|
As
of March 31, 2024, the remaining minimum base lease and estimated common area maintenance (CAM) payments under the non-cancellable office
equipment and facility space leases are as follows:
Schedule
of Non-cancellable Operating Leases Minimum Payments
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
|
|
| 2024 Base year lease |
|
$ |
166 |
|
|
$ |
149 |
|
|
$ |
7 |
|
|
$ |
322 |
|
|
$ |
150 |
|
| 2025 Base year lease |
|
|
336 |
|
|
|
305 |
|
|
|
15 |
|
|
|
656 |
|
|
|
306 |
|
| 2026 Base year lease |
|
|
346 |
|
|
|
313 |
|
|
|
3 |
|
|
|
662 |
|
|
|
312 |
|
| 2027 Base year lease |
|
|
357 |
|
|
|
322 |
|
|
|
- |
|
|
|
679 |
|
|
|
318 |
|
| 2028 Base year lease |
|
|
242 |
|
|
|
330 |
|
|
|
- |
|
|
|
572 |
|
|
|
249 |
|
| 2029 Base year lease |
|
|
- |
|
|
|
83 |
|
|
|
- |
|
|
|
83 |
|
|
|
43 |
|
| Total base lease payments |
|
$ |
1,447 |
|
|
$ |
1,502 |
|
|
$ |
25 |
|
|
$ |
2,974 |
|
|
$ |
1,378 |
|
| Imputed
interest on lease payments (1) |
|
|
(146 |
) |
|
|
(171 |
) |
|
|
- |
|
|
|
(317 |
) |
|
|
|
|
| Total
Operating Lease Liability(2) |
|
$ |
1,301 |
|
|
$ |
1,331 |
|
|
$ |
25 |
|
|
$ |
2,657 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Right-of-use
Asset(3) |
|
$ |
1,211 |
|
|
$ |
1,254 |
|
|
$ |
25 |
|
|
$ |
2,490 |
|
|
|
|
|
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Includes
$167 thousand of unamortized deferred rent. |
| |
|
| (3) |
Short-term
and Long-term portion of Operating Lease Liability is $630 thousand and $2,027 thousand, respectively. |
|