10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-010795`
Period End Date	20180630
Filing Date	20180801
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	moc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 35 Cash Flow Statement 53 Stockholders Equity 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$335.19K	USD	Point-in-time
Allowance for doubtful accounts receivable net	`AllowanceForDoubtfulAccountsReceivableCurrent`	$363.94K	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`	$1.36M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $363,944 and $335,192, respectively	`AccountsReceivableNetCurrent`	$35.08M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $363,944 and $335,192, respectively	`AccountsReceivableNetCurrent`	$36.83M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.58M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.58M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.93M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$961.01K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.05M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.44M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$626.62K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$559.98K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$921.90K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$907.66K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.20M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.51M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$4.43M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$4.11M	USD	Point-in-time
Total assets	`Assets`	$44.18M	USD	Point-in-time
Total assets	`Assets`	$48.29M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$633.32K	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$1.17M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$18.23M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$16.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$8.93M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$11.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$27.69M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$505.67K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$582.48K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$42.09K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$46.60K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.24M	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`	$1.17K	USD	Point-in-time
Common stock, $.0001 par value	`CommonStockValue`	$1.17K	USD	Point-in-time
Treasury stock, at cost, 1,579,646 shares and 1,584,418 shares, respectively	`TreasuryStockValue`	$2.60M	USD	Point-in-time
Treasury stock, at cost, 1,579,646 shares and 1,584,418 shares, respectively	`TreasuryStockValue`	$2.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-469.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.15M	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`	$15.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$44.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$48.29M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$43.80M	USD	1 Quarter
Revenues	`Revenues`	$44.09M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$38.75M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$38.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.51M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.27M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.78M	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$24.16K	USD	1 Quarter
Provision for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$2.49K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$272.48K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.22M	USD	1 Quarter
Interest expense	`InterestExpense`	$91.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$167.57K	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.05M	USD	1 Quarter
Income before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.55K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-25.20K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$155.35K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$319.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$84.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$729.84K	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.39M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$729.84K	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$61.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$70.49K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$24.16K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.49K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$-25.20K	USD	1 Quarter
Equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Rent expense	`PaymentsForRent`	$11.42K	USD	1 Quarter
Rent expense	`PaymentsForRent`	$39.06K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$18.23K	USD	1 Quarter
Stock based compensation costs	`ShareBasedCompensation`	$76.16K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$95.30K	USD	1 Quarter
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-76.81K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$313.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$396.18K	USD	1 Quarter
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.96M	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`	$-2.65M	USD	1 Quarter
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.05M	USD	1 Quarter
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-4.51K	USD	1 Quarter
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.43M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-791.53K	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$101.60K	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	`NetCashProvidedByUsedInInvestingActivities`	$-101.60K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.92K	USD	1 Quarter
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-268.15K	USD	1 Quarter
Net repayments on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.63M	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$953.52K	USD	1 Quarter
Change in checks issued in advance of deposits	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$-533.78K	USD	1 Quarter
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	$-12.48K	USD	1 Quarter
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.18M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$685.37K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-101.24K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$147.19K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	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`	$1.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.36M	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`	$1.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$941.05K	USD	Point-in-time
Interest	`InterestPaidNet`	$177.94K	USD	1 Quarter
Interest	`InterestPaidNet`	$98.69K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$2.33K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$15.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.94M	USD	Point-in-time
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$304.39K	USD	3 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$18.23K	USD	1 Quarter
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$76.16K	USD	1 Quarter
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$173.16K	USD	3 Qtrs
Issuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$221.60K	USD	3 Qtrs
Issuance of shares in exchange for restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-18.26K	USD	3 Qtrs
Issuance of shares in exchange for restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-12.48K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$-1.50M	USD	3 Qtrs
Net income loss	`NetIncomeLoss`	$729.84K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$71.35K	USD	1 Quarter
Balance	`StockholdersEquity`	$15.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.94M	USD	Point-in-time

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