$KOSS
KOSS CORP Stock $koss

$koss Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000005670118000014 Filed on May 11, 2018

Income Statement

Concept	2018 Q2	2018 Q1	2017 Q2
Revenue	$7.240M	$4.327M	$6.240M
YoY Change	16.03%	-9.37%	-13.81%
Cost Of Revenue	$5.180M	$3.377M	$4.450M
YoY Change	16.4%	-11.68%	-5.72%
Gross Profit	$2.060M	$1.013M	$1.800M
YoY Change	14.44%	6.64%	-28.57%
Gross Profit Margin	28.45%	23.42%	28.85%
Selling, General & Admin	$1.720M	$1.771M	$1.870M
YoY Change	-8.02%	-9.89%	-10.95%
% of Gross Profit	83.5%	174.78%	103.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$140.0K	$130.0K	$120.0K
YoY Change	16.67%	0.0%	0.0%
% of Gross Profit	6.8%	12.83%	6.67%
Operating Expenses	$1.720M	$1.771M	$1.870M
YoY Change	-8.02%	-9.89%	-10.95%
Operating Profit	$340.0K	-$757.9K	-$70.00K
YoY Change	-585.71%	-25.36%	-116.67%
Interest Expense	$0.00	$0.00	$0.00
YoY Change
% of Operating Profit	0.0%
Other Income/Expense, Net
YoY Change
Pretax Income	$340.0K	-$757.9K	-$70.00K
YoY Change	-585.71%	-28.17%	-116.67%
Income Tax	-$720.0K	$4.274K	$0.00
% Of Pretax Income	-211.76%
Net Earnings	$350.0K	-$762.2K	-$70.00K
YoY Change	-600.0%	-31.8%	-130.43%
Net Earnings / Revenue	4.83%	-17.62%	-1.12%
Basic Earnings Per Share		-$0.10
Diluted Earnings Per Share	$47.43K	-$0.10	-$9.485K
COMMON SHARES
Basic Shares Outstanding	7.383M shares	7.383M shares	7.383M shares
Diluted Shares Outstanding		7.383M shares

Balance Sheet

Concept	2018 Q2	2018 Q1	2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.080M	$1.570M	$430.0K
YoY Change	151.16%	109.33%	-41.89%
Cash & Equivalents	$1.082M	$1.570M	$432.3K
Short-Term Investments
Other Short-Term Assets	$210.0K	$330.0K	$210.0K
YoY Change	0.0%	-10.81%	-25.0%
Inventory	$6.139M	$6.356M	$8.345M
Prepaid Expenses
Receivables	$4.710M	$3.009M	$3.932M
Other Receivables	$30.00K	$30.00K	$30.00K
Total Short-Term Assets	$12.17M	$11.29M	$12.95M
YoY Change	-6.02%	-6.57%	-5.67%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.132M	$1.273M	$1.408M
YoY Change	-19.6%	-14.98%	-7.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$9.477M	$6.337M	$9.067M
YoY Change	4.52%	-29.67%	2.11%
Total Long-Term Assets	$10.61M	$7.611M	$10.48M
YoY Change	1.27%	-27.58%	0.78%
TOTAL ASSETS
Total Short-Term Assets	$12.17M	$11.29M	$12.95M
Total Long-Term Assets	$10.61M	$7.611M	$10.48M
Total Assets	$22.78M	$18.90M	$23.42M
YoY Change	-2.76%	-16.34%	-2.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.429M	$828.5K	$2.243M
YoY Change	-36.27%	-41.45%	14.06%
Accrued Expenses	$789.0K	$1.507M	$1.149M
YoY Change	-31.36%	19.3%	-28.24%
Deferred Revenue	$690.9K
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.164M	$2.336M	$3.393M
YoY Change	-6.74%	-12.79%	-4.93%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities		$159.4K	$164.4K
YoY Change		-4.34%	-7.76%
Total Long-Term Liabilities	$5.410M	$2.479M	$2.459M
YoY Change	120.04%	5.13%	3.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.164M	$2.336M	$3.393M
Total Long-Term Liabilities	$5.410M	$2.479M	$2.459M
Total Liabilities	$8.574M	$4.815M	$5.851M
YoY Change	46.53%	-4.4%	-1.4%
SHAREHOLDERS EQUITY
Retained Earnings	$8.415M	$8.382M	$12.11M
YoY Change	-30.54%	-31.21%	-7.37%
Common Stock	$5.789M	$5.706M	$5.458M
YoY Change	6.08%	6.19%	6.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$14.20M	$14.09M	$17.57M
YoY Change
Total Liabilities & Shareholders Equity	$22.78M	$18.90M	$23.42M
YoY Change	-2.76%	-16.34%	-2.89%

Cashflow Statement

Concept	2018 Q2	2018 Q1	2017 Q2
OPERATING ACTIVITIES
Net Income	$350.0K	-$762.2K	-$70.00K
YoY Change	-600.0%	-31.8%	-130.43%
Depreciation, Depletion And Amortization	$140.0K	$130.0K	$120.0K
YoY Change	16.67%	0.0%	0.0%
Cash From Operating Activities	-$490.0K	$1.130M	-$290.0K
YoY Change	68.97%	-5750.0%	866.67%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	-$20.00K	-$30.00K
YoY Change	-100.0%	-33.33%	-81.25%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	$0.00	-$20.00K	-$40.00K
YoY Change	-100.0%	-33.33%	-75.0%
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
NET CHANGE
Cash From Operating Activities	-490.0K	1.130M	-290.0K
Cash From Investing Activities	0.000	-20.00K	-40.00K
Cash From Financing Activities		0.000
Net Change In Cash	-490.0K	1.110M	-330.0K
YoY Change	48.48%	-2320.0%	73.68%
FREE CASH FLOW
Cash From Operating Activities	-$490.0K	$1.130M	-$290.0K
Capital Expenditures	$0.00	-$20.00K	-$30.00K
Free Cash Flow	-$490.0K	$1.150M	-$260.0K
YoY Change	88.46%	11400.0%	-300.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q4	dei	Entity Public Float EntityPublicFloat	5950766	USD
	dei	Entity Registrant Name EntityRegistrantName	KOSS CORP
	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	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0000056701
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	7382706	shares
	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2017Q2	koss	Accrued Returns AccruedReturns	53915	USD
CY2018Q1	koss	Accrued Returns AccruedReturns	48508	USD
CY2017Q2	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	415050	USD
CY2018Q1	koss	Cooperative Advertising And Promotion Allowances CooperativeAdvertisingAndPromotionAllowances	462082	USD
CY2017Q2	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	21175	USD
CY2018Q1	koss	Customer Refund Liabilities Current CustomerRefundLiabilitiesCurrent	344663	USD
CY2017Q1	koss	Gain Contingency Legal Fees GainContingencyLegalFees	40000	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	77500	USD
CY2018Q1	koss	Gain Contingency Legal Fees GainContingencyLegalFees	0	USD
	koss	Gain Contingency Legal Fees GainContingencyLegalFees	0	USD
CY2017Q1	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	337	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	3741	USD
CY2018Q1	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	1265	USD
	koss	Gain Contingency Proceeds From Asset Forfeitures GainContingencyProceedsFromAssetForfeitures	17445	USD
	koss	Operating Leases Annual Lease Commitment OperatingLeasesAnnualLeaseCommitment	380000	USD
CY2017Q1	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	39663	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	73759	USD
CY2018Q1	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-1265	USD
	koss	Unauthorized Transaction Related Costs Recoveries Net UnauthorizedTransactionRelatedCostsRecoveriesNet	-17445	USD
CY2017Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	2243110	USD
CY2018Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	828541	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3931541	USD
CY2018Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3008988	USD
CY2017Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1149395	USD
CY2018Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1507422	USD
CY2017Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	86500	USD
CY2018Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	66000	USD
CY2017Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	83654	USD
CY2018Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	130347	USD
CY2017Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5420710	USD
CY2018Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	5669334	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	265568	USD
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	248624	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	55872	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	58960	USD
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2345000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2395000	shares
CY2017Q2	us-gaap	Assets Assets	23423653	USD
CY2018Q1	us-gaap	Assets Assets	18902817	USD
CY2017Q2	us-gaap	Assets Current AssetsCurrent	12948376	USD
CY2018Q1	us-gaap	Assets Current AssetsCurrent	11292282	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	735393	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	754157	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	432283	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1569909	USD
CY2017Q2	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	6024929	USD
CY2018Q1	us-gaap	Cash Surrender Value Of Life Insurance CashSurrenderValueOfLifeInsurance	6337390	USD
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.005
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	20000000	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	7382706	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	7382706	shares
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2018Q1	us-gaap	Common Stock Value CommonStockValue	36914	USD
CY2017Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3823613	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	12711146	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	137718	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-529378	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-5951	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-641211	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1988887	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-761846	USD
CY2018Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3363121	USD
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	11753719	USD
	us-gaap	Deferred Compensation Arrangement With Individual Distribution Paid DeferredCompensationArrangementWithIndividualDistributionPaid	112500	USD
	us-gaap	Deferred Compensation Arrangement With Individual Distribution Paid DeferredCompensationArrangementWithIndividualDistributionPaid	112500	USD
CY2017Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2294418	USD
CY2018Q1	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	2319636	USD
CY2017Q2	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2018Q1	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	150000	USD
CY2017Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	3042257	USD
CY2018Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	0	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	190016	USD
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	3042257	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	375786	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	385221	USD
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.15
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.11
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.51
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.15
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.11
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.51
CY2017Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	54074	USD
CY2018Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	60272	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-6230	USD
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-343	USD
CY2017Q1	us-gaap	Gross Profit GrossProfit	950302	USD
	us-gaap	Gross Profit GrossProfit	5099272	USD
CY2018Q1	us-gaap	Gross Profit GrossProfit	963553	USD
	us-gaap	Gross Profit GrossProfit	4523462	USD
CY2017Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1055059	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-704311	USD
CY2018Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-807742	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-684881	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	62523	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	188948	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5126	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3048208	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability	0	USD
	us-gaap	Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability	713826	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-523342	USD
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	3182	USD
CY2017Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	32814	USD
CY2018Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	26863	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-551606	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1414569	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-585803	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-919927	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-338137	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	358027	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	116331	USD
	us-gaap	Increase Decrease In Operating Capital IncreaseDecreaseInOperatingCapital	-1729505	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-11656	USD
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-5047	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	93147	USD
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	123671	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
CY2017Q1	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	964	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	0	USD
	us-gaap	Interest Expense InterestExpense	5218	USD
CY2017Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	0	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	964	USD
CY2018Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	0	USD
	us-gaap	Interest Expense Debt InterestExpenseDebt	5218	USD
	us-gaap	Interest Paid InterestPaid	964	USD
	us-gaap	Interest Paid InterestPaid	5218	USD
CY2017Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	7895561	USD
CY2018Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	6278088	USD
CY2017Q2	us-gaap	Inventory Gross InventoryGross	10796060	USD
CY2018Q1	us-gaap	Inventory Gross InventoryGross	9025070	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	8345343	USD
CY2018Q1	us-gaap	Inventory Net InventoryNet	6356456	USD
CY2017Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	2900499	USD
CY2018Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	2741338	USD
CY2017Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2450717	USD
CY2018Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2668614	USD
CY2017Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	0	USD
CY2018Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	5644	USD
CY2017Q2	us-gaap	Liabilities Liabilities	5851341	USD
CY2018Q1	us-gaap	Liabilities Liabilities	4814970	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23423653	USD
CY2018Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	18902817	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3392505	USD
CY2018Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2335963	USD
CY2017Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2458836	USD
CY2018Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2479007	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	187563	USD
	us-gaap	Life Insurance Corporate Or Bank Owned Change In Value LifeInsuranceCorporateOrBankOwnedChangeInValue	181403	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
CY2017Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	4000000	USD
CY2017Q2	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
CY2018Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	0	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	18764	USD
	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	1137626	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-498848	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-381676	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	517612	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	1519302	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	-1117582	USD
	us-gaap	Net Income Loss NetIncomeLoss	-893259	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	-812868	USD
	us-gaap	Net Income Loss NetIncomeLoss	-3733089	USD
CY2017Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	9067186	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	6337390	USD
CY2017Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	64486	USD
CY2018Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	51972	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	164418	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	159371	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	133767	USD
	us-gaap	Payments To Acquire Life Insurance Policies PaymentsToAcquireLifeInsurancePolicies	131058	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	365081	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	250618	USD
CY2017Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	206395	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	330066	USD
CY2017Q2	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	220541	USD
CY2018Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	193578	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1408091	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1273145	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-4843	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	2626	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	12114688	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	8381599	USD
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4773915	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	17810418	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	4326674	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	16277181	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1965698	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5728860	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1772560	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	5220570	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	485000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	490000	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	2.33
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	1.89
CY2017Q1	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	88523	USD
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	265568	USD
CY2018Q1	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	82792	USD
	us-gaap	Stock Option Plan Expense StockOptionPlanExpense	248624	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	17572312	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	14087847	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	-627691	USD
	us-gaap	Stockholders Equity Period Increase Decrease StockholdersEquityPeriodIncreaseDecrease	-3484465	USD
CY2017Q2	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2018Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0	USD
CY2018Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	0	USD
CY2018Q1	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	187846	USD
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	2429235	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
	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 will 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 full or modified retrospective transition method. The Company will adopt the new standard in the first quarter of fiscal 2019 and anticipates using the full 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 revenue standard through review of customer contracts, identification of what performance obligations exist, and calculation of the required adjustments. The preliminary results of our assessment indicate that the Company expects an immaterial impact on its consolidated financial statements and related disclosures. The Company is continuing its assessment and may identify other impacts.</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;">In February 2016, the FASB issued ASU 2016-02 (Topic 842), Leases. This new standard revises existing lease guidance and requires all leases to be recorded on a company's balance sheet as right-of-use assets and lease liabilities. The new guidance also requires additional disclosures about leases. The Company plans to early adopt the new standard in the first quarter of fiscal 2019.</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 lease standard through review of lease contracts and calculation of the required adjustments. The preliminary result of our assessment is that the Company expects an immaterial impact on its consolidated statements of operations and a material impact as a result of recording the right-of-use asset and corresponding lease liability on the Company's consolidated balance sheets. The Company is continuing its assessment and may identify other impacts.</font></div></div>

Files In Submission

Name	View Source	Status
0000056701-18-000014-index-headers.html	Edgar Link	pending
0000056701-18-000014-index.html	Edgar Link	pending
0000056701-18-000014.txt	Edgar Link	pending
0000056701-18-000014-xbrl.zip	Edgar Link	pending
exhibit1016eighthamendment.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
fy18q310-q.htm	Edgar Link	pending
koss-20180331.xml	Edgar Link	completed
koss-20180331.xsd	Edgar Link	pending
koss-20180331_cal.xml	Edgar Link	unprocessable
koss-20180331_def.xml	Edgar Link	unprocessable
koss-20180331_lab.xml	Edgar Link	unprocessable
koss-20180331_pre.xml	Edgar Link	unprocessable
kossexhibit31103312018.htm	Edgar Link	pending
kossexhibit31203312018.htm	Edgar Link	pending
kossexhibit32103312018.htm	Edgar Link	pending
kossexhibit32203312018.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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$KOSS
KOSS CORP Stock $koss

2018 Q2 Form 10-Q Financial Statement

#000005670118000014 Filed on May 11, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS KOSS CORP Stock $koss

2018 Q2 Form 10-Q Financial Statement

#000005670118000014 Filed on May 11, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KOSS
KOSS CORP Stock $koss