XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.4

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
--- | ---
Nov. 30, 2022
Accounting Policies [Abstract] |
Disaggregation of Revenue | The components of disaggregation of revenue for the three months ended November 30, 2022 and 2021 were as follows:
|  | Three months ended November 30,
(in thousands) |  | 2022 |  | 2021 |  |
Software licenses |  |  |  |  |  |
Point in time |  | $ | 5,802 |  |  | $ | 7,107 |  |  |
Over time |  | 272 |  |  | 255 |  |  |
Services |  |  |  |  |  |
Over time |  | 5,890 |  |  | 5,055 |  |  |
Total revenue |  | $ | 11,964 |  |  | $ | 12,417 |  |  |
Schedule of Geographical Revenues | Geographical revenues for the three months ended November 30, 2022 and 2021 were as follows:
(in thousands) |  | Three Months Ended November 30,
|  | 2022 |  | 2021 |  |
|  | $ |  | % of total |  | $ |  | % of total |  |  |  |
Americas |  | $ | 8,500 |  |  | 71 | % |  | $ | 8,459 |  |  | 68 | % |  |  |  |
EMEA |  | 2,130 |  |  | 18 | % |  | 3,025 |  |  | 24 | % |  |  |  |
Asia Pacific |  | 1,334 |  |  | 11 | % |  | 933 |  |  | 8 | % |  |  |  |
Total |  | $ | 11,964 |  |  | 100 | % |  | $ | 12,417 |  |  | 100 | % |  |  |  |
Property and Equipment estimated useful lives | Depreciation and amortization are calculated using the straight-line method over the estimated useful lives as follows:
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
Lease, Cost | Supplemental balance sheet information related to operating leases was as follows as of November 30, 2022:
(in thousands) |  |
Right of use assets |  | $ | 1,305 |
Lease liabilities, current |  | $ | 448 |
Lease liabilities, long-term |  | $ | 844 |
Operating lease costs |  | $ | 126 |
Weighted-average remaining lease term |  | 2.80 years
Weighted-average discount rate |  | 3.41 | %
Schedule of Finite-Lived Intangible Assets | The following table summarizes other intangible assets as of November 30, 2022:
(in thousands) |  | Amortization Period |  | Acquisition value |  | Accumulated amortization |  | Net book value
Trade names |  | None |  | $ | 2,910 |  |  | $ | — |  |  | $ | 2,910 |
Covenants not to compete |  | Straight line 3 years |  | 60 |  |  | 53 |  |  | 7 |
Other internal use software |  | Straight line 3 to 5 years |  | 39 |  |  | 1 |  |  | 38 |
Customer relationships |  | Straight line 8 to 14 years |  | 4,450 |  |  | 1,528 |  |  | 2,922 |
ERP |  | Straight line 15 years |  | 1,702 |  |  | 109 |  |  | 1,593 |
|  |  |  | $ | 9,161 |  |  | $ | 1,691 |  |  | $ | 7,470 |
The following table summarizes other intangible assets as of August 31, 2022:
(in thousands) |  | Amortization Period |  | Acquisition value |  | Accumulated amortization |  | Net book value
Trade names |  | None |  | $ | 2,910 |  |  | $ | — |  |  | $ | 2,910 |
Covenants not to compete |  | Straight line 3 years |  | 60 |  |  | 48 |  |  | 12 |
Customer relationships |  | Straight line 8 to 14 years |  | 5,550 |  |  | 2,534 |  |  | 3,016 |
ERP |  | Straight line 15 years |  | 1,702 |  |  | 80 |  |  | 1,622 |
|  |  |  | $ | 10,222 |  |  | $ | 2,662 |  |  | $ | 7,560 |
Finite-lived Intangible Assets Amortization Expense | Future amortization of finite-lived intangible assets for the next five years is as follows:
(in thousands) |  |
Year ending August 31, |  | Amount
2023 |  | $ | 501 |
2024 |  | $ | 489 |
2025 |  | $ | 489 |
2026 |  | $ | 489 |
2027 |  | $ | 442 |
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis | The following table summarizes fair value measurements as of November 30, 2022, and August 31, 2022, for assets and liabilities measured at fair value on a recurring basis:
|  | November 30, 2022
(in thousands) |  | Level I |  | Level II |  | Level III |  | Total
Cash and cash equivalents |  | $ | 49,392 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,392 |
Short-term investments |  | $ | 82,139 |  |  | $ | — |  |  | $ | — |  |  | $ | 82,139 |
|  | August 31, 2022
(in thousands) |  | Level I |  | Level II |  | Level III |  | Total
Cash and cash equivalents |  | $ | 51,567 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,567 |
Short-term investments |  | $ | 76,668 |  |  | $ | — |  |  | $ | — |  |  | $ | 76,668 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table summarizes intellectual property as of November 30, 2022:
(in thousands) |  | Amortization Period |  | Acquisition Value |  | Accumulated Amortization |  | Net Book Value
Termination/nonassertion agreement-TSRL Inc. |  | Straight line 10 years |  | 6,000 |  |  | 5,125 |  |  | 875 |
Developed technologies–DILIsym acquisition |  | Straight line 9 years |  | 2,850 |  |  | 1,741 |  |  | 1,109 |
Intellectual rights of Entelos Holding Company |  | Straight line 10 years |  | 50 |  |  | 21 |  |  | 29 |
Developed technologies–Lixoft acquisition |  | Straight line 16 years |  | 8,010 |  |  | 1,314 |  |  | 6,696 |
|  |  |  | $ | 16,910 |  |  | $ | 8,201 |  |  | $ | 8,709 |
The following table summarizes intellectual property as of August 31, 2022:
(in thousands) |  | Amortization Period |  | Acquisition Value |  | Accumulated Amortization |  | Net Book Value
Royalty Agreement buy out-Enslein Research |  | Straight line 10 years |  | $ | 75 |  |  | $ | 75 |  |  | $ | — |
Termination/nonassertion agreement-TSRL Inc. |  | Straight line 10 years |  | 6,000 |  |  | 4,975 |  |  | 1,025 |
Developed technologies–DILIsym acquisition |  | Straight line 9 years |  | 2,850 |  |  | 1,662 |  |  | 1,188 |
Intellectual rights of Entelos Holding Company |  | Straight line 10 years |  | 50 |  |  | 20 |  |  | 30 |
Developed technologies–Lixoft acquisition |  | Straight line 16 years |  | 8,010 |  |  | 1,196 |  |  | 6,814 |
|  |  |  | $ | 16,985 |  |  | $ | 7,928 |  |  | $ | 9,057 |
Schedule of Future Amortization Expenses | Future amortization of intellectual property for the next five years is as follows:
(in thousands) |  |
Year ending August 31, |  | Amount
2023 |  | $ | 1,393 |
2024 |  | $ | 1,068 |
2025 |  | $ | 793 |
2026 |  | $ | 638 |
2027 |  | $ | 477 |
Schedule of Earnings Per Share, Basic and Diluted | The components of basic and diluted earnings per share for the three months ended November 30, 2022 and 2021 were as follows:
|  | Three Months Ended November 30,
(in thousands) |  | 2022 |  | 2021 |  |
Numerator |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 1,245 |  |  | $ | 3,026 |  |  |
Denominator |  |  |  |  |  |
Weighted-average number of common shares outstanding during the year |  | 20,286 |  |  | 20,150 |  |  |
Dilutive effect of stock options |  | 539 |  |  | 596 |  |  |
Common stock and common stock equivalents used for diluted earnings per share |  | 20,825 |  |  | 20,746 |  |  |

X
- Definition Property and Equipment estimated useful lives + References No definition available. + Details
Name: | simu_PropertyAndEquipmentEstimatedUsefulLivesTableTextBlock
Namespace Prefix: | simu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of future amortization expenses + References No definition available. + Details
Name: | simu_ScheduleOfFutureAmortizationExpensesTableTextBlock
Namespace Prefix: | simu_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration