SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Feb. 28, 2021

Accounting Policies [Abstract]

Property and Equipment estimated useful lives

Equipment	5 years
Computer equipment	3 to 7 years
Furniture and fixtures	5 to 7 years
Leasehold improvements	Shorter of life of asset or lease

Schedule of lease cost

(in thousands)
Right of use assets	$	1,532
Lease Liabilities, Current	$	469
Lease Liabilities, Long-term	$	1,064
Operating lease costs	$	314
Weighted Average remaining lease term		3.0 years
Weighted Average Discount rate		3.79%

Schedule of reconciliation of goodwill

(in thousands)	Cognigen		DILIsym		Lixoft		Total
Balance, August 31, 2020	$	4,789	$	5,598	$	2,534	$	12,921
Addition		–		–		–		–
Impairments		–		–		–		–
Balance, February 28, 2021	$	4,789	$	5,598	$	2,534	$	12,921

Schedule of fair value measurements

February 28, 2021:
(in thousands)	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	42,385	$	–	$	–	$	42,385
Short-term investments	$	75,367	$	–	$	–		75,367
Acquisition-related contingent consideration obligations	$	–	$	–	$	4,974	$	4,974

August 31, 2020:

(in thousands)	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	49,207	$	–	$	–	$	49,207
Short-term investments	$	66,804	$	–	$	–	$	66,804
Acquisition-related contingent consideration obligations	$	–	$	–	$	4,731	$	4,731

Reconciliation of contingent consideration value

(in thousands)
Value at August 31, 2020	$	4,731
Contingent consideration payments		–
Change in value of contingent consideration		243
Value at February 28, 2021	$	4,974

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The following table summarizes intellectual property as of February 28, 2021:
(in thousands)	Amortization Period	Acquisition Value		Accumulated Amortization		Net Book Value
Royalty Agreement buy out-Enslein Research	Straight line 10 years	$	75	$	67	$	8
Termination/nonassertion agreement-TSRL Inc.	Straight line 10 years		6,000		4,075		1,925
Developed technologies–DILIsym acquisition	Straight line 9 years		2,850		1,188		1,662
Intellectual rights of Entelos Holding Corp.	Straight line 10 years		50		12		38
Developed technologies–Lixoft acquisition	Straight line 16 years		8,010		459		7,551
		$	16,985	$	5,801	$	11,184

The following table summarizes intellectual property as of August 31, 2020:

(in thousands)	Amortization Period	Acquisition Value		Accumulated Amortization		Net Book Value
Royalty Agreement buy out-Enslein Research	Straight line 10 years	$	75	$	64	$	11
Termination/nonassertion agreement-TSRL Inc.	Straight line 10 years		6,000		3,775		2,225
Developed technologies–DILIsym acquisition	Straight line 9 years		2,850		1,029		1,821
Intellectual rights of Entelos Holding Corp.	Straight line 10 years		50		10		40
Developed technologies–Lixoft acquisition	Straight line 16 years		8,010		209		7,801
		$	16,985	$	5,087	$	11,898

Schedule of other intangible assets

The following table summarizes the Company’s other intangible assets as of February 28, 2021:
(in thousands)	Amortization Period	Acquisition Value		Accumulated Amortization		Net Book Value
Cognigen
Customer relationships	Straight line 8 years	$	1,100	$	894	$	206
Trade name	None		500		–		500
Covenants not to compete	Straight line 5 years		50		50		–
DILIsym
Customer relationships	Straight line 10 years		1,900		713		1,187
Trade name	None		860		–		860
Covenants not to compete	Straight line 4 years		80		75		5
Lixoft
Customer relationships	Straight line 14 years		2,550		167		2,383
Trade name	None		1,550		–		1,550
Covenants not to compete	Straight line 3 years		60		18		42
		$	8,650	$	1,917	$	6,733

The following table summarizes the Company’s other intangible assets as of August 31, 2020:

(in thousands)	Amortization Period	Acquisition Value		Accumulated Amortization		Net Book Value
Cognigen
Customer relationships	Straight line 8 years	$	1,100	$	825	$	275
Trade name	None		500		–		500
Covenants not to compete	Straight line 5 years		50		50		–
DILIsym
Customer relationships	Straight line 10 years		1,900		618		1,282
Trade name	None		860		–		860
Covenants not to compete	Straight line 4 years		80		65		15
Lixoft
Customer relationships	Straight line 14 years		2,550		76		2,474
Trade name	None		1,550		–		1,550
Covenants not to compete	Straight line 3 years		60		8		52
		$	8,650	$	1,642	$	7,008

Schedule of earnings per share

(in thousands)	Three Months ended				Six Months Ended
	2021		2020		2021		2020
Numerator:
Net income attributable to common shareholders	$	3,211	$	2,150	$	5,690	$	4,208
Denominator:
Weighted-average number of common shares outstanding during the period		20,006		17,638		19,968		17,624
Dilutive effect of stock options		836		678		818		682
Common stock and common stock equivalents used for diluted earnings per share		20,842		18,316		20,786		18,306