Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.19.2
Segment Reporting (Tables)
 9 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of Information for Each of the Reportable Segments Profit or Loss as Well as Segment Assets for Each Year

The financial tables below presents the information for each of the reportable segments profit or loss as well as segment assets for each year. The Company does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended June 30, 2019  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 3,571     $ 1,776     $ -     $ 5,347  
Intersegment revenues     -       622           (622 )     -  
Total Revenue   $ 3,571     $ 2,398     $ (622 )   $ 5,347  
                                 
Interest expense   $ -     $ -     $ 5     $ 5  
                                 
Depreciation and Amortization   $ 7     $ 79     $ -     $ 86  
                                 
Income before taxes   $ 95     $ 196     $ 50     $ 341  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (171 )   $ 171     $ -     $ -  
(Gain) on change in fair value of warrants   $ -     $ -     $ (81 )   $ (81 )
Stock compensation expense   $ -     $ -     $ 26     $ 26  
Royalty expense amortization   $ 8     $ -     $ -     $ 8  
Warranty Expense   $ -     $ 12     $ -     $ 12  
                                 
Segment Assets   $ 9,606     $ 4,545     $ -     $ 14,151  
Expenditures for segment assets   $ 39     $ 1     $ -     $ 40  

 

    Reportable Segment Financial Information
(thousands)		  
    Three months ended July 1, 2018  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 4,114     $ 2,010     $ -     $ 6,124  
Intersegment revenues     -       436              (436 )     -  
Total Revenue   $ 4,114     $ 2,446     $ (436 )   $ 6,124  
                                 
Interest expense   $ -     $ -     $ 4     $ 4  
                                 
Depreciation and Amortization   $ 9     $ 71     $ -     $ 80  
                                 
Income (Loss) before taxes   $ 558     $ 201     $ (36 )   $ 723  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (159 )   $ 159     $ -     $ -  
Gain on Change in Fair Value of Warrants   $ -     $ -     $ (4 )   $ (4 )
Stock option compensation expense   $ -     $ -     $ 36     $ 36  
Royalty expense amortization   $ 8     $ -     $ -     $ 8  
Warranty Expense   $ -     $ 62     $ -     $ 62  
                                 
Segment Assets   $ 9,145     $ 3,987     $ -     $ 13,132  
Expenditures for segment assets   $ 18     $ -     $ -     $ 18  

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended June 30, 2019  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 12,047     $ 6,278     $ -     $ 18,325  
Intersegment revenues     -       1,432       (1,432 )     -  
Total Revenue   $ 12,047     $ 7,710     $ (1,432 )   $ 18,325  
                                 
Interest expense   $ -     $ -     $ 17     $ 17  
                                 
Depreciation and Amortization   $ 23     $ 232     $ -     $ 255  
                                 
Income (Loss) before taxes   $ 1,326     $ 904     $ (566 )   $ 1,664  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (512 )   $ 512     $ -     $ -  
Loss on change in fair value of warrants   $ -     $ -     $ 465     $ 465  
Stock compensation expense   $ -     $ -     $ 84     $ 84  
Royalty expense amortization   $ 23     $ -     $ -     $ 23  
Warranty expense   $ -     $ 29     $ -     $ 29  
                                 
Segment Assets   $ 9,606     $ 4,545     $ -     $ 14,151  
Expenditures for segment assets   $ 43     $ 93     $ -     $ 136  

 

    Reportable Segment Financial Information
(thousands)		  
    Nine months ended July 1, 2018  
    Optex Systems
Richardson		     Applied Optics Center
Dallas		     Other
(non-allocated costs and intersegment eliminations)		     Consolidated
Total		  
                         
Revenues from external customers   $ 9,102     $ 6,349     $ -     $ 15,451  
Intersegment revenues     -       1,265       (1,265 )     -  
Total Revenue   $ 9,102     $ 7,614     $ (1,265 )   $ 15,451  
                                 
Interest expense   $ -     $ -     $ 16     $ 16  
                                 
Depreciation and Amortization   $ 27     $ 214     $ -     $ 241  
                                 
Income before taxes   $ 711     $ 679     $ 1,877     $ 3,267  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (476 )   $ 476     $ -     $ -  
Gain on change in fair value of warrants   $ -     $ -     $ (2,010 )   $ (2,010 )
Stock option compensation expense   $ -     $ -     $ 117     $ 117  
Royalty expense amortization   $ 22     $ -     $ -     $ 22  
Warranty Expense   $ -     $ 273     $ -     $ 273  
                                 
Segment Assets   $ 9,145     $ 3,987     $ -     $ 13,132  
Expenditures for segment assets   $ 35     $ -     $ -     $ 35