Commitments and Contingencies (Details Narrative) |
3 Months Ended | 6 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
|
Apr. 03, 2022
USD ($)
ft²
|
Mar. 28, 2021
USD ($)
|
Apr. 03, 2022
USD ($)
ft²
|
Mar. 28, 2021
USD ($)
|
Oct. 03, 2021
USD ($)
|
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| Area of land | ft² | 93,967 | 93,967 | |||||||
| Expiration date | Jan. 11, 2021 | ||||||||
| Right of use asset | $ 3,405,000 | [1] | $ 3,405,000 | [1] | $ 3,599,000 | ||||
| Operating lease, liability | 3,532,000 | 3,532,000 | |||||||
| Facility Lease Agreement [Member] | |||||||||
| Operating lease cost | 210,000 | $ 183,000 | 419,000 | $ 361,000 | |||||
| Rent expenses | $ 8,000 | $ 5,000 | $ 10,000 | $ 9,000 | |||||
| One Non-cancellable Office Equipment Lease [Member] | |||||||||
| Lease description | The Company had 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 was $1.5 thousand per month from October 1, 2018 through December 31, 2021. The lease was renewed on November 18, 2021 for an additional 48 months at a cost of $1.2 thousand per month. Equipment for the new lease has not yet been delivered due to part shortages. The lease effectivity date has been delayed by the supplier pending the receipt of the equipment by Optex. | ||||||||
| Lease term | 39 months | 39 months | |||||||
| Optex Systems (OPX) - Richardson, Texas [Member] | |||||||||
| Area of land | ft² | 49,100 | 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 thereafter. | ||||||||
| Right of use asset | [1] | $ 1,707,000 | $ 1,707,000 | ||||||
| Operating lease, liability | $ 1,780,000 | $ 1,780,000 | |||||||
| Applied Optics Center (AOC) - Dallas [Member] | |||||||||
| Area of land | ft² | 44,867 | 44,867 | |||||||
| Expiration date | Oct. 31, 2021 | ||||||||
| Lease description | the monthly base rent was $21.9 thousand through the end of the lease. 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. | ||||||||
| Maintenance fee | $ 7,900 | ||||||||
| Right of use asset | [1] | $ 1,698,000 | 1,698,000 | ||||||
| Operating lease, liability | $ 1,752,000 | $ 1,752,000 | |||||||
| Dallas and Richardson Facilities [Member] | |||||||||
| Right of use asset | 3,700,000 | ||||||||
| Operating lease, liability | $ 3,700,000 | ||||||||
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