Koss Corporation: 10-Q filed 2017-10-27

Name: Koss Corporation: 10-Q filed 2017-10-27
Creator: Koss Corporation

What Koss Corporation reported in its quarterly report filed 2017-10-27 (fiscal Q1 2018): 31 published measures, 64 facts as tagged in accession 0000056701-17-000044.

This filing

Form: 10-Q (quarterly report)
Filed: 2017-10-27
Fiscal period: fiscal Q1 2018
Accession: 0000056701-17-000044 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 2017-09-30	23,727,555	USD
At 2017-06-30	23,423,653	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-09-30	6,054,702	USD
At 2017-06-30	5,851,341	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2017-09-30	17,672,853	USD
At 2017-06-30	17,572,312	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 2017-09-30	241,148	USD
At 2017-06-30	432,283	USD
At 2016-09-30	459,921	USD
At 2016-06-30	735,393	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
2017-07-01 to 2017-09-30	17,500	USD	92
2016-07-01 to 2016-09-30	84,211	USD	92

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
2017-07-01 to 2017-09-30	157,242	USD	92
2016-07-01 to 2016-09-30	206,309	USD	92

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 2017-09-30	12,132,188	USD
At 2017-06-30	12,114,688	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
2017-07-01 to 2017-09-30	7,382,706	shares	92
2016-07-01 to 2016-09-30	7,382,706	shares	92

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
2017-07-01 to 2017-09-30	0	USD/shares	92
2016-07-01 to 2016-09-30	0.01	USD/shares	92

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
2017-07-01 to 2017-09-30	0	USD/shares	92
2016-07-01 to 2016-09-30	0.01	USD/shares	92

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
2017-07-01 to 2017-09-30	20,465	USD	92
2016-07-01 to 2016-09-30	43,931	USD	92

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 2017-09-30	1,433,974	USD
At 2017-06-30	1,408,091	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 2017-09-30	12,978,535	USD
At 2017-06-30	12,948,376	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
2017-07-01 to 2017-09-30	2,692	USD	92
2016-07-01 to 2016-09-30	846	USD	92

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 2017-09-30	3,588,878	USD
At 2017-06-30	3,392,505	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 2017-09-30	2,433,391	USD
At 2017-06-30	2,243,110	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 2017-09-30	3,965,214	USD
At 2017-06-30	3,931,541	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 2017-09-30	8,371,937	USD
At 2017-06-30	8,345,343	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
2017-07-01 to 2017-09-30	1,673,954	USD	92
2016-07-01 to 2016-09-30	1,942,259	USD	92

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
2017-07-01 to 2017-09-30	1,647,706	USD	92
2016-07-01 to 2016-09-30	1,775,771	USD	92

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 2017-09-30	7,382,706	shares
At 2017-06-30	7,382,706	shares

Other noncurrent assets

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

Period	Value	Unit	Days
At 2017-09-30	9,315,046	USD
At 2017-06-30	9,067,186	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 2017-09-30	163,000	USD
At 2017-06-30	164,418	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 2017-09-30	1,155,487	USD
At 2017-06-30	1,149,395	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 2017-09-30	332,629	USD
At 2017-06-30	206,395	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
2017-07-01 to 2017-09-30	131,359	USD	92
2016-07-01 to 2016-09-30	123,837	USD	92

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
2017-07-01 to 2017-09-30	55,258	USD	92
2016-07-01 to 2016-09-30	66,990	USD	92

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
2017-07-01 to 2017-09-30	0	USD	92
2016-07-01 to 2016-09-30	10	USD	92

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
2017-07-01 to 2017-09-30	30,020	USD	92
2016-07-01 to 2016-09-30	-270,170	USD	92

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
2017-07-01 to 2017-09-30	26,594	USD	92
2016-07-01 to 2016-09-30	-1,207,792	USD	92

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
2017-07-01 to 2017-09-30	190,281	USD	92
2016-07-01 to 2016-09-30	-1,332,411	USD	92

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.

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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"])))