Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

6 Months Ended

Mar. 28, 2021

Schedule of Segment Reporting Information

The financial tables below present the information for each of the reportable segment’s 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 March 28, 2021
	Optex Systems Richardson			Applied Optics Center Dallas			Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	2,805		$	1,441		$	-		$	4,246
Intersegment revenues		-			530			(530	)		-
Total Revenue	$	2,805		$	1,971		$	(530	)	$	4,246

Interest expense	$	-		$	-		$	2		$	2

Depreciation and Amortization	$	10		$	55		$	-		$	65

Loss before taxes	$	(189	)	$	(168	)	$	(228	)	$	(585	)

Other significant noncash items:
Allocated home office expense	$	(153	)	$	153		$	-		$	-
Loss on change in fair value of warrants	$	-		$	-		$	169		$	169
Stock compensation expense	$	-		$	-		$	57		$	57
Warranty Expense	$	-		$	39		$	-		$	39

Segment Assets	$	14,820		$	6,307		$	-		$	21,127
Expenditures for segment assets	$	-		$	47		$	-		$	47

	Reportable Segment Financial Information (thousands)
	Three months ended March 29, 2020
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	4,422		$	2,525	$	-		$	6,947
Intersegment revenues		-			407		(407	)		-
Total Revenue	$	4,422		$	2,932	$	(407	)	$	6,947

Interest expense	$	-		$	-	$	6		$	6

Depreciation and Amortization	$	8		$	51	$	-		$	59

Income before taxes	$	568		$	244	$	1,295		$	2,107

Other significant noncash items:
Allocated home office expense	$	(170	)	$	170	$	-		$	-
Gain on Change in Fair Value of Warrants	$	-		$	-	$	(1,332	)	$	(1,332	)
Stock option compensation expense	$	-		$	-	$	31		$	31
Warranty Expense	$	-		$	30	$	-		$	30

Segment Assets	$	12,793		$	6,784	$	-		$	19,577
Expenditures for segment assets	$	33		$	34	$	-		$	67

	Reportable Segment Financial Information (thousands)
	Six months ended March 28, 2021
	Optex Systems Richardson			Applied Optics Center Dallas			Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	5,833		$	2,884		$	-		$	8,717
Intersegment revenues		-			896			(896	)		-
Total Revenue	$	5,833		$	3,780		$	(896	)	$	8,717

Interest expense	$	-		$	-		$	5		$	5

Depreciation and Amortization	$	21		$	107		$	-		$	128

Income (loss) before taxes	$	24		$	(245	)	$	739		$	518

Other significant noncash items:
Allocated home office expense	$	(353	)	$	353		$	-		$	-
Gain on change in fair value of warrants	$	-		$	-		$	(858	)	$	(858	)
Stock compensation expense	$	-		$	-		$	114		$	114
Warranty expense	$	-		$	48		$	-		$	48

Segment Assets	$	14,820		$	6,307		$	-		$	21,127
Expenditures for segment assets	$	20		$	108		$	-		$	128

	Reportable Segment Financial Information (thousands)
	Six months ended March 29, 2020
	Optex Systems Richardson			Applied Optics Center Dallas		Other (non-allocated costs and intersegment eliminations)			Consolidated Total

Revenues from external customers	$	8,066		$	4,767	$	-		$	12,833
Intersegment revenues		-			780		(780	)		-
Total Revenue	$	8,066		$	5,547	$	(780	)	$	12,833

Interest expense	$	-		$	-	$	11		$	11

Depreciation and Amortization	$	15		$	110	$	-		$	125

Income before taxes	$	1,050		$	506	$	13		$	1,569

Other significant noncash items:
Allocated home office expense	$	(340	)	$	340	$	-		$	-
Gain on change in fair value of warrants	$	-		$	-	$	(81	)	$	(81	)
Stock option compensation expense	$	-		$	-	$	57		$	57
Warranty Expense	$	-		$	59	$	-		$	59

Segment Assets	$	12,793		$	6,784	$	-		$	19,577
Expenditures for segment assets	$	46		$	50	$	-		$	96