10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-062079`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	moc-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 80 Cash Flow Statement 59 Stockholders Equity 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$624.72K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$582.51K	USD	Point-in-time
Preferred stock, Series A, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Series A, par value per share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$936.08K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $624,721 and $582,510, respectively	`AccountsReceivableNet`	$25.05M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $624,721 and $582,510, respectively	`AccountsReceivableNet`	$20.61M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.74M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$467.31K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.66M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$26.68M	USD	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
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$399.87K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$3.39M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.76M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.02K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.07K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.99M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.25M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.46M	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$6.10M	USD	Point-in-time
Total assets	`Assets`	$33.18M	USD	Point-in-time
Total assets	`Assets`	$33.04M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.88M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$884.10K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.83M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$953.72K	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`	$6.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.24M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$900.74K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$576.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$15.24M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.81M	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`	$16.82M	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`	$2.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.04M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$38.16M	USD	1 Quarter
Revenues	`Revenues`	$70.89M	USD	2 Qtrs
Revenues	`Revenues`	$73.81M	USD	2 Qtrs
Revenues	`Revenues`	$36.11M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$32.78M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$63.89M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$61.16M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$31.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.91M	USD	2 Qtrs
Gross profit	`GrossProfit`	$9.74M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.90M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.56M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.00M	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.73K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$147.01K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$77.64K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$3.40K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.71M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.08M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.19M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.21M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$691.94K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.66M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$32.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$85.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$44.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$60.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$143.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$70.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.46K	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.00K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$5.04K	USD	2 Qtrs
Equipment dispositions	`GainLossOnDispositionOfProperty`	$7.20K	USD	2 Qtrs
Equipment dispositions	`GainLossOnDispositionOfProperty`	$543.00	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfProperty`	$5.30K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$669.28K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.12M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.52M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.15M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$340.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$590.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$795.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$595.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-52.07K	USD	1 Quarter
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-67.08K	USD	2 Qtrs
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Net loss recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Net loss recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-67.08K	USD	2 Qtrs
Net loss recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-52.07K	USD	1 Quarter
Net loss recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$329.28K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$560.55K	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$468.39K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$662.10K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.96M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.67M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$436.15K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$334.67K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-148.00K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForReductionOfDoubtfulAccounts`	$-42.21K	USD	2 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$5.04K	USD	2 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$7.20K	USD	2 Qtrs
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$543.00	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfProperty`	$5.30K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$132.16K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$156.45K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-71.34K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$324.39K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-291.29K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.39K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$24.00	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$46.00	USD	2 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$1.93M	USD	2 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-1.61M	USD	2 Qtrs
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.32M	USD	2 Qtrs
Increase (decrease) in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.78K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-578.61K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$647.70K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$119.95K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.20K	USD	2 Qtrs
Collection on other receivable	`ProceedsFromCollectionOfOtherReceivables`	-	USD	2 Qtrs
Collection on other receivable	`ProceedsFromCollectionOfOtherReceivables`	$258.68K	USD	2 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition`	-	USD	2 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition`	$398.95K	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.41K	USD	2 Qtrs
Proceeds from asset dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.24K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.96K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$546.09K	USD	2 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$2.13M	USD	2 Qtrs
Net repayments on short-term borrowings	`RepaymentsOfShortTermDebt`	$3.53M	USD	2 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$424.40K	USD	2 Qtrs
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$999.31K	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$43.23K	USD	2 Qtrs
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.13M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.15M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.53M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	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`	$936.08K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	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`	$1.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$936.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	USD	Point-in-time
Interest	`InterestPaid`	$147.58K	USD	2 Qtrs
Interest	`InterestPaid`	$62.76K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$44.30K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$370.65K	USD	2 Qtrs
Marketable securities received related to bankruptcy filing of customer	`MarketableSecuritiesReceivedRelatedToBankruptcyFilingOfCustomer`	$71.60K	USD	2 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.95M	USD	Point-in-time
Other comprehensive loss (a)	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Other comprehensive loss (a)	`OtherComprehensiveIncomeLossNetOfTax`	$-67.08K	USD	2 Qtrs
Other comprehensive loss (a)	`OtherComprehensiveIncomeLossNetOfTax`	$-52.07K	USD	1 Quarter
Other comprehensive loss (a)	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
Net income	`NetIncomeLoss`	$520.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$729.18K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.95M	USD	Point-in-time

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