Commitments and Contingencies (Tables)

3 Months Ended

Jan. 01, 2023

As of January 1, 2023, the remaining minimum lease and estimated CAM payments under the non-cancelable facility space leases are as follows:

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
2023 Base year lease	$	239		$	218		$	11		$	468		$	188
2024 Base year lease		327			296			15			638			256
2025 Base year lease		336			305			15			656			261
2026 Base year lease		346			313			3			662			266
2027 Base year lease		357			322			-			679			272
2028 Base year lease		242			330			-			572			198
2029 Base year lease		-			83			-			83			30
Total base lease payments	$	1,847		$	1,867		$	44		$	3,758		$	1,471
Imputed interest on lease payments ⁽¹⁾		(238	)		(263	)		(3	)		(504	)
Total Operating Lease Liability⁽³⁾	$	1,609		$	1,604		$	41		$	3,254

Right-of-use Asset⁽²⁾	$	1,527		$	1,536		$	41		$	3,104

(1)

Assumes a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021.

(2)

Includes $150 thousand of unamortized deferred rent.

(3)

Short-term and Long-term portion of Operating Lease Liability is $608 thousand and $2,646 thousand, respectively.