Organization and Operations (Details Narrative)

Dec. 15, 2015

Oct. 07, 2015

Aug. 31, 2015

Mar. 27, 2016

ft²

Number

Leased facilities (Square feet) | ft²

93,733

Number of employees | Number

95

Description of reverse stock split

1-for-2 and not more than 1-for-3

1-for-1000 reverse split.

Ratio to be determined by the board of directors, of not less than 1-for-400 nor more than 1-for-1000.

Optex Systems (OPX) - Richardson, Texas [Member]

Leased facilities (Square feet) | ft²

49,100

Number of employees | Number

60

Description of reverse stock split

1:1000