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Note 17 - Segment Information

12 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

1

7

.

SEGMENT INFORMATION

The Company is engaged in the design, development and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. The Company operates in

two

business segments: Hardware (LRAD) and Software (Genasys) and its principle markets are North and South America, Europe, Middle East and Asia. As reviewed by the Company’s chief operating decision maker, the Company evaluates the performance of each segment based on sales and operating income. Cash and cash equivalents, marketable securities, accounts receivable, inventory, property and equipment, deferred tax assets, goodwill and intangible assets are primary assets identified by segment. The accounting policies for segment reporting are the same for the Company as a whole and transactions between the

two

operating segments are

not

material.

The following table presents the Company’s segment disclosures:

		Year ended
		September 30, 2018				September 30, 2017
Revenue from external customers
LRAD		$	24,836,795			$	20,314,178
Genasys			1,469,995				-
		$	26,306,790			$	20,314,178
Intercompany revenues
LRAD		$	-			$	-
Genasys			313,110				-
		$	313,110			$	-
Segment operating loss
LRAD		$	(1,387,902	)		$	(807,740	)
Genasys			(88,563	)			-
		$	(1,476,465	)		$	(807,740	)
Other expenses:
Depreciation and amortization expense
LRAD		$	254,618			$	153,283
Genasys			228,469				-
		$	483,087			$	153,283
Interest expense
LRAD		$	-			$	-
Genasys			20,949				-
		$	20,949			$	-
Income tax expense
LRAD		$	2,375,600			$	197,600
Genasys			-				-
		$	2,375,600			$	197,600

		September 30, 2018				September 30, 2017
Long-lived assets
LRAD		$	2,478,144			$	565,292
Genasys			3,973,917				-
		$	6,452,061			$	565,292
Total assets
LRAD		$	36,770,872			$	38,857,800
Genasys			5,089,925				-
		$	41,860,797			$	38,857,800

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- References

No definition available.

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X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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