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Note 4 - Acquisition (Tables) | 12 Months Ended
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Sep. 30, 2018
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Cash paid at closing |  | $ | 2,826,189 |
Acquisition escrow liability |  |  | 185,250 |
Total consideration |  | $ | 3,011,439 |
Assets Acquired |  |  |  |
Cash and restricted cash acquired |  | $ | 579,644 |
Accounts receivable |  |  | 426,940 |
Fixed assets |  |  | 5,712 |
Intangible assets |  |  | 1,850,000 |
Goodwill |  |  | 2,603,688 |
Other assets |  |  | 54,520 |
Total assets acquired |  |  | 5,520,504 |
Liabilities assumed |  |  |  |
Accounts payable |  |  | 275,653 |
Accrued expenses and other liabilities |  |  | 315,817 |
Severance obligation |  |  | 397,558 |
Debt |  |  | 1,520,037 |
Total liabilities assumed |  |  | 2,509,065 |
Net assets acquired |  | $ | 3,011,439 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] |
|  | Fair Value |  |  | Useful Lives (in years) |
Technology |  | $ | 690,000 |  |  |  | 7 |
Customer relationships |  |  | 660,000 |  |  |  | 7 |
Trade name portfolio |  |  | 240,000 |  |  |  | 5 |
Non-compete agreements |  |  | 260,000 |  |  |  | 3 |
|  | $ | 1,850,000 |  |  |  |  |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Year ended September 30, |
|  | 2018 |  |  | 2017 |
Net Revenues |  | $ | 27,255,960 |  |  | $ | 22,381,779 |
Net Loss |  |  | (3,428,191 | ) |  |  | (969,195 | )
Basic and diluted loss per share |  | $ | (0.11 | ) |  | $ | (0.03 | )
Business Acquisition, Reconciliation of Actual Net Revenue and Net Income to Pro Forma Net Revenue and Net Income [Table Text Block] |
|  | September 30, 2018 |  |  | September 30, 2017 |
|  | Net revenues |  |  | Net income (loss) |  |  | Net revenues |  |  | Net income (loss) |
LRAD actual results |  | $ | 24,836,795 |  |  | $ | (3,629,853 | ) |  | $ | 20,314,178 |  |  | $ | (876,754 | )
Genasys actual results |  |  | 2,419,165 |  |  |  | 158,264 |  |  |  | 2,067,601 |  |  |  | 64,012 |
Pro forma adjustments |  |  | - |  |  |  | 43,398 |  |  |  | - |  |  |  | (156,453 | )
Pro forma results |  | $ | 27,255,960 |  |  | $ | (3,428,191 | ) |  | $ | 22,381,779 |  |  | $ | (969,195 | )
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] |
|  | Year ended September 30, |
|  | 2018 |  |  | 2017 |
Acquisition costs |  | $ | 371,331 |  |  | $ | 41,016 |
Amortization costs |  |  | (316,396 | ) |  |  | (292,078 | )
Tax effect of adjustments |  |  | (11,537 | ) |  |  | 94,609 |
Pro forma adjustments |  | $ | 43,398 |  |  | $ | (156,453 | )

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