$KOSS
KOSS CORP

2023 Q1 Form 10-Q Financial Statement

#000005670123000007 Filed on January 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4
Revenue $3.369M $3.272M
YoY Change -27.3% -25.91%
Cost Of Revenue $2.076M $2.146M
YoY Change -22.27% -25.14%
Gross Profit $1.293M $1.126M
YoY Change -34.16% -27.33%
Gross Profit Margin 38.37% 34.42%
Selling, General & Admin $1.746M $2.474M
YoY Change 11.47% 101.25%
% of Gross Profit 135.07% 219.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.25K $68.31K
YoY Change -21.52% -15.31%
% of Gross Profit 3.89% 6.07%
Operating Expenses $1.746M $2.474M
YoY Change 11.47% 101.25%
Operating Profit -$453.4K -$1.348M
YoY Change -214.26% -520.67%
Interest Expense $189.6K $97.83K
YoY Change 5198.85% 2598.07%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Pretax Income -$263.8K -$1.250M
YoY Change -164.84% -315.51%
Income Tax -$30.91K -$103.1K
% Of Pretax Income
Net Earnings -$232.9K -$1.147M
YoY Change -157.75% -298.09%
Net Earnings / Revenue -6.91% -35.05%
Basic Earnings Per Share -$0.03 -$0.12
Diluted Earnings Per Share -$0.03 -$0.12
COMMON SHARES
Basic Shares Outstanding 9.190M 9.180M
Diluted Shares Outstanding 9.206M 9.186M

Balance Sheet

Concept 2023 Q1 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.97M $9.823M
YoY Change 57.75% 26.12%
Cash & Equivalents $2.922M $4.812M
Short-Term Investments $12.05M $5.011M
Other Short-Term Assets $394.2K $341.7K
YoY Change -14.48% -27.4%
Inventory $7.079M $7.830M
Prepaid Expenses
Receivables $1.235M $1.280M
Other Receivables $56.02K $128.0K
Total Short-Term Assets $23.73M $19.40M
YoY Change 18.57% -0.36%
LONG-TERM ASSETS
Property, Plant & Equipment $967.8K $1.003M
YoY Change -15.56% -16.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.949M $9.891M
YoY Change
Other Assets $14.00M $19.00M
YoY Change 79.66% 141.6%
Total Long-Term Assets $14.97M $20.00M
YoY Change 67.46% 120.79%
TOTAL ASSETS
Total Short-Term Assets $23.73M $19.40M
Total Long-Term Assets $14.97M $20.00M
Total Assets $38.70M $39.41M
YoY Change 33.66% 38.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $353.3K $285.5K
YoY Change -54.38% -67.04%
Accrued Expenses $870.8K $1.287M
YoY Change 7.97% 71.25%
Deferred Revenue $379.1K $419.0K
YoY Change -36.4% -30.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.087M $2.720M
YoY Change -15.85% 7.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.974M $4.934M
YoY Change 17.12% 14.83%
Total Long-Term Liabilities $4.974M $4.934M
YoY Change 17.12% 14.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.087M $2.720M
Total Long-Term Liabilities $4.974M $4.934M
Total Liabilities $7.060M $7.654M
YoY Change 4.96% 12.17%
SHAREHOLDERS EQUITY
Retained Earnings $18.56M $18.80M
YoY Change 93.11% 104.09%
Common Stock $13.08M $12.95M
YoY Change 3.67% 3.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.64M $31.75M
YoY Change
Total Liabilities & Shareholders Equity $38.70M $39.41M
YoY Change 33.66% 38.11%

Cashflow Statement

Concept 2023 Q1 2022 Q4
OPERATING ACTIVITIES
Net Income -$232.9K -$1.147M
YoY Change -157.75% -298.09%
Depreciation, Depletion And Amortization $50.25K $68.31K
YoY Change -21.52% -15.31%
Cash From Operating Activities $78.15K -$1.154M
YoY Change -126.75% -310.74%
INVESTING ACTIVITIES
Capital Expenditures $17.75K $38.72K
YoY Change -177.61% -315.47%
Acquisitions
YoY Change
Other Investing Activities -$1.999M -$14.88M
YoY Change -199.27% 9302981.25%
Cash From Investing Activities -$2.017M -$14.92M
YoY Change -201.3% 82260.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 48.39K 18.50K
YoY Change -29.66%
NET CHANGE
Cash From Operating Activities 78.15K -1.154M
Cash From Investing Activities -2.017M -14.92M
Cash From Financing Activities 48.39K 18.50K
Net Change In Cash -1.891M -16.06M
YoY Change -211.27% -2990.54%
FREE CASH FLOW
Cash From Operating Activities $78.15K -$1.154M
Capital Expenditures $17.75K $38.72K
Free Cash Flow $60.40K -$1.192M
YoY Change -122.43% -310.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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
2023
dei Entity Central Index Key
EntityCentralIndexKey
0000056701
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
0-3295
dei Entity Registrant Name
EntityRegistrantName
KOSS CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
39-1168275
dei Entity Address Address Line1
EntityAddressAddressLine1
4129 North Port Washington Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Milwaukee
dei Entity Address State Or Province
EntityAddressStateOrProvince
WI
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
53212
dei City Area Code
CityAreaCode
414
dei Local Phone Number
LocalPhoneNumber
964-5000
dei Security12b Title
Security12bTitle
Common Stock, par value $0.005 per share
dei Trading Symbol
TradingSymbol
KOSS
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9189795
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4812277
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9208170
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
5010628
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10500
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2027
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1280089
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1846620
CY2022Q4 us-gaap Inventory Net
InventoryNet
7829596
CY2022Q2 us-gaap Inventory Net
InventoryNet
8631362
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
341646
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
188478
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
128030
CY2022Q4 us-gaap Assets Current
AssetsCurrent
19402266
CY2022Q2 us-gaap Assets Current
AssetsCurrent
19874630
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1002594
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1088017
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
9890533
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3133274
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3247725
CY2022Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
5976410
CY2022Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
5744724
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19000217
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8992449
CY2022Q4 us-gaap Assets
Assets
39405077
CY2022Q2 us-gaap Assets
Assets
29955096
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
285482
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
796163
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1287181
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
560356
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
419043
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
543891
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
230121
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
223530
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
497872
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3033
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2719699
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2126973
CY2022Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1891154
CY2022Q2 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
1937229
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
135594
CY2022Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
169210
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2907629
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3024195
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
4934377
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
5130634
CY2022Q4 us-gaap Liabilities
Liabilities
7654076
CY2022Q2 us-gaap Liabilities
Liabilities
7257607
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.005
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.005
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
20000000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9189795
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9189795
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9147795
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
9147795
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
45949
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
45739
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12908840
CY2022Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
12653402
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
18796212
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9998348
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
31751001
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
22697489
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39405077
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29955096
CY2022Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3271931
CY2021Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4415886
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6626460
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8780953
CY2022Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2145769
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2866193
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4314074
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5649423
CY2022Q4 us-gaap Gross Profit
GrossProfit
1126162
CY2021Q4 us-gaap Gross Profit
GrossProfit
1549693
us-gaap Gross Profit
GrossProfit
2312386
us-gaap Gross Profit
GrossProfit
3131530
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2473975
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1229294
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26144571
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3010091
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1347813
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
320399
us-gaap Operating Income Loss
OperatingIncomeLoss
-23832185
us-gaap Operating Income Loss
OperatingIncomeLoss
121439
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
255975
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33000000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
355975
CY2022Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
97832
CY2021Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
3626
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
124888
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
4258
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1249981
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
580000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9292703
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
481672
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-103102
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1031
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
494839
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2062
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-1146879
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
578969
us-gaap Net Income Loss
NetIncomeLoss
8797864
us-gaap Net Income Loss
NetIncomeLoss
479610
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9186208
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9144099
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9171746
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8994023
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9186208
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10064713
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9817398
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10062915
us-gaap Net Income Loss
NetIncomeLoss
8797864
us-gaap Net Income Loss
NetIncomeLoss
479610
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
8473
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-35764
us-gaap Depreciation
Depreciation
135915
us-gaap Depreciation
Depreciation
161095
koss Amortization Of Discount On Treasury Securities
AmortizationOfDiscountOnTreasurySecurities
-16232
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
4476
us-gaap Share Based Compensation
ShareBasedCompensation
166708
us-gaap Share Based Compensation
ShareBasedCompensation
262785
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
143691
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
168756
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
-46075
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
167560
us-gaap Deferred Compensation Arrangement With Individual Distribution Paid
DeferredCompensationArrangementWithIndividualDistributionPaid
71250
koss Deferred Compensation Arrangement With Individual Relieved
DeferredCompensationArrangementWithIndividualRelieved
472883
koss Gain Loss On Life Insurance Proceeds
GainLossOnLifeInsuranceProceeds
255975
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-558058
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-818483
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-801766
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1844937
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
153168
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14557
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
128030
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
494839
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
2062
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-510681
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
467762
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
726825
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
236076
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-158464
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-112025
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10538583
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-380714
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50492
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
75155
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
87995
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
95888
us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
14884929
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15023416
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-171043
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
88940
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1390346
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
88940
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1390346
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4395893
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
838589
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9208170
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6950215
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4812277
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7788804
koss Reclassification Of Life Insurance
ReclassificationOfLifeInsurance
1751794
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
22697489
us-gaap Net Income Loss
NetIncomeLoss
8797864
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
166708
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
88940
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
31751001
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
19575101
us-gaap Net Income Loss
NetIncomeLoss
479610
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
262785
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1390346
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
21707842
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
32800707
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-1146879
CY2022Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
78673
CY2022Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
18500
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
31751001
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
20978664
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
578969
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
123909
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
26300
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
21707842
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.053
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2022Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
32500000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9600000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
474734
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
479340
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
112858
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
107499
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
612678
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
551562
CY2022Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
156269
CY2022Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
176447
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7861442
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9942511
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
309623
CY2022Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
292155
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
116184
CY2022Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
122764
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
775285
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
803603
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9643452
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11671606
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
775621
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
804275
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
775285
CY2022Q2 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
803603
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
336
CY2022Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
672
CY2021Q4 koss Gain Loss On Life Insurance Proceeds
GainLossOnLifeInsuranceProceeds
256000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14901161
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
38950
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
14862211
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
5010628
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
5003216
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
9890533
CY2022Q4 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
9858995
CY2022Q4 us-gaap Debt Securities Held To Maturity Amortized Cost After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss
14901161
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
14862211
CY2021Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2171305
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
2217621
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7566200
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
8302546
CY2022Q4 us-gaap Inventory Gross
InventoryGross
9737505
CY2022Q2 us-gaap Inventory Gross
InventoryGross
10520167
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1907909
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1888805
CY2022Q4 us-gaap Inventory Net
InventoryNet
7829596
CY2022Q2 us-gaap Inventory Net
InventoryNet
8631362
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.12
CY2022Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
3271931
CY2021Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
4415886
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
6626460
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
8780953
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
210236
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
335578
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
713101
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
883564
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-1146879
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
578969
us-gaap Net Income Loss
NetIncomeLoss
8797864
us-gaap Net Income Loss
NetIncomeLoss
479610
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9186208
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9144099
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9171746
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8994023
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
920614
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
645652
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1068892
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9186208
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10064713
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9817398
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10062915
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.90
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
590046
CY2022Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
koss Lease Extension Per Year
LeaseExtensionPerYear
380000
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
79000
CY2022Q4 koss Additional Payment Of External Patent Litigation
AdditionalPaymentOfExternalPatentLitigation
950000
CY2022Q4 us-gaap Legal Fees
LegalFees
175000
CY2022Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
41000

Files In Submission

Name View Source Status
0000056701-23-000007-index-headers.html Edgar Link pending
0000056701-23-000007-index.html Edgar Link pending
0000056701-23-000007.txt Edgar Link pending
0000056701-23-000007-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
koss-20221231.xsd Edgar Link pending
koss-20221231x10q.htm Edgar Link pending
koss-20221231xex31_1.htm Edgar Link pending
koss-20221231xex31_2.htm Edgar Link pending
koss-20221231xex32_1.htm Edgar Link pending
koss-20221231xex32_2.htm Edgar Link pending
MetaLinks.json 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
FilingSummary.xml Edgar Link unprocessable
koss-20221231_def.xml Edgar Link unprocessable
koss-20221231_cal.xml Edgar Link unprocessable
koss-20221231_lab.xml Edgar Link unprocessable
koss-20221231_pre.xml Edgar Link unprocessable
koss-20221231x10q_htm.xml Edgar Link completed
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
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