Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Dec. 31, 2020 | Feb. 08, 2021 | |
Document Information [Line Items] | ||
Entity Registrant Name | Genasys Inc. | |
Entity Central Index Key | 0000924383 | |
Trading Symbol | gnss | |
Current Fiscal Year End Date | --09-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 33,641,235 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2020 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Title of 12(b) Security | Common stock, $0.00001 par value per share |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
ASSETS | ||
Cash and cash equivalents | $ 19,584 | $ 23,319 |
Short-term marketable securities | 5,517 | 4,265 |
Restricted cash | 295 | 282 |
Accounts receivable, net | 3,159 | 5,442 |
Inventories, net | 6,963 | 5,949 |
Prepaid expenses and other | 713 | 860 |
Total current assets | 36,231 | 40,117 |
Long-term marketable securities | 2,419 | 3,805 |
Long-term restricted cash | 1,180 | 395 |
Deferred tax assets, net | 11,100 | 11,095 |
Property and equipment, net | 1,885 | 1,930 |
Goodwill | 8,500 | 2,472 |
Intangible assets, net | 3,743 | 943 |
Operating lease right of use asset | 5,384 | 5,285 |
Other assets | 161 | 125 |
Total assets | 70,603 | 66,167 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Accounts payable | 1,618 | 1,370 |
Accrued liabilities | 7,848 | 7,880 |
Notes payable, current portion | 314 | 300 |
Operating lease liabilities, current portion | 848 | 771 |
Total current liabilities | 10,628 | 10,321 |
Notes payable, less current portion | 18 | 18 |
Other liabilities, noncurrent | 915 | 293 |
Operating lease liabilities, noncurrent | 6,385 | 6,395 |
Total liabilities | 17,946 | 17,027 |
Stockholders' equity: | ||
Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding | ||
Common stock, $0.00001 par value; 50,000,000 shares authorized; 33,587,443 and 33,561,544 shares issued and outstanding, respectively | ||
Additional paid-in capital | 94,915 | 91,248 |
Accumulated deficit | (42,477) | (41,858) |
Accumulated other comprehensive income (loss) | 219 | (250) |
Total stockholders' equity | 52,657 | 49,140 |
Total liabilities and stockholders' equity | $ 70,603 | $ 66,167 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Dec. 31, 2020 | Sep. 30, 2020 |
Preferred stock, par value (in dollars per share) | $ 0.00001 | $ 0.00001 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.00001 | |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, issued (in shares) | 33,587,443 | 33,561,544 |
Common stock, outstanding (in shares) | 33,587,443 | 33,561,544 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues: | ||
Revenues | $ 8,028 | $ 8,782 |
Cost of revenues | 4,324 | 4,180 |
Gross Profit | 3,704 | 4,602 |
Operating expenses | ||
Selling, general and administrative | 3,331 | 2,822 |
Research and development | 1,066 | 1,084 |
Total operating expenses | 4,397 | 3,906 |
(Loss) income from operations | (693) | 696 |
Other income | 69 | 96 |
(Loss) income before income taxes | (624) | 792 |
Income tax (benefit) expense | (5) | 172 |
Net (loss) income | $ (619) | $ 620 |
Net (loss) income per common share - basic and diluted (in dollars per share) | $ (0.02) | $ 0.02 |
Weighted average common shares outstanding: | ||
Basic (in shares) | 33,574,000 | 32,978,000 |
Diluted (in shares) | 33,573,755 | 33,710,620 |
Product [Member] | ||
Revenues: | ||
Revenues | $ 6,950 | $ 8,008 |
Service [Member] | ||
Revenues: | ||
Revenues | $ 1,078 | $ 774 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Net (loss) income | $ (619) | $ 620 |
Other comprehensive income | ||
Unrealized loss on marketable securities | (3) | (3) |
Unrealized foreign currency translation gain | 472 | 88 |
Comprehensive (loss) income | $ (150) | $ 705 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Operating Activities: | ||
Net (loss) income | $ (619) | $ 620 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
Depreciation and amortization | 281 | 209 |
Warranty provision | 15 | (19) |
Inventory obsolescence | 100 | 94 |
Share-based compensation | 182 | 158 |
Realized loss on foreign currency forward contract | (48) | |
Unrealized loss on foreign currency forward contract | (28) | |
Deferred income taxes | (5) | 172 |
Amortization of operating lease right of use assets | 170 | 145 |
Changes in operating assets and liabilities: | ||
Accounts receivable, net | 2,300 | (2,286) |
Inventories, net | (1,114) | (321) |
Prepaid expenses and other | 120 | 761 |
Accounts payable | 232 | 604 |
Accrued and other liabilities | (314) | (1,918) |
Net cash provided by (used in) operating activities | 1,272 | (1,781) |
Investing Activities: | ||
Purchases of marketable securities | (1,793) | (640) |
Proceeds from maturities of marketable securities | 1,925 | 589 |
Purchase of Amika Mobile | (4,367) | |
Capital expenditures | (29) | (86) |
Net cash used in investing activities | (4,264) | (137) |
Financing Activities: | ||
Proceeds from exercise of stock options | 54 | 144 |
Net cash provided by financing activities | 54 | 144 |
Effect of foreign exchange rate on cash | 1 | 14 |
Net decrease in cash, cash equivalents, and restricted cash | (2,937) | (1,760) |
Cash, cash equivalents and restricted cash, beginning of period | 23,996 | 19,517 |
Cash, cash equivalents and restricted cash, end of period | 21,059 | 17,757 |
Cash and cash equivalents | 19,584 | 17,092 |
Restricted cash, current portion | 295 | 270 |
Long-term restricted cash | 1,180 | 395 |
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | 21,059 | 17,757 |
Noncash investing and financing activities: | ||
Change in unrealized loss on marketable securities | (3) | (3) |
Obligation to issue common stock in connection with the purchase of Amika Mobile | (3,431) | |
Initial measurement of operating lease right of use assets | 248 | 5,824 |
Initial measurement of operating lease liabilities | 248 | 7,815 |
Fair value of net assets acquired | $ 8,411 |
Note 1 - Operations
Note 1 - Operations | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. OPERATIONS Genasys Inc. (formerly LRAD ® October 23, 2019, |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation and Significant Accounting Policies | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES General The Company's unaudited interim condensed consolidated financial statements included herein have been prepared in accordance with the instructions to Form 10 8 X not September 30, 2020 10 December 10, 2020. September 30, 2020 September 30, 2020 10 not Principles of Consolidation The Company has seven two Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with an original maturity of three December 31, 2020 $19,584. September 30, 2020 $23,319. The Company considers any amounts pledged as collateral or otherwise restricted for use in current operations to be restricted cash. In addition, the Company considers cash and cash equivalents designated to fund specific future contractual obligations related to business combinations to be restricted cash. Restricted cash is classified as a current asset unless amounts are not one December 31, 2020 $295 $1,180. September 30, 2020 $270 $395. Immaterial Correction of Prior Period Financial Statements During the quarter ended December 31, 2020, September 30, 2020 $5,205 no September 30, 2020, no December 31, 2020, No. 99 No. 108 no December 31, 2020 September 30, 2020, September 30, 2020. Reclassifications Where necessary, the prior year's information has been reclassified to conform to the current year presentation. |
Note 3 - Recent Accounting Pron
Note 3 - Recent Accounting Pronouncements | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 3. RECENT ACCOUNTING PRONOUNCEMENTS New pronouncements pending adoption In June 2016, No. 2016 13, Measurement of Credit Losses on Financial Instruments November 2019, No. 2019 10, Financial Instruments – Credit Losses (Topic 326 815 842 326 December 15, 2022. first October 1, 2023, not not New pronouncements adopted In August 2018 , No. 2018 - 13, not . 3 December 15, 2019, No. 2018 13 October 1, 2020, no |
Note 4 - Business Combination
Note 4 - Business Combination | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | 4. BUSINESS COMBINATION On October 2, 2020, The Amika Mobile asset purchase was accounted for as a business combination using the acquisition method pursuant to ASC Topic 805. may The consideration consisted of the following: Cash paid $ 4,367 Asset purchase holdback liability 613 Common stock to be issued 3,431 $ 8,411 Under the terms of the Asset Purchase Agreement, the Company is required to deposit a holdback liability in the amount of CAD$1,000 three 191,267 second third 573,801. $5.98, $3,431 The Company incurred $242 December 31, 2020. $10 first 2021, $132 fourth 2020 $100 third 2020. Purchase Price Allocation Assets Acquired Prepaid expenses $ 2 Fixed assets 22 Operating lease right of use asset 248 Intangible Assets 2,820 Goodwill 5,663 Total assets acquired $ 8,755 Liabilities assumed Accrued liabilities $ 96 Operating lease liability 248 Total liabilities assumed 344 Net Assets acquired $ 8,411 The estimated fair value of the identifiable intangible assets acquired and their estimated useful lives are as follows: Fair Value Useful Lives (in years) Developed technology $ 2,500 7 Customer relationships 320 7 $ 2,820 Identifiable intangible assets consist of certain technology and customer relationships purchased from Amika Mobile. Identifiable intangible assets are amortized over their useful lives based upon a number of assumptions including the estimated period of economic benefit and utilization. The weighted average amortization period for identifiable intangible assets acquired is 7 3 820 three The goodwill for Amika Mobile is attributable to combining the Company's existing emergency communications solutions with the software and software development capabilities of Amika Mobile to enhance product offerings. Goodwill is also attributable to the skill level of the acquired workforce. The Company will continue to analyze the transaction and refine its calculations, as appropriate during the measurement period, which could affect the value of goodwill. Goodwill from the Amika Mobile asset purchase will not |
Note 5 - Revenue Recognition
Note 5 - Revenue Recognition | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 5. REVENUE RECOGNITION The Company adopted the guidance in Topic 606 October 1, 2018. Topic 606 five 1. Identify the contract(s) with customers 2. Identify the performance obligations 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations 5. Recognize revenue when the performance obligations have been satisfied Topic 606 The Company derives its revenue from the sale of products to customers, contracts, license fees, other services and freight. The Company sells its products through its direct sales force and through authorized resellers and system integrators. The Company recognizes revenue for goods including software when all the significant risks and rewards have been transferred to the customer, no no may one may Product Revenue Product revenue is recognized as a distinct single performance obligation when products are tendered to a carrier for delivery, which represents the point in time that the Company's customer obtains control of the products. A smaller portion of product revenue is recognized when the customer receives delivery of the products. A portion of products are sold through resellers and system integrators based on firm commitments from an end user, and as a result, resellers and system integrators carry little or no not Perpetual licensed software The sale and/or license of software products is deemed to have occurred when a customer either has taken possession of or has the ability to take immediate possession of the software and the software key. Perpetual software licenses can include one Time-based licensed software The time-based license agreements include the use of a software license for a fixed term, generally one not Warranty, maintenance and services The Company offers extended warranty, maintenance and other services. Extended warranty and maintenance contracts are offered with terms ranging from one one Multiple element arrangements The Company has entered into a number of multiple element arrangements, such as the sale of a product or perpetual licenses that may may Revenue is allocated to each deliverable based on the fair value of each individual element and is recognized when the revenue recognition criteria described above are met, except for time-based licenses which are not The Company disaggregates revenue by reporting segment (Hardware and Software) and geographically to depict the nature of revenue in a manner consistent with the Company's business operations and to be consistent with other communications and public filings. Refer to Note 19, 20, Contract Assets and Liabilities The Company enters into contracts to sell products and provide services and recognizes contract assets and liabilities that arise from these transactions. The Company recognizes revenue and corresponding accounts receivable according to Topic 606 may may December 31, 2020 September 30, 2020, 11, The Company's contract liabilities were as follows: Customer deposits Deferred revenue Total contract liabilities Balance at September 30, 2020 $ 3,683 $ 1,024 $ 4,707 New performance obligations 3,476 245 3,721 Recognition of revenue as a result of satisfying performance obligations (2,221 ) (439 ) (2,660 ) Effect of exchange rate on deferred revenue - 21 21 Balance at December 31, 2020 $ 4,938 $ 851 $ 5,789 Less: non-current portion - (275 ) (275 ) Current portion at December 31, 2020 $ 4,938 $ 576 $ 5,514 Remaining Performance Obligations Remaining performance obligations related to Topic 606 one As of December 31, 2020, $5,789. $5,514 95% 12 Practical Expedients In cases where the Company is responsible for shipping after the customer has obtained control of the goods, the Company has elected to treat these activities as fulfillment activities rather than as a separate performance obligation. Additionally, the Company has elected to capitalize the cost to obtain a contract only if the period of amortization would be longer than one one |
Note 6 - Fair Value Measurement
Note 6 - Fair Value Measurements | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 6. FAIR VALUE MEASUREMENTS The Company's financial instruments consist principally of cash equivalents, short and long-term marketable securities, accounts receivable and accounts payable. The fair value of a financial instrument is the amount that would be received in an asset sale or paid to transfer a liability in an orderly transaction between unaffiliated market participants. Assets and liabilities measured at fair value are categorized based on whether or not three 3 Level 1: Level 2: not Level 3: The fair value of the Company's cash equivalents and marketable securities was determined based on Level 1 2 not 3 December 31, 2020 September 30, 2020. Instruments Measured at Fair Value on a Recurring Basis Cash equivalents and marketable securities December 31, 2020 September 30, 2020. December 31, 2020 Cost Basis Unrealized Gain Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 528 $ - $ 528 $ 528 $ - $ - Level 2: Certificates of deposit 1,194 - 1,194 - - 1,194 Municipal securities 4,411 2 4,413 - 3,638 775 Corporate bonds 2,327 2 2,329 - 1,879 450 Subtotal 7,932 4 7,936 - 5,517 2,419 Total $ 8,460 $ 4 $ 8,464 $ 528 $ 5,517 $ 2,419 September 30, 2020 Cost Basis Unrealized Gain Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 365 $ - $ 365 $ 365 $ - $ - Level 2: Certificates of deposit 1,195 - 1,195 - - 1,195 Municipal securities 3,777 4 3,781 - 2,432 1,350 Corporate bonds 3,091 3 3,094 - 1,833 1,260 Subtotal 8,063 7 8,070 - 4,265 3,805 Total $ 8,428 $ 7 $ 8,435 $ 365 $ 4,265 $ 3,805 Foreign currency forward contract August 2020, September 30, 2020, CAD$6,955 October 2020. $76 2 October 1, 2020, CAD$6,955 USD$5,281 $48 September 30, 2020. |
Note 7 - Inventories, Net
Note 7 - Inventories, Net | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 7 . INVENTORIES , NET Inventories, net consisted of the following: December 31, September 30, 2020 2020 Raw materials $ 5,859 $ 5,220 Finished goods 763 841 Work in process 927 456 Inventories, gross 7,549 6,517 Reserve for obsolescence (586 ) (568 ) Inventories, net $ 6,963 $ 5,949 |
Note 8 - Property and Equipment
Note 8 - Property and Equipment, Net | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 8 . PROPERTY AND EQUIPMENT , NET Property and equipment, net consisted of the following: December 31, September 30, 2020 2020 Office furniture and equipment $ 1,244 $ 1,181 Machinery and equipment 1,193 1,184 Leasehold improvements 2,056 2,056 Construction in progress 28 8 Property and equipment, gross 4,521 4,429 Accumulated depreciation (2,636 ) (2,499 ) Property and equipment, net $ 1,885 $ 1,930 Three months ended December 31, 2020 2019 Depreciation expense $ 99 $ 134 |
Note 9 - Goodwill and Intangibl
Note 9 - Goodwill and Intangible Assets | 3 Months Ended |
Dec. 31, 2020 | |
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 Amika Mobile asset purchase and is due to combining the integrated emergency critical communications, mass messaging solutions and software development capabilities with existing LRAD 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 three December 31, 2020, $5,663 no three December 31, 2020. 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 $156. three December 31, 2020, $2,820 $375. December 31, September 30, 2020 2020 Developed technology $ 3,297 $ 655 Customer relationships 990 627 Trade name portfolio 238 228 Non-compete agreements 258 247 Patents 72 72 4,855 1,829 Accumulated amortization (1,112 ) (886 ) $ 3,743 $ 943 As of December 31, 2020, Fiscal year ending September 30, 2021 (remaining nine months) $ 501 2022 664 2023 630 2024 615 2025 480 Thereafter 853 Total estimated amortization expense $ 3,743 Amortization expense was $182 three December 31, 2020. $75 three December 31, 2019. |
Note 10 - Prepaid Expenses and
Note 10 - Prepaid Expenses and Other | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Prepaid Expenses And Other Disclosure [Text Block] | 10 . PREPAID EXPENSES AND OTHER Prepaid expenses and other current assets consisted of the following: December 31, September 30, 2020 2020 Deposits for inventory $ 90 $ 54 Prepaid insurance 185 264 Dues and subscriptions 106 151 Trade shows and travel 104 103 Other 228 288 $ 713 $ 860 Deposits for inventory Deposits for inventory consisted of cash payments to vendors for inventory to be delivered in the future. Prepaid i nsurance Prepaid insurance consisted of premiums paid for health, commercial and corporate insurance. These premiums are amortized on a straight-line basis over the term of the agreements. Dues and subscriptions Dues and subscriptions consist of payments made in advance for software subscriptions and trade and professional organizations. These payments are amortized on a straight-line basis over the term of the agreements. Trade shows and travel Trade shows and travel consists of payments made in advance for trade show events. |
Note 11 - Accrued Liabilities
Note 11 - Accrued Liabilities | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Current and Noncurrent Accrued Liabilities [Text Block] | 1 1 . ACCRUED LIABILITIES Accrued liabilities consisted of the following: December 31, September 30, 2020 2020 Payroll and related $ 1,343 $ 2,545 Deferred revenue 576 731 Customer deposits 4,938 3,683 Accrued contract costs 857 719 Warranty reserve 134 126 Other - 76 Total $ 7,848 $ 7,880 Other liabilities-noncurrent consisted of the following: December 31, September 30, 2020 2020 Deferred extended warranty revenue $ 275 $ 293 Asset purchase holdback liability 640 - Total $ 915 $ 293 Payroll and related Payroll and related consisted primarily of accrued vacation, bonus, sales commissions and benefits. Deferred Revenue Deferred revenue as of December 31, 2020 twelve December 31, 2021. Customer Deposits Customer deposits represent amounts paid by customers as a down payment on hardware orders to be delivered during the next twelve Accrued contract costs Accrued contract costs consist of accrued expenses for contracting a third September 30, 2011. May 2019 May 2024. W arranty Reserve Changes in the warranty reserve and extended warranty were as follows: December 31, September 30, 2020 2020 Beginning balance $ 126 $ 150 Warranty provision 15 16 Warranty settlements (7 ) (40 ) Ending balance $ 134 $ 126 The Company establishes a warranty reserve based on anticipated warranty claims at the time product revenue is recognized. Factors affecting warranty reserve levels include the number of units sold, anticipated cost of warranty repairs and anticipated rates of warranty claims. The Company evaluates the adequacy of the provision for warranty costs each reporting period and adjusts the accrued warranty liability to an amount equal to estimated warranty expense for products currently under warranty. Deferred Extended Warranty Revenue Deferred extended warranty revenue consists of warranties purchased in excess of the Company's standard warranty. Extended warranties typically range from one two Asset purchase holdback liability In connection with the Amika Mobile asset purchase, the Company recorded a holdabck liability related to future adjustments to assets and liabilities and as security for potential indemnification claims. Adjustments and indemnification claims of up to CAD$1,000 USD$785 three |
Note 12 - Debt
Note 12 - Debt | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 1 2 . DEBT In connection with the acquisition of Genasys Spain the Company acquired certain debts of Genasys Spain. The carrying value of the acquired debt approximates fair value. The balances of the acquired debt consist of loans with governmental agencies as of December 31, 2020. December 31, 2020 Agency Due Date Principal Ministry of Economy and Competitiveness February 2, 2022 $ 37 Ministry of Economy and Competitiveness February 2, 2024 295 (a) $ 332 (a) This loan is secured by $295 December 31, 2020. 2021 2021. December 31, 2020. The following is a schedule of future annual payments as of December 31, 2020: 2021 $ 314 2022 18 Total $ 332 The current portion of debt is $314 $18. |
Note 13 - Leases
Note 13 - Leases | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 1 3 . LEASES The Company determines if an arrangement is a lease at inception. The guidance in Topic 842 not The Company entered into operating leases for office and production facilities and equipment under agreements that expire at various dates through 2028. not 842. one twelve not For leases beginning on or after October 1, 2019, not not not not 10% $19. not Upon adoption of Topic 842 October 1, 2019, $7,815 $5,824 no 842. 842 not During the three December 31, 2020, $248 $248 September 30, 2020 December 31, 2020, Operating ROU assets Operating lease ROU asset at September 30, 2020 $ 5,285 Additional operating lease ROU assets 248 Less amortization of operating lease ROU assets (170 ) Effect of exchange rate on operating lease ROU assets 21 Operating lease ROU asset at December 31, 2020 $ 5,384 Operating lease liabilities Operating lease liabilities at September 30, 2020 $ 7,166 Additional operating lease liabilities 248 Less lease principal payments on operating lease liabilities (202 ) Effect of exchange rate on operating lease liabilities 21 Operating lease liabilities at December 31, 2020 7,233 Less non-current portion (6,385 ) Current portion at December 31, 2020 $ 848 As of December 31, 2020, 7.34 4.13%. Fiscal year ending September 30, 2021 (remaining nine months) $ 840 2022 1,146 2023 1,090 2024 1,085 2025 1,162 Thereafter 3,104 Total undiscounted operating lease payments 8,427 Less imputed interest (1,194 ) Present value of operating lease liabilities 7,233 Less lease liability, noncurrent (6,385 ) Lease liability, current portion $ 848 For the three December 31, 2020 2019, $236 $225 not three December 31, 2020 December 31, 2019. |
Note 14 - Income Taxes
Note 14 - Income Taxes | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 1 4 . INCOME TAXES For the three December 31, 2020, $5 31.2%. three December 31, 2019, $172 21.8%. Accounting Standards Codification Topic 740, Accounting for Uncertainty in Income Taxes may not not |
Note 15 - Commitments and Conti
Note 15 - Commitments and Contingencies | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 1 5 . COMMITMENTS AND CONTINGENCIES Litigation The Company may no 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 three December 31, 2020, $459 three December 31, 2019, $408 A mika 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 and as security for potential indemnification claims. Adjustments and indemnification claims of up to CAD$1,000 USD$785 three The Company also agreed to issue 191,267 second third 573,801. $5.98, $3,431 |
Note 16 - Share-based Compensat
Note 16 - Share-based Compensation | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 1 6 . SHARE-BASED COMPENSATION Stock Option Plans At December 31, 2020, two 2005 “2005 March 2015, 2015 “2015 December 6, 2016 March 14, 2017. 2015 5,000,000 December 31, 2020, 115,000 2,942,018 2005 2015 483,480 3,540,498 two Share-Based Compensation The Company's employee stock options have various restrictions that reduce option value, including vesting provisions and restrictions on transfer and hedging, among others, and are often exercised prior to their contractual maturity. There were 215,000 three December 31, 2020. 1,133,727 2020. three December 31, 2020 Three months ended December 31, 2020 2019 Volatility 48.6 % 40.2 % Risk-free interest rate 0.6 % 1.5 % Forfeiture rate 3.8 % 10.0 % Dividend yield 0.0 % 0.0 % Expected term 6.9 5.0 Expected volatility is based on the historical volatility of the Company's common stock over the period commensurate with the expected term of the options. The risk-free interest rate is based on rates published by the Federal Reserve Board. The contractual term of the options was seven not 2021 2020. As of December 31, 2020, $1,067 2.6 Performance-Based Stock Options On August 1, 2016, 750,000 seven 375,000 2019 2020. 2019 2020 The Company determined that certain performance conditions related to the 2019 2020 187,500 2019 375,000 2020 $459 September 30, 2020, On October 4, 2019, 800,000 seven 2022 2023 not The Company did not three December 31, 2020. Restricted Stock Units During fiscal 2018, 93,330 three first three $210, three On February 7, 2019, 30,000 five first $413, March 12, 2020 2019, 99,300 three first three $248, three no three December 31, 2020. Compensation expense for RSUs was $138 three December 31, 2020. $126 three December 31, 2019. A summary of the restricted stock units of the Company as of December 31, 2020 Number of Shares Weighted Average Grant Date Fair Value Outstanding September 30, 2020 303,014 $ 2.82 Granted - $ - Released - $ - Forfeited/cancelled (277 ) $ 2.26 Outstanding December 31, 2020 302,737 $ 2.82 Stock Option Summary Information A summary of the activity in options to purchase the capital stock of the Company as of December 31, 2020 Number of Shares Weighted Average Exercise Price Outstanding September 30, 2020 2,659,305 $ 2.56 Granted 215,000 $ 6.87 Forfeited/expired (94,125 ) $ 1.99 Exercised (25,899 ) $ 2.06 Outstanding December 31, 2020 2,754,281 $ 2.92 Exerciseable December 31, 2020 1,500,749 $ 2.08 Options outstanding are exercisable at prices ranging from $1.31 $6.87 2020 2027 4.42 December 31, 2020 $9,993 $6,670, $6.52 three December 31, 2020 $113 $54. three December 31, 2019 $128 $144. The following table summarized information about stock options outstanding at December 31, 2020: Weighted Average Weighted Average Weighted Average Range of Number Remaining Exercise Number Exercise Exercise Prices Outstanding Contractual Life Price Exercisable Price $1.31 - $1.86 373,054 2.64 $ 1.66 351,460 $ 1.66 $1.99 - $1.99 937,500 3.18 $ 1.99 937,500 $ 1.99 $2.02 - $3.17 95,000 0.91 $ 2.42 95,000 $ 2.42 $3.39 - $3.40 1,133,727 5.83 $ 3.39 104,289 $ 3.40 $6.87 - $6.87 215,000 6.94 $ 6.87 12,500 $ 6.87 2,754,281 4.42 $ 2.92 1,500,749 $ 2.08 The Company recorded $44 $32 three December 31, 2020, 2019, Share-Based Compensation The Company recorded share-based compensation expense and classified it in the condensed consolidated statements of operations as follows: Three Months Ended December 31, 2020 2019 Cost of revenues $ 5 $ 4 Selling, general and administrative 171 143 Research and development 6 11 $ 182 $ 158 |
Note 17 - Stockholders' Equity
Note 17 - Stockholders' Equity | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 1 7 . STOCKHOLDERS' EQUITY Summary The following table summarizes changes in the components of stockholders' equity during the three December 31, 2020 three December 31, 2019 ( Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Loss Equity Balance at September 30, 2020 33,561,544 $ 336 $ 91,248 $ (41,858 ) $ (250 ) $ 49,140 Share-based compensation expense - - 182 - - 182 Issuance of common stock upon exercise of stock options, net 25,899 - 54 - - 54 Obligation to issue common stock - - 3,431 - - 3,431 Other comprehensive loss - - - - 469 469 Net loss - - - (619 ) - (619 ) Balance at December 31, 2020 33,587,443 $ 336 $ 94,915 $ (42,477 ) $ 219 $ 52,657 Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Loss Equity Balance at September 30, 2019 32,949,987 $ 330 $ 89,572 $ (53,732 ) $ (459 ) $ 35,381 Share-based compensation expense - - 158 - - 158 Issuance of common stock upon exercise of stock options, net 83,343 1 144 - - 144 Other comprehensive loss - - - - 85 85 Net income - - - 620 - 620 Balance at December 31, 2019 33,033,330 $ 331 $ 89,874 $ (53,112 ) $ (374 ) $ 36,388 Common Stock Activity During the three December 31, 2020, 25,899 $54 three December 31, 2019, 83,343 $144 In connection with the Amika Mobile asset purchase, the Company agreed to issue 191,267 second third 573,801. $5.98, $3,431 Share Buyback Program In December 2018, January 1, 2019 December 31, 2020, $5 December 2020, December 31, 2022. December 31, 2018. During the three December 31, 2020 2019, no Dividends There were no three December 31, 2020 2019. |
Note 18 - Net (Loss) Income Per
Note 18 - Net (Loss) Income Per Share | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 1 8 . NET (LOSS) INCOME PER SHARE The following table sets forth the computation of basic and diluted net income per share: Three months Ended December 31, 2020 2019 Net (loss) income $ (619 ) $ 620 Basic (loss) income per share $ (0.02 ) $ 0.02 Diluted (loss) income per share $ (0.02 ) $ 0.02 Weighted average shares outstanding - basic 33,573,755 32,977,765 Assumed exercise of dilutive options - 732,855 Weighted average shares outstanding - diluted 33,573,755 33,710,620 Potentially diluted securities outstanding at period end excluded from diluted computation as the inclusion would have been antidilutive: Options 2,754,281 708,727 RSU 302,737 - Total 3,057,018 708,727 |
Note 19 - Segment Information
Note 19 - Segment Information | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 1 9 . SEGMENT INFORMATION The Company is engaged in the design, development and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. The Company operates in two two not The following table presents the Company's segment disclosures: For the three December 31, 2020: Revenue from External Customers Intersegment Revenues Operating Income Depreciation and amortization expense Income Tax Benefit Hardware $ 7,389 $ 160 $ 90 $ (5 ) Software 639 351 (853 ) 191 $ 8,028 $ 351 $ (693 ) $ 281 $ (5 ) As of December 31, 2020: Long-lived assets Total Assets Hardware $ 1,863 $ 56,021 Software 12,265 14,582 $ 14,128 $ 70,603 For the three December 31, 2019: Revenue from External Customers Intersegment Revenues Operating Income Depreciation and amortization expense Income Tax Expense Hardware $ 8,362 $ - $ 861 $ 131 $ 172 Software 420 385 (165 ) 78 - $ 8,782 $ 385 $ 696 $ 209 $ 172 As of September 30, 2020: Long-lived assets Total Assets Hardware $ 1,924 $ 61,152 Software 3,421 5,015 $ 5,345 $ 66,167 |
Note 20 - Major Customers, Supp
Note 20 - Major Customers, Suppliers and Related Information | 3 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 20 . MAJOR CUSTOMERS , SUPPLIERS AND RELATED INFORMATION For the three December 31, 2020, one 52% no 10% December 31, 2020, three 48%, 14% 10% no 10% For the three December 31, 2019, two 62% 13% no 10% December 31, 2019, two 66% 10% no 10% Revenue from customers in the United States was $5,712 three December 31, 2020. $6,512 three December 31, 2019. Three months ended December 31, 2020 2019 Americas $ 6,014 $ 6,804 Asia Pacific 1,011 1,548 Europe, Middle East and Africa 1,003 430 Total Revenues $ 8,028 $ 8,782 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | General The Company's unaudited interim condensed consolidated financial statements included herein have been prepared in accordance with the instructions to Form 10 8 X not September 30, 2020 10 December 10, 2020. September 30, 2020 September 30, 2020 10 not |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The Company has seven two |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with an original maturity of three December 31, 2020 $19,584. September 30, 2020 $23,319. The Company considers any amounts pledged as collateral or otherwise restricted for use in current operations to be restricted cash. In addition, the Company considers cash and cash equivalents designated to fund specific future contractual obligations related to business combinations to be restricted cash. Restricted cash is classified as a current asset unless amounts are not one December 31, 2020 $295 $1,180. September 30, 2020 $270 $395. |
Immaterial Correction of Prior Period Financial Statements, Policy [Policy Text Block] | Immaterial Correction of Prior Period Financial Statements During the quarter ended December 31, 2020, September 30, 2020 $5,205 no September 30, 2020, no December 31, 2020, No. 99 No. 108 no December 31, 2020 September 30, 2020, September 30, 2020. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Where necessary, the prior year's information has been reclassified to conform to the current year presentation. |
Note 4 - Business Combination (
Note 4 - Business Combination (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash paid $ 4,367 Asset purchase holdback liability 613 Common stock to be issued 3,431 $ 8,411 |
Business Combination, Separately Recognized Transactions [Table Text Block] | Assets Acquired Prepaid expenses $ 2 Fixed assets 22 Operating lease right of use asset 248 Intangible Assets 2,820 Goodwill 5,663 Total assets acquired $ 8,755 Liabilities assumed Accrued liabilities $ 96 Operating lease liability 248 Total liabilities assumed 344 Net Assets acquired $ 8,411 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | Fair Value Useful Lives (in years) Developed technology $ 2,500 7 Customer relationships 320 7 $ 2,820 |
Note 5 - Revenue Recognition (T
Note 5 - Revenue Recognition (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Customer deposits Deferred revenue Total contract liabilities Balance at September 30, 2020 $ 3,683 $ 1,024 $ 4,707 New performance obligations 3,476 245 3,721 Recognition of revenue as a result of satisfying performance obligations (2,221 ) (439 ) (2,660 ) Effect of exchange rate on deferred revenue - 21 21 Balance at December 31, 2020 $ 4,938 $ 851 $ 5,789 Less: non-current portion - (275 ) (275 ) Current portion at December 31, 2020 $ 4,938 $ 576 $ 5,514 |
Note 6 - Fair Value Measureme_2
Note 6 - Fair Value Measurements (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | December 31, 2020 Cost Basis Unrealized Gain Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 528 $ - $ 528 $ 528 $ - $ - Level 2: Certificates of deposit 1,194 - 1,194 - - 1,194 Municipal securities 4,411 2 4,413 - 3,638 775 Corporate bonds 2,327 2 2,329 - 1,879 450 Subtotal 7,932 4 7,936 - 5,517 2,419 Total $ 8,460 $ 4 $ 8,464 $ 528 $ 5,517 $ 2,419 September 30, 2020 Cost Basis Unrealized Gain Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 365 $ - $ 365 $ 365 $ - $ - Level 2: Certificates of deposit 1,195 - 1,195 - - 1,195 Municipal securities 3,777 4 3,781 - 2,432 1,350 Corporate bonds 3,091 3 3,094 - 1,833 1,260 Subtotal 8,063 7 8,070 - 4,265 3,805 Total $ 8,428 $ 7 $ 8,435 $ 365 $ 4,265 $ 3,805 |
Note 7 - Inventories, Net (Tabl
Note 7 - Inventories, Net (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31, September 30, 2020 2020 Raw materials $ 5,859 $ 5,220 Finished goods 763 841 Work in process 927 456 Inventories, gross 7,549 6,517 Reserve for obsolescence (586 ) (568 ) Inventories, net $ 6,963 $ 5,949 |
Note 8 - Property and Equipme_2
Note 8 - Property and Equipment, Net (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, September 30, 2020 2020 Office furniture and equipment $ 1,244 $ 1,181 Machinery and equipment 1,193 1,184 Leasehold improvements 2,056 2,056 Construction in progress 28 8 Property and equipment, gross 4,521 4,429 Accumulated depreciation (2,636 ) (2,499 ) Property and equipment, net $ 1,885 $ 1,930 |
Depreciation Expense [Member] | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Three months ended December 31, 2020 2019 Depreciation expense $ 99 $ 134 |
Note 9 - Goodwill and Intangi_2
Note 9 - Goodwill and Intangible Assets (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, September 30, 2020 2020 Developed technology $ 3,297 $ 655 Customer relationships 990 627 Trade name portfolio 238 228 Non-compete agreements 258 247 Patents 72 72 4,855 1,829 Accumulated amortization (1,112 ) (886 ) $ 3,743 $ 943 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal year ending September 30, 2021 (remaining nine months) $ 501 2022 664 2023 630 2024 615 2025 480 Thereafter 853 Total estimated amortization expense $ 3,743 |
Note 10 - Prepaid Expenses an_2
Note 10 - Prepaid Expenses and Other (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | December 31, September 30, 2020 2020 Deposits for inventory $ 90 $ 54 Prepaid insurance 185 264 Dues and subscriptions 106 151 Trade shows and travel 104 103 Other 228 288 $ 713 $ 860 |
Note 11 - Accrued Liabilities (
Note 11 - Accrued Liabilities (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31, September 30, 2020 2020 Payroll and related $ 1,343 $ 2,545 Deferred revenue 576 731 Customer deposits 4,938 3,683 Accrued contract costs 857 719 Warranty reserve 134 126 Other - 76 Total $ 7,848 $ 7,880 |
Other Noncurrent Liabilities [Table Text Block] | December 31, September 30, 2020 2020 Deferred extended warranty revenue $ 275 $ 293 Asset purchase holdback liability 640 - Total $ 915 $ 293 |
Schedule of Product Warranty Liability [Table Text Block] | December 31, September 30, 2020 2020 Beginning balance $ 126 $ 150 Warranty provision 15 16 Warranty settlements (7 ) (40 ) Ending balance $ 134 $ 126 |
Note 12 - Debt (Tables)
Note 12 - Debt (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Loans With Governmental Agencies [Table Text Block] | Agency Due Date Principal Ministry of Economy and Competitiveness February 2, 2022 $ 37 Ministry of Economy and Competitiveness February 2, 2024 295 (a) $ 332 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2021 $ 314 2022 18 Total $ 332 |
Note 13 - Leases (Tables)
Note 13 - Leases (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Initial Measurement of Operating Lease [Table Text Block] | Operating ROU assets Operating lease ROU asset at September 30, 2020 $ 5,285 Additional operating lease ROU assets 248 Less amortization of operating lease ROU assets (170 ) Effect of exchange rate on operating lease ROU assets 21 Operating lease ROU asset at December 31, 2020 $ 5,384 Operating lease liabilities Operating lease liabilities at September 30, 2020 $ 7,166 Additional operating lease liabilities 248 Less lease principal payments on operating lease liabilities (202 ) Effect of exchange rate on operating lease liabilities 21 Operating lease liabilities at December 31, 2020 7,233 Less non-current portion (6,385 ) Current portion at December 31, 2020 $ 848 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal year ending September 30, 2021 (remaining nine months) $ 840 2022 1,146 2023 1,090 2024 1,085 2025 1,162 Thereafter 3,104 Total undiscounted operating lease payments 8,427 Less imputed interest (1,194 ) Present value of operating lease liabilities 7,233 Less lease liability, noncurrent (6,385 ) Lease liability, current portion $ 848 |
Note 16 - Share-based Compens_2
Note 16 - Share-based Compensation (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three months ended December 31, 2020 2019 Volatility 48.6 % 40.2 % Risk-free interest rate 0.6 % 1.5 % Forfeiture rate 3.8 % 10.0 % Dividend yield 0.0 % 0.0 % Expected term 6.9 5.0 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Shares Weighted Average Grant Date Fair Value Outstanding September 30, 2020 303,014 $ 2.82 Granted - $ - Released - $ - Forfeited/cancelled (277 ) $ 2.26 Outstanding December 31, 2020 302,737 $ 2.82 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Shares Weighted Average Exercise Price Outstanding September 30, 2020 2,659,305 $ 2.56 Granted 215,000 $ 6.87 Forfeited/expired (94,125 ) $ 1.99 Exercised (25,899 ) $ 2.06 Outstanding December 31, 2020 2,754,281 $ 2.92 Exerciseable December 31, 2020 1,500,749 $ 2.08 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Weighted Average Weighted Average Weighted Average Range of Number Remaining Exercise Number Exercise Exercise Prices Outstanding Contractual Life Price Exercisable Price $1.31 - $1.86 373,054 2.64 $ 1.66 351,460 $ 1.66 $1.99 - $1.99 937,500 3.18 $ 1.99 937,500 $ 1.99 $2.02 - $3.17 95,000 0.91 $ 2.42 95,000 $ 2.42 $3.39 - $3.40 1,133,727 5.83 $ 3.39 104,289 $ 3.40 $6.87 - $6.87 215,000 6.94 $ 6.87 12,500 $ 6.87 2,754,281 4.42 $ 2.92 1,500,749 $ 2.08 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended December 31, 2020 2019 Cost of revenues $ 5 $ 4 Selling, general and administrative 171 143 Research and development 6 11 $ 182 $ 158 |
Note 17 - Stockholders' Equity
Note 17 - Stockholders' Equity (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Loss Equity Balance at September 30, 2020 33,561,544 $ 336 $ 91,248 $ (41,858 ) $ (250 ) $ 49,140 Share-based compensation expense - - 182 - - 182 Issuance of common stock upon exercise of stock options, net 25,899 - 54 - - 54 Obligation to issue common stock - - 3,431 - - 3,431 Other comprehensive loss - - - - 469 469 Net loss - - - (619 ) - (619 ) Balance at December 31, 2020 33,587,443 $ 336 $ 94,915 $ (42,477 ) $ 219 $ 52,657 Accumulated Additional Other Total Common Stock Paid-in Accumulated Comprehensive Stockholders' Shares Amount Capital Deficit Loss Equity Balance at September 30, 2019 32,949,987 $ 330 $ 89,572 $ (53,732 ) $ (459 ) $ 35,381 Share-based compensation expense - - 158 - - 158 Issuance of common stock upon exercise of stock options, net 83,343 1 144 - - 144 Other comprehensive loss - - - - 85 85 Net income - - - 620 - 620 Balance at December 31, 2019 33,033,330 $ 331 $ 89,874 $ (53,112 ) $ (374 ) $ 36,388 |
Note 18 - Net (Loss) Income P_2
Note 18 - Net (Loss) Income Per Share (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months Ended December 31, 2020 2019 Net (loss) income $ (619 ) $ 620 Basic (loss) income per share $ (0.02 ) $ 0.02 Diluted (loss) income per share $ (0.02 ) $ 0.02 Weighted average shares outstanding - basic 33,573,755 32,977,765 Assumed exercise of dilutive options - 732,855 Weighted average shares outstanding - diluted 33,573,755 33,710,620 Potentially diluted securities outstanding at period end excluded from diluted computation as the inclusion would have been antidilutive: Options 2,754,281 708,727 RSU 302,737 - Total 3,057,018 708,727 |
Note 19 - Segment Information (
Note 19 - Segment Information (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Revenue from External Customers Intersegment Revenues Operating Income Depreciation and amortization expense Income Tax Benefit Hardware $ 7,389 $ 160 $ 90 $ (5 ) Software 639 351 (853 ) 191 $ 8,028 $ 351 $ (693 ) $ 281 $ (5 ) Long-lived assets Total Assets Hardware $ 1,863 $ 56,021 Software 12,265 14,582 $ 14,128 $ 70,603 Revenue from External Customers Intersegment Revenues Operating Income Depreciation and amortization expense Income Tax Expense Hardware $ 8,362 $ - $ 861 $ 131 $ 172 Software 420 385 (165 ) 78 - $ 8,782 $ 385 $ 696 $ 209 $ 172 Long-lived assets Total Assets Hardware $ 1,924 $ 61,152 Software 3,421 5,015 $ 5,345 $ 66,167 |
Note 20 - Major Customers, Su_2
Note 20 - Major Customers, Suppliers and Related Information (Tables) | 3 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three months ended December 31, 2020 2019 Americas $ 6,014 $ 6,804 Asia Pacific 1,011 1,548 Europe, Middle East and Africa 1,003 430 Total Revenues $ 8,028 $ 8,782 |
Note 2 - Basis of Presentatio_2
Note 2 - Basis of Presentation and Significant Accounting Policies (Details Textual) $ in Thousands | Dec. 31, 2020USD ($) | Sep. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
Number of Wholly Owned Subsidiaries | 7 | ||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 19,584 | $ 23,319 | $ 17,092 |
Restricted Cash, Current | 295 | 282 | |
Restricted Cash, Noncurrent | 1,180 | $ 395 | |
Immaterial Correction of Prior Period Financial Statements [Member] | |||
Prepaid Expenses and Accrued Liabilities | $ 5,205 |
Note 4 - Business Combination_2
Note 4 - Business Combination (Details Textual) $ / shares in Units, $ in Thousands, $ in Millions | Oct. 02, 2020USD ($)$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2020CAD ($)shares | Sep. 30, 2020USD ($) | Jun. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
Share Price (in dollars per share) | $ / shares | $ 5.98 | $ 6.52 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | |||||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||||
Asset Acquisition, Holdback Liability Deposited | $ 1 | |||||
Asset Acquisition, Adjustments from Purchase Holdback Liability, Period (Year) | 3 years | 3 years | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares, Each Anniversaries (in shares) | shares | 191,267 | 191,267 | 191,267 | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 573,801 | 573,801 | 573,801 | |||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | $ 3,431 | ||||
Business Combination, Acquisition Related Costs | $ 242 | |||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 7 years | 7 years | ||||
Assets Acquisition of Amika Mobile Corporation [Member] | Selling, General and Administrative Expenses [Member] | ||||||
Business Combination, Acquisition Related Costs | $ 10 | $ 132 | $ 100 |
Note 4 - Business Combination -
Note 4 - Business Combination - Preliminary Consideration (Details) - USD ($) $ in Thousands | Oct. 02, 2020 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash paid | $ 4,367 | ||
Common stock to be issued | 3,431 | ||
Assets Acquisition of Amika Mobile Corporation [Member] | |||
Cash paid | $ 4,367 | ||
Asset purchase holdback liability | 613 | ||
Common stock to be issued | 3,431 | $ 3,431 | |
Business Combination, Consideration Transferred, Total | $ 8,411 |
Note 4 - Business Combination_3
Note 4 - Business Combination - Purchase Price Allocation (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Oct. 02, 2020 | Sep. 30, 2020 |
Goodwill | $ 8,500 | $ 2,472 | |
Assets Acquisition of Amika Mobile Corporation [Member] | |||
Prepaid expenses | $ 2 | ||
Fixed assets | 22 | ||
Operating lease right of use asset | 248 | ||
Intangible Assets | $ 2,820 | 2,820 | |
Goodwill | 5,663 | ||
Total assets acquired | 8,755 | ||
Accrued liabilities | 96 | ||
Operating lease liability | 248 | ||
Total liabilities assumed | 344 | ||
Net Assets acquired | $ 8,411 |
Note 4 - Business Combination_4
Note 4 - Business Combination - Estimate Fair Value of the Identifiable Assets Acquired and Estimated Useful Lives (Details) - Assets Acquisition of Amika Mobile Corporation [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Oct. 02, 2020 | |
Fair value | $ 2,820 | $ 2,820 |
Useful lives (Year) | 7 years | |
Developed Technology Rights [Member] | ||
Fair value | $ 2,500 | |
Useful lives (Year) | 7 years | |
Customer Relationships [Member] | ||
Fair value | $ 320 | |
Useful lives (Year) | 7 years |
Note 5 - Revenue Recognition 1
Note 5 - Revenue Recognition 1 (Details Textual) | Dec. 31, 2020USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 5,789 |
Note 5 - Revenue Recognition 2
Note 5 - Revenue Recognition 2 (Details Textual) | Dec. 31, 2020USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 5,789 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 5,514 |
Revenue, Remaining Performance Obligation, Percentage | 95.00% |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 1 year |
Note 5 - Revenue Recognition -
Note 5 - Revenue Recognition - Contract Asset and Contract Liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Sep. 30, 2020 | |
Balance | $ 4,707 | |
New performance obligations | 3,721 | |
Recognition of revenue as a result of satisfying performance obligations | (2,660) | |
Effect of exchange rate on deferred revenue | 21 | |
Balance | 5,789 | |
Less: non-current portion | (275) | |
Current portion | 5,514 | |
Customer Deposits [Member] | ||
Balance | 3,683 | |
New performance obligations | 3,476 | |
Recognition of revenue as a result of satisfying performance obligations | (2,221) | |
Effect of exchange rate on deferred revenue | ||
Balance | 4,938 | |
Less: non-current portion | ||
Current portion | 4,938 | $ 3,683 |
Deferred Revenue [Member] | ||
Balance | 1,024 | |
New performance obligations | 245 | |
Recognition of revenue as a result of satisfying performance obligations | (439) | |
Effect of exchange rate on deferred revenue | 21 | |
Balance | 851 | |
Less: non-current portion | (275) | (293) |
Current portion | $ 576 | $ 731 |
Note 6 - Fair Value Measureme_3
Note 6 - Fair Value Measurements (Details Textual) - Foreign Exchange Forward [Member] $ in Thousands | Oct. 01, 2020USD ($) | Oct. 01, 2020CAD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2020CAD ($) |
Derivative, Notional Amount | $ 6,955 | |||
Payments for Derivative Instrument, Financing Activities | $ 5,281 | $ 6,955 | ||
Derivative, Gain (Loss) on Derivative, Net, Total | $ (48,000) | |||
Fair Value, Inputs, Level 2 [Member] | ||||
Derivative Liability, Total | $ 76,000 |
Note 6 - Fair Value Measureme_4
Note 6 - Fair Value Measurements - Fair Value by Major Security Type (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Short-term marketable securities | $ 5,517 | $ 4,265 |
Long-term Securities | 2,419 | 3,805 |
Fair Value, Nonrecurring [Member] | ||
Cost Basis | 8,460 | 8,428 |
Unrealized Gains (Losses) | 4 | 7 |
Fair Value | 8,464 | 8,435 |
Cash Equivalents | 528 | 365 |
Short-term marketable securities | 5,517 | 4,265 |
Long-term Securities | 2,419 | 3,805 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cost Basis | 528 | 365 |
Unrealized Gains (Losses) | ||
Fair Value | 528 | 365 |
Cash Equivalents | 528 | 365 |
Short-term marketable securities | ||
Long-term Securities | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cost Basis | 7,932 | 8,063 |
Unrealized Gains (Losses) | 4 | 7 |
Fair Value | 7,936 | 8,070 |
Cash Equivalents | ||
Short-term marketable securities | 5,517 | 4,265 |
Long-term Securities | 2,419 | 3,805 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member] | ||
Cost Basis | 1,194 | 1,195 |
Unrealized Gains (Losses) | ||
Fair Value | 1,194 | 1,195 |
Cash Equivalents | ||
Short-term marketable securities | ||
Long-term Securities | 1,194 | 1,195 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Cost Basis | 4,411 | 3,777 |
Unrealized Gains (Losses) | 2 | 4 |
Fair Value | 4,413 | 3,781 |
Cash Equivalents | ||
Short-term marketable securities | 3,638 | 2,432 |
Long-term Securities | 775 | 1,350 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Cost Basis | 2,327 | 3,091 |
Unrealized Gains (Losses) | 2 | 3 |
Fair Value | 2,329 | 3,094 |
Cash Equivalents | ||
Short-term marketable securities | 1,879 | 1,833 |
Long-term Securities | $ 450 | $ 1,260 |
Note 7 - Inventories, Net - Sch
Note 7 - Inventories, Net - Schedule of Inventory (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Raw materials | $ 5,859 | $ 5,220 |
Finished goods | 763 | 841 |
Work in process | 927 | 456 |
Inventories, gross | 7,549 | 6,517 |
Reserve for obsolescence | (586) | (568) |
Inventories, net | $ 6,963 | $ 5,949 |
Note 8 - Property and Equipme_3
Note 8 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Property and equipment | $ 4,521 | $ 4,429 |
Accumulated depreciation | (2,636) | (2,499) |
Property and equipment, net | 1,885 | 1,930 |
Furniture and Fixtures [Member] | ||
Property and equipment | 1,244 | 1,181 |
Machinery and Equipment [Member] | ||
Property and equipment | 1,193 | 1,184 |
Leasehold Improvements [Member] | ||
Property and equipment | 2,056 | 2,056 |
Construction in Progress [Member] | ||
Property and equipment | $ 28 | $ 8 |
Note 8 - Property and Equipme_4
Note 8 - Property and Equipment, Net - Property and Equipment, Depreciation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Depreciation expense | $ 99 | $ 134 |
Note 9 - Goodwill and Intangi_3
Note 9 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Goodwill, Acquired During Period | $ 5,663 | |
Goodwill, Impairment Loss | 0 | |
Finite-lived Intangible Assets Acquired | 2,820 | |
Amortization of Intangible Assets, Total | 182 | $ 75 |
Genasys Acquisition [Member] | ||
Goodwill and Intangible Assets, Foreign Currency Translation Gain (Loss) | 156 | |
Assets Acquisition of Amika Mobile Corporation [Member] | ||
Goodwill and Intangible Assets, Foreign Currency Translation Gain (Loss) | $ 375 |
Note 9 - Goodwill and Intangi_4
Note 9 - Goodwill and Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Intangible assets, gross carrying amount | $ 4,855 | $ 1,829 |
Accumulated amortization | (1,112) | (886) |
Intangible assets, net | 3,743 | 943 |
Developed Technology Rights [Member] | ||
Intangible assets, gross carrying amount | 3,297 | 655 |
Customer Relationships [Member] | ||
Intangible assets, gross carrying amount | 990 | 627 |
Trade Names [Member] | ||
Intangible assets, gross carrying amount | 238 | 228 |
Noncompete Agreements [Member] | ||
Intangible assets, gross carrying amount | 258 | 247 |
Patents [Member] | ||
Intangible assets, gross carrying amount | $ 72 | $ 72 |
Note 9 - Goodwill and Intangi_5
Note 9 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 (remaining nine months) | $ 501 |
2022 | 664 |
2023 | 630 |
2024 | 615 |
2025 | 480 |
Thereafter | 853 |
Total estimated amortization expense | $ 3,743 |
Note 10 - Prepaid Expenses an_3
Note 10 - Prepaid Expenses and Other - Summary of Prepaid Expenses and Others (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 | Sep. 30, 2019 |
Deposits for inventory | $ 90 | $ 54 | |
Prepaid insurance | 185 | 264 | |
Dues and subscriptions | 106 | 151 | |
Trade shows and travel | 104 | 103 | |
Other | 228 | 288 | |
Prepaid expenses and other | $ 713 | $ 860 | $ 860 |
Note 11 - Accrued Liabilities_2
Note 11 - Accrued Liabilities (Details Textual) $ in Thousands, $ in Millions | Oct. 02, 2020USD ($) | Oct. 02, 2020CAD ($) | Dec. 31, 2020 |
Assets Acquisition of Amika Mobile Corporation [Member] | |||
Asset Purchase Agreement, Deduction From Liability | $ 785 | $ 1 | |
Asset Purchase Agreement, Deduction, Term (Year) | 3 years | 3 years | |
Minimum [Member] | |||
Extended Product Warranty Term (Year) | 1 year | ||
Maximum [Member] | |||
Extended Product Warranty Term (Year) | 2 years |
Note 11 - Accrued Liabilities -
Note 11 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Payroll and related | $ 1,343 | $ 2,545 |
Contract liability, current | 5,514 | |
Accrued contract costs | 857 | 719 |
Warranty reserve | 134 | 126 |
Other | 76 | |
Total | 7,848 | 7,880 |
Deferred Revenue [Member] | ||
Contract liability, current | 576 | 731 |
Customer Deposits [Member] | ||
Contract liability, current | $ 4,938 | $ 3,683 |
Note 11 - Accrued Liabilities_3
Note 11 - Accrued Liabilities - Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
Deferred extended warranty revenue | $ 275 | |
Asset purchase holdback liability | 640 | |
Total | 915 | 293 |
Deferred Revenue [Member] | ||
Deferred extended warranty revenue | $ 275 | $ 293 |
Note 11 - Accrued Liabilities_4
Note 11 - Accrued Liabilities - Changes in Warranty Reserve (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Dec. 31, 2020 | Sep. 30, 2020 | |
Beginning balance | $ 126 | $ 150 |
Warranty provision | 15 | 16 |
Warranty settlements | (7) | (40) |
Ending balance | $ 134 | $ 126 |
Note 12 - Debt (Details Textual
Note 12 - Debt (Details Textual) $ in Thousands | Dec. 31, 2020USD ($) |
Long-term Debt, Current Maturities, Total | $ 314 |
Long-term Debt, Excluding Current Maturities, Total | 18 |
Collateral Pledged [Member] | Loan with Ministry of Science and Innovation, Due February 2, 2024 [Member] | Genasys Acquisition [Member] | |
Long-term Debt, Current Maturities, Total | $ 295 |
Note 12 - Debt - Loans With Gov
Note 12 - Debt - Loans With Governmental Agencies (Details) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020USD ($) | ||
Principal, loans with governmental agencies | $ 332 | |
Loans With Governmental Agencies [Member] | ||
Principal, loans with governmental agencies | $ 332 | |
Loans With Governmental Agencies [Member] | Ministry of Economy and Competitiveness, Debt, Due February 2, 2022 [Member] | ||
Due date, loans with governmental agencies | Feb. 2, 2022 | |
Principal, loans with governmental agencies | $ 37 | |
Loans With Governmental Agencies [Member] | Ministry of Economy and Competitiveness, Debt, Due February 2, 2024 [Member] | ||
Due date, loans with governmental agencies | Feb. 2, 2024 | |
Principal, loans with governmental agencies | $ 295 | [1] |
[1] | This loan is secured by $295 of cash pledged as collateral by Genasys Spain, which is the current balance of the loan. This amount is included in restricted cash at December 31, 2020. The Company expects the Ministry of Economy and Competitiveness to declare the terms of the loan satisfied within fiscal 2021 and that the outstanding balance of the loan will be paid in full during fiscal 2021. Accordingly, this has been included in the current portion of notes payable as of December 31, 2020. |
Note 12 - Debt - Future Annual
Note 12 - Debt - Future Annual Payments (Details) $ in Thousands | Dec. 31, 2020USD ($) |
2021 | $ 314 |
2022 | 18 |
Total | $ 332 |
Note 13 - Leases (Details Textu
Note 13 - Leases (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2020 | Oct. 01, 2019 | |
Increase in Lease Liability with 10% Increase in Index | $ 19 | |||
Operating Lease, Liability | 7,233 | $ 7,166 | ||
Operating Lease, Right-of-Use Asset | $ 5,384 | $ 5,285 | ||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 7 years 124 days | |||
Operating Lease, Weighted Average Discount Rate, Percent | 4.13% | |||
Operating Lease, Expense | $ 236 | $ 225 | ||
Short-term Lease, Cost | 0 | $ 0 | ||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||
Operating Lease, Liability | 248 | |||
Operating Lease, Right-of-Use Asset | $ 248 | |||
Accounting Standards Update 2016-02 [Member] | ||||
Operating Lease, Liability | $ 7,815 | |||
Operating Lease, Right-of-Use Asset | $ 5,824 |
Note 13 - Leases - Initial Meas
Note 13 - Leases - Initial Measurement of Operating Lease (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Sep. 30, 2020 | |
Operating lease ROU asset at September 30, 2020 | $ 5,384 | $ 5,285 |
Additional operating lease ROU assets | 248 | |
Less amortization of operating lease ROU assets | (170) | |
Effect of exchange rate on operating lease ROU assets | 21 | |
Operating lease liabilities | 7,233 | 7,166 |
Less lease principal payments on operating lease liabilities | (202) | |
Effect of exchange rate on operating lease liabilities | 21 | |
Less non-current portion | (6,385) | (6,395) |
Current portion at December 31, 2020 | $ 848 | $ 771 |
Note 13 - Leases - Maturities o
Note 13 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 |
2021 (remaining nine months) | $ 840 | |
2022 | 1,146 | |
2023 | 1,090 | |
2024 | 1,085 | |
2025 | 1,162 | |
Thereafter | 3,104 | |
Total undiscounted operating lease payments | 8,427 | |
Less imputed interest | (1,194) | |
Present value of operating lease liabilities | 7,233 | $ 7,166 |
Less non-current portion | (6,385) | (6,395) |
Current portion at December 31, 2020 | $ 848 | $ 771 |
Note 14 - Income Taxes (Details
Note 14 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Income Tax Expense (Benefit), Total | $ (5) | $ 172 |
Effective Income Tax Rate Reconciliation, Percent, Total | 31.20% | 21.80% |
Unrecognized Tax Benefits, Ending Balance | $ 0 |
Note 15 - Commitments and Con_2
Note 15 - Commitments and Contingencies (Details Textual) $ / shares in Units, $ in Thousands, $ in Millions | Oct. 02, 2020USD ($)$ / sharesshares | Oct. 02, 2020CAD ($)shares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019USD ($) |
Increase (Decrease) in Other Employee-Related Liabilities | $ 459 | $ 408 | ||
Share Price (in dollars per share) | $ / shares | $ 5.98 | $ 6.52 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | |||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||
Asset Purchase Agreement, Deduction From Liability | $ 785 | $ 1 | ||
Asset Purchase Agreement, Deduction, Term (Year) | 3 years | 3 years | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares, Each Anniversaries (in shares) | shares | 191,267 | 191,267 | 191,267 | |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares | 573,801 | 573,801 | 573,801 | |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | $ 3,431 |
Note 16 - Share-based Compens_3
Note 16 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Oct. 04, 2019 | Feb. 07, 2019 | Aug. 01, 2016 | Dec. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2015 | Sep. 30, 2020 | Oct. 02, 2020 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 3,540,498 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 215,000 | 1,133,727 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 7 years | ||||||||||
Dividends, Total | $ 0 | $ 0 | |||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,067 | ||||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 219 days | ||||||||||
Share-based Payment Arrangement, Expense | $ 182 | $ 158 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 2.92 | $ 2.56 | $ 2.56 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 4 years 153 days | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 9,993 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 6,670 | ||||||||||
Share Price (in dollars per share) | $ 6.52 | $ 5.98 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 113 | 128 | |||||||||
Gross Proceeds from Stock Options Exercised | $ 54 | 144 | |||||||||
Minimum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 1.31 | ||||||||||
Maximum [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 6.87 | ||||||||||
Selling, General and Administrative Expenses [Member] | |||||||||||
Share-based Payment Arrangement, Expense | $ 171 | 143 | |||||||||
Common Stock Award [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 483,480 | ||||||||||
Performance Shares [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | ||||||||||
Performance Shares [Member] | Key Executive [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 800,000 | 750,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 7 years | 7 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Performance Criteria, Maximum Vested Per Year, Number (in shares) | 375,000 | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares (in shares) | 375,000 | 187,500 | |||||||||
Share-based Payment Arrangement, Expense | $ 0 | ||||||||||
Performance Shares [Member] | Key Executive [Member] | Selling, General and Administrative Expenses [Member] | |||||||||||
Share-based Payment Arrangement, Expense | $ 459 | ||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||
Share-based Payment Arrangement, Expense | $ 138 | 126 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 0 | ||||||||||
Restricted Stock Units (RSUs) [Member] | Employees [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 3 years | 3 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 99,300 | 93,330 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | 3 years | |||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 248 | $ 210 | |||||||||
Restricted Stock Units (RSUs) [Member] | Non-employee Directors [Member] | |||||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 413 | ||||||||||
Share Based Compensation Arrangement By Share Based Payment Award Options, Annual Grants, Gross (in shares) | 30,000 | ||||||||||
Share-based Payment Arrangement, Option [Member] | Employees, Directors, and Consultations [Member] | |||||||||||
Share-based Payment Arrangement, Expense | $ 44 | $ 32 | |||||||||
2015 Equity Plan [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares) | 5,000,000 | ||||||||||
2015 Equity Plan [Member] | Options and RSUs [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Equity Instruments Other than Options, Outstanding, Number (in shares) | 2,942,018 | ||||||||||
2005 Equity Plan [Member] | Options and RSUs [Member] | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options and Equity Instruments Other than Options, Outstanding, Number (in shares) | 115,000 |
Note 16 - Share-based Compens_4
Note 16 - Share-based Compensation - Weighted-average Assumptions (Details) | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Volatility | 48.60% | 40.20% |
Risk-free interest rate | 0.60% | 1.50% |
Forfeiture rate | 3.80% | 10.00% |
Dividend yield | 0.00% | 0.00% |
Expected term (Year) | 6 years 328 days | 5 years |
Note 16 - Share-based Compens_5
Note 16 - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member] | 3 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Number of Shares Outstanding (in shares) | shares | 303,014 |
Weighted Average Grant Date Fair Value, Outstanding (in dollars per share) | $ / shares | $ 2.82 |
Number of Shares Granted (in shares) | shares | 0 |
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares | |
Number of Shares Released (in shares) | shares | |
Weighted Average Grant Date Fair Value, Released (in dollars per share) | $ / shares | |
Number of Shares Forfeited/cancelled (in shares) | shares | (277) |
Weighted Average Grant Date Fair Value, Forfeited/cancelled (in dollars per share) | $ / shares | $ 2.26 |
Number of Shares Outstanding (in shares) | shares | 302,737 |
Weighted Average Grant Date Fair Value, Outstanding (in dollars per share) | $ / shares | $ 2.82 |
Note 16 - Share-based Compens_6
Note 16 - Share-based Compensation - Stock Option Activity (Details) - $ / shares | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2020 | |
Number of Shares Outstanding, Beginning Balance (in shares) | 2,659,305 | ||
Weighted Average Exercise Price, Shares Outstanding, Beginning Balance (in dollars per share) | $ 2.56 | ||
Number of Shares Granted (in shares) | 215,000 | 1,133,727 | |
Weighted Average Exercise Price, Shares Granted (in dollars per share) | $ 6.87 | ||
Number of Shares Forfeited/expired (in shares) | (94,125) | ||
Weighted Average Exercise Price, Shares Forfeited/expired (in dollars per share) | $ 1.99 | ||
Number of Shares Exercised (in shares) | (25,899) | (83,343) | |
Weighted Average Exercise Price, Exercised (in dollars per share) | $ 2.06 | ||
Number of Shares Outstanding, Ending Balance (in shares) | 2,754,281 | 2,659,305 | |
Weighted Average Exercise Price, Shares Outstanding, Ending Balance (in dollars per share) | $ 2.92 | $ 2.56 | |
Number of Shares Exercisable (in shares) | 1,500,749 | ||
Weighted Average Exercise Price, Shares Exercisable (in dollars per share) | $ 2.08 |
Note 16 - Share-based Compens_7
Note 16 - Share-based Compensation - Stock Options Outstanding (Details) | 3 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Number Outstanding (in shares) | shares | 2,754,281 |
Weighted Average Remaining Contractual Life (Year) | 4 years 153 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 2.92 |
Number Exercisable (in shares) | shares | 1,500,749 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 2.08 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | 2.08 |
Range One [Member] | |
Lower Exercise Price (in dollars per share) | 1.31 |
Upper Exercise Price (in dollars per share) | $ 1.86 |
Number Outstanding (in shares) | shares | 373,054 |
Weighted Average Remaining Contractual Life (Year) | 2 years 233 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 1.66 |
Number Exercisable (in shares) | shares | 351,460 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 1.66 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | 1.66 |
Range Two [Member] | |
Lower Exercise Price (in dollars per share) | 1.99 |
Upper Exercise Price (in dollars per share) | $ 1.99 |
Number Outstanding (in shares) | shares | 937,500 |
Weighted Average Remaining Contractual Life (Year) | 3 years 65 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 1.99 |
Number Exercisable (in shares) | shares | 937,500 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 1.99 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | 1.99 |
Range Three [Member] | |
Lower Exercise Price (in dollars per share) | 2.02 |
Upper Exercise Price (in dollars per share) | $ 3.17 |
Number Outstanding (in shares) | shares | 95,000 |
Weighted Average Remaining Contractual Life (Year) | 332 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 2.42 |
Number Exercisable (in shares) | shares | 95,000 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 2.42 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | 2.42 |
Range Four [Member] | |
Lower Exercise Price (in dollars per share) | 3.39 |
Upper Exercise Price (in dollars per share) | $ 3.40 |
Number Outstanding (in shares) | shares | 1,133,727 |
Weighted Average Remaining Contractual Life (Year) | 5 years 302 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 3.39 |
Number Exercisable (in shares) | shares | 104,289 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 3.40 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | 3.40 |
Range Five [Member] | |
Lower Exercise Price (in dollars per share) | 6.87 |
Upper Exercise Price (in dollars per share) | $ 6.87 |
Number Outstanding (in shares) | shares | 215,000 |
Weighted Average Remaining Contractual Life (Year) | 6 years 343 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 6.87 |
Number Exercisable (in shares) | shares | 12,500 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 6.87 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 6.87 |
Note 16 - Share-based Compens_8
Note 16 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Share-based Payment Arrangement, Expense | $ 182 | $ 158 |
Cost of Sales [Member] | ||
Share-based Payment Arrangement, Expense | 5 | 4 |
Selling, General and Administrative Expenses [Member] | ||
Share-based Payment Arrangement, Expense | 171 | 143 |
Research and Development Expense [Member] | ||
Share-based Payment Arrangement, Expense | $ 6 | $ 11 |
Note 17 - Stockholders' Equit_2
Note 17 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Oct. 02, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2020 | Dec. 31, 2018 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 25,899 | 83,343 | |||
Gross Proceeds from Stock Options Exercised | $ 54 | $ 144 | |||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | ||||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | 0 | ||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0 | $ 0 | |||
Share Buyback Program [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ 5,000 | ||||
Assets Acquisition of Amika Mobile Corporation [Member] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares, Each Anniversaries (in shares) | 191,267 | 191,267 | |||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 573,801 | 573,801 | |||
Business Acquisition, Share Price (in dollars per share) | $ 5.98 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | $ 3,431 |
Note 17 - Stockholders' Equit_3
Note 17 - Stockholders' Equity - Summary of Changes in Stockholders' Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Balance | $ 49,140 | $ 35,381 |
Share-based compensation expense | $ 182 | $ 158 |
Issuance of common stock upon exercise of stock options, net (in shares) | 25,899 | 83,343 |
Issuance of common stock upon exercise of stock options, net | $ 54 | $ 144 |
Obligation to issue common stock | 3,431 | |
Other comprehensive income (loss) | 469 | 85 |
Net (loss) income | (619) | 620 |
Balance | $ 52,657 | $ 36,388 |
Common Stock [Member] | ||
Balance (in shares) | 33,561,544 | 32,949,987 |
Balance | $ 336 | $ 330 |
Share-based compensation expense | ||
Issuance of common stock upon exercise of stock options, net (in shares) | 25,899 | 83,343 |
Issuance of common stock upon exercise of stock options, net | $ 1 | |
Obligation to issue common stock | ||
Other comprehensive income (loss) | ||
Net (loss) income | ||
Balance (in shares) | 33,587,443 | 33,033,330 |
Balance | $ 336 | $ 331 |
Additional Paid-in Capital [Member] | ||
Balance | 91,248 | 89,572 |
Share-based compensation expense | 182 | 158 |
Issuance of common stock upon exercise of stock options, net | 54 | 144 |
Obligation to issue common stock | 3,431 | |
Other comprehensive income (loss) | ||
Net (loss) income | ||
Balance | 94,915 | 89,874 |
Retained Earnings [Member] | ||
Balance | (41,858) | (53,732) |
Share-based compensation expense | ||
Issuance of common stock upon exercise of stock options, net | ||
Obligation to issue common stock | ||
Other comprehensive income (loss) | ||
Net (loss) income | (619) | 620 |
Balance | (42,477) | (53,112) |
AOCI Attributable to Parent [Member] | ||
Balance | (250) | (459) |
Share-based compensation expense | ||
Issuance of common stock upon exercise of stock options, net | ||
Obligation to issue common stock | ||
Other comprehensive income (loss) | 469 | 85 |
Net (loss) income | ||
Balance | $ 219 | $ (374) |
Note 18 - Net (Loss) Income P_3
Note 18 - Net (Loss) Income Per Share - Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Net (loss) income | $ (619) | $ 620 |
Basic (loss) income per share (in dollars per share) | $ (0.02) | $ 0.02 |
Diluted (loss) income per share (in dollars per share) | $ (0.02) | $ 0.02 |
Weighted average shares outstanding - basic (in shares) | 33,573,755 | 32,977,765 |
Assumed exercise of dilutive options (in shares) | 732,855 | |
Weighted average shares outstanding - diluted (in shares) | 33,573,755 | 33,710,620 |
Antidilutive securities (in shares) | 3,057,018 | 708,727 |
Share-based Payment Arrangement, Option [Member] | ||
Antidilutive securities (in shares) | 2,754,281 | 708,727 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive securities (in shares) | 302,737 |
Note 19 - Segment Information_2
Note 19 - Segment Information (Details Textual) | 3 Months Ended |
Dec. 31, 2020 | |
Number of Reportable Segments | 2 |
Number of Operating Segments | 2 |
Note 19 - Segment Information -
Note 19 - Segment Information - Segment Disclosures (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Sep. 30, 2020 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 8,028 | $ 8,782 | |
Operating Income (loss) | (693) | 696 | |
Depreciation and amortization | 281 | 209 | |
Income Tax Expense (Benefit), Total | (5) | 172 | |
Long-lived assets | 14,128 | $ 5,345 | |
Total assets | 70,603 | 66,167 | |
Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 351 | 385 | |
Hardware [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 7,389 | 8,362 | |
Operating Income (loss) | 160 | 861 | |
Depreciation and amortization | 90 | 131 | |
Income Tax Expense (Benefit), Total | (5) | 172 | |
Long-lived assets | 1,863 | 1,924 | |
Total assets | 56,021 | 61,152 | |
Hardware [Member] | Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | |||
Software [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 639 | 420 | |
Operating Income (loss) | (853) | (165) | |
Depreciation and amortization | 191 | 78 | |
Income Tax Expense (Benefit), Total | |||
Long-lived assets | 12,265 | 3,421 | |
Total assets | 14,582 | $ 5,015 | |
Software [Member] | Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 351 | $ 385 |
Note 20 - Major Customers, Su_3
Note 20 - Major Customers, Suppliers and Related Information (Details Textual) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 8,028 | $ 8,782 |
UNITED STATES | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 5,712 | $ 6,512 |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | ||
Number Of Major Customers | 1 | 2 |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member] | ||
Concentration Risk, Percentage | 52.00% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer 1 [Member] | ||
Concentration Risk, Percentage | 62.00% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer 2 [Member] | ||
Concentration Risk, Percentage | 13.00% | |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Number Of Major Customers | 3 | 2 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer 1 [Member] | ||
Concentration Risk, Percentage | 48.00% | 66.00% |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer 2 [Member] | ||
Concentration Risk, Percentage | 14.00% | 10.00% |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer 3 [Member] | ||
Concentration Risk, Percentage | 10.00% |
Note 20 - Major Customers, Su_4
Note 20 - Major Customers, Suppliers and Related Information - Schedule of Major Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues | $ 8,028 | $ 8,782 |
Americas [Member] | ||
Revenues | 6,014 | 6,804 |
Asia Pacific [Member] | ||
Revenues | 1,011 | 1,548 |
EMEA [Member] | ||
Revenues | $ 1,003 | $ 430 |