XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 8 - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Sep. 30, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 8. GOODWILL AND INTANGIBLE ASSETS Goodwill is attributable to the acquisition of Genasys Spain and is due to combining the mass messaging solutions and software development capabilities with existing Company products for enhanced offerings and the skill level of the workforce. The Company periodically reviews goodwill for impairment in accordance with relevant accounting standards. There were no additions or impairments to goodwill during the year ended September 30, 2020. At September 30, 2020 and September 30, 2019, goodwill was $2,472 and $2,306, respectively. The $166 change in fair value of Goodwill from September 30, 2019 to September 30, 2020 is due to the change in foreign currency rates. Intangible assets and goodwill related to Genasys Spain are translated from Euros to U.S. dollars at the balance sheet date. The net impact of foreign currency exchange differences arising during year ended September 30, 2020, related to goodwill and intangible assets was a reduction of $237. The Company's intangible assets consisted of the following:
|  | September 30, |
|  | 2020 |  |  | 2019 |
Technology |  | $ | 655 |  |  | $ | 611 |
Customer relationships |  |  | 627 |  |  |  | 584 |
Trade name portfolio |  |  | 228 |  |  |  | 213 |
Non-compete agreements |  |  | 247 |  |  |  | 230 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 1,829 |  |  |  | 1,710 |
Accumulated amortization |  |  | (886 | ) |  |  | (534 | )
|  | $ | 943 |  |  | $ | 1,176 |
|  | Year ended |
|  | September 30, |
|  | 2020 |  |  | 2019 |
Amortization expense |  | $ | 302 |  |  | $ | 304 |
Estimated amortization expense for the fiscal year ending September 30,
2021 |  | $ | 257 |
2022 |  |  | 232 |
2023 |  |  | 200 |
2024 |  |  | 186 |
2025 |  |  | 56 |
Thereafter |  |  | 12 |
Total estimated amortization expense |  | $ | 943 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration