|
As
of October 1, 2023, the remaining minimum base lease and estimated common area maintenance (CAM) payments under the non-cancellable office
equipment and facility space leases are as follows:
Non-cancellable
Operating Leases Minimum Payments
Schedule of Non-cancellable Operating Leases Minimum Payments
| Fiscal Year |
|
Facility Lease
Payments
|
|
|
Facility Lease
Payments
|
|
|
Lease
Payments
|
|
|
Total Lease
Payments
|
|
|
Total Variable
CAM Estimate
|
|
| |
|
(Thousands) |
|
|
|
|
| |
|
Optex
Richardson
|
|
|
Applied Optics
Center
|
|
|
Office
Equipment
|
|
|
Consolidated |
|
| Fiscal Year |
|
Facility Lease
Payments
|
|
|
Facility Lease
Payments
|
|
|
Lease
Payments
|
|
|
Total Lease
Payments
|
|
|
Total Variable
CAM Estimate
|
|
| 2024 Base year lease |
|
$ |
327 |
|
|
$ |
296 |
|
|
$ |
15 |
|
|
$ |
638 |
|
|
$ |
256 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
15 |
|
|
|
656 |
|
|
|
261 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
266 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
272 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
- |
|
|
|
572 |
|
|
|
198 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
30 |
|
| Total base lease payments |
|
$ |
1,608 |
|
|
$ |
1,649 |
|
|
$ |
33 |
|
|
$ |
3,290 |
|
|
$ |
1,283 |
|
| Imputed interest on lease payments (1) |
|
|
(180 |
) |
|
|
(206 |
) |
|
|
(2 |
) |
|
|
(388 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
1,428 |
|
|
$ |
1,443 |
|
|
$ |
31 |
|
|
$ |
2,902 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
1,340 |
|
|
$ |
1,369 |
|
|
$ |
31 |
|
|
$ |
2,740 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$162 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $620 thousand and $2,282 thousand, respectively. |
|