10-K Filing

COMMAND SECURITY CORP CIK: 864509 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001493152-18-008427`
Period End Date	20180331
Filing Date	20180611
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	moc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 36 Cash Flow Statement 56 Stockholders Equity 15

Balance Sheet 69 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`	$335.19K	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`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.49M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $335,192 and $542,489, respectively	`AccountsReceivableNetCurrent`	$36.83M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $335,192 and $542,489, respectively	`AccountsReceivableNetCurrent`	$29.19M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.93M	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`	11.71M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.13M	shares	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$34.84M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.58M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$43.30M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.75M	shares	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$559.98K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$146.34K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$921.90K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$1.03M	USD	Point-in-time
Minority investment in unconsolidated affiliate	`EquityMethodInvestments`	-	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
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.51M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$5.25M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$4.43M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$6.80M	USD	Point-in-time
Total assets	`Assets`	$48.29M	USD	Point-in-time
Total assets	`Assets`	$41.78M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.17M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$583.20K	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$18.23M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$12.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.79M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$10.93M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$11.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.53M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.51M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$366.32K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$582.48K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$46.60K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$25.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$33.14M	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, 11,714,308 and 10,127,651 shares issued and outstanding, respectively, at March 31, 2018 and 11,600,386 and 9,848,186 shares issued and outstanding, respectively, at March 31, 2017	`CommonStockValue`	$1.16K	USD	Point-in-time
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 11,714,308 and 10,127,651 shares issued and outstanding, respectively, at March 31, 2018 and 11,600,386 and 9,848,186 shares issued and outstanding, respectively, at March 31, 2017	`CommonStockValue`	$1.17K	USD	Point-in-time
Treasury stock, at cost, 1,584,418 shares and 1,752,200 shares, respectively	`TreasuryStockValue`	$2.61M	USD	Point-in-time
Treasury stock, at cost, 1,584,418 shares and 1,752,200 shares, respectively	`TreasuryStockValue`	$2.89M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.96M	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$231.95K	USD	Point-in-time
Accumulated earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$18.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$15.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$15.15M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$41.78M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$48.29M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$162.18M	USD	Annual
Revenues	`Revenues`	$187.96M	USD	Annual
Cost of revenues	`CostOfRevenue`	$143.91M	USD	Annual
Cost of revenues	`CostOfRevenue`	$167.80M	USD	Annual
Gross profit	`GrossProfit`	$18.27M	USD	Annual
Gross profit	`GrossProfit`	$20.16M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.70M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$18.30M	USD	Annual
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-78.21K	USD	Annual
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-138.55K	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.16M	USD	Annual
Total operating expenses	`OperatingExpenses`	$18.62M	USD	Annual
Operating income	`OperatingIncomeLoss`	$1.54M	USD	Annual
Operating income	`OperatingIncomeLoss`	$107.53K	USD	Annual
Interest expense	`InterestExpense`	$551.23K	USD	Annual
Interest expense	`InterestExpense`	$306.12K	USD	Annual
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$987.59K	USD	Annual
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-198.59K	USD	Annual
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-141.20K	USD	Annual
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-82.00K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	$-372.09K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	$-2.10M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$474.30K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.38M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$1.91M	USD	Annual
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-56.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.43M	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.24	USD	Annual
Basic	`EarningsPerShareBasic`	$-0.14	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.24	USD	Annual
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.82M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.95M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.95M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.82M	shares	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.43M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$217.45K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$458.59K	USD	Annual
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-78.21K	USD	Annual
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-138.55K	USD	Annual
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-141.20K	USD	Annual
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-82.00K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	$-372.09K	USD	Annual
Impairment of equity method minority investment of unconsolidated affiliate	`ImpairmentOfEquityMethodMinorityInvestmentOfUnconsolidatedAffiliate`	$-2.10M	USD	Annual
Rent expense	`PaymentsForRent`	$-24.30K	USD	Annual
Rent expense	`PaymentsForRent`	$-22.86K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$17.91K	USD	Annual
Stock based compensation costs	`ShareBasedCompensation`	$322.61K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$216.16K	USD	Annual
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-246.14K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.73M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$37.69K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.16M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.56M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$148.51K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-68.47K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.52M	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$477.33K	USD	Annual
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.43M	USD	Annual
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$421.49K	USD	Annual
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-700.00K	USD	Annual
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$46.60K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-5.87M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.21M	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.39K	USD	Annual
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$535.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.39K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-535.50K	USD	Annual
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$6.01M	USD	Annual
Net advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$5.22M	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$583.89K	USD	Annual
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$111.26K	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$339.59K	USD	Annual
Proceeds from option exercises, net	`ProceedsFromStockOptionsExercised`	$106.55K	USD	Annual
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	-	USD	Annual
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	$-18.26K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.43M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$6.91M	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-444.56K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$169.62K	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	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`	$1.21M	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	`InterestPaidNet`	$297.37K	USD	Annual
Interest	`InterestPaidNet`	$501.39K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$13.43K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$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`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.15M	USD	Point-in-time
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$173.16K	USD	Annual
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$95.97K	USD	Annual
Stock based compensation tax benefits	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$10.58K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$322.61K	USD	Annual
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.91K	USD	Annual
Issuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$221.60K	USD	Annual
Issuance of restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-18.26K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.32M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.43M	USD	Annual
Balance	`StockholdersEquity`	$18.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.15M	USD	Point-in-time

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