Quarterly report pursuant to Section 13 or 15(d)

Other Liabilities

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Other Liabilities
6 Months Ended
Jan. 31, 2013
Other Liabilities Disclosure [Text Block]

Note 7 – Other Liabilities


Other liabilities consist of the following as of:


    January 31,
2013
    July 31,
2012
 
Capital lease obligations, net of short term   $ 608     $  
Installment loans, net of short term     157       128  
    $ 765     $ 128  

During the six months ended January 31, 2013, the Company entered into a five year capital lease arrangement for lab equipment aggregating $768 and into various installment loans for transportation equipment aggregating $115 for the Clinical Labs segment. Future minimum payments under the capital lease net of interest of $109 aggregates $757, including a short term debt portion of $149 included in other current liabilities. Future minimum payments over thirty six months under the installment loans aggregate $289, including a short term portion of $132 included in other current liabilities.