13. ACQUISITION/MERGER WITH SUBSIDIARIES (Tables)

12 Months Ended

Aug. 31, 2019

Schedule of statement of income

	(Actual)		(Actual)		(Pro forma)*
	2019		2018		2017
Net Sales	$	33,970	$	29,667	$	27,184
Net Income	$	8,583	$	8,935	$	6,325

*Includes 3 months actual results for the period of June 1, 2017 to August 31, 2017

DILIsym

Allocation of purchase price

The following table summarizes the preliminary allocation of the purchase price for DILIsym:

Assets acquired, including accounts receivable of $255,000 and estimated Contracts receivable of $153,000	$	2,283,110
Developed technologies acquired		2,850,000
Estimated value of intangibles acquired (Customer Lists, trade name etc.)		2,840,000
Current liabilities assumed		(911,049	)
Goodwill		5,597,950
Estimated deferred income taxes		(2,212,160	)
Total Consideration	$	10,463,310