Annual report pursuant to Section 13 and 15(d)

Property and Equipment

v3.24.4
Property and Equipment
12 Months Ended
Sep. 29, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 5 — Property and Equipment

 

A summary of property and equipment at September 29, 2024 and October 1, 2023 is as follows:

 

   

Estimated

Useful Life

  September 29, 2024    

October 1,

2023

 
        (Thousands)  
   

Estimated

Useful Life

  September 29, 2024    

October 1,

2023

 
Property and Equipment                    
Furniture and Fixtures   3-5 yrs   $ 451     $ 428  
Machinery and Equipment   5 yrs     5,145       4,531  
Leasehold Improvements   7 yrs     448       404  
                     
Less: Accumulated Depreciation         (4,752 )     (4,365 )
Net Property & Equipment       $ 1,292     $ 998  
                     
Depreciation Expense       $ 387     $ 345  

 

During the twelve months ended September 29, 2024, Optex Systems Holdings purchased $23 thousand in new furniture and fixtures, $614 thousand in machinery and equipment and $44 thousand in leasehold improvements. 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 September 29, 2024 and October 1, 2023, there were no sales or retirements of fixed assets.