Warrant Liabilities (Tables)

6 Months Ended

Mar. 28, 2021

Significant inputs into the respective model at the reporting period measurement dates are as follows:

*Valuation Assumptions*	Period ended September 29, 2019			Period ended September 27, 2020			Period ended March 29, 2020			Period ended March 28, 2021
Exercise Price ⁽¹⁾	$	1.50		$	1.50		$	1.50		$	1.50
Warrant Expiration Date ⁽¹⁾		8/26/2021			8/26/2021			8/26/2021			8/26/2021
Stock Price ⁽²⁾	$	1.56		$	1.96		$	1.67		$	1.84
Interest Rate (annual) ⁽³⁾		1.63	%		0.12	%		0.33	%		0.04	%
Volatility (annual)		53.66	%		51.67	%		51.04	%		45.12	%
Time to Maturity (Years)		1.9			0.9			1.4			0.4
Calculated fair value per share	$	0.49		$	0.62		$	0.47		$	0.41

(1) Based on the terms provided in the warrant agreement to purchase common stock of Optex Systems Holdings, Inc. dated August 26, 2016.

(2) Based on the trading value of common stock of Optex Systems Holdings, Inc. as of each presented period ended date.

(3) Interest rate for U.S. Treasury Bonds as each presented period ended date, as published by the U.S. Federal Reserve.

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

Warrant Liability

Warrants

Outstanding

Fair Value

per Share

Fair Value

(000’s)

Fair Value as of period ended 9/29/2019

4,125,200

0.49

2,036

Gain on Change in Fair Value of Warrant Liability

(81

)

Fair Value as of period ended 3/29/2020

4,125,200

0.47

1,955

Fair Value as of period ended 9/27/2020

4,125,200

0.62

2,544

Gain on Change in Fair Value of Warrant Liability

(858

)

Fair Value as of period ended 3/28/2021

4,125,200

0.41

1,686