7. RELATED PARTY TRANSACTIONS

9 Months Ended

May 31, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

As of May 31, 2016, included in bonus expenses to officers was $90,750, 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 $27,000 accrued bonus representing an estimated amount of bonus payable to our Chief Executive Officer, Walter Woltosz as part of his current employment agreement, and $18,750 accrued bonus representing as estimated amount of bonus payable to our President, Thaddeus Grasela as part of his current employment agreement.