Company: OCC
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001437749-25-019494
Chunk: 74

Company: OPTICAL CABLE CORP
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 8
Chunk 74
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 interest and $18,507 for principal.

The Company’s future payments due under leases reconciled to the lease liabilities are as follows:

			Fiscal Year

			Operating

			leases

			Finance 

			lease

			2025
			
			(1) 

			$
			294,780

			$
			21,435

			2026

			540,420

			55,714

			2027

			493,180

			—

			2028

			510,241

			—

			2029

			527,981

			—

			Thereafter

			44,122

			—

			Total undiscounted lease payments

			2,410,724

			77,149

			Present value discount

			(452,871
			)

			(3,103
			)

			Total lease liability

			$
			1,957,853

			$
			74,046

			(1) Remaining six months of fiscal year 2025.

			(8)

			Fair Value Measurements

The carrying amounts reported in the condensed consolidated balance sheets as of April 30, 2025 and October 31, 2024 for cash, trade accounts receivable, income taxes refundable – current, other receivables, current installments of long-term debt, accounts payable and accrued expenses, accrued compensation and payroll taxes, and income taxes payable approximate fair value because of the short maturity of these instruments. The carrying value of the Company’s note payable, revolver – current, and long-term debt, excluding current installments, approximates fair value because the interest rates vary with the market. Fair value is defined as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

11

OPTICAL CABLE CORPORATION

Condensed Notes to Condensed Consolidated Financial Statements

Six Months Ended April 30, 2025

(Unaudited)

			(9)

			Net Loss Per Share

Basic net loss per share excludes dilution and is computed by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common