Quarterly report pursuant to Section 13 or 15(d)

Other Liabilities

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Other Liabilities
9 Months Ended
Apr. 30, 2013
Other Liabilities Disclosure [Text Block]

Note 6 – Other Liabilities


Other liabilities consist of the following as of:


    April 30,
2013
    July 31,
2012
 
Capital lease obligations, net of short term   $ 540     $  
Installment loans, net of short term     263       128  
    $ 803     $ 128  

During the nine months ended April 30, 2013, the Company entered into a five year capital lease arrangement for lab equipment aggregating $768 and into various installment loans for lab and transportation equipment aggregating $288 for the Clinical Labs segment. Future minimum payments under the capital lease net of interest of $89 aggregates $689, including a short term debt portion of $149 included in other current liabilities. Future minimum payments under the installment loans aggregate $427, including a short term portion of $164 included in other current liabilities.