Note 14 - Subsequent Events

3 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Subsequent Events [Text Block]

1

4

.

SUBSEQUENT EVENTS

On

January 18, 2018,

the Company

acquired all of the issued and outstanding shares of capital stock of Genasys Holdings, S.L. and its subsidiaries (“Genasys”), pursuant to a Stock Purchase Agreement, dated

January 18, 2018.

Genasys is a leading software provider of advanced location-based mass messaging solutions for emergency warning systems and workforce management. The aggregate consideration paid by the Company was

3.1

million Euros (approximately

$3.8

million), including the assumption of

1.2

million Euros (approximately

$1.5

million) of debt subject to certain working capital adjustments as outlined in the Stock Purchase Agreement. The acquisition was funded from available cash on hand. The Company is in the initial stages of determining the accounting treatment for the transaction, specifically related to the fair value of acquired tangible and intangible assets, liabilities assumed and the related tax impact.