XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Nov. 30, 2014
Aug. 31, 2014
Current assets    
Cash and cash equivalents $ 5,791,177us-gaap_CashAndCashEquivalentsAtCarryingValue $ 8,614,929us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowance for doubtful accounts of $0 2,995,959us-gaap_AccountsReceivableNetCurrent 1,708,158us-gaap_AccountsReceivableNetCurrent
Revenues in excess of billings 734,503us-gaap_CostsInExcessOfBillingsOnUncompletedContractsOrPrograms 158,914us-gaap_CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
Prepaid income taxes 626,128us-gaap_PrepaidTaxes 748,359us-gaap_PrepaidTaxes
Prepaid expenses and other current assets 264,093us-gaap_PrepaidExpenseAndOtherAssets 188,160us-gaap_PrepaidExpenseAndOtherAssets
Deferred income taxes 274,548us-gaap_DeferredTaxAssetsNetCurrent 114,846us-gaap_DeferredTaxAssetsNetCurrent
Total current assets 10,686,408us-gaap_AssetsCurrent 11,533,366us-gaap_AssetsCurrent
Long-term assets    
Capitalized computer software development costs, net of accumulated amortization of $6,822,573 and $6,609,282 3,736,980us-gaap_CapitalizedComputerSoftwareNet 3,452,541us-gaap_CapitalizedComputerSoftwareNet
Property and equipment, net (note 3) 518,378us-gaap_PropertyPlantAndEquipmentNet 95,242us-gaap_PropertyPlantAndEquipmentNet
Intellectual property, net of accumulated amortization of $345,625 and $193,750 5,729,375us-gaap_IntangibleAssetsNetExcludingGoodwill 5,881,250us-gaap_IntangibleAssetsNetExcludingGoodwill
Other intangible assets net of accumulated amortization of $36,875 1,613,125us-gaap_OtherIntangibleAssetsNet 0us-gaap_OtherIntangibleAssetsNet
Goodwill 4,789,248us-gaap_Goodwill 0us-gaap_Goodwill
Other assets 34,083us-gaap_OtherAssetsNoncurrent 18,445us-gaap_OtherAssetsNoncurrent
Total assets 27,107,597us-gaap_Assets 20,980,844us-gaap_Assets
Current liabilities    
Accounts payable 153,211us-gaap_AccountsPayableCurrent 130,547us-gaap_AccountsPayableCurrent
Accrued payroll and other expenses 672,734us-gaap_EmployeeRelatedLiabilitiesCurrent 340,709us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued bonuses to officer 24,000us-gaap_AccruedEmployeeBenefitsCurrent 120,000us-gaap_AccruedEmployeeBenefitsCurrent
Other current liabilities 19,859us-gaap_OtherLiabilitiesCurrent 19,859us-gaap_OtherLiabilitiesCurrent
Current portion - Contract payable (note 4) 750,000simu_ContractPayableCurrent 750,000simu_ContractPayableCurrent
Billings in excess of revenues 129,725us-gaap_BillingsInExcessOfCostCurrent 0us-gaap_BillingsInExcessOfCostCurrent
Deferred revenue 34,879us-gaap_DeferredRevenueCurrent 30,370us-gaap_DeferredRevenueCurrent
Total current liabilities 1,784,408us-gaap_LiabilitiesCurrent 1,391,485us-gaap_LiabilitiesCurrent
Long-term liabilities    
Deferred income taxes 3,230,446us-gaap_DeferredTaxLiabilitiesNoncurrent 2,375,874us-gaap_DeferredTaxLiabilitiesNoncurrent
Payments due under Contract payable (note 4) 3,604,405simu_ContractPayableNoncurrent 1,750,000simu_ContractPayableNoncurrent
Other long-term liabilities 23,169us-gaap_OtherLiabilitiesNoncurrent 28,134us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 8,642,428us-gaap_Liabilities 5,545,493us-gaap_Liabilities
Commitments and contingencies (note 5)      
Shareholders' equity (note 6)    
Preferred stock, $0.001 par value 10,000,000 shares authorized no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.001 par value 50,000,000 shares authorized 16,841,114 and 16,349,955 shares issued and outstanding 5,312us-gaap_CommonStockValue 4,821us-gaap_CommonStockValue
Additional paid-in capital 9,427,906us-gaap_AdditionalPaidInCapital 6,085,427us-gaap_AdditionalPaidInCapital
Retained earnings 9,031,951us-gaap_RetainedEarningsAccumulatedDeficit 9,345,103us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders' equity 18,465,169us-gaap_StockholdersEquity 15,435,351us-gaap_StockholdersEquity
Total liabilities and shareholders' equity $ 27,107,597us-gaap_LiabilitiesAndStockholdersEquity $ 20,980,844us-gaap_LiabilitiesAndStockholdersEquity