Command Security 10-K 27 Jun 16 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2016	Jun. 07, 2016	Sep. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	COMMAND SECURITY CORP
Entity Central Index Key	864,509
Current Fiscal Year End Date	--03-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 13,401,493
Trading Symbol	MOC
Entity Common Stock, Shares Outstanding		9,792,618

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Current assets:
Cash and cash equivalents	$ 1,486,854	$ 2,435,839
Accounts receivable, net of allowance for doubtful accounts accounts of $650,226 and $614,105, respectively	21,890,623	21,712,036
Prepaid expenses	1,853,464	1,653,404
Other assets	2,184,465	3,283,195
Total current assets	27,415,406	29,084,474
Furniture and equipment at cost, net	258,157	383,860
Other Assets:
Intangible assets, net	1,364,966	1,763,805
Minority investment in unconsolidated affiliate	2,695,291	2,630,000
Other assets	4,412,042	2,725,016
Total other assets	8,472,299	7,118,821
Total assets	36,145,862	36,587,155
Current liabilities:
Checks issued in advance of deposits	471,939	1,161,023
Short-term borrowings	7,011,743	6,000,000
Accounts payable	945,711	620,282
Accrued expenses and other liabilities	8,321,297	7,647,102
Total current liabilities	16,750,690	15,428,407
Insurance reserves	612,462	584,569
Other non-current liabilities	700,000	0
Total liabilities	$ 18,063,152	$ 16,012,976
Commitments and contingencies (Notes 12 and 13)
Stockholders’ equity:
Preferred stock, convertible Series A, $.0001 par value	$ 0	$ 0
Common stock, $.0001 par value per share, 50,000,000 shares authorized, 11,544,818 and 9,792,618 shares issued and outstanding, respectively, at March 31, 2016 and 11,483,764 and 9,731,564 shares issued and outstanding, respectively, at March 31, 2015	1,155	1,149
Treasury stock, at cost, 1,752,200 shares	(2,885,579)	(2,885,579)
Additional paid-in capital	18,410,595	18,245,747
Accumulated earnings	2,556,539	5,212,862
Total stockholders’ equity	18,082,710	20,574,179
Total liabilities and stockholders’ equity	$ 36,145,862	$ 36,587,155

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Allowance for Doubtful Accounts Receivable, Current	$ 650,226	$ 614,105
Preferred stock, Series A, par value per share	$ 0.0001	$ 0.0001
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	11,544,818	11,483,764
Common Stock, Shares, Outstanding	9,792,618	9,731,564
Treasury Stock, Number of Shares Held	1,752,200	1,752,200

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues	$ 133,101,689	$ 139,185,400
Cost of revenues	118,200,363	119,907,591
Gross profit	14,901,326	19,277,809
Operating expenses
General and administrative	17,275,314	17,519,531
Litigation settlement	1,400,000	0
Provision for doubtful accounts, net	426,752	(130,059)
Operating Expenses, Total	19,102,066	17,389,472
Operating income (loss)	$ (4,200,740)	$ 1,888,337
Other expenses
Interest expense	$ (160,874)	$ (155,074)
Income (loss) before income taxes and equity earnings in minority investment of unconsolidated affiliate	(4,361,614)	1,733,263
Equity earnings from minority investment of unconsolidated affiliate	65,291	505,000
Income (loss) before income taxes	(4,296,323)	2,238,263
Provision for (benefit from) income taxes	(1,640,000)	980,000
Net income (loss)	$ (2,656,323)	$ 1,258,263
Income (loss) per share of common stock
Basic	$ (0.27)	$ 0.13
Diluted	$ (0.27)	$ 0.13
Weighted average number of common shares outstanding
Basic	9,771,578	9,637,594
Diluted	9,771,578	9,919,654

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Mar. 31, 2014	$ 18,755,961	$ 0	$ 1,126	$ (2,885,579)	$ 17,685,815	$ 3,954,599
Options exercised, net	280,918		23		280,895
Stock compensation cost	203,215				203,215
Stock based compensation tax benefits	75,822				75,822
Net income (loss)	1,258,263					1,258,263
Balance at Mar. 31, 2015	20,574,179	0	1,149	(2,885,579)	18,245,747	5,212,862
Options exercised, net	75,095		6		75,089
Repurchase of stock options	(14,034)				(14,034)
Stock compensation cost	103,793				103,793
Net income (loss)	(2,656,323)					(2,656,323)
Balance at Mar. 31, 2016	$ 18,082,710	$ 0	$ 1,155	$ (2,885,579)	$ 18,410,595	$ 2,556,539

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ (2,656,323)	$ 1,258,263
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	577,025	642,700
Provision for doubtful accounts, net	426,752	(130,059)
Equity earnings in minority investment of unconsolidated affiliate	(65,291)	(505,000)
Rent expense	(15,036)	(21,038)
(Gain) loss on asset dispositions	3,632	(3,098)
Stock based compensation costs	103,793	203,215
Insurance reserves	27,893	(88,592)
Deferred income taxes	(1,913,562)	37,226
Restricted cash	0	83,118
Changes in operating assets and liabilities:
Accounts receivable	(605,339)	3,746,475
Prepaid expenses	(200,060)	(44,107)
Other assets	1,325,267	(122,204)
Change in accounts payable and other liabilities	1,014,661	(1,656,293)
Change in other long term liabilities	700,000	0
Net cash provided by (used in) operating activities	(1,276,588)	3,400,606
Cash flows from investing activities:
Purchases of equipment	(58,532)	(145,866)
Proceeds from equipment dispositions	2,415	0
Net cash used in investing activities	(56,117)	(145,866)
Cash flows from financing activities:
Net (repayments)/advances on short-term borrowings	1,011,743	(4,511,360)
Change in checks issued in advance of deposits	(689,084)	(58,886)
Repurchase of stock options	(14,034)	0
Proceeds from option exercises, net	75,095	280,918
Net cash provided by (used in) financing activities	383,720	(4,289,328)
Net change in cash and cash equivalents	(948,985)	(1,034,588)
Cash and cash equivalents, beginning of period	2,435,839	3,470,427
Cash and cash equivalents, end of period	1,486,854	2,435,839
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION
Interest	152,486	161,551
Income taxes	$ 535,616	$ 1,060,050

Business Description and Summar

Business Description and Summary of Accounting Policies	12 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Business Description and Summary of Accounting Policies	1. Business Description and Summary of Accounting Policies The following is a description of the principal business activities and significant accounting policies employed by Command Security Corporation. In this discussion, the words "Company", "we", "our" and "us" refer to Command Security Corporation. We are a security services company which principally provides uniformed security officers and aviation security services to commercial, financial, industrial, aviation and governmental customers throughout the United States. We provide our security services to our customers through Command Security, our security division, and our aviation security services through our Aviation Safeguards division. The Company has operations in California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Virginia, Washington, and West Virginia. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowances for doubtful accounts, depreciation and amortization, income tax assets and insurance reserves. Estimates are based on historical experience, where applicable or other assumptions that our management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, our actual results may differ from those estimates under different assumptions or conditions. We record revenue as services are provided to our customers. Revenue relates primarily to the provision of aviation and security services, which are typically billed at hourly rates. These rates may vary depending on base, overtime and holiday time worked. Revenue is reported net of applicable taxes. We define cash and cash equivalents as operating cash (non-restricted) and highly liquid investments with maturities of ninety (90) days or less at the date of purchase. The carrying amounts of our cash equivalents approximate their fair values. We periodically evaluate the requirement for providing for billing adjustments and/or reflect the extent to which we will be able to collect our accounts receivable. We provide for billing adjustments where management determines that there is a likelihood of a significant adjustment for disputed billings. Criteria used by management to evaluate the adequacy of the allowance for doubtful accounts include, among others, the creditworthiness of the customer, current trends, prior payment performance, the age of the receivables and our overall historical loss experience. Individual accounts are charged off against the allowance as management deems them to be uncollectible. The Company uses the equity method to account for its investment in Ocean Protection Services, LLC. Equity method investments are recorded at original cost and adjusted periodically to recognize: (i) our proportionate share of investees’ net income or losses after the date of the investment; (ii) additional contributions made or distributions received; and (iii) impairment losses resulting from adjustments to net realizable value. The Company reviews its investment accounted for under the equity method of accounting for impairment whenever events or changes in circumstances indicate a loss in the value of the investment may be other than temporary. Furniture and equipment are stated at cost. Depreciation is generally recorded using the straight-line method over estimated useful lives of the equipment ranging from three to seven years. Intangible assets are stated at cost and consist primarily of customer lists that are being amortized on a straight-line basis over a period of ten years, and goodwill, which is reviewed annually for impairment. The life assigned to customer lists acquired is based on management's estimate of our expected customer attrition rate. The attrition rate is estimated based on historical contract longevity and management's operating experience. We test for impairment annually or when events and circumstances warrant such a review, if earlier. Any potential impairment is evaluated based on anticipated undiscounted future cash flows and actual customer attrition in accordance with FASB ASC 360, Property, Plant and Equipment General liability estimated accrued liabilities are calculated on an undiscounted basis based on actual claim data and estimates of incurred but not reported claims developed utilizing historical claim trends. Projected settlements and incurred but not reported claims are estimated based on pending claims, historical trends and related data. Workers’ compensation annual costs are comprised of premiums as well as incurred losses as determined at the end of the coverage period, subject to minimum and maximum amounts. Workers’ compensation insurance claims and reserves include accruals of estimated settlements for known claims, as well as accruals of estimates for claims incurred but not yet reported as provided by a third party. In estimating these accruals, we consider historical loss experience and make judgments about the expected levels of costs per claim. We believe our estimates of future liability are reasonable based upon our methodology; however, changes in health care costs, accident frequency and severity and other factors could materially affect the estimate for these liabilities. The Company continually monitors changes in claim type and incident and evaluates the workers’ compensation insurance accrual, making necessary adjustments based on the evaluation of these qualitative data points. The Company is self-insured up to certain stop loss amounts for worker’s compensation claims. The Company has purchased stop loss coverage that insures individual claims that exceed $ 500,000 6.2 6.5 The Company’s workers’ compensation insurance premiums (including loss fund deposits, surcharges, assessments, broker’s fees and excluding loss fund handling charges) were $ 3.25 3.34 44,826 79,750 Income taxes are based on income (loss) for financial reporting purposes and reflect a current tax liability (asset) for the estimated taxes payable (recoverable) in the current year tax return and changes in deferred taxes. Deferred tax assets or liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using enacted tax laws and rates. A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not that the asset will not be realized. We recognize the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. In the event that interest and/or penalties are assessed in connection with our tax filings, interest will be recorded as interest expense and penalties as selling, general and administrative expense. We did not have any unrecognized tax benefits as of March 31, 2016 and 2015. Under the requirements of FASB ASC 260, Earnings per Share For the fiscal year ended March 31, 2016, the Company reported a net loss and, accordingly, potential common shares that would cause dilution, such as employee stock options, have been excluded from the diluted share count because their inclusion would have been anti-dilutive. FASB ASC 718, Stock Compensation The carrying value of cash, accounts receivable, prepaid expenses, checks issued in advance of deposits, accounts payable and accrued expenses are reasonable estimates of the fair values because of their short-term maturity. The fair value of the Company's long-term debt is based on the borrowing rates currently available to the Company for loans and leases with similar terms and average maturities. FASB ASC 820, Fair Value Measurements and Disclosures · Level 1, defined as observable inputs such as quoted prices in active markets for identical assets; · Level 2, defined as observable inputs other than Level 1 prices such as quoted prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and · Level 3, defined as unobservable inputs in which little or no market data exists; therefore requiring an entity to develop its own assumptions. In May 2014, the FASB and the International Accounting Standards Board (IASB) issued, ASU 2014-09 (Topic 606) Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, “Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs.” This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This pronouncement is effective for fiscal and interim periods beginning after December 15, 2015. Other than requiring a different presentation within the balance sheet, the adoption of this ASU is not expected to have a material impact on our financial statements. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 simplifies the presentation of deferred taxes by requiring deferred tax assets and liabilities to be classified as non-current on the balance sheet. ASU 2015-17 is effective for public companies for annual reporting periods beginning after December 15, 2016, and interim periods within those fiscal years. The guidance may be adopted prospectively or retrospectively and early adoption is permitted. The Company is currently evaluating the impact of this guidance. Other than the reclassification of the current deferred tax asset to long term assets, the adoption of this guidance is not expected to have a material impact on the Company's financial position, results of operations, or cash flows. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company’s fiscal year 2020, with early adoption permitted, and must be implemented using a modified retrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently evaluating the impact of ASU 2016-09 on its financial statements. The adoption of this guidance is expected to result in a significant increase in assets and liabilities on the Company’s balance sheet. In March 2016, the FASB issued ASU No. 2016-09, “Improvements to Employee Share-Based Payment Accounting”, which simplifies accounting and presentation of share-based payments, primarily relating to the recognition and classification of excess tax benefits, accounting for forfeitures and tax withholding requirements. ASU 2016-09 is effective beginning with the Company’s fiscal year 2018, with early adoption permitted and different permitted adoption methods for each provision of the standard. The Company is currently evaluating the impact of ASU 2016-09 on its financial statements.

Furniture and Equipment

Furniture and Equipment	12 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Furniture and Equipment	2. Furniture and Equipment Furniture and equipment at March 31, 2016 and 2015 consist of the following: 2016 2015 Transportation equipment $ 232,954 $ 232,954 Security equipment 1,347,003 1,306,403 Office furniture and equipment 2,774,658 2,790,607 4,354,615 4,329,964 Accumulated depreciation (4,096,458) (3,946,104) Total $ 258,157 $ 383,860 Depreciation expense for the fiscal years ended March 31, 2016 and 2015 was $ 178,186 243,349

Intangible Assets

Intangible Assets	12 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets at March 31, 2016 and 2015 consist of the following: 2016 2015 Customer Lists $ 4,274,915 $ 4,274,915 Goodwill 895,258 895,258 5,170,173 5,170,173 Accumulated amortization (3,805,207) (3,406,368) Total $ 1,364,966 $ 1,763,805 Included in intangible assets for the fiscal years ended March 31, 2016 and 2015 is goodwill of $ 895,258 398,839 399,351 336,384 106,680 26,644

Minority Investment in Unconsol

Minority Investment in Unconsolidated Affiliate	12 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Minority Investment in Unconsolidated Affiliate	4. Minority Investment in Unconsolidated Affiliate In March 2014, the Company made a 20 100 2,000 2.125 Capital contributions $ 2,125,000 Cumulative share of income 570,291 Cumulative share of distributions - Investment balance - March 31, 2016 $ 2,695,291 The following summarizes the combined assets, liabilities and equity, and combined results of operations of our equity method investment in OPS as of December 31, 2015 and December 31, 2014: December 31, December 31, 2015 2014 Current assets $ 2,415,252 $ 3,992,357 Goodwill 10,441,941 10,663,390 Other non-current assets 236,066 324,221 Total assets $ 13,093,259 $ 14,979,968 Current liabilities $ 4,349,785 $ 4,237,190 Non-current liabilities 4,459,298 7,487,404 Shareholders' equity 4,284,176 3,255,374 Total liabilities and shareholders' equity $ 13,093,259 $ 14,979,968 Condensed statement of operations for the year ended December 31, 2015 and the period March 14, 2014 through December 31, 2014: 2015 2014 Net operating revenues $ 12,571,572 $ 14,975,913 Gross profit $ 4,117,222 $ 4,586,547 Operating expenses $ 2,638,364 $ 2,244,054 Net income from continuing operations $ 1,086,486 $ 1,584,174 During the past two fiscal years ended December 31, 2015 and 2014, OPS has experienced a decline in revenues and net income from continuing operations. Specifically, for the year ended December 31, 2015, revenues declined 16.1 10.2 31.4 30.6 32.8 The decline in revenues has been driven by an overall reduction in world-wide shipping activity, reduced demand for security personnel as a result of declines in attempted and successful piracy attacks, lower insurance rates and lower oil prices allowing operators the option of longer routes through lower risk areas further leading to a decline in demand for security services. The maturing of this industry has also led to price competition further compressing revenues and margins. In addition, during the past six months, OPS has pursued certain strategic growth opportunities that have resulted in increases in a variety of related costs including salaries and wages, legal, consulting, travel and financing costs. The decline in revenues and increased operating costs has resulted in net losses for the past two quarters ending March 31, 2016, and accordingly, the Company has recorded its proportionate share of these losses totaling $ 71,013 65,291 The combination of the above-mentioned decline in revenues and increased operating costs has resulted in short-term liquidity pressures that may impact OPS’s ability to remain current in its obligations under its senior debt. However, the Company and OPS believe the core business will continue to generate gross profit margins reasonably consistent with historical results and further, there are initiatives underway to reduce operating expenses. While there can be no assurance that OPS will be able to increase revenues and/or net income from continuing operations in the foreseeable future or improve its liquidity outlook so as to avoid a default under its credit agreement, the Company believes there is a reasonable possibility to return OPS to more stable and predictable levels of profitability. Management has performed an impairment analysis as of March 31, 2016 and has concluded its investment in OPS is not impaired at this time. The Company will continue to closely monitor the operations of OPS and review its investment for impairment whenever events or changes in circumstances indicate a loss in the value of the investment may be other than temporary.

Other Assets

Other Assets	12 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	5. Other Assets Other assets at March 31, 2016 and 2015 consist of the following: March 31, March 31, 2016 2015 Workers' compensation insurance $ 1,258,066 $ 2,603,209 Other receivables 44,958 6,000 Security deposits 140,019 159,100 Deferred tax asset 5,153,464 3,239,902 6,596,507 6,008,211 Current portion (2,184,465) (3,283,195) Total non-current portion $ 4,412,042 $ 2,725,016 The other asset workers’ compensation insurance represents the net amount of the payments made to cover the workers’ compensation insurance premium against the actual premium due as well as the difference in the amount deposited to the loss fund less the estimated workers’ compensation claims and reserves related to the historical loss claims as well as the estimates related to the incurred but not reported claims. There is no offsetting claim liability reported as the Company has determined that there is a sufficient amount deposited into the loss funds to cover the estimated claims reserve as well as the estimate related to the incurred but not reported claims.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Accrued Expenses and Other Liabilities	6. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities at March 31, 2016 and 2015 consist of the following: March 31, March 31, 2016 2015 Payroll and related expenses $ 5,530,554 $ 5,610,224 Taxes and fees payable 320,333 314,911 Accrued interest payable 4,756 1,921 Other 2,465,654 1,720,046 Total $ 8,321,297 $ 7,647,102

Borrowings

Borrowings	12 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Borrowings	7. Borrowings Short-term borrowings at March 31, 2016 and 2015 consist of the following: March 31, March 31, Line of credit $ 7,011,743 $ 6,000,000 On February 12, 2009, we entered into a $ 20.0 The Credit Agreement provides for a letter of credit sub-line in an aggregate amount of up to $ 3.0 1.50 1.75 On June 30, 2014, we entered into a fourth amendment (the “Fourth Amendment”) to our Credit Agreement. The Fourth Amendment provides for a Permitted Over-advance Amount (as defined in the Credit Agreement) in the amount of $ 2,125,000 265,625 531,250 2.00 On November 13, 2015, we entered into a fifth amendment (the “Fifth Amendment”) to our Credit Agreement. The Fifth Amendment amends a financial covenant of the Credit Agreement to allow for certain legal settlement costs associated with the Company’s settlement of a class action lawsuit (Leal v. Command Security Corporation). On February 12, 2016, we entered into a sixth amendment (the “Sixth Amendment” to our Credit Agreement). The Sixth Amendment amends the Credit Agreement to replace the “Minimum Debt Service Coverage Ratio” covenant with a “Minimum Excess Availability” covenant that is effective as of December 31, 2015. Under the Credit Agreement, as of March 31, 2016, the interest rate was 2.25 2.5 1.5 5.0 2.0 0.5 58.4 2.0 2.4 6.0 0.12 45.8

Income (Loss) per Share

Income (Loss) per Share	12 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	8. Income (Loss) per Share FASB ASC 718, Stock Compensation 103,793 203,215 The following is a reconciliation of the numerators and the denominators of the basic and diluted per-share computations for net income (loss) for the fiscal years ended March 31, 2016 and 2015: Income (Loss) Shares Per-Share (Numerator) (Denominator) Amount Year ended March 31, 2016 Basic and diluted EPS $ (2,656,323) 9,771,578 $ (0.27) Year ended March 31, 2015 Basic EPS $ 1,258,263 9,637,594 $ 0.13 Effect of dilutive shares: Options issued September 2005, October 2010, June 2011, September 2011, January 2012, April 2012, August 2012, November 2012, January 2013, June 2013, July 2013, July 2014 and December 2014 282,060 Diluted EPS $ 1,258,263 9,919,654 $ 0.13 For the fiscal year ended March 31, 2016, the Company reported a net loss and, accordingly, potential common shares that would cause dilution, such as employee stock options, have been excluded from the diluted share count because their inclusion would have been anti-dilutive. For the fiscal year ended March 31, 2016, the fully diluted shares would have been 10,020,208

Retirement Plans

Retirement Plans	12 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure	9. Retirement Plans In November 1999, we adopted a qualified retirement plan providing for elective employee deferrals and discretionary employer contributions to non-highly compensated participants. The plan was amended to allow for employer matching of elective deferrals, for certain employees working under a specific customer contracts, as defined. Our expense under this plan for the fiscal years ended March 31, 2016 and 2015 was $217,716 and $206,017, respectively.

Concentrations of Credit Risk a

Concentrations of Credit Risk and Significant Customer	12 Months Ended
	Mar. 31, 2016
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure	10. Concentrations of Credit Risk and Significant Customers Geographic concentrations of credit risk with respect to trade receivables are primarily in the New York Metropolitan area with approximately 43 30 31 45 34 55 46 45 14 13 40 15 10

Insurance Reserves

Insurance Reserves	12 Months Ended
	Mar. 31, 2016
Insurance [Abstract]
Insurance Disclosure	11. Insurance Reserves We have an insurance policy covering workers’ compensation claims in states where we perform services. Estimated accrued liabilities are based on our historical loss experience and the ratio of claims paid to our historical payout profiles. Charges for estimated workers’ compensation related losses incurred and included in cost of sales were $ 4.6 2.6 The nature of our business also subjects us to claims or litigation alleging that we are liable for damages as a result of the conduct of our employees or others. We insure against such claims and suits through general liability policies with third-party insurance companies. Our insurance coverage limits are currently $ 1.0 5.0 10.0 30.0 25,000 5,000 50,000 25,000 100,000 Cumulative amounts estimated to be payable by us with respect to pending and potential claims for all years in which we are liable under our general liability retention and workers’ compensation policies have been accrued as liabilities. Such accrued liabilities are necessarily based on estimates; accordingly, our ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resultant accrued liability are reviewed continually and any adjustments resulting therefrom are reflected in our current results of operations.

Contingencies

Contingencies	12 Months Ended
	Mar. 31, 2016
Loss Contingency [Abstract]
Contingencies Disclosure	12. Contingencies The nature of our business is such that there is a significant volume of routine claims and lawsuits that are made against us, the vast majority of which never lead to the award of substantial damages. We maintain general liability and workers’ compensation insurance coverage that we believe is appropriate to the relevant level of risk and potential liability that we face relating to these matters. Some of the claims brought against us could result in significant payments; however, the exposure to us under general liability non-aviation related operations is limited to the first $ 25,000 5,000 50,000 25,000 100,000 In March 2012, the California Service Employees Health and Welfare Trust Fund filed a suit in U.S. District Court for the Northern District of California against the Company seeking to maintain the payment of monthly health insurance contributions, which were stopped by the Company following the termination of the collective bargaining agreement. Venue was subsequently transferred to the U.S. District Court for the Central District of California. On July 31, 2014 the Court denied the plaintiffs’ motion for summary judgment and granted partial summary judgment in favor of the Company. While the parties stipulated to a proposed judgment within recorded reserves, the plaintiffs’ appealed the judgment before the Judge had issued a final Order, pending the outcome of the companion case filed in July 2012. In that case, the Service Employee International Union (SEIU) filed a lawsuit in U.S. District Court for the Northern District of California against the Company seeking the restoration of the collective bargaining agreement between SEIU and the Company following a majority vote of Aviation Safeguards employees in December 2011 to withdraw recognition of the union. On February 20, 2014, the U.S. District Court, Central District of California, ruled in favor of the Company and granted our motion for summary judgment in full, denied the plaintiffs’ motion for summary judgment and terminated the case. The plaintiffs filed their Notice of Appeal to the U.S. Court of Appeals for the Ninth Circuit on March 18, 2014 and both parties have subsequently filed appellate briefs. Oral arguments were held in March 2016 in the Ninth Circuit Court of Appeals. The appeal ruling is still pending. These cases involve a high degree of inherent uncertainty and, as such, the Company is unable to estimate the eventual amount of potential loss, if any, until developments in the case yield additional information sufficient to support a quantitative assessment of the range of reasonably probable loss. At this time it is not possible to predict the outcome of this appeal or the potential cost if the plaintiffs were to prevail, however, the potential cost to the company could be material. On April 29, 2014, the California Superior Court granted a plaintiff’s motion (Leal v. Command Security Corporation) to certify a class consisting of all persons who were employed by the Company in a non-exempt security officer position within the State of California at any time since May 2, 2007 through the date of trial who agreed to and signed an on-duty meal period agreement at the time of their employment. The case is a certified class action involving allegations that the Company violated certain California state laws relating to on-duty meal and rest breaks. On November 12, 2015, the Company agreed to a maximum settlement amount of $ 2.0 50 The Leal v. Command Security Corporation lawsuit is one of numerous class action lawsuits filed during the past year against security guard companies in California related to meal and rest break regulations. The Company aggressively defended its position in this case; however, given the current environment in California regarding similar lawsuits, the Company believes that settling this matter under these terms provides a favorable outcome. In addition, the Company considered its assessment of the cost to continue to defend the case through trial and a potential appeal in its decision to settle. While the parties have established a maximum settlement amount at $2.0 million, the Company recorded a $ 1.4 In addition to such cases, we have been named as a defendant in several uninsured employment related claims that are pending before various courts, the Equal Employment Opportunities Commission or various state and local agencies. We have instituted policies to minimize these occurrences and monitor those that do occur. At this time, we are unable to determine the impact on the financial position and results of operations that these claims may have, should the investigations conclude that they are valid. We have employment agreements with certain of our officers and key employees with terms which range from one to three years. The agreements generally provide for annual salaries and for salary continuation for a specified number of months under certain circumstances, including a change in control of the Company. Approximately 30

Commitments

Commitments	12 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure	13. Commitments Leases We are obligated under various operating lease agreements for office space, equipment and auto rentals. Rent expense under operating lease agreements approximated $ 2.39 2.29 There are no future minimum payments under long-term non-cancelable capital lease agreements. The future minimum payments under long-term non-cancelable operating lease agreements are as follows: Operating Leases Year ending: March 31, 2017 $ 1,477,239 March 31, 2018 1,309,477 March 31, 2019 1,009,036 March 31, 2020 593,371 March 31, 2021 481,867 Thereafter 1,265,354 Total $ 6,136,344

Stock Option Plans and Warrants

Stock Option Plans and Warrants	12 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Plans and Warrants	14. Stock Option Plans and Warrants In November 2000, the Company's Board of Directors and stockholders approved the adoption of a qualified stock option plan. Under the stock option plan, substantially all employees are eligible to receive options to purchase up to an aggregate of 500,000 205,000 55,600 2.40 In September 2005, the Company’s Board of Directors and stockholders approved the adoption of a qualified stock incentive plan. Under the stock incentive plan, substantially all employees of and consultants to, the Company, are eligible to receive options to purchase up to an aggregate of 1,000,000 80,000 65,000 75,095 61,054 1.23 252,353 208,031 1.21 500 1.23 Options Exercise Expiration Date 10,000 2.67 September 19, 2016 15,000 3.00 April 11, 2017 10,000 3.19 September 19, 2017 13,753 3.36 September 17, 2018 500,000 3.37 September 28, 2018 14,233 3.08 December 30, 2018 In September 2009, the Company’s Board of Directors and stockholders approved the adoption of a qualified stock incentive plan. Under the stock incentive plan, substantially all employees of and consultants to, the Company, are eligible to receive options to purchase up to an aggregate of 2,250,000 116,283 120,000 31,624 74,616 169,683 109,553 120,000 928,817 120,000 370,000 28,587 17,867 1.60 Options Exercise Expiration Date 18,425 $ 3.08 December 30, 2018 35,000 2.40 May 26, 2020 50,000 2.01 October 20, 2020 50,000 1.50 June 8, 2021 95,000 1.42 September 12, 2021 240,000 1.64 January 2, 2022 180,000 2.30 January 2, 2022 180,000 3.00 January 2, 2022 95,000 1.28 April 4, 2022 159,490 1.52 November 26, 2022 165,000 1.91 January 16, 2023 70,000 1.61 June 2, 2023 50,000 1.43 July 21, 2023 120,000 1.80 July 16, 2024 120,000 3.25 December 15, 2024 30,000 1.92 December 15, 2024 100,000 1.79 December 22, 2024 50,000 1.65 August 16, 2025 Certain of the option and warrant agreements contain anti-dilution adjustment clauses. Options Exercise Number of Price Shares Outstanding at March 31, 2014 $ 1.21 - $3.37 2,337,606 Issued $ 1.79 - $3.25 370,000 Exercised $ 1.21 - $1.60 (226,398) Outstanding at March 31, 2015 $ 1.21 - $3.37 2,481,208 Issued $ 1.65 50,000 Exercised $ 1.23 (61,054) Repurchased $ 1.52 (28,643) Forfeited 1.21 – 2.40 (15,010) Outstanding at March 31, 2016 $ 1.28 - $3.37 2,426,501 At March 31, 2016 there were 2,426,501 1.28 3.37 2,623,666 28,585 20 Weighted Weighted Average Average Range of Options Options Exercise Remaining Exercise Price Outstanding Exercisable Price Life (years) $ 1.28 - $3.37 2,426,501 2,365,876 $ 2.31 5.6 The total intrinsic value of options outstanding as of March 31, 2016 was approximately $ 843,000 0.46 0.25 0.57 2016 2015 Risk-free interest rate 1.37 % 1.64 - 1.70 % Years until exercise 5.00 5.00 Volatility 28.7 % 30.5 – 33.2 % Dividend yield 0.00 % 0.00 % Termination rate n/a n/a FASB ASC 718, Stock Compensation The Company recorded total stock based compensation costs of $ 103,793 203,215

Income Taxes

Income Taxes	12 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure	15. Income Taxes 2016 2015 Current: Federal $ 182,479 $ 776,890 State and local 91,083 165,890 273,562 942,780 Deferred: Federal (1,560,459) 30,670 State and local (353,103) 6,550 (1,913,562) 37,220 Net provision for (benefit from) income taxes $ (1,640,000) $ 980,000 2016 2015 Statutory federal income tax rate 34.0 % 34.0 % State and local income taxes 7.3 % 7.3 % Permanent differences (2.9) % 8.1 % Minority investment in unconsolidated affiliate 1.1 % (5.2) % Other (1.3) % (0.4) % Effective tax rate 38.2 % 43.8 % The Company is unable to determine if the earnings from the minority investment in the unconsolidated affiliate are permanently invested outside of the United States. Therefore, the Company has recognized income taxes and the related foreign tax credits on the foreign operations of these earnings. The earnings on the foreign operations of the minority investment in the unconsolidated affiliate will become taxable in the United States only to the extent that distributions are received by the Company. 2016 2015 Amortization of Customer Lists $ 219,471 (2.1) % $ 219,471 4.0 % Other non-deductible expenses 75,879 (0.8) % 217,052 4.0 % Deferred tax charge — expired stock options - (0.0) % 2,940 0.1 % Total $ 295,350 (2.9) % $ 439,463 8.1 % The permanent difference for amortization of customer lists arose through the acquisition of a business structured as a stock purchase. The Company amortizes the value of these customer lists for financial statement purposes, but is not allowed to deduct amortization of the customer lists for tax purposes. Other nondeductible expenses include meals, entertainment and penalties. The deferred tax charge reverses deferred tax assets established when the stock options were expensed. The Company records an expense for financial statement purposes for the fair value of the options over the vesting period of the options, net of deferred taxes. For tax purposes, the Company is unable to deduct the expense related to the stock options unless, and until, the stock options are exercised. The tax deductibility is calculated as the difference between the option exercise price and the fair value of the stock on the date of exercise. When the tax deductible amount is less than the amount originally expensed for financial statement purposes, the difference must be expensed through a charge to deferred tax expense. 2016 2015 Current deferred tax assets: Accrued expenses $ 324,338 $ 420,606 Litigation settlement 288,820 - Accounts receivable 268,283 253,380 Net current deferred tax assets $ 881,441 $ 673,986 Non-current deferred tax assets (liabilities): Workers’ compensation reserve $ 3,083,094 $ 1,589,460 Employee stock compensation 444,842 414,390 Intangible assets 325,532 312,457 Litigation settlement 288,820 - Insurance reserves 252,702 241,192 Accrued expenses 66,230 144,254 Capital loss carry-forward 54,672 54,672 Minority investment in unconsolidated affiliate (93,400) - Equipment (95,797) (135,837) Net non-current deferred tax assets $ 4,326,695 $ 2,620,588 Allowance for deferred tax asset related to capital loss carry-forward (54,672) (54,672) Total deferred tax assets $ 5,153,464 $ 3,239,902 As of March 31, 2016, we have fully reserved for a capital loss carry-forward in the amount of $ 132,500 Fiscal years 2013 2016 2012

Issuer Purchases of Equity Secu

Issuer Purchases of Equity Securities	12 Months Ended
	Mar. 31, 2016
Class of Stock Disclosures [Abstract]
Treasury Stock	16. Issuer Purchases of Equity Securities Under active stock repurchase programs, we may repurchase up to $ 4,000,000 During the fiscal years ended March 31, 2016 and 2015 the Company did not repurchase any shares under these programs. Total Amount Maximum Total Number as part of may yet be Period of Shares Average Price Announced under the December 8 - 16, 2011 136,600 $ 1.52 $ 208,363 $ 1,791,637 February 13 - 21, 2012 1,075,000 $ 1.64 $ 1,975,353 $ 24,647 December 1 - 31, 2012 677,200 $ 1.60 $ 3,058,873 $ 941,127 1,888,800 $ 1.62

Schedule II SCHEDULE OF VALUATI

Schedule II SCHEDULE OF VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Mar. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure	COMMAND SECURITY CORPORATION SCHEDULE OF VALUATION AND QUALIFYING ACCOUNTS Balance at Additions Additions Balance at of Period Expenses Reserve Period Year ended March 31, 2016: Deducted from asset accounts: Allowance for doubtful accounts receivable - current maturities $ 614,105 $ 426,752 $ (390,631) $ 650,226 Year ended March 31, 2015: Deducted from asset accounts: Allowance for doubtful accounts receivable - current maturities $ 627,711 $ (130,059) $ 116,453 $ 614,105

Business Description and Summ24

Business Description and Summary of Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Principal Business Activities	Principal Business Activities We are a security services company which principally provides uniformed security officers and aviation security services to commercial, financial, industrial, aviation and governmental customers throughout the United States. We provide our security services to our customers through Command Security, our security division, and our aviation security services through our Aviation Safeguards division. The Company has operations in California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Virginia, Washington, and West Virginia.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses during the reporting period. The estimates that we make include allowances for doubtful accounts, depreciation and amortization, income tax assets and insurance reserves. Estimates are based on historical experience, where applicable or other assumptions that our management believes are reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, our actual results may differ from those estimates under different assumptions or conditions.
Revenue Recognition	Revenue Recognition We record revenue as services are provided to our customers. Revenue relates primarily to the provision of aviation and security services, which are typically billed at hourly rates. These rates may vary depending on base, overtime and holiday time worked. Revenue is reported net of applicable taxes.
Cash and Cash Equivalents	Cash and Cash Equivalents We define cash and cash equivalents as operating cash (non-restricted) and highly liquid investments with maturities of ninety (90) days or less at the date of purchase. The carrying amounts of our cash equivalents approximate their fair values.
Accounts Receivables	Accounts Receivable We periodically evaluate the requirement for providing for billing adjustments and/or reflect the extent to which we will be able to collect our accounts receivable. We provide for billing adjustments where management determines that there is a likelihood of a significant adjustment for disputed billings. Criteria used by management to evaluate the adequacy of the allowance for doubtful accounts include, among others, the creditworthiness of the customer, current trends, prior payment performance, the age of the receivables and our overall historical loss experience. Individual accounts are charged off against the allowance as management deems them to be uncollectible.
Minority Investment in Unconsolidated Affiliate	Minority Investment in Unconsolidated Affiliate The Company uses the equity method to account for its investment in Ocean Protection Services, LLC. Equity method investments are recorded at original cost and adjusted periodically to recognize: (i) our proportionate share of investees’ net income or losses after the date of the investment; (ii) additional contributions made or distributions received; and (iii) impairment losses resulting from adjustments to net realizable value. The Company reviews its investment accounted for under the equity method of accounting for impairment whenever events or changes in circumstances indicate a loss in the value of the investment may be other than temporary.
Furniture and Equipment	Furniture and Equipment Furniture and equipment are stated at cost. Depreciation is generally recorded using the straight-line method over estimated useful lives of the equipment ranging from three to seven years.
Intangible Assets	Intangible Assets Intangible assets are stated at cost and consist primarily of customer lists that are being amortized on a straight-line basis over a period of ten years, and goodwill, which is reviewed annually for impairment. The life assigned to customer lists acquired is based on management's estimate of our expected customer attrition rate. The attrition rate is estimated based on historical contract longevity and management's operating experience. We test for impairment annually or when events and circumstances warrant such a review, if earlier. Any potential impairment is evaluated based on anticipated undiscounted future cash flows and actual customer attrition in accordance with FASB ASC 360, Property, Plant and Equipment
Insurance Reserves	General liability estimated accrued liabilities are calculated on an undiscounted basis based on actual claim data and estimates of incurred but not reported claims developed utilizing historical claim trends. Projected settlements and incurred but not reported claims are estimated based on pending claims, historical trends and related data. Workers’ compensation annual costs are comprised of premiums as well as incurred losses as determined at the end of the coverage period, subject to minimum and maximum amounts. Workers’ compensation insurance claims and reserves include accruals of estimated settlements for known claims, as well as accruals of estimates for claims incurred but not yet reported as provided by a third party. In estimating these accruals, we consider historical loss experience and make judgments about the expected levels of costs per claim. We believe our estimates of future liability are reasonable based upon our methodology; however, changes in health care costs, accident frequency and severity and other factors could materially affect the estimate for these liabilities. The Company continually monitors changes in claim type and incident and evaluates the workers’ compensation insurance accrual, making necessary adjustments based on the evaluation of these qualitative data points. The Company is self-insured up to certain stop loss amounts for worker’s compensation claims. The Company has purchased stop loss coverage that insures individual claims that exceed $ 500,000 6.2 6.5 The Company’s workers’ compensation insurance premiums (including loss fund deposits, surcharges, assessments, broker’s fees and excluding loss fund handling charges) were $ 3.25 3.34 44,826 79,750
Income Taxes	Income Taxes Income taxes are based on income (loss) for financial reporting purposes and reflect a current tax liability (asset) for the estimated taxes payable (recoverable) in the current year tax return and changes in deferred taxes. Deferred tax assets or liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities and are measured using enacted tax laws and rates. A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not that the asset will not be realized. We recognize the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. In the event that interest and/or penalties are assessed in connection with our tax filings, interest will be recorded as interest expense and penalties as selling, general and administrative expense. We did not have any unrecognized tax benefits as of March 31, 2016 and 2015.
Income per Share	Income (Loss) per Share Under the requirements of FASB ASC 260, Earnings per Share For the fiscal year ended March 31, 2016, the Company reported a net loss and, accordingly, potential common shares that would cause dilution, such as employee stock options, have been excluded from the diluted share count because their inclusion would have been anti-dilutive.
Stock-Based Compensation	FASB ASC 718, Stock Compensation
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying value of cash, accounts receivable, prepaid expenses, checks issued in advance of deposits, accounts payable and accrued expenses are reasonable estimates of the fair values because of their short-term maturity. The fair value of the Company's long-term debt is based on the borrowing rates currently available to the Company for loans and leases with similar terms and average maturities. FASB ASC 820, Fair Value Measurements and Disclosures · Level 1, defined as observable inputs such as quoted prices in active markets for identical assets; · Level 2, defined as observable inputs other than Level 1 prices such as quoted prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and · Level 3, defined as unobservable inputs in which little or no market data exists; therefore requiring an entity to develop its own assumptions.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB and the International Accounting Standards Board (IASB) issued, ASU 2014-09 (Topic 606) Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, “Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs.” This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. This pronouncement is effective for fiscal and interim periods beginning after December 15, 2015. Other than requiring a different presentation within the balance sheet, the adoption of this ASU is not expected to have a material impact on our financial statements. In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”. ASU 2015-17 simplifies the presentation of deferred taxes by requiring deferred tax assets and liabilities to be classified as non-current on the balance sheet. ASU 2015-17 is effective for public companies for annual reporting periods beginning after December 15, 2016, and interim periods within those fiscal years. The guidance may be adopted prospectively or retrospectively and early adoption is permitted. The Company is currently evaluating the impact of this guidance. Other than the reclassification of the current deferred tax asset to long term assets, the adoption of this guidance is not expected to have a material impact on the Company's financial position, results of operations, or cash flows. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which requires lessees to recognize a lease liability and a right-to-use asset on the balance sheet for all leases, except certain short-term leases. ASU 2016-02 is effective beginning with the Company’s fiscal year 2020, with early adoption permitted, and must be implemented using a modified retrospective approach for all leases existing at, or entered into after the beginning of the earliest comparative period that is presented in the financial statements. The Company is currently evaluating the impact of ASU 2016-09 on its financial statements. The adoption of this guidance is expected to result in a significant increase in assets and liabilities on the Company’s balance sheet. In March 2016, the FASB issued ASU No. 2016-09, “Improvements to Employee Share-Based Payment Accounting”, which simplifies accounting and presentation of share-based payments, primarily relating to the recognition and classification of excess tax benefits, accounting for forfeitures and tax withholding requirements. ASU 2016-09 is effective beginning with the Company’s fiscal year 2018, with early adoption permitted and different permitted adoption methods for each provision of the standard. The Company is currently evaluating the impact of ASU 2016-09 on its financial statements.

Furniture and Equipment (Tables

Furniture and Equipment (Tables)	12 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Furniture and Equipment	2016 2015 Transportation equipment $ 232,954 $ 232,954 Security equipment 1,347,003 1,306,403 Office furniture and equipment 2,774,658 2,790,607 4,354,615 4,329,964 Accumulated depreciation (4,096,458) (3,946,104) Total $ 258,157 $ 383,860

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	2016 2015 Customer Lists $ 4,274,915 $ 4,274,915 Goodwill 895,258 895,258 5,170,173 5,170,173 Accumulated amortization (3,805,207) (3,406,368) Total $ 1,364,966 $ 1,763,805

Minority Investment in Uncons27

Minority Investment in Unconsolidated Affiliate (Tables)	12 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Investment	Capital contributions $ 2,125,000 Cumulative share of income 570,291 Cumulative share of distributions - Investment balance - March 31, 2016 $ 2,695,291
Schedule of Summarized Financial Information	December 31, December 31, 2015 2014 Current assets $ 2,415,252 $ 3,992,357 Goodwill 10,441,941 10,663,390 Other non-current assets 236,066 324,221 Total assets $ 13,093,259 $ 14,979,968 Current liabilities $ 4,349,785 $ 4,237,190 Non-current liabilities 4,459,298 7,487,404 Shareholders' equity 4,284,176 3,255,374 Total liabilities and shareholders' equity $ 13,093,259 $ 14,979,968 2015 2014 Net operating revenues $ 12,571,572 $ 14,975,913 Gross profit $ 4,117,222 $ 4,586,547 Operating expenses $ 2,638,364 $ 2,244,054 Net income from continuing operations $ 1,086,486 $ 1,584,174

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Mar. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	March 31, March 31, 2016 2015 Workers' compensation insurance $ 1,258,066 $ 2,603,209 Other receivables 44,958 6,000 Security deposits 140,019 159,100 Deferred tax asset 5,153,464 3,239,902 6,596,507 6,008,211 Current portion (2,184,465) (3,283,195) Total non-current portion $ 4,412,042 $ 2,725,016

Accrued Expenses and Other Li29

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Mar. 31, 2016
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	March 31, March 31, 2016 2015 Payroll and related expenses $ 5,530,554 $ 5,610,224 Taxes and fees payable 320,333 314,911 Accrued interest payable 4,756 1,921 Other 2,465,654 1,720,046 Total $ 8,321,297 $ 7,647,102

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Short-term Debt	March 31, March 31, Line of credit $ 7,011,743 $ 6,000,000

Income (Loss) per Share (Tables

Income (Loss) per Share (Tables)	12 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Income (Loss) Shares Per-Share (Numerator) (Denominator) Amount Year ended March 31, 2016 Basic and diluted EPS $ (2,656,323) 9,771,578 $ (0.27) Year ended March 31, 2015 Basic EPS $ 1,258,263 9,637,594 $ 0.13 Effect of dilutive shares: Options issued September 2005, October 2010, June 2011, September 2011, January 2012, April 2012, August 2012, November 2012, January 2013, June 2013, July 2013, July 2014 and December 2014 282,060 Diluted EPS $ 1,258,263 9,919,654 $ 0.13

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Operating Leases Year ending: March 31, 2017 $ 1,477,239 March 31, 2018 1,309,477 March 31, 2019 1,009,036 March 31, 2020 593,371 March 31, 2021 481,867 Thereafter 1,265,354 Total $ 6,136,344

Stock Option Plans and Warran33

Stock Option Plans and Warrants (Tables)	12 Months Ended
	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Option Activity	Options Exercise Number of Price Shares Outstanding at March 31, 2014 $ 1.21 - $3.37 2,337,606 Issued $ 1.79 - $3.25 370,000 Exercised $ 1.21 - $1.60 (226,398) Outstanding at March 31, 2015 $ 1.21 - $3.37 2,481,208 Issued $ 1.65 50,000 Exercised $ 1.23 (61,054) Repurchased $ 1.52 (28,643) Forfeited 1.21 – 2.40 (15,010) Outstanding at March 31, 2016 $ 1.28 - $3.37 2,426,501
Summary of Options Outstanding and Exercisable	Weighted Weighted Average Average Range of Options Options Exercise Remaining Exercise Price Outstanding Exercisable Price Life (years) $ 1.28 - $3.37 2,426,501 2,365,876 $ 2.31 5.6
Summary of Option Fair Value Assumptions	2016 2015 Risk-free interest rate 1.37 % 1.64 - 1.70 % Years until exercise 5.00 5.00 Volatility 28.7 % 30.5 – 33.2 % Dividend yield 0.00 % 0.00 % Termination rate n/a n/a
Plan One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Option Activity	Options Exercise Expiration Date 10,000 2.67 September 19, 2016 15,000 3.00 April 11, 2017 10,000 3.19 September 19, 2017 13,753 3.36 September 17, 2018 500,000 3.37 September 28, 2018 14,233 3.08 December 30, 2018
Plan Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary of Stock Option Activity	Options Exercise Expiration Date 18,425 $ 3.08 December 30, 2018 35,000 2.40 May 26, 2020 50,000 2.01 October 20, 2020 50,000 1.50 June 8, 2021 95,000 1.42 September 12, 2021 240,000 1.64 January 2, 2022 180,000 2.30 January 2, 2022 180,000 3.00 January 2, 2022 95,000 1.28 April 4, 2022 159,490 1.52 November 26, 2022 165,000 1.91 January 16, 2023 70,000 1.61 June 2, 2023 50,000 1.43 July 21, 2023 120,000 1.80 July 16, 2024 120,000 3.25 December 15, 2024 30,000 1.92 December 15, 2024 100,000 1.79 December 22, 2024 50,000 1.65 August 16, 2025

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	2016 2015 Current: Federal $ 182,479 $ 776,890 State and local 91,083 165,890 273,562 942,780 Deferred: Federal (1,560,459) 30,670 State and local (353,103) 6,550 (1,913,562) 37,220 Net provision for (benefit from) income taxes $ (1,640,000) $ 980,000
Schedule of Effective Income Tax Rate Reconciliation	2016 2015 Statutory federal income tax rate 34.0 % 34.0 % State and local income taxes 7.3 % 7.3 % Permanent differences (2.9) % 8.1 % Minority investment in unconsolidated affiliate 1.1 % (5.2) % Other (1.3) % (0.4) % Effective tax rate 38.2 % 43.8 %
Schedule Of Income Tax Reconciliation Permanent Differences	2016 2015 Amortization of Customer Lists $ 219,471 (2.1) % $ 219,471 4.0 % Other non-deductible expenses 75,879 (0.8) % 217,052 4.0 % Deferred tax charge — expired stock options - (0.0) % 2,940 0.1 % Total $ 295,350 (2.9) % $ 439,463 8.1 %
Schedule of Deferred Tax Assets and Liabilities	2016 2015 Current deferred tax assets: Accrued expenses $ 324,338 $ 420,606 Litigation settlement 288,820 - Accounts receivable 268,283 253,380 Net current deferred tax assets $ 881,441 $ 673,986 Non-current deferred tax assets (liabilities): Workers’ compensation reserve $ 3,083,094 $ 1,589,460 Employee stock compensation 444,842 414,390 Intangible assets 325,532 312,457 Litigation settlement 288,820 - Insurance reserves 252,702 241,192 Accrued expenses 66,230 144,254 Capital loss carry-forward 54,672 54,672 Minority investment in unconsolidated affiliate (93,400) - Equipment (95,797) (135,837) Net non-current deferred tax assets $ 4,326,695 $ 2,620,588 Allowance for deferred tax asset related to capital loss carry-forward (54,672) (54,672) Total deferred tax assets $ 5,153,464 $ 3,239,902

Issuer Purchases of Equity Se35

Issuer Purchases of Equity Securities (Tables)	12 Months Ended
	Mar. 31, 2016
Class of Stock Disclosures [Abstract]
Class of Treasury Stock	Total Amount Maximum Total Number as part of may yet be Period of Shares Average Price Announced under the December 8 - 16, 2011 136,600 $ 1.52 $ 208,363 $ 1,791,637 February 13 - 21, 2012 1,075,000 $ 1.64 $ 1,975,353 $ 24,647 December 1 - 31, 2012 677,200 $ 1.60 $ 3,058,873 $ 941,127 1,888,800 $ 1.62

Business Description and Summ36

Business Description and Summary of Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Operating Insurance and Claims Costs, Production	$ 3,250,000		$ 3,340,000
General Insurance Expense		$ 44,826	79,750
Finite-Lived Intangible Asset, Useful Life		10 years
Maximum [Member]
Property, Plant and Equipment, Useful Life		7 years
Minimum [Member]
Property, Plant and Equipment, Useful Life		3 years
Individual Claims [Member]
Workers Compensation Stop Loss Insurance Thres hold		$ 500,000
Aggregate Claims [Member]
Workers Compensation Stop Loss Insurance Thres hold	$ 6,200,000		$ 6,500,000

Furniture and Equipment (Detail

Furniture and Equipment (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Property, Plant and Equipment, Gross, Total	$ 4,354,615	$ 4,329,964
Accumulated depreciation	(4,096,458)	(3,946,104)
Property, Plant and Equipment, Net, Total	258,157	383,860
Security Equipment [Member]
Property, Plant and Equipment, Gross, Total	1,347,003	1,306,403
Transportation Equipment [Member]
Property, Plant and Equipment, Gross, Total	232,954	232,954
Office Equipment [Member]
Property, Plant and Equipment, Gross, Total	$ 2,774,658	$ 2,790,607

Furniture and Equipment (Deta38

Furniture and Equipment (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Depreciation, Total	$ 178,186	$ 243,349

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Customer Lists	$ 4,274,915	$ 4,274,915
Goodwill	895,258	895,258
Intangible Assets Gross Including Financial Assets And Goodwill	5,170,173	5,170,173
Accumulated amortization	(3,805,207)	(3,406,368)
Total	$ 1,364,966	$ 1,763,805

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill And Intangible Assets Amortization Expense Year Two	$ 106,680
Goodwill And Intangible Assets Amortization Expense Year Three	26,644
Goodwill, Gross	895,258	$ 895,258
Amortization, Total	398,839	$ 399,351
Goodwill And Intangible Assets Amortization Next Twelve Months	$ 336,384

Minority Investment in Uncons41

Minority Investment in Unconsolidated Affiliate (Details)	12 Months Ended
	Mar. 31, 2016USD ($)
Capital contributions	$ 2,630,000
Cumulative share of income	570,291
Cumulative share of distributions	0
Investment balance - March 31, 2016	$ 2,695,291

Minority Investment in Uncons42

Minority Investment in Unconsolidated Affiliate (Details 1) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current assets	$ 2,415,252	$ 3,992,357
Goodwill	10,441,941	10,663,390
Other non-current assets	236,066	324,221
Total assets	13,093,259	14,979,968
Current liabilities	4,349,785	4,237,190
Non-current liabilities	4,459,298	7,487,404
Shareholders' equity	4,284,176	3,255,374
Total liabilities and shareholders' equity	$ 13,093,259	$ 14,979,968

Minority Investment in Uncons43

Minority Investment in Unconsolidated Affiliate (Details 2) - USD ($)	10 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Net operating revenues	$ 14,975,913	$ 12,571,572
Gross profit	4,586,547	4,117,222
Operating expenses	2,244,054	2,638,364
Net income from continuing operations	$ 1,584,174	$ 1,086,486

Minority Investment in Uncons44

Minority Investment in Unconsolidated Affiliate (Details Textual) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2016	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Equity Method Investments		$ 2,695,291	$ 2,695,291		$ 2,630,000
Equity Method Investment, Summarized Financial Information, Percentage of Decrease in Revenue				16.10%
Equity Method Investment, Summarized Financial Information, Percentage of Decrease in Gross Profit						10.20%
Equity Method Investment, Summarized Financial Information, Percentage of Decrease in Net Income Loss						31.40%
Equity Method Investment, Summarized Financial Information, Percentage Of Gross Profit On Revenues				32.80%		30.60%
Income (Loss) from Equity Method Investments		$ 71,013	$ 65,291		$ 505,000
Ocean Protection Services [Member]
Equity Method Investment, Ownership Percentage	20.00%
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Stock Issued During Period, Shares, Acquisitions	2,000
Equity Method Investments	$ 2,125,000

Other Assets (Details)

Other Assets (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Workers' compensation insurance	$ 1,258,066	$ 2,603,209
Other receivables	44,958	6,000
Security deposits	140,019	159,100
Deferred tax asset	5,153,464	3,239,902
Other assets, total	6,596,507	6,008,211
Current portion	2,184,465	3,283,195
Total non-current portion	$ 4,412,042	$ 2,725,016

Accrued Expenses and Other Li46

Accrued Expenses and Other Liabilities (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Payroll and related expenses	$ 5,530,554	$ 5,610,224
Taxes and fees payable	320,333	314,911
Accrued interest payable	4,756	1,921
Other	2,465,654	1,720,046
Total	$ 8,321,297	$ 7,647,102

Borrowings (Details)

Borrowings (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Short-term Debt [Line Items]
Short-term borrowings	$ 7,011,743	$ 6,000,000
Line of Credit [Member]
Short-term Debt [Line Items]
Short-term borrowings	$ 7,011,743	$ 6,000,000

Borrowings (Details Textual)

Borrowings (Details Textual) - USD ($)	Feb. 12, 2009	Jun. 30, 2014	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2014
Short-term Debt [Line Items]
Line Of Credit Facility Outstanding Borrowing Percentage			45.80%
Cash and Cash Equivalents, at Carrying Value, Total			$ 2,435,839	$ 1,486,854	$ 3,470,427
Long-term Line of Credit			6,000,000
Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Long-term Line of Credit				$ 2,000,000
Debt Instrument, Interest Rate, Stated Percentage				2.50%
London Interbank Offered Rate Loans [Member]
Short-term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Long-term Line of Credit				$ 5,000,000
Letter Of Credit Sub Line [Member]
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 3,000,000
Long-term Line of Credit			$ 120,000	500,000
Wells Fargo Credit Agreement [Member]
Short-term Debt [Line Items]
Debt Instrument Permitted Over Advance Amount		$ 2,125,000		$ 531,250
Debt Instrument Decrease In Permitted Over Advance On First Day Of Each Fiscal Quarter Beginning Specified Period		$ 265,625
Line Of Credit Facility Outstanding Borrowing Percentage				58.40%
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000
Debt Instrument, Basis Spread on Variable Rate		2.00%
Debt Instrument, Interest Rate, Stated Percentage				2.25%
LIBOR [Member] | Over Advance [Member]
Short-term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.00%

Income (Loss) per Share (Detail

Income (Loss) per Share (Details) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income (Loss) (Numerator)
Basic EPS		$ 1,258,263
Basic and diluted EPS	$ (2,656,323)	1,258,263
Effect of dilutive shares:
Diluted EPS		$ 1,258,263
Shares (Denominator)
Basic EPS	9,771,578	9,637,594
Basic and diluted EPS	9,771,578
Effect of dilutive shares:
Options issued		282,060
Diluted EPS	9,771,578	9,919,654
Per-Share Amount
Basic EPS	$ (0.27)	$ 0.13
Diluted EPS	(0.27)	$ 0.13
Basic and diluted EPS	$ (0.27)

Income (Loss) per Share (Deta50

Income (Loss) per Share (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,020,208
Share-based Compensation, Total	$ 103,793	$ 203,215

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Defined Contribution Plan, Cost Recognized	$ 217,716	$ 206,017

Concentrations of Credit Risk52

Concentrations of Credit Risk and Significant Customers (Details Textual)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Trade Accounts Receivable [Member] | CALIFORNIA | Geographic Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	30.00%	31.00%
Trade Accounts Receivable [Member] | NEW YORK | Geographic Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	43.00%	43.00%
Sales Revenue, Services, Net [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	45.00%	40.00%
Sales Revenue, Services, Net [Member] | Aviation And Related Services | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	45.00%	34.00%
Sales Revenue, Services, Net [Member] | Customer One [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	14.00%	15.00%
Sales Revenue, Services, Net [Member] | Customer Two [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	13.00%	10.00%
Accounts Receivable [Member] | Commercial and Industrial Sector [Member] | Credit Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	55.00%	46.00%

Insurance Reserves (Details Tex

Insurance Reserves (Details Textual) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Increase (Decrease) in Workers' Compensation Liabilities	$ 4,600,000	$ 2,600,000
Non Aviation Related Business [Member]
Segment Reporting Information [Line Items]
Insurance Policy Coverage Per Occurrence	1,000,000
Umbrella Insurance Policy Coverage Per Occurrence	5,000,000
Excess Liability Insurance Policy Coverage Per Occurrence	10,000,000
Self Insured Amount Per Occurrence	25,000	25,000
Aviation Related Business [Member]
Segment Reporting Information [Line Items]
Insurance Policy Coverage Per Occurrence	30,000,000
Self Insured Amount Per Occurrence	5,000	5,000
Aircraft Operations [Member]
Segment Reporting Information [Line Items]
Self Insured Amount Per Occurrence	25,000	25,000
Skycap Operations [Member]
Segment Reporting Information [Line Items]
Self Insured Amount Per Occurrence	100,000	$ 100,000
Wheelchairs and Electric Carts [Member]
Segment Reporting Information [Line Items]
Self Insured Amount Per Occurrence	$ 50,000

Contingencies (Details Textual)

Contingencies (Details Textual) - USD ($)	Nov. 12, 2015	Sep. 30, 2015	Mar. 31, 2016	Mar. 31, 2015
Litigation Settlement, Amount	$ 2,000,000	$ 2,000,000
Litigation Settlement, Expense		$ 1,400,000	$ 1,400,000	$ 0
Litigation Settlement Percentage to be Distributed to Class	50.00%
Workforce Subject to Collective Bargaining Arrangements [Member] | Labor Force Concentration Risk [Member]
Concentration Risk, Percentage			30.00%
Non Aviation Related Business [Member]
Self Insured Amount Per Occurrence			$ 25,000	25,000
Aviation Related Business [Member]
Self Insured Amount Per Occurrence			5,000	5,000
Aircraft Operations [Member]
Self Insured Amount Per Occurrence			25,000	25,000
Skycap Operations [Member]
Self Insured Amount Per Occurrence			100,000	$ 100,000
Wheelchairs and Electric Carts [Member]
Self Insured Amount Per Occurrence			$ 50,000

Commitments (Details)

Commitments (Details)	Mar. 31, 2016USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
March 31, 2017	$ 1,477,239
March 31, 2018	1,309,477
March 31, 2019	1,009,036
March 31, 2020	593,371
March 31, 2021	481,867
Thereafter	1,265,354
Total	$ 6,136,344

Commitments (Details Textual)

Commitments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Leases, Rent Expense	$ 2,390	$ 2,290

Stock Option Plans and Warran57

Stock Option Plans and Warrants (Details)	12 Months Ended
	Mar. 31, 2016$ / sharesshares
Exercise Price One [Member] | Plan One [Member]
Options Outstanding | shares	10,000
Exercise Price | $ / shares	$ 2.67
Expiration Date	Sep. 19, 2016
Exercise Price One [Member] | Plan Two [Member]
Options Outstanding | shares	18,425
Exercise Price | $ / shares	$ 3.08
Expiration Date	Dec. 30, 2018
Exercise Price Two [Member] | Plan One [Member]
Options Outstanding | shares	15,000
Exercise Price | $ / shares	$ 3
Expiration Date	Apr. 11, 2017
Exercise Price Two [Member] | Plan Two [Member]
Options Outstanding | shares	35,000
Exercise Price | $ / shares	$ 2.40
Expiration Date	May 26, 2020
Exercise Price Three [Member] | Plan One [Member]
Options Outstanding | shares	10,000
Exercise Price | $ / shares	$ 3.19
Expiration Date	Sep. 19, 2017
Exercise Price Three [Member] | Plan Two [Member]
Options Outstanding | shares	50,000
Exercise Price | $ / shares	$ 2.01
Expiration Date	Oct. 20, 2020
Exercise Price Four [Member] | Plan One [Member]
Options Outstanding | shares	13,753
Exercise Price | $ / shares	$ 3.36
Expiration Date	Sep. 17, 2018
Exercise Price Four [Member] | Plan Two [Member]
Options Outstanding | shares	50,000
Exercise Price | $ / shares	$ 1.50
Expiration Date	Jun. 8, 2021
Exercise Price Five [Member] | Plan One [Member]
Options Outstanding | shares	500,000
Exercise Price | $ / shares	$ 3.37
Expiration Date	Sep. 28, 2018
Exercise Price Five [Member] | Plan Two [Member]
Options Outstanding | shares	95,000
Exercise Price | $ / shares	$ 1.42
Expiration Date	Sep. 12, 2021
Exercise Price Six [Member] | Plan One [Member]
Options Outstanding | shares	14,233
Exercise Price | $ / shares	$ 3.08
Expiration Date	Dec. 30, 2018
Exercise Price Six [Member] | Plan Two [Member]
Options Outstanding | shares	240,000
Exercise Price | $ / shares	$ 1.64
Expiration Date	Jan. 2, 2022
Exercise Price Seven [Member] | Plan Two [Member]
Options Outstanding | shares	180,000
Exercise Price | $ / shares	$ 2.30
Expiration Date	Jan. 2, 2022
Exercise Price Eight [Member] | Plan Two [Member]
Options Outstanding | shares	180,000
Exercise Price | $ / shares	$ 3
Expiration Date	Jan. 2, 2022
Exercise Price Nine [Member] | Plan Two [Member]
Options Outstanding | shares	95,000
Exercise Price | $ / shares	$ 1.28
Expiration Date	Apr. 4, 2022
Exercise Price Ten [Member] | Plan Two [Member]
Options Outstanding | shares	159,490
Exercise Price | $ / shares	$ 1.52
Expiration Date	Nov. 26, 2022
Exercise Price Eleven [Member] | Plan Two [Member]
Options Outstanding | shares	165,000
Exercise Price | $ / shares	$ 1.91
Expiration Date	Jan. 16, 2023
Exercise Price Twelve [Member] | Plan Two [Member]
Options Outstanding | shares	70,000
Exercise Price | $ / shares	$ 1.61
Expiration Date	Jun. 2, 2023
Exercise Price Thirteen [Member] | Plan Two [Member]
Options Outstanding | shares	50,000
Exercise Price | $ / shares	$ 1.43
Expiration Date	Jul. 21, 2023
Exercise Price Fourteen [Member] | Plan Two [Member]
Options Outstanding | shares	120,000
Exercise Price | $ / shares	$ 1.80
Expiration Date	Jul. 16, 2024
Exercise Price Fifteen [Member] | Plan Two [Member]
Options Outstanding | shares	120,000
Exercise Price | $ / shares	$ 3.25
Expiration Date	Dec. 15, 2024
Exercise Price Sixteen [Member] | Plan Two [Member]
Options Outstanding | shares	30,000
Exercise Price | $ / shares	$ 1.92
Expiration Date	Dec. 15, 2024
Exercise Price Seventeen [Member] | Plan Two [Member]
Options Outstanding | shares	100,000
Exercise Price | $ / shares	$ 1.79
Expiration Date	Dec. 22, 2024
Exercise Price Eighteen [Member] | Plan Two [Member]
Options Outstanding | shares	50,000
Exercise Price | $ / shares	$ 1.65
Expiration Date	Aug. 16, 2025

Stock Option Plans and Warran58

Stock Option Plans and Warrants (Details 1) - $ / shares	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Number of Shares
Outstanding Opening Balance	2,481,208	2,337,606
Issued	50,000	370,000
Exercised	(61,054)	(226,398)
Repurchased	(28,643)
Forfeited	(15,010)
Outstanding Ending Balance	2,426,501	2,481,208
Exercise Price
Issued	$ 1.65
Exercised	1.23
Repurchased	1.52
Maximum [Member]
Exercise Price
Outstanding Opening Balance	3.37	$ 3.37
Issued		3.25
Exercised		1.60
Forfeited	2.40
Outstanding Ending Balance	3.37	3.37
Minimum [Member]
Exercise Price
Outstanding Opening Balance	1.21	1.21
Issued		1.79
Exercised		1.21
Forfeited	1.21
Outstanding Ending Balance	$ 1.28	$ 1.21

Stock Option Plans and Warran59

Stock Option Plans and Warrants (Details 2)	12 Months Ended
	Mar. 31, 2016$ / sharesshares
Range of Exercise Price, minimum	$ 1.28
Range of Exercise Price, maximum	$ 3.37
Options Outstanding | shares	2,426,501
Weighted Average Options Exercisable | shares	2,365,876
Weighted Average Exercise Price	$ 2.31
Remaining Life (years)	5 years 7 months 6 days

Stock Option Plans and Warran60

Stock Option Plans and Warrants (Details 3)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Risk-free interest rate	1.37%
Risk-free interest rate, Minimum		1.64%
Risk-free interest rate, Maximum		1.70%
Years until exercise	5 years	5 years
Volatility, Minimum		30.50%
Volatility, Maximum		33.20%
Volatility	28.70%
Dividend yield	0.00%	0.00%

Stock Option Plans and Warran61

Stock Option Plans and Warrants (Details Textual) - USD ($)	1 Months Ended																	12 Months Ended
	Dec. 31, 2014	Jul. 31, 2014	Jul. 31, 2013	Jun. 30, 2013	Nov. 30, 2012	Aug. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Oct. 31, 2010	Jul. 31, 2010	May 31, 2010	Apr. 30, 2010	Sep. 30, 2007	Apr. 30, 2007	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2009	Sep. 30, 2005	Nov. 30, 2000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																		50,000	370,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options, Beginning Balance																		2,426,501
Proceeds from Stock Options Exercised																		$ 75,095	$ 280,918
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period																		61,054	226,398
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance																		2,426,501	2,481,208	2,337,606
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit																		$ 1.28
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit																		$ 3.37
Common Stock, Capital Shares Reserved for Future Issuance																		2,623,666
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total																		$ 28,585
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition																		20 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value																		$ 843,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value																		$ 0.46
Share-based Compensation, Total																		$ 103,793	$ 203,215
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value																			$ 0.25
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value																			$ 0.57
2000 Qualified Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized																							500,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross														205,000
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Number of Outstanding Options, Beginning Balance																		55,600	55,600
Share Based Compensation Shares Authorized Under Stock Option Plans Defined Exercise Price																		$ 2.40
2005 Qualified Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized																						1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																80,000	65,000
Proceeds from Stock Options Exercised																		$ 75,095	$ 252,353
2005 Qualified Stock Option Plan [Member] | Exercise Price One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period																		61,054	208,031
Deferred Compensation Arrangement with Individual, Exercise Price																		$ 1.23	$ 1.21
2005 Qualified Stock Option Plan [Member] | Exercise Price Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period																			500
Deferred Compensation Arrangement with Individual, Exercise Price																		$ 1.23
2009 Qualified Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized																					2,250,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	370,000	370,000	120,000	120,000	928,817	928,817	928,817	928,817	120,000	109,553	169,683	74,616	31,624	120,000	116,283				17,867
Proceeds from Stock Options Exercised																			$ 28,587
2009 Qualified Stock Option Plan [Member] | Minimum [Member]
Proceeds from Stock Options Exercised																			$ 1.60

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Current:
Federal	$ 182,479	$ 776,890
State and local	91,083	165,890
Total	273,562	942,780
Deferred:
Federal	(1,560,459)	30,670
State and local	(353,103)	6,550
Total	(1,913,562)	37,226
Net provision for (benefit from) income taxes	$ (1,640,000)	$ 980,000

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Contingency [Line Items]
Statutory federal income tax rate	34.00%	34.00%
State and local income taxes	7.30%	7.30%
Permanent differences	(2.90%)	8.10%
Minority investment in unconsolidated affiliate	1.10%	(5.20%)
Other	(1.30%)	(0.40%)
Effective tax rate	38.20%	43.80%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Amount
Amortization of Customer Lists	$ 219,471	$ 219,471
Other non-deductible expenses	75,879	217,052
Deferred tax charge — expired stock options	0	2,940
Total	$ 295,350	$ 439,463
Percent
Amortization of Customer Lists	(2.10%)	4.00%
Other non-deductible expenses	(0.80%)	4.00%
Deferred tax charge — expired stock options	(0.00%)	0.10%
Total	(2.90%)	8.10%

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Current deferred tax assets:
Accrued expenses	$ 324,338	$ 420,606
Litigation settlement	288,820	0
Accounts receivable	268,283	253,380
Net current deferred tax assets	881,441	673,986
Non-current deferred tax assets (liabilities):
Workers’ compensation reserve	3,083,094	1,589,460
Employee stock compensation	444,842	414,390
Intangible assets	325,532	312,457
Litigation settlement	288,820	0
Insurance reserves	252,702	241,192
Accrued expenses	66,230	144,254
Capital loss carry-forward	54,672	54,672
Minority investment in unconsolidated affiliate	(93,400)	0
Equipment	(95,797)	(135,837)
Net non-current deferred tax assets	4,326,695	2,620,588
Allowance for deferred tax asset related to capital loss carry-forward	(54,672)	(54,672)
Total deferred tax assets	$ 5,153,464	$ 3,239,902

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Mar. 31, 2016USD ($)
Income Tax Contingency [Line Items]
Operating Loss Carryforwards, Valuation Allowance	$ 132,500
Operating Loss Carryforwards, Expiration Date	Dec. 31, 2017
Income Tax Examination, Year under Examination	2,013
Maximum [Member]
Income Tax Contingency [Line Items]
Income Tax Examination, Year under Examination	2,012
Minimum [Member]
Income Tax Contingency [Line Items]
Income Tax Examination, Year under Examination	2,016

Issuer Purchases of Equity Se67

Issuer Purchases of Equity Securities (Details) - USD ($)	Feb. 21, 2012	Dec. 16, 2011	Dec. 31, 2012	Dec. 31, 2012
Share repurchase program:
Total Number of Shares Purchased	1,075,000	136,600	677,200	1,888,800
Average Price Paid Per Share	$ 1.64	$ 1.52	$ 1.60	$ 1.62
Total Amount Purchased as part of Publically Announced Program	$ 1,975,353	$ 208,363	$ 3,058,873
Maximum Amount that may yet be Purchased under the Program	$ 24,647	$ 1,791,637	$ 941,127	$ 941,127

Issuer Purchases of Equity Se68

Issuer Purchases of Equity Securities (Details Textual)	Mar. 31, 2016USD ($)
Stock Repurchase Program, Authorized Amount	$ 4,000,000

Schedule II SCHEDULE OF VALUA69

Schedule II SCHEDULE OF VALUATION AND QUALIFYING ACCOUNTS (Details) - Allowance for Doubtful Accounts, Current [Member] - USD ($)	12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 614,105	$ 627,711
Additions (Reductions) Charged or Credited to Expenses	426,752	(130,059)
Additions to/(Deductions from) Reserve	(390,631)	116,453
Balance at End of Period	$ 650,226	$ 614,105