Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Details Narrative)

v3.22.0.1
Commitments and Contingencies (Details Narrative)
12 Months Ended
Jan. 11, 2021
USD ($)
Oct. 03, 2021
USD ($)
ft²
Sep. 27, 2020
USD ($)
Sep. 30, 2019
USD ($)
Expiration date   Oct. 31, 2021    
Right-of-use Asset   $ 3,599,000 [1] $ 1,416,000 $ 1,800,000
Operating lease liability   3,661,000 [2]   $ 1,900,000
Operating lease cost   $ 22 22  
October 1, 2018 through December 31, 2021 [Member]        
Lease description   The Company has one non-cancellable office equipment lease with a commencement date of October 1, 2018 and a term of 39 months. The lease cost for the equipment is $1.5 thousand per month from October 1, 2018 through December 31, 202    
November 1, 2021 [Member]        
Right-of-use Asset $ 3,700,000      
Operating lease liability $ 3,700,000      
Current Lease Agreement [Member]        
Lease description On January 11, 2021 the Company executed a first amendment extending the terms of the lease for eighty-six (86) months, commencing on November 1, 2021 and ending on December 31, 2028. The initial base rent is set at $23.6 thousand as of January 1, 2022 and escalates 2.75% on January 1 each year thereafter. The initial term includes 2 months of rent abatement for November and December of 2021. The amendment provides for a five-year renewal option at the end of the lease term at the greater of the then “prevailing rental rate” or the then current base rental rate. Our obligations to make payments under the lease are secured by a $125,000 standby letter of credit      
Facility Lease Agreement [Member]        
Rent expenses   $ 769,000 $ 735,000  
Optex Systems (OPX) - Richardson, Texas [Member]        
Area of land | ft²   49,100    
Expiration date   Mar. 31, 2021    
Lease description   the monthly base rent was $24.6 thousand through March 31, 2021. On January 11, 2021 the Company executed a sixth amendment extending the terms of the lease for eighty-six (86) months, commencing on April 1, 2021 and ending on May 31, 2028. The initial base rent is set at $25.3 thousand and escalates 3% on April 1 each year    
Monthly base rent   $ 11,600    
Right-of-use Asset [1]   1,831,000    
Operating lease liability [2]   $ 1,893,000    
Optex Systems (OPX) - Chartwell Drive, Dallas, Texas [Member]        
Area of land | ft²   44,867    
Expiration date   Oct. 31, 2021    
Lease description   the monthly base rent was $21.9 thousand through the end of the lease    
Monthly base rent   $ 7,800    
[1] Short-term and Long-term portion of Operating Lease Liability is $528 thousand and $3,133 thousand, respectively.
[2] Includes $62 thousand of unamortized deferred rent.