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As
of December 31, 2023, the remaining minimum lease and estimated CAM payments under the non-cancelable facility space leases are as follows:
Schedule
of Non-cancellable Operating Leases Minimum Payments
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(Thousands) |
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Optex Richardson |
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Applied Optics Center |
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Office Equipment |
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Consolidated |
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| Fiscal Year |
|
Facility Lease Payments |
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Facility Lease Payments |
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Lease Payments |
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Total Lease Payments |
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Total Variable CAM
Estimate |
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| 2024 Base year lease |
|
$ |
246 |
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|
$ |
224 |
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|
$ |
11 |
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|
$ |
481 |
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|
$ |
225 |
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| 2025 Base year lease |
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|
336 |
|
|
|
305 |
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|
15 |
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|
|
656 |
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|
|
306 |
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| 2026 Base year lease |
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|
346 |
|
|
|
313 |
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|
|
3 |
|
|
|
662 |
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|
|
312 |
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| 2027 Base year lease |
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|
357 |
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|
|
322 |
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|
- |
|
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|
679 |
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|
|
318 |
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| 2028 Base year lease |
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|
242 |
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|
330 |
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|
- |
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|
572 |
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|
249 |
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| 2029 Base year lease |
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|
- |
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|
83 |
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- |
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|
83 |
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|
43 |
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| Total base lease payments |
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$ |
1,527 |
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$ |
1,577 |
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$ |
29 |
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$ |
3,133 |
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$ |
1,453 |
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| Imputed
interest on lease payments (1) |
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|
(163 |
) |
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|
(188 |
) |
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(1 |
) |
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(352 |
) |
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| Total
Operating Lease Liability(2) |
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$ |
1,364 |
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$ |
1,389 |
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$ |
28 |
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$ |
2,781 |
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| Right-of-use
Asset(3) |
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$ |
1,275 |
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$ |
1,312 |
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$ |
28 |
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$ |
2,615 |
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| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
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| (2) |
Includes
$166 thousand of unamortized deferred rent. |
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| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $625 thousand and $2,156 thousand, respectively. |
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