10-K Filing

COMMAND SECURITY CORP CIK: 864509 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001144204-16-109887`
Period End Date	20160331
Filing Date	20160627
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	moc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 61 Stockholders Equity 14

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$650.23K	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`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 or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts accounts of $650,226 and $614,105, respectively	`AccountsReceivableNetCurrent`	$21.89M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts accounts of $650,226 and $614,105, respectively	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.54M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	11.48M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.65M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.85M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.79M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.28M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.18M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	9.73M	shares	Point-in-time
Treasury Stock, Number of Shares Held	`TreasuryStockNumberOfSharesHeld`	1.75M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$29.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.42M	USD	Point-in-time
Treasury Stock, Number of Shares Held	`TreasuryStockNumberOfSharesHeld`	1.75M	shares	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$258.16K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$383.86K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.76M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.36M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.63M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.70M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.41M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$2.73M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.47M	USD	Point-in-time
Total assets	`Assets`	$36.15M	USD	Point-in-time
Total assets	`Assets`	$36.59M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$471.94K	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`	$7.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$620.28K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$945.71K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$7.65M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.75M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$612.46K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$584.57K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$18.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.01M	USD	Point-in-time
Commitments and contingencies (Notes 12 and 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 12 and 13)	`CommitmentsAndContingencies`	-	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 per share, 50,000,000 shares authorized, 11,544,818 and 9,792,618 shares issued and outstanding, respectively, at March 31, 2016 and 11,483,764 and 9,731,564 shares issued and outstanding, respectively, at March 31, 2015	`CommonStockValue`	$1.16K	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 11,544,818 and 9,792,618 shares issued and outstanding, respectively, at March 31, 2016 and 11,483,764 and 9,731,564 shares issued and outstanding, respectively, at March 31, 2015	`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`	$18.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.41M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$5.21M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.56M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.76M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$36.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$36.59M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$139.19M	USD	Annual
Revenues	`Revenues`	$133.10M	USD	Annual
Cost of revenues	`CostOfRevenue`	$118.20M	USD	Annual
Cost of revenues	`CostOfRevenue`	$119.91M	USD	Annual
Gross profit	`GrossProfit`	$14.90M	USD	Annual
Gross profit	`GrossProfit`	$19.28M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$17.52M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$17.28M	USD	Annual
Litigation settlement	`LitigationSettlementExpense`	-	USD	Annual
Litigation settlement	`LitigationSettlementExpense`	$1.40M	USD	Annual
Litigation settlement	`LitigationSettlementExpense`	$1.40M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-130.06K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$426.75K	USD	Annual
Operating Expenses, Total	`OperatingExpenses`	$19.10M	USD	Annual
Operating Expenses, Total	`OperatingExpenses`	$17.39M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$1.89M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-4.20M	USD	Annual
Other expenses	`OtherExpenses`	-	USD	Annual
Other expenses	`OtherExpenses`	-	USD	Annual
Interest expense	`InterestExpense`	$160.87K	USD	Annual
Interest expense	`InterestExpense`	$155.07K	USD	Annual
Income (loss) before income taxes and equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.73M	USD	Annual
Income (loss) before income taxes and equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.36M	USD	Annual
Equity earnings from minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$65.29K	USD	Annual
Equity earnings from minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$71.01K	USD	2 Qtrs
Equity earnings from minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$505.00K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.24M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.30M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-1.64M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$980.00K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.26M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.27	USD	Annual
Basic	`EarningsPerShareBasic`	$0.13	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.27	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.13	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.77M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.64M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.77M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.92M	shares	Annual

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.26M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$642.70K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$577.02K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-130.06K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$426.75K	USD	Annual
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$65.29K	USD	Annual
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$71.01K	USD	2 Qtrs
Equity earnings in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$505.00K	USD	Annual
Rent expense	`PaymentsForRent`	$15.04K	USD	Annual
Rent expense	`PaymentsForRent`	$21.04K	USD	Annual
(Gain) loss on asset dispositions	`GainLossOnDispositionOfAssets`	$-3.63K	USD	Annual
(Gain) loss on asset dispositions	`GainLossOnDispositionOfAssets`	$3.10K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$103.79K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$203.22K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$27.89K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-88.59K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.91M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$37.23K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-83.12K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.75M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$605.34K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$200.06K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$44.11K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.33M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$122.20K	USD	Annual
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.66M	USD	Annual
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	Annual
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$700.00K	USD	Annual
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.40M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.28M	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.53K	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$145.87K	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.42K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-56.12K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-145.87K	USD	Annual
Net (repayments)/advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$1.01M	USD	Annual
Net (repayments)/advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-4.51M	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-689.08K	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-58.89K	USD	Annual
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	$14.03K	USD	Annual
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$75.09K	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$280.92K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$383.72K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.29M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.03M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-948.99K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	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`	$1.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Interest	`InterestPaid`	$152.49K	USD	Annual
Interest	`InterestPaid`	$161.55K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$535.62K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.06M	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.76M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.09K	USD	Annual
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$280.92K	USD	Annual
Repurchase of stock options	`AdjustmentsToAdditionalPaidInCapitalOther`	$-14.03K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$203.22K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$103.79K	USD	Annual
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$75.82K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.26M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	Annual
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	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.