SEGMENT AND GEOGRAPHIC REPORTING

12 Months Ended

Aug. 31, 2020

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC REPORTING

NOTE 11 – SEGMENT AND GEOGRAPHIC REPORTING

We account for segments and geographic revenues in accordance with guidance issued by the FASB. Our reportable segments are strategic business units that offer different products and services.

Results for each segment and consolidated results are as follows years ended August 31, 2020, 2019 and 2018 (in thousands, because of rounding, numbers may not foot):

Year ended August 31, 2020
	Simulations Plus, Inc.		Cognigen Corporation		DILIsym		Lixoft*		Eliminations			Total
Net revenues	$	21,961	$	11,105	$	6,948	$	1,575	$	–		$	41,589
Income from operations before income taxes	$	7,374	$	1,770	$	1,744	$	717	$	–		$	11,605
Total assets	$	162,807	$	11,654	$	14,084	$	19,972	$	(40,095	)	$	168,422
Goodwill	$	–	$	4,789	$	5,598	$	2,534	$	–		$	12,921
Capital expenditures	$	111	$	87	$	31	$	2	$	–		$	231
Capitalized software costs	$	2,028	$	40	$	124	$	160	$	–		$	2,353
Depreciation and amortization	$	1,713	$	349	$	600	$	300	$	–		$	2,962

Year ended August 31, 2019
	Simulations Plus, Inc.		Cognigen Corporation		DILIsym		Lixoft*		Eliminations			Total
Net revenues	$	19,585	$	9,321	$	5,065	$	–	$	–		$	33,970
Income from operations before income taxes	$	7,752	$	1,481	$	1,416	$	–	$	–		$	10,648
Total assets	$	38,535	$	11,196	$	13,168	$	–	$	(17,702	)	$	45,197
Goodwill	$	–	$	4,789	$	5,598	$	–	$	–		$	10,387
Capital expenditures	$	39	$	79	$	20	$	–	$	–		$	138
Capitalized software costs	$	1,482	$	114	$	172	$	–	$	–		$	1,768
Depreciation and amortization	$	1,806	$	364	$	580	$	–	$	–		$	2,750

Year ended August 31, 2018
	Simulations Plus, Inc.		Cognigen Corporation		DILIsym		Lixoft*		Eliminations			Total
Net revenues	$	17,553	$	7,857	$	4,257	$	–	$	–		$	29,667
Income from operations before income taxes	$	7,533	$	1,902	$	863	$	–	$	–		$	10,298
Total assets	$	38,000	$	8,733	$	14,248	$	–	$	(17,702	)	$	43,279
Goodwill	$	–	$	4,789	$	5,598	$	–	$	–		$	10,387
Capital expenditures	$	65	$	100	$	18	$	–	$	–		$	183
Capitalized software costs	$	1,365	$	625	$	155	$	–	$	–		$	2,145
Depreciation and amortization	$	1,748	$	401	$	572	$	–	$	–		$	2,721

In addition, the Company allocates revenues to geographic areas based on the locations of its customers. Geographical revenues for the years ended August 31, 2020, 2019 and 2018 were as follows (in thousands, because of rounding, numbers may not foot):

Year ended August 31, 2020
	North & South America		Europe		Asia		Total
Simulations Plus, Inc.	$	11,124	$	5,024	$	5,812	$	21,961
Cognigen Corporation		11,105		–		–		11,105
DILIsym Services, Inc.		6,057		646		246		6,948
Lixoft*		1,388		157		30		1,575
Total	$	29,674	$	5,827	$	6,088	$	41,589

Year ended August 31, 2019
	North & South America		Europe		Asia		Total
Simulations Plus, Inc.	$	9,381	$	5,144	$	5,060	$	19,585
Cognigen Corporation		9,321		–		–		9,321
DILIsym Services, Inc.		3,875		685		505		5,065
Lixoft*		–		–		–		–
Total	$	22,577	$	5,829	$	5,565	$	33,971

Year ended August 31, 2018
	North & South America		Europe		Asia		Total
Simulations Plus, Inc.	$	7,856	$	4,964	$	4,733	$	17,553
Cognigen Corporation		7,857		–		–		7,857
DILIsym Services, Inc.		3,163		312		782		4,257
Lixoft*		–		–		–		–
Total	$	18,876	$	5,276	$	5,515	$	29,667

*Lixoft was acquired on April 1, 2020.