$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2017 Q1 Form 10-Q Financial Statement

#000005670117000006 Filed on January 26, 2017

Income Statement

Concept	2017 Q1	2016 Q4	2015 Q4
Revenue	$4.774M	$6.688M	$7.229M
YoY Change	-20.46%	-7.49%	2.69%
Cost Of Revenue	$3.824M	$4.481M	$4.567M
YoY Change	-1.7%	-1.87%	-1.37%
Gross Profit	$950.3K	$2.207M	$2.663M
YoY Change	-55.01%	-17.13%	10.48%
Gross Profit Margin	19.91%	33.0%	36.83%
Selling, General & Admin	$1.966M	$1.987M	$1.989M
YoY Change	-6.65%	-0.09%	-5.04%
% of Gross Profit	206.85%	90.06%	74.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$130.0K	$130.0K	$130.0K
YoY Change	8.33%	0.0%	-23.53%
% of Gross Profit	13.68%	5.89%	4.88%
Operating Expenses	$1.966M	$1.987M	$1.989M
YoY Change	-6.65%	-0.09%	-5.04%
Operating Profit	-$1.015M	$219.3K	$673.7K
YoY Change	-15484.79%	-67.45%	113.5%
Interest Expense	$0.00	$118.00	$757.00
YoY Change		-84.41%	-91.07%
% of Operating Profit		0.05%	0.11%
Other Income/Expense, Net
YoY Change
Pretax Income	-$1.055M	$222.6K	$635.5K
YoY Change	-177.15%	-64.97%	106.94%
Income Tax	$62.52K	$82.49K	$248.8K
% Of Pretax Income		37.06%	39.16%
Net Earnings	-$1.118M	$140.1K	$386.6K
YoY Change	-228.5%	-63.76%	133.49%
Net Earnings / Revenue	-23.41%	2.1%	5.35%
Basic Earnings Per Share	-$0.15	$0.02	$0.05
Diluted Earnings Per Share	-$0.15	$0.02	$0.05
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q1	2016 Q4	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$750.0K	$810.0K	$2.130M
YoY Change	-18.48%	-61.97%	184.0%
Cash & Equivalents	$754.2K	$807.9K	$2.131M
Short-Term Investments
Other Short-Term Assets	$370.0K	$410.0K	$2.320M
YoY Change	-82.71%	-82.33%	-18.6%
Inventory	$7.954M	$7.980M	$7.040M
Prepaid Expenses
Receivables	$2.950M	$3.679M	$2.514M
Other Receivables	$50.00K	$530.0K	$70.00K
Total Short-Term Assets	$12.09M	$13.41M	$14.07M
YoY Change	-18.75%	-4.7%	8.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.498M	$1.595M	$1.595M
YoY Change	1.44%	-0.01%	-7.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$9.011M	$9.116M	$7.559M
YoY Change	21.52%	20.59%	5.92%
Total Long-Term Assets	$10.51M	$10.71M	$9.154M
YoY Change	18.18%	17.0%	3.23%
TOTAL ASSETS
Total Short-Term Assets	$12.09M	$13.41M	$14.07M
Total Long-Term Assets	$10.51M	$10.71M	$9.154M
Total Assets	$22.60M	$24.12M	$23.22M
YoY Change	-4.94%	3.85%	6.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.415M	$1.998M	$1.627M
YoY Change	-24.74%	22.84%	32.88%
Accrued Expenses	$1.264M	$1.169M	$2.440M
YoY Change	-27.87%	-52.1%	7.24%
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	$2.679M	$3.167M	$4.067M
YoY Change	-26.25%	-22.13%	10.67%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$166.6K	$173.5K	$192.4K
YoY Change	-9.69%	-9.85%	-24.56%
Total Long-Term Liabilities	$2.358M	$2.364M	$2.272M
YoY Change	4.29%	4.02%	-11.78%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.679M	$3.167M	$4.067M
Total Long-Term Liabilities	$2.358M	$2.364M	$2.272M
Total Liabilities	$5.037M	$5.531M	$6.339M
YoY Change	-14.53%	-12.75%	1.42%
SHAREHOLDERS EQUITY
Retained Earnings	$12.19M	$13.30M	$11.98M
YoY Change	-5.14%	11.09%	6.19%
Common Stock	$5.373M	$5.285M	$4.909M
YoY Change	6.82%	7.66%	12.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$17.56M	$18.59M	$16.88M
YoY Change
Total Liabilities & Shareholders Equity	$22.60M	$24.12M	$23.22M
YoY Change	-4.94%	3.85%	6.14%

Cashflow Statement

Concept	2017 Q1	2016 Q4	2015 Q4
OPERATING ACTIVITIES
Net Income	-$1.118M	$140.1K	$386.6K
YoY Change	-228.5%	-63.76%	133.49%
Depreciation, Depletion And Amortization	$130.0K	$130.0K	$130.0K
YoY Change	8.33%	0.0%	-23.53%
Cash From Operating Activities	-$20.00K	$480.0K	$2.560M
YoY Change	-98.31%	-81.25%	29.95%
INVESTING ACTIVITIES
Capital Expenditures	-$30.00K	-$130.0K	-$210.0K
YoY Change	0.0%	-38.1%	425.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$30.00K	-$130.0K	-$210.0K
YoY Change	0.0%	-38.1%	425.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities	-20.00K	480.0K	2.560M
Cash From Investing Activities	-30.00K	-130.0K	-210.0K
Cash From Financing Activities
Net Change In Cash	-50.00K	350.0K	2.350M
YoY Change	-95.87%	-85.11%	273.02%
FREE CASH FLOW
Cash From Operating Activities	-$20.00K	$480.0K	$2.560M
Capital Expenditures	-$30.00K	-$130.0K	-$210.0K
Free Cash Flow	$10.00K	$610.0K	$2.770M
YoY Change	-100.87%	-77.98%	37.81%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2016-12-31
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q4	dei	Entity Public Float EntityPublicFloat	5218856	USD
CY2016Q2	koss	Accrued Returns AccruedReturns	140918	USD
CY2016Q4	koss	Accrued Returns AccruedReturns	90444	USD
CY2016Q2	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	479645	USD
CY2016Q4	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	335129	USD
CY2016Q2	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	47753	USD
CY2016Q4	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	19084	USD
	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	75000	USD
	koss	Deferred Compensation Arrangement Distributions Paid DeferredCompensationArrangementDistributionsPaid	75000	USD
CY2015Q4	koss	Gain Contingency Legal Fees GainContingencyLegalFees	37500	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	75000	USD
CY2016Q4	koss	Gain Contingency Legal Fees GainContingencyLegalFees	0	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	37500	USD
CY2015Q4	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	25	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	50	USD
CY2016Q4	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	3404	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	3404	USD
	koss	Operating Leases Annual Lease Commitment OperatingLeasesAnnualLeaseCommitment	380000	USD
	koss	Operating Leases Term OperatingLeasesTerm	P5Y
CY2015Q4	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	37475	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	74950	USD
CY2016Q4	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-3404	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	34096	USD
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	1966656	USD
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	1998121	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3530854	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3678523	USD
CY2016Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	147450	USD
CY2016Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	67581	USD
CY2016Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1601652	USD
CY2016Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1168773	USD
CY2016Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	127329	USD
CY2016Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	92500	USD
CY2016Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	70050	USD
CY2016Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	45567	USD
CY2016Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5070956	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5248001	USD
CY2015Q4	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	129404	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	245408	USD
CY2016Q4	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	88522	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	177045	USD
CY2016Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	55175	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	54237	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2335000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2365000	shares
CY2016Q2	us-gaap	Assets Assets	24120471	USD
CY2016Q4	us-gaap	Assets Assets	24118184	USD
CY2016Q2	us-gaap	Assets Current AssetsCurrent	13726338	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	13407232	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1000266	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2131411	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	735393	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	807909	USD
CY2016Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5667105	USD
CY2016Q4	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	5979416	USD
CY2016Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2016Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2016Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2015Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4566518	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8451445	USD
CY2016Q4	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4481086	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	8887533	USD
CY2016Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2187714	USD
CY2016Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2190268	USD
CY2016Q2	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2016Q4	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2016Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3212556	USD
CY2016Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3136503	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	46969	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	76053	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	251936	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	254820	USD
CY2015Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2016Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2016Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	83113	USD
CY2016Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	75581	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-4987	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	0	USD
CY2015Q4	us-gaap	Gross Profit GrossProfit	2662823	USD
	us-gaap	Gross Profit GrossProfit	4309158	USD
CY2016Q4	us-gaap	Gross Profit GrossProfit	2206711	USD
	us-gaap	Gross Profit GrossProfit	4148970	USD
CY2015Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	635477	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	473273	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	350748	USD
CY2015Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	248845	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	187445	USD
CY2016Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	222606	USD
CY2016Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	82494	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	126425	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	145858	USD
CY2016Q4	us-gaap	Interest Expense InterestExpense	118	USD
	us-gaap	Interest Expense InterestExpense	964	USD
CY2015Q4	us-gaap	Interest Expense Debt InterestExpenseDebt	757	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	6075	USD
CY2016Q4	us-gaap	Interest Expense Debt InterestExpenseDebt	118	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	964	USD
	us-gaap	Interest Paid InterestPaid	6075	USD
	us-gaap	Interest Paid InterestPaid	964	USD
CY2016Q2	us-gaap	Interest Payable Current InterestPayableCurrent	0	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	1417	USD
CY2016Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	7570026	USD
CY2016Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	7556560	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	800	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	810	USD
CY2016Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	583507	USD
CY2016Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	533134	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-545618	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	31465	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-324032	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	865018	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-432879	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	47537	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	77554	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-140476	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-50373	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-142187	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-615186	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-858995	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	12776	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-26806	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-4795	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	40294	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	126268	USD
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2015Q4	us-gaap	Interest Expense InterestExpense	757	USD
	us-gaap	Interest Expense InterestExpense	6075	USD
CY2016Q2	us-gaap	Inventory Gross InventoryGross	11036933	USD
CY2016Q4	us-gaap	Inventory Gross InventoryGross	10456453	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	8595485	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	7980299	USD
CY2016Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	3466907	USD
CY2016Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	2893371	USD
CY2016Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2441448	USD
CY2016Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2476154	USD
CY2016Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2016Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	281099	USD
CY2016Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	6522	USD
CY2016Q2	us-gaap	Liabilities Liabilities	5934277	USD
CY2016Q4	us-gaap	Liabilities Liabilities	5530622	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	24120471	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	24118184	USD
CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3568308	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	3166894	USD
CY2016Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2365969	USD
CY2016Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2363728	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	132293	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	180542	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
CY2016Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2016Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	1131145	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	72516	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-389043	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-467150	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	1520188	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	539666	USD
CY2015Q4	us-gaap	Net Income Loss NetIncomeLoss	386632	USD
	us-gaap	Net Income Loss NetIncomeLoss	285828	USD
CY2016Q4	us-gaap	Net Income Loss NetIncomeLoss	140112	USD
	us-gaap	Net Income Loss NetIncomeLoss	224323	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	8879661	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9115919	USD
CY2016Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	50119	USD
CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	36663	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	178255	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	173460	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	129381	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	131769	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	259662	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	335381	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	407367	USD
CY2016Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	305275	USD
CY2016Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	254807	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1514472	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1595033	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-14179	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-1811	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13078324	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13302647	USD
CY2015Q4	us-gaap	Sales Revenue Net SalesRevenueNet	7229341	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	12760603	USD
CY2016Q4	us-gaap	Sales Revenue Net SalesRevenueNet	6687797	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	13036503	USD
CY2015Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1989114	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3754860	USD
CY2016Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1987391	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3763162	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	390000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	485000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.76
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.33
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	245408	USD
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	177045	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	18186194	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	18587562	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	531236	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	401368	USD
CY2016Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2016Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	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

Files In Submission

Name	View Source	Status
0000056701-17-000006-index-headers.html	Edgar Link	pending
0000056701-17-000006-index.html	Edgar Link	pending
0000056701-17-000006.txt	Edgar Link	pending
0000056701-17-000006-xbrl.zip	Edgar Link	pending
exhibit1014sixthamendmentt.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fy17q210-q.htm	Edgar Link	pending
koss-20161231.xml	Edgar Link	completed
koss-20161231.xsd	Edgar Link	pending
koss-20161231_cal.xml	Edgar Link	unprocessable
koss-20161231_def.xml	Edgar Link	unprocessable
koss-20161231_lab.xml	Edgar Link	unprocessable
koss-20161231_pre.xml	Edgar Link	unprocessable
kossexhibit31112312016.htm	Edgar Link	pending
kossexhibit31212312016.htm	Edgar Link	pending
kossexhibit32112312016.htm	Edgar Link	pending
kossexhibit32212312016.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
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

2017 Q1 Form 10-Q Financial Statement

#000005670117000006 Filed on January 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2017 Q1 Form 10-Q Financial Statement

#000005670117000006 Filed on January 26, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss