Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Oct. 02, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 — Property and Equipment

A summary of property and equipment at October 2, 2022 and October 3, 2021 is as follows:

Schedule of Property and Equipment

	Estimated Useful Life	Year Ended October 2, 2022			Year Ended October 3, 2021
		(Thousands)
	Estimated Useful Life	October 2, 2022			October 3, 2021
Property and Equipment
Furniture and Fixtures	3-5 yrs	$	405		$	398
Machinery and Equipment	5 yrs		4,231			4,035
Leasehold Improvements	7 yrs		351			296
Property and Equipment, gross	7 yrs		351			296
Less: Accumulated Depreciation			(4,019	)		(3,712	)
Net Property & Equipment		$	968		$	1,017

Depreciation Expense		$	307		$	263

During the twelve months ended October 2, 2022, Optex Systems Holdings’ purchased $6 thousand in new furniture and fixtures, $196 thousand in machinery and equipment and $55 thousand in leasehold improvements. During the twelve months ended October 2, 2022, there were no sales or retirements of fixed assets. 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.