10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-058861`
Period End Date	20130930
Filing Date	20131105
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	moc-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 68 Cash Flow Statement 60 Stockholders Equity 8

Balance Sheet 58 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`	$880.89K	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`	$8.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$775.76K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	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 $880,890 and $772,022, respectively	`AccountsReceivableNet`	$28.46M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $880,890 and $772,022, respectively	`AccountsReceivableNet`	$27.10M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.08M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$114.21K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.85M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.81M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$669.53K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$599.70K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.36M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.11K	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`	$2.84M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.29M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.26M	USD	Point-in-time
Total assets	`Assets`	$38.33M	USD	Point-in-time
Total assets	`Assets`	$35.69M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$2.10M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$568.49K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.48M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.67M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$9.10M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$7.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.77M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$641.37K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$604.21K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$21.37M	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`	$1.10K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.08K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.00M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$3.51M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.96M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$38.33M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.69M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$78.11M	USD	2 Qtrs
Revenues	`Revenues`	$40.15M	USD	1 Quarter
Revenues	`Revenues`	$73.81M	USD	2 Qtrs
Revenues	`Revenues`	$38.16M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$67.64M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$32.69M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$63.71M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$34.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.46M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.10M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.75M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.49M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.71M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$8.79M	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$147.01K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$73.20K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$147.74K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.94M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.56M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.89M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$691.94K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.53M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.21M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$3.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$44.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$85.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$24.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$100.92K	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.46K	USD	2 Qtrs
Equipment dispositions	`GainLossOnDispositionOfAssets`	$5.30K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfAssets`	$7.20K	USD	2 Qtrs
Equipment dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$669.28K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.15M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.43M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$590.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$610.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$760.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$340.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.18M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.14M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.67M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.33M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.67M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$334.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$349.62K	USD	2 Qtrs
Provision for doubtful accounts, net	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$42.21K	USD	2 Qtrs
Provision for doubtful accounts, net	`AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease`	$147.74K	USD	2 Qtrs
Rent expense	`LeaseAndRentalExpense`	-	USD	2 Qtrs
Rent expense	`LeaseAndRentalExpense`	$97.79K	USD	2 Qtrs
(Gain)/Loss on Asset Dispositions	`GainLossOnDispositionOfAssets`	$5.30K	USD	1 Quarter
(Gain)/Loss on Asset Dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
(Gain)/Loss on Asset Dispositions	`GainLossOnDispositionOfAssets`	$7.20K	USD	2 Qtrs
(Gain)/Loss on Asset Dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$90.61K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$156.45K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$37.16K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$324.39K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-291.29K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-108.87K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$46.00	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$24.00	USD	2 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$-1.36M	USD	2 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseAccountsReceivablePrepaidAndOtherAssets`	$1.93M	USD	2 Qtrs
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.78K	USD	2 Qtrs
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$580.21K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.22M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-578.61K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$119.95K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$81.90K	USD	2 Qtrs
Collections on other receivables	`ProceedsFromCollectionOfOtherReceivables`	$258.68K	USD	2 Qtrs
Collections on other receivables	`ProceedsFromCollectionOfOtherReceivables`	-	USD	2 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	2 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$-398.95K	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.41K	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-81.90K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$546.09K	USD	2 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-941.64K	USD	2 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.13M	USD	2 Qtrs
(Decrease) increase in checks issued in advance of depositss	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$999.31K	USD	2 Qtrs
(Decrease) increase in checks issued in advance of depositss	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-1.53M	USD	2 Qtrs
Proceeds from options exercised, net	`ProceedsFromStockOptionsExercised`	$101.47K	USD	2 Qtrs
Proceeds from options exercised, net	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.37M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.13M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$767.26K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$775.76K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.46K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$775.76K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Interest	`InterestPaid`	$101.29K	USD	2 Qtrs
Interest	`InterestPaid`	$62.76K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$370.65K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$505.48K	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$17.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$329.28K	USD	1 Quarter
Net income	`NetIncomeLoss`	$560.55K	USD	2 Qtrs
Balance	`StockholdersEquity`	$17.82M	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.