10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-049078`
Period End Date	20140630
Filing Date	20140813
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	moc-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 35 Cash Flow Statement 53 Stockholders Equity 16

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$719.93K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$627.71K	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`	$1.58M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$587.97K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	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 $719,933 and $627,711, respectively	`AccountsReceivableNet`	$26.06M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $719,933 and $627,711, respectively	`AccountsReceivableNet`	$25.33M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$766.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.53M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.25M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.51M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$432.76K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$478.25K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.06M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.16M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.12K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$83.12K	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.12M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.24M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.49M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.75M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.88M	USD	Point-in-time
Total assets	`Assets`	$41.11M	USD	Point-in-time
Total assets	`Assets`	$38.96M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.22M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.22M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.92M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$10.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$869.08K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.76M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.77M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$673.16K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$690.67K	USD	Point-in-time
Total liabilities	`Liabilities`	$22.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.46M	USD	Point-in-time
Preferred stock, convertible Series A, $.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, convertible Series A, $.0001 par value	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.13K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.13K	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`	$17.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.75M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$4.65M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$3.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$38.96M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$37.61M	USD	1 Quarter
Revenues	`Revenues`	$37.96M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$33.35M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$32.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.37M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.30M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.22M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-16.24K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.53K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$237.32K	USD	1 Quarter
Interest expense	`InterestExpense`	$54.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.87K	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$183.23K	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.12M	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$117.00K	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$183.23K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$545.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$150.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.23K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.08M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.75M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.23K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$175.44K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$156.71K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-16.24K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$74.53K	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$117.00K	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Rent expense	`LeaseAndRentalExpense`	$49.90K	USD	1 Quarter
Rent expense	`LeaseAndRentalExpense`	$-12.95K	USD	1 Quarter
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	1 Quarter
(Gain)/loss on asset dispositions	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$84.51K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$30.88K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$17.51K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-22.00	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.56K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$228.66K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$22.00	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	1 Quarter
(Increase) decrease in receivables, prepaid expenses, and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-249.49K	USD	1 Quarter
(Increase) decrease in receivables, prepaid expenses, and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$1.81M	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-303.69K	USD	1 Quarter
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$188.29K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-976.83K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$681.22K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.23K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.00K	USD	1 Quarter
Net advances/(repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$2.16M	USD	1 Quarter
Net advances/(repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.59M	USD	1 Quarter
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-2.85K	USD	1 Quarter
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-596.07K	USD	1 Quarter
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$28.59K	USD	1 Quarter
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.56M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.57M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$579.47K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.90M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$587.97K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$587.97K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Interest	`InterestPaid`	$54.45K	USD	1 Quarter
Interest	`InterestPaid`	$59.88K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$36.62K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$310.56K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.51M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$28.59K	USD	1 Quarter
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$534.95K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$84.51K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$67.85K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.88K	USD	1 Quarter
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.23K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.08M	USD	3 Qtrs
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.51M	USD	Point-in-time

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