Supplemental disclosure for statement of cash flows

6 Months Ended

Jan. 31, 2018

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

Note 3 - Supplemental disclosure for statement of cash flows

For the six months ended January 31, 2018 and 2017, income taxes paid by the Company were $15 and $996, respectively. 

For the six months ended January 31, 2018 and 2017, interest paid by the Company was $45 and $77, respectively.

For the six months ended January 31, 2018 and 2017, the Company financed $0 and $69 respectively, in machinery and transportation equipment under installment loans. 

During the six months ended January 31, 2018 and 2017, the Company did not enter into any capital lease agreements.

During the six months ended January 31, 2018 certain officers of the Company exercised 340,898 stock options in non-cash transactions. The officers surrendered 106,911 shares of the Company’s common stock to exercise the stock options. The Company recorded approximately $1,014, the market value of the surrendered shares, as treasury stock.