Annual report pursuant to Section 13 and 15(d)

Supplemental disclosure for statement of cash flows

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Supplemental disclosure for statement of cash flows
12 Months Ended
Jul. 31, 2015
Supplemental Cash Flow Elements [Abstract]  
Cash Flow, Supplemental Disclosures [Text Block]

Note 3 - Supplemental disclosure for statement of cash flows


In the years ended July 31, 2015, 2014, and 2013, income taxes paid by the Company approximated $115, $44, and $46 respectively.


In the years ended July 31, 2015, 2014, and 2013, interest paid by the Company approximated $206, $208, and $69 respectively.


During fiscal 2015, 2014 and 2013, the Company financed $346, $392 and $365, respectively, in machinery and transportation equipment under installment loans.


During fiscal 2015, the Company entered into a capital lease agreements with a cost basis of $155. During fiscal 2014, the Company did not enter into any capital lease agreements. During fiscal 2013, the Company entered into a capital lease for machinery and equipment with a cost basis of $765.


During fiscal 2015 and 2014, the Company recorded $45 and $136, respectively, in additional paid in capital and reduced accrued liabilities by the same amount for options issued in lieu of cash payment of certain incentive compensation awards.