Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.10.0.1
Property and Equipment
 12 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 — Property and Equipment

 

A summary of property and equipment at September 30, 2018 and October 1, 2017 is as follows:

 

        (Thousands)  
    Estimated Useful Life   Year Ended
September 30, 2018		     Year Ended
October 1, 2017		  
Property and Equipment                    
Furniture and Fixtures   3-5yrs   $ 378     $ 368  
Machinery and Equipment   5 yrs     3,521       3,364  
Leasehold Improvements   7 yrs     276       276  
Less: Accumulated Depreciation         (2,875 )     (2,548 )
Net Property & Equipment       $ 1,300     $ 1,460  
                     
Depreciation Expense       $ 327     $ 337  

 

During the twelve months ended September 30, 2018, Optex Systems Holdings’ purchased $10 thousand and $157 thousand in new furniture and fixtures and new machinery and equipment, respectively. There were no sales or retirements of property and equipment during the twelve month period.