10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-008262`
Period End Date	20170630
Filing Date	20170731
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	moc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 35 Cash Flow Statement 49 Stockholders Equity 16

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$542.49K	USD	Point-in-time
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$544.98K	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`	$1.04M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Common stock, par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$507.62K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $544,977 and $542,489, respectively	`AccountsReceivableNetCurrent`	$30.59M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $544,977 and $542,489, respectively	`AccountsReceivableNetCurrent`	$29.19M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.78M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.83M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.82M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.13M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$146.34K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$115.33K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$984.19K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.03M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$513.29K	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$488.09K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$5.25M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.84M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.80M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.31M	USD	Point-in-time
Total assets	`Assets`	$41.56M	USD	Point-in-time
Total assets	`Assets`	$41.78M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.54M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$583.20K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$12.23M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$11.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.22M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$9.91M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$11.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.13M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$366.32K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$461.62K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.90M	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	`CommonStockValue`	$1.16K	USD	Point-in-time
Common stock, $.0001 par value per share	`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`	$18.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.54M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$303.30K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$231.95K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.56M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.78M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$36.34M	USD	1 Quarter
Revenues	`Revenues`	$43.80M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$38.75M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$31.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.78M	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`	$2.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$528.96K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$272.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$53.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$91.93K	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.55K	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$474.97K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-25.20K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$374.97K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$155.35K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$84.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$214.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.49M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.79M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.16M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-2.49M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$132.85K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.49K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-74.86K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$2.49K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-25.20K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$39.06K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$3.96K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$4.05K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$18.23K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-37.51K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$95.30K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$396.18K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$555.79K	USD	1 Quarter
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.09M	USD	1 Quarter
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$381.35K	USD	1 Quarter
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$318.34K	USD	1 Quarter
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.94M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-791.53K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.62K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.92K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-14.62K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.92K	USD	1 Quarter
Net advances (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-268.15K	USD	1 Quarter
Net advances (repayments) on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$1.80M	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$166.30K	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$953.52K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$685.37K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.97M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-101.24K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-979.23K	USD	1 Quarter
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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$507.62K	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
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$507.62K	USD	Point-in-time
Interest	`InterestPaid`	$50.64K	USD	1 Quarter
Interest	`InterestPaid`	$98.69K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$6.39K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$15.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.25M	USD	Point-in-time
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.23K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.05K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.86K	USD	3 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$95.97K	USD	3 Qtrs
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$10.58K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.49M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$160.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Balance	`StockholdersEquity`	$15.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.25M	USD	Point-in-time

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