CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 37,752,000	$ 34,948,000
Restricted cash	12,362,000	6,400,000
Short-term investments	2,140,000	9,339,000
Accounts receivable, net of allowances for credit losses of $579 and $307 as of December 31, 2023 and December 31, 2022	19,256,000	29,252,000
Inventories	86,503,000	89,629,000
Prepaid expenses and other current assets	12,643,000	13,977,000
Total current assets	170,656,000	183,545,000
Long-term investments		2,118,000
Property, plant and equipment, net	166,348,000	161,017,000
Operating lease right-of-use assets	2,799,000	1,761,000
Other assets	18,898,000	21,631,000
Total assets	358,701,000	370,072,000
Current liabilities:
Accounts payable	9,617,000	10,084,000
Accrued liabilities	19,019,000	18,164,000
Bank loans	52,921,000	47,078,000
Total current liabilities	81,557,000	75,326,000
Noncurrent operating lease liabilities	2,351,000	1,322,000
Other long-term liabilities	5,647,000	3,678,000
Total liabilities	89,555,000	80,326,000
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests (Note 18)	41,663,000	44,846,000
Stockholders' equity:
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of December 31, 2023 and December 31, 2022 (Liquidation preference of $7,875 and $7,699 as of December 31, 2023 and December 31, 2022)	3,532,000	3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 44,239 and 43,554 shares issued and outstanding as of December 31, 2023 and December 31, 2022	44,000	44,000
Additional paid-in capital	238,452,000	235,308,000
Accumulated deficit	(32,040,000)	(14,159,000)
Accumulated other comprehensive loss	(5,999,000)	(3,118,000)
Total AXT, Inc. stockholders' equity	203,989,000	221,607,000
Noncontrolling interests	23,494,000	23,293,000
Total stockholders' equity	227,483,000	244,900,000
Total liabilities, redeemable noncontrolling interests and stockholders' equity	$ 358,701,000	$ 370,072,000