Attached files
| file | filename |
|---|---|
| EX-99.3 - UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS - Simulations Plus, Inc. | simulations_8ka-ex9903.htm |
| EX-99.1 - THE AUDITED FINANCIAL STATEMENTS OF DILISYM SERVICES, INC., AS OF DECEMBER 31, 2 - Simulations Plus, Inc. | simulations_8ka-ex9901.htm |
| EX-23.1 - CONSENT - Simulations Plus, Inc. | simulations_8ka-ex2301.htm |
| 8-K/A - FORM 8-K AMENDMENT - Simulations Plus, Inc. | simulations_8ka.htm |
Exhibit 99.2
DILIsym Services, Inc.
Financial Statements
Unaudited Balance Sheet of DILIsym Services, Inc. as of May 31, 2017
and
Unaudited Statements of Operations for the Five Months ended May 31, 2017 and 2016.
| 1 |
DILIsym Services Inc.
Balance sheet
May 31, 2017
(Unaudited)
| ASSETS | ||||
| Current assets | ||||
| Cash and cash equivalents | $ | 1,726,115 | ||
| Accounts receivable, net | 254,976 | |||
| Prepaid expenses and other current assets | 23,351 | |||
| Deferred income taxes | 63,032 | |||
| Total current assets | 2,067,474 | |||
| Long-term assets | ||||
| Capitalized computer software development costs, net of accumulated amortization | 7,729 | |||
| Property and equipment, net | 10,237 | |||
| Intellectual property, net of accumulated amortization | 143,207 | |||
| Total assets | $ | 2,228,647 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities | ||||
| Accounts payable | $ | 23,744 | ||
| Accrued payroll and other expenses | 101,375 | |||
| Deferred revenue | 1,120,617 | |||
| Total current liabilities | 1,245,736 | |||
| Commitments and contingencies | ||||
| Shareholders' equity | ||||
| Common stock, $0.0001 par value | 776 | |||
| Additional paid-in capital | 15,788 | |||
| Treasury stock | (300,000 | ) | ||
| Retained earnings | 1,266,347 | |||
| Total shareholders' equity | 982,911 | |||
| Total liabilities and shareholders' equity | $ | 2,228,647 |
| 2 |
DILIsym Services Inc.
Statements of Operations
For the five months ended May 31, 2017 and 2016
(Unaudited)
| 2017 | 2016 | |||||||
| Net revenues | $ | 1,849,418 | $ | 1,498,113 | ||||
| Cost of revenues | 650,406 | 354,154 | ||||||
| Gross profit | 1,199,012 | 1,143,959 | ||||||
| Operating expenses | ||||||||
| Selling, general, and administrative | 505,183 | 250,255 | ||||||
| Research and development | 201,557 | 184,879 | ||||||
| Total operating expenses | 706,740 | 435,134 | ||||||
| Income from operations | 492,272 | 708,825 | ||||||
| Other income (expense) | ||||||||
| Interest income | 106 | 41 | ||||||
| Interest expense | – | (720 | ) | |||||
| Total other income (expense) | 106 | (679 | ) | |||||
| Income before income taxes | 492,378 | 708,146 | ||||||
| Provision for income taxes | (178,668 | ) | (269,095 | ) | ||||
| Net Income | $ | 313,710 | $ | 439,051 | ||||
| 3 |