10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-044886`
Period End Date	20120630
Filing Date	20120813
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	moc-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 50 Stockholders Equity 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$568.74K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.51K	USD	Point-in-time
Preferred stock, Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.19K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $568,735 and $582,510, respectively	`AccountsReceivableNetCurrent`	$20.61M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $568,735 and $582,510, respectively	`AccountsReceivableNetCurrent`	$22.02M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$958.90K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.74M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.72M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$24.70M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$365.21K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$385.66K	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.39M	USD	Point-in-time
Intangible assets, net	`GoodwillAndIntangibleAssetsNet`	$3.27M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$83.05K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$83.02K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.99M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.14M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.49M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.46M	USD	Point-in-time
Total assets	`Assets`	$31.56M	USD	Point-in-time
Total assets	`Assets`	$33.04M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$793.91K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$884.10K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.73M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$714.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$997.61K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.52M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$6.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.24M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$576.34K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$751.31K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$13.98M	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`	$1.07K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.07K	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$1.79M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$1.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.79M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.58M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.58M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$31.56M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$34.79M	USD	1 Quarter
Revenues	`Revenues`	$35.64M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$31.11M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$30.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.65M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.94M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.24K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$72.29K	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.17M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$513.78K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$476.86K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$41.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$28.00	USD	1 Quarter
Interest expense	`InterestExpense`	$72.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.46K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$4.49K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$1.90K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$408.72K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$481.27K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$250.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$200.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$231.27K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.01K	USD	1 Quarter
Net loss recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-15.01K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$193.71K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$231.27K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.67M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$231.27K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$168.71K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$227.27K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-73.00K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$13.78K	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$4.49K	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$1.90K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$87.98K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$123.35K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$174.96K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-7.24K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.24K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-161.35K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$13.00	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$25.00	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`	$-89.33K	USD	1 Quarter
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-309.77K	USD	1 Quarter
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$178.99K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$789.55K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.06K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.32K	USD	1 Quarter
Collection on other receivable	`ProceedsFromCollectionOfOtherReceivables`	$258.68K	USD	1 Quarter
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.12K	USD	1 Quarter
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.84K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.22K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$230.48K	USD	1 Quarter
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.10M	USD	1 Quarter
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.52M	USD	1 Quarter
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-90.18K	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
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.19M	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`	$-1.17M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	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`	$9.19K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	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`	$9.19K	USD	Point-in-time
Interest	`InterestPaid`	$77.39K	USD	1 Quarter
Interest	`InterestPaid`	$45.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$10.40K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$15.95K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$17.58M	USD	Point-in-time
Other comprehensive loss	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-15.01K	USD	1 Quarter
Unrealized gain and reclassification adjustment on available for sale securities	`OtherComprehensiveIncomeLossNetOfTax`	$-15.01K	USD	1 Quarter
Net income	`NetIncomeLoss`	$231.27K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.72K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$17.58M	USD	Point-in-time

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