositions	`GainLossOnDispositionOfProperty`	$5.04K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$872.78K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.52M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$595.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$795.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$790.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$405.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$909.96K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$467.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.08	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.08	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.13M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.96M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$93.31K	USD	2 Qtrs
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$71.60K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$909.96K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$467.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$436.15K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$456.97K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-148.00K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$108.19K	USD	2 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$2.99K	USD	2 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$543.00	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$5.04K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$132.16K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$314.67K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-161.13K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-71.34K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.39K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-263.45K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$95.00	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$24.00	USD	2 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-2.88M	USD	2 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-1.61M	USD	2 Qtrs
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-432.46K	USD	2 Qtrs
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.32M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.59M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$647.70K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.20K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$146.79K	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.24K	USD	2 Qtrs
Acquisition of businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$43.19K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-186.99K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.96K	USD	2 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$3.00M	USD	2 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$3.53M	USD	2 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$105.72K	USD	2 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$424.40K	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$56.91K	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$43.23K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.95M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.15M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$460.49K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.53M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$936.08K	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`	$1.67M	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`	$936.08K	USD	Point-in-time
Interest	`InterestPaid`	$184.84K	USD	2 Qtrs
Interest	`InterestPaid`	$147.58K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.18M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$44.30K	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$19.55M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Net income	`NetIncomeLoss`	$909.96K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$467.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$19.55M	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.