Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Dec. 31, 2021 | Feb. 03, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000924383 | |
Entity Registrant Name | Genasys Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --09-30 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2021 | |
Document Transition Report | false | |
Entity File Number | 000-24248 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 87-0361799 | |
Entity Address, Address Line One | 16262 West Bernardo Drive | |
Entity Address, City or Town | San Diego | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 92127 | |
City Area Code | 858 | |
Local Phone Number | 676-1112 | |
Title of 12(b) Security | Common stock, $0.00001 par value per share | |
Trading Symbol | GNSS | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 36,407,072 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
ASSETS | ||
Cash and cash equivalents | $ 10,136 | $ 13,167 |
Short-term marketable securities | 3,938 | 5,686 |
Restricted cash | 273 | 279 |
Accounts receivable, net | 6,787 | 7,682 |
Inventories, net | 9,142 | 6,416 |
Prepaid expenses and other | 1,223 | 2,255 |
Total current assets | 31,499 | 35,485 |
Long-term marketable securities | 3,381 | 1,875 |
Long-term restricted cash | 1,083 | 1,082 |
Deferred tax assets, net | 8,330 | 8,039 |
Property and equipment, net | 1,821 | 1,755 |
Goodwill | 23,787 | 23,834 |
Intangible assets, net | 12,251 | 12,804 |
Operating lease right of use assets | 4,689 | 4,862 |
Other assets | 439 | 392 |
Total assets | 87,280 | 90,128 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Accounts payable | 2,259 | 2,160 |
Accrued liabilities | 12,611 | 14,111 |
Notes payable | 290 | 296 |
Operating lease liabilities, current portion | 906 | 899 |
Total current liabilities | 16,066 | 17,466 |
Other liabilities, noncurrent | 995 | 995 |
Operating lease liabilities, noncurrent | 5,488 | 5,709 |
Total liabilities | 22,549 | 24,170 |
Stockholders' equity: | ||
Preferred stock, $0.00001 par value; 5,000,000 shares authorized; none issued and outstanding | 0 | 0 |
Common stock, $0.00001 par value; 100,000,000 shares authorized; 36,371,529 and 36,403,833 shares issued and outstanding, respectively | 0 | 0 |
Additional paid-in capital | 107,273 | 107,110 |
Accumulated deficit | (42,459) | (41,154) |
Accumulated other comprehensive income (loss) | (83) | 2 |
Total stockholders' equity | 64,731 | 65,958 |
Total liabilities and stockholders' equity | $ 87,280 | $ 90,128 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Dec. 31, 2021 | Sep. 30, 2021 |
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 | $ 0.00001 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, issued (in shares) | 36,371,529 | 36,403,833 |
Common stock, outstanding (in shares) | 36,371,529 | 36,403,833 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | $ 10,677 | $ 8,028 |
Cost of revenues | 5,783 | 4,324 |
Gross profit | 4,894 | 3,704 |
Operating expenses | ||
Selling, general and administrative | 5,134 | 3,331 |
Research and development | 1,369 | 1,066 |
Total operating expenses | 6,503 | 4,397 |
Loss from operations | (1,609) | (693) |
Other income, net | 13 | 69 |
Loss before income taxes | (1,596) | (624) |
Income tax benefit | (291) | (5) |
Net loss | $ (1,305) | $ (619) |
Net loss per common share - basic and diluted (in dollars per share) | $ (40) | $ (20) |
Weighted average common shares outstanding: | ||
Basic and diluted (in shares) | 36,456,187 | 33,573,755 |
Product [Member] | ||
Revenues | $ 9,570 | $ 6,950 |
Service [Member] | ||
Revenues | $ 1,107 | $ 1,078 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Net loss | $ (1,305) | $ (619) |
Other comprehensive income (loss) | ||
Unrealized loss on marketable securities | (10) | (3) |
Unrealized foreign currency (loss) gain | (75) | 472 |
Comprehensive loss | $ (1,390) | $ (150) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Activities: | ||
Net loss | $ (1,305) | $ (619) |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 639 | 281 |
Amortization of debt issuance costs | 5 | 0 |
Warranty provision | 4 | 15 |
Inventory obsolescence | 26 | 100 |
Stock-based compensation | 558 | 182 |
Realized loss on foreign currency forward contract | 0 | (76) |
Deferred income taxes | (291) | (5) |
Amortization of operating lease right of use asset | 178 | 170 |
Accretion of acquisition holdback liability | 12 | 0 |
Changes in operating assets and liabilities: | ||
Accounts receivable, net | 889 | 2,300 |
Inventories, net | (2,752) | (1,114) |
Prepaid expenses and other | 979 | 120 |
Accounts payable | 99 | 232 |
Accrued and other liabilities | (1,743) | (314) |
Net cash (used in) provided by operating activities | (2,702) | 1,272 |
Investing Activities: | ||
Purchases of marketable securities | (2,655) | (1,793) |
Proceeds from maturities of marketable securities | 2,886 | 1,925 |
Cash paid for acquisitions net of cash acquired | 0 | (4,367) |
Capital expenditures | (159) | (29) |
Net cash provided by (used in) investing activities | 72 | (4,264) |
Financing Activities: | ||
Proceeds from exercise of stock options | 46 | 54 |
Repurchase of common stock | (441) | 0 |
Net cash (used in) provided by financing activities | (395) | 54 |
Effect of foreign exchange rate on cash | (11) | 1 |
Net decrease in cash, cash equivalents, and restricted cash | (3,036) | (2,937) |
Cash, cash equivalents and restricted cash, beginning of period | 14,528 | 23,996 |
Cash, cash equivalents and restricted cash, end of period | 11,492 | 21,059 |
Cash and cash equivalents | 10,136 | 19,584 |
Restricted cash, current portion | 273 | 295 |
Long-term restricted cash | 1,083 | 1,180 |
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | 11,492 | 21,059 |
Noncash investing and financing activities: | ||
Change in unrealized loss on marketable securities | (10) | (3) |
Initial measurement of operating lease right of use assets | 7 | 248 |
Initial measurement of operating lease liabilities | 7 | 248 |
Fair value of net assets acquired | 0 | 8,411 |
Assets Acquisition of Amika Mobile Corporation [Member] | ||
Noncash investing and financing activities: | ||
Obligation to issue common stock in connection with the Amika Mobile asset purchase | $ (832) | $ (3,431) |
Note 1 - Operations
Note 1 - Operations | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. Genasys Inc. (the “Company”) is a global provider of critical communications hardware and software solutions designed to alert, inform, and protect. The Company's unified platform receives information from a wide variety of sensors and Internet-of-Things (IoT) inputs to collect real-time information on developing and active emergency situations. The Company uses this information to create and disseminate alerts, warnings, notifications, and instructions through multiple channels before, during, and after public safety and enterprise threats, critical events, and other crisis situations. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation and Significant Accounting Policies | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 2. 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, 2021, 10 November 23, 2021. September 30, 2021 September 30, 2021 10 not Principles of consolidation The Company has eight two Cash, cash equivalents and restricted cash The Company considers all highly liquid investments with an original maturity of three December 31, 2021, September 30, 2021 The Company considers any amounts pledged as collateral or otherwise restricted for use in current operations to be restricted cash. In addition, the Company excludes from cash and cash equivalents cash required to fund specific future contractual obligations related to business combinations. Restricted cash is classified as a current asset unless amounts are not one December 31, 2021, September 30, 2021, 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, 2021 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | 3. 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 (ASC 326 815 842 326 December 15, 2022. first October 1, 2023, not not In March 2020, No. 2020 04, Reference Rate Reform (ASC 848 No. 2020 04 No. 2020 04 No. 2021 01, Reference Rate Reform (ASC 848 848 March 12, 2020 December 31, 2022. not |
Note 4 - Revenue Recognition
Note 4 - Revenue Recognition | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 4. REVENUE RECOGNITION The Company adopted ASU 2014 09, 606 October 1, 2018. 606 ASC 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 ASC 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 its business operations and to be consistent with other communications and public filings. Refer to Note 18, 19, 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 ASC 606 may may December 31, 2021 September 30, 2021, December 31, 2021 September 30, 2021. 10, The Company’s contract liabilities were as follows: Customer deposits Deferred revenue Total contract liabilities Balance as of September 30, 2021 $ 8,701 $ 1,428 $ 10,129 New performance obligations 2,627 410 3,037 Recognition of revenue as a result of satisfying performance obligations (2,754 ) (452 ) (3,206 ) Effect of exchange rate on deferred revenue - 2 2 Balance as of December 31, 2021 $ 8,574 $ 1,388 $ 9,962 Less: non-current portion - (296 ) (296 ) Current portion as of December 31, 2021 $ 8,574 $ 1,092 $ 9,666 Remaining performance obligations Remaining performance obligations related to ASC 606 one As of December 31, 2021, 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 5 - Fair Value Measurement
Note 5 - Fair Value Measurements | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 5. 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: Inputs are based on quoted market prices for identical assets or liabilities in active markets at the measurement date. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets and/or quoted prices for identical or similar assets or liabilities in markets that are not Level 3: Inputs include management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation. The fair value of the Company’s cash equivalents and marketable securities were determined based on Level 1 2 2” not 3 December 31, 2021 September 30, 2021. no 1, 2, 3 no December 31, 2021 September 30, 2021. Instruments measured at fair value on a recurring basis Cash equivalents and marketable securities December 31, 2021 September 30, 2021. December 31, 2021 Cost Basis Unrealized Gain (Loss) Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 1,181 $ - $ 1,181 $ 1,181 $ - $ - Level 2: Certificates of deposit 1,493 - 1,493 - 693 800 Municipal securities 4,907 (5 ) 4,902 - 3,106 1,796 Corporate bonds 929 (5 ) 924 - 139 785 Subtotal 7,329 (10 ) 7,319 - 3,938 3,381 Total $ 8,510 $ (10 ) $ 8,500 $ 1,181 $ 3,938 $ 3,381 September 30, 2021 Cost Basis Unrealized Gain (Loss) Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 932 $ - $ 932 $ 932 $ - $ - Level 2: Certificates of deposit 1,494 - 1,494 - 694 800 Municipal securities 5,139 (1 ) 5,138 - 4,205 933 Corporate bonds 928 1 929 - 787 142 Subtotal 7,561 - 7,561 - 5,686 1,875 Total $ 8,493 $ - $ 8,493 $ 932 $ 5,686 $ 1,875 Instruments measured at fair value on a non-recurring basis Nonfinancial assets Goodwill and intangible assets are recognized at fair value during the period in which an acquisition is completed, from updated estimates during the measurement period, or when they are considered to be impaired. These non-recurring fair value measurements, primarily for intangible assets acquired, were based on Level 3 The following table presents nonfinancial assets that were subject to fair value measurement during the three December 31, 2021. no three December 31, 2021. Carrying Value Level 1 Level 2 Level 3 Gain/ (Loss) Operating lease ROU asset $ 7 $ - $ - 7 $ - Holdback Liability third CAD$1,000 USD$787 three Balance as of September 30, 2021 $ 687 Accretion 11 Currency translation 1 Balance as of December 31, 2021 $ 699 |
Note 6 - Inventories, Net
Note 6 - Inventories, Net | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 6. Inventories, net consisted of the following: December 31, September 30, 2021 2021 Raw materials $ 8,401 $ 5,449 Finished goods 893 842 Work in process 552 877 Inventories, gross 9,846 7,168 Reserve for obsolescence (704 ) (752 ) Inventories, net $ 9,142 $ 6,416 |
Note 7 - Property and Equipment
Note 7 - Property and Equipment, Net | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | 7. Property and equipment, net consisted of the following: December 31, September 30, 2021 2021 Office furniture and equipment $ 1,309 $ 1,261 Machinery and equipment 1,380 1,270 Leasehold improvements 2,154 2,154 Property and equipment, gross 4,843 4,685 Accumulated depreciation (3,022 ) (2,930 ) Property and equipment, net $ 1,821 $ 1,755 Three Months Ended December 31, 2021 2020 Depreciation expense $ 96 $ 99 |
Note 8 - Goodwill and Intangibl
Note 8 - Goodwill and Intangible Assets | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | 8. Goodwill is attributable to the acquisitions of Genasys Spain and Zonehaven, and the Amika Mobile asset purchase and is due to combining the integrated emergency critical communications, mass messaging solutions and software development capabilities with existing hardware products for enhanced offerings and the skill level of the acquired workforces. The Company periodically reviews goodwill for impairment in accordance with relevant accounting standards. There were no three December 31, 2021. September 30, 2021, December 31, 2021 September 30, 2021, three December 31, 2021. The changes in the carrying amount of goodwill by segment for the three December 31, 2021, Hardware Software Total Balance as of September 30, 2021 $ - $ 23,834 $ 23,834 Currency translation - (47 ) (47 ) Balance as of December 31, 2021 $ - $ 23,787 $ 23,787 Intangible assets and goodwill related to Genasys Spain are translated from Euros to U.S. dollars at the balance sheet date. The net impact of foreign currency exchange differences arising during the period related to goodwill and intangible assets was a decrease of $65. Intangible assets and goodwill related to Amika Mobile are translated from Canadian dollars to U.S. dollars at the balance sheet date. The net impact of foreign currency exchange differences arising during the period related to goodwill and intangible assets was an increase of $8. The changes in the carrying amount of intangible assets by segment for the three December 31, 2021, Hardware Software Total Balance as of September 30, 2021 $ 25 $ 12,779 $ 12,804 Amortization (1 ) (542 ) (543 ) Currency translation - (10 ) (10 ) Balance as of December 31, 2021 $ 24 $ 12,227 $ 12,251 The Company’s consolidated intangible assets consisted of the following: December 31, September 30, 2021 2021 Technology $ 12,054 $ 12,065 Customer relationships 1,841 1,855 Trade name portfolio 620 625 Non-compete agreements 239 244 Patents 72 72 14,826 14,861 Accumulated amortization (2,575 ) (2,057 ) $ 12,251 $ 12,804 As of December 31, 2021, Fiscal year ending September 30, 2022 (remaining nine months) $ 1,623 2023 2,133 2024 2,119 2025 1,994 2026 1,856 Thereafter 2,526 Total estimated amortization expense $ 12,251 Three months ended Deember 31, 2021 2020 Amortization expense $ 543 $ 182 |
Note 9 - Prepaid Expenses and O
Note 9 - Prepaid Expenses and Other | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Prepaid Expenses And Other Disclosure [Text Block] | 9. Prepaid expenses and other current assets consisted of the following: December 31, September 30, 2021 2021 Deposits for inventory $ 265 $ 997 Prepaid insurance 290 395 Dues and subscriptions 194 213 Prepaid professional services 6 158 Prepaid commissions 163 82 Trade shows and travel 178 95 Other 127 315 $ 1,223 $ 2,255 Deposits for inventory Deposits for inventory consisted of cash payments to vendors for inventory to be delivered in the future. Prepaid insurance 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 consisted 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. Prepaid professional services Prepaid professional services consisted of payments made in advance for services such as accounting and legal services. Prepaid commissions Prepaid commissions represented the current portion of sales commissions paid in connection with obtaining a contract with a customer. These costs are deferred and are amortized on a straight-line basis over the period of benefit, which is typically between three five Trade shows and travel Trade shows and travel consisted of payments made in advance for trade show events. |
Note 10 - Accrued Liabilities a
Note 10 - Accrued Liabilities and Other | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Current and Noncurrent Accrued Liabilities [Text Block] | 10. Accrued liabilities consisted of the following: December 31, September 30, 2021 2021 Payroll and related $ 2,146 $ 3,726 Deferred revenue 1,092 1,120 Customer deposits 8,574 8,701 Accrued contract costs 653 416 Warranty reserve 146 146 Other - 2 Total $ 12,611 $ 14,111 Other liabilities-noncurrent consisted of the following: December 31, September 30, 2021 2021 Deferred extended warranty revenue $ 296 $ 308 Asset purchase holdback liability 699 687 Total $ 995 $ 995 Payroll and related Payroll and related consisted primarily of accrued vacation, bonus, sales commissions and benefits. Deferred revenue Deferred revenue as of December 31, 2021 twelve December 31, 2022. Customer deposits Customer deposits represent amounts paid by customers as a down payment on hardware orders to be delivered in the twelve December 31, 2022. Accrued contract costs Accrued contract costs consisted of accrued expenses for contracting a third September 30, 2011. May 2019 May 2024. Warranty reserve Changes in the warranty reserve and extended warranty were as follows: December 31, September 30, 2021 2021 Beginning balance $ 146 $ 126 Warranty provision 4 56 Warranty settlements (4 ) (36 ) Ending balance $ 146 $ 146 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 consisted 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 holdback liability related to potential future adjustments to assets and liabilities, misrepresentations and indemnifications against third CAD$1,000 USD$787 three |
Note 11 - Debt
Note 11 - Debt | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 11. 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, 2021. December 31, 2021 Agency Project Name Principal Ministry of Economy and Competitiveness INNPACTO 1 "eSalud" $ 17 Ministry of Economy and Competitiveness INNPACTO 3 "eSalud" 273 (a) $ 290 (a) This loan is secured by $273 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, 2021. 2022 2022. December 31, 2021. The following is a schedule of future annual payments as of December 31, 2021: 2022 $ 290 Total $ 290 The changes in the carrying amount of debt for the three December 31, 2021, Balance as of September 30, 2021 $ 296 Payments - Currency translation (6 ) Balance as of December 31, 2021 $ 290 Revolving line of credit On March 8, 2021, no March 31, 2023. December 31, 2021, |
Note 12 - Leases
Note 12 - Leases | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 12. The Company determines if an arrangement is a lease at inception. The guidance in ASC 842 not The Company is party to 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% not Upon adoption of ASC 842 October 1, 2019, no 842. 842 not During the three December 31, 2021, September 30, 2021, December 31, 2021, Operating lease ROU assets Operating lease ROU asset as of September 30, 2021 $ 4,862 Additional operating lease ROU assets 7 Less amortization of operating lease ROU assets (178 ) Effect of exchange rate on operating lease ROU assets (2 ) Operating lease right of use asset as of December 31, 2021 $ 4,689 Operating lease liabilities Operating lease liabilities as of September 30, 2021 $ 6,608 Additional operating lease liabilities 7 Less lease principal payments on operating lease liabilities (218 ) Effect of exchange rate on operating lease liabilities (3 ) Operating lease liabilities as of December 31, 2021 6,394 Less non-current portion (5,488 ) Current portion as of December 31, 2021 $ 906 As of December 31, 2021, Fiscal year ending September 30, 2022 (remaining nine months) $ 866 2023 1,090 2024 1,086 2025 1,058 2026 1,071 Thereafter 2,139 Total undiscounted operating lease payments 7,310 Less imputed interest (916 ) Present value of operating lease liabilities $ 6,394 For the three December 31, 2021 2020, not three December 31, 2021 2020. |
Note 13 - Income Taxes
Note 13 - Income Taxes | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 13. For the three December 31, 2021, three December 31, 2020, ASC 740, Accounting for Uncertainty in Income Taxes may not not |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingencies | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 14. 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, 2021, three December 31, 2020, Amika Mobile asset purchase In connection with the Amika Mobile asset purchase, the Company recorded a holdback liability related to potential future adjustments to assets and liabilities, misrepresentations and indemnifications against third CAD$1,000 USD$787 three The Company also agreed to issue 191,267 shares of the Company’s common stock to the former owners of Amika Mobile on each of the first, second third September 30, 2021, three December 31, 2021, |
Note 15 - Share-based Compensat
Note 15 - Share-based Compensation | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 15. Stock option plans As of December 31, 2021, two 2005 “2005 March 2015 2015 “2015 December 6, 2016 March 14, 2017. 2015 December 8, 2020, 10,000,000. March 16, 2021, 2015 10,000,000 December 31, 2021, 70,000 2005 2015 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 267,000 stock options granted during the three December 31, 2021. three December 31, 2020. three December 31, 2021 2020, Three months ended December 31, 2021 2020 Volatility 48.1% 48.6% Risk-free interest rate 1.2% 0.6% Dividend yield 0.0% 0.0% Expected term in years 6.9 6.9 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 2022 not 2021. As of December 31, 2021, Performance-based stock options On August 1, 2016, seven 2019 2020. 2019 2020 The Company determined that certain performance conditions related to the 2019 2020 2019 2020 September 30, 2020, On October 4, 2019, seven 2022 2023 not The Company did not three December 31, 2021 2020. Restricted stock units During fiscal 2019, three first three three On March 10, 2020, first March 10, 2021 2020, three three On March 16, 2021, first March 16, 2022 2021, three three June 7, 2021, June 30, 2021. September 1, 2021, two March 16, 2022. March 16, 2022 During the three December 31, 2021, three three Compensation expense for RSUs was $437 for the three December 31, 2021. three December 31, 2020. A summary of the Company’s RSUs as of December 31, 2021 ` Number of Shares Weighted Average Grant Date Fair Value Outstanding September 30, 2021 399,469 $ 6.27 Granted 8,000 $ 4.99 Released - $ - Forfeited/cancelled (5,000 ) $ 5.05 Outstanding December 31, 2021 402,469 $ 6.26 Stock option summary information A summary of the activity in options to purchase the capital stock of the Company as of December 31, 2021 Number of Shares Weighted Average Exercise Price Outstanding September 30, 2021 2,745,384 $ 3.02 Granted 267,000 $ 4.99 Forfeited/expired - $ - Exercised (15,000 ) $ 3.06 Outstanding December 31, 2021 2,997,384 $ 3.20 Exerciseable December 31, 2021 1,562,503 $ 2.29 Options outstanding are exercisable at prices ranging from $1.31 to $8.03 per share and expire over the period from 2022 2028 December 31, 2021 three December 31, 2021 three December 31, 2020 The following table summarized information about stock options outstanding at December 31, 2021: Weighted Average Weighted Average Weighted Average Range of Number Remaining Exercise Number Exercise Exercise Prices Outstanding Contractual Term Price Exercisable Price $1.31 - $1.86 324,157 1.75 $ 1.64 324,157 $ 1.64 $1.99 - $1.99 937,500 2.18 $ 1.99 937,500 $ 1.99 $2.16 - $2.90 50,000 0.19 $ 2.31 50,000 $ 2.31 $3.39 - $3.39 800,000 4.76 $ 3.39 - $ - $3.40 - $8.03 885,727 5.81 $ 4.93 250,846 $ 4.27 2,997,384 3.86 $ 3.20 1,562,503 $ 2.29 The Company recorded $120 and $44 of stock option compensation expense for employees, directors and consultants for the three December 31, 2021, 2020, 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, 2021 2020 Cost of revenues $ 15 $ 5 Selling, general and administrative 531 171 Research and development 12 6 $ 558 $ 182 |
Note 16 - Stockholders' Equity
Note 16 - Stockholders' Equity | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 16. EQUITY Summary The following table summarizes changes in the components of stockholders’ equity during the three December 31, 2021 three December 31, 2020 ( Accumulated Common Stock Additional Other Total Shares Par Value Amount Paid-in Capital Accumulated Deficit Comprehensive Loss Stockholders' Equity Balance as of September 30, 2021 36,403,833 $ 364 $ 107,110 $ (41,154 ) $ 2 $ 65,958 Share-based compensation expense - - 558 - - 558 Issuance of common stock upon exercise of stock options, net 15,000 - 46 - - 46 Stock buyback (116,868 ) (1 ) (441 ) - - (441 ) Release of obligation to issue commons stock 69,564 - - - - - Accumulated other comprehensive loss - - - - (85 ) (85 ) Net loss - - - (1,305 ) - (1,305 ) Balance as of December 31, 2021 36,371,529 $ 363 $ 107,273 $ (42,459 ) $ (83 ) $ 64,731 Accumulated Common Stock Additional Other Total Shares Par Value Amount Paid-in Capital Accumulated Deficit Comprehensive Loss Stockholders' Equity Balance as of 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 Accumulated other comprehensive income - - - - 469 469 Net loss - - - (619 ) - (619 ) Balance as of December 31, 2020 33,587,443 $ 336 $ 94,915 $ (42,477 ) $ 219 $ 52,657 Common stock activity During the three December 31, 2021, three December 31, 2020, In connection with the Amika Mobile asset purchase, the Company agreed to issue 191,267 shares of the Company’s common stock to the former owners of Amika Mobile on each of the first, second third September 30, 2021, three December 31, 2021, Share buyback program In December 2018, January 1, 2019 December 31, 2020, December 2020, December 31, 2022. December 31, 2018. During the three December 31, 2021, three December 31, 2020. Dividends There were no dividends declared in the three December 31, 2021 2020. |
Note 17 - Net Loss Per Share
Note 17 - Net Loss Per Share | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 17. The following table sets forth the computation of basic and diluted net loss per share: Three months ended December 31, 2021 2020 Net loss $ (1,305 ) $ (619 ) Basic loss per share $ (0.04 ) $ (0.02 ) Diluted loss per share $ (0.04 ) $ (0.02 ) Weighted average shares outstanding - basic 36,456,187 33,573,755 Weighted average shares outstanding - diluted 36,456,187 33,573,755 Potentially diluted securities outstanding at period end excluded from diluted computation as the inclusion would have been antidilutive: Options 2,997,384 2,754,281 RSU 402,469 302,737 Obligation to issue common stock 139,128 - Total 3,538,981 3,057,018 |
Note 18 - Segment Information
Note 18 - Segment Information | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 18. 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 business segments: Hardware and Software and its principal markets are North and South America, Europe, the Middle East and Asia. As reviewed by the Company’s chief operating decision maker, the Company evaluates the performance of each segment based on sales and operating income. Cash and cash equivalents, marketable securities, accounts receivable, inventory, property and equipment, deferred tax assets, goodwill and intangible assets are primary assets identified by segment. The accounting policies for segment reporting are the same for the Company as a whole and transactions between the two operating segments are not The following table presents the Company’s segment disclosures: Three months ended December 31, 2021 2020 Revenue from external customers Hardware $ 10,127 $ 7,387 Software 550 641 $ 10,677 $ 8,028 Intersegment revenues Hardware $ - $ - Software 674 351 $ 674 $ 351 Segment operating income (loss) Hardware $ 1,172 $ 508 Software (2,781 ) (1,201 ) $ (1,609 ) $ (693 ) Other expenses: Depreciation and amortization expense Hardware $ 90 $ 90 Software 549 191 $ 639 $ 281 Income tax benefit Hardware $ (291 ) $ (5 ) Software - - $ (291 ) $ (5 ) December 31, September 30, 2021 2021 Long-lived assets Hardware $ 1,799 $ 1,748 Software 36,060 36,645 $ 37,859 $ 38,393 Total assets Hardware $ 48,782 $ 50,364 Software 38,498 39,764 $ 87,280 $ 90,128 |
Note 19 - Major Customers, Supp
Note 19 - Major Customers, Suppliers and Related Information | 3 Months Ended |
Dec. 31, 2021 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | 19. For the three December 31, 2021, one no 10% December 31, 2021, two no 10% For the three December 31, 2020, one no 10% December 31, 2020, three 48%, no 10% Revenue from customers in the United States was $9,303 for the three December 31, 2021. three December 31, 2020. Three months ended December 31, 2021 2020 Americas $ 9,436 $ 6,014 Asia Pacific 308 1,011 Europe, Middle East and Africa 933 1,003 Total Revenues $ 10,677 $ 8,028 The following table summarizes long lived assets by geographic region. December 31, September 30, 2021 2021 United States $ 26,552 $ 26,880 Americas (excluding the United States) 8,313 8,395 Europe, Middle East and Africa 2,994 3,118 Total long lived assets $ 37,859 $ 38,393 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Dec. 31, 2021 | |
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, 2021, 10 November 23, 2021. September 30, 2021 September 30, 2021 10 not |
Consolidation, Policy [Policy Text Block] | Principles of consolidation The Company has eight 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, 2021, September 30, 2021 The Company considers any amounts pledged as collateral or otherwise restricted for use in current operations to be restricted cash. In addition, the Company excludes from cash and cash equivalents cash required to fund specific future contractual obligations related to business combinations. Restricted cash is classified as a current asset unless amounts are not one December 31, 2021, September 30, 2021, |
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 - Revenue Recognition (T
Note 4 - Revenue Recognition (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block] | Customer deposits Deferred revenue Total contract liabilities Balance as of September 30, 2021 $ 8,701 $ 1,428 $ 10,129 New performance obligations 2,627 410 3,037 Recognition of revenue as a result of satisfying performance obligations (2,754 ) (452 ) (3,206 ) Effect of exchange rate on deferred revenue - 2 2 Balance as of December 31, 2021 $ 8,574 $ 1,388 $ 9,962 Less: non-current portion - (296 ) (296 ) Current portion as of December 31, 2021 $ 8,574 $ 1,092 $ 9,666 |
Note 5 - Fair Value Measureme_2
Note 5 - Fair Value Measurements (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | December 31, 2021 Cost Basis Unrealized Gain (Loss) Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 1,181 $ - $ 1,181 $ 1,181 $ - $ - Level 2: Certificates of deposit 1,493 - 1,493 - 693 800 Municipal securities 4,907 (5 ) 4,902 - 3,106 1,796 Corporate bonds 929 (5 ) 924 - 139 785 Subtotal 7,329 (10 ) 7,319 - 3,938 3,381 Total $ 8,510 $ (10 ) $ 8,500 $ 1,181 $ 3,938 $ 3,381 September 30, 2021 Cost Basis Unrealized Gain (Loss) Fair Value Cash Equivalents Short-term Securities Long-term Securities Level 1: Money Market Funds $ 932 $ - $ 932 $ 932 $ - $ - Level 2: Certificates of deposit 1,494 - 1,494 - 694 800 Municipal securities 5,139 (1 ) 5,138 - 4,205 933 Corporate bonds 928 1 929 - 787 142 Subtotal 7,561 - 7,561 - 5,686 1,875 Total $ 8,493 $ - $ 8,493 $ 932 $ 5,686 $ 1,875 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Carrying Value Level 1 Level 2 Level 3 Gain/ (Loss) Operating lease ROU asset $ 7 $ - $ - 7 $ - |
Holdback Liability [Member] | |
Notes Tables | |
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block] | Balance as of September 30, 2021 $ 687 Accretion 11 Currency translation 1 Balance as of December 31, 2021 $ 699 |
Note 6 - Inventories, Net (Tabl
Note 6 - Inventories, Net (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | December 31, September 30, 2021 2021 Raw materials $ 8,401 $ 5,449 Finished goods 893 842 Work in process 552 877 Inventories, gross 9,846 7,168 Reserve for obsolescence (704 ) (752 ) Inventories, net $ 9,142 $ 6,416 |
Note 7 - Property and Equipme_2
Note 7 - Property and Equipment, Net (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | December 31, September 30, 2021 2021 Office furniture and equipment $ 1,309 $ 1,261 Machinery and equipment 1,380 1,270 Leasehold improvements 2,154 2,154 Property and equipment, gross 4,843 4,685 Accumulated depreciation (3,022 ) (2,930 ) Property and equipment, net $ 1,821 $ 1,755 |
Depreciation Expense [Member] | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Three Months Ended December 31, 2021 2020 Depreciation expense $ 96 $ 99 |
Note 8 - Goodwill and Intangi_2
Note 8 - Goodwill and Intangible Assets (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Hardware Software Total Balance as of September 30, 2021 $ - $ 23,834 $ 23,834 Currency translation - (47 ) (47 ) Balance as of December 31, 2021 $ - $ 23,787 $ 23,787 Hardware Software Total Balance as of September 30, 2021 $ 25 $ 12,779 $ 12,804 Amortization (1 ) (542 ) (543 ) Currency translation - (10 ) (10 ) Balance as of December 31, 2021 $ 24 $ 12,227 $ 12,251 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | December 31, September 30, 2021 2021 Technology $ 12,054 $ 12,065 Customer relationships 1,841 1,855 Trade name portfolio 620 625 Non-compete agreements 239 244 Patents 72 72 14,826 14,861 Accumulated amortization (2,575 ) (2,057 ) $ 12,251 $ 12,804 Three months ended Deember 31, 2021 2020 Amortization expense $ 543 $ 182 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Fiscal year ending September 30, 2022 (remaining nine months) $ 1,623 2023 2,133 2024 2,119 2025 1,994 2026 1,856 Thereafter 2,526 Total estimated amortization expense $ 12,251 |
Note 9 - Prepaid Expenses and_2
Note 9 - Prepaid Expenses and Other (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | December 31, September 30, 2021 2021 Deposits for inventory $ 265 $ 997 Prepaid insurance 290 395 Dues and subscriptions 194 213 Prepaid professional services 6 158 Prepaid commissions 163 82 Trade shows and travel 178 95 Other 127 315 $ 1,223 $ 2,255 |
Note 10 - Accrued Liabilities_2
Note 10 - Accrued Liabilities and Other (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Accrued Liabilities [Table Text Block] | December 31, September 30, 2021 2021 Payroll and related $ 2,146 $ 3,726 Deferred revenue 1,092 1,120 Customer deposits 8,574 8,701 Accrued contract costs 653 416 Warranty reserve 146 146 Other - 2 Total $ 12,611 $ 14,111 |
Other Noncurrent Liabilities [Table Text Block] | December 31, September 30, 2021 2021 Deferred extended warranty revenue $ 296 $ 308 Asset purchase holdback liability 699 687 Total $ 995 $ 995 |
Schedule of Product Warranty Liability [Table Text Block] | December 31, September 30, 2021 2021 Beginning balance $ 146 $ 126 Warranty provision 4 56 Warranty settlements (4 ) (36 ) Ending balance $ 146 $ 146 |
Note 11 - Debt (Tables)
Note 11 - Debt (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Loans With Governmental Agencies [Table Text Block] | Agency Project Name Principal Ministry of Economy and Competitiveness INNPACTO 1 "eSalud" $ 17 Ministry of Economy and Competitiveness INNPACTO 3 "eSalud" 273 (a) $ 290 |
Schedule of Maturities of Long-term Debt [Table Text Block] | 2022 $ 290 Total $ 290 |
Schedule of Debt [Table Text Block] | Balance as of September 30, 2021 $ 296 Payments - Currency translation (6 ) Balance as of December 31, 2021 $ 290 |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Initial Measurement of Operating Lease [Table Text Block] | Operating lease ROU assets Operating lease ROU asset as of September 30, 2021 $ 4,862 Additional operating lease ROU assets 7 Less amortization of operating lease ROU assets (178 ) Effect of exchange rate on operating lease ROU assets (2 ) Operating lease right of use asset as of December 31, 2021 $ 4,689 Operating lease liabilities Operating lease liabilities as of September 30, 2021 $ 6,608 Additional operating lease liabilities 7 Less lease principal payments on operating lease liabilities (218 ) Effect of exchange rate on operating lease liabilities (3 ) Operating lease liabilities as of December 31, 2021 6,394 Less non-current portion (5,488 ) Current portion as of December 31, 2021 $ 906 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal year ending September 30, 2022 (remaining nine months) $ 866 2023 1,090 2024 1,086 2025 1,058 2026 1,071 Thereafter 2,139 Total undiscounted operating lease payments 7,310 Less imputed interest (916 ) Present value of operating lease liabilities $ 6,394 |
Note 15 - Share-based Compens_2
Note 15 - Share-based Compensation (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Three months ended December 31, 2021 2020 Volatility 48.1% 48.6% Risk-free interest rate 1.2% 0.6% Dividend yield 0.0% 0.0% Expected term in years 6.9 6.9 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ` Number of Shares Weighted Average Grant Date Fair Value Outstanding September 30, 2021 399,469 $ 6.27 Granted 8,000 $ 4.99 Released - $ - Forfeited/cancelled (5,000 ) $ 5.05 Outstanding December 31, 2021 402,469 $ 6.26 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Shares Weighted Average Exercise Price Outstanding September 30, 2021 2,745,384 $ 3.02 Granted 267,000 $ 4.99 Forfeited/expired - $ - Exercised (15,000 ) $ 3.06 Outstanding December 31, 2021 2,997,384 $ 3.20 Exerciseable December 31, 2021 1,562,503 $ 2.29 |
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 Term Price Exercisable Price $1.31 - $1.86 324,157 1.75 $ 1.64 324,157 $ 1.64 $1.99 - $1.99 937,500 2.18 $ 1.99 937,500 $ 1.99 $2.16 - $2.90 50,000 0.19 $ 2.31 50,000 $ 2.31 $3.39 - $3.39 800,000 4.76 $ 3.39 - $ - $3.40 - $8.03 885,727 5.81 $ 4.93 250,846 $ 4.27 2,997,384 3.86 $ 3.20 1,562,503 $ 2.29 |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended December 31, 2021 2020 Cost of revenues $ 15 $ 5 Selling, general and administrative 531 171 Research and development 12 6 $ 558 $ 182 |
Note 16 - Stockholders' Equity
Note 16 - Stockholders' Equity (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Stockholders Equity [Table Text Block] | Accumulated Common Stock Additional Other Total Shares Par Value Amount Paid-in Capital Accumulated Deficit Comprehensive Loss Stockholders' Equity Balance as of September 30, 2021 36,403,833 $ 364 $ 107,110 $ (41,154 ) $ 2 $ 65,958 Share-based compensation expense - - 558 - - 558 Issuance of common stock upon exercise of stock options, net 15,000 - 46 - - 46 Stock buyback (116,868 ) (1 ) (441 ) - - (441 ) Release of obligation to issue commons stock 69,564 - - - - - Accumulated other comprehensive loss - - - - (85 ) (85 ) Net loss - - - (1,305 ) - (1,305 ) Balance as of December 31, 2021 36,371,529 $ 363 $ 107,273 $ (42,459 ) $ (83 ) $ 64,731 Accumulated Common Stock Additional Other Total Shares Par Value Amount Paid-in Capital Accumulated Deficit Comprehensive Loss Stockholders' Equity Balance as of 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 Accumulated other comprehensive income - - - - 469 469 Net loss - - - (619 ) - (619 ) Balance as of December 31, 2020 33,587,443 $ 336 $ 94,915 $ (42,477 ) $ 219 $ 52,657 |
Note 17 - Net Loss Per Share (T
Note 17 - Net Loss Per Share (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended December 31, 2021 2020 Net loss $ (1,305 ) $ (619 ) Basic loss per share $ (0.04 ) $ (0.02 ) Diluted loss per share $ (0.04 ) $ (0.02 ) Weighted average shares outstanding - basic 36,456,187 33,573,755 Weighted average shares outstanding - diluted 36,456,187 33,573,755 Potentially diluted securities outstanding at period end excluded from diluted computation as the inclusion would have been antidilutive: Options 2,997,384 2,754,281 RSU 402,469 302,737 Obligation to issue common stock 139,128 - Total 3,538,981 3,057,018 |
Note 18 - Segment Information (
Note 18 - Segment Information (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three months ended December 31, 2021 2020 Revenue from external customers Hardware $ 10,127 $ 7,387 Software 550 641 $ 10,677 $ 8,028 Intersegment revenues Hardware $ - $ - Software 674 351 $ 674 $ 351 Segment operating income (loss) Hardware $ 1,172 $ 508 Software (2,781 ) (1,201 ) $ (1,609 ) $ (693 ) Other expenses: Depreciation and amortization expense Hardware $ 90 $ 90 Software 549 191 $ 639 $ 281 Income tax benefit Hardware $ (291 ) $ (5 ) Software - - $ (291 ) $ (5 ) December 31, September 30, 2021 2021 Long-lived assets Hardware $ 1,799 $ 1,748 Software 36,060 36,645 $ 37,859 $ 38,393 Total assets Hardware $ 48,782 $ 50,364 Software 38,498 39,764 $ 87,280 $ 90,128 |
Note 19 - Major Customers, Su_2
Note 19 - Major Customers, Suppliers and Related Information (Tables) | 3 Months Ended |
Dec. 31, 2021 | |
Notes Tables | |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three months ended December 31, 2021 2020 Americas $ 9,436 $ 6,014 Asia Pacific 308 1,011 Europe, Middle East and Africa 933 1,003 Total Revenues $ 10,677 $ 8,028 |
Long-lived Assets by Geographic Areas [Table Text Block] | December 31, September 30, 2021 2021 United States $ 26,552 $ 26,880 Americas (excluding the United States) 8,313 8,395 Europe, Middle East and Africa 2,994 3,118 Total long lived assets $ 37,859 $ 38,393 |
Note 2 - Basis of Presentatio_2
Note 2 - Basis of Presentation and Significant Accounting Policies (Details Textual) $ in Thousands | Dec. 31, 2021USD ($) | Oct. 01, 2021USD ($) | Sep. 30, 2021USD ($) | Dec. 31, 2020USD ($) |
Number of Wholly Owned Subsidiaries | 8 | |||
Number of Additional Inactive Subsidiaries | 2 | |||
Cash and Cash Equivalents, at Carrying Value, Ending Balance | $ 10,136 | $ 13,167 | $ 13,167 | $ 19,584 |
Restricted Cash, Current | 273 | 279 | ||
Restricted Cash, Noncurrent | $ 1,083 | $ 1,082 |
Note 4 - Revenue Recognition 1
Note 4 - Revenue Recognition 1 (Details Textual) - USD ($) | Dec. 31, 2021 | Sep. 30, 2021 |
Contract with Customer, Asset, after Allowance for Credit Loss, Total | $ 0 | $ 0 |
Revenue, Remaining Performance Obligation, Amount | $ 9,962 |
Note 4 - Revenue Recognition 2
Note 4 - Revenue Recognition 2 (Details Textual) | Dec. 31, 2021USD ($) |
Revenue, Remaining Performance Obligation, Amount | $ 9,962 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01 | |
Revenue, Remaining Performance Obligation, Amount | $ 9,666 |
Revenue, Remaining Performance Obligation, Percentage | 97.00% |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Month) | 12 months |
Note 4 - Revenue Recognition -
Note 4 - Revenue Recognition - Contract Asset and Contract Liabilities (Details) $ in Thousands | 3 Months Ended |
Dec. 31, 2021USD ($) | |
Balance | $ 10,129 |
New performance obligations | 3,037 |
Recognition of revenue as a result of satisfying performance obligations | (3,206) |
Effect of exchange rate on deferred revenue | 2 |
Balance | 9,962 |
Less: non-current portion | (296) |
Current portion | 9,666 |
Customer Deposits [Member] | |
Balance | 8,701 |
New performance obligations | 2,627 |
Recognition of revenue as a result of satisfying performance obligations | (2,754) |
Effect of exchange rate on deferred revenue | 0 |
Balance | 8,574 |
Less: non-current portion | 0 |
Current portion | 8,574 |
Deferred Revenue [Member] | |
Balance | 1,428 |
New performance obligations | 410 |
Recognition of revenue as a result of satisfying performance obligations | (452) |
Effect of exchange rate on deferred revenue | 2 |
Balance | 1,388 |
Less: non-current portion | (296) |
Current portion | $ 1,092 |
Note 5 - Fair Value Measureme_3
Note 5 - Fair Value Measurements (Details Textual) $ in Thousands, $ in Millions | Oct. 02, 2020CAD ($) | Oct. 02, 2020USD ($) | Oct. 02, 2020CAD ($) | Dec. 31, 2021USD ($) |
Marketable Securities, Total | $ 0 | |||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||
Asset Purchase Agreement, Deduction From Liability | $ 1 | $ 787 | $ 1 | |
Asset Acquisition, Adjustments from Purchase Holdback Liability, Period (Year) | 3 years | 3 years |
Note 5 - Fair Value Measureme_4
Note 5 - Fair Value Measurements - Fair Value by Major Security Type (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Short-term marketable securities | $ 3,938 | $ 5,686 |
Long-term Securities | 3,381 | 1,875 |
Fair Value, Nonrecurring [Member] | ||
Cost Basis | 8,510 | 8,493 |
Unrealized Gains (Losses) | (10) | 0 |
Fair Value | 8,500 | 8,493 |
Cash Equivalents | 1,181 | 932 |
Short-term marketable securities | 3,938 | 5,686 |
Long-term Securities | 3,381 | 1,875 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cost Basis | 1,181 | 932 |
Unrealized Gains (Losses) | 0 | 0 |
Fair Value | 1,181 | 932 |
Cash Equivalents | 1,181 | 932 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cost Basis | 7,329 | 7,561 |
Unrealized Gains (Losses) | (10) | 0 |
Fair Value | 7,319 | 7,561 |
Cash Equivalents | 0 | 0 |
Short-term marketable securities | 3,938 | 5,686 |
Long-term Securities | 3,381 | 1,875 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member] | ||
Cost Basis | 1,493 | 1,494 |
Unrealized Gains (Losses) | 0 | 0 |
Fair Value | 1,493 | 1,494 |
Cash Equivalents | 0 | 0 |
Short-term marketable securities | 693 | |
Long-term Securities | 800 | 800 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Cost Basis | 4,907 | 5,139 |
Unrealized Gains (Losses) | (5) | (1) |
Fair Value | 4,902 | 5,138 |
Cash Equivalents | 0 | 0 |
Short-term marketable securities | 3,106 | 4,205 |
Long-term Securities | 1,796 | 933 |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Cost Basis | 929 | 928 |
Unrealized Gains (Losses) | (5) | 1 |
Fair Value | 924 | 929 |
Cash Equivalents | 0 | 0 |
Short-term marketable securities | 139 | 787 |
Long-term Securities | $ 785 | $ 142 |
Note 5 - Fair Value Measureme_5
Note 5 - Fair Value Measurements - Operating Lease Right of Use Assets Currency Translation Adjustments (Details) - Fair Value, Nonrecurring [Member] - Assets Acquisition of Amika Mobile Corporation [Member] $ in Thousands | 3 Months Ended |
Dec. 31, 2021USD ($) | |
Operating Lease, Right-of-use Asset [Member] | |
Operating lease ROU asset, adjustment | $ 0 |
Reported Value Measurement [Member] | |
Operating lease ROU asset, fair value | 7 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |
Operating lease ROU asset, fair value | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |
Operating lease ROU asset, fair value | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |
Operating lease ROU asset, fair value | $ 7 |
Note 5 - Fair Value Measureme_6
Note 5 - Fair Value Measurements - Holdback Liability Measured at Fair Value on a Non-recurring Basis (Details) $ in Thousands | 3 Months Ended |
Dec. 31, 2021USD ($) | |
Balance as of December 31, 2021 | $ 699 |
Fair Value, Nonrecurring [Member] | Assets Acquisition of Amika Mobile Corporation [Member] | Holdback Liability [Member] | |
Balance as of September 30, 2021 | 687 |
Accretion | 11 |
Currency translation | $ 1 |
Note 6 - Inventories, Net - Sch
Note 6 - Inventories, Net - Schedule of Inventory (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Raw materials | $ 8,401 | $ 5,449 |
Finished goods | 893 | 842 |
Work in process | 552 | 877 |
Inventories, gross | 9,846 | 7,168 |
Reserve for obsolescence | (704) | (752) |
Inventories, net | $ 9,142 | $ 6,416 |
Note 7 - Property and Equipme_3
Note 7 - Property and Equipment, Net - Property and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Property and equipment | $ 4,843 | $ 4,685 |
Accumulated depreciation | (3,022) | (2,930) |
Property and equipment, net | 1,821 | 1,755 |
Furniture and Fixtures [Member] | ||
Property and equipment | 1,309 | 1,261 |
Machinery and Equipment [Member] | ||
Property and equipment | 1,380 | 1,270 |
Leasehold Improvements [Member] | ||
Property and equipment | $ 2,154 | $ 2,154 |
Note 7 - Property and Equipme_4
Note 7 - Property and Equipment, Net - Property and Equipment, Depreciation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation expense | $ 96 | $ 99 |
Note 8 - Goodwill and Intangi_3
Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Dec. 31, 2021 | Sep. 30, 2021 | |
Goodwill, Acquired During Period | $ 0 | |
Goodwill, Ending Balance | 23,787 | $ 23,834 |
Goodwill, Impairment Loss | $ 0 | |
Genasys Spain [Member] | ||
Goodwill and Intangible Assets, Foreign Currency Translation Gain (Loss) | 65 | |
Zonehaven, Inc and Asset Acquisition of Amika Mobile Corporation [Member] | ||
Goodwill, Acquired During Period | 21,128 | |
Assets Acquisition of Amika Mobile Corporation [Member] | ||
Goodwill and Intangible Assets, Foreign Currency Translation Gain (Loss) | $ 8 |
Note 8 - Goodwill and Intangi_4
Note 8 - Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Balance, goodwill | $ 23,834 | |
Currency translation, goodwill | (47) | |
Balance, goodwill | 23,787 | |
Balance, intangible assets | 12,804 | |
Amortization, intangible assets | (543) | $ (182) |
Currency translation, intangible assets | (10) | |
Balance, intangible assets | 12,251 | |
Hardware [Member] | ||
Balance, goodwill | 0 | |
Currency translation, goodwill | 0 | |
Balance, goodwill | 0 | |
Balance, intangible assets | 25 | |
Amortization, intangible assets | (1) | |
Currency translation, intangible assets | 0 | |
Balance, intangible assets | 24 | |
Software [Member] | ||
Balance, goodwill | 23,834 | |
Currency translation, goodwill | (47) | |
Balance, goodwill | 23,787 | |
Balance, intangible assets | 12,779 | |
Amortization, intangible assets | (542) | |
Currency translation, intangible assets | (10) | |
Balance, intangible assets | $ 12,227 |
Note 8 - Goodwill and Intangi_5
Note 8 - Goodwill and Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | |
Intangible assets, gross carrying amount | $ 14,826 | $ 14,861 | |
Accumulated amortization | (2,575) | (2,057) | |
Intangible assets, net | 12,251 | 12,804 | |
Amortization expense | 543 | $ 182 | |
Developed Technology Rights [Member] | |||
Intangible assets, gross carrying amount | 12,054 | 12,065 | |
Customer Relationships [Member] | |||
Intangible assets, gross carrying amount | 1,841 | 1,855 | |
Trade Names [Member] | |||
Intangible assets, gross carrying amount | 620 | 625 | |
Noncompete Agreements [Member] | |||
Intangible assets, gross carrying amount | 239 | 244 | |
Patents [Member] | |||
Intangible assets, gross carrying amount | $ 72 | $ 72 |
Note 8 - Goodwill and Intangi_6
Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) $ in Thousands | Dec. 31, 2021USD ($) |
2022 (remaining nine months) | $ 1,623 |
2023 | 2,133 |
2024 | 2,119 |
2025 | 1,994 |
2026 | 1,856 |
Thereafter | 2,526 |
Total estimated amortization expense | $ 12,251 |
Note 9 - Prepaid Expenses and_3
Note 9 - Prepaid Expenses and Other (Details Textual) | Dec. 31, 2021 |
Minimum [Member] | |
Capitalized Contract Cost, Amortization Period (Year) | 3 years |
Maximum [Member] | |
Capitalized Contract Cost, Amortization Period (Year) | 5 years |
Note 9 - Prepaid Expenses and_4
Note 9 - Prepaid Expenses and Other - Summary of Prepaid Expenses and Others (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Deposits for inventory | $ 265 | $ 997 |
Prepaid insurance | 290 | 395 |
Dues and subscriptions | 194 | 213 |
Prepaid professional services | 6 | 158 |
Prepaid commissions | 163 | 82 |
Trade shows and travel | 178 | 95 |
Other | 127 | 315 |
Prepaid expenses and other | $ 1,223 | $ 2,255 |
Note 10 - Accrued Liabilities_3
Note 10 - Accrued Liabilities and Other (Details Textual) $ in Thousands, $ in Millions | Oct. 02, 2020CAD ($) | Oct. 02, 2020USD ($) | Oct. 02, 2020CAD ($) | Dec. 31, 2021 |
Assets Acquisition of Amika Mobile Corporation [Member] | ||||
Asset Purchase Agreement, Deduction From Liability | $ 1 | $ 787 | $ 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 10 - Accrued Liabilities_4
Note 10 - Accrued Liabilities and Other - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Payroll and related | $ 2,146 | $ 3,726 |
Contract liability, current | 9,666 | |
Accrued contract costs | 653 | 416 |
Warranty reserve | 146 | 146 |
Other | 0 | 2 |
Total | 12,611 | 14,111 |
Service [Member] | ||
Contract liability, current | 1,092 | 1,120 |
Hardware [Member] | ||
Contract liability, current | $ 8,574 | $ 8,701 |
Note 10 - Accrued Liabilities_5
Note 10 - Accrued Liabilities and Other - Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Contract liability, noncurrent | $ 296 | |
Asset purchase holdback liability | 699 | $ 687 |
Total | 995 | 995 |
Service [Member] | ||
Contract liability, noncurrent | $ 296 | $ 308 |
Note 10 - Accrued Liabilities_6
Note 10 - Accrued Liabilities and Other - Changes in Warranty Reserve (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Sep. 30, 2021 | |
Beginning balance | $ 146 | $ 126 |
Warranty provision | 4 | 56 |
Warranty settlements | (4) | (36) |
Ending balance | $ 146 | $ 146 |
Note 11 - Debt (Details Textual
Note 11 - Debt (Details Textual) - USD ($) $ in Thousands | Mar. 08, 2021 | Dec. 31, 2021 |
Revolving Credit Facility [Member] | MUFG Union Bank, N.A. [Member] | ||
Line of Credit Facility, Maximum Borrowing Capacity | $ 10,000 | |
Long-term Line of Credit, Total | $ 0 | |
Debt Issuance Costs, Gross | $ 38 | |
Revolving Credit Facility [Member] | MUFG Union Bank, N.A. [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument, Basis Spread on Variable Rate | 2.25% | |
Collateral Pledged [Member] | Loan with Ministry of Science and Innovation, Due February 2, 2024 [Member] | Genasys Spain [Member] | ||
Debt, Current, Total | $ 273 |
Note 11 - Debt - Loans With Gov
Note 11 - Debt - Loans With Governmental Agencies (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 | |
Principal, loans with governmental agencies | $ 290 | $ 296 | |
Loans With Governmental Agencies [Member] | |||
Principal, loans with governmental agencies | 290 | ||
Loans With Governmental Agencies [Member] | Ministry of Economy and Competitiveness, Debt, INNPACTO 1 eSalud [Member] | |||
Principal, loans with governmental agencies | 17 | ||
Loans With Governmental Agencies [Member] | Ministry of Economy and Competitiveness, Debt, INNPACTO 3 eSalud [Member] | |||
Principal, loans with governmental agencies | [1] | $ 273 | |
[1] | This loan is secured by $273 of cash pledged as collateral by Genasys Spain, which is the current balance of the loan. This amount is included in restricted cash at December 31, 2021. The Company expects the Ministry of Economy and Competitiveness to declare the terms of the loan satisfied within fiscal 2022 and that the outstanding balance of the loan will be paid in full during fiscal 2022. Accordingly, this has been included in the current portion of notes payable as of December 31, 2021. |
Note 11 - Debt - Future Annual
Note 11 - Debt - Future Annual Payments (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
2022 | $ 290 | |
Total | $ 290 | $ 296 |
Note 11 - Debt - Changes in Car
Note 11 - Debt - Changes in Carrying Amount of Debt (Details) $ in Thousands | 3 Months Ended |
Dec. 31, 2021USD ($) | |
Balance | $ 296 |
Payments | 0 |
Currency translation | (6) |
Balance | $ 290 |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Oct. 01, 2019 | |
Increase in Lease Liability with 10% Increase in Index | $ 19 | |||
Operating Lease, Liability | 6,394 | $ 6,608 | ||
Operating Lease, Right-of-Use Asset | $ 4,689 | $ 4,862 | ||
Operating Lease, Weighted Average Remaining Lease Term (Year) | 6 years 5 months 8 days | |||
Operating Lease, Weighted Average Discount Rate, Percent | 4.14% | |||
Operating Lease, Expense | $ 244 | $ 236 | ||
Short-term Lease, Cost | 0 | $ 0 | ||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||
Operating Lease, Liability | 7 | |||
Operating Lease, Right-of-Use Asset | $ 7 | |||
Accounting Standards Update 2016-02 [Member] | ||||
Operating Lease, Liability | $ 7,815 | |||
Operating Lease, Right-of-Use Asset | $ 5,824 |
Note 12 - Leases - Initial Meas
Note 12 - Leases - Initial Measurement of Operating Lease (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | |
Operating lease ROU asset as of September 30, 2021 | $ 4,862 | ||
Additional operating lease ROU assets | 7 | ||
Less amortization of operating lease ROU assets | (178) | $ (170) | |
Effect of exchange rate on operating lease ROU assets | (2) | ||
Operating lease right of use asset as of December 31, 2021 | 4,689 | ||
Operating lease liabilities | 6,608 | ||
Less lease principal payments on operating lease liabilities | (218) | ||
Effect of exchange rate on operating lease liabilities | (3) | ||
Operating lease liabilities | 6,394 | $ 6,608 | |
Less non-current portion | (5,488) | $ (5,709) | |
Current portion as of December 31, 2021 | $ 906 |
Note 12 - Leases - Maturities o
Note 12 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
2022 (remaining nine months) | $ 866 | |
2023 | 1,090 | |
2024 | 1,086 | |
2025 | 1,058 | |
2026 | 1,071 | |
Thereafter | 2,139 | |
Total undiscounted operating lease payments | 7,310 | |
Less imputed interest | (916) | |
Operating Lease, Liability | $ 6,394 | $ 6,608 |
Note 13 - Income Taxes (Details
Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Expense (Benefit), Total | $ (291) | $ (5) |
Effective Income Tax Rate Reconciliation, Percent, Total | 28.80% | 31.20% |
Unrecognized Tax Benefits, Ending Balance | $ 0 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingencies (Details Textual) $ / shares in Units, $ in Thousands, $ in Millions | Oct. 02, 2020USD ($)$ / sharesshares | Oct. 02, 2020CAD ($)shares | Oct. 02, 2020CAD ($) | Dec. 31, 2021USD ($)$ / sharesshares | Dec. 31, 2020USD ($) | Sep. 30, 2021shares |
Increase (Decrease) in Other Employee-Related Liabilities | $ | $ 463 | $ 459 | ||||
Share Price (in dollars per share) | $ / shares | $ 5.98 | $ 3.98 | ||||
Assets Acquisition of Amika Mobile Corporation [Member] | ||||||
Asset Purchase Agreement, Deduction From Liability | $ 787 | $ 1 | $ 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) | 191,267 | 191,267 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 573,801 | 573,801 | 139,128 | |||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ | $ 3,431 | |||||
Assets Acquisition of Amika Mobile Corporation [Member] | Former Owner of Amika Mobile [Member] | ||||||
Stock Issued During Period, Shares, Acquisitions (in shares) | 69,564 | 365,109 |
Note 15 - Share-based Compens_3
Note 15 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Sep. 01, 2021 | Mar. 16, 2021 | Mar. 10, 2020 | Oct. 04, 2019 | Aug. 01, 2016 | Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Dec. 08, 2020 | Oct. 02, 2020 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 8,212,968 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 267,000 | 215,000 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 7 years | |||||||||||||
Dividends, Total | $ 0 | $ 0 | ||||||||||||
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 1,519 | |||||||||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 9 months 18 days | |||||||||||||
Share-based Payment Arrangement, Expense | $ 558 | $ 182 | ||||||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 40 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 3.20 | $ 3.02 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year) | 3 years 10 months 9 days | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 3,373 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 2,816 | |||||||||||||
Share Price (in dollars per share) | $ 3.98 | $ 5.98 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 74 | 113 | ||||||||||||
Gross Proceeds from Stock Options Exercised | 46 | 54 | ||||||||||||
Proceeds from Stock Options Exercised | $ 46 | 54 | ||||||||||||
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) | $ 8.03 | |||||||||||||
Selling, General and Administrative Expenses [Member] | ||||||||||||||
Share-based Payment Arrangement, Expense | $ 531 | $ 171 | ||||||||||||
Common Stock Award [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 4,813,115 | |||||||||||||
Performance Shares [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 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 | $ 437 | $ 138 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 8,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested 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 | 3 years | 3 years | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 145,950 | 81,270 | 99,300 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | |||||||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 989 | $ 258 | $ 248 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 5,000 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 25 | |||||||||||||
Restricted Stock Units (RSUs) [Member] | Board of Directors [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 17,500 | 27,883 | 30,000 | |||||||||||
Shares Granted, Value, Share-based Payment Arrangement, before Forfeiture | $ 184 | $ 1,100 | $ 425 | |||||||||||
Share-based Payment Arrangement, Option [Member] | Employees, Directors, and Consultants [Member] | ||||||||||||||
Share-based Payment Arrangement, Expense | $ 120 | $ 44 | ||||||||||||
2015 Equity Plan [Member] | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 10,000,000 | 5,000,000 | ||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Proposed Number of Shares Authorized (in shares) | 10,000,000 | |||||||||||||
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) | 3,329,853 | |||||||||||||
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) | 70,000 |
Note 15 - Share-based Compens_4
Note 15 - Share-based Compensation - Weighted-average Assumptions (Details) | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Volatility | 48.10% | 48.60% |
Risk-free interest rate | 1.20% | 0.60% |
Dividend yield | 0.00% | 0.00% |
Expected term in years (Year) | 6 years 10 months 24 days | 6 years 10 months 24 days |
Note 15 - Share-based Compens_5
Note 15 - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock Units (RSUs) [Member] | 3 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Number of Shares Outstanding (in shares) | shares | 399,469 |
Weighted Average Grant Date Fair Value, Outstanding (in dollars per share) | $ / shares | $ 6.27 |
Number of Shares Granted (in shares) | shares | 8,000 |
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares | $ 4.99 |
Number of Shares Released (in shares) | shares | 0 |
Weighted Average Grant Date Fair Value, Released (in dollars per share) | $ / shares | $ 0 |
Number of Shares Forfeited/cancelled (in shares) | shares | (5,000) |
Weighted Average Grant Date Fair Value, Forfeited/cancelled (in dollars per share) | $ / shares | $ 5.05 |
Number of Shares Outstanding (in shares) | shares | 402,469 |
Weighted Average Grant Date Fair Value, Outstanding (in dollars per share) | $ / shares | $ 6.26 |
Note 15 - Share-based Compens_6
Note 15 - Share-based Compensation - Stock Option Activity (Details) - $ / shares | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Number of Shares Outstanding, Balance (in shares) | 2,745,384 | |
Weighted Average Exercise Price, Shares Outstanding, Balance (in dollars per share) | $ 3.02 | |
Number of Shares Granted (in shares) | 267,000 | 215,000 |
Weighted Average Exercise Price, Shares Granted (in dollars per share) | $ 4.99 | |
Number of Shares Forfeited/expired (in shares) | 0 | |
Weighted Average Exercise Price, Shares Forfeited/expired (in dollars per share) | $ 0 | |
Number of Shares Exercised (in shares) | (15,000) | (25,899) |
Weighted Average Exercise Price, Exercised (in dollars per share) | $ 3.06 | |
Number of Shares Outstanding, Balance (in shares) | 2,997,384 | |
Weighted Average Exercise Price, Shares Outstanding, Balance (in dollars per share) | $ 3.20 | |
Number of Shares Exercisable (in shares) | 1,562,503 | |
Weighted Average Exercise Price, Shares Exercisable (in dollars per share) | $ 2.29 |
Note 15 - Share-based Compens_7
Note 15 - Share-based Compensation - Stock Options Outstanding (Details) | 3 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Lower Exercise Price (in dollars per share) | $ 3.40 |
Number Outstanding (in shares) | shares | 2,997,384 |
Weighted Average Remaining Contractual Life (Year) | 3 years 10 months 9 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 3.20 |
Number Exercisable (in shares) | shares | 1,562,503 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 2.29 |
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 | 324,157 |
Weighted Average Remaining Contractual Life (Year) | 1 year 9 months |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 1.64 |
Number Exercisable (in shares) | shares | 324,157 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 1.64 |
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) | 2 years 2 months 4 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 |
Range Three [Member] | |
Lower Exercise Price (in dollars per share) | 2.16 |
Upper Exercise Price (in dollars per share) | $ 2.90 |
Number Outstanding (in shares) | shares | 50,000 |
Weighted Average Remaining Contractual Life (Year) | 2 months 8 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 2.31 |
Number Exercisable (in shares) | shares | 50,000 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 2.31 |
Range Four [Member] | |
Lower Exercise Price (in dollars per share) | 3.39 |
Upper Exercise Price (in dollars per share) | $ 3.39 |
Number Outstanding (in shares) | shares | 800,000 |
Weighted Average Remaining Contractual Life (Year) | 4 years 9 months 3 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 3.39 |
Number Exercisable (in shares) | shares | 0 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 0 |
Range Five [Member] | |
Upper Exercise Price (in dollars per share) | $ 8.03 |
Number Outstanding (in shares) | shares | 885,727 |
Weighted Average Remaining Contractual Life (Year) | 5 years 9 months 21 days |
Weighted Average Exercise Price, Outstanding (in dollars per share) | $ 4.93 |
Number Exercisable (in shares) | shares | 250,846 |
Weighted Average Exercise Price, Exercisable (in dollars per share) | $ 4.27 |
Note 15 - Share-based Compens_8
Note 15 - Share-based Compensation - Summary of Share-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Share-based Payment Arrangement, Expense | $ 558 | $ 182 |
Cost of Sales [Member] | ||
Share-based Payment Arrangement, Expense | 15 | 5 |
Selling, General and Administrative Expenses [Member] | ||
Share-based Payment Arrangement, Expense | 531 | 171 |
Research and Development Expense [Member] | ||
Share-based Payment Arrangement, Expense | $ 12 | $ 6 |
Note 16 - Stockholders' Equit_2
Note 16 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Oct. 02, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | Dec. 31, 2018 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 15,000 | 25,899 | |||
Gross Proceeds from Stock Options Exercised | $ 46 | $ 54 | |||
Stock Repurchased During Period, Value | $ 441 | ||||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0 | $ 0 | |||
Share Buyback Program [Member] | |||||
Stock Repurchase Program, Authorized Amount | $ 5,000 | ||||
Stock Repurchased and Retired During Period, Shares (in shares) | 116,868 | 0 | |||
Stock Repurchased During Period, Value | $ 441 | ||||
Assets Acquisition of Amika Mobile Corporation [Member] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares, Each Anniversaries (in shares) | 191,267 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 573,801 | 139,128 | |||
Business Acquisition, Share Price (in dollars per share) | $ 5.98 | ||||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 3,431 | ||||
Assets Acquisition of Amika Mobile Corporation [Member] | Former Owner of Amika Mobile [Member] | |||||
Stock Issued During Period, Shares, Acquisitions (in shares) | 69,564 | 365,109 |
Note 16 - Stockholders' Equit_3
Note 16 - Stockholders' Equity - Summary of Changes in Stockholders' Equity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Balance | $ 65,958 | $ 49,140 |
Share-based compensation expense | $ 558 | $ 182 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 15,000 | 25,899 |
Issuance of common stock upon exercise of stock options, net | $ 46 | $ 54 |
Stock buyback | (441) | |
Release of obligation to issue commons stock | 0 | |
Other comprehensive income (loss) | (85) | 469 |
Net income (loss) | (1,305) | (619) |
Obligation to issue common stock | 3,431 | |
Accumulated other comprehensive income | (85) | 469 |
Balance | $ 64,731 | $ 52,657 |
Common Stock [Member] | ||
Balance (in shares) | 36,403,833 | 33,561,544 |
Balance | $ 364 | $ 336 |
Share-based compensation expense | $ 0 | $ 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 15,000 | 25,899 |
Issuance of common stock upon exercise of stock options, net | $ 0 | $ 0 |
Stock buyback (in shares) | (116,868) | |
Stock buyback | $ (1) | |
Release of obligation to issue commons stock (in shares) | 69,564 | |
Release of obligation to issue commons stock | $ 0 | |
Other comprehensive income (loss) | 0 | 0 |
Net income (loss) | 0 | 0 |
Obligation to issue common stock | 0 | |
Accumulated other comprehensive income | $ 0 | $ 0 |
Balance (in shares) | 36,371,529 | 33,587,443 |
Balance | $ 363 | $ 336 |
Additional Paid-in Capital [Member] | ||
Balance | 107,110 | 91,248 |
Share-based compensation expense | 558 | 182 |
Issuance of common stock upon exercise of stock options, net | 46 | 54 |
Stock buyback | (441) | |
Release of obligation to issue commons stock | 0 | |
Other comprehensive income (loss) | 0 | 0 |
Net income (loss) | 0 | 0 |
Obligation to issue common stock | 3,431 | |
Accumulated other comprehensive income | 0 | 0 |
Balance | 107,273 | 94,915 |
Retained Earnings [Member] | ||
Balance | (41,154) | (41,858) |
Share-based compensation expense | 0 | 0 |
Issuance of common stock upon exercise of stock options, net | 0 | 0 |
Stock buyback | 0 | |
Release of obligation to issue commons stock | 0 | |
Other comprehensive income (loss) | 0 | 0 |
Net income (loss) | (1,305) | (619) |
Obligation to issue common stock | 0 | |
Accumulated other comprehensive income | 0 | 0 |
Balance | (42,459) | (42,477) |
AOCI Attributable to Parent [Member] | ||
Balance | 2 | (250) |
Share-based compensation expense | 0 | 0 |
Issuance of common stock upon exercise of stock options, net | 0 | 0 |
Stock buyback | 0 | |
Release of obligation to issue commons stock | 0 | |
Other comprehensive income (loss) | (85) | 469 |
Net income (loss) | 0 | 0 |
Obligation to issue common stock | 0 | |
Accumulated other comprehensive income | (85) | 469 |
Balance | $ (83) | $ 219 |
Note 17 - Net Loss Per Share -
Note 17 - Net Loss Per Share - Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Net loss | $ (1,305) | $ (619) |
Basic loss per share (in dollars per share) | $ (0.04) | $ (0.02) |
Diluted loss per share (in dollars per share) | $ (0.04) | $ (0.02) |
Weighted average shares outstanding - basic (in shares) | 36,456,187 | 33,573,755 |
Weighted average shares outstanding - diluted (in shares) | 36,456,187 | 33,573,755 |
Antidilutive securities (in shares) | 3,538,981 | 3,057,018 |
Share-based Payment Arrangement, Option [Member] | ||
Antidilutive securities (in shares) | 2,997,384 | 2,754,281 |
Restricted Stock Units (RSUs) [Member] | ||
Antidilutive securities (in shares) | 402,469 | 302,737 |
Obligation to Issue Common Stock [Member] | ||
Antidilutive securities (in shares) | 139,128 | 0 |
Note 18 - Segment Information_2
Note 18 - Segment Information (Details Textual) | 3 Months Ended |
Dec. 31, 2021 | |
Number of Reportable Segments | 2 |
Note 18 - Segment Information -
Note 18 - Segment Information - Segment Disclosures (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2021 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 10,677 | $ 8,028 | |
Operating Income (Loss) | (1,609) | (693) | |
Depreciation and amortization | 639 | 281 | |
Income Tax Expense (Benefit), Total | (291) | (5) | |
Long-lived assets | 37,859 | $ 38,393 | |
Total assets | 87,280 | 90,128 | |
Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 674 | 351 | |
Hardware [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 10,127 | 7,387 | |
Operating Income (Loss) | 1,172 | 508 | |
Depreciation and amortization | 90 | 90 | |
Income Tax Expense (Benefit), Total | (291) | (5) | |
Long-lived assets | 1,799 | 1,748 | |
Total assets | 48,782 | 50,364 | |
Hardware [Member] | Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | |
Software [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | 550 | 641 | |
Operating Income (Loss) | (2,781) | (1,201) | |
Depreciation and amortization | 549 | 191 | |
Income Tax Expense (Benefit), Total | 0 | 0 | |
Long-lived assets | 36,060 | 36,645 | |
Total assets | 38,498 | $ 39,764 | |
Software [Member] | Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 674 | $ 351 |
Note 19 - Major Customers, Su_3
Note 19 - Major Customers, Suppliers and Related Information (Details Textual) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Revenue from Contract with Customer, Including Assessed Tax | $ 10,677 | $ 8,028 |
UNITED STATES | ||
Revenue from Contract with Customer, Including Assessed Tax | $ 9,303 | $ 5,712 |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | ||
Number Of Major Customers | 1 | 1 |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member] | ||
Concentration Risk, Percentage | 68.00% | 52.00% |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | ||
Number Of Major Customers | 2 | 3 |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member] | ||
Concentration Risk, Percentage | 61.00% | 48.00% |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member] | ||
Concentration Risk, Percentage | 23.00% | 14.00% |
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member] | ||
Concentration Risk, Percentage | 10.00% |
Note 19 - Major Customers, Su_4
Note 19 - Major Customers, Suppliers and Related Information - Schedule of Major Customers (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues | $ 10,677 | $ 8,028 |
Americas [Member] | ||
Revenues | 9,436 | 6,014 |
Asia Pacific [Member] | ||
Revenues | 308 | 1,011 |
EMEA [Member] | ||
Revenues | $ 933 | $ 1,003 |
Note 19 - Major Customers, Su_5
Note 19 - Major Customers, Suppliers and Related Information - Schedule of Long-lived Assets (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Sep. 30, 2021 |
Long-lived assets | $ 37,859 | $ 38,393 |
UNITED STATES | ||
Long-lived assets | 26,552 | 26,880 |
Non-US [Member] | ||
Long-lived assets | 8,313 | 8,395 |
EMEA [Member] | ||
Long-lived assets | $ 2,994 | $ 3,118 |