|
Stock Based Compensation (Tables)
|
3 Months Ended |
|
Dec. 30, 2012
|
| Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] |
|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block] |
Optex Systems Holdings has granted stock options to officers and employees as follows:
| Date of |
|
Shares |
|
|
Exercise |
|
|
Shares Outstanding |
|
|
Expiration |
|
|
Vesting |
|
| Grant |
|
Granted |
|
|
Price |
|
|
As of 12/30/12 |
|
|
Date |
|
|
Date |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 03/30/09 |
|
|
480,981 |
|
|
$ |
0.15 |
|
|
|
480,981 |
|
|
|
03/29/2016 |
|
|
|
03/30/2010 |
|
| 03/30/09 |
|
|
466,834 |
|
|
$ |
0.15 |
|
|
|
466,834 |
|
|
|
03/29/2016 |
|
|
|
03/30/2011 |
|
| 03/30/09 |
|
|
466,834 |
|
|
$ |
0.15 |
|
|
|
466,834 |
|
|
|
03/29/2016 |
|
|
|
03/30/2012 |
|
| 05/14/09 |
|
|
316,750 |
|
|
$ |
0.15 |
|
|
|
275,750
|
|
|
|
05/13/2016 |
|
|
|
05/14/2010 |
|
| 05/14/09 |
|
|
316,750 |
|
|
$ |
0.15 |
|
|
|
275,750 |
|
|
|
05/13/2016 |
|
|
|
05/14/2011 |
|
| 05/14/09 |
|
|
316,750 |
|
|
$ |
0.15 |
|
|
|
275,750 |
|
|
|
05/13/2016 |
|
|
|
05/14/2012 |
|
| 05/14/09 |
|
|
316,750 |
|
|
$ |
0.15 |
|
|
|
275,750 |
|
|
|
05/13/2016 |
|
|
|
05/14/2013 |
|
| 12/09/11 |
|
|
11,517,500 |
|
|
$ |
0.01 |
|
|
|
11,490,000 |
|
|
|
12/08/2018 |
|
|
|
12/08/2012 |
|
| 12/09/11 |
|
|
11,517,500 |
|
|
$ |
0.01 |
|
|
|
11,490,000 |
|
|
|
12/08/2018 |
|
|
|
12/08/2013 |
|
| 12/09/11 |
|
|
11,517,500 |
|
|
$ |
0.01 |
|
|
|
11,490,000 |
|
|
|
12/08/2018 |
|
|
|
12/08/2014 |
|
| 12/09/11 |
|
|
11,517,500 |
|
|
$ |
0.01 |
|
|
|
11,490,000 |
|
|
|
12/08/2018 |
|
|
|
12/08/2015 |
|
| Total |
|
|
48,751,649 |
|
|
|
|
|
|
|
48,477,649 |
|
|
|
|
|
|
|
|
|
|
| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
The following table summarizes the status of Optex Systems Holdings’ aggregate stock options granted under the incentive stock option plan:
| |
|
Number |
|
|
Weighted |
|
|
|
|
|
|
|
| |
|
of Shares |
|
|
Average |
|
|
Weighted |
|
|
Aggregate |
|
| |
|
Remaining |
|
|
Fair |
|
|
Average |
|
|
Value |
|
| Subject to Exercise |
|
Options |
|
|
Value |
|
|
Life (Years) |
|
|
(Thousands) |
|
| Outstanding as of October 2, 2011 |
|
|
2,527,649 |
|
|
$ |
— |
|
|
|
3.38 |
|
|
|
— |
|
| Granted – 2012 |
|
|
46,070,000 |
|
|
$ |
0.01 |
|
|
|
5.94 |
|
|
$ |
322 |
|
| Forfeited – 2012 |
|
|
(120,000 |
) |
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2012 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of September 30, 2012 |
|
|
48,477,649 |
|
|
$ |
— |
|
|
|
4.56 |
|
|
|
— |
|
| Granted – 2013 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited – 2013 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2013 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of December 30, 2012 |
|
|
48,477,649 |
|
|
$ |
— |
|
|
|
4.31 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of September 30, 2012 |
|
|
2,241,899 |
|
|
$ |
— |
|
|
|
1.95 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of December 30, 2012 |
|
|
2,241,899 |
|
|
$ |
— |
|
|
|
3.16 |
|
|
$ |
— |
|
|
| Schedule Of Share-Based Compensation,Aggregate Non-Vested Shares Granted Stock Options, Activity [Table Text Block] |
The following table summarizes the status of Optex Systems Holdings’ aggregate non-vested shares granted under the 2009 Stock Option Plan:
| |
|
Number of
Non-
vested
Shares
Subject to
Options |
|
|
Weighted-
Average
Grant-
Date
Fair Value |
|
| Non-vested as of October 2, 2011 |
|
|
1,023,334 |
|
|
$ |
0.15 |
|
| Non-vested granted — year ended September 30, 2012 |
|
|
46,070,000 |
|
|
$ |
0.01 |
|
| Vested — year ended September 30, 2012 |
|
|
(737,584 |
) |
|
$ |
.12 |
|
| Forfeited — year ended September 30, 2012 |
|
|
(120,000 |
) |
|
$ |
.01 |
|
| Non-vested as of September 30, 2012 |
|
|
46,235,750 |
|
|
$ |
0.01 |
|
| Non-vested granted — three months ended December 30, 2012 |
|
|
— |
|
|
$ |
— |
|
| Vested — three months ended December 30, 2012 |
|
|
(11,490,000 |
) |
|
$ |
0.01 |
|
| Forfeited — three months ended December 30, 2012 |
|
|
— |
|
|
$ |
— |
|
| Non-vested as of December 30, 2012 |
|
|
34,745,750 |
|
|
$ |
0.01 |
|
|
| Schedule Of Share-Based Compensation, Warrants, Activity [Table Text Block] |
As of December 30, 2012, Optex Systems Holdings had the following warrants outstanding:
| |
|
Grant Date |
|
Warrants
Granted
|
|
|
Exercise
Price
|
|
|
Outstanding as of
12/30/12
|
|
Expiration
Date
|
|
Term |
| Private Placement Stock Holders |
|
3/30/2009 |
|
|
8,131,667 |
|
|
$ |
0.450 |
|
|
|
2,730,000 |
|
3/29/2014 |
|
5 years |
| Finder Fee on Private Placement |
|
3/30/2009 |
|
|
717,000 |
|
|
$ |
0.165 |
|
|
|
717,000 |
|
3/29/2014 |
|
5 years |
| Longview Fund Allonge Agreement |
|
1/5/2010 |
|
|
100,000 |
|
|
$ |
0.150 |
|
|
|
100,000 |
|
1/4/2013 |
|
3 years |
| Avidbank- Line of Credit |
|
3/4/2010 |
|
|
1,000,000 |
|
|
$ |
0.100 |
|
|
|
1,000,000 |
|
3/3/2016 |
|
6 years |
| Total Warrants |
|
|
|
|
9,948,667 |
|
|
|
|
|
|
|
4,547,000 |
|
|
|
|
|