Koss corp (KOSS)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10
Net (loss) income

-97

-215

-310

151

137

103

41

270

-763

-2,940

21

-70

-1,117

140

84

233

869

386

-100

354

57

165

-94

-2,154

-25

-3,452

79

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115

338

366

931

896

831

280

1,787

640

1,382

562

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
(Recovery of) provision for doubtful accounts

4

-15

2

19

-26

-12

42

-7

6

-0

-3

2

-3

-2

0

49

-6

0

-14

-17

13

18

11

-79

-18

15

-100

-

-

3

2

141

-20

5

8

143

-32

-62

73

Loss on disposal of equipment and leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-35

-5

0

0

-11

0

-3

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation of equipment and leasehold improvements

69

94

94

92

88

123

125

141

121

132

131

127

120

130

123

119

115

128

123

122

108

167

161

165

146

212

209

212

194

218

214

190

167

177

166

114

133

158

158

Stock-based compensation expense

-

-

-

-

-

-

-

-

82

82

83

84

88

88

88

77

121

129

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of product software development expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

364

397

397

397

364

142

0

0

0

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

156

156

155

162

167

172

171

172

-

-

-

-

-

100

137

124

-

-

-

-

Stock-based compensation expense

143

136

148

4

132

128

122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

146

145

148

-

-

-

-

110

110

110

110

Deferred income taxes

1

8

3

-

-

-

-

0

0

2,982

58

-19

113

9

66

398

256

-13

60

-25

171

41

96

-173

-362

-2,142

70

319

-9

200

219

342

-788

615

172

654

313

187

63

Change in cash surrender value of life insurance

10

0

144

37

10

0

24

36

9

-0

172

36

7

-0

181

35

9

-1

133

35

9

-1

106

34

7

-3

81

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred revenue

-

-

-

-

-

-

-

-

-7

-6

-95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

10

-0

6

103

8

-2

5

89

9

-3

-3

Change in deferred compensation accrual

0

0

37

43

43

43

43

111

45

45

45

140

38

38

38

186

-3

38

9

13

-26

0

0

147

-118

-158

-81

16

33

90

57

102

41

41

41

56

56

56

56

Deferred compensation paid

37

37

37

37

37

37

37

37

37

37

37

37

37

37

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net changes in operating assets and liabilities:
Accounts receivable

1,090

-680

-520

-

-224

-589

-1,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-1,709

-157

7

-

-456

788

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

153

3

97

-

8

-55

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-45

8

2

-

9

0

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-420

257

-864

-

-582

657

-296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-126

50

61

-

103

-247

96

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-50

-127

-25

45

-14

31

-113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-13

975

-622

-425

482

646

707

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Deferred compensation paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

0

37

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net changes in operating assets and liabilities (see note 10)

-

-

-

-

-

-

-

-

-1,690

-33

-64

474

-774

-109

121

978

2,559

-1,925

1,066

499

148

-1,418

2,896

159

-555

100

-3,881

4,809

-752

-447

2,405

-165

-1,049

-234

1,394

-588

1,308

-143

2,098

Cash provided by operating activities

-

-

-

-

-

-

-

-

1,130

291

96

-283

-22

477

62

-24

-1,180

2,563

-1,043

18

333

1,968

-2,662

-350

342

-916

4,515

952

1,614

1,967

-1,037

2,030

1,438

2,045

-606

3,438

-47

2,020

-1,070

Purchase of equipment and leasehold improvements

151

75

163

69

6

97

14

0

20

72

157

38

29

129

206

157

32

213

46

63

40

42

180

55

44

200

235

222

78

60

294

-20

3

-49

420

574

445

261

135

Life insurance premiums paid

0

0

112

0

0

0

122

0

0

0

130

0

1

0

131

0

0

0

129

0

0

0

231

0

0

0

242

0

0

0

257

0

0

0

347

0

0

0

348

Net cash (used in) investing activities

-151

-75

-276

-69

-6

-97

-137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities:
Product software development expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

22

22

177

254

503

210

193

190

191

288

Cash (used in) investing activities

-

-

-

-

-

-

-

-

-20

-73

-287

-38

-31

-129

-337

-158

-32

-213

-175

-63

-40

-42

-411

-56

-45

-201

-477

-155

-101

-83

-574

-157

-258

-453

-977

-768

-635

-452

-772

Proceeds from exercise of stock options

-

-

-

0

0

0

46

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

0

0

0

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-165

899

-898

-494

476

548

616

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from line of credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

-

-

-

1,300

-

-

-

0

-

-

-1,000

2,200

-1,500

-800

-1,200

2,100

-

-

-

-

Net proceeds from line of credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,100

-1,075

2,325

Dividends paid to stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

442

442

442

442

442

0

885

442

442

442

442

442

442

442

442

442

Cash provided by financing activities

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

400

-

-

-

1,300

-442

-442

-442

-442

-442

-1,200

-1,885

1,757

-1,942

-1,242

-1,642

1,657

-2,642

602

-1,517

1,882

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

1,110

218

-191

-321

-53

347

-275

-182

-1,213

1,950

-819

-44

293

625

-1,774

-849

-145

-1,560

3,595

353

312

-1

145

-69

-62

-51

73

27

-81

49

39