Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.22.0.1
Segment Reporting (Tables)
12 Months Ended
Oct. 03, 2021
Segment Reporting [Abstract]  
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.

 

    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   $ 251     $ (517 )   $ 2,296     $ 2,030  
                                 
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   $ 1,950     $ 1,130     $ (724 )   $ 2,356  
                                 
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