10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-005109`
Period End Date	20131231
Filing Date	20140131
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	moc-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 69 Cash Flow Statement 67 Stockholders Equity 9

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.02M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$772.02K	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`	$9.54K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	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 $1,020,044 and $772,022, respectively	`AccountsReceivableNet`	$28.46M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,020,044 and $772,022, respectively	`AccountsReceivableNet`	$28.73M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.08M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.15M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.85M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$32.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.06M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$669.53K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$538.20K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.26M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.56M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.12K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.09K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.83M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.61M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.26M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.17M	USD	Point-in-time
Total assets	`Assets`	$38.33M	USD	Point-in-time
Total assets	`Assets`	$39.78M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$2.10M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$469.89K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.48M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.09M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$9.10M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$9.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.77M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$604.21K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$616.34K	USD	Point-in-time
Total liabilities	`Liabilities`	$21.25M	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`	$1.08K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.10K	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`	$17.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.00M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.84M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$4.09M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.52M	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`	$39.78M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$118.55M	USD	3 Qtrs
Revenues	`Revenues`	$40.44M	USD	1 Quarter
Revenues	`Revenues`	$38.93M	USD	1 Quarter
Revenues	`Revenues`	$112.74M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$34.85M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.63M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$97.34M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$102.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.05M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.40M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.48M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.23M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.07M	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$171.25K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$318.99K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.43K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$102.36K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$13.45M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$745.30K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.66M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.95M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$35.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$28.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$120.00	USD	3 Qtrs
Interest expense	`InterestExpense`	$99.15K	USD	3 Qtrs
Interest expense	`InterestExpense`	$38.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$139.04K	USD	3 Qtrs
Interest expense	`InterestExpense`	$36.69K	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfAssets`	$7.20K	USD	3 Qtrs
Equipment dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Equipment dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	3 Qtrs
Equipment dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.86M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.52M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$708.65K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$510.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$945.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$355.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$914.19K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$353.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-417.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.10	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.10	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.18M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.26M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.60M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.41M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.64M	shares	3 Qtrs

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$914.19K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$353.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-417.87K	USD	1 Quarter
Net income	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$503.43K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$515.42K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$171.25K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$318.99K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.43K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$102.36K	USD	3 Qtrs
Rent expense	`LeaseAndRentalExpense`	-	USD	3 Qtrs
Rent expense	`LeaseAndRentalExpense`	$144.86K	USD	3 Qtrs
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	$7.20K	USD	3 Qtrs
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	3 Qtrs
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$121.49K	USD	3 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$170.90K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$512.66K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$12.13K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-109.31K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-464.74K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$28.00	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$65.00	USD	3 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-288.05K	USD	3 Qtrs
(Increase) decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.21M	USD	3 Qtrs
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.48M	USD	3 Qtrs
Increase in accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.56M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.69K	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$367.21K	USD	3 Qtrs
Collections on other receivables	`ProceedsFromCollectionOfOtherReceivables`	-	USD	3 Qtrs
Collections on other receivables	`ProceedsFromCollectionOfOtherReceivables`	$258.68K	USD	3 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	-	USD	3 Qtrs
Return of escrow funds related to prior business acquisition	`EscrowDepositDisbursementsRelatedToPropertyAcquisition1`	$-398.95K	USD	3 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.41K	USD	3 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-85.69K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$298.83K	USD	3 Qtrs
Net (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-995.44K	USD	3 Qtrs
Net (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-684.47K	USD	3 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-1.63M	USD	3 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-377.32K	USD	3 Qtrs
Repurchase and retirement of shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase and retirement of shares	`PaymentsForRepurchaseOfCommonStock`	$1.10M	USD	3 Qtrs
Proceeds from options exercised, net	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from options exercised, net	`ProceedsFromStockOptionsExercised`	$194.12K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.12M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.47M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.17M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.54K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	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`	$9.54K	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`	$1.36M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Interest	`InterestPaid`	$97.67K	USD	3 Qtrs
Interest	`InterestPaid`	$143.11K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.24M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$774.55K	USD	3 Qtrs
Short-term premium financing acquired	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$998.77K	USD	3 Qtrs
Short-term premium financing acquired	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$1.02M	USD	3 Qtrs

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$18.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$914.19K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$353.65K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-417.87K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Balance	`StockholdersEquity`	$18.52M	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.