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Note 9 - Goodwill and Intangible Assets | 3 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
9 . | GOODWILL AND INTANGIBLE ASSETS
Goodwill is attributable to the acquisition of Genasys Spain and Amika Mobile asset purchase and is due to combining the integrated emergency critical communications, mass messaging solutions and software development capabilities with existing LRAD 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 three months ended December 31, 2020, the Company added $5,663 in goodwill related to the Amika Mobile asset purchase. There were no impairments to goodwill during the three months ended December 31, 2020. 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 the period related to goodwill and intangible assets was an increase of $156. Intangible assets and goodwill related to Amika Mobile are translated from Canadian dollars to U.S. dollars at the balance sheet date. During the three months ended December 31, 2020, the Company added $2,820 in intangible assets related to the Amika Mobile asset purchase. The net impact of foreign currency exchange differences arising during the period related to goodwill and intangible assets was an increase of $375. The Company's intangible assets consisted of the following:
|  | December 31, |  |  | September 30, |
|  | 2020 |  |  | 2020 |
Developed technology |  | $ | 3,297 |  |  | $ | 655 |
Customer relationships |  |  | 990 |  |  |  | 627 |
Trade name portfolio |  |  | 238 |  |  |  | 228 |
Non-compete agreements |  |  | 258 |  |  |  | 247 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 4,855 |  |  |  | 1,829 |
Accumulated amortization |  |  | (1,112 | ) |  |  | (886 | )
|  | $ | 3,743 |  |  | $ | 943 |
As of December 31, 2020, future amortization expense is as follows:
Fiscal year ending September 30, |  |  |  |
2021 (remaining nine months) |  | $ | 501 |
2022 |  |  | 664 |
2023 |  |  | 630 |
2024 |  |  | 615 |
2025 |  |  | 480 |
Thereafter |  |  | 853 |
Total estimated amortization expense |  | $ | 3,743 |
Amortization expense was $182 for the three months ended December 31, 2020. Amortization expense was $75 for the three months ended December 31, 2019.

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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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