10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-118930`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	moc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 37 Cash Flow Statement 49 Stockholders Equity 16

Balance Sheet 63 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`	$564.43K	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`	$507.62K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	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
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts accounts of $564,426 and $650,226, respectively	`AccountsReceivableNetCurrent`	$21.89M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	1.75M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts accounts of $564,426 and $650,226, respectively	`AccountsReceivableNetCurrent`	$25.67M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.03M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.85M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.18M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.42M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$258.16K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$239.64K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.36M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.27M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.60M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.70M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.88M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.41M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.47M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$7.74M	USD	Point-in-time
Total assets	`Assets`	$36.15M	USD	Point-in-time
Total assets	`Assets`	$38.56M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$638.24K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$471.94K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.82M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$945.71K	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.51M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.75M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$574.96K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$612.46K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$20.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.06M	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`	$1.16K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.16K	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`	$18.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.41M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.56M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$2.72M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.25M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$20.92M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.08M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$36.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$38.56M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$36.34M	USD	1 Quarter
Revenues	`Revenues`	$33.66M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$31.79M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$28.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.55M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.11M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.09M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-74.86K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$160.64K	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.02M	USD	1 Quarter
Operating Expenses, Total	`OperatingExpenses`	$4.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$543.70K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$528.96K	USD	1 Quarter
Other expenses	`OtherExpenses`	-	USD	1 Quarter
Other expenses	`OtherExpenses`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$32.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$53.98K	USD	1 Quarter
Income before income taxes and equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$511.65K	USD	1 Quarter
Income before income taxes and equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$474.97K	USD	1 Quarter
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$61.50K	USD	1 Quarter
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$374.97K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$573.15K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$214.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$245.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.98M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.79M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.98M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.98M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$162.13K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$132.85K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-74.86K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$160.64K	USD	1 Quarter
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$61.50K	USD	1 Quarter
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$3.96K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$6.67K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$35.91K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$4.05K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$52.50K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-37.51K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$392.00	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$555.79K	USD	1 Quarter
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$821.06K	USD	1 Quarter
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInReceivablesPrepaidExpensesAndOtherCurrentAssets`	$4.09M	USD	1 Quarter
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$318.34K	USD	1 Quarter
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.49M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.94M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.34M	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.62K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-58.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.62K	USD	1 Quarter
Net (repayments)/advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.77M	USD	1 Quarter
Net (repayments)/advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$1.80M	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-774.72K	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$166.30K	USD	1 Quarter
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	$14.03K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.97M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.56M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-979.23K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$507.62K	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`	$1.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$507.62K	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`	$1.49M	USD	Point-in-time
Interest	`InterestPaid`	$50.64K	USD	1 Quarter
Interest	`InterestPaid`	$23.79K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$5.45K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$6.39K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$18.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.09K	USD	3 Qtrs
Repurchase of stock options	`AdjustmentsToAdditionalPaidInCapitalOther`	$-14.03K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$67.89K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$35.91K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.05K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$328.15K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.98M	USD	3 Qtrs
Balance	`StockholdersEquity`	$18.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time

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