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UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES (Notes)
 3 Months Ended
Sep. 30, 2012
Unauthorized Transactions, Related Costs and Recoveries [Abstract]  
UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES
UNAUTHORIZED TRANSACTION RELATED COSTS AND RECOVERIES
 
In December 2009, Koss Corporation (the "Company") learned of significant unauthorized transactions, which totaled approximately $31,500,000 from fiscal year 2005 through December 2009 as previously reported. 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 months ended September 30, 2012 and 2011, these costs and recoveries were as follows:
 
 
Three Months Ended
 
 
September 30
 
 
2012
 
2011
Legal fees incurred
 
$
71,304

 
$
448,906

 
 
 
 
 
Recoveries:
 
 
 
 
    Insurance proceeds
 
(13,108
)
 
(499,320
)
    Proceeds from asset forfeitures
 
(440,923
)
 
—

Total recoveries
 
(454,031
)
 
(499,320
)
 
 
 
 
 
Unauthorized transaction related recoveries, net
 
$
(382,727
)
 
$
(50,414
)