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Note 17 - Segment Information
 6 Months Ended
Mar. 31, 2019
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:
 
   
Three months ended March 31,
    
Six months ended March 31,
  
   
2019
    
2018
    
2019
    
2018
  
                                 
Revenue from external customers
                                
LRAD
   $
9,646,513
     $
7,453,794
      
19,303,215
      
15,082,361
  
Genasys
    
545,178
      
414,654
      
1,066,035
      
414,654
  
    $
10,191,691
     $
7,868,448
     $
20,369,250
     $
15,497,015
  
                                 
Intercompany revenues
                                
LRAD
   $
-
     $
-
      
 
      
-
  
Genasys
    
279,997
      
89,818
      
466,969
      
89,818
  
    $
279,997
     $
89,818
     $
466,969
     $
89,818
  
                                 
                                 
Segment operating income
                                
LRAD
   $
1,282,308
     $
579,498
      
2,584,954
      
1,570,604
  
Genasys
    
153,078
      
24,656
      
140,307
      
24,656
  
    $
1,435,386
     $
604,154
     $
2,725,261
     $
1,595,260
  
                                 
Other expenses:
                                
Depreciation and amortization expense
                                
LRAD
   $
(138,665
 )   $
(64,660
 )   $
(262,966
 )   $
(124,765
 )
Genasys
    
(77,705
 )    
(69,044
 )    
(154,671
 )    
(69,044
 )
    $
(216,370
 )   $
(133,704
 )   $
(417,637
 )   $
(193,809
 )
Interest expense
                                
LRAD
   $
-
     $
-
     $
-
     $
-
  
Genasys
    
-
      
(9,815
 )    
-
      
(9,815
 )
    $
-
     $
(9,815
 )   $
-
     $
(9,815
 )
Income tax expense
                                
LRAD
   $
(274,144
 )   $
(158,451
 )   $
(557,147
 )   $
(2,867,339
 )
Genasys
    
-
      
-
      
-
      
-
  
    $
(274,144
 )   $
(158,451
 )   $
(557,147
 )   $
(2,867,339
 )
 
 
   
March 31, 2019
   
September 30, 2018
 
Long-lived assets
                
LRAD
   $
2,508,027
     $
2,478,144
  
Genasys
    
3,696,424
      
3,973,917
  
    $
6,204,451
     $
6,452,061
  
                 
Total assets
                
LRAD
   $
35,948,659
     $
36,770,872
  
Genasys
    
4,787,658
      
5,089,925
  
    $
40,736,317
     $
41,860,797