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Note 8 - Goodwill and Intangible Assets | 3 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 8. 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. There were no additions to goodwill during the three months ended December 31, 2021. 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 December 31, 2021 and September 30, 2021, goodwill was $23,787 and $23,834, respectively. There were no impairments to goodwill during the three months ended December 31, 2021. The changes in the carrying amount of goodwill by segment for the three months ended December 31, 2021, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2021 |  | $ | - |  |  | $ | 23,834 |  |  | $ | 23,834 |
Currency translation |  |  | - |  |  |  | (47 | ) |  |  | (47 | )
Balance as of December 31, 2021 |  | $ | - |  |  | $ | 23,787 |  |  | $ | 23,787 |
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 a decrease of $65. 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 period related to goodwill and intangible assets was an increase of $8. The changes in the carrying amount of intangible assets by segment for the three months ended December 31, 2021, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2021 |  | $ | 25 |  |  | $ | 12,779 |  |  | $ | 12,804 |
Amortization |  |  | (1 | ) |  |  | (542 | ) |  |  | (543 | )
Currency translation |  |  | - |  |  |  | (10 | ) |  |  | (10 | )
Balance as of December 31, 2021 |  | $ | 24 |  |  | $ | 12,227 |  |  | $ | 12,251 |
The Company’s consolidated intangible assets consisted of the following:
|  | December 31, |  |  | September 30, |
|  | 2021 |  |  | 2021 |
Technology |  | $ | 12,054 |  |  | $ | 12,065 |
Customer relationships |  |  | 1,841 |  |  |  | 1,855 |
Trade name portfolio |  |  | 620 |  |  |  | 625 |
Non-compete agreements |  |  | 239 |  |  |  | 244 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 14,826 |  |  |  | 14,861 |
Accumulated amortization |  |  | (2,575 | ) |  |  | (2,057 | )
|  | $ | 12,251 |  |  | $ | 12,804 |
As of December 31, 2021, future amortization expense is as follows:
Fiscal year ending September 30, |  |  |  |
2022 (remaining nine months) |  | $ | 1,623 |
2023 |  |  | 2,133 |
2024 |  |  | 2,119 |
2025 |  |  | 1,994 |
2026 |  |  | 1,856 |
Thereafter |  |  | 2,526 |
Total estimated amortization expense |  | $ | 12,251 |
|  | Three months ended |
|  | Deember 31, |
|  | 2021 |  |  | 2020 |
Amortization expense |  | $ | 543 |  |  | $ | 182 |

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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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