Quarterly report pursuant to Section 13 or 15(d)

Warrant Liabilities (Details Narrative)

v3.10.0.1
Warrant Liabilities (Details Narrative)
$ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 26, 2016
shares
Oct. 02, 2016
USD ($)
Jul. 01, 2018
USD ($)
Jul. 02, 2017
USD ($)
Jul. 01, 2018
USD ($)
shares
Jul. 02, 2017
USD ($)
Oct. 01, 2017
USD ($)
(Gain) Loss on Change in Fair Value of Warrants | $     $ (4) $ 1,024 $ (2,010) $ 666  
Warrant [Member]              
Number of shares issued 4,125,200            
(Gain) Loss on Change in Fair Value of Warrants | $   $ (739)     $ (2,010)   $ 489
Implied volatility rate         47.65%    
Remaining term of warrants         1 year 10 months 24 days    
Warrant [Member] | Excise Price [Member]              
Fair value measurement input [2] 1.5 [1] 1.5 [1] 1.5 [3]   1.5 [3]   1.5 [1]
Warrant [Member] | Volatility (annual) [Member]              
Fair value measurement input [1],[3] 246.44 [2] 242.17 61.85   61.85   179.36
Warrant [Member] | Time to Maturity (Years) [Member]              
Time to Maturity (Years) 5 years [1],[2] 4 years 10 months 24 days [1] 3 years 2 months 12 days [3]   3 years 2 months 12 days [3]   3 years 10 months 24 days [1]
Warrant [Member] | Maximum [Member]              
Number of average shares traded daily         24,711    
Warrant [Member] | Minimum [Member]              
Number of average shares traded daily         8,556    
[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 terms provided in the warrant agreement to purchase common stock of Optex Systems Holdings, Inc. dated August 26, 2016.
[3] 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.