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Note 9 - Goodwill and Intangible Assets | 12 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 9. GOODWILL AND INTANGIBLE ASSETS Goodwill is attributable to the acquisitions of Genasys Spain and Zonehaven, and the Amika Mobile asset purchase and is due to combining the integrated emergency critical communications, mass messaging solutions and software development capabilities with existing hardware products for enhanced offerings and the skill level of the acquired workforces. The Company periodically reviews goodwill for impairment in accordance with relevant accounting standards. During the year ended September 30, 2021, the Company added a total of $21,128 in goodwill related to the Zonehaven acquisition and the Amika Mobile asset purchase. As of September 30, 2021 and September 30, 2020, goodwill was $23,834 and $2,472, respectively. There were no impairments to goodwill during the years ended September 30, 2021 and 2020. Intangible assets and goodwill related to Genasys Spain are translated from Euro to U.S. dollars at the balance sheet date. The net impact of foreign currency exchange differences arising during the period related to goodwill and intangible assets was a decrease of $32. Intangible assets and goodwill related to Amika Mobile are translated from Canadian dollars to U.S. dollars at the balance sheet date. The net impact of foreign currency exchange differences arising during the year ended September 30, 2021, related to goodwill and intangible assets from the Amika Mobile asset purchase was an increase of $398. During the year ended September 30, 2021, the Company added $13,052 in intangible assets related to the Zonehaven acquisition and the Amika Mobile asset purchase. The changes in the carrying amount of goodwill by segment for the year ended September 30, 2021, are as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2020 |  | $ | - |  |  | $ | 2,472 |  |  | $ | 2,472 |
Acquisitions |  |  | - |  |  |  | 21,128 |  |  |  | 21,128 |
Currency translation |  |  | - |  |  |  | 234 |  |  |  | 234 |
Balance as of September 30, 2021 |  | $ | - |  |  | $ | 23,834 |  |  | $ | 23,834 |
The Company’s intangible assets consisted of the following:
|  | September 30, |
|  | 2021 |  |  | 2020 |
Technology |  | $ | 12,065 |  |  | $ | 655 |
Customer relationships |  |  | 1,855 |  |  |  | 627 |
Trade name portfolio |  |  | 625 |  |  |  | 228 |
Non-compete agreements |  |  | 244 |  |  |  | 247 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 14,861 |  |  |  | 1,829 |
Accumulated amortization |  |  | (2,057 | ) |  |  | (886 | )
|  | $ | 12,804 |  |  | $ | 943 |
The changes in the carrying amount of intangible assets by segment for the year ended September 30, 2021, are as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2020 |  | $ | 29 |  |  | $ | 914 |  |  | $ | 943 |
Acquisitions |  |  | - |  |  |  | 12,920 |  |  |  | 12,920 |
Amortization |  |  | (4 | ) |  |  | (1,187 | ) |  |  | (1,191 | )
Currency translation |  |  | - |  |  |  | 132 |  |  |  | 132 |
Balance as of September 30, 2021 |  | $ | 25 |  |  | $ | 12,779 |  |  | $ | 12,804 |
|  | Years ended |
|  | September 30, |
|  | 2021 |  |  | 2020 |
Amortization expense |  | $ | 1,191 |  |  | $ | 302 |
Estimated amortization expense for the fiscal year ending September 30,
2022 |  |  | 2,169 |
2023 |  |  | 2,137 |
2024 |  |  | 2,123 |
2025 |  |  | 1,995 |
2026 |  |  | 1,855 |
Thereafter |  |  | 2,525 |
Total estimated amortization expense |  | $ | 12,804 |

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- 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
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