ACQUISITION (Tables)

12 Months Ended

Aug. 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 statement of income

	(Actual)		(Pro forma)		(Pro forma)
	2021		2020*		2019
(in thousands)	(Audited)		(unaudited)		(unaudited)
Revenue	$	46,466	$	43,970	$	36,918
Net Income	$	9,782	$	10,630	$	9,250

* Balances include five months actual results for Lixoft.