Quarterly report pursuant to Section 13 or 15(d)

Warrant Liabilities (Details 1)

v3.10.0.1
Warrant Liabilities (Details 1) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 02, 2016
Jul. 01, 2018
Jul. 02, 2017
Jul. 01, 2018
Jul. 02, 2017
Oct. 01, 2017
Aug. 26, 2016
Warrant Liability   $ 1,597   $ 1,597   $ 3,607  
(Gain) Loss on Change in Fair Value of Warrants   $ (4) $ 1,024 $ (2,010) $ 666    
Warrant [Member]              
Warrants Outstanding 4,125,200 4,125,200   4,125,200   4,125,200 4,125,200
Fair Value per Share $ 0.76 [1] $ 0.39 [2]   $ 0.39 [2]   $ 0.87 [1] $ 0.93 [1],[3]
Warrant Liability $ 3,118 $ 1,597   $ 1,597   $ 3,607 $ 3,857
(Gain) Loss on Change in Fair Value of Warrants $ (739)     $ (2,010)   $ 489  
[1] Based on the historical daily volatility of Optex Systems Holdings, Inc. for the term of the warrants as of August 26, 2016 and each presented period ending date through January 1, 2017. The original fair value calculations were derived using the Binomial model, however, the yielded results were consistent with fair market valuation using the Black Scholes Merton Option Pricing model for each of the respective periods.
[2] Based on the historical daily volatility of Optex Systems Holdings, Inc. from the consummation of the public raise on August 26, 2016 through the current presented measurement date. The company determined that the historical volatility prior to the August 26, 2016 public offering was not representative of the current market expectations due to the significant change in company capital structure and increase in public float shares (liquidity) arising from the common stock issued during the public offering and concurrent conversions of outstanding preferred shares into common stock. The fair value calculation was derived using the Black Scholes Merton Option Pricing model.
[3] Based on the terms provided in the warrant agreement to purchase common stock of Optex Systems Holdings, Inc. dated August 26, 2016.