$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000005670116000063 Filed on May 13, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q2
Revenue	$7.240M	$6.002M	$5.720M
YoY Change	26.57%	0.01%	-7.59%
Cost Of Revenue	$4.720M	$3.890M	$3.640M
YoY Change	29.67%	0.08%	-33.82%
Gross Profit	$2.520M	$2.112M	$2.080M
YoY Change	21.15%	-0.13%	197.14%
Gross Profit Margin	34.81%	35.19%	36.36%
Selling, General & Admin	$2.100M	$2.106M	$1.900M
YoY Change	10.53%	5.38%	-25.2%
% of Gross Profit	83.33%	99.69%	91.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$120.0K	$120.0K	$120.0K
YoY Change	0.0%	9.09%	-25.0%
% of Gross Profit	4.76%	5.68%	5.77%
Operating Expenses	$2.100M	$2.106M	$1.900M
YoY Change	10.53%	5.32%	-25.2%
Operating Profit	$420.0K	$6.600K	$180.0K
YoY Change	133.33%	-94.3%	-109.78%
Interest Expense	$0.00	$0.00	$0.00
YoY Change
% of Operating Profit	0.0%	0.0%	0.0%
Other Income/Expense, Net			$0.00
YoY Change
Pretax Income	$420.0K	$1.368M	$230.0K
YoY Change	82.61%	1080.92%	-106.22%
Income Tax	$190.0K	$497.9K	-$120.0K
% Of Pretax Income	45.24%	36.41%	-52.17%
Net Earnings	$230.0K	$869.7K	$350.0K
YoY Change	-34.29%	1419.95%	-116.28%
Net Earnings / Revenue	3.18%	14.49%	6.12%
Basic Earnings Per Share		$0.12
Diluted Earnings Per Share	$31.17K	$0.12	$47.43K
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$740.0K	$920.0K	$1.000M
YoY Change	-26.0%	-11.54%	-47.37%
Cash & Equivalents	$735.4K	$918.3K	$1.000M
Short-Term Investments
Other Short-Term Assets	$280.0K	$2.140M	$350.0K
YoY Change	-20.0%	-16.08%	-87.18%
Inventory	$8.595M	$7.907M	$7.182M
Prepaid Expenses
Receivables	$3.531M	$3.536M	$2.824M
Other Receivables	$580.0K	$370.0K	$210.0K
Total Short-Term Assets	$13.73M	$14.88M	$11.56M
YoY Change	18.74%	16.95%	-27.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.514M	$1.476M	$1.593M
YoY Change	-4.9%	-10.62%	-13.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$8.880M	$7.415M	$7.229M
YoY Change	22.84%	3.07%	9.52%
Total Long-Term Assets	$10.39M	$8.892M	$10.87M
YoY Change	-4.35%	0.52%	28.73%
TOTAL ASSETS
Total Short-Term Assets	$13.73M	$14.88M	$11.56M
Total Long-Term Assets	$10.39M	$8.892M	$10.87M
Total Assets	$24.12M	$23.77M	$22.43M
YoY Change	7.55%	10.21%	-8.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.967M	$1.880M	$2.172M
YoY Change	-9.46%	36.49%	-11.87%
Accrued Expenses	$1.602M	$1.752M	$1.575M
YoY Change	1.69%	-1.63%	-59.13%
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	$3.568M	$3.632M	$3.747M
YoY Change	-4.78%	8.96%	-42.29%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$178.3K	$184.5K	$219.2K
YoY Change	-18.69%	-25.33%	-34.9%
Total Long-Term Liabilities	$2.366M	$2.261M	$2.327M
YoY Change	1.69%	-5.44%	-12.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.568M	$3.632M	$3.747M
Total Long-Term Liabilities	$2.366M	$2.261M	$2.327M
Total Liabilities	$5.934M	$5.893M	$6.074M
YoY Change	-2.3%	2.94%	-33.62%
SHAREHOLDERS EQUITY
Retained Earnings	$13.08M	$12.84M	$11.69M
YoY Change	11.88%	13.32%	4.31%
Common Stock	$5.108M	$5.030M	$4.664M
YoY Change	9.52%	11.6%	15.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$18.19M	$17.88M	$16.35M
YoY Change
Total Liabilities & Shareholders Equity	$24.12M	$23.77M	$22.43M
YoY Change	7.55%	10.21%	-8.05%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q2
OPERATING ACTIVITIES
Net Income	$230.0K	$869.7K	$350.0K
YoY Change	-34.29%	1419.95%	-116.28%
Depreciation, Depletion And Amortization	$120.0K	$120.0K	$120.0K
YoY Change	0.0%	9.09%	-25.0%
Cash From Operating Activities	-$30.00K	-$1.180M	$20.00K
YoY Change	-250.0%	-457.58%	-105.71%
INVESTING ACTIVITIES
Capital Expenditures	-$160.0K	-$30.00K	-$70.00K
YoY Change	128.57%	-25.0%	16.67%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$160.0K	-$30.00K	-$60.00K
YoY Change	166.67%	-40.0%	0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities			0.000
YoY Change			-100.0%
NET CHANGE
Cash From Operating Activities	-30.00K	-1.180M	20.00K
Cash From Investing Activities	-160.0K	-30.00K	-60.00K
Cash From Financing Activities			0.000
Net Change In Cash	-190.0K	-1.210M	-40.00K
YoY Change	375.0%	-532.14%	-95.29%
FREE CASH FLOW
Cash From Operating Activities	-$30.00K	-$1.180M	$20.00K
Capital Expenditures	-$160.0K	-$30.00K	-$70.00K
Free Cash Flow	$130.0K	-$1.150M	$90.00K
YoY Change	44.44%	-410.81%	-131.03%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q4	dei	Entity Public Float EntityPublicFloat	4566606	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2015Q2	koss	Accrued Returns AccruedReturns	97026	USD
CY2016Q1	koss	Accrued Returns AccruedReturns	120674	USD
CY2015Q2	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	400114	USD
CY2016Q1	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	404872	USD
CY2015Q2	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	261977	USD
CY2016Q1	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	310527	USD
	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	0	USD
	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	75000	USD
CY2015Q1	koss	Gain Contingency Legal Fees GainContingencyLegalFees	37500	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	114992	USD
CY2016Q1	koss	Gain Contingency Legal Fees GainContingencyLegalFees	1639074	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	1714074	USD
CY2015Q1	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	36422	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	36422	USD
CY2016Q1	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	25	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	75	USD
CY2015Q1	koss	Gaincontingencygrossproceedsfromlegalsettlements Gaincontingencygrossproceedsfromlegalsettlements	0	USD
	koss	Gaincontingencygrossproceedsfromlegalsettlements Gaincontingencygrossproceedsfromlegalsettlements	0	USD
CY2016Q1	koss	Gaincontingencygrossproceedsfromlegalsettlements Gaincontingencygrossproceedsfromlegalsettlements	3000000	USD
	koss	Gaincontingencygrossproceedsfromlegalsettlements Gaincontingencygrossproceedsfromlegalsettlements	3000000	USD
CY2015Q1	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	1078	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	78570	USD
CY2016Q1	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-1360951	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-1286001	USD
CY2015Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2172254	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	1880273	USD
CY2015Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2823980	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3535972	USD
CY2015Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	71381	USD
CY2016Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	190458	USD
CY2015Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1575027	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1751750	USD
CY2015Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	70000	USD
CY2016Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	77500	USD
CY2015Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	68890	USD
CY2016Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	60194	USD
CY2015Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	4626781	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	4993446	USD
CY2015Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	156010	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	474501	USD
CY2016Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	121257	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	366665	USD
CY2015Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	26052	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2150000	shares
CY2015Q2	us-gaap	Assets Assets	22427013	USD
CY2016Q1	us-gaap	Assets Assets	23768367	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	6621	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2280000	shares
CY2015Q2	us-gaap	Assets Current AssetsCurrent	13605577	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	14876564	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1899411	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1044578	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1000266	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	918303	USD
CY2015Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5359663	USD
CY2016Q1	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5631241	USD
CY2015Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2015Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2015Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2015Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2015Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3886443	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	12143055	USD
CY2016Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3889719	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	12341164	USD
CY2015Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2107486	USD
CY2016Q1	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2076665	USD
CY2015Q2	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2016Q1	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	309969	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	303236	USD
CY2015Q2	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	2045316	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	1827084	USD
CY2015Q2	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	1869253	USD
CY2016Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	1784249	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	437344	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	367369	USD
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.16
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.16
CY2015Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	93568	USD
CY2016Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	86267	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-14953	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-40710	USD
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2015Q1	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	12813	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	2115113	USD
	us-gaap	Gross Profit GrossProfit	6368137	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	2112340	USD
	us-gaap	Gross Profit GrossProfit	6421498	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	115804	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	269784	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1367551	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1840823	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	58586	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	141978	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	497865	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	685310	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-988785	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	557751	USD
CY2015Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	205531	USD
CY2016Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	373458	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1087146	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-291981	USD
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	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	691504	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2222723	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	176723	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-25836	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	44179	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-831362	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	167927	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-984494	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	724844	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	1626541	USD
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	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-89693	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-34745	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	383684	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-33581	USD
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CY2016Q1	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	6075	USD
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	us-gaap	Interest Expense Debt InterestExpenseDebt	12813	USD
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	us-gaap	Interest Expense Debt InterestExpenseDebt	6075	USD
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	us-gaap	Interest Paid InterestPaid	6075	USD
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CY2016Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6888967	USD
	us-gaap	Net Income Loss NetIncomeLoss	1155513	USD
CY2015Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7228916	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7415490	USD
CY2015Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	49407	USD
CY2016Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	46433	USD
CY2015Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	219227	USD
CY2015Q2	us-gaap	Inventory Gross InventoryGross	11620405	USD
CY2016Q1	us-gaap	Inventory Gross InventoryGross	11919417	USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	7182440	USD
CY2016Q1	us-gaap	Inventory Net InventoryNet	7907284	USD
CY2015Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	5374333	USD
CY2016Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	5026430	USD
CY2015Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4437965	USD
CY2016Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	4012133	USD
CY2015Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2016Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	4020	USD
CY2015Q2	us-gaap	Liabilities Liabilities	6073994	USD
CY2016Q1	us-gaap	Liabilities Liabilities	5893170	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22427013	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23768367	USD
CY2015Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3747281	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	3632023	USD
CY2015Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2326713	USD
CY2016Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2261147	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	114952	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	142036	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
CY2015Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2016Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-854833	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-81963	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-495355	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-421414	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-359478	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	339451	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	57218	USD
	us-gaap	Net Income Loss NetIncomeLoss	127806	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	869686	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	184482	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	231781	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	129542	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	263574	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	291872	USD
CY2015Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	348044	USD
CY2015Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	312664	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	314463	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	304825	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1592520	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1476313	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	43278	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-20488	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11689324	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	12844837	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	6001556	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	18511192	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	6002059	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	18762662	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1998231	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6006970	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2105740	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5860601	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	445000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	410000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	3.19
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.72
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	16353019	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	17875197	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	602307	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	1522178	USD
CY2015Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	USD

Files In Submission

Name	View Source	Status
0000056701-16-000063-index-headers.html	Edgar Link	pending
0000056701-16-000063-index.html	Edgar Link	pending
0000056701-16-000063.txt	Edgar Link	pending
0000056701-16-000063-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fy16q310-q.htm	Edgar Link	pending
koss-20160331.xml	Edgar Link	completed
koss-20160331.xsd	Edgar Link	pending
koss-20160331_cal.xml	Edgar Link	unprocessable
koss-20160331_def.xml	Edgar Link	unprocessable
koss-20160331_lab.xml	Edgar Link	unprocessable
koss-20160331_pre.xml	Edgar Link	unprocessable
kossexhibit31103312016.htm	Edgar Link	pending
kossexhibit31203312016.htm	Edgar Link	pending
kossexhibit32103312016.htm	Edgar Link	pending
kossexhibit32203312016.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
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

2016 Q2 Form 10-Q Financial Statement

#000005670116000063 Filed on May 13, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2016 Q2 Form 10-Q Financial Statement

#000005670116000063 Filed on May 13, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss