Annual report pursuant to Section 13 and 15(d)

Schedule of Warrant Liabilities Assumptions Used (Details)

v3.22.4
Schedule of Warrant Liabilities Assumptions Used (Details)
Oct. 03, 2021
$ / shares
Aug. 26, 2021
$ / shares
Aug. 23, 2021
$ / shares
Aug. 10, 2021
$ / shares
Sep. 27, 2020
$ / shares
Sep. 29, 2019
$ / shares
Sep. 30, 2018
$ / shares
Oct. 01, 2017
$ / shares
Aug. 26, 2016
$ / shares
Exercise Price     $ 1.50 $ 1.50          
Stock Price   $ 1.55              
Warrant [Member]                  
Exercise Price $ 1.50 $ 1.50 [1],[2]     $ 1.50 [1] $ 1.50 [1] $ 1.50 [1] $ 1.50 [1] $ 1.50 [1]
Warrant Expiration Date [1]   Aug. 26, 2021 [2]     Aug. 26, 2021 Aug. 26, 2021 Aug. 26, 2021 Aug. 26, 2021 Aug. 26, 2021
Stock Price [3]   $ 1.49 [2]     $ 1.96 $ 1.56 $ 1.71 $ 0.98 $ 0.95
Time to Maturity (Years)         10 months 24 days 1 year 10 months 24 days 2 years 10 months 24 days 3 years 10 months 24 days 5 years
Calculated fair value per share   [2]     $ 0.62 $ 0.49 $ 0.82 $ 0.87 $ 0.93
Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]                  
Fair value measurement input [4]   [2]     0.12 1.63 2.88 1.62 1.23
Warrant [Member] | Measurement Input, Price Volatility [Member]                  
Fair value measurement input   [2],[5]     51.67 53.66 [5] 64.05 [5] 179.36 [5] 246.44 [5]
[1] Based on the terms provided in the warrant agreement to purchase common stock of Optex Systems Holdings, Inc. dated August 26, 2016.
[2] Warrants expired worthless without cashless exchange pursuant to the Warrant Agreement Section 2(c) determination that the August 26, 2021 VWAP calculation of $1.49 was below the exercise price of $1.50.
[3] Based on the trading value of common stock of Optex Systems Holdings, Inc. as of each presented period ending date. August 26, 2021 stock price based on the volume weighted average price for 618,451 share trades on that date. Closing price was $1.55 based trades of 2,400 final shares traded.
[4] Interest rate for U.S. Treasury Bonds, as of each presented period ending date, as published by the U.S. Federal Reserve.
[5] Based on the historical daily volatility of Optex Systems Holdings, Inc. as of each presented period ending date.