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Note 8 - Goodwill and Intangible Assets | 3 Months Ended
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Dec. 31, 2022
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. In the fourth quarter of fiscal 2022, in conjunction with the annual impairment assessment, the Company determined that the fair value of the software reporting unit was less than the carrying value. The Company engaged independent valuation experts to assist in determining the fair value of the software reporting unit and recorded a $13,162 goodwill impairment charge. As of December 31, 2022 and September 30, 2022, goodwill was $10,308 and $10,118 respectively. There were no additions or impairments to goodwill during the three months ended December 31, 2022. The changes in the carrying amount of goodwill by segment for the three months ended December 31, 2022, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2022 |  | $ | - |  |  | $ | 10,118 |  |  | $ | 10,118 |
Currency translation |  |  | - |  |  |  | 190 |  |  |  | 190 |
Balance as of December 31, 2022 |  | $ | - |  |  | $ | 10,308 |  |  | $ | 10,308 |
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 $221. The changes in the carrying amount of intangible assets by segment for the three months ended December 31, 2022, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2022 |  | $ | 21 |  |  | $ | 10,484 |  |  | $ | 10,505 |
Amortization |  |  | (1 | ) |  |  | (531 | ) |  |  | (532 | )
Currency translation |  |  | - |  |  |  | 31 |  |  |  | 31 |
Balance as of December 31, 2022 |  | $ | 20 |  |  | $ | 9,984 |  |  | $ | 10,004 |
The Company’s consolidated intangible assets consisted of the following:
|  | December 31, |  |  | September 30, |
|  | 2022 |  |  | 2022 |
Technology |  | $ | 11,937 |  |  | $ | 11,886 |
Customer relationships |  |  | 1,762 |  |  |  | 1,715 |
Trade name portfolio |  |  | 608 |  |  |  | 590 |
Non-compete agreements |  |  | 225 |  |  |  | 206 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 14,604 |  |  |  | 14,469 |
Accumulated amortization |  |  | (4,600 | ) |  |  | (3,964 | )
|  | $ | 10,004 |  |  | $ | 10,505 |
As of December 31, 2022, future amortization expense is as follows:
Fiscal year ending September 30, |  |  |  |
2023 (remaining nine months) |  |  | 1,574 |
2024 |  |  | 2,097 |
2025 |  |  | 1,978 |
2026 |  |  | 1,843 |
2027 |  |  | 1,669 |
Thereafter |  |  | 843 |
Total estimated amortization expense |  | $ | 10,004 |
Amortization expense was $532 and $543 for the three months ended December 31, 2022 and 2021, respectively.

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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