Quarterly report pursuant to Section 13 or 15(d)

Schedule of Assumptions and Results for the Monte Carlo Simulation (Details)

v3.23.2
Schedule of Assumptions and Results for the Monte Carlo Simulation (Details)
$ / shares in Units, shares in Thousands, $ in Thousands
 9 Months Ended
Jul. 02, 2023
USD ($)
$ / shares
Jul. 02, 2023
USD ($)
$ / shares
shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Performance period start   Oct. 02, 2023
Performance period end   Oct. 01, 2028
Term of simulation   5 years 5 months 1 day [1]
Time steps in simulation   1,365
Time steps per year   252
Common share price at valuation date $ 3.04 [2] $ 3.04 [2]
Volatility (annual)   50.00% [3]
Risk-free rate (annual) 3.37% [4]  
Cost of equity   11.50% [5]
Dividend yield   0.00% [6]
Share-Based Payment Arrangement, Tranche One [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of performance shares in the tranch | shares   27,000 [1]
Fair value of one performance share $ 2.75 [7] $ 2.75 [7]
Total fair value of tranch | $ $ 74,345 $ 74,345
Derived service period   8 months 15 days [7]
Share-Based Payment Arrangement, Tranche Two [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of performance shares in the tranch | shares   27,000 [1]
Fair value of one performance share $ 2.58 [7] $ 2.58 [7]
Total fair value of tranch | $ $ 69,742 $ 69,742
Derived service period   1 year 1 month 17 days [7]
Share-Based Payment Arrangement, Tranche Three [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of performance shares in the tranch | shares   27,000 [1]
Fair value of one performance share $ 2.39 [7] $ 2.39 [7]
Total fair value of tranch | $ $ 64,446 $ 64,446
Derived service period   1 year 7 months 6 days [7]
Share Based Compensation Award Tranche Four [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of performance shares in the tranch | shares   27,000 [1]
Fair value of one performance share $ 2.18 [7] $ 2.18 [7]
Total fair value of tranch | $ $ 58,819 $ 58,819
Derived service period   2 years 21 days [7]
Share Based Compensation Award Tranche Five [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of performance shares in the tranch | shares   27,000 [1]
Fair value of one performance share $ 1.93 [7] $ 1.93 [7]
Total fair value of tranch | $ $ 52,238 $ 52,238
Derived service period   2 years 5 months 23 days [7]
[1] Based on the terms of the Performance Shares agreement issued by the Company on May 3, 2023.
[2] Closing price of OPXS shares on the Valuation Date, as obtained via S&P Capital IQ.
[3] Based on historical volatility of OPXS and comparable public companies.
[4] Interest rate for US Treasury commensurate with the Performance Shares holding period, as of the Valuation Date, as obtained via S&P Capital IQ.
[5] Estimated cost of equity for OPXS as of the Valuation Date.
[6] Expected dividends provided by management.
[7] Based on Monte Carlo simulation.