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Note 8 - Goodwill and Intangible Assets | 12 Months Ended
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Sep. 30, 2018
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 8 . GOODWILL AND INTANGIBLE ASSETS On January 18, 2018, the Company recorded intangible assets of $1,850,000 and goodwill of $2,603,688 in connection with the acquisition of Genasys, as described in Note 4, Acquisition. These intangible assets and goodwill are translated from Euros to U.S. dollars at the balance sheet date. Intangible assets, net of amortization, were $1,557,346 and goodwill was $2,445,990 at September 30, 2018. The goodwill attributable to the acquisition of Genasys is due to combining the mass messaging solutions and software development capabilities with existing LRAD products for enhanced offerings and the skill level of the workforce. The Company will continue to analyze the transaction and refine its calculation, as appropriate during the measurement period, which could affect the value of goodwill. Subsequent to the measurement period, the Company will periodically review goodwill for impairment in accordance with relevant accounting standards. During the year ended September 30, 2018, the Company determined that certain patents were impaired. These patents supported products that are no longer sold by the Company. The Company recorded a non-cash loss on the impairment of these patents of $11,133 for the year ended September 30, 2018. There was no impairment loss for the year ended September 30, 2017. The Company’s intangible assets consisted of the following:
|  | September 30, |
|  | 2018 |  |  | 2017 |
Technology |  | $ | 648,208 |  |  | $ | - |
Customer relationships |  |  | 620,026 |  |  |  | - |
Trade name portfolio |  |  | 225,464 |  |  |  | - |
Non-compete agreements |  |  | 244,252 |  |  |  | - |
Patents |  |  | 72,126 |  |  |  | 108,247 |
|  |  | 1,810,076 |  |  |  | 108,247 |
Accumulated amortization |  |  | (252,730 | ) |  |  | (52,558 | )
|  | $ | 1,557,346 |  |  | $ | 55,689 |
|  | Year Ended September 30, |
|  | 2018 |  |  | 2017 |
Amortization expense |  | $ | 231,901 |  |  | $ | 7,216 |
Estimated Amortization Expense for the Years ended September 30, |
2019 |  | $ | 312,493 |
2020 |  |  | 312,493 |
2021 |  |  | 254,819 |
2022 |  |  | 231,075 |
2023 |  |  | 200,400 |
Thereafter |  |  | 246,066 |
Total estimated amortization expense |  | $ | 1,557,346 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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