10-Q Filing

COMMAND SECURITY CORP CIK: 864509 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-015575`
Period End Date	20180930
Filing Date	20181109
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	moc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 69 Cash Flow Statement 59 Stockholders Equity 20

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`	$228.51K	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 value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$924.21K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $228,512 and $335,192, respectively	`AccountsReceivableNetCurrent`	$36.83M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $228,512 and $335,192, respectively	`AccountsReceivableNetCurrent`	$29.05M	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`	$930.58K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$3.32M	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$1.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$43.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.40M	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$559.98K	USD	Point-in-time
Furniture and equipment at cost, net	`PropertyPlantAndEquipmentNet`	$657.42K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$921.90K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetIncludingGoodwill`	$893.42K	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.12M	USD	Point-in-time
Other assets	`OtherAssetsMiscellaneousNoncurrent`	$3.51M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$4.01M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$4.43M	USD	Point-in-time
Total assets	`Assets`	$48.29M	USD	Point-in-time
Total assets	`Assets`	$38.07M	USD	Point-in-time
Checks issued in advance of deposits	`BankOverdrafts`	$435.81K	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`	$10.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.76M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$9.01M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$11.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.51M	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$519.88K	USD	Point-in-time
Insurance reserves	`InsuranceReservesNoncurrent`	$582.48K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$37.58K	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`	$22.23M	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`	$2.61M	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
Additional paid-in capital	`AdditionalPaidInCapital`	$18.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-656.04K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.20M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$16.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.84M	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`	$38.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$48.29M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$40.49M	USD	1 Quarter
Revenues	`Revenues`	$85.02M	USD	2 Qtrs
Revenues	`Revenues`	$50.20M	USD	1 Quarter
Revenues	`Revenues`	$94.32M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$83.80M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$35.77M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$74.80M	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$44.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.23M	USD	2 Qtrs
Gross profit	`GrossProfit`	$5.47M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.52M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.59M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.68M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.95M	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$4.52K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-120.11K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$-117.62K	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$28.68K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.47M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$4.69M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.98M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$28.70K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.05M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$1.25M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$778.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$222.41K	USD	2 Qtrs
Interest expense	`InterestExpense`	$130.48K	USD	1 Quarter
Interest expense	`InterestExpense`	$123.81K	USD	1 Quarter
Interest expense	`InterestExpense`	$291.38K	USD	2 Qtrs
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$648.09K	USD	1 Quarter
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$828.64K	USD	2 Qtrs
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-95.11K	USD	1 Quarter
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$953.71K	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`	-	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`	-	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-95.11K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$773.74K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$953.71K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$618.39K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$276.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$410.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$91.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$360.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-186.11K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.85M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$543.71K	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.05	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.86M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	9.86M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.21M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.45M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.35M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.50M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-186.11K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.85M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net income	`NetIncomeLoss`	$543.71K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$118.67K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$130.57K	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.52K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-120.11K	USD	1 Quarter
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-117.62K	USD	2 Qtrs
Provision for (recoveries of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$28.68K	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`	-	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`	-	USD	1 Quarter
Rent expense	`PaymentsForRent`	$4.23K	USD	2 Qtrs
Rent expense	`PaymentsForRent`	$24.20K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$143.10K	USD	2 Qtrs
Stock based compensation costs	`ShareBasedCompensation`	$162.19K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$-62.60K	USD	2 Qtrs
Insurance reserves	`IncreaseDecreaseInInsuranceReserves`	$174.91K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$517.50K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$398.00K	USD	2 Qtrs
Change in receivables, prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.32M	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`	$-417.42K	USD	2 Qtrs
Change in accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.31M	USD	2 Qtrs
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	2 Qtrs
Change in other long term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-9.02K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.18M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.64M	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.54K	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.92K	USD	2 Qtrs
Proceeds from equipment dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-199.54K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.92K	USD	2 Qtrs
Net (repayments) advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$7.51M	USD	2 Qtrs
Net (repayments) advances on short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-7.77M	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`	$-731.29K	USD	2 Qtrs
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	$-12.48K	USD	2 Qtrs
Tax withholding related to net share settlements of restricted stock units	`TaxWithholdingRelatedToNetShareSettlementsOfRestrictedStockUnits`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.52M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.52M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$462.63K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.08K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$924.21K	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`	$1.67M	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
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.67M	USD	Point-in-time
Interest	`InterestPaidNet`	$315.39K	USD	2 Qtrs
Interest	`InterestPaidNet`	$187.46K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$3.13K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$8.15K	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$16.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.15M	USD	Point-in-time
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$179.51K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$162.19K	USD	2 Qtrs
Stock compensation cost	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$143.10K	USD	2 Qtrs
Options exercised, net	`StockIssuedDuringPeriodValueStockOptionsExercised`	$173.16K	USD	2 Qtrs
Issuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$221.60K	USD	2 Qtrs
Issuance of shares in exchange for restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-18.26K	USD	2 Qtrs
Issuance of shares in exchange for restricted stock units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-12.48K	USD	2 Qtrs
Net income loss	`NetIncomeLoss`	$413.74K	USD	2 Qtrs
Net income loss	`NetIncomeLoss`	$-186.11K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$-1.85M	USD	2 Qtrs
Net income loss	`NetIncomeLoss`	$342.39K	USD	1 Quarter
Net income loss	`NetIncomeLoss`	$543.71K	USD	2 Qtrs
Balance	`StockholdersEquity`	$16.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.84M	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.