10-K Filing

COMMAND SECURITY CORP CIK: 864509 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-036814`
Period End Date	20120331
Filing Date	20120628
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	moc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 47 Cash Flow Statement 65 Stockholders Equity 16

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable from security services customers, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.51K	USD	Point-in-time
Accounts receivable from security services customers, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$306.47K	USD	Point-in-time
Preferred stock, convertible Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, convertible Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Preferred stock, convertible Series A, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Preferred stock, convertible Series A, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable from security services customers, less allowance for doubtful accounts of $582,510 and $306,469, respectively	`AccountsReceivableNetCurrent`	$20.61M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable from security services customers, less allowance for doubtful accounts of $582,510 and $306,469, respectively	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.88M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.74M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$30.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.67M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$26.19M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$385.66K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.07M	shares	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$538.41K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$4.02M	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$82.97K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$83.02K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.86M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.99M	USD	Point-in-time
Total assets	`Assets`	$37.54M	USD	Point-in-time
Total assets	`Assets`	$33.04M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$534.25K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$884.10K	USD	Point-in-time
Current maturities of obligations under capital leases	`CapitalLeaseObligationsCurrent`	$43.23K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.83M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$9.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$997.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$617.04K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.34M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.24M	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`	$576.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.79M	USD	Point-in-time
Commitments and contingencies (Notes 13 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 13 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, convertible Series A, $.0001 par value per share, 1,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, convertible Series A, $.0001 par value per share, 1,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 10,741,498 and 9,666,498 shares issued and outstanding, respectively, in 2012 and 10,878,098 shares issued and outstanding in 2011	`CommonStockValue`	$1.07K	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 10,741,498 and 9,666,498 shares issued and outstanding, respectively, in 2012 and 10,878,098 shares issued and outstanding in 2011	`CommonStockValue`	$1.09K	USD	Point-in-time
Treasury stock, at cost, 1,075,000 and 0 shares, respectively	`TreasuryStockValue`	$1.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.67M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.35M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.21M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-174.57K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.04M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$141.56M	USD	Annual
Revenues	`Revenues`	$146.49M	USD	Annual
Cost of revenues	`CostOfRevenue`	$126.39M	USD	Annual
Cost of revenues	`CostOfRevenue`	$124.46M	USD	Annual
Gross profit	`GrossProfit`	$17.10M	USD	Annual
Gross profit	`GrossProfit`	$20.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.89M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.57M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$307.45K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$302.42K	USD	Annual
Bad debt recoveries	`AllowanceForDoubtfulAccountsRecoveries`	$108.58K	USD	Annual
Bad debt recoveries	`AllowanceForDoubtfulAccountsRecoveries`	$74.85K	USD	Annual
Operating Expenses, Total	`OperatingExpenses`	$16.77M	USD	Annual
Operating Expenses, Total	`OperatingExpenses`	$16.12M	USD	Annual
Operating income	`OperatingIncomeLoss`	$980.09K	USD	Annual
Operating income	`OperatingIncomeLoss`	$3.32M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$125.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$456.00	USD	Annual
Interest expense	`InterestExpense`	$261.41K	USD	Annual
Interest expense	`InterestExpense`	$343.48K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfProperty`	$21.28K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfProperty`	$4.92K	USD	Annual
(Loss) gain on sale of investments	`GainLossOnInvestments`	$36.49K	USD	Annual
(Loss) gain on sale of investments	`GainLossOnInvestments`	$-167.96K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-424.33K	USD	Annual
Nonoperating Income (Expense), Total	`NonoperatingIncomeExpense`	$-285.26K	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.04M	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$555.76K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$415.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.42M	USD	Annual
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Net income	`NetIncomeLoss`	$1.62M	USD	Annual
Unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.61K	USD	Annual
Unrealized gain (loss) on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-126.05K	USD	Annual
Reclassification adjustment	`OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-167.96K	USD	Annual
Net gain (loss) recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-126.05K	USD	Annual
Net gain (loss) recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$174.57K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.49M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$315.33K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Basic	`EarningsPerShareBasic`	$0.15	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.15	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.87M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.70M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.80M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.09M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$73.90K	USD	Annual
Marketable securities related principally to the bankruptcy filing of a security services customer	`SupplementalSecuritiesReceivedAsCollateral`	$95.39K	USD	Annual
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Short-term premium financing	`SupplementalNonCashFinancingActivities`	$3.64M	USD	Annual
Net income	`NetIncomeLoss`	$1.62M	USD	Annual
Short-term premium financing	`SupplementalNonCashFinancingActivities`	$3.72M	USD	Annual
Sale of marketable securities for which proceeds not received until subsequent to year end	`SupplementalNoncashTransations`	$261.30K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$824.27K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$918.55K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$467.53K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$160.73K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForReductionOfDoubtfulAccounts`	$860.97K	USD	Annual
Provision for doubtful accounts, net of recoveries	`ProvisionForReductionOfDoubtfulAccounts`	$-276.04K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfProperty`	$21.28K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfProperty`	$4.92K	USD	Annual
Loss (gain) on sale of investments	`GainLossOnInvestments`	$36.49K	USD	Annual
Loss (gain) on sale of investments	`GainLossOnInvestments`	$-167.96K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-95.85K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-320.15K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-52.00K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-143.29K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$164.00	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$53.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.18M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-827.70K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.32M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-929.57K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-116.88K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$117.32K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.02M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.98M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-390.34K	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$694.47K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.85M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.76M	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$241.57K	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.68K	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$21.28K	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.64K	USD	Annual
Proceeds from sale of investments, net	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$73.41K	USD	Annual
Proceeds from sale of investments, net	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$127.99K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.63K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-92.29K	USD	Annual
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$6.34M	USD	Annual
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$5.19M	USD	Annual
Increase (decrease) in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$349.84K	USD	Annual
Increase (decrease) in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-204.95K	USD	Annual
Repurchases and retirement of shares	`PaymentsForRepurchaseOfCommonStock`	$2.00M	USD	Annual
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$8.10K	USD	Annual
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$43.23K	USD	Annual
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$115.93K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.04M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.50M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.29M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.25M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Interest	`InterestPaid`	$270.62K	USD	Annual
Interest	`InterestPaid`	$346.56K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$955.51K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.93M	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$16.78M	USD	Point-in-time
Common stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$2.00M	USD	Annual
Options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$8.10K	USD	Annual
Unrealized gain and reclassification adjustment on available for sale securities	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$-126.05K	USD	Annual
Unrealized gain and reclassification adjustment on available for sale securities	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$174.57K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.61K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-126.05K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$160.73K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$467.53K	USD	Annual
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Net income	`NetIncomeLoss`	$1.62M	USD	Annual
Ending Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$16.78M	USD	Point-in-time

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