XML 46 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating activities:    
Net income (loss) $ 127,806us-gaap_NetIncomeLoss $ (3,398,560)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Provision for (recoveries of previously written off) doubtful accounts 43,278us-gaap_ProvisionForDoubtfulAccounts (102,567)us-gaap_ProvisionForDoubtfulAccounts
Loss on disposals of fixed assets (14,953)us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets
Impairment of capitalized software, inventory and related items 0koss_Capitalizedsoftwareinventoryandrelateditemsimpairmentwritedown 4,535,747koss_Capitalizedsoftwareinventoryandrelateditemsimpairmentwritedown
Depreciation of equipment and leasehold improvements 437,344us-gaap_DepreciationDepletionAndAmortization 569,027us-gaap_DepreciationDepletionAndAmortization
Amortization of product software development expenditures 0us-gaap_AmortizationOfIntangibleAssets 364,539us-gaap_AmortizationOfIntangibleAssets
Stock-based compensation expense 474,501us-gaap_AllocatedShareBasedCompensationExpense 516,829us-gaap_AllocatedShareBasedCompensationExpense
Deferred income taxes 309,969us-gaap_DeferredIncomeTaxExpenseBenefit (2,434,674)us-gaap_DeferredIncomeTaxExpenseBenefit
Change in cash surrender value of life insurance (114,952)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (86,486)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
Deferred compensation (25,836)us-gaap_IncreaseDecreaseInDeferredCompensation (357,923)us-gaap_IncreaseDecreaseInDeferredCompensation
Net changes in operating assets and liabilities (see note 10) (1,626,541)us-gaap_IncreaseDecreaseInOperatingCapital 4,336,319us-gaap_IncreaseDecreaseInOperatingCapital
Cash provided by (used in) operating activities (359,478)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 3,942,251us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities:    
Life insurance premiums paid (231,781)us-gaap_PaymentsToAcquireLifeInsurancePolicies (243,299)us-gaap_PaymentsToAcquireLifeInsurancePolicies
Purchase of equipment and leasehold improvements (263,574)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (480,497)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash used in investing activities (495,355)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (723,796)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities:    
Dividends paid to stockholders 0us-gaap_PaymentsOfDividends (1,328,887)us-gaap_PaymentsOfDividends
Cash used in financing activities 0us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,328,887)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase (decrease) in cash and cash equivalents (854,833)us-gaap_NetCashProvidedByUsedInContinuingOperations 1,889,568us-gaap_NetCashProvidedByUsedInContinuingOperations
Cash and cash equivalents at beginning of period 1,899,411us-gaap_CashAndCashEquivalentsAtCarryingValue 859,636us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 1,044,578us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,749,204us-gaap_CashAndCashEquivalentsAtCarryingValue