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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 22,760 $ 24,961
Short-term investments 22,375 12,499
Accounts receivable, net of allowances of $791 and $1,054 as of March 31, 2014 and December 31, 2013 16,364 14,943
Inventories 38,040 39,127
Prepaid expenses and other current assets 6,401 8,010
Total current assets 105,940 99,540
Long-term investments 1,678 10,145
Property, plant and equipment, net 36,179 37,621
Related party notes receivable - long-term 1,701 1,715
Other assets 14,752 14,801
Total assets 160,250 163,822
Current liabilities:    
Accounts payable 7,618 8,140
Accrued liabilities 6,646 7,286
Total current liabilities 14,264 15,426
Long-term portion of royalty payments 2,325 2,525
Other long-term liabilities 272 325
Total liabilities 16,861 18,276
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of March 31, 2014 and December 31, 2013 (Liquidation preference of $6.2 million and $6.1 million as of March 31, 2014 and December 31, 2013, respectively) 3,532 3,532
Common stock, $0.001 par value per share; 70,000 shares authorized; 32,605 and 32,605 shares issued and outstanding as of March 31, 2014 and December 31, 2013, respectively 32 32
Additional paid-in capital 194,448 194,156
Accumulated deficit (69,045) (67,005)
Accumulated other comprehensive income 8,500 8,953
AXT, Inc. stockholders' equity 137,467 139,668
Noncontrolling interests 5,922 5,878
Total stockholders' equity 143,389 145,546
Total liabilities and stockholders' equity $ 160,250 $ 163,822