10-K Filing

COMMAND SECURITY CORP CIK: 864509 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-13-036783`
Period End Date	20130331
Filing Date	20130627
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	moc-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 48 Cash Flow Statement 70 Stockholders Equity 15

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$772.02K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	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 $772,022 and $582,510, respectively	`AccountsReceivableNet`	$20.61M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $772,022 and $582,510, respectively	`AccountsReceivableNet`	$28.46M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.08M	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
Common stock, shares issued	`CommonStockSharesIssued`	10.85M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.66M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.74M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$32.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.09M	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
Treasury stock, shares held	`TreasuryStockNumberOfSharesHeld`	1.07M	shares	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$385.66K	USD	Point-in-time
Treasury stock, shares held	`TreasuryStockNumberOfSharesHeld`	1.75M	shares	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$669.53K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$3.39M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.02K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.09K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.61M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.99M	USD	Point-in-time
Total assets	`Assets`	$33.04M	USD	Point-in-time
Total assets	`Assets`	$38.33M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$884.10K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$2.10M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.83M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.09M	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`	$9.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.24M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$604.21K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$576.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$21.37M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.81M	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, 10,845,798 and 9,093,598 shares issued and outstanding, respectively, in 2013 and 10,741,498 and 9,666,498 shares issued and outstanding, respectively in 2012	`CommonStockValue`	$1.08K	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 10,845,798 and 9,093,598 shares issued and outstanding, respectively, in 2013 and 10,741,498 and 9,666,498 shares issued and outstanding, respectively in 2012	`CommonStockValue`	$1.07K	USD	Point-in-time
Treasury stock, at cost, 1,752,200 and 1,075,000 shares, respectively	`TreasuryStockValue`	$1.79M	USD	Point-in-time
Treasury stock, at cost, 1,752,200 and 1,075,000 shares, respectively	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.67M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.84M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.35M	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`	$16.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$33.04M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$38.33M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$141.56M	USD	Annual
Revenues	`Revenues`	$150.22M	USD	Annual
Cost of revenues	`CostOfRevenue`	$130.66M	USD	Annual
Cost of revenues	`CostOfRevenue`	$124.46M	USD	Annual
Gross profit	`GrossProfit`	$19.56M	USD	Annual
Gross profit	`GrossProfit`	$17.10M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.89M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$17.50M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$302.42K	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$405.55K	USD	Annual
Bad debt recoveries	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$74.85K	USD	Annual
Bad debt recoveries	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$15.94K	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.12M	USD	Annual
Total operating expenses	`OperatingExpenses`	$17.89M	USD	Annual
Operating income	`OperatingIncomeLoss`	$1.67M	USD	Annual
Operating income	`OperatingIncomeLoss`	$980.09K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$344.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$125.00	USD	Annual
Interest expense	`InterestExpense`	$261.41K	USD	Annual
Interest expense	`InterestExpense`	$139.38K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfAssets`	$7.21K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfAssets`	$4.92K	USD	Annual
Loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	$-7.00	USD	Annual
Loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	$-167.96K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-424.33K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-131.83K	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$555.76K	USD	Annual
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.54M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$415.00K	USD	Annual
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Net income	`NetIncomeLoss`	$496.32K	USD	Annual
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$6.61K	USD	Annual
Unrealized loss on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Reclassification adjustment	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-167.96K	USD	Annual
Reclassification adjustment	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	Annual
Net gain recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Net gain recognized in other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$174.57K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$496.32K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$315.33K	USD	Annual
Basic	`EarningsPerShareBasic`	$0.05	USD	Annual
Basic	`EarningsPerShareBasic`	$0.01	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.01	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.05	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.46M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.70M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.61M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.80M	shares	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Net income	`NetIncomeLoss`	$496.32K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$676.05K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$824.27K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$160.73K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$191.25K	USD	Annual
Rent Expense	`NoncashRentExpense`	$204.28K	USD	Annual
Rent Expense	`NoncashRentExpense`	-	USD	Annual
Provision for doubtful accounts, net of recoveries	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$276.04K	USD	Annual
Provision for doubtful accounts, net of recoveries	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$189.51K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfAssets`	$7.21K	USD	Annual
Gain on equipment dispositions	`GainLossOnDispositionOfAssets`	$4.92K	USD	Annual
Loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	$-7.00	USD	Annual
Loss (gain) on sale of investments	`GainLossOnSaleOfInvestments`	$-167.96K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-551.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-390.00K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-143.29K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$27.87K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$53.00	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$65.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.04M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-827.70K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.66M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.32M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-479.44K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.91M	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-390.34K	USD	Annual
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.46M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.21M	USD	Annual
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.76M	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.68K	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$531.56K	USD	Annual
Collection of other receivable	`ProceedsFromCollectionOfOtherReceivables`	-	USD	Annual
Collection of other receivable	`ProceedsFromCollectionOfOtherReceivables`	$258.68K	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.64K	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.42K	USD	Annual
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$-398.95K	USD	Annual
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	Annual
Proceeds from sale of investments, net	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from sale of investments, net	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$73.41K	USD	Annual
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$134.48K	USD	Annual
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.63K	USD	Annual
Net advances (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$652.61K	USD	Annual
Net advances (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-6.34M	USD	Annual
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$1.21M	USD	Annual
Increase in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$349.84K	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$1.10M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$2.00M	USD	Annual
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	-	USD	Annual
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$138.78K	USD	Annual
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$43.23K	USD	Annual
Net cash provided (used) by in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.04M	USD	Annual
Net cash provided (used) by in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$908.39K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.29M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.46M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Interest	`InterestPaid`	$270.62K	USD	Annual
Interest	`InterestPaid`	$137.32K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$822.28K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$955.51K	USD	Annual
Marketable securities received related to bankruptcy filing of customer	`MarketableSecuritiesReceivedRelatedToBankruptcyFilingOfCustomer`	$73.90K	USD	Annual
Insurance premium financings	`ProceedsFromOtherShortTermDebt`	$998.77K	USD	Annual
Insurance premium financings	`ProceedsFromOtherShortTermDebt`	$3.64M	USD	Annual
Proceeds from the sale of marketable securities received subsequent to year end	`ProceedsDueFromSaleOfMarketableSecurities`	$261.30K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Common stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$2.00M	USD	Annual
Common stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$1.10M	USD	Annual
Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$138.78K	USD	Annual
Unrealized gain and reclassification adjustment on available for sale securities	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	Annual
Unrealized gain and reclassification adjustment on available for sale securities	`OtherComprehensiveIncomeLossNetOfTax`	$174.57K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$160.73K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$191.25K	USD	Annual
Net income	`NetIncomeLoss`	$140.76K	USD	Annual
Net income	`NetIncomeLoss`	$496.32K	USD	Annual
Balance	`StockholdersEquity`	$18.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time

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