10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-009343`
Period End Date	20141231
Filing Date	20150217
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	moc-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 69 Cash Flow Statement 60 Stockholders Equity 19

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$693.45K	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`	$1.89M	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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $693,449 and $627,711, respectively	`AccountsReceivableNet`	$25.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $693,449 and $627,711, respectively	`AccountsReceivableNet`	$23.90M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.53M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$753.34K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.18M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.51M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$478.25K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$438.86K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.86M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$2.16M	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`	$2.50M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.75M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.92M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.28M	USD	Point-in-time
Total assets	`Assets`	$37.19M	USD	Point-in-time
Total assets	`Assets`	$41.11M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$414.74K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.22M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.00M	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`	$1.68M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.71M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$6.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.68M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$673.16K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$817.59K	USD	Point-in-time
Total liabilities	`Liabilities`	$16.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$22.35M	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`	$1.15K	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`	$18.12M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$3.95M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.11M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$37.19M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$34.52M	USD	1 Quarter
Revenues	`Revenues`	$106.50M	USD	3 Qtrs
Revenues	`Revenues`	$118.55M	USD	3 Qtrs
Revenues	`Revenues`	$40.44M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$29.52M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$34.85M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$91.28M	USD	3 Qtrs
Cost of revenues	`CostOfRevenue`	$102.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.05M	USD	3 Qtrs
Gross profit	`GrossProfit`	$15.22M	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.07M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.19M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.61M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-24.02K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$31.42K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$171.25K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$318.99K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.46M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.17M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.05M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.66M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$359.15K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$140.56K	USD	3 Qtrs
Interest expense	`InterestExpense`	$33.09K	USD	1 Quarter
Interest expense	`InterestExpense`	$121.79K	USD	3 Qtrs
Interest expense	`InterestExpense`	$38.11K	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$326.06K	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.93M	USD	3 Qtrs
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.52M	USD	3 Qtrs
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.09M	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$125.00K	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$370.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.30M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$451.06K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.52M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$243.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$510.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.27M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-137.43K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.06K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.13	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.13	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.61M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.18M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.87M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.95M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.41M	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-137.43K	USD	1 Quarter
Net income	`NetIncomeLoss`	$208.06K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$515.42K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$480.21K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-24.02K	USD	3 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$31.42K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$171.25K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$318.99K	USD	3 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$125.00K	USD	1 Quarter
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$370.00K	USD	3 Qtrs
Rent expense	`LeaseAndRentalExpense`	$144.86K	USD	3 Qtrs
Rent expense	`LeaseAndRentalExpense`	$-38.94K	USD	3 Qtrs
Gain/(loss) on asset dispositions	`GainLossOnDispositionOfAssets`	$2.50K	USD	3 Qtrs
Gain/(loss) on asset dispositions	`GainLossOnDispositionOfAssets`	$-1.54K	USD	3 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$163.79K	USD	3 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$121.49K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$144.43K	USD	3 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$12.13K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-109.31K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-347.30K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-83.12K	USD	3 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$28.00	USD	3 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-2.66M	USD	3 Qtrs
Decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-288.05K	USD	3 Qtrs
Increase/(decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.40M	USD	3 Qtrs
Increase/(decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.56M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.61M	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$138.68K	USD	3 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$85.69K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-138.68K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-85.69K	USD	3 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-3.51M	USD	3 Qtrs
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-684.47K	USD	3 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-805.17K	USD	3 Qtrs
Decrease in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-1.63M	USD	3 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$265.55K	USD	3 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$194.12K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.05M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.12M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.58M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.36M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	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`	$3.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	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`	$3.47M	USD	Point-in-time
Interest	`InterestPaid`	$123.43K	USD	3 Qtrs
Interest	`InterestPaid`	$143.11K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$787.50K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.24M	USD	3 Qtrs
Short-term premium financing acquired	`NoncashOrPartNoncashAcquisitionInvestmentsAcquired1`	$1.02M	USD	3 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.52M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$340.83K	USD	1 Quarter
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$265.55K	USD	3 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$194.12K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$121.49K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.88K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$163.79K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.26M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$580.72K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-137.43K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$208.06K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.25M	USD	3 Qtrs
Balance	`StockholdersEquity`	$20.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$16.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.52M	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.