Quarterly report pursuant to Section 13 or 15(d)

Other Liabilities

v2.4.0.6
Other Liabilities
3 Months Ended
Oct. 31, 2012
Other Liabilities Disclosure [Text Block]

Note 7 – Other Liabilities


Other liabilities consist of the following as of:


 

 

 

 

 

 

 

 

 

 

October 31,
2012

 

July 31,
2012

 

 

 

 

 

 

 

Capital lease obligations, net of short term

 

$

619

 

$

 

Installment loans, net of short term

 

 

100

 

 

128

 

 

 

   

 

   

 

 

 

$

719

 

$

128

 

 

 

   

 

   

 


During the three months ended October 31, 2012, the Company entered into a five year capital lease arrangement for lab equipment aggregating $768 for the clinical labs segment. Future minimum annual payments under the capital lease net of interest of $76 aggregates $768, including a short term debt portion of $149 included in other current liabilities.