| Schedule of Segment Reporting Information |
The
financial table 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.
Schedule of Segment Reporting Information
| |
|
Reportable Segment Financial Information
(thousands) |
|
| |
|
Twelve months ended October 3, 2021 |
|
| |
|
Optex Systems
Richardson |
|
|
Applied Optics Center
Dallas |
|
|
Other
(non-allocated costs and intersegment eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues from external customers |
|
$ |
11,827 |
|
|
$ |
6,395 |
|
|
$ |
- |
|
|
$ |
18,222 |
|
| Intersegment revenues |
|
|
- |
|
|
|
1,056 |
|
|
|
(1,056 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
11,827 |
|
|
$ |
7,451 |
|
|
$ |
(1,056 |
) |
|
$ |
18,222 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
11 |
|
|
$ |
11 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
41 |
|
|
$ |
222 |
|
|
$ |
- |
|
|
$ |
263 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before taxes |
|
$ |
|
|
$ |
) |
|
$ |
|
|
$ |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated home office expense |
|
$ |
(677 |
) |
|
$ |
677 |
|
|
$ |
- |
|
|
$ |
- |
|
| Gain on change in fair value of warrants |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(2,535 |
) |
|
$ |
(2,535 |
) |
| Stock compensation expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
228 |
|
|
$ |
228 |
|
| Warranty expense |
|
$ |
(15 |
) |
|
$ |
90 |
|
|
$ |
- |
|
|
$ |
75 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
14,010 |
|
|
$ |
6,845 |
|
|
$ |
- |
|
|
$ |
20,855 |
|
| Expenditures for segment assets |
|
$ |
20 |
|
|
$ |
254 |
|
|
$ |
- |
|
|
$ |
274 |
|
| |
|
Reportable Segment Financial Information
(thousands) |
|
| |
|
Twelve months ended September 27, 2020 |
|
| |
|
Optex Systems
Richardson |
|
|
Applied Optics Center
Dallas |
|
|
Other
(non-allocated costs and intersegment eliminations) |
|
|
Consolidated
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenues from external customers |
|
$ |
17,233 |
|
|
$ |
8,657 |
|
|
$ |
- |
|
|
$ |
25,890 |
|
| Intersegment revenues |
|
|
- |
|
|
|
1,689 |
|
|
|
(1,689 |
) |
|
|
- |
|
| Total Revenue |
|
$ |
17,233 |
|
|
$ |
10,346 |
|
|
$ |
(1,689 |
) |
|
$ |
25,890 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
19 |
|
|
$ |
19 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and Amortization |
|
$ |
36 |
|
|
$ |
212 |
|
|
$ |
- |
|
|
$ |
248 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income before taxes |
|
$ |
|
|
$ |
|
|
$ |
) |
|
$ |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other significant noncash items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Allocated home office expense |
|
$ |
(673 |
) |
|
$ |
673 |
|
|
$ |
- |
|
|
$ |
- |
|
| Loss on change in fair value of warrants |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
508 |
|
|
$ |
508 |
|
| Stock option compensation expense |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
197 |
|
|
$ |
197 |
|
| Warranty Expense |
|
$ |
- |
|
|
$ |
76 |
|
|
$ |
- |
|
|
$ |
76 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Assets |
|
$ |
14,642 |
|
|
$ |
5,703 |
|
|
$ |
- |
|
|
$ |
20,345 |
|
| Expenditures for segment assets |
|
$ |
102 |
|
|
$ |
50 |
|
|
$ |
- |
|
|
$ |
152 |
|
|