|
As
of March 29, 2026, 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 |
|
$ |
176 |
|
|
$ |
158 |
|
|
$ |
11 |
|
|
$ |
345 |
|
|
$ |
146 |
|
| 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 |
|
$ |
774 |
|
|
$ |
893 |
|
|
$ |
82 |
|
|
$ |
1,749 |
|
|
$ |
678 |
|
| Imputed interest on lease payments (1) |
|
|
(42 |
) |
|
|
(61 |
) |
|
|
(10 |
) |
|
|
(113 |
) |
|
|
|
|
| Total Operating Lease Liability(2) |
|
$ |
732 |
|
|
$ |
832 |
|
|
$ |
72 |
|
|
$ |
1,636 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use Asset(3) |
|
$ |
663 |
|
|
$ |
765 |
|
|
$ |
72 |
|
|
$ |
1,500 |
|
|
|
|
|
| (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 $672 thousand and $964 thousand, respectively. |
| |
|
| (3) |
Includes $136 thousand
of unamortized deferred rent. |
|