$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000005670117000044 Filed on October 27, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$5.884M	$6.084M	$6.349M
YoY Change	-12.02%	-4.17%	14.78%
Cost Of Revenue	$4.014M	$4.400M	$4.406M
YoY Change	-10.43%	-0.14%	13.42%
Gross Profit	$1.877M	$1.684M	$1.942M
YoY Change	-14.94%	-13.31%	17.97%
Gross Profit Margin	31.9%	27.67%	30.59%
Selling, General & Admin	$1.800M	$1.648M	$1.776M
YoY Change	-9.41%	-7.21%	0.57%
% of Gross Profit	95.91%	97.87%	91.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$130.0K	$131.4K	$123.8K
YoY Change	0.0%	6.07%	0.27%
% of Gross Profit	6.93%	7.8%	6.38%
Operating Expenses	$1.800M	$1.648M	$1.776M
YoY Change	-9.41%	-7.21%	0.57%
Operating Profit	$76.70K	$35.94K	$166.5K
YoY Change	-65.03%	-78.41%	-239.42%
Interest Expense	$2.526K	$2.692K	$846.00
YoY Change	2040.68%	218.2%	-84.09%
% of Operating Profit	3.29%	7.49%	0.51%
Other Income/Expense, Net
YoY Change
Pretax Income	$75.95K	$47.66K	$128.1K
YoY Change	-65.88%	-62.81%	-179.0%
Income Tax	$3.017M	$25.69K	$43.93K
% Of Pretax Income	3972.0%	53.91%	34.28%
Net Earnings	-$2.941M	$21.97K	$84.21K
YoY Change	-2198.74%	-73.91%	-183.54%
Net Earnings / Revenue	-49.98%	0.36%	1.33%
Basic Earnings Per Share	-$0.40	$0.00	$0.01
Diluted Earnings Per Share	-$0.40	$0.00	$0.01
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding	7.383M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$460.0K	$240.0K	$460.0K
YoY Change	-43.21%	-47.83%	155.56%
Cash & Equivalents	$1.570M	$241.1K	$459.9K
Short-Term Investments
Other Short-Term Assets	$280.0K	$330.0K	$510.0K
YoY Change	-31.71%	-35.29%	-78.39%
Inventory	$7.435M	$8.372M	$7.388M
Prepaid Expenses
Receivables	$3.686M	$3.965M	$3.260M
Other Receivables	$30.00K	$60.00K	$610.0K
Total Short-Term Assets	$11.89M	$12.98M	$12.22M
YoY Change	-11.32%	6.19%	-3.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.374M	$1.434M	$1.597M
YoY Change	-13.84%	-10.21%	5.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$6.328M	$9.315M	$9.125M
YoY Change	-30.58%	2.08%	21.11%
Total Long-Term Assets	$7.702M	$10.75M	$10.72M
YoY Change	-28.09%	0.25%	18.47%
TOTAL ASSETS
Total Short-Term Assets	$11.89M	$12.98M	$12.22M
Total Long-Term Assets	$7.702M	$10.75M	$10.72M
Total Assets	$19.59M	$23.73M	$22.94M
YoY Change	-18.77%	3.42%	5.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.244M	$2.433M	$634.2K
YoY Change	-37.75%	283.67%	-48.55%
Accrued Expenses	$1.062M	$1.155M	$1.590M
YoY Change	-9.16%	-27.33%	9.05%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.306M	$3.589M	$2.224M
YoY Change	-27.2%	61.35%	-28.04%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$157.0K	$163.0K	$171.8K
YoY Change	-9.46%	-5.1%	-18.93%
Total Long-Term Liabilities	$2.468M	$2.466M	$2.361M
YoY Change	4.42%	4.45%	3.03%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.306M	$3.589M	$2.224M
Total Long-Term Liabilities	$2.468M	$2.466M	$2.361M
Total Liabilities	$4.774M	$6.055M	$4.585M
YoY Change	-13.68%	32.05%	-14.81%
SHAREHOLDERS EQUITY
Retained Earnings	$9.194M	$12.13M	$13.16M
YoY Change	-30.88%	-7.83%	13.58%
Common Stock	$5.623M	$5.541M	$5.196M
YoY Change	6.41%	6.63%	8.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$14.82M	$17.67M	$18.36M
YoY Change
Total Liabilities & Shareholders Equity	$19.59M	$23.73M	$22.94M
YoY Change	-18.77%	3.42%	5.49%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	-$2.941M	$21.97K	$84.21K
YoY Change	-2198.74%	-73.91%	-183.54%
Depreciation, Depletion And Amortization	$130.0K	$131.4K	$123.8K
YoY Change	0.0%	6.07%	0.27%
Cash From Operating Activities	$290.0K	$100.0K	$60.00K
YoY Change	-39.58%	66.67%	-105.77%
INVESTING ACTIVITIES
Capital Expenditures	-$70.00K	$157.2K	$206.3K
YoY Change	-46.15%	-23.78%	342.39%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$130.0K	-$130.0K
YoY Change		0.0%	0.0%
Cash From Investing Activities	-$70.00K	-$290.0K	-$340.0K
YoY Change	-46.15%	-14.71%	88.89%
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	0.000	0.000
YoY Change			-100.0%
NET CHANGE
Cash From Operating Activities	290.0K	100.0K	60.00K
Cash From Investing Activities	-70.00K	-290.0K	-340.0K
Cash From Financing Activities	0.000	0.000	0.000
Net Change In Cash	220.0K	-190.0K	-280.0K
YoY Change	-37.14%	-32.14%	-65.85%
FREE CASH FLOW
Cash From Operating Activities	$290.0K	$100.0K	$60.00K
Capital Expenditures	-$70.00K	$157.2K	$206.3K
Free Cash Flow	$360.0K	-$57.24K	-$146.3K
YoY Change	-40.98%	-60.88%	-86.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q3	dei	Amendment Flag AmendmentFlag	false
CY2017Q3	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
CY2017Q3	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q3	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2017Q3	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
CY2017Q3	dei	Document Type DocumentType	10-Q
CY2017Q3	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
CY2017Q3	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2017Q3	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q4	dei	Entity Public Float EntityPublicFloat	5950766	USD
CY2017Q3	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
CY2017Q3	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2017Q3	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017Q2	koss	Accrued Returns AccruedReturns	53915	USD
CY2017Q3	koss	Accrued Returns AccruedReturns	46364	USD
CY2017Q2	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	415050	USD
CY2017Q3	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	336986	USD
CY2017Q2	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	21175	USD
CY2017Q3	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	183941	USD
CY2016Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	37500	USD
CY2017Q3	koss	Gain Contingency Legal Fees GainContingencyLegalFees	0	USD
CY2016Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	0	USD
CY2017Q3	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	14409	USD
CY2017Q3	koss	Operating Leases Annual Lease Commitment OperatingLeasesAnnualLeaseCommitment	380000	USD
CY2016Q3	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	37500	USD
CY2017Q3	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-14409	USD
CY2017Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2243110	USD
CY2017Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	2433391	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3931541	USD
CY2017Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3965214	USD
CY2017Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	0	USD
CY2017Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	3527	USD
CY2017Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1149395	USD
CY2017Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1155487	USD
CY2017Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	86500	USD
CY2017Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	40000	USD
CY2017Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	83654	USD
CY2017Q3	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	53433	USD
CY2017Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5420710	USD
CY2017Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5503751	USD
CY2016Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	88523	USD
CY2017Q3	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	83041	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	55872	USD
CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	53626	USD
CY2016Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2365000	shares
CY2017Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2395000	shares
CY2017Q2	us-gaap	Assets Assets	23423653	USD
CY2017Q3	us-gaap	Assets Assets	23727555	USD
CY2017Q2	us-gaap	Assets Current AssetsCurrent	12948376	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	12978535	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	735393	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	459921	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	432283	USD
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	241148	USD
CY2017Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	6024929	USD
CY2017Q3	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	6328047	USD
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
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CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
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CY2017Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2016Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4406447	USD
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CY2016Q3	us-gaap	Deferred Compensation Arrangement With Individual Distribution Paid DeferredCompensationArrangementWithIndividualDistributionPaid	37500	USD
CY2017Q3	us-gaap	Deferred Compensation Arrangement With Individual Distribution Paid DeferredCompensationArrangementWithIndividualDistributionPaid	37500	USD
CY2017Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2294418	USD
CY2017Q3	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2302824	USD
CY2017Q2	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2017Q3	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2017Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3042257	USD
CY2017Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	2986999	USD
CY2016Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	66990	USD
CY2017Q3	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	55258	USD
CY2016Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	123837	USD
CY2017Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	131359	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
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CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.00
CY2017Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	54074	USD
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CY2016Q3	us-gaap	Gross Profit GrossProfit	1942259	USD
CY2017Q3	us-gaap	Gross Profit GrossProfit	1673954	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	128142	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	37965	USD
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CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	20465	USD
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CY2017Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	32814	USD
CY2017Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	67607	USD
CY2016Q3	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1332411	USD
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CY2016Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	38777	USD
CY2017Q3	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	45906	USD
CY2016Q3	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	23059	USD
CY2017Q3	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	34793	USD
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CY2016Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	121922	USD
CY2017Q3	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	22686	USD
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CY2016Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	226315	USD
CY2017Q3	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	126234	USD
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CY2017Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2016Q3	us-gaap	Interest Expense InterestExpense	846	USD
CY2017Q3	us-gaap	Interest Expense InterestExpense	2692	USD
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CY2017Q3	us-gaap	Inventory Gross InventoryGross	10829432	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	8345343	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	8371937	USD
CY2017Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	2900499	USD
CY2017Q3	us-gaap	Inventory Raw Materials InventoryRawMaterials	2848202	USD
CY2017Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2450717	USD
CY2017Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2457495	USD
CY2017Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2017Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	2603	USD
CY2017Q2	us-gaap	Liabilities Liabilities	5851341	USD
CY2017Q3	us-gaap	Liabilities Liabilities	6054702	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23423653	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23727555	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3392505	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	3588878	USD
CY2017Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2458836	USD
CY2017Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2465824	USD
CY2016Q3	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	181176	USD
CY2017Q3	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	172382	USD
CY2010Q2	us-gaap	Line Of Credit Facility Capacity Available For Trade Purchases LineOfCreditFacilityCapacityAvailableForTradePurchases	2000000	USD
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CY2017Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2017Q3	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-275472	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	-191135	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-337917	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-287978	USD
CY2016Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	62445	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	96843	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	84211	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	17500	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9067186	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9315046	USD
CY2017Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	64486	USD
CY2017Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	74632	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	164418	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	163000	USD
CY2016Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	131608	USD
CY2017Q3	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	130736	USD
CY2016Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	206309	USD
CY2017Q3	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	157242	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	206395	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	332629	USD
CY2017Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	220541	USD
CY2017Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	214230	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1408091	USD
CY2016Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	705	USD
CY2017Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-3653	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	12114688	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	12132188	USD
CY2016Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6348706	USD
CY2017Q3	us-gaap	Sales Revenue Net SalesRevenueNet	6066630	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1775771	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1647706	USD
CY2016Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	485000	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	490000	shares
CY2016Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.33
CY2017Q3	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	1.89
CY2016Q3	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	88523	USD
CY2017Q3	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	83041	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	17572312	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	17672853	USD
CY2016Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	172734	USD
CY2017Q3	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	100541	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	USD
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	7382706	shares
CY2017Q3	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NEW ACCOUNTING PRONOUNCEMENTS</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09 (Topic 606), Revenue from Contracts with Customers. This new standard supersedes nearly all existing revenue recognition guidance and provides a five-step analysis to determine when and how revenue is recognized. The underlying principle is to recognize revenue when promised goods or services transfer to the customer. The amount of revenue recognized is to reflect the consideration expected to be received for those goods or services. The new standard also requires additional disclosures about the nature, amount, timing and uncertainty of revenues and cash flows arising from customer contracts. The standard permits the use of either the retrospective or cumulative effect transition method. The Company will adopt the new standard in the first quarter of fiscal 2019 and anticipates using the retrospective method.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has begun the assessment of the new standard through review of customer contracts and identification of what performance obligations exist. The preliminary results of our assessment indicate that the Company does not expect a material impact on its consolidated financial statements. The Company is continuing its assessment and may identify other impacts.</font></div></div>

Files In Submission

Name	View Source	Status
0000056701-17-000044-index-headers.html	Edgar Link	pending
0000056701-17-000044-index.html	Edgar Link	pending
0000056701-17-000044.txt	Edgar Link	pending
0000056701-17-000044-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fy18q110-q.htm	Edgar Link	pending
koss-20170930.xml	Edgar Link	completed
koss-20170930.xsd	Edgar Link	pending
koss-20170930_cal.xml	Edgar Link	unprocessable
koss-20170930_def.xml	Edgar Link	unprocessable
koss-20170930_lab.xml	Edgar Link	unprocessable
koss-20170930_pre.xml	Edgar Link	unprocessable
kossexhibit3119302017.htm	Edgar Link	pending
kossexhibit3129302017.htm	Edgar Link	pending
kossexhibit3219302017.htm	Edgar Link	pending
kossexhibit3229302017.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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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 Q4 Form 10-Q Financial Statement

#000005670117000044 Filed on October 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2017 Q4 Form 10-Q Financial Statement

#000005670117000044 Filed on October 27, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss