Note 17 - Segment Information

12 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

1

7

. SEGMENT INFORMATION

The Company is engaged in the design, development and commercialization of directed and multidirectional sound technologies, voice broadcast products and location-based mass messaging solutions for emergency warning and workforce management. The Company operates in

two

business segments: LRAD and Genasys Spain and its principle markets are North and South America, Europe, 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

material.

The following table presents the Company’s segment disclosures:

For the year ended

September 30, 2019:

	Revenue from External Customers		Intercompany Revenues		Operating Income		Depreciation and amortization expense		Interest Expense		Income Tax Expense
LRAD	$	34,931,448	$	-	$	3,097,498	$	517,081	$	-	$	572,200
Genasys Spain		2,047,607		907,785		38,867		307,808		-		-
	$	36,979,055	$	907,785	$	3,136,365	$	824,889	$	-	$	572,200

	Long-lived assets		Total Assets
LRAD	$	2,283,344	$	42,470,356
Genasys Spain	$	3,467,546	$	4,649,627
	$	5,750,890	$	47,119,983

For the year ended

September 30, 2018:

	Revenue from External Customers		Intercompany Revenues		Operating Income (loss)			Depreciation and amortization expense		Interest Expense		Income Tax Expense
LRAD	$	24,836,795	$	-	$	(1,387,902	)	$	254,618	$	-	$	2,375,000
Genasys Spain		1,469,995		313,110		(88,563	)		228,469		20,949		-
	$	26,306,790	$	313,110	$	(1,476,465	)	$	483,087	$	20,949	$	2,375,000

	Long-lived assets		Total Assets
LRAD	$	2,478,144	$	36,770,872
Genasys Spain		3,973,917		5,089,925
	$	6,452,061	$	41,860,797