RELATED PARTY TRANSACTIONS	12 Months Ended
Aug. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 – RELATED PARTY TRANSACTIONS On June 1, 2017 the Company acquired DILIsym Service, Inc. As part of that agreement the Company paid $1,704,000 to former shareholders of DILIsym Services, Inc. who are currently employees of the Consolidated Company. In addition, as part of the acquisition agreement the Company owes approximately $2,260,000 of acquisition liabilities at August 31, 2018 to the former shareholders who are still employees of the Consolidated Company. One of the former shareholders of DILIsym is currently a director of Simulations Plus, under the agreement he received approximately $29,000 and could receive up to approximately $30,000 in future earn-out payments. In September 2018, subsequent to year end under terms of the agreement the Company made payments in the amount of approximately $587,000 and $10,000, respectively to the employees and the current director. In fiscal year 2019, under terms of the agreement the Company made payments in the amount of approximately $1,599,534 and $27,312, respectively to the employees and the current director. In August 2020 the Company made final payments under the agreement in the amount of approximately $664,506 and $11,346, respectively to the employees and the current director. On April 1, 2020 the Company acquired Lixoft of Paris. As part of that agreement the Company paid $6,720,615 and issued stock with a value of $2,602,081 to former shareholders of Lixoft who are currently employees of the Consolidated Company. In addition, as part of the acquisition agreement the Company owes approximately $947,220 of acquisition liabilities at August 31, 2020 to the former shareholders who are still employees of the Consolidated Company.

RELATED PARTY TRANSACTIONS

12 Months Ended

Aug. 31, 2020

NOTE 12 – RELATED PARTY TRANSACTIONS

On June 1, 2017 the Company acquired DILIsym Service, Inc. As part of that agreement the Company paid $1,704,000 to former shareholders of DILIsym Services, Inc. who are currently employees of the Consolidated Company. In addition, as part of the acquisition agreement the Company owes approximately $2,260,000 of acquisition liabilities at August 31, 2018 to the former shareholders who are still employees of the Consolidated Company. One of the former shareholders of DILIsym is currently a director of Simulations Plus, under the agreement he received approximately $29,000 and could receive up to approximately $30,000 in future earn-out payments. In September 2018, subsequent to year end under terms of the agreement the Company made payments in the amount of approximately $587,000 and $10,000, respectively to the employees and the current director. In fiscal year 2019, under terms of the agreement the Company made payments in the amount of approximately $1,599,534 and $27,312, respectively to the employees and the current director. In August 2020 the Company made final payments under the agreement in the amount of approximately $664,506 and $11,346, respectively to the employees and the current director.

On April 1, 2020 the Company acquired Lixoft of Paris. As part of that agreement the Company paid $6,720,615 and issued stock with a value of $2,602,081 to former shareholders of Lixoft who are currently employees of the Consolidated Company. In addition, as part of the acquisition agreement the Company owes approximately $947,220 of acquisition liabilities at August 31, 2020 to the former shareholders who are still employees of the Consolidated Company.