|
As
of June 29, 2025, 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:
Schedule
of Non-cancellable Operating Leases Minimum Payments
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
|
|
| 2025 Base year lease |
|
$ |
85 |
|
|
$ |
77 |
|
|
$ |
3 |
|
|
$ |
165 |
|
|
$ |
73 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
4 |
|
|
|
663 |
|
|
|
293 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
298 |
|
| 2028 Base year lease |
|
|
241 |
|
|
|
330 |
|
|
|
- |
|
|
|
571 |
|
|
|
213 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
30 |
|
| Total base lease payments |
|
$ |
1,029 |
|
|
$ |
1,125 |
|
|
$ |
7 |
|
|
$ |
2,161 |
|
|
$ |
907 |
|
| Imputed interest on lease payments (1) |
|
|
(73 |
) |
|
|
(97 |
) |
|
|
- |
|
|
|
(170 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
956 |
|
|
$ |
1,028 |
|
|
$ |
7 |
|
|
$ |
1,991 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
875 |
|
|
$ |
954 |
|
|
$ |
7 |
|
|
$ |
1,836 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Short-term
and Long-term portion of Operating Lease Liability is $645 thousand and $1,346 thousand, respectively. |
| |
|
| (3) |
Includes
$155 thousand of unamortized deferred rent. |
|