Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Oct. 01, 2023

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 5 — Property and Equipment

A summary of property and equipment at October 1, 2023 and October 2, 2022 is as follows:

Schedule of Property and Equipment

	Estimated Useful Life	October 1, 2023			October 2, 2022
		(Thousands)
	Estimated Useful Life	October 1, 2023			October 2, 2022
Property and Equipment
Furniture and Fixtures	3-5 yrs	$	428		$	405
Machinery and Equipment	5 yrs		4,531			4,231
Leasehold Improvements	7 yrs		404			351

Property and Equipment, gross	7 yrs		404			351
Less: Accumulated Depreciation			(4,365	)		(4,019	)
Net Property & Equipment		$	998		$	968

Depreciation Expense		$	345		$	307

During the twelve months ended October 1, 2023, Optex Systems Holdings’ purchased $23 thousand in new furniture and fixtures, $300 thousand in machinery and equipment and $53 thousand in leasehold improvements. During the twelve months ended October 1, 2023, there were no sales or retirements of fixed assets. 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.