Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Stockholders' Equity

v3.8.0.1
Consolidated Statement of Stockholders' Equity - USD ($)
$ in Thousands
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock Series C [Member]
Total
Balance at beginning at Sep. 27, 2015 $ 26,394 $ (18,236)     $ 8,158
Balance at beginning (in shares) at Sep. 27, 2015 314,867       1,001 994  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock Compensation Expense   192 192
Issue of Shares - DTC/CEDE fractional roundup correction for reverse split 12/8/15      
Issue of Shares - DTC/CEDE fractional roundup correction for reverse split 12/8/15 (in shares) 247        
Conversion of Preferred Series B (10/23/15)          
Conversion of Preferred Series B (10/23/15) (in shares) 16,031         (25)    
Conversion of Preferred Series A (3/27/16) $ 2   (2)    
Conversion of Preferred Series A (3/27/16) (in shares) 1,250,000       (456)      
Conversion of Preferred Series B (7/6/16)    
Conversion of Preferred Series B (7/6/16) (in shares) 109,291       (167)  
Conversion of Preferred Series A (8/10/16)    
Conversion of Preferred Series A (8/10/16) (in shares) 25,000       (9)    
Issue of Common Shares for Investor Relations (IRTH)          
Issue of Common Shares for Investor Relations (IRTH) (in shares) 40,000              
Issuance of Common Stock 8/26/2016 $ 2 4,748     4,750
Issuance of Common Stock 8/26/2016 (in shares) [1] 2,291,900       400  
Fees on Share Offering paid by Optex (45) (45)
Redemption of Series A & Series B Preferred Shares 8/26/2016   (1,751)       (1,751)
Redemption of Series A & Series B Preferred Shares 8/26/2016 (in shares) [2]       (66) (796)  
Conversion of Series A & Series B Preferred Shares 8/26/2016 $ 3   (3)      
Conversion of Series A & Series B Preferred Shares 8/26/2016 (in shares) 2,698,431       (470) (6)    
Fair Value of Warrants Issued in Offering 8/26/2016 (3,856) (3,856)
Conversions of Series C Preferred Shares    
Conversions of Series C Preferred Shares (in shares) 166,667       (40)  
Ratchet on Preferred Series A 3/27/16 Conversion (10/18/16) $ 1   (1)      
Ratchet on Preferred Series A 3/27/16 Conversion (10/18/16) (in shares) 1,354,167              
Beneficial Conversion Feature on Preferred Stock - Dividend/Premium 1,203 (1,203)
Net (loss) (208) (208)
Balance at end at Oct. 02, 2016 $ 8 26,879 (19,647)       7,240
Balance at end (in shares) at Oct. 02, 2016 8,266,601     360  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock Compensation Expense 220 220
Shares issued in settlement of 68,000 vested restricted stock units on 1/4/17, net of tax withheld shares of 22,201   (15)         (15)
Shares issued in settlement of 68,000 vested restricted stock units on 1/4/17, net of tax withheld shares of 22,201 (in shares) 45,799              
Return and cancellation of Sileas held Common Shares in exchange for Accounts Recievables due from Sileas   (155)         (155)
Return and cancellation of Sileas held Common Shares in exchange for Accounts Recievables due from Sileas (in shares) (197,299)              
Conversions of Series C Preferred Shares $ 1   (1)        
Conversions of Series C Preferred Shares (in shares) 775,000           (186)  
Stock Buyback and Cancellation $ (1)   (517)         (518)
Stock Buyback and Cancellation (in shares) (700,000)              
Declared Dividends       (522)       (522)
Net (loss)       (304)       (304)
Balance at end at Oct. 01, 2017 $ 8 $ 26,411 $ (20,473)       $ 5,946
Balance at end (in shares) at Oct. 01, 2017 8,190,101       174  
[1] 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. In connection with the offering, 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.
[2] On August 26, 2016, 66 Series A and 796 Series B preferred shares were redeemed for $1.75 million, as a condition of the public offering