Goodwill is attributable to the acquisitions of Genasys Spain, Zonehaven, Evertel, 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. As of June 30, 2026 and September 30, 2025, goodwill was $13,380 and $13,450, respectively. There were no additions or impairments to goodwill during the nine months ended June 30, 2026 or June 30, 2025.

The changes in the carrying amount of goodwill by segment as of June 30, 2026, were as follows:


	Hardware		Software			Total
Balance as of September 30, 2025	$	—	$	13,450		$	13,450
Currency translation		—		(70	)		(70	)
Balance as of June 30, 2026	$	—	$	13,380		$	13,380

The changes in the carrying amount of intangible assets by segment as of June 30, 2026, were as follows:


	Hardware			Software			Total
Balance as of September 30, 2025	$	12		$	6,135		$	6,147
Amortization		(2	)		(1,707	)		(1,709	)
Balance as of June 30, 2026	$	10		$	4,428		$	4,438

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 $70.

The Company’s consolidated intangible assets consisted of the following:


	June 30, 2026			September 30, 2025
Technology	$	14,266		$	14,234
Customer relationships		2,095			2,063
Trade name portfolio		622			610
Patents		72			72
		17,055			16,979
Accumulated amortization		(12,617	)		(10,832	)
	$	4,438		$	6,147

As of June 30, 2026, future amortization expense was as follows:


Fiscal year ending September 30,
2026 (remaining three months)		512
2027		2,048
2028		1,220
2029		329
2030		328
Thereafter		1
Total estimated amortization expense	$	4,438

Amortization expense was $555 and $577 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense was $1,709 and $1,779 for the nine months ended June 30, 2026 and 2025, respectively.