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Bank Loans and Line of Credit (Tables)
12 Months Ended
Dec. 31, 2022
Bank Loans and Line of Credit  
Schedule of bank loans and line of credit

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.