Koss Corporation: 10-K filed 2016-08-25

Name: Koss Corporation: 10-K filed 2016-08-25
Creator: Koss Corporation

What Koss Corporation reported in its annual report filed 2016-08-25 (fiscal FY 2016): 34 published measures, 70 facts as tagged in accession 0000056701-16-000084.

This filing

Form: 10-K (annual report)
Filed: 2016-08-25
Fiscal period: fiscal FY 2016
Accession: 0000056701-16-000084 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 2016-06-30	24,120,471	USD
At 2015-06-30	22,427,013	USD

Total liabilities

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

Period	Value	Unit	Days
At 2016-06-30	5,934,277	USD
At 2015-06-30	6,073,994	USD

Stockholders equity

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

Period	Value	Unit
At 2016-06-30	18,186,194	USD
At 2015-06-30	16,353,019	USD
At 2014-06-30	15,239,867	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 2016-06-30	735,393	USD
At 2015-06-30	1,000,266	USD
At 2014-06-30	1,899,411	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2015-07-01 to 2016-06-30	1,389,000	USD	366
2014-07-01 to 2015-06-30	482,613	USD	365

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
2015-07-01 to 2016-06-30	449,796	USD	366
2014-07-01 to 2015-06-30	326,613	USD	365

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 2016-06-30	13,078,324	USD
At 2015-06-30	11,689,324	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
2015-07-01 to 2016-06-30	7,382,706	shares	366
2014-07-01 to 2015-06-30	7,382,706	shares	365

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
2015-07-01 to 2016-06-30	0.19	USD/shares	366
2014-07-01 to 2015-06-30	0.07	USD/shares	365

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
2015-07-01 to 2016-06-30	0.19	USD/shares	366
2014-07-01 to 2015-06-30	0.07	USD/shares	365

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
2015-07-01 to 2016-06-30	874,038	USD	366
2014-07-01 to 2015-06-30	17,375	USD	365

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 2016-06-30	1,514,472	USD
At 2015-06-30	1,592,520	USD

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 2016-06-30	13,726,338	USD
At 2015-06-30	11,560,261	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2015-07-01 to 2016-06-30	6,075	USD	366
2014-07-01 to 2015-06-30	12,813	USD	365

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 2016-06-30	3,568,308	USD
At 2015-06-30	3,747,281	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 2016-06-30	1,966,656	USD
At 2015-06-30	2,172,254	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 2016-06-30	3,530,854	USD
At 2015-06-30	2,823,980	USD

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 2016-06-30	8,595,485	USD
At 2015-06-30	7,182,440	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
2015-07-01 to 2016-06-30	8,942,572	USD	366
2014-07-01 to 2015-06-30	8,448,567	USD	365

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
2015-07-01 to 2016-06-30	7,959,460	USD	366
2014-07-01 to 2015-06-30	7,904,739	USD	365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2015-07-01 to 2016-06-30	91,259	USD	366
2014-07-01 to 2015-06-30	0	USD	365

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 2016-06-30	7,382,706	shares
At 2015-06-30	7,382,706	shares

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2016-06-30	8,885,796	USD
At 2015-06-30	9,214,209	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2016-06-30	7,371,324	USD
At 2015-06-30	7,621,689	USD

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 2016-06-30	178,255	USD
At 2015-06-30	219,227	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 2016-06-30	1,601,652	USD
At 2015-06-30	1,575,027	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 2016-06-30	281,099	USD
At 2015-06-30	348,044	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2016-06-30	3,282,889	USD
At 2015-06-30	3,919,240	USD

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
2015-07-01 to 2016-06-30	487,134	USD	366
2014-07-01 to 2015-06-30	559,631	USD	365

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
2015-07-01 to 2016-06-30	702,013	USD	366
2014-07-01 to 2015-06-30	284,783	USD	365

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
2015-07-01 to 2016-06-30	558,202	USD	366
2014-07-01 to 2015-06-30	-985,585	USD	365

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
2015-07-01 to 2016-06-30	735,388	USD	366
2014-07-01 to 2015-06-30	-311,182	USD	365

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
2015-07-01 to 2016-06-30	1,413,045	USD	366
2014-07-01 to 2015-06-30	127,508	USD	365

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
2015-07-01 to 2016-06-30	-205,598	USD	366
2014-07-01 to 2015-06-30	-292,501	USD	365

Inspect the source

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

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python

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"])))