Annual report pursuant to Section 13 and 15(d)

Commitments

v3.22.2.2
Commitments
12 Months Ended
Jul. 31, 2022
Contingencies [Abstract]  
Commitments

Note 14 - Commitments

 

Leases

 

A related party entity owned by a director and a former executive officer of the Company owns the building that the Company leases as its main facility for clinical laboratory operations and certain research operations. In addition to the minimum annual rentals of space, the lease is subject to annual increases, based on the consumer price index. Annual increases are limited to 3% per

 

year. Rent expense for this lease, inclusive of real estate taxes, approximated $1,867, $1,815 and $1,833 during fiscal years 2022, 2021 and 2020, respectively.