ACQUISITION (Tables)

9 Months Ended

May 31, 2021

Business Combination and Asset Acquisition [Abstract]

Allocation of purchase price

(in thousands)
Assets acquired, including cash of $3,799 and accounts receivable of $629	$	5,007
Developed technologies acquired		8,010
Estimated value of intangible assets acquired (customer lists, trade name etc.)		4,160
Estimated goodwill acquired		2,534
Liabilities assumed		(1,118	)
Total consideration	$	18,593

Schedule of Pro Forma Information

	(Unaudited)				(Unaudited)
(in thousands)	For the three months ended				For the nine months ended
	(Actual)		(Pro forma)*		(Actual)		(Pro forma)*
	May 31, 2021		May 31, 2020		May 31, 2021		May 31, 2020
Revenue	$	12,777	$	12,422	$	36,625	$	34,430
Net Income	$	3,787	$	3,565	$	9,477	$	8,442

*Balance includes two months of actual results for Lixoft.