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Note 10 - Accrued and Other Liabilities | 12 Months Ended
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Sep. 30, 2018
Notes to Financial Statements |
Current and Noncurrent Accrued Liabilities [Text Block] | 10 . ACCRUED AND OTHER LIABILITIES Accrued liabilities consisted of the following:
|  | September 30, |
|  | 2018 |  |  | 2017 |
Payroll and related |  | $ | 2,041,735 |  |  | $ | 1,870,579 |
Deferred revenue |  |  | 659,682 |  |  |  | 343,163 |
Accrued contract costs |  |  | 197,034 |  |  |  | 197,034 |
Severance |  |  | 152,730 |  |  |  | - |
Warranty reserve |  |  | 99,216 |  |  |  | 104,518 |
Deferred rent |  |  | 49,467 |  |  |  | 46,101 |
Total |  | $ | 3,199,864 |  |  | $ | 2,561,395 |
Other liabilities - noncurrent consisted of the following:
|  | September 30, |
|  | 2018 |  |  | 2017 |
Deferred rent |  | $ | 1,663,058 |  |  |  | - |
Deferred extended warranty revenue |  |  | 76,372 |  |  |  | - |
Total |  | $ | 1,739,430 |  |  | $ | - |
Payroll and related Accrued payroll and related consisted primarily of accrued bonus, accrued vacation, accrued sales commissions and benefits at September 30, 2018 and 2017. Deferred Revenue Deferred revenue at September 30, 2018 included prepayments from customers on current orders scheduled for delivery in the year ended September 30, 2019. Severance Severance liability at September 30, 2018 consisted of accrued payments to former employees of Genasys payable during the year ended September 30, 2019. Deferred Rent Deferred rent liability as September 30, 2018 consists of the difference between the average rental amount charged to expense and amounts payable under the lease for the Company’s office space. Deferred rent also includes cash and amounts receivable from the landlord in the aggregate amount of $1,712,525 to compensate for costs incurred by the Company to make the office space ready for operation (leasehold incentives). Leasehold incentives received from a landlord are deferred and recognized on a straight-line basis as a reduction to rent expense over the lease term. Warranty Reserve Details of the estimated warranty reserve were as follows:
|  | September 30, |
|  | 2018 |  |  | 2017 |
Beginning balance |  | $ | 104,518 |  |  | $ | 243,423 |
Warranty provision |  |  | 6,093 |  |  |  | (70,946 | )
Warranty settlements |  |  | (11,395 | ) |  |  | (67,959 | )
Ending balance |  | $ | 99,216 |  |  | $ | 104,518 |
The Company establishes a warranty reserve based on anticipated warranty claims at the time product revenue is recognized. Factors affecting warranty reserve levels include the number of units sold, anticipated cost of warranty repairs and anticipated rates of warranty claims. The Company evaluates the adequacy of the provision for warranty costs each reporting period and in the fourth quarter of fiscal 2018 decreased the accrued warranty liability by $23,890 to an amount equal to estimated warranty expense for products currently under warranty. Accrued contract costs Accrued contract costs consist of accrued expenses for contracting a third party service provider to fulfill repair and maintenance obligations required under a contract through 2019 with a foreign military for units sold in the year ended September 30, 2011. Payments to the service provider will be made annually upon completion of each year of service. These services are being recorded in cost of revenues to correspond with the revenues for these services.

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