As
of March 29, 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
| 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 | |
| 2026 Base year lease | |
$ | 176 | | |
$ | 158 | | |
$ | 11 | | |
$ | 345 | | |
$ | 146 | |
| 2027 Base year lease | |
| 357 | | |
| 322 | | |
| 22 | | |
| 701 | | |
| 293 | |
| 2028 Base year lease | |
| 241 | | |
| 330 | | |
| 22 | | |
| 593 | | |
| 209 | |
| 2029 Base year lease | |
| - | | |
| 83 | | |
| 22 | | |
| 105 | | |
| 30 | |
| 2030 Base year lease | |
| - | | |
| - | | |
| 5 | | |
| 5 | | |
| - | |
| Total base lease payments | |
$ | 774 | | |
$ | 893 | | |
$ | 82 | | |
$ | 1,749 | | |
$ | 678 | |
| Imputed interest on lease payments (1) | |
| (42 | ) | |
| (61 | ) | |
| (10 | ) | |
| (113 | ) | |
| | |
| Total Operating Lease Liability(2) | |
$ | 732 | | |
$ | 832 | | |
$ | 72 | | |
$ | 1,636 | | |
| | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Right-of-use Asset(3) | |
$ | 663 | | |
$ | 765 | | |
$ | 72 | | |
$ | 1,500 | | |
| | |
| (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. |
| |
|
| (2) |
Short-term and long-term
portions of Operating Lease Liability are $672 thousand and $964 thousand, respectively. |
| |
|
| (3) |
Includes $136 thousand
of unamortized deferred rent. |
|