Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Oct. 02, 2016

Stockholders' Equity Note [Abstract]

Schedule of changes to common shares and equity due to reverse stock split

The table below depicts the Optex Systems Holdings stock equity transactions and ending share balances by equity class for the twelve months ending September 27, 2015 and October 2, 2016, respectively.

	Optex Systems Holdings Inc. Stockholder Equity Shares Outstanding

	Common		Series A			Series B			Series C			Warrants
Shares outstandingSeptember 28, 2014 (post split)		310,867		1,001			-			-			-
Conversion of Notes to Series B Preferred shares June 28, 2015⁽¹⁾							1,000
Conversion of Series B Preferred shares May 27, 2015⁽²⁾		4,000		-			(6	)		-			-
Common shares outstanding as of September 27, 2015		314,867		1,001			994			-			-
Conversion of Series B Preferred shares October 23, 2015⁽³⁾		16,031		-			(25	)		-			-
Issuance of shares on December 8, 2015 for DTC roundup correction⁽⁴⁾		247		-			-			-			-
Conversion of Series A Preferred shares March 27, 2016^(5)(14)		1,250,000		(456	)		-			-			-
Issuance IRTH consulting common shares on April 29, 2016⁽⁶⁾		40,000		-			-			-			-
Conversion of Series B Preferred shares on July 6, 2016⁽⁷⁾		109,291		-			(167	)		-			-
Conversion of Series A Preferred shares on August 10, 2016⁽⁸⁾		25,000		(9	)		-			-			-
Public offering issuance of common stock on August 26, 2016⁽⁹⁾		2,291,900		-			-			400			3,958,700
Underwriter warrants issued with offering on August 26, 2016⁽¹⁰⁾		-		-			-			-			166,500
Redemption of Series A and Series B Preferred shares on August 26,2016⁽¹¹⁾		-		(66	)		(796	)		-			-
Conversion of Series A and Series B Preferred shares on August 26,2016⁽¹²⁾		2,698,431		(470	)		(6	)		-			-
Conversion of Series C Preferred shares on August 10, 2016⁽¹³⁾		166,667		-			-			(40	)		-
Additional shares issued on October 18, 2016 for downward price adjustment for previous converted 456 share Series A Preferred dated March 27, 2016^(14)(5)		1,354,167		-			-			-			-
Common shares outstanding as of October 2, 2016		8,266,601		-			-			360			4,125,200

Notes:

On June 28, 2015, the holders of the Company’s $1,560,000 principal amount of convertible promissory notes, issued on or about November 17, 2014, converted the entire principal amount thereof and all accrued and unpaid interest thereon, into 1,000 shares of the Company’s Series B Preferred Stock.

On May 27, 2015 a private investor converted $10 thousand, or 6 shares of the Series B preferred stock at a stated value of $1,629 per share, for 4,000 shares of common stock

On October 23, 2015 a private investor converted $40 thousand, or 25 shares of the Series B preferred stock at a stated value of $1,629 per share, for 16,031 shares of common stock.

On December 7, 2015, 247 common shares issued to certain beneficial holders to correct Depository Trust and Clearing Corporation (DTC) rounding errors occurring from the October 7, 2015 reverse split

On March 27, 2016, Sileas Corporation converted $3,125 thousand or 456 shares of the Series A preferred stock at a stated value of $6,860 per share, for 1,250,000 shares of common stock.

On April 29, 2016, Optex Systems Holdings, Inc. issued 40,000 common “restricted” shares at a market price of $2.35 per share ($94 thousand) in support of the IRTH Communications agreement (See note 12).

On July 6, 2016 a private investor converted $273 thousand, or 167 shares of the Series B preferred stock at a stated value of $1,629 per share, for 109,291 shares of common stock.

On August 10, 2016, a private investor converted $62.5 thousand, or 9 shares, of the Series A preferred stock at a stated value of $6860 per share for 25,000 shares of common stock.

On August 26, 2016, we consummated a public offering of 2,291,000 Class A units consisting of common stock and warrants and 400 Class B units consisting of shares of Series C convertible stock and warrants for a total gross purchase price of $4,750,280. The offering is comprised of Class A Units, priced at a public offering price of $1.20 per unit, with each unit consisting of one share of common stock and one five-year warrant to purchase one share of common stock with an exercise price of $1.50 per share (each, a "warrant"), and Class B Units, priced at a public offering price of $5,000 per unit, with each unit comprised of one share of preferred stock with a conversion price of $1.20 which is convertible into 4,167 shares of common stock and warrants to purchase 4,167 shares of common stock. The securities comprising the units are immediately separable and will be issued separately.

10.

On August 26, 2016, 166,500 five-year warrants to purchase one share of common stock with an exercise price of $1.50 per share were issued to the underwriter in connection with the offering.

11.

On August 26, 2016, 66 Series A and 796 preferred shares were redeemed for $1.75 million, as a condition of the offering.

12.

On August 26, 2016, 470 shares of Series A preferred stock at a stated value of $6,860 were converted for 2,689,729 shares of common stock and 6 shares of Series B preferred stock at a stated value of $1,629 were converted for 8,702 shares of common stock, for a total of 2,698,431 shares of common stock based on a conversion price of $1.20 per share, as a condition of the offering.

13.

On August 26, 2016, 28 shares of Series C preferred stock, and on August 29, 2016 12 shares of Series C preferred stock were converted at a stated value of $5000 per share, for a total value of $200 thousand, into 166,667 common shares at a per share conversion price of $1.20.

14.

Pursuant to a board of directors meeting held on August 4, 2016, 1,354,167 additional shares of common stock were issued to Sileas Corporation as a result of a downward price adjustment on the conversion rate of Series A preferred shares which was triggered by the August 26, 2016 public offering. The conversion price adjustment applied to 456 Series A preferred shares which had been previously converted on March 27, 2016. The conversion price was reset to the public offering price $1.20 per common share from the prior conversion price of $2.50 per common share. As a result of the adjustment the additional common shares were issued on October 18, 2016 and retroactively included in the ending outstanding shares as of October 2, 2016.