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As
of June 28, 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
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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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| 2026 Base year lease |
|
$ |
88 |
|
|
$ |
79 |
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|
$ |
5 |
|
|
$ |
172 |
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|
$ |
73 |
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| 2027 Base year lease |
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|
357 |
|
|
|
322 |
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|
22 |
|
|
|
701 |
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|
|
293 |
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| 2028 Base year lease |
|
|
241 |
|
|
|
330 |
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|
|
22 |
|
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|
593 |
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|
|
209 |
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| 2029 Base year lease |
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|
- |
|
|
|
83 |
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|
22 |
|
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|
105 |
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|
30 |
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| 2030 Base year lease |
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|
- |
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- |
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|
5 |
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|
5 |
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- |
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| Total base lease payments |
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$ |
686 |
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$ |
814 |
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$ |
76 |
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$ |
1,576 |
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$ |
605 |
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| Imputed
interest on lease payments (1) |
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|
(33 |
) |
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(51 |
) |
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(8 |
) |
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(92 |
) |
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| Total
Operating Lease Liability(2) |
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$ |
653 |
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$ |
763 |
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$ |
68 |
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$ |
1,484 |
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| Right-of-use
Asset(3) |
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$ |
591 |
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|
$ |
699 |
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$ |
68 |
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$ |
1,358 |
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| (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. |
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| (2) |
Short-term
and long-term portions of Operating Lease Liability are $677 thousand and $807 thousand, respectively. |
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| (3) |
Includes
$126 thousand of unamortized deferred rent. |
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