XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 29,698,000 $ 44,352,000
Short-term investments 18,802,000 20,032,000
Accounts receivable, net of allowances of $358 and $527 as of June 30, 2018 and December 31, 2017 22,516,000 22,778,000
Inventories 57,038,000 45,840,000
Prepaid expenses and other current assets 9,416,000 7,519,000
Total current assets 137,470,000 140,521,000
Long-term investments 5,714,000 12,576,000
Property, plant and equipment, net 65,174,000 46,530,000
Other assets 11,323,000 11,573,000
Total assets 219,681,000 211,200,000
Current liabilities:    
Accounts payable 14,059,000 11,445,000
Accrued liabilities 11,793,000 11,149,000
Total current liabilities 25,852,000 22,594,000
Other long-term liabilities 296,000 289,000
Total liabilities 26,148,000 22,883,000
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of June 30, 2018 and December 31, 2017 (Liquidation preference of $6,904 and $6,819 as of June 30, 2018 and December 31, 2017) 3,532,000 3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 39,511 and 39,413 shares issued and outstanding as of June 30, 2018 and December 31, 2017 39,000 39,000
Additional paid-in capital 232,984,000 231,679,000
Accumulated deficit (48,061,000) (54,837,000)
Accumulated other comprehensive income 1,172,000 3,407,000
Total AXT, Inc. stockholders' equity 189,666,000 183,820,000
Noncontrolling interests 3,867,000 4,497,000
Total stockholders' equity 193,533,000 188,317,000
Total liabilities and stockholders' equity $ 219,681,000 $ 211,200,000