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UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES (Notes)
 6 Months Ended
Dec. 31, 2012
Unauthorized Transactions, Related Costs and Recoveries [Abstract]  
UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES
UNAUTHORIZED TRANSACTION RELATED RECOVERIES
 
In 2009, Koss Corporation (the "Company") learned of significant unauthorized transactions, details of which have been disclosed in depth in the Company's previous periodic reports filed with the SEC. The unauthorized transaction related recoveries, net line in the Condensed Statements of Income is comprised of legal defense costs, legal fees related to certain claims against third parties (see Note 14), and recoveries related to the unauthorized transactions which are summarized below. For the three and six months ended December 31, 2012 and 2011, these costs and recoveries were as follows:
 
 
Three Months Ended
 
Six Months Ended
 
 
December 31
 
December 31
 
 
2012
 
2011
 
2012
 
2011
Legal fees incurred
 
$
81,008

 
$
228,268

 
$
152,312

 
$
677,174

 
 
 
 
 
 
 
 
 
Recoveries:
 
 
 
 
 
 
 
 
    Insurance proceeds
 
(1,215
)
 
(279,840
)
 
(14,322
)
 
(779,160
)
    401(k) and KESOT proceeds
 
—

 
(175,528
)
 
—

 
(175,528
)
    Proceeds from asset forfeitures
 
(892,137
)
 
—

 
(1,333,061
)
 
—

    CEO bonus reimbursements
 
—

 
(242,419
)
 
—

 
(242,419
)
Total recoveries
 
(893,352
)
 
(697,787
)
 
(1,347,383
)
 
(1,197,107
)
 
 
 
 
 
 
 
 
 
Unauthorized transaction related recoveries, net
 
$
(812,344
)
 
$
(469,519
)
 
$
(1,195,071
)
 
$
(519,933
)