The Company and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

The Company and Summary of Significant Accounting Policies

Schedule of amounts recorded in accrued liabilities

	December 31,		December 31,
	2019		2018
Contract liabilities	$	(396)	$	(476)
During the three and twelve months ended December 31, 2019, the Company recognized $0 and $0.4 million, respectively, of revenue that was included in the contract balances as of December 31, 2018.

Schedule of accumulated other comprehensive income (loss)

The balance of accumulated other comprehensive income (loss) is as follows (in thousands):

	As of December 31,
	2019		2018
Accumulated other comprehensive loss:
Unrealized loss on investments, net	$	(3)	$	(84)
Cumulative translation adjustment		(4,842)		(1,845)
		(4,845)		(1,929)
Less: Cumulative translation adjustment attributable to noncontrolling interests		17		43
Accumulated other comprehensive loss attributable to AXT, Inc.	$	(4,862)	$	(1,972)

Schedule of new accounting pronouncements and changes in accounting principles

	As Reported		Adoption of ASC 842			Balance
	December 31, 2018		Increase (Decrease)			January 1, 2019
Operating lease right-of-use assets	$	—	$	1,086		$	1,086
Total assets		223,524		1,086			224,610
Accrued liabilities		15,371		128	*		15,499
Total current liabilities		28,709		128			28,837
Long-term liability - operating leases		—		958			958
Total liabilities		28,992		1,086			30,078
Total liabilities and equity		223,524		1,086			224,610
* Short-term portion of lease liability included in accrued liabilities