10-K Filing

COMMAND SECURITY CORP CIK: 864509 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001493152-17-006797`
Period End Date	20170331
Filing Date	20170619
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	moc-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 36 Cash Flow Statement 60 Stockholders Equity 15

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$650.23K	USD	Point-in-time
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$542.49K	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`	$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`	$1.04M	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
Accounts receivable, net of allowance for doubtful accounts accounts of $542,489 and $650,226, respectively	`AccountsReceivableNetCurrent`	$29.19M	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 $542,489 and $650,226, respectively	`AccountsReceivableNetCurrent`	$21.89M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.85M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.54M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.79M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.85M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.01M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	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`	$146.34K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.03M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.36M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.12M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$513.29K	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$2.70M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.08M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.41M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$5.63M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$8.47M	USD	Point-in-time
Total assets	`Assets`	$41.78M	USD	Point-in-time
Total assets	`Assets`	$36.15M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$471.94K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$583.20K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.01M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$12.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$945.71K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.22M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$11.50M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.53M	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`	$366.32K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$700.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.06M	USD	Point-in-time
Commitments and contingencies (Notes 13 and 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 13 and 14)	`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, 11,600,386 and 9,848,186 shares issued and outstanding, respectively, at March 31, 2017 and 11,544,818 and 9,792,618 shares issued and outstanding, respectively, at March 31, 2016	`CommonStockValue`	$1.16K	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 11,600,386 and 9,848,186 shares issued and outstanding, respectively, at March 31, 2017 and 11,544,818 and 9,792,618 shares issued and outstanding, respectively, at March 31, 2016	`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`	$18.54M	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`	$231.95K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.88M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$36.15M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$133.10M	USD	Annual
Revenues	`Revenues`	$162.18M	USD	Annual
Cost of revenues	`CostOfRevenue`	$118.20M	USD	Annual
Cost of revenues	`CostOfRevenue`	$143.91M	USD	Annual
Gross profit	`GrossProfit`	$18.27M	USD	Annual
Gross profit	`GrossProfit`	$14.90M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.30M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.68M	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$426.75K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-138.55K	USD	Annual
Total operating expenses	`OperatingExpenses`	$19.10M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.16M	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$107.53K	USD	Annual
Operating income (loss)	`OperatingIncomeLoss`	$-4.20M	USD	Annual
Interest expense	`InterestExpense`	$306.12K	USD	Annual
Interest expense	`InterestExpense`	$160.87K	USD	Annual
Loss before income taxes and equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-198.59K	USD	Annual
Loss before income taxes and equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.36M	USD	Annual
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-82.00K	USD	Annual
Equity earnings (loss) in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$65.29K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	$-2.10M	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	-	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.30M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.38M	USD	Annual
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-1.64M	USD	Annual
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-56.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.66M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.24	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.27	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.24	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.27	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.82M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.77M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.77M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.82M	shares	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.66M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$577.02K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$458.59K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$426.75K	USD	Annual
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-138.55K	USD	Annual
Equity (earnings) loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-82.00K	USD	Annual
Equity (earnings) loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$65.29K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestment`	$2.10M	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestment`	-	USD	Annual
Rent expense	`PaymentsForRent`	$15.04K	USD	Annual
Rent expense	`PaymentsForRent`	$-24.30K	USD	Annual
Gain on asset dispositions	`GainLossOnDispositionOfAssets1`	$-3.63K	USD	Annual
Gain on asset dispositions	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$17.91K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$103.79K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-246.14K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$27.89K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.91M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$37.69K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$605.34K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.16M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-68.47K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$200.06K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.52M	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.33M	USD	Annual
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.43M	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`	$-700.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.28M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.87M	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.39K	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.53K	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`	$-10.39K	USD	Annual
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$1.01M	USD	Annual
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$5.22M	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$111.26K	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-689.08K	USD	Annual
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	$14.03K	USD	Annual
Repurchase of stock options	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$106.55K	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$75.09K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.43M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$383.72K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-948.99K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-444.56K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.44M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	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`	$2.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Interest	`InterestPaid`	$152.49K	USD	Annual
Interest	`InterestPaid`	$297.37K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$535.62K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$10.18K	USD	Annual

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$95.97K	USD	Annual
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$75.09K	USD	Annual
Repurchase of stock options	`AdjustmentsToAdditionalPaidInCapitalOther`	$-14.03K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$103.79K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.91K	USD	Annual
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	-	USD	Annual
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$10.58K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.66M	USD	Annual
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.57M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time

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