Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

v3.23.1
Accrued Liabilities
9 Months Ended
Apr. 30, 2023
Payables and Accruals [Abstract]  
Accrued Liabilities

Note 9 – Accrued Liabilities

 

Accrued liabilities consist of:   April 30,
2023
    July 31,
2022
 
Payroll, benefits, and commissions   $ 3,970     $ 4,912  
Professional fees     1,104       801  
Legal     7,154       4,523  
Other     5,266       2,064  
    $ 17,494     $ 12,300  

 

Self-Insured Medical Plan

 

The Company self-funds medical insurance coverage for certain of its U.S. based employees. The risk to the Company is believed to be limited through the use of individual and aggregate stop loss insurance. As of April 30, 2023 and July 31, 2022, the Company has established a reserve of $290 and $260, respectively which is included in accrued liabilities for payroll, benefits and commissions, for claims that have been reported but not paid and for claims that have been incurred but not reported. The reserve is based upon the Company’s historical payment trends, claim history and current estimates.