CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 34,948,000	$ 36,763,000
Restricted cash	6,400,000
Short-term investments	9,339,000	5,419,000
Accounts receivable, net of allowances of $307 and $130 as of December 31, 2022 and December 31, 2021	29,252,000	34,839,000
Inventories	89,629,000	65,912,000
Prepaid expenses and other current assets	13,977,000	17,252,000
Total current assets	183,545,000	160,185,000
Long-term investments	2,118,000	9,576,000
Property, plant and equipment, net	161,017,000	142,415,000
Operating lease right-of-use assets	1,761,000	2,324,000
Other assets	21,631,000	17,941,000
Total assets	370,072,000	332,441,000
Current liabilities:
Accounts payable	10,084,000	16,649,000
Accrued liabilities	18,164,000	17,057,000
Short-term loan from noncontrolling interest		1,887,000
Bank loans	47,078,000	12,229,000
Total current liabilities	75,326,000	47,822,000
Noncurrent operating lease liabilities	1,322,000	1,935,000
Other long-term liabilities	3,678,000	2,453,000
Total liabilities	80,326,000	52,210,000
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests (Note 18)	44,846,000	50,385,000
Stockholders' equity:
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of December 31, 2022 and December 31, 2021 (Liquidation preference of $7,699 and $7,522 as of December 31, 2022 and December 31, 2021)	3,532,000	3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 43,554 and 42,886 shares issued and outstanding as of December 31, 2022 and December 31, 2021	44,000	43,000
Additional paid-in capital	235,308,000	231,622,000
Accumulated deficit	(14,159,000)	(29,970,000)
Accumulated other comprehensive income (loss) attributable to AXT, Inc.	(3,118,000)	6,302,000
Total AXT, Inc. stockholders' equity	221,607,000	211,529,000
Noncontrolling interests	23,293,000	18,317,000
Total stockholders' equity	244,900,000	229,846,000
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 370,072,000	$ 332,441,000