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ACQUISITION (Tables) | 9 Months Ended
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May 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Allocation of purchase price |
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 |
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.

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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