Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies

v3.19.1
Commitments and Contingencies
6 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 4 - Commitments and Contingencies

 

Rental Payments under Non-cancellable Operating Leases

 

As of March 31, 2019, 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
 
2019   143     55     124     31     353  
2020     291       112       255       62       720  
2021     147       57       262       63       529  
2022                 22       5       27  
Total minimum lease payments   $ 581     $ 224     $ 663     $ 161     $ 1,629  

 

Total facilities rental and CAM expense for both facility lease agreements as of the three and six months ended March 31, 2019 was $175 and $347 thousand, respectively. Total expense under facility lease agreements as of the three and six months ended April 1, 2018 was $174 and $341 thousand, respectively.

 

As of March 31, 2019, the unamortized deferred rent was $100 thousand as compared to $111 thousand as of September 30, 2018. Deferred rent expense is amortized monthly over the life of the lease.