GOODWILL AND INTANGIBLE ASSETS

Goodwill is attributable to the acquisition of Genasys Spain 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

six

months ended

March 31, 2021,

the Company added

$5,590

in goodwill related to the Amika Mobile asset purchase. There were

impairments to goodwill during the

six

months ended

March 31, 2021.

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

$4.

Intangible assets and goodwill related to Amika Mobile are translated from Canadian dollars to U.S. dollars at the balance sheet date. During the

six

months ended

March 31, 2021,

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

$474.

The Company's intangible assets consisted of the following:

	March 31,			September 30,
	2021			2020
Technology	$	3,297		$	655
Customer relationships		965			627
Trade name portfolio		228			228
Non-compete agreements		247			247
Patents		72			72
		4,809			1,829
Accumulated amortization		(1,239	)		(886	)
	$	3,570		$	943

Amortization expense was

$169

and

$74

for the

three

months ended

March 31, 2021

and

2020,

respectively. Amortization expense was

$352

and

$149

for the

six

months ended

March 31, 2021

and

2020,

respectively.

As of

March 31, 2021,

future amortization expense is as follows:

Fiscal year ending September 30, 2021 (remaining six months)	$	330
2022		658
2023		625
2024		612
2025		482
Thereafter		863
Total estimated amortization expense	$	3,570