Koss Corporation: 10-K filed 2019-08-30

Name: Koss Corporation: 10-K filed 2019-08-30
Creator: Koss Corporation

What Koss Corporation reported in its annual report filed 2019-08-30 (fiscal FY 2019): 43 published measures, 85 facts as tagged in accession 0001437749-19-017702.

This filing

Form: 10-K (annual report)
Filed: 2019-08-30
Fiscal period: fiscal FY 2019
Accession: 0001437749-19-017702 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 2019-06-30	23,235,282	USD
At 2018-06-30	22,777,848	USD

Total liabilities

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

Period	Value	Unit	Days
At 2019-06-30	8,163,181	USD
At 2018-06-30	8,574,094	USD

Stockholders equity

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

Period	Value	Unit
At 2019-06-30	15,072,101	USD
At 2018-06-30	14,203,754	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 2019-06-30	2,228,282	USD
At 2018-06-30	1,081,533	USD
At 2017-06-30	432,283	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
2018-07-01 to 2019-06-30	434,114	USD	365
2017-07-01 to 2018-06-30	-3,411,220	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-07-01 to 2019-06-30	1,411,065	USD	365
2017-07-01 to 2018-06-30	1,031,087	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
2018-07-01 to 2019-06-30	187,756	USD	365
2017-07-01 to 2018-06-30	250,618	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-07-01 to 2019-06-30	46,677	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-07-01 to 2019-06-30	-310,993	USD	365
2017-07-01 to 2018-06-30	-381,837	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 2019-06-30	8,848,684	USD
At 2018-06-30	8,414,570	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
2018-07-01 to 2019-06-30	7,401,030	shares	365
2017-07-01 to 2018-06-30	7,382,706	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2018-07-01 to 2019-06-30	7,407,827	shares	365
2017-07-01 to 2018-06-30	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
2018-07-01 to 2019-06-30	0.06	USD/shares	365
2017-07-01 to 2018-06-30	-0.46	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
2018-07-01 to 2019-06-30	0.06	USD/shares	365
2017-07-01 to 2018-06-30	-0.46	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
2018-07-01 to 2019-06-30	-26,503	USD	365
2017-07-01 to 2018-06-30	3,041,844	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 2019-06-30	890,110	USD
At 2018-06-30	1,132,105	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
2018-07-01 to 2019-06-30	387,556	USD	365
2017-07-01 to 2018-06-30	331,560	USD	365

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
2018-07-01 to 2019-06-30	404,433	USD	365
2017-07-01 to 2018-06-30	-364,158	USD	365

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 2019-06-30	12,914,422	USD
At 2018-06-30	12,169,108	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 2019-06-30	2,997,799	USD
At 2018-06-30	3,163,775	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 2019-06-30	1,436,373	USD
At 2018-06-30	1,429,491	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 2019-06-30	3,655,143	USD
At 2018-06-30	4,709,745	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 2019-06-30	6,851,448	USD
At 2018-06-30	6,138,679	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
2018-07-01 to 2019-06-30	6,819,874	USD	365
2017-07-01 to 2018-06-30	6,555,998	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
2018-07-01 to 2019-06-30	6,415,441	USD	365
2017-07-01 to 2018-06-30	6,920,156	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 2019-06-30	7,404,831	shares
At 2018-06-30	7,382,706	shares

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2019-06-30	2,847,846	USD
At 2018-06-30	3,102,263	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2019-06-30	2,847,845	USD

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 2019-06-30	8,606,805	USD
At 2018-06-30	8,495,239	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 2019-06-30	7,716,695	USD
At 2018-06-30	7,363,134	USD

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 2019-06-30	9,430,750	USD
At 2018-06-30	9,476,635	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 2019-06-30	650,513	USD
At 2018-06-30	788,961	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 2019-06-30	133,889	USD
At 2018-06-30	206,776	USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

Period	Value	Unit	Days
At 2019-06-30	645,470	USD
At 2018-06-30	690,905	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 2019-06-30	15,481	USD
At 2018-06-30	348	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
2018-07-01 to 2019-06-30	429,750	USD	365
2017-07-01 to 2018-06-30	526,261	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
2018-07-01 to 2019-06-30	-13,276	USD	365
2017-07-01 to 2018-06-30	3,041,405	USD	365

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2017-07-01 to 2018-06-30	5,218	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
2018-07-01 to 2019-06-30	1,620	USD	365
2017-07-01 to 2018-06-30	3,182	USD	365

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2018-07-01 to 2019-06-30	380,000	USD	365
2017-07-01 to 2018-06-30	380,000	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
2018-07-01 to 2019-06-30	-1,031,180	USD	365
2017-07-01 to 2018-06-30	773,330	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
2018-07-01 to 2019-06-30	712,769	USD	365
2017-07-01 to 2018-06-30	-2,206,664	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
2018-07-01 to 2019-06-30	6,882	USD	365
2017-07-01 to 2018-06-30	-813,619	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"])))