XML 28 R19.htm IDEA: XBRL DOCUMENT
v3.24.3

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 9. GOODWILL AND INTANGIBLE ASSETS Goodwill is attributable to the acquisitions of Genasys Spain, Zonehaven, the Amika Mobile asset purchase, and Evertel, 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. As of September 30, 2024 and September 30, 2023, goodwill was $13,329 and $10,282, respectively. There were no impairments to goodwill during the years ended September 30, 2024 and September 30, 2023. The changes in the carrying amount of goodwill by segment for the year ended September 30, 2024, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2023 |  | $ | — |  |  | $ | 10,282 |  |  | $ | 10,282 |
Acquisition |  |  | — |  |  |  | 2,923 |  |  |  | 2,923 |
Currency translation |  |  | — |  |  |  | 124 |  |  |  | 124 |
Balance as of September 30, 2024 |  | $ | — |  |  | $ | 13,329 |  |  | $ | 13,329 |
The changes in the carrying amount of intangible assets by segment for the year ended September 30, 2024, were as follows:
|  | Hardware |  |  | Software |  |  | Total |
Balance as of September 30, 2023 |  | $ | 17 |  |  | $ | 8,410 |  |  | $ | 8,427 |
Acquisitions |  |  | — |  |  |  | 2,550 |  |  |  | 2,550 |
Amortization |  |  | (3 | ) |  |  | (2,475 | ) |  |  | (2,478 | )
Currency translation |  |  | — |  |  |  | 7 |  |  |  | 7 |
Balance as of September 30, 2024 |  | $ | 14 |  |  | $ | 8,492 |  |  | $ | 8,506 |
Intangible assets and goodwill related to Genasys Spain are translated from Euro 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 $131. The Company’s intangible assets consisted of the following:
|  | September 30, |
|  | 2024 |  |  | 2023 |
Technology |  | $ | 14,252 |  |  | $ | 11,930 |
Customer relationships |  |  | 2,081 |  |  |  | 1,790 |
Trade name portfolio |  |  | 617 |  |  |  | 605 |
Patents |  |  | 72 |  |  |  | 72 |
|  |  | 17,022 |  |  |  | 14,397 |
Accumulated amortization |  |  | (8,516 | ) |  |  | (5,970 | )
|  | $ | 8,506 |  |  | $ | 8,427 |
|  | Years ended |
|  | September 30, |
|  | 2024 |  |  | 2023 |
Amortization expense |  | $ | 2,478 |  |  | $ | 2,108 |
Estimated amortization expense for the fiscal year ending September 30 was as the follows:
Fiscal year ending September 30, |  |  |
2025 |  | $ | 2,358 |
2026 |  |  | 2,222 |
2027 |  |  | 2,048 |
2028 |  |  | 1,220 |
2029 |  |  | 329 |
Thereafter |  |  | 329 |
Total estimated amortization expense |  | $ | 8,506 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration