Koss Corporation: 10-Q filed 2014-02-14

Name: Koss Corporation: 10-Q filed 2014-02-14
Creator: Koss Corporation

What Koss Corporation reported in its quarterly report filed 2014-02-14 (fiscal Q2 2014): 34 published measures, 90 facts as tagged in accession 0000056701-14-000006.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-02-14
Fiscal period: fiscal Q2 2014
Accession: 0000056701-14-000006 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Koss Corporation filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2013-12-31	27,550,487	USD
At 2013-06-30	35,226,657	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2013-12-31	10,063,393	USD
At 2013-06-30	13,836,983	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2013-12-31	17,487,094	USD
At 2013-06-30	21,389,674	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2013-12-31	2,894,445	USD
At 2013-06-30	859,636	USD
At 2012-12-31	193,331	USD
At 2012-06-30	50,027	USD

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	435,864	USD	184
2012-07-01 to 2012-12-31	354,317	USD	184

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2013-12-31	13,829,788	USD
At 2013-06-30	18,089,152	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	7,382,706	shares	184
2012-07-01 to 2012-12-31	7,382,706	shares	184

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-0.47	USD/shares	92
2013-07-01 to 2013-12-31	-0.46	USD/shares	184
2012-10-01 to 2012-12-31	0.05	USD/shares	92
2012-07-01 to 2012-12-31	0.1	USD/shares	184

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-0.47	USD/shares	92
2013-07-01 to 2013-12-31	-0.46	USD/shares	184
2012-10-01 to 2012-12-31	0.05	USD/shares	92
2012-07-01 to 2012-12-31	0.1	USD/shares	184

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-1,967,102	USD	92
2013-07-01 to 2013-12-31	-1,918,230	USD	184
2012-10-01 to 2012-12-31	200,569	USD	92
2012-07-01 to 2012-12-31	420,264	USD	184

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2013-12-31	2,147,886	USD
At 2013-06-30	2,337,982	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	171,822	USD	92
2013-07-01 to 2013-12-31	344,352	USD	184
2012-10-01 to 2012-12-31	145,439	USD	92
2012-07-01 to 2012-12-31	293,941	USD	184

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-5,411,750	USD	92
2013-07-01 to 2013-12-31	-5,275,870	USD	184
2012-10-01 to 2012-12-31	566,463	USD	92
2012-07-01 to 2012-12-31	1,181,610	USD	184

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2013-12-31	18,625,125	USD
At 2013-06-30	25,183,012	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2013-12-31	7,181,906	USD
At 2013-06-30	10,566,688	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2013-12-31	3,193,841	USD
At 2013-06-30	2,685,748	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2013-12-31	4,243,410	USD
At 2013-06-30	12,185,162	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	2,857,215	USD	92
2013-07-01 to 2013-12-31	4,974,304	USD	184
2012-10-01 to 2012-12-31	2,191,144	USD	92
2012-07-01 to 2012-12-31	4,827,168	USD	184

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2013-12-31	9,086,664	USD
At 2013-06-30	10,501,172	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-2,554,535	USD	92
2013-07-01 to 2013-12-31	-301,566	USD	184
2012-10-01 to 2012-12-31	2,757,607	USD	92
2012-07-01 to 2012-12-31	6,008,778	USD	184

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	2,745,044	USD	92
2013-07-01 to 2013-12-31	5,570,849	USD	184
2012-10-01 to 2012-12-31	3,003,488	USD	92
2012-07-01 to 2012-12-31	6,022,239	USD	184

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2013-12-31	7,382,706	shares
At 2012-06-30	7,382,706	shares

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2013-12-31	591,060	USD
At 2013-06-30	740,000	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2013-12-31	2,684,302	USD
At 2013-06-30	4,705,454	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2013-12-31	568,492	USD
At 2013-06-30	465,589	USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-3,452,841	USD	92
2013-07-01 to 2013-12-31	-3,373,439	USD	184
2012-10-01 to 2012-12-31	338,688	USD	92
2012-07-01 to 2012-12-31	704,841	USD	184

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	422,178	USD	184
2012-07-01 to 2012-12-31	433,157	USD	184

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	364,539	USD	184
2012-07-01 to 2012-12-31	762,466	USD	184

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2013-10-01 to 2013-12-31	-8,193	USD	92
2013-07-01 to 2013-12-31	-15,799	USD	184
2012-10-01 to 2012-12-31	-27,206	USD	92
2012-07-01 to 2012-12-31	-56,505	USD	184

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	-2,072,009	USD	184
2012-07-01 to 2012-12-31	420,264	USD	184

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	2,029,000	USD	184
2012-07-01 to 2012-12-31	6,674	USD	184

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	-8,026,234	USD	184
2012-07-01 to 2012-12-31	-2,043,236	USD	184

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	345,202	USD	184
2012-07-01 to 2012-12-31	420,832	USD	184

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2013-07-01 to 2013-12-31	244,590	USD	184
2012-07-01 to 2012-12-31	-2,199,398	USD	184

Inspect the source

Entity: Koss Corporation / CIK 0000056701
Captured: 2026-09-19T14:48:37.039Z
SEC response SHA-256: 3bbc929e83c1eef8343953b722954abb693d8b59748e640f8a2fa16223dfab68

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Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000056701.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))