Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Goodwill and Patents

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Note 8 - Goodwill and Patents
3 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
Note
8.
Goodwill and Intangibles
 
The Company analyzes its goodwill for impairment annually or at an interim period when events occur or changes in circumstances indicate potential impairment. The result of the analysis performed as of
September 30, 2019
did
not
indicate an impairment of goodwill. During the
three
months ended
December 31, 2019,
there were
no
triggering events that indicate potential impairment exists.
 
The Company capitalizes legal costs incurred to obtain patents. Once accepted by either the U.S. Patent Office or the equivalent office of a foreign country, these legal costs are amortized using the straight-line method over the remaining estimated lives,
not
exceeding
20
years. As of
December 31, 2019,
the Company has
21
patents granted and multiple pending applications both inside and outside the United States.
 
In addition, the Company has various finite lived intangible assets, most of which were acquired as a result of the acquisition of the active cabinet product line from Calix, Inc. (“Calix”) during fiscal year
2018.
The Company analyzes its intangible assets for impairment annually or at interim periods when events occur or changes in circumstances indicate potential impairment. The result of the analysis performed as of
September 30, 2019
did
not
indicate an impairment of our intangible assets. During the
three
months ended
December 31, 2019,
there were
no
triggering events that indicate potential impairment exists.