Loans and Line of Credit (Tables)

3 Months Ended

Mar. 31, 2024

Loans and Line of Credit

Schedule of bank loans and line of credit

The following table represents short-term bank loans as of March 31, 2024 and December 31, 2023 (in thousands, except interest rate data):

			Loan	Interest					December 31,		March 31,
Subsidiary	Bank		Detail	Rate		Start Date	Due Date		2023		2024
Tongmei	Bank of China (1)	$	1,848	3.5	%	January-23	January-24	$	1,795	$	-
			2,184	2.8	%	March-23	March-24		2,118		-
			376	2.7	%	September-23	September-24		386		378
			876	3.5	%	November-23	November-24		876		858
			1,003	3.5	%	November-23	November-24		1,003		985
	Bank of China (2)		2,911	3.5	%	January-23	January-24		2,825		-
			2,770	3.0	%	January-24	January-25		-		2,770
	Bank of Communications (1)		1,455	3.3	%	January-23	January-24		1,414		-
			1,380	3.8	%	May-23	May-24		1,414		1,386
			1,373	3.8	%	July-23	May-24		1,414		1,386
	China Merchants Bank (1)		4,367	3.7	%	January-23	January-24		4,235		-
			1,386	3.5	%	January-24	January-25		-		1,386
			692	3.5	%	February-24	February-25		-		692
	Bank of Beijing (3)		2,290	4.2	%	January-23	January-24		2,220		-
			3,541	3.2	%	June-23	May-24		3,626		3,560
			1,380	3.2	%	June-23	February-24		1,414		-
			1,414	3.0	%	December-23	December-24		1,414		1,386
			3,600	3.0	%	March-24	February-25		-		3,600
			1,386	3.0	%	March-24	December-24		-		1,386
	Industrial Bank (1)		2,757	4.3	%	June-23	June-24		2,825		2,770
			2,744	4.3	%	July-23	July-24		2,825		2,770
			2,744	4.3	%	September-23	September-24		2,825		2,770
	NingBo Bank (1)		2,744	4.2	%	August-23	September-24		2,820		2,765
			1,271	4.3	%	November-23	November-24		1,271		1,246
			2,825	4.3	%	December-23	December-24		2,825		2,770
			1,647	4.3	%	January-24	January-25		-		1,647
	Industrial and Commercial Bank of China (1)		2,744	3.3	%	September-23	September-24		2,825		2,770
	NanJing Bank (1)		2,752	3.8	%	October-23	October-24		2,752		2,700
BoYu	Industrial and Commercial Bank of China (4)		1,414	2.7	%	December-23	December-24		1,414		1,386
	Bank of China (1)		1,204	2.4	%	January-23	January-24		849		-
	NingBo Bank (1)		1,414	3.3	%	November-23	May-24		1,414		1,386
	Industrial Bank (1)		688	3.6	%	September-23	September-24		708		692
	Bank of Communications (1)		1,414	3.0	%	November-23	May-24		1,414		1,386
	NanJing Bank (1)		1,386	3.5	%	January-24	January-25		-		1,386
	Loan Balance							$	52,921	$	48,217

Collateral for the above bank loans and line of credit

(1) Not collateralized.

(2) ChaoYang LiMei time deposit.

(3) AXT time deposit.

(4) BoYu’s land use rights and its building located at its facility in Tianjin, China. In addition, the December 2023 loan attracts a guarantee fee amounting to 0.7% of the loan amount.

Schedule of maturities of long-term loan

As of March 31, 2024, the maturities of our long-term loan liabilities in five years (excluding short-term loans) are as follows (in thousands):

Maturity of long term loans
2025	$	1,038
2026		1,315
2027		969
2028		1,246
2029		2,371