$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2014 Q4 Form 10-Q Financial Statement

#000005670114000038 Filed on October 31, 2014

Income Statement

Concept	2014 Q4	2014 Q3	2013 Q3
Revenue	$7.040M	$5.469M	$6.824M
YoY Change	7.91%	-19.85%	-23.45%
Cost Of Revenue	$4.630M	$3.627M	$4.513M
YoY Change	4.6%	-19.63%	-20.32%
Gross Profit	$2.410M	$1.843M	$2.312M
YoY Change	-198.87%	-20.29%	-28.9%
Gross Profit Margin	34.24%	33.69%	33.87%
Selling, General & Admin	$2.095M	$1.991M	$2.884M
YoY Change	-26.8%	-30.96%	-4.45%
% of Gross Profit	86.91%	108.07%	124.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$170.0K	$161.7K	$209.8K
YoY Change	-19.05%	-22.96%	-2.4%
% of Gross Profit	7.05%	8.77%	9.08%
Operating Expenses	$2.095M	$1.991M	$2.176M
YoY Change	-29.56%	-8.47%	-17.46%
Operating Profit	$315.6K	-$148.8K	$135.9K
YoY Change	-105.83%	-209.48%	-77.91%
Interest Expense	$8.480K	$4.333K	$0.00
YoY Change	-184.8%		-100.0%
% of Operating Profit	2.69%		0.0%
Other Income/Expense, Net			-$7.606K
YoY Change			-74.04%
Pretax Income	$307.1K	-$153.1K	$128.3K
YoY Change	-105.67%	-219.35%	-78.1%
Income Tax	$141.5K	-$58.10K	$48.87K
% Of Pretax Income	46.08%		38.1%
Net Earnings	$165.6K	-$95.00K	$79.40K
YoY Change	-104.8%	-219.64%	-78.54%
Net Earnings / Revenue	2.35%	-1.74%	1.16%
Basic Earnings Per Share	$0.02	-$0.01	$0.01
Diluted Earnings Per Share	$0.02	-$0.01	$0.01
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2014 Q4	2014 Q3	2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$750.0K	$130.0K	$4.450M
YoY Change	-74.05%	-97.08%	2125.0%
Cash & Equivalents	$1.045M	$125.4K	$4.455M
Short-Term Investments
Other Short-Term Assets	$2.850M	$2.680M	$1.450M
YoY Change	18.75%	84.83%	-27.14%
Inventory	$6.259M	$7.179M	$9.761M
Prepaid Expenses
Receivables	$2.986M	$2.771M	$3.410M
Other Receivables	$160.0K	$1.270M	$0.00
Total Short-Term Assets	$13.01M	$14.02M	$19.07M
YoY Change	-30.14%	-26.49%	18.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.732M	$1.856M	$2.363M
YoY Change	-19.38%	-21.47%	-16.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$7.137M	$7.004M	$5.570M
YoY Change	5.26%	25.75%	-2.45%
Total Long-Term Assets	$8.868M	$8.860M	$10.24M
YoY Change	-0.64%	-13.48%	-17.48%
TOTAL ASSETS
Total Short-Term Assets	$13.01M	$14.02M	$19.07M
Total Long-Term Assets	$8.868M	$8.860M	$10.24M
Total Assets	$21.88M	$22.88M	$29.31M
YoY Change	-20.58%	-21.94%	2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.224M	$1.510M	$1.760M
YoY Change	-61.67%	-14.16%	-26.56%
Accrued Expenses	$2.275M	$1.975M	$2.014M
YoY Change	-15.24%	-1.9%	-1.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$1.300M	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.674M	$4.961M	$4.914M
YoY Change	-48.84%	0.96%	-18.36%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Other Long-Term Liabilities	$255.1K	$292.3K	$740.0K
YoY Change	-56.84%	-60.5%	-1.86%
Total Long-Term Liabilities	$2.576M	$2.613M	$3.189M
YoY Change	-10.6%	-18.05%	-40.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.674M	$4.961M	$4.914M
Total Long-Term Liabilities	$2.576M	$2.613M	$3.189M
Total Liabilities	$6.250M	$7.574M	$8.103M
YoY Change	-37.89%	-6.52%	-28.69%
SHAREHOLDERS EQUITY
Retained Earnings	$11.28M	$11.11M	$17.73M
YoY Change	-18.46%	-37.31%	23.47%
Common Stock	$4.352M	$4.196M	$3.485M
YoY Change	18.99%	20.38%	24.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$15.63M	$15.31M	$21.21M
YoY Change
Total Liabilities & Shareholders Equity	$21.88M	$22.88M	$29.31M
YoY Change	-20.58%	-21.94%	2.75%

Cashflow Statement

Concept	2014 Q4	2014 Q3	2013 Q3
OPERATING ACTIVITIES
Net Income	$165.6K	-$95.00K	$79.40K
YoY Change	-104.8%	-219.64%	-78.54%
Depreciation, Depletion And Amortization	$170.0K	$161.7K	$209.8K
YoY Change	-19.05%	-22.96%	-2.4%
Cash From Operating Activities	$1.970M	-$2.660M	$4.520M
YoY Change	-314.13%	-158.85%	-534.62%
INVESTING ACTIVITIES
Capital Expenditures	-$40.00K	$180.5K	$235.2K
YoY Change	-80.0%	-23.24%	-20.07%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$230.0K	-$240.0K
YoY Change		-4.17%	-7.69%
Cash From Investing Activities	-$40.00K	-$410.0K	-$480.0K
YoY Change	-80.0%	-14.58%	-15.79%
FINANCING ACTIVITIES
Cash Dividend Paid		$0.00	$443.0K
YoY Change		-100.0%	0.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.300M	1.300M	-440.0K
YoY Change	188.89%	-395.45%	-125.0%
NET CHANGE
Cash From Operating Activities	1.970M	-2.660M	4.520M
Cash From Investing Activities	-40.00K	-410.0K	-480.0K
Cash From Financing Activities	-1.300M	1.300M	-440.0K
Net Change In Cash	630.0K	-1.770M	3.600M
YoY Change	-140.13%	-149.17%	2300.0%
FREE CASH FLOW
Cash From Operating Activities	$1.970M	-$2.660M	$4.520M
Capital Expenditures	-$40.00K	$180.5K	$235.2K
Free Cash Flow	$2.010M	-$2.841M	$4.285M
YoY Change	-379.17%	-166.29%	-421.14%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	1510474	USD
CY2014Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2464755	USD
CY2014Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3160887	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2770956	USD
CY2014Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3853473	USD
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1975376	USD
CY2014Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	4158829	USD
CY2014Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	3996242	USD
CY2014Q3	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	0	USD
CY2013Q3	us-gaap	Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation	-12432	USD
CY2013Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	172530	USD
CY2014Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	162587	USD
CY2014Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	20501	USD
CY2014Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	28560	USD
CY2013Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	364539	USD
CY2014Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	USD
CY2014Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2411000	shares
CY2013Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2186000	shares
CY2014Q3	us-gaap	Assets Assets	22881423	USD
CY2014Q2	us-gaap	Assets Assets	24389958	USD
CY2014Q2	us-gaap	Assets Current AssetsCurrent	15948729	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	14021358	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	125404	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1899411	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4454979	USD
CY2013Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	859636	USD
CY2014Q3	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5315751	USD
CY2014Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	4977409	USD
CY2013Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.06
CY2014Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.00
CY2014Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2014Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2014Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2014Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2014Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2014Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2014Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2014Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2014Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2013Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4512694	USD
CY2014Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3626769	USD
CY2014Q3	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2320826	USD
CY2014Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2320091	USD
CY2013Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	70962	USD
CY2014Q2	us-gaap	Liabilities Current LiabilitiesCurrent	6493228	USD
CY2014Q2	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	2576023	USD
CY2014Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	2414152	USD
CY2014Q3	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	1688298	USD
CY2014Q2	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	1623329	USD
CY2013Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	209819	USD
CY2014Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	96902	USD
CY2014Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	161653	USD
CY2014Q3	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	2500000	USD
CY2014Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	USD
CY2014Q2	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	0	USD
CY2014Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	0	USD
CY2013Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	442962	USD
CY2013Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
CY2014Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2014Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2013Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2013Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	0	USD
CY2014Q3	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-3359	USD
CY2014Q3	us-gaap	Gross Profit GrossProfit	1842717	USD
CY2013Q3	us-gaap	Gross Profit GrossProfit	2311645	USD
CY2014Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-153101	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	128274	USD
CY2014Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-58103	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48872	USD
CY2014Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	10510	USD
CY2013Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2013000	USD
CY2014Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1109276	USD
CY2014Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	1264281	USD
CY2014Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-954281	USD
CY2013Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-926014	USD
CY2014Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-378909	USD
CY2013Q3	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-8874879	USD
CY2014Q3	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
CY2014Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-1878097	USD
CY2013Q3	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2691841	USD
CY2014Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	735	USD
CY2013Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-81482	USD
CY2013Q3	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	0	USD
CY2014Q3	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	155005	USD
CY2013Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-740363	USD
CY2014Q3	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	124063	USD
CY2014Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	2896388	USD
CY2013Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-3881553	USD
CY2013Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	0	USD
CY2014Q3	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-44481	USD
CY2014Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	119370	USD
CY2013Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	80744	USD
CY2013Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2014Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2013Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	-587	USD
CY2014Q3	us-gaap	Interest Expense Debt InterestExpenseDebt	4333	USD
CY2013Q3	us-gaap	Interest Paid InterestPaid	2185	USD
CY2014Q3	us-gaap	Interest Paid InterestPaid	1011	USD
CY2014Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6577205	USD
CY2014Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6327221	USD
CY2014Q2	us-gaap	Inventory Gross InventoryGross	11920380	USD
CY2014Q3	us-gaap	Inventory Gross InventoryGross	11978953	USD
CY2014Q3	us-gaap	Inventory Net InventoryNet	7178995	USD
CY2014Q2	us-gaap	Inventory Net InventoryNet	7054932	USD
CY2014Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	5394907	USD
CY2014Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	5593159	USD
CY2014Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4865448	USD
CY2014Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4799958	USD
CY2014Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	6841	USD
CY2014Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2014Q2	us-gaap	Liabilities Liabilities	9150091	USD
CY2014Q3	us-gaap	Liabilities Liabilities	7573967	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22881423	USD
CY2014Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	24389958	USD
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	4960850	USD
CY2013Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	242016	USD
CY2014Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2656863	USD
CY2014Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2613117	USD
CY2014Q3	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	106884	USD
CY2013Q3	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	81741	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
CY2014Q3	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	5000000	USD
CY2014Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2014Q3	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	1300000	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	3595343	USD
CY2014Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-1774007	USD
CY2014Q3	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1300000	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-442962	USD
CY2014Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-411996	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-477217	USD
CY2013Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	4515522	USD
CY2014Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2662011	USD
CY2014Q3	us-gaap	Net Income Loss NetIncomeLoss	-94998	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	79402	USD
CY2013Q3	us-gaap	Operating Expenses OperatingExpenses	2175765	USD
CY2014Q3	us-gaap	Operating Expenses OperatingExpenses	1991485	USD
CY2014Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-148768	USD
CY2013Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	135880	USD
CY2014Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	6600738	USD
CY2014Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7004049	USD
CY2014Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	336772	USD
CY2014Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	292291	USD
CY2013Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	442962	USD
CY2014Q3	us-gaap	Payments Of Dividends PaymentsOfDividends	0	USD
CY2014Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1856016	USD
CY2014Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	231458	USD
CY2013Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	235201	USD
CY2014Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	180538	USD
CY2014Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	267570	USD
CY2014Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	148200	USD
CY2014Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	1300000	USD
CY2013Q3	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	USD
CY2014Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1840491	USD
CY2013Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-100060	USD
CY2014Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	11023	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11111713	USD
CY2014Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11206711	USD
CY2013Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6824339	USD
CY2014Q3	us-gaap	Sales Revenue Net SalesRevenueNet	5469486	USD
CY2014Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1938993	USD
CY2013Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2884481	USD
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	445000	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	445000	shares
CY2014Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	3.19
CY2013Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	5.64
CY2014Q3	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	175000	USD
CY2014Q2	us-gaap	Stockholders Equity StockholdersEquity	15239867	USD
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	15307456	USD
CY2014Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	67589	USD
CY2013Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	-178598	USD
CY2014Q2	us-gaap	Taxes Payable Current TaxesPayableCurrent	175000	USD
CY2014Q3	us-gaap	Taxes Payable Current TaxesPayableCurrent	175000	USD
CY2014Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	175000	USD
CY2014Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	175000	USD
CY2014Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2013Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2014Q3	koss	Derivative Liability Death Benefitof Life Insurance Policy Company Maintainsto Fund Substantial Portionofthe Liability DerivativeLiabilityDeathBenefitofLifeInsurancePolicyCompanyMaintainstoFundSubstantialPortionoftheLiability	1150000	USD
CY2014Q3	koss	Derivative Liability Repurchase Pricepercentof Fair Market Value DerivativeLiabilityRepurchasePricepercentofFairMarketValue	0.95	Rate
CY2014Q3	koss	Derivative Liabilityminimumpercent Companymayelecttopayincashuponexerciseofput DerivativeLiabilityminimumpercentCompanymayelecttopayincashuponexerciseofput	0.25	Rate
CY2013Q3	koss	Derivative Liabilityyearsoverwhich Companymayexecuteapromissorynotepayableforthebalanceattheprimerateofinterest DerivativeLiabilityyearsoverwhichCompanymayexecuteapromissorynotepayableforthebalanceattheprimerateofinterest	P4Y
CY2014Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	52492	USD
CY2013Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	107813	USD
CY2014Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	0	USD
CY2013Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	816529	USD
CY2014Q3	koss	Interest Expense For Tax Positions Related To Unauthorized Transactions InterestExpenseForTaxPositionsRelatedToUnauthorizedTransactions	0	USD
CY2013Q3	koss	Interest Expense For Tax Positions Related To Unauthorized Transactions InterestExpenseForTaxPositionsRelatedToUnauthorizedTransactions	8193	USD
CY2013Q3	koss	Interestexpenserecoveriesrelatedtodebtandtaxpositions Interestexpenserecoveriesrelatedtodebtandtaxpositions	7606	USD
CY2014Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2014Q3	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q3	koss	Interestexpenserecoveriesrelatedtodebtandtaxpositions Interestexpenserecoveriesrelatedtodebtandtaxpositions	4333	USD
CY2013Q3	koss	Product Software Development Expenditures Net ProductSoftwareDevelopmentExpendituresNet	2308752	USD
CY2013Q3	koss	Unauthorized Transaction Related Costs And Recoveries Net UnauthorizedTransactionRelatedCostsAndRecoveriesNet	-708716	USD
CY2014Q3	koss	Unauthorized Transaction Related Costs And Recoveries Net UnauthorizedTransactionRelatedCostsAndRecoveriesNet	52492	USD
CY2014Q3	dei	Amendment Flag AmendmentFlag	false
CY2014Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2014Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2014Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2014Q3	dei	Document Period End Date DocumentPeriodEndDate	2014-09-30
CY2014Q3	dei	Document Type DocumentType	10-Q
CY2014Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2014Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
CY2013Q4	dei	Entity Public Float EntityPublicFloat	13728925	USD
CY2014Q3	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
CY2014Q3	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2014Q3	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No

Files In Submission

Name	View Source	Status
0000056701-14-000038-index-headers.html	Edgar Link	pending
0000056701-14-000038-index.html	Edgar Link	pending
0000056701-14-000038.txt	Edgar Link	pending
0000056701-14-000038-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
koss-20140930.xml	Edgar Link	completed
koss-20140930.xsd	Edgar Link	pending
koss-20140930_cal.xml	Edgar Link	unprocessable
koss-20140930_def.xml	Edgar Link	unprocessable
koss-20140930_lab.xml	Edgar Link	unprocessable
koss-20140930_pre.xml	Edgar Link	unprocessable
kossexhibit31109302014.htm	Edgar Link	pending
kossexhibit31209302014.htm	Edgar Link	pending
kossexhibit32109302014.htm	Edgar Link	pending
kossexhibit32209302014.htm	Edgar Link	pending
q1fy1510-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
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.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

2014 Q4 Form 10-Q Financial Statement

#000005670114000038 Filed on October 31, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2014 Q4 Form 10-Q Financial Statement

#000005670114000038 Filed on October 31, 2014

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss