Bank Loans and Line of Credit

12 Months Ended

Dec. 31, 2022

Bank Loans and Line of Credit

Bank Loans and Line of Credit

Note 8. Bank Loans and Line of Credit

Our bank loans and credit facilities typically have a term of 12 months or less and are included in “Bank loan” in our consolidated balance sheets. The following table represents bank loans as of December 31, 2022 and 2021 (in thousands, except interest rate data):

			Loan	Interest					December 31,		December 31,
Subsidiary	Bank		Detail	Rate		Start Date	Due Date		2021		2022
Tongmei	Bank of China (1)	$	1,405	3.9	%	September-21	March-22	$	1,573	$	-
			1,050	3.9	%	September-21	March-22		1,220		-
			3,935	4.6	%	January-22	January-23		-		4,059
			2,108	2.7	%	September-22	March-23		-		2,175
			1,405	4.2	%	April-22	April-23		-		1,450
	Bank of Communications (2)		2,811	4.0	%	September-21	September-22		3,144		-
			1,405	4.0	%	November-21	November-22		1,573		-
			1,405	3.3	%	January-22	January-23		-		1,450
			1,405	3.3	%	January-22	January-23		-		1,450
	Bank of Communications (5)		1,450	3.3	%	December-22	December-23		-		1,450
	China Merchants Bank (3)		1,405	3.6	%	December-21	December-22		1,573		-
	China Merchants Bank (5)		1,405	4.2	%	December-21	December-22		1,573		-
	Bank of Beijing (4)		3,192	4.2	%	May-22	May-23		-		3,292
	Industrial Bank (5)		5,621	4.4	%	June-22	June-23		-		5,798
			2,811	4.4	%	September-22	September-23		-		2,900
	NingBo Bank (5)		1,405	4.8	%	June-22	June-23		-		1,450
			1,405	4.8	%	August-22	August-23		-		1,450
			1,405	4.8	%	September-22	September-23		-		1,450
			1,406	4.5	%	November-22	November-23		-		1,450
			2,900	4.5	%	December-22	December-23		-		2,900
	Industrial and Commercial Bank of China (5)		5,621	3.2	%	September-22	July-23		-		5,800
	NanJing Bank (5)		2,811	4.3	%	September-22	September-23		-		2,899
			1,265	4.3	%	November-22	November-23		-		1,305
BoYu	Industrial and Commercial Bank of China (6)		1,405	3.9	%	December-21	December-22		1,573		-
			1,450	2.8	%	December-22	December-23		-		1,450
	NingBo Bank (5)		703	4.8	%	September-22	March-23		-		725
			1,406	3.6	%	November-22	May-23		-		1,450
		$	725	4.8	%	December-22	June-23		-		725
	Loan Balance							$	12,229	$	47,078

Collateral for the above bank loans and line of credit

(1) Baoding Tongmei’s land use rights and all of its buildings located at its facility in Dingxing, China.

(2) ChaoYang Tongmei’s land use rights and all of its buildings located at its facility in Kazuo, China.

(3) Beijing Capital Financing Guarantee Co., Ltd. in exchange for the guarantee fee of 1.5% of the loan amount.

(4) AXT time deposit.

(5) Not collateralized.

(6) BoYu’s land use rights and its building located at its facility in Tianjin, China and BoYu’s accounts receivable. In addition, the December 2022 loan attracts a guarantee fee amounting to 1.78% of the loan amount.