| Schedule of Segment Reporting Information |
The financial tables below present 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 December 27, 2020 |
|
| |
|
Optex Systems
Richardson |
|
|
Applied Optics Center
Dallas |
|
|
Other
(non-allocated costs and intersegment eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues from external customers |
|
$ |
3,029 |
|
|
$ |
1,442 |
|
|
$ |
- |
|
|
$ |
4,471 |
|
| Intersegment revenues |
|
|
- |
|
|
|
366 |
|
|
|
(366 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
3,029 |
|
|
$ |
1,808 |
|
|
$ |
(366 |
) |
|
$ |
4,471 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
3 |
|
|
$ |
3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
11 |
|
|
$ |
52 |
|
|
$ |
- |
|
|
$ |
63 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income before taxes |
|
$ |
213 |
|
|
$ |
(77 |
) |
|
$ |
967 |
|
|
$ |
1,103 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated home office expense |
|
$ |
(200 |
) |
|
$ |
200 |
|
|
$ |
- |
|
|
$ |
- |
|
| Gain on change in fair value of warrants |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,027 |
) |
|
$ |
(1,027 |
) |
| Stock compensation expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
57 |
|
|
$ |
57 |
|
| Warranty expense |
|
$ |
- |
|
|
$ |
9 |
|
|
$ |
- |
|
|
$ |
9 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
13,985 |
|
|
$ |
5,865 |
|
|
$ |
- |
|
|
$ |
19,850 |
|
| Expenditures for segment assets |
|
$ |
20 |
|
|
$ |
61 |
|
|
$ |
- |
|
|
$ |
81 |
|
| |
|
Reportable Segment Financial Information
(thousands) |
|
| |
|
Three months ended December 29, 2019 |
|
| |
|
Optex Systems
Richardson |
|
|
Applied Optics Center
Dallas |
|
|
Other
(non-allocated costs and intersegment eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues from external customers |
|
$ |
3,644 |
|
|
$ |
2,243 |
|
|
$ |
- |
|
|
$ |
5,887 |
|
| Intersegment revenues |
|
|
- |
|
|
|
373 |
|
|
|
(373 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
3,644 |
|
|
$ |
2,616 |
|
|
$ |
(373 |
) |
|
$ |
5,887 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
5 |
|
|
$ |
5 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
6 |
|
|
$ |
60 |
|
|
$ |
- |
|
|
$ |
66 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss before taxes |
|
$ |
(3,037 |
) |
|
$ |
1,291 |
|
|
$ |
1,208 |
|
|
$ |
(538 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated home office expense |
|
$ |
(170 |
) |
|
$ |
170 |
|
|
$ |
- |
|
|
$ |
- |
|
| Loss on change in fair value of warrants |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1,251 |
|
|
$ |
1,251 |
|
| Stock option compensation expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
26 |
|
|
$ |
26 |
|
| Warranty Expense |
|
$ |
- |
|
|
$ |
29 |
|
|
$ |
- |
|
|
$ |
29 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
12,293 |
|
|
$ |
7,087 |
|
|
$ |
- |
|
|
$ |
19,380 |
|
| Expenditures for segment assets |
|
$ |
13 |
|
|
$ |
16 |
|
|
$ |
- |
|
|
$ |
29 |
|
|