Stock Based Compensation (Tables)
|
12 Months Ended |
Sep. 30, 2018 |
|---|
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
|
| Schedule of stock options granted to officers and employees |
As of September 30, 2018, Optex Systems Holdings has granted stock options to officers
and employees as follows:
| Date
of |
|
Options |
|
|
Exercise |
|
|
Options
Outstanding |
|
|
Expiration |
|
Vesting |
| Grant |
|
Granted |
|
|
Price |
|
|
As
of 09/30/18 |
|
|
Date |
|
Period |
| 12/09/11 |
|
|
46,070 |
|
|
$ |
10.00 |
|
|
|
34,980 |
|
|
12/08/2018 |
|
4 years |
| 12/19/13 |
|
|
25,000 |
|
|
$ |
10.00 |
|
|
|
25,000 |
|
|
12/18/2020 |
|
4 years |
| Total |
|
|
71,070 |
|
|
|
|
|
|
|
59,980 |
|
| Schedule of aggregate stock options granted under the incentive stock option plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate stock options granted under the incentive stock
option plan:
| |
|
|
|
|
Weighted |
|
|
|
|
|
|
|
| |
|
Number
of |
|
|
Average |
|
|
Weighted |
|
|
Aggregate |
|
| |
|
Remaining |
|
|
Fair |
|
|
Average |
|
|
Value |
|
| Subject to Exercise |
|
Options |
|
|
Value |
|
|
Life
(Years) |
|
|
(Thousands) |
|
| Outstanding as of October
2, 2016 |
|
|
60,340 |
|
|
$ |
— |
|
|
|
3.02 |
|
|
$ |
— |
|
| Granted – 2017 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited – 2017 |
|
|
(330) |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2017 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of October 1, 2017 |
|
|
60,010 |
|
|
$ |
— |
|
|
|
2.03 |
|
|
$ |
— |
|
| Granted – 2018 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited – 2018 |
|
|
(30) |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised – 2018 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of September 30, 2018 |
|
|
59,980 |
|
|
$ |
— |
|
|
|
1.03 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of October 1, 2017 |
|
|
56,260 |
|
|
$ |
— |
|
|
|
1.95 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable as of September 30, 2018 |
|
|
59,980 |
|
|
$ |
— |
|
|
|
1.03 |
|
|
$ |
— |
|
|
| Schedule of aggregate non-vested shares granted under the 2009 Stock Option Plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate non-vested shares granted under the 2009 Stock
Option Plan:
| |
|
Number
of
Non-vested Options |
|
|
Weighted-
Average
Grant Date
Fair Value |
|
| Non-vested as of October
2, 2016 |
|
|
7,500 |
|
|
$ |
8.00 |
|
| Non-vested granted — year ended October
1, 2017 |
|
|
— |
|
|
|
— |
|
| Vested — year ended October 1, 2017 |
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — year ended October 1, 2017 |
|
|
— |
|
|
|
— |
|
| Non-vested as of October 1, 2017 |
|
|
3,750 |
|
|
$ |
8.00 |
|
| Non-vested granted — year ended September
30, 2018 |
|
|
— |
|
|
|
— |
|
| Vested — year ended September 30, 2018 |
|
|
(3,750 |
) |
|
|
8.00 |
|
| Forfeited — year ended September 30, 2018 |
|
|
— |
|
|
|
— |
|
| Non-vested as of September 30, 2018 |
|
|
-0- |
|
|
$ |
— |
|
| Schedule of aggregate non-vested restricted stock units granted under the Company's 2016 Restricted Stock Unit Plan |
The
following table summarizes the status of Optex Systems Holdings’ aggregate non-vested restricted stock units granted under
the Company’s 2016 Restricted Stock Unit Plan:
| |
|
|
Outstanding
Unvested RSU’s |
|
| Unvested as of October
2 ,2016 |
|
|
|
200,000 |
|
| Granted - year ended 2017 |
|
|
|
50,000 |
|
| Vested - year ended
2017 |
|
|
|
(68,000 |
) |
| Unvested as of October 1 ,2017 |
|
|
|
182,000 |
|
| Granted - year ended 2018 |
|
|
|
— |
|
| Vested - year ended
2018 |
|
|
|
(83,000 |
) |
| Unvested as
of September 30, 2018 |
|
|
|
99,000 |
|
|
| Schedule of compensation costs |
The recorded compensation
costs for options and shares granted and restricted stock units awarded as well as the unrecognized compensation costs are summarized
in the table below:
| |
|
Stock
Compensation |
|
| |
|
(thousands) |
|
| |
|
Recognized
Compensation Expense |
|
|
Unrecognized
Compensation Expense |
|
| |
|
Twelve
months ended |
|
|
As
of period ending |
|
| |
|
September
30, 2018 |
|
|
October
1, 2017 |
|
|
September
30, 2018 |
|
|
October
1, 2017 |
|
| Stock Options |
|
$ |
8 |
|
|
$ |
40 |
|
|
$ |
— |
|
|
$ |
8 |
|
| Restricted Stock Units |
|
|
145 |
|
|
|
133 |
|
|
|
49 |
|
|
|
194 |
|
| Consultant Shares
(IRTH) |
|
|
— |
|
|
|
47 |
|
|
|
— |
|
|
|
— |
|
| Total Stock
Compensation |
|
$ |
153 |
|
|
$ |
220 |
|
|
$ |
49 |
|
|
$ |
202 |
|
|