|
As
of December 28, 2025, the remaining minimum base lease and estimated CAM payments under the non-cancellable office equipment and facility
space leases are as follows:
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 |
|
| 2026
Base year lease |
|
$ |
261 |
|
|
$ |
236 |
|
|
$ |
16 |
|
|
$ |
513 |
|
|
$ |
219 |
|
| 2027
Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
22 |
|
|
|
701 |
|
|
|
293 |
|
| 2028
Base year lease |
|
|
241 |
|
|
|
330 |
|
|
|
22 |
|
|
|
593 |
|
|
|
209 |
|
| 2029
Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
22 |
|
|
|
105 |
|
|
|
30 |
|
| 2030
Base year lease |
|
|
- |
|
|
|
- |
|
|
|
5 |
|
|
|
5 |
|
|
|
- |
|
| Total
base lease payments |
|
$ |
859 |
|
|
$ |
971 |
|
|
$ |
87 |
|
|
$ |
1,917 |
|
|
$ |
751 |
|
| Imputed
interest on lease payments (1) |
|
|
(52 |
) |
|
|
(71 |
) |
|
|
(10 |
) |
|
|
(133 |
) |
|
|
|
|
| Total
Operating Lease Liability(2) |
|
$ |
807 |
|
|
$ |
900 |
|
|
$ |
77 |
|
|
$ |
1,784 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use
Asset(3) |
|
$ |
735 |
|
|
$ |
828 |
|
|
$ |
77 |
|
|
$ |
1,640 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the facilities lease amendments effective as of January 11, 2021 and 6.7% on the office equipment
lease agreement effective as of December 11, 2025. |
| |
|
| (2) |
Short-term
and long-term portions of Operating Lease Liability are $668 thousand and $1,116 thousand, respectively. |
| |
|
| (3) |
Includes
$144 thousand of unamortized deferred rent. |
Total
expense under both facility lease agreements for the three months ended December 28, 2025 and December 29, 2024 was $240 thousand and
$224 thousand, respectively. Total office equipment rentals included in operating expenses was $7 thousand for the three months ended
December 28, 2025 and December 29, 2024.
|