Annual report pursuant to Section 13 and 15(d)

Other liabilities

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Other liabilities
 12 Months Ended
Jul. 31, 2015
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract]  
Other Liabilities Disclosure [Text Block]

Note 9 - Other liabilities


At July 31 Other liabilities consist of:


    2015     2014  
Accrued legal settlement – see Note 14   $ 1,220     $ 1,600  
Capital lease obligation     210       344  
Installment loans     363       369  
    $ 1,793     $ 2,313  

The capital lease obligation and installment loans are for machinery and equipment used in the Clinical Labs segment. Amortization of the assets recorded under the capital lease is included in depreciation expense. At July 31, 2015, the accumulated amortization on the capital lease was $534.


Future minimum lease and loan payments are as follows:


    Capital lease     Installment
loans 		 
2016   $ 149     $ 331  
2017     195       267  
2018     15       96  
Payments net of interest     359       694  
Less: current portion     (149 )     (331 )
Other liabilities - net   $ 210     $ 363  

The weighted average interest rate on our short term borrowings during fiscal 2015 was 2.7%. The weighted average interest rate on our short term borrowings during fiscal 2014 was 2.87%.