10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-066792`
Period End Date	20140930
Filing Date	20141112
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	moc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 69 Cash Flow Statement 59 Stockholders Equity 19

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$669.69K	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`	$3.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$775.76K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.50K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	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 $669,693 and $627,711, respectively	`AccountsReceivableNet`	$25.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $669,693 and $627,711, respectively	`AccountsReceivableNet`	$24.58M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$508.31K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.53M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.18M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.49M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$417.40K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$478.25K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.96M	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`	-	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.12M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.37M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.86M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.75M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.20M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.12M	USD	Point-in-time
Total assets	`Assets`	$37.11M	USD	Point-in-time
Total assets	`Assets`	$41.11M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$991.46K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.22M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.50M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$10.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$616.30K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$7.09M	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`	$16.20M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$705.11K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$673.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$22.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.91M	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`	$1.15K	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`	$18.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$17.69M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.00M	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`	$20.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$17.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.11M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$71.98M	USD	2 Qtrs
Revenues	`Revenues`	$78.11M	USD	2 Qtrs
Revenues	`Revenues`	$40.15M	USD	1 Quarter
Revenues	`Revenues`	$34.37M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$67.64M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$34.30M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$29.71M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$61.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.46M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.03M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.17M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.49M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.79M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.40M	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`	$-39.20K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-55.44K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.94M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.34M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.56M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.53M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$524.80K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.69M	USD	2 Qtrs
Interest expense	`InterestExpense`	$88.71K	USD	2 Qtrs
Interest expense	`InterestExpense`	$38.84K	USD	1 Quarter
Interest expense	`InterestExpense`	$46.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$100.90K	USD	2 Qtrs
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$485.97K	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.43M	USD	2 Qtrs
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.24M	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.61M	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$245.00K	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$128.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$613.97K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.43M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$760.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$255.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$800.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$610.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$358.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$443.29K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.11	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.11	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.18M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.55M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.14M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.33M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.27M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.83M	shares	2 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$358.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$443.29K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$317.17K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$349.62K	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`	$-39.20K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-55.44K	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$245.00K	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$128.00K	USD	1 Quarter
Rent expense	`LeaseAndRentalExpense`	$-24.21K	USD	2 Qtrs
Rent expense	`LeaseAndRentalExpense`	$97.79K	USD	2 Qtrs
Loss on asset dispositions	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Loss on asset dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$130.64K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$90.61K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$31.95K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$37.16K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-108.87K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-256.64K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$24.00	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-83.12K	USD	2 Qtrs
Decrease in receivables, prepaid expenses, and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-1.36M	USD	2 Qtrs
Decrease in receivables, prepaid expenses, and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-3.37M	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.21M	USD	2 Qtrs
Increase (decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$580.21K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.19M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.40K	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$81.90K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.40K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-81.90K	USD	2 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-3.01M	USD	2 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-941.64K	USD	2 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-1.53M	USD	2 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-228.45K	USD	2 Qtrs
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$101.47K	USD	2 Qtrs
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$185.39K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.05M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.37M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$767.26K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-921.00K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	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`	$8.50K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.55M	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`	$775.76K	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`	$2.55M	USD	Point-in-time
Interest	`InterestPaid`	$101.29K	USD	2 Qtrs
Interest	`InterestPaid`	$92.03K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$505.48K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$687.50K	USD	2 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$433.48K	USD	2 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$265.55K	USD	2 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$101.47K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.61K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$61.75K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$130.64K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$358.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$633.22K	USD	1 Quarter
Net income	`NetIncomeLoss`	$666.45K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$443.29K	USD	2 Qtrs
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time

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