$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2013 Q4 Form 10-Q Financial Statement

#000005670113000049 Filed on November 01, 2013

Income Statement

Concept	2013 Q4	2013 Q3	2012 Q3
Revenue	$6.524M	$6.824M	$8.915M
YoY Change	-24.51%	-23.45%	1.83%
Cost Of Revenue	$4.426M	$4.513M	$5.664M
YoY Change	-24.78%	-20.32%	4.37%
Gross Profit	-$2.438M	$2.312M	$3.251M
YoY Change	-188.41%	-28.9%	-2.32%
Gross Profit Margin	-37.37%	33.87%	36.47%
Selling, General & Admin	$2.862M	$2.884M	$3.019M
YoY Change	-4.72%	-4.45%	4.63%
% of Gross Profit		124.78%	92.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$210.0K	$209.8K	$215.0K
YoY Change	-66.13%	-2.4%	29.28%
% of Gross Profit		9.08%	6.61%
Operating Expenses	$2.974M	$2.176M	$2.636M
YoY Change	35.72%	-17.46%	-7.01%
Operating Profit	-$5.412M	$135.9K	$615.1K
YoY Change	-1055.36%	-77.91%	24.66%
Interest Expense	-$10.00K	$0.00	-$30.00K
YoY Change	-66.67%	-100.0%	-25.0%
% of Operating Profit		0.0%	-4.88%
Other Income/Expense, Net	-$8.193K	-$7.606K	-$29.30K
YoY Change	-69.89%	-74.04%	-27.7%
Pretax Income	-$5.420M	$128.3K	$585.8K
YoY Change	-1105.08%	-78.1%	29.34%
Income Tax	-$1.967M	$48.87K	$219.7K
% Of Pretax Income		38.1%	37.5%
Net Earnings	-$3.453M	$79.40K	$370.0K
YoY Change	-1115.54%	-78.54%	32.14%
Net Earnings / Revenue	-52.92%	1.16%	4.15%
Basic Earnings Per Share	-$0.47	$0.01	$0.05
Diluted Earnings Per Share	-$0.47	$0.01	$0.05
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q4	2013 Q3	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.890M	$4.450M	$200.0K
YoY Change	1421.05%	2125.0%	-13.04%
Cash & Equivalents	$2.894M	$4.455M	$195.2K
Short-Term Investments
Other Short-Term Assets	$2.400M	$1.450M	$1.990M
YoY Change	12.15%	-27.14%	19.88%
Inventory	$9.087M	$9.761M	$9.121M
Prepaid Expenses
Receivables	$4.243M	$3.410M	$4.813M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$18.63M	$19.07M	$16.12M
YoY Change	20.71%	18.32%	0.06%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.148M	$2.363M	$2.814M
YoY Change	-15.16%	-16.02%	-15.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$6.780M	$5.570M	$5.710M
YoY Change	22.6%	-2.45%	1.06%
Total Long-Term Assets	$8.925M	$10.24M	$12.41M
YoY Change	-22.87%	-17.48%	-0.24%
TOTAL ASSETS
Total Short-Term Assets	$18.63M	$19.07M	$16.12M
Total Long-Term Assets	$8.925M	$10.24M	$12.41M
Total Assets	$27.55M	$29.31M	$28.53M
YoY Change	2.03%	2.75%	-0.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.194M	$1.760M	$2.396M
YoY Change	32.79%	-26.56%	-35.24%
Accrued Expenses	$2.684M	$2.014M	$2.034M
YoY Change	48.39%	-1.0%	-3.15%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.182M	$4.914M	$6.019M
YoY Change	33.99%	-18.36%	-10.43%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$2.200M
YoY Change	-100.0%	-100.0%	-37.14%
Other Long-Term Liabilities	$591.1K	$740.0K	$754.0K
YoY Change	-21.61%	-1.86%	-74.18%
Total Long-Term Liabilities	$2.881M	$3.189M	$5.343M
YoY Change	-35.01%	-40.32%	-16.77%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.182M	$4.914M	$6.019M
Total Long-Term Liabilities	$2.881M	$3.189M	$5.343M
Total Liabilities	$10.06M	$8.103M	$11.36M
YoY Change	2.75%	-28.69%	-13.53%
SHAREHOLDERS EQUITY
Retained Earnings	$13.83M	$17.73M	$14.36M
YoY Change	-2.96%	23.47%
Common Stock	$3.657M	$3.485M	$2.810M
YoY Change	23.73%	24.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$17.49M	$21.21M	$17.17M
YoY Change
Total Liabilities & Shareholders Equity	$27.55M	$29.31M	$28.53M
YoY Change	2.03%	2.75%	-0.07%

Cashflow Statement

Concept	2013 Q4	2013 Q3	2012 Q3
OPERATING ACTIVITIES
Net Income	-$3.453M	$79.40K	$370.0K
YoY Change	-1115.54%	-78.54%	32.14%
Depreciation, Depletion And Amortization	$210.0K	$209.8K	$215.0K
YoY Change	-66.13%	-2.4%	29.28%
Cash From Operating Activities	-$920.0K	$4.520M	-$1.040M
YoY Change	-146.7%	-534.62%	70.49%
INVESTING ACTIVITIES
Capital Expenditures	-$200.0K	$235.2K	$294.3K
YoY Change	150.0%	-20.07%	-30.01%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$240.0K	-$260.0K
YoY Change		-7.69%	-25.71%
Cash From Investing Activities	-$200.0K	-$480.0K	-$570.0K
YoY Change	122.22%	-15.79%	-41.84%
FINANCING ACTIVITIES
Cash Dividend Paid		$443.0K	$443.0K
YoY Change		0.0%	0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-450.0K	-440.0K	1.760M
YoY Change	-76.19%	-125.0%	6.02%
NET CHANGE
Cash From Operating Activities	-920.0K	4.520M	-1.040M
Cash From Investing Activities	-200.0K	-480.0K	-570.0K
Cash From Financing Activities	-450.0K	-440.0K	1.760M
Net Change In Cash	-1.570M	3.600M	150.0K
YoY Change	15600.0%	2300.0%	114.29%
FREE CASH FLOW
Cash From Operating Activities	-$920.0K	$4.520M	-$1.040M
Capital Expenditures	-$200.0K	$235.2K	$294.3K
Free Cash Flow	-$720.0K	$4.285M	-$1.334M
YoY Change	-135.12%	-421.14%	29.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2013Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1759734	USD
CY2013Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2685748	USD
CY2013Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	12185162	USD
CY2012Q3	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	0	USD
CY2013Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	364539	USD
CY2012Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	364540	USD
CY2013Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3410343	USD
CY2013Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	4705454	USD
CY2013Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2013613	USD
CY2013Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	3263608	USD
CY2013Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	3448570	USD
CY2013Q3	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	-12432	USD
CY2013Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	43405	USD
CY2013Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	61322	USD
CY2012Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1944308	shares
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2186000	shares
CY2013Q2	us-gaap	Assets Assets	35226657	USD
CY2013Q3	us-gaap	Assets Assets	29313632	USD
CY2013Q2	us-gaap	Assets Current AssetsCurrent	25183012	USD
CY2013Q3	us-gaap	Assets Current AssetsCurrent	19073132	USD
CY2013Q3	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	2065725	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	859636	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4454979	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	195186	USD
CY2012Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50027	USD
CY2013Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	4612842	USD
CY2013Q3	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	4936599	USD
CY2012Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.06
CY2013Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.06
CY2013Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.06
CY2013Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2013Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2013Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2013Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2013Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2013Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2013Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2013Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2013Q3	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2013Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2012Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5663690	USD
CY2013Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4571370	USD
CY2013Q3	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2292276	USD
CY2013Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2375550	USD
CY2013Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	70962	USD
CY2012Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	219695	USD
CY2013Q2	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	1171453	USD
CY2013Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	900668	USD
CY2013Q3	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	631785	USD
CY2013Q2	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	419530	USD
CY2013Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	209819	USD
CY2012Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	214984	USD
CY2013Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	2500000	USD
CY2013Q2	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	154745	USD
CY2013Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	156537	USD
CY2013Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	442962	USD
CY2012Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	442962	USD
CY2013Q3	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.06
CY2013Q3	us-gaap	Dividends Payable Current DividendsPayableCurrent	442962	USD
CY2013Q2	us-gaap	Dividends Payable Current DividendsPayableCurrent	442962	USD
CY2012Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2013Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2013Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-3881553	USD
CY2012Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	643646	USD
CY2013Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	80744	USD
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
CY2012Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2013Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2013Q3	us-gaap	Gross Profit GrossProfit	2252969	USD
CY2012Q3	us-gaap	Gross Profit GrossProfit	3251172	USD
CY2012Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	585849	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	128274	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48872	USD
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	219696	USD
CY2012Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	6674	USD
CY2013Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2013000	USD
CY2013Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-926014	USD
CY2012Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-2208481	USD
CY2012Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-511106	USD
CY2013Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-8874879	USD
CY2012Q3	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	0	USD
CY2013Q3	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-2035090	USD
CY2012Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-340488	USD
CY2013Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2691841	USD
CY2013Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-81482	USD
CY2012Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	57749	USD
CY2013Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-740363	USD
CY2012Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-275671	USD
CY2012Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	2405838	USD
CY2012Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2013Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	-587	USD
CY2012Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	17369	USD
CY2012Q3	us-gaap	Interest Paid InterestPaid	10553	USD
CY2013Q3	us-gaap	Interest Paid InterestPaid	2185	USD
CY2013Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6690301	USD
CY2013Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	5979004	USD
CY2013Q3	us-gaap	Inventory Gross InventoryGross	10950321	USD
CY2013Q2	us-gaap	Inventory Gross InventoryGross	11709898	USD
CY2013Q3	us-gaap	Inventory Net InventoryNet	9760809	USD
CY2013Q2	us-gaap	Inventory Net InventoryNet	10501172	USD
CY2013Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	5019597	USD
CY2013Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	4901637	USD
CY2013Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1189512	USD
CY2013Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1208726	USD
CY2013Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2013Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	69680	USD
CY2012Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	10	USD
CY2013Q3	us-gaap	Investment Income Interest InvestmentIncomeInterest	0	USD
CY2013Q3	us-gaap	Liabilities Liabilities	8102556	USD
CY2013Q2	us-gaap	Liabilities Liabilities	13836983	USD
CY2013Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	35226657	USD
CY2013Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	29313632	USD
CY2013Q3	us-gaap	Liabilities Current LiabilitiesCurrent	4913743	USD
CY2013Q2	us-gaap	Liabilities Current LiabilitiesCurrent	10566688	USD
CY2013Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3188813	USD
CY2013Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3270295	USD
CY2010Q2	us-gaap	Line Of Credit Facility Capacity Available For Trade Purchases LineOfCreditFacilityCapacityAvailableForTradePurchases	2000000	USD
CY2010Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	8000000	USD
CY2013Q3	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2013Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	0	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	3595343	USD
CY2012Q3	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1757038	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-477217	USD
CY2012Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	2200000	USD
CY2013Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2363364	USD
CY2013Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2337982	USD
CY2012Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	145159	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-442962	USD
CY2012Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-574191	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	4515522	USD
CY2012Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1037688	USD
CY2013Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	79402	USD
CY2012Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	366153	USD
CY2012Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-29299	USD
CY2012Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2629	USD
CY2013Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-100060	USD
CY2013Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	18089152	USD
CY2013Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-7606	USD
CY2013Q3	us-gaap	Operating Expenses OperatingExpenses	2117089	USD
CY2012Q3	us-gaap	Operating Expenses OperatingExpenses	2636024	USD
CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	615148	USD
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	135880	USD
CY2013Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	740000	USD
CY2013Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	740000	USD
CY2013Q3	us-gaap	Payments For Software PaymentsForSoftware	0	USD
CY2012Q3	us-gaap	Payments For Software PaymentsForSoftware	22580	USD
CY2012Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	442962	USD
CY2013Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	442962	USD
CY2013Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	242016	USD
CY2012Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	257356	USD
CY2012Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	294255	USD
CY2013Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	235201	USD
CY2013Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	546333	USD
CY2013Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	465589	USD
CY2013Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2013Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	17725592	USD
CY2012Q3	us-gaap	Sales Revenue Net SalesRevenueNet	8914862	USD
CY2013Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6824339	USD
CY2012Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3018751	USD
CY2013Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2825805	USD
CY2012Q3	us-gaap	Share Based Compensation ShareBasedCompensation	148502	USD
CY2013Q3	us-gaap	Share Based Compensation ShareBasedCompensation	172530	USD
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	445000	shares
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	430000	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	5.64
CY2012Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	5.29
CY2013Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	550000	USD
CY2013Q3	us-gaap	Stockholders Equity StockholdersEquity	21211076	USD
CY2013Q2	us-gaap	Stockholders Equity StockholdersEquity	21389674	USD
CY2012Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	71693	USD
CY2013Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	-178598	USD
CY2013Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	2732524	USD
CY2013Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	697434	USD
CY2013Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	696113	USD
CY2013Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	696113	USD
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2012Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2013Q2	koss	Assets Noncurrent Excluding Equipment And Leasehold Improvements AssetsNoncurrentExcludingEquipmentAndLeaseholdImprovements	7705663	USD
CY2013Q3	koss	Assets Noncurrent Excluding Equipment And Leasehold Improvements AssetsNoncurrentExcludingEquipmentAndLeaseholdImprovements	7877136	USD
CY2013Q3	koss	Capitalized Computer Software Amortization Period CapitalizedComputerSoftwareAmortizationPeriod	P3Y
CY2013Q3	koss	Derivative Death Benefit Of Life Insurance Policy Company Maintains To Fund Substantial Portion Of Liability DerivativeDeathBenefitOfLifeInsurancePolicyCompanyMaintainsToFundSubstantialPortionOfLiability	1150000	USD
CY2013Q3	koss	Derivative Minimum Percent Company May Elect To Pay In Cash Upon Exercise Of Put DerivativeMinimumPercentCompanyMayElectToPayInCashUponExerciseOfPut	0.25	Rate
CY2013Q3	koss	Derivative Repurchase Price Percent Of Fair Market Value DerivativeRepurchasePricePercentOfFairMarketValue	0.95	Rate
CY2013Q3	koss	Derivative Years Over Which Company May Execute Promissory Note Payable For Balance At Prime Rate Of Interest DerivativeYearsOverWhichCompanyMayExecutePromissoryNotePayableForBalanceAtPrimeRateOfInterest	P4Y
CY2013Q3	koss	Gain Contingency Insurance Proceeds GainContingencyInsuranceProceeds	0	USD
CY2012Q3	koss	Gain Contingency Insurance Proceeds GainContingencyInsuranceProceeds	13108	USD
CY2012Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	71304	USD
CY2013Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	107813	USD
CY2012Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	440923	USD
CY2013Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	816529	USD
CY2012Q3	koss	Gain Contingency Total Recoveries GainContingencyTotalRecoveries	454031	USD
CY2013Q3	koss	Gain Contingency Total Recoveries GainContingencyTotalRecoveries	816529	USD
CY2013Q3	koss	Gaincontingencygrossproceedsfromlegalsettlements Gaincontingencygrossproceedsfromlegalsettlements	8500000	USD
CY2013Q3	koss	Gaincontingencynetproceedsfromlegalsettlements Gaincontingencynetproceedsfromlegalsettlements	6380000	USD
CY2013Q3	koss	Increase Decrease In Cash Surrender Value Of Life Insurance IncreaseDecreaseInCashSurrenderValueOfLifeInsurance	81741	USD
CY2012Q3	koss	Increase Decrease In Cash Surrender Value Of Life Insurance IncreaseDecreaseInCashSurrenderValueOfLifeInsurance	6102	USD
CY2012Q3	koss	Interest Expense For Tax Positions Related To Unauthorized Transactions InterestExpenseForTaxPositionsRelatedToUnauthorizedTransactions	11940	USD
CY2013Q3	koss	Interest Expense For Tax Positions Related To Unauthorized Transactions InterestExpenseForTaxPositionsRelatedToUnauthorizedTransactions	8193	USD
CY2012Q3	koss	Interestexpenserecoveriesrelatedtodebtandtaxpositions Interestexpenserecoveriesrelatedtodebtandtaxpositions	29309	USD
CY2013Q3	koss	Interestexpenserecoveriesrelatedtodebtandtaxpositions Interestexpenserecoveriesrelatedtodebtandtaxpositions	7606	USD
CY2010Q2	koss	Line Of Credit Facility Percent Over Libor Depending On Companys Leverage Ratio Maximum LineOfCreditFacilityPercentOverLiborDependingOnCompanysLeverageRatioMaximum	0.03	Rate
CY2010Q2	koss	Line Of Credit Facility Percent Over Libor Depending On Companys Leverage Ratio Minimum LineOfCreditFacilityPercentOverLiborDependingOnCompanysLeverageRatioMinimum	0.02	Rate
CY2010Q2	koss	Line Of Credit Facility Percent Over Prime Depending On Companys Leverage Ratio Maximum LineOfCreditFacilityPercentOverPrimeDependingOnCompanysLeverageRatioMaximum	0.0075	Rate
CY2010Q2	koss	Line Of Credit Facility Percent Over Prime Depending Upon Company Leverage Ratio Minimum LineOfCreditFacilityPercentOverPrimeDependingUponCompanyLeverageRatioMinimum	0	Rate
CY2010Q2	koss	Line Of Credit Facility Unused Capacity Commitment Fee Percentage Maximum LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageMaximum	0.0045	Rate
CY2010Q2	koss	Line Of Credit Facility Unused Capacity Commitment Fee Percentage Minimum LineOfCreditFacilityUnusedCapacityCommitmentFeePercentageMinimum	0.003	Rate
CY2013Q2	koss	Product Software Development Cost Net ProductSoftwareDevelopmentCostNet	2673291	USD
CY2013Q3	koss	Product Software Development Cost Net ProductSoftwareDevelopmentCostNet	2308752	USD
CY2012Q3	koss	Unauthorized Transaction Related Costs And Recoveries Net UnauthorizedTransactionRelatedCostsAndRecoveriesNet	-382727	USD
CY2013Q3	koss	Unauthorized Transaction Related Costs And Recoveries Net UnauthorizedTransactionRelatedCostsAndRecoveriesNet	-708716	USD
CY2013Q3	dei	Amendment Flag AmendmentFlag	false
CY2013Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2013Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2014
CY2013Q3	dei	Document Period End Date DocumentPeriodEndDate	2013-09-30
CY2013Q3	dei	Document Type DocumentType	10-Q
CY2013Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2013Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
CY2013Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2013Q3	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2012Q4	dei	Entity Public Float EntityPublicFloat	12824625	USD
CY2013Q3	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
CY2013Q3	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2013Q3	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No

Files In Submission

Name	View Source	Status
0000056701-13-000049-index-headers.html	Edgar Link	pending
0000056701-13-000049-index.html	Edgar Link	pending
0000056701-13-000049.txt	Edgar Link	pending
0000056701-13-000049-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
koss-20130930.xml	Edgar Link	completed
koss-20130930.xsd	Edgar Link	pending
koss-20130930_cal.xml	Edgar Link	unprocessable
koss-20130930_def.xml	Edgar Link	unprocessable
koss-20130930_lab.xml	Edgar Link	unprocessable
koss-20130930_pre.xml	Edgar Link	unprocessable
kossexhibit31109302013.htm	Edgar Link	pending
kossexhibit31209302013.htm	Edgar Link	pending
kossexhibit32109302013.htm	Edgar Link	pending
kossexhibit32209302013.htm	Edgar Link	pending
q1fy1410-q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$KOSS
KOSS CORP Stock $koss

2013 Q4 Form 10-Q Financial Statement

#000005670113000049 Filed on November 01, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2013 Q4 Form 10-Q Financial Statement

#000005670113000049 Filed on November 01, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss