Note 8 – Accrued Liabilities, Other Current Liabilities and Other Liabilities

At July 31 accrued liabilities consist of:

At July 31 other current liabilities consist of:

Self-Insured Medical Plan

During Fiscal 2010, the Company began self-funding medical insurance coverage for certain of its U.S. based employees. The risk to the Company is being limited through the use of individual and aggregate stop loss insurance. As of July 31, 2012 and 2011, the Company has established a reserve of $0.4 million and $0.4 million which is included in accrued liabilities, for claims that have been reported but not paid and incurred but not reported. The reserve is based upon the Company’s historical payment trends, claim history and current estimates.

Installment Loans

The Company has installment loans outstanding for transportation and lab equipment aggregating $0.2 million at July 31, 2012, which bear interest at interest rates ranging from 0% to 4.82% per annum, and are secured by the underlying assets. The principal payments under the installment loans are as follows: 2013 - $0.1 million, included in Other Current Liabilities, and 2014 – $0.1 million and 2015 - $0.03 million totaling $0.2 million, included in Other Liabilities.