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Commitments and Contingencies
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Jan. 01, 2012
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| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Text Block] | Note 3 - Commitments and Contingencies
Leases
Pursuant to a lease amendment effective January 4, 2010, Optex Systems Holdings leases its office and manufacturing facilities under a non-cancellable operating lease expiring July 31, 2015, in addition to maintaining several non-cancellable operating leases for office and manufacturing equipment. Total expense under facility lease agreements as of the three months ended January 1, 2012 was $73 thousand, and total expense for manufacturing and office equipment was $4 thousand. Total expense under facility lease agreements for the three months ended January 2, 2011 was $71 thousand. Total expense for manufacturing and office equipment for the three months ended January 2, 2011 was $9 thousand.
As of January 1, 2012, the remaining minimum lease payments under the non-cancelable operating leases for equipment, office and facility space are as follows:
Pursuant to the terms of the amendment to the facilities lease, there was no base rent payment due from January 1, 2010 through July 31, 2010, and the total value of this rent abatement was $134 thousand. The value of the deferred rent expense will be amortized monthly at a rate of $2 thousand per month over the life of the lease. The total unamortized deferred rent as of January 1, 2012 was $86 thousand. Commencing on August 1, 2010, the base rent payment was $19 thousand per month. |
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