10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-007358`
Period End Date	20111231
Filing Date	20120210
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	moc-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 69 Cash Flow Statement 62 Stockholders Equity 8

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$306.47K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$628.32K	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.36K	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`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.32K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $628,323 and $306,469, respectively	`AccountsReceivableNetCurrent`	$23.87M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $628,323 and $306,469, respectively	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.82M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.79M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.04M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.13M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$538.41K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$398.69K	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.58M	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$4.02M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$83.00K	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`	$2.98M	USD	Point-in-time
Total other assets	`TotalOtherAssets`	$6.64M	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`	$36.18M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$534.25K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.28M	USD	Point-in-time
Current maturities of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$43.23K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.99M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$9.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$617.04K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$884.08K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$4.82M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.07M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$719.63K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$608.01K	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`	$16.59M	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`	$1.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.65M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$3.15M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.06K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-174.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.18M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$106.68M	USD	3 Qtrs
Revenues	`Revenues`	$110.71M	USD	3 Qtrs
Revenues	`Revenues`	$37.53M	USD	1 Quarter
Revenues	`Revenues`	$35.78M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$95.02M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$92.41M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$31.26M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$32.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$15.69M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.45M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.58M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$11.98M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.98M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$74.77K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$133.97K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$152.76K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionAndRecoveryForDoubtfulAccounts`	$75.11K	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.36M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.06M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$12.14M	USD	3 Qtrs
Operating Expenses, Total	`OperatingExpenses`	$12.72M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.97M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.13M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$469.86K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$31.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$63.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$91.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$392.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$196.64K	USD	3 Qtrs
Interest expense	`InterestExpense`	$53.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$262.59K	USD	3 Qtrs
Interest expense	`InterestExpense`	$80.31K	USD	1 Quarter
Loss on sale of investment	`GainLossOnInvestments`	$-2.14K	USD	1 Quarter
Loss on sale of investment	`GainLossOnInvestments`	$-2.02K	USD	3 Qtrs
Asset dispositions	`GainLossOnDispositionOfProperty`	$4.92K	USD	3 Qtrs
Asset dispositions	`GainLossOnDispositionOfProperty`	$14.17K	USD	1 Quarter
Asset dispositions	`GainLossOnDispositionOfProperty`	$17.16K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$414.20K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.72M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.94M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$197.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$473.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.26M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$992.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$217.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$551.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$946.38K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.09	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.86M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.97M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.11M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.07M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.46M	USD	3 Qtrs
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$73.90K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$217.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$551.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$946.38K	USD	3 Qtrs
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$95.39K	USD	3 Qtrs
Short-term premium financing	`SupplementalNonCashFinancingActivities`	$3.72M	USD	3 Qtrs
Short-term premium financing	`SupplementalNonCashFinancingActivities`	$3.64M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$635.32K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$689.90K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$147.92K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-321.85K	USD	3 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$4.92K	USD	3 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$14.17K	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$17.16K	USD	3 Qtrs
Loss on sale of investments	`GainLossOnInvestments`	$-2.14K	USD	1 Quarter
Loss on sale of investments	`GainLossOnInvestments`	$-2.02K	USD	3 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$361.48K	USD	3 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$142.75K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-97.93K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-111.62K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-169.25K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-292.70K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$126.00	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$34.00	USD	3 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-706.76K	USD	3 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-2.59M	USD	3 Qtrs
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.26M	USD	3 Qtrs
Decrease in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.55M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$209.79K	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.45K	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$214.66K	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.17K	USD	3 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.64K	USD	3 Qtrs
Proceeds from sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$68.25K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$23.44K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-197.50K	USD	3 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$4.17M	USD	3 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$4.18M	USD	3 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$723.55K	USD	3 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$750.32K	USD	3 Qtrs
Repurchase and retirement of shares	`PaymentsForRepurchaseOfCommonStock`	$211.00K	USD	3 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$8.10K	USD	3 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$43.23K	USD	3 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$86.15K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.69M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.53M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.45M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.36K	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`	$3.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.32K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.36K	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`	$3.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.32K	USD	Point-in-time
Interest	`InterestPaid`	$208.78K	USD	3 Qtrs
Interest	`InterestPaid`	$265.02K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$872.54K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.73M	USD	3 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$19.59M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$217.20K	USD	1 Quarter
Net income	`NetIncomeLoss`	$551.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$946.38K	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$19.59M	USD	Point-in-time

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