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Note 4 - Acquisitions (Tables) | 9 Months Ended
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Jun. 30, 2018
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
Cash paid |  | $ | 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] |
|  | Three months ended |  |  | Nine months ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Net revenues |  | $ | 7,610,260 |  |  |  | 4,646,765 |  |  | $ | 23,833,153 |  |  |  | 14,326,125 |
Net loss |  |  | (48,821 | ) |  |  | (473,480 | ) |  |  | (1,136,331 | ) |  |  | (1,257,072 | )
Basic and diluted loss per share |  | $ | (0.00 | ) |  | $ | (0.01 | ) |  | $ | (0.04 | ) |  | $ | (0.04 | )
Business Acquisition, Reconciliation of Actual Net Revenue and Net Income to Pro Forma Net Revenue and Net Income [Table Text Block] |
|  | Three months ended June 30, |
|  | 2018 |  |  | 2017 |
|  | Net revenues |  |  | Net income (loss) |  |  | Net revenues |  |  | Net income (loss) |
LRAD actual results |  | $ | 7,012,430 |  |  | $ | 36,450 |  |  | $ | 4,129,554 |  |  | $ | (528,163 | )
Genasys actual results |  |  | 597,830 |  |  |  | (116,669 | ) |  |  | 517,211 |  |  |  | 103,947 |
Pro forma adjustments |  |  | - |  |  |  | 31,398 |  |  |  | - |  |  |  | (49,264 | )
Pro forma results |  | $ | 7,610,260 |  |  | $ | (48,821 | ) |  | $ | 4,646,765 |  |  | $ | (473,480 | )
|  | Nine months ended June 30, |
|  | 2018 |  |  | 2017 |
|  | Net revenues |  |  | Net income (loss) |  |  | Net revenues |  |  | Net income (loss) |
LRAD actual results |  | $ | 22,094,790 |  |  | $ | (1,194,052 | ) |  | $ | 12,813,280 |  |  | $ | (1,042,492 | )
Genasys actual results |  |  | 1,738,363 |  |  |  | 10,215 |  |  |  | 1,512,845 |  |  |  | (68,793 | )
Pro forma adjustments |  |  | - |  |  |  | 47,506 |  |  |  | - |  |  |  | (145,787 | )
Pro forma results |  | $ | 23,833,153 |  |  | $ | (1,136,331 | ) |  | $ | 14,326,125 |  |  | $ | (1,257,072 | )
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] |
|  | Three months ended |  |  | Nine months ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Acquisition costs |  | $ | 119,202 |  |  |  | - |  |  | $ | 315,531 |  |  | $ | - |
Depreciation and amortization costs |  |  | (79,458 | ) |  |  | (79,458 | ) |  |  | (238,374 | ) |  |  | (238,374 | )
Tax effect of adjustments |  |  | (8,346 | ) |  |  | 30,194 |  |  |  | (29,651 | ) |  |  | 92,587 |
Pro forma adjustments |  | $ | 31,398 |  |  | $ | (49,264 | ) |  | $ | 47,506 |  |  | $ | (145,787 | )

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