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Note 15 - Subsequent Event
9 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

15. Subsequent Event

 

On August 1, 2025, the Company acquired all the outstanding common stock of Geovox Security, Inc. (“Geovox”).  Geovox, which can detect human traffic in vehicles with it Heartbeat Detector, will operate in the Company's Intelligent Industrial segment.

 

T        The acquisition purchase price for Geovox consists of (i) cash of $1.7 million, which included of $1.5 million paid at closing and $0.2 million to be paid June 1, 2027, and (ii) contingent earn-out payments of up to $3.3 million over a four-year period.  The contingent payments, if any, will be derived from certain eligible revenue that may be generated during the four-year earn-out period.