10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-012643`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	moc-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 69 Cash Flow Statement 55 Stockholders Equity 19

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`	$345.59K	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`	$1.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$521.65K	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`	$924.21K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $345,591 and $542,489, respectively	`AccountsReceivableNetCurrent`	$39.25M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $345,591 and $542,489, respectively	`AccountsReceivableNetCurrent`	$29.19M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	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`	$1.77M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.82M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.38M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$146.34K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$93.26K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.03M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$958.08K	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$458.39K	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	$513.29K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$5.25M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$4.72M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.14M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.80M	USD	Point-in-time
Total assets	`Assets`	$49.61M	USD	Point-in-time
Total assets	`Assets`	$41.78M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$583.20K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$588.66K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$19.74M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$12.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$958.57K	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`	$11.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.63M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$366.32K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$541.24K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.17M	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`	$18.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.54M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$231.95K	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$645.69K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$18.79M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$49.61M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$41.78M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$49.74M	USD	1 Quarter
Revenues	`Revenues`	$42.41M	USD	1 Quarter
Revenues	`Revenues`	$78.74M	USD	2 Qtrs
Revenues	`Revenues`	$93.54M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$83.02M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$44.27M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$37.25M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$69.03M	USD	2 Qtrs
Gross profit	`GrossProfit`	$10.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.71M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.47M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$-4.39M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$-4.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$-8.48M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$-9.59M	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-33.05K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-117.62K	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-120.11K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-107.91K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-9.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-4.36M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-8.38M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$-4.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$778.57K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$804.76K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.33M	USD	2 Qtrs
Interest expense	`InterestExpense`	$130.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$222.41K	USD	2 Qtrs
Interest expense	`InterestExpense`	$86.79K	USD	1 Quarter
Interest expense	`InterestExpense`	$140.77K	USD	2 Qtrs
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$717.97K	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$648.09K	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$828.64K	USD	2 Qtrs
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.19M	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-130.00K	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-54.90K	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-29.70K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-30.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$618.39K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.06M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$773.74K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$687.97K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$276.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$465.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$251.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$360.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$597.94K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.80M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.82M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.86M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.86M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.20M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.45M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.23M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$436.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$597.94K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$118.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$238.43K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-33.05K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-117.62K	USD	2 Qtrs
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-120.11K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-107.91K	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-130.00K	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-54.90K	USD	2 Qtrs
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-29.70K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-30.00K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$-11.82K	USD	2 Qtrs
Rent expense	`PaymentsForRent`	$4.23K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$8.10K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$143.10K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-142.91K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$174.91K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$440.59K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$517.50K	USD	2 Qtrs
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.59M	USD	2 Qtrs
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.53M	USD	2 Qtrs
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.35M	USD	2 Qtrs
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-417.42K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.64M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.07M	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.92K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$4.92K	USD	2 Qtrs
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$4.96M	USD	2 Qtrs
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$7.51M	USD	2 Qtrs
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$5.46K	USD	2 Qtrs
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$39.97K	USD	2 Qtrs
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	-	USD	2 Qtrs
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$96.36K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.10M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$7.52M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-965.20K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.08K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$521.65K	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`	$924.21K	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`	$521.65K	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`	$924.21K	USD	Point-in-time
Interest	`InterestPaidNet`	$187.46K	USD	2 Qtrs
Interest	`InterestPaidNet`	$132.82K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$8.15K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$6.39K	USD	2 Qtrs

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$16.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$85.78K	USD	2 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$10.19K	USD	2 Qtrs
Stock based compensation tax benefit	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$10.58K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.10K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.81K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$143.10K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.92M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$436.97K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$597.94K	USD	2 Qtrs
Balance	`StockholdersEquity`	$16.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$18.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	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.