ACQUISITION/MERGER WITH SUBSIDIARIES (Tables)

12 Months Ended

Aug. 31, 2020

Business Combinations [Abstract]

Allocation of purchase price

Assets acquired, Including cash of $3,799,134 and accounts receivable of $629,481	$	5,006,892
Developed Technologies Acquired		8,010,000
Estimated value of Intangibles assets acquired (Customer Lists, trade name etc.)		4,160,000
Estimated Goodwill acquired		2,533,987
Liabilities Assumed		(1,117,519	)
Total Consideration	$	18,593,360

Schedule of statement of income

	(Pro forma)		(Pro forma)		(Pro forma)
	2020*		2019		2018
	(in thousands)		(in thousands)		(in thousands)
	(unaudited)		(unaudited)		(unaudited)
Net Sales	$	43,970	$	36,918	$	31,891
Net Income	$	10,630	$	9,250	$	9,132

*Balances include five months actual results for Lixoft.