XML 33 R11.htm IDEA: XBRL DOCUMENT

6. RELATED PARTY TRANSACTIONS	9 Months Ended
May 31, 2013
Related Party Transactions [Abstract]
Note 6. RELATED PARTY TRANSACTIONS	NOTE 6: RELATED PARTY TRANSACTIONS As of May 31, 2013, included in bonus expenses to officers was $75,000, of which $45,000 was accrued bonus representing an estimated quarterly amount of bonus payable to the Corporate Secretary, Virginia Woltosz, as part of the terms of the sale of Words+ to Simulations Plus in 1996. The other $30,000, paid in September 2012, was the FY2012 performance bonus to Walter Woltosz, our President/Chief Executive Officer, which was approved by the Compensation Committee.

6. RELATED PARTY TRANSACTIONS

9 Months Ended

May 31, 2013

NOTE 6: RELATED PARTY TRANSACTIONS

As of May 31, 2013, included in bonus expenses to officers was $75,000, of which $45,000 was accrued bonus representing an estimated quarterly amount of bonus payable to the Corporate Secretary, Virginia Woltosz, as part of the terms of the sale of Words+ to Simulations Plus in 1996. The other $30,000, paid in September 2012, was the FY2012 performance bonus to Walter Woltosz, our President/Chief Executive Officer, which was approved by the Compensation Committee.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details