7. RELATED PARTY TRANSACTIONS

9 Months Ended

May 31, 2014

Related Party Transactions [Abstract]

Note 7. RELATED PARTY TRANSACTIONS

As of May 31, 2014, included in bonus expenses to officers was $120,000, 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, and $45,000 accrued bonus representing an estimated quarterly amount of bonus payable to our President/Chief Executive Officer, Walter Woltosz as part of his 2014 employment agreement The other $30,000, paid in September 2013, was FY2013 performance bonus to Walter Woltosz, our President/Chief Executive Officer, which was approved by the compensation committee in September 2013.