Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

v3.7.0.1
Segment Reporting (Tables)
12 Months Ended
Oct. 02, 2016
Segment Reporting [Abstract]  
Schedule of information for each of the reportable segments profit or loss as well as segment assets for each year

The financial table below presents the information for each of the reportable segments profit or loss as well as segment assets for each year. Optex Systems Holdings, Inc. does not allocate interest expense, income taxes or unusual items to segments.

 

    Reportable Segment Financial Information
(thousands)
 
                         
    Twelve months ending October 2, 2016 (Restated)  
    Optex Systems
Richardson
    Applied Optics Center
Dallas
    Other
(non allocated costs
and intersegment
eliminations)
    Consolidated
Total
 
                         
Revenues from external customers   $ 11,052     $ 6,227     $ -     $ 17,279  
Intersegment revenues     -       1,892       (1,892 )     -  
Total Revenue   $ 11,052     $ 8,119     $ (1,892 )   $ 17,279  
                                 
Interest expense   $ -     $ -     $ 36     $ 36  
                                 
Depreciation and Amortization   $ 73     $ 272     $ -     $ 345  
                                 
Income (Loss) before taxes   $ 145     $ (345 )   $ (8 )   $ (208 )
                                 
Other significant noncash items:                                
Allocated home office expense   $ (728 )   $ 728     $ -     $ -  
Stock compensation expense   $ 192     $ -     $ -     $ 192  
Royalty expense amortization   $ 30     $ -     $ -     $ 30  
Provision for (use of) contract loss reserves   $ -     $ (54 )   $ -     $ (54 )
(Gain) on change in fair value of warrant liability   $ -     $ -     $ (739 )   $ (739 )
Warrants issued for underwriter expenses   $ -     $ -     $ 156       156  
                                 
Segment Assets   $ 8,861     $ 3,900     $ -     $ 12,761  
Expenditures for segment assets   $ (16 )   $ (18 )   $ -     $ (34 )

 

    Reportable Segment Financial Information
(thousands)
 
                         
    Twelve months ending September 27, 2015  
    Optex Systems
Richardson
    Applied Optics Center
Dallas (1)
    Other
(non allocated costs
and intersegment
eliminations)
    Consolidated
Total
 
                         
Revenues from external customers   $ 8,172     $ 4,831     $ -     $ 13,003  
Intersegment revenues     -       526       (526 )     -  
Total Revenue   $ 8,172     $ 5,357     $ (526 )   $ 13,003  
                                 
Interest expense   $ -     $ -     $ 179     $ 179  
                                 
Depreciation and Amortization   $ 88     $ 246     $ -     $ 334  
                                 
Income (Loss) before taxes   $ (431 )   $ 1,101     $ (179 )   $ 491  
                                 
Other significant noncash items:                                
Allocated home office expense   $ (387 )   $ 387     $ -     $ -  
(Gain) on purchased asset - AOC   $ -     $ (2,110 )   $ -     $ (2,110 )
Amortization of intangible assets   $ -     $ 342     $ -     $ 342  
Stock option compensation expense   $ 140     $ -     $ -     $ 140  
Provision for excess & obsolete inventories   $ 132     $ 115     $ -     $ 247  
Royalty expense amortization   $ 30     $ -     $ -     $ 30  
Provision for (use of) contract loss reserves   $ (11 )   $ 54     $ -     $ 43  
                                 
Segment Assets   $ 7,537     $ 4,009     $ -     $ 11,546  
Expenditures for segment assets   $ 30     $ 2,070     $ -     $ 2,100  

 

(1) The Applied Optics Center was acquired on November 3, 2014.