| Schedule of information for each of the reportable segments profit or loss as well as segment assets for each year |
The
financial table below presents the information for each of the reportable segments profit or loss as well as segment assets for
each year. Optex Systems Holdings, Inc. does not allocate interest expense, income taxes or unusual items to segments.
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|
Reportable
Segment Financial Information
(thousands) |
|
| |
|
|
|
|
|
|
|
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|
Twelve
months ending October 2, 2016 (Restated) |
|
| |
|
Optex
Systems
Richardson |
|
|
Applied
Optics Center
Dallas |
|
|
Other
(non allocated costs
and intersegment
eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues
from external customers |
|
$ |
11,052 |
|
|
$ |
6,227 |
|
|
$ |
- |
|
|
$ |
17,279 |
|
| Intersegment
revenues |
|
|
- |
|
|
|
1,892 |
|
|
|
(1,892 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
11,052 |
|
|
$ |
8,119 |
|
|
$ |
(1,892 |
) |
|
$ |
17,279 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
36 |
|
|
$ |
36 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
73 |
|
|
$ |
272 |
|
|
$ |
- |
|
|
$ |
345 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) before
taxes |
|
$ |
145 |
|
|
$ |
(345 |
) |
|
$ |
(8 |
) |
|
$ |
(208 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash
items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated
home office expense |
|
$ |
(728 |
) |
|
$ |
728 |
|
|
$ |
- |
|
|
$ |
- |
|
| Stock
compensation expense |
|
$ |
192 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
192 |
|
| Royalty
expense amortization |
|
$ |
30 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
30 |
|
| Provision
for (use of) contract loss reserves |
|
$ |
- |
|
|
$ |
(54 |
) |
|
$ |
- |
|
|
$ |
(54 |
) |
| (Gain)
on change in fair value of warrant liability |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(739 |
) |
|
$ |
(739 |
) |
| Warrants
issued for underwriter expenses |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
156 |
|
|
|
156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
8,861 |
|
|
$ |
3,900 |
|
|
$ |
- |
|
|
$ |
12,761 |
|
| Expenditures for segment
assets |
|
$ |
(16 |
) |
|
$ |
(18 |
) |
|
$ |
- |
|
|
$ |
(34 |
) |
| |
|
Reportable
Segment Financial Information
(thousands) |
|
| |
|
|
|
|
|
|
|
|
|
|
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|
| |
|
Twelve
months ending September 27, 2015 |
|
| |
|
Optex
Systems
Richardson |
|
|
Applied
Optics Center
Dallas (1) |
|
|
Other
(non allocated costs
and intersegment
eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues
from external customers |
|
$ |
8,172 |
|
|
$ |
4,831 |
|
|
$ |
- |
|
|
$ |
13,003 |
|
| Intersegment
revenues |
|
|
- |
|
|
|
526 |
|
|
|
(526 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
8,172 |
|
|
$ |
5,357 |
|
|
$ |
(526 |
) |
|
$ |
13,003 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
179 |
|
|
$ |
179 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
88 |
|
|
$ |
246 |
|
|
$ |
- |
|
|
$ |
334 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (Loss) before
taxes |
|
$ |
(431 |
) |
|
$ |
1,101 |
|
|
$ |
(179 |
) |
|
$ |
491 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash
items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated
home office expense |
|
$ |
(387 |
) |
|
$ |
387 |
|
|
$ |
- |
|
|
$ |
- |
|
| (Gain)
on purchased asset - AOC |
|
$ |
- |
|
|
$ |
(2,110 |
) |
|
$ |
- |
|
|
$ |
(2,110 |
) |
| Amortization
of intangible assets |
|
$ |
- |
|
|
$ |
342 |
|
|
$ |
- |
|
|
$ |
342 |
|
| Stock
option compensation expense |
|
$ |
140 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
140 |
|
| Provision
for excess & obsolete inventories |
|
$ |
132 |
|
|
$ |
115 |
|
|
$ |
- |
|
|
$ |
247 |
|
| Royalty
expense amortization |
|
$ |
30 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
30 |
|
| Provision
for (use of) contract loss reserves |
|
$ |
(11 |
) |
|
$ |
54 |
|
|
$ |
- |
|
|
$ |
43 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
7,537 |
|
|
$ |
4,009 |
|
|
$ |
- |
|
|
$ |
11,546 |
|
| Expenditures for segment
assets |
|
$ |
30 |
|
|
$ |
2,070 |
|
|
$ |
- |
|
|
$ |
2,100 |
|
(1)
The Applied Optics Center was acquired on November 3, 2014.
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