Segment Reporting (Tables)

6 Months Ended

Mar. 31, 2019

The Company does not allocate interest expense, income taxes or unusual items to segments.

	Reportable Segment Financial Information (thousands)
	Three months ended March 31, 2019
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	4,648		$	2,440	$	—		$	7,088
Intersegment revenues		—			395		(395	)		—
Total Revenue	$	4,648		$	2,835	$	(395	)	$	7,088

Interest expense	$	—		$	—	$	6		$	6

Depreciation and Amortization	$	7		$	77	$	—		$	84

Income (loss) before taxes	$	826		$	378	$	(1,960	)	$	(756	)

Other significant noncash items:
Allocated home office expense	$	(171	)	$	171	$	—		$	—
Loss on change in fair value of warrants	$	—		$	—	$	1,932		$	1,932
Stock compensation expense	$	—		$	—	$	22		$	22
Royalty expense amortization	$	8		$	—	$	—		$	8
Warranty Expense	$	—		$	38	$	—		$	38

Segment Assets	$	10,024		$	4,736	$	—		$	14,760
Expenditures for segment assets	$	—		$	78	$	—		$	78

	Reportable Segment Financial Information (thousands)
	Three months ended April 1, 2018
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	2,322		$	2,228	$	—		$	4,550
Intersegment revenues		—			457		(457	)		—
Total Revenue	$	2,322		$	2,685	$	(457	)	$	4,550

Interest expense	$	—		$	—	$	9		$	9

Depreciation and Amortization	$	8		$	71	$	—		$	79

Income before taxes	$	16		$	228	$	2,304		$	2,548

Other significant noncash items:
Allocated home office expense	$	(161	)	$	161	$	—		$	—
Gain on Change in Fair Value of Warrants	$	—		$	—	$	(2,350	)	$	(2,350	)
Stock option compensation expense	$	—		$	—	$	37		$	37
Royalty expense amortization	$	8		$	—	$	—		$	8
Warranty Expense	$	—		$	134	$	—		$	134

Segment Assets	$	8,703		$	3,987	$	—		$	12,690
Expenditures for segment assets	$	17		$	—	$	—		$	17

	Reportable Segment Financial Information (thousands)
	Six months ending March 31, 2019
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	8,477		$	4,502	$	—		$	12,979
Intersegment revenues		—			810		(810	)		—
Total Revenue	$	8,477		$	5,312	$	(810	)	$	12,979

Interest expense	$	—		$	—	$	12		$	12

Depreciation and Amortization	$	16		$	153	$	—		$	169

Income (Loss) before taxes	$	1,231		$	708	$	(617	)	$	1,322

Other significant noncash items:
Allocated home office expense	$	(341	)	$	341	$	—		$	—
Loss on change in fair value of warrants	$	—		$	—	$	547		$	547
Stock compensation expense	$	—		$	—	$	58		$	58
Royalty expense amortization	$	15		$	—	$	—		$	15
Warranty expense	$	—		$	17	$	—		$	17

Segment Assets	$	10,024		$	4,736	$	—		$	14,760
Expenditures for segment assets	$	4		$	92	$	—		$	96

	Reportable Segment Financial Information (thousands)
	Six months ending April 1, 2018
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	4,988		$	4,339	$	—		$	9,327
Intersegment revenues		—			829		(829	)		—
Total Revenue	$	4,988		$	5,168	$	(829	)	$	9,327

Interest expense	$	—		$	—	$	12		$	12

Depreciation and Amortization	$	19		$	142	$	—		$	161

Income before taxes	$	154		$	477	$	1,913		$	2,544

Other significant noncash items:
Allocated home office expense	$	(317	)	$	317	$	—		$	—
Gain on change in fair value of warrants	$	—		$	—	$	(2,006	)	$	(2,006	)
Stock option compensation expense	$	—		$	—	$	81		$	81
Royalty expense amortization	$	15		$	—	$	—		$	15
Warranty Expense	$	—		$	211	$	—		$	211

Segment Assets	$	8,703		$	3,987	$	—		$	12,690
Expenditures for segment assets	$	17		$	—	$	—		$	17