<SEC-DOCUMENT>0001104659-10-039316.txt : 20130305
<SEC-HEADER>0001104659-10-039316.hdr.sgml : 20130305
<ACCEPTANCE-DATETIME>20100723161350
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-10-039316
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20100723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOSS CORP
		CENTRAL INDEX KEY:			0000056701
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
		IRS NUMBER:				391168275
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		4129 N PORT WASHINGTON AVE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53212
		BUSINESS PHONE:		4149645000

	MAIL ADDRESS:	
		STREET 1:		4129 N PORT WASHINGTON AVE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KOSS ELECTRONICS INC
		DATE OF NAME CHANGE:	19721005

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	REK O KUT CO INC
		DATE OF NAME CHANGE:	19680124
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="694" height="102" src="g145731bci001.gif"></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July&nbsp;23, 2010</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">VIA
EDGAR</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jessica Plowgian,&nbsp;Esq.</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ms.&nbsp;Kathryn Jacobson</font></p>
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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Division of Corporate Finance</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100 F Street, N.E.</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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  <p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Washington, D. C. 20549</font></p>
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  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Re:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Koss Corporation<br>
Form&nbsp;10-K for the year ended June&nbsp;30, 2009<br>
Filed August&nbsp;26, 2009<br>
Form&nbsp;10-Q for the fiscal period ended September&nbsp;30, 2009<br>
Filed November&nbsp;6, 2009<br>
Form&nbsp;10-Q for the fiscal period ended December&nbsp;31, 2009<br>
Filed February&nbsp;16, 2010<br>
File No.&nbsp;0-03295</font></p>

<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear
Mss. Plowgian and Jacobson:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Set
forth below are Koss Corporation&#146;s (the &#147;<u>Company</u>&#148;) responses to the
comments in your March&nbsp;8, 2010 letter.&#160;
As a preliminary matter, we note that many of the comments in your March&nbsp;8,
2010 letter are effectively overtaken by subsequent events or were addressed in
the amended periodic reports filed on June&nbsp;30, 2010: Form&nbsp;10-K/A for
the year ended June&nbsp;30, 2009 (the &#147;<u>Form&nbsp;10-K/A</u>&#148;) and the Form&nbsp;10-Q/As
for the quarters ended September&nbsp;30, 2009, December&nbsp;31, 2009 and March&nbsp;31,
2010 (each, a &#147;<u>Form&nbsp;10-Q/A</u>&#148; and, together with the Form&nbsp;10-K/A,
the &#147;<u>Amended Reports</u>&#148;).&#160; If
further detail is suggested or if you have additional comments, we anticipate
addressing them in our Form&nbsp;10-K for the year ended June&nbsp;30, 2010,
which we expect to file ahead of its September&nbsp;28, 2010 due date.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For
your convenience, we have set out each of the comments set forth in the letter
and follow each comment with the response of the Company.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;10-K for the Year Ended June&nbsp;30, 2009</font></u></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consolidated Statements of Stockholders&#146; Investment</font></u></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Tell us the nature of stock compensation
expense included in the carrying amount of common stock with no corresponding
increase in the number of shares. Additionally, please revise your presentation
to segregate the carrying amount of common stock at par value from paid in
capital.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The
presentation was revised to segregate the carrying amount of common stock at
par value from paid-in capital. The previous presentation showed the paid-in
capital impact of stock option expense as an increase to common stock. Now that
the paid-in capital and common stock are shown separately, no additional
disclosure is deemed necessary.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Industry Segment
Information, Foreign Sales and Significant Customers</font></u></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please disclose the revenues from external
customers attributed to an individual foreign country, if material.&#160; Additionally, please disclose the basis for
attributing revenues from external customers to individual countries.&#160; In this regard, we note on page&nbsp;eight
that you receive a material portion of your revenues and profits from
businesses in Canada and Europe.&#160; Refer
to ASC 280-10-50-41.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The vast
majority of sales are from the US and Scandinavia.&#160; Walmart is the largest customer in the US and
that is disclosed.&#160; A Scandinavian
distributor was the second largest customer and that was disclosed in the Form&nbsp;10-K/A.&#160; For 2010, the Scandinavian distributor was
our largest customer and it will be disclosed in the Form&nbsp;10-K for the
year ended June&nbsp;30, 2010.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liquidity and Capital Resources</font></u></p>

<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; We note your disclosure on page&nbsp;22 that
production tooling, which increased from $9.6 million in fiscal 2008 to $11.4
million in fiscal 2009, accounted for most of your capital expenditures.&#160; Tell us the nature of the production tooling and
the reason for the significant increase in fiscal 2009.&#160; Additionally, tell us whether you expect
production tooling to account for most of the budgeted capital expenditures for
fiscal year 2010 and why.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Production
tooling was a significant portion of the capital expenditures.&#160; The production tooling is for variations to
products and for preparation of new products expected to be introduced in
2011.&#160; However, expenditures for product </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_225635_5335"></a></font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">software
for new products to be introduced in 2011 exceeded tooling expenditures. In the
Amended Reports, the expenditures for product software development were
segregated in the consolidated statements of cash flows.&#160; In the consolidated balance sheets, the carrying
amount for product software development costs were reported as an other asset
and segregated from equipment and leasehold improvements.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; We note your disclosure that you expect to
generate sufficient funds through operations to fund your expected capital
expenditures for the fiscal year 2010.&#160;
Expand your disclosure to address whether you anticipate generating
sufficient funds to meet your anticipated working capital needs.&#160; Please also provide a more detailed
discussion of your ability to meet your long-term liquidity needs.&#160; We consider &#147;long-term&#148; to be the period in
excess of the next twelve months.&#160; See Section&nbsp;III.C
of Release no. 34-26831 and footnote 43 of Release no. 34-48960.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In the Form&nbsp;10-K/A,
the disclosure was not expanded because we were restating information through June&nbsp;30,
2009.&#160; We will expand our disclosures in
the Form&nbsp;10-K for the year ended June&nbsp;30, 2010 to include discussion
on our ability to meet long-term liquidity needs.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">2009
Results of Operations Compared with 2008</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please expand your disclosure to describe
the nature of your research and development efforts and why these doubled from
$981,000 during fiscal 2008 to $1,948,000 during fiscal 2009.&#160; In this regard, we note the absence of disclosure
on new products or innovations in the business section.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The disclosure
is revised to reflect the restated financial information.&#160;&#160; In addition, we added discussion of new
products and the expected timing for their introduction.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;10-Q
for the Quarterly Period Ended September&nbsp;30, 2009</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Management&#146;s
Discussion and Analysis of Financial Condition and Results of Operations</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please expand your disclosure to account for
the significant increases in accounts receivable, inventories other current
assets which entailed a significant use of cash, despite declining sales.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The balances in
the accounts were restated and the disclosure is revised to explain the
changes.</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_225938_5796"></a></font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;10-Q
for the Quarterly Period Ended December&nbsp;31, 2009</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">General</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please amend to include the required
management certifications as Exhibits 31 and 31.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The required
management certifications have been included in the Amended Reports.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Explanatory
Note</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please revise your disclosure to explain how
the company discovered evidence of the unauthorized transactions and explain
why these transactions were not detected earlier.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Explanatory
Note of the Form&nbsp;10-K/A, which supplements and is incorporated by
reference into each of the Form&nbsp;10-QAs, and Item 4 (Controls and
Procedures) of each of the Amended Reports provide details about the discovery
of the unauthorized transactions and the circumvention of the Company&#146;s controls
and procedures.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; We note that you intend to file restated
financial statements dating back to your Form&nbsp;10-K for the year ended June&nbsp;30,
2008.&#160; We also note that the unauthorized
transactions date back to fiscal 2005.&#160;
Explain why you are not restating your periodic reports covering these
earlier periods.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Company
submitted a letter to the staff on May&nbsp;7, 2010 setting forth the basis for
the Company&#146;s plan to file restated financial statements dating back to the Form&nbsp;10-K
for the year ended June&nbsp;30, 2009, which would include audited financial
statements for the years ended June&nbsp;30, 2009 and 2008.&#160; We were advised on May&nbsp;20, 2010 that
that the SEC staff did not object to the Company&#146;s plan.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Liquidity
and Capital Resources</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="2" style="font-size:10.0pt;">&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; Please revise your disclosure to identify
the source of your increased cash and cash equivalents since December&nbsp;31,
2009.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Disclosures are
included in the Form&nbsp;10-Q/A for the period ended March&nbsp;31, 2010 to
explain changes in working capital.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_230024_2897"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Controls
and Procedures</font></u></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="2" style="font-size:10.0pt;">&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; We note your statement that &#147;[i]t is
possible for even the best control system to be circumvented by those with the
intent, knowledge and opportunity to do so.&#148;&#160;
We also note that your Form&nbsp;10-Q does not contain financial
statements, management certifications and other material information.&#160; Please clarify the basis for management&#146;s
belief that the company&#146;s system of disclosure controls and procedures provided
&#147;reasonable assurance&#148; that they were effective in light of these material
omissions; otherwise, revise to state that your disclosure controls and
procedures were ineffective as of the quarter ended December&nbsp;31,
2009.&#160; Please comply with this comment
for all periods covered by your amended filings.</font></p>

<p style="margin:0in 0in .0001pt 66.0pt;text-indent:-66.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The disclosure
regarding the Company&#146;s disclosure controls and procedures is revised in each
of the Amended Reports.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="2" style="font-size:10.0pt;">&#160; </font><font size="2" style="font-size:10.0pt;">Comment:&#160;&#160;&#160; We note that the company undertook &#147;numerous
actions&#148; in response to the discovery of the unauthorized transaction.&#160; We note the company&#146;s statement that &#147;no
formal changes in the Company&#146;s internal control over financial reporting
during the Company&#146;s most recent quarter that have materially affected, or are
reasonably likely to materially affect, the Company&#146;s internal control over
financial reporting.&#148;&#160; Tell us why you do
not consider your changes made in response to the unauthorized transactions &#147;formal
changes . . . that are expected to materially affect&#148; your internal control
over financial reporting.&#160; We note that
safeguarding of assets is a part of a company&#146;s internal control over financial
reporting.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Response:</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The disclosure
regarding the Company&#146;s internal control over financial reporting has been
revised in each of the Amended Reports.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_230331_3020"></a></font></p>

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<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
Company acknowledges that:</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Company is
responsible for the adequacy and accuracy of the disclosure in the filings;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">staff comments
or changes to disclosure in response to staff comments do not foreclose the
Commission from taking any action with respect to the filings; and</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Company may
not assert staff comments as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the United
States.</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
you have any questions with respect to the foregoing, please feel free to call
me at (414) 964-5000.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Very
  truly yours,</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>
  </td>
  <td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">/s/
  David D. Smith</font></i></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David
  D. Smith</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief
  Financial Officer</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt 4.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">cc:&#160;&#160; Mr.&nbsp;Michael Koss, Koss Corporation</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&nbsp;John Garda, K&amp;L Gates LLP</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mr.&nbsp;Alan Berkeley, K&amp;L Gates LLP</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6<a name="PB_6_230404_7748"></a></font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
