Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

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Commitments and Contingencies
 3 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 4 - Commitments and Contingencies

 

Rental Payments under Non-cancellable Operating Leases

 

As of December 31, 2017, the remaining minimum lease and estimated adjusted common area maintenance (CAM) payments under the non-cancelable office and facility space leases are as follows:

 

Non-cancellable Operating Leases Minimum Payments

 

    (Thousands)        
     

Optex Systems 

Richardson 

     Applied Optics Center
Dallas		          
Fiscal Year     Lease
Payments		     CAM
Estimate		     Lease
Payments		     CAM
Estimate		     Total
Payments		  
2018     $ 205     $ 81     $ 180     $ 45     $ 511  
2019       281       110       248       61       700  
2020       291       112       255       62       720  
2021       147       57       262       63       529  
2022       —       —       22       5       27  
Total minimum lease payments     $ 924     $ 360     $ 967     $ 236     $ 2,487  

 

Total facilities rental and CAM expense for both facility lease agreements as of the three months ended December 31, 2017 was $168 thousand. Total expense under facility lease agreements as of the three months ended January 1, 2017 was $166 thousand.

 

As of December 31, 2017 the unamortized deferred rent was $121 thousand as compared to $123 thousand as of October 1, 2017. Deferred rent expense is amortized monthly over the life of the lease.