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Note 9 - Goodwill and Intangible Assets | 9 Months Ended
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Jun. 30, 2021
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 of 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 nine months ended June 30, 2021, the Company added $20,992 in goodwill related to the Zonehaven acquisition and the Amika Mobile asset purchase. There were no impairments to goodwill during the nine months ended June 30, 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 $46. Intangible assets and goodwill related to Amika Mobile are translated from Canadian dollars to U.S. dollars at the balance sheet date. During the nine months ended June 30, 2021, the Company added $13,128 in intangible assets related to the Zonehaven acquisition and the Amika Mobile asset purchase. The net impact of foreign currency exchange differences arising during the nine months ended June 30, 2021, related to goodwill and intangible assets from the Amika Mobile asset purchase was an increase of $613. The changes in the carrying amount of goodwill by segment for the nine months ended June 30, 2021, are as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2020 |  | $ | - |  |  | $ | 2,472 |  |  | $ | 2,472 |
Acquisition |  |  | - |  |  |  | 20,992 |  |  |  | 20,992 |
Currency translation |  |  | - |  |  |  | 444 |  |  |  | 444 |
Balance as of June 30, 2021 |  | $ | - |  |  | $ | 23,908 |  |  | $ | 23,908 |
The Company’s intangible assets consisted of the following:
|  | June 30, |  |  | September 30, |
|  | 2021 |  |  | 2020 |
Technology |  | $ | 12,148 |  |  | $ | 655 |
Customer relationships |  |  | 1,878 |  |  |  | 627 |
Trade name portfolio |  |  | 631 |  |  |  | 228 |
Non-compete agreements |  |  | 250 |  |  |  | 247 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 14,979 |  |  |  | 1,829 |
Accumulated amortization |  |  | (1,548 | ) |  |  | (886 | )
|  | $ | 13,431 |  |  | $ | 943 |
Amortization expense was $295 and $74 for the three months ended June 30, 2021, and 2020, respectively. Amortization expense was $647 and $223 for the nine months ended June 30, 2021, and 2020, respectively. As of June 30, 2021, future amortization expense is as follows:
Fiscal year ending September 30, |  |  |  |
2021 (remaining three months) |  | $ | 546 |
2022 |  |  | 2,185 |
2023 |  |  | 2,152 |
2024 |  |  | 2,138 |
2025 |  |  | 2,007 |
Thereafter |  |  | 4,403 |
Total estimated amortization expense |  | $ | 13,431 |

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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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