As
of June 29, 2025, 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 | |
| 2025 Base year lease | |
$ | 85 | | |
$ | 77 | | |
$ | 3 | | |
$ | 165 | | |
$ | 73 | |
| 2026 Base year lease | |
| 346 | | |
| 313 | | |
| 4 | | |
| 663 | | |
| 293 | |
| 2027 Base year lease | |
| 357 | | |
| 322 | | |
| - | | |
| 679 | | |
| 298 | |
| 2028 Base year lease | |
| 241 | | |
| 330 | | |
| - | | |
| 571 | | |
| 213 | |
| 2029 Base year lease | |
| - | | |
| 83 | | |
| - | | |
| 83 | | |
| 30 | |
| Total base lease payments | |
$ | 1,029 | | |
$ | 1,125 | | |
$ | 7 | | |
$ | 2,161 | | |
$ | 907 | |
| Imputed interest on lease payments (1) | |
| (73 | ) | |
| (97 | ) | |
| - | | |
| (170 | ) | |
| | |
| Total Operating Lease Liability(2) | |
$ | 956 | | |
$ | 1,028 | | |
$ | 7 | | |
$ | 1,991 | | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Right-of-use Asset(3) | |
$ | 875 | | |
$ | 954 | | |
$ | 7 | | |
$ | 1,836 | | |
| | |
| (1) |
Assumes
a discount borrowing rate of 5.0% on the new lease amendments effective as of January 11, 2021. |
| |
|
| (2) |
Short-term
and Long-term portion of Operating Lease Liability is $645 thousand and $1,346 thousand, respectively. |
| |
|
| (3) |
Includes
$155 thousand of unamortized deferred rent. |
|