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Note 15 - Commitments and Contingencies
 6 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
15.
COMMITMENTS AND CONTINGENCIES
 
Litigation
 
The Company
may
at times be involved in litigation in the ordinary course of business. The Company will, from time to time, when appropriate in management's estimation, record adequate reserves in the Company's consolidated financial statements for pending litigation. Currently, there are
no
pending material legal proceedings to which the Company is a party or to which any of its property is subject.
 
Bonus Plan
 
The Company has a bonus plan for employees, in accordance with their terms of employment, whereby they can earn a percentage of their salary based on meeting targeted objectives for orders received, revenue, operating income and operating cash flow. In the
six
months ended
March 31, 2021,
the Company recorded
$898
of bonus expense. In the
six
months ended
March 31, 2020,
the Company recorded
$400
of bonus expense.
 
Amika Mobile Asset Purchase
 
In connection with the Amika Mobile asset purchase, the Company recorded a holdback liability related to future adjustments to assets and liabilities. Adjustments of up to
CAD$1,000
(
USD$794
) will be deducted from the asset purchase holdback liability for up to
three
years from the closing date. The liability is recorded at fair value in the condensed consolidated balance sheet.
 
The Company also agreed to issue
191,267
shares of the Company's common stock to the former owners of Amika Mobile on each of the first,
second
and
third
anniversaries of the closing date. The total number of shares of common stock the Company is obligated to issue is
573,801.
The fair value of the Company's common stock on the closing date was
$5.98,
resulting in the addition of
$3,431
to additional paid-in-capital.
 
(in thousands, except per share and share amounts)
(Unaudited)