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

additions or impairments to goodwill during the year ended

September 30, 2020.

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

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