Simulations Plus (SLP) 8-K/A Financial Statements and Exhibits

Exhibit 99.2

Lixoft

Balance sheet

March 31, 2020

(Unaudited)

in Euro  

ASSETS
Current assets
Cash and cash equivalents	€	3,444,365.00
Accounts receivable, net		506,191
Prepaid expenses and other current assets		207,660
Total current assets		4,158,216
Long-term assets
Property and equipment, net		28,687
Intellectual property, net of accumulated amortization		841,022
Other Intangible assets		38,500
Other assets		11,540
Total assets	€	5,077,965.00
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable	€	39,892.00
Accrued payroll and other expenses		451,497
Other Current Liabilities		82,042
Deferred revenue		1,631,150
Total current liabilities		2,204,581
Long-term liabilities		–
Commitments and contingencies
Shareholders' equity
Capital stock		12,738
Additional paid-in capital		121,524
Retained earnings		2,739,122
Total shareholders' equity		2,873,384
Total liabilities and shareholders' equity	€	5,077,965.00

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Lixoft

Statements of Operations

For the three months ended March 31, 2020 and 2019

(Unaudited)

in Euro

	2019			2020
Net revenues	€	555,977		€	761,677
Cost of revenues		–			182,648
Gross profit		555,977			579,029
Operating expenses
Selling, general, and administrative		358,310			793,936
Research and development		–			–
Total operating expenses		358,310			793,936
Income from operations		197,666			(214,908	)
Other income (expense)
Interest income (exp)		–			(1,665	)
Gain on currency exchange		(1,995	)		410
Total other income (expense)		(1,995	)		(1,255	)
Income before income taxes		195,671			(216,163	)
Provision(Benefit) for income taxes		(123,539	)		56,835
Net Income	€	319,210		€	(272,998	)

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