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.