10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-046728`
Period End Date	20150630
Filing Date	20150806
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	moc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 35 Cash Flow Statement 46 Stockholders Equity 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$714.80K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$614.11K	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
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`	$1.15M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $714,799 and $614,105, respectively	`AccountsReceivableNet`	$22.36M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $714,799 and $614,105, respectively	`AccountsReceivableNet`	$21.71M	USD	Point-in-time
Treasury stock, shares held	`TreasuryStockNumberOfSharesHeld`	1.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.18M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.65M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.28M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.08M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$383.86K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$379.97K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.66M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.76M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.12M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.63M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.69M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.73M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.68M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.04M	USD	Point-in-time
Total assets	`Assets`	$35.92M	USD	Point-in-time
Total assets	`Assets`	$36.59M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$386.30K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.16M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$6.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$623.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$620.28K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$7.65M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$9.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.43M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$584.57K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$637.07K	USD	Point-in-time
Total liabilities	`Liabilities`	$16.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.99M	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`	$1.15K	USD	Point-in-time
Treasury stock, at cost, 1,752,200 shares	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Treasury stock, at cost, 1,752,200 shares	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.25M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.21M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$35.92M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.59M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$33.66M	USD	1 Quarter
Revenues	`Revenues`	$37.61M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$32.14M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$28.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.11M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$160.64K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-16.24K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$543.70K	USD	1 Quarter
Interest expense	`InterestExpense`	$32.05K	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`	$1.12M	USD	1 Quarter
Income before income taxes and equity earnings in minority interest of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$511.65K	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`	$61.50K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$573.15K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$245.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$545.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$567.19K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.73M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.98M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.75M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$567.19K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$162.13K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$156.71K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$160.64K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-16.24K	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`	$61.50K	USD	1 Quarter
Rent expense	`LeaseAndRentalExpense`	$-6.67K	USD	1 Quarter
Rent expense	`LeaseAndRentalExpense`	$-12.95K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$35.91K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$30.88K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$52.50K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$17.51K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$392.00	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.56K	USD	1 Quarter
(Increase)/decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$821.06K	USD	1 Quarter
(Increase)/decrease in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$-249.49K	USD	1 Quarter
Increase/(decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.49M	USD	1 Quarter
Increase/(decrease) in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-303.69K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$681.22K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.34M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-58.74K	USD	1 Quarter
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.59M	USD	1 Quarter
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.77M	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`	$-774.72K	USD	1 Quarter
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	$14.03K	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 used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.56M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.57M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.90M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Cash and cash equivalents, beginning 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`	$1.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$28.59K	USD	1 Quarter
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$252.33K	USD	3 Qtrs
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$75.82K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.91K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$30.88K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$172.34K	USD	3 Qtrs
Repurchase of stock options	`AdjustmentsToAdditionalPaidInCapitalOther`	$-14.03K	USD	1 Quarter
Net income	`NetIncomeLoss`	$567.19K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$691.08K	USD	1 Quarter
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.92M	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.