Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Oct. 03, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 — Property and Equipment

A summary of property and equipment at October 3, 2021 and September 27, 2020 is as follows:

Schedule of Property and Equipment


		(Thousands)
	Estimated Useful Life	Year Ended October 3, 2021			Year Ended September 27, 2020
Property and Equipment
Furniture and Fixtures	3-5 yrs	$	398		$	398
Machinery and Equipment	5 yrs		4,035			3,782
Leasehold Improvements	7 yrs		296			276
Property and Equipment, gross	7 yrs		296			276
Less: Accumulated Depreciation			(3,712	)		(3,450	)
Net Property & Equipment		$	1,017		$	1,006

Depreciation Expense		$	263		$	248

During the twelve months ended October 3, 2021, Optex Systems Holdings’ purchased $254 thousand in new furniture and fixtures and $20 thousand in leasehold improvements. During the twelve months ended October 3, 2021, there were no sales or retirements of fixed assets. During the twelve months ended September 27, 2020, Optex Systems Holdings’ purchased $20 thousand in new furniture and fixtures and $132 thousand in machinery and equipment. During the twelve months ended September 27, 2020, there were no sales or retirements of fixed assets.