Loans and Line of Credit (Tables)

6 Months Ended

Jun. 30, 2024

Loans and Line of Credit

Schedule of bank loans and line of credit

The following table represents short-term bank loans as of June 30, 2024 and December 31, 2023 (in thousands, except interest rate data):

			Loan	Interest					December 31,		June 30,
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		376
			876	3.5	%	November-23	November-24		876		855
			1,003	3.5	%	November-23	November-24		1,003		980
	Bank of China (2)		2,911	3.5	%	January-23	January-24		2,825		-
			2,770	3.0	%	January-24	January-25		-		2,755
	Bank of Communications (1)		1,455	3.3	%	January-23	January-24		1,414		-
			1,380	3.8	%	May-23	May-24		1,414		-
			1,373	3.8	%	July-23	May-24		1,414		-
			1,376	3.0	%	May-24	May-25		-		1,376
			2,480	3.0	%	June-24	May-25		-		2,480
	China Merchants Bank (1)		4,367	3.7	%	January-23	January-24		4,235		-
			1,386	3.5	%	January-24	January-25		-		1,376
			692	3.5	%	February-24	February-25		-		690
			692	3.5	%	April-24	April-25		-		690
	Bank of Beijing (3)		2,290	4.2	%	January-23	January-24		2,220		-
			3,541	3.2	%	June-23	May-24		3,626		-
			1,380	3.2	%	June-23	February-24		1,414		-
			1,414	3.0	%	December-23	December-24		1,414		1,376
			3,600	3.0	%	March-24	February-25		-		3,577
			1,386	3.0	%	March-24	December-24		-		1,376
			3,580	3.0	%	June-24	June-25		-		3,577
	Industrial Bank (1)		2,757	4.3	%	June-23	June-24		2,825		-
			2,744	4.3	%	July-23	July-24		2,825		2,752
			2,744	4.3	%	September-23	September-24		2,825		2,752
	NingBo Bank (1)		2,744	4.2	%	August-23	September-24		2,820		2,746
			1,271	4.3	%	November-23	November-24		1,271		1,238
			2,825	4.3	%	December-23	December-24		2,825		2,752
			1,647	4.3	%	January-24	January-25		-		1,637
			1,258	4.3	%	May-24	March-25		-		1,258
	Industrial and Commercial Bank of China (1)		2,744	3.3	%	September-23	September-24		2,825		2,752
	NanJing Bank (1)		2,752	3.8	%	October-23	October-24		2,752		2,683
	China Citic Bank (1)		2,752	3.0	%	June-24	June-25		-		2,752
BoYu	Industrial and Commercial Bank of China (4)		1,414	2.7	%	December-23	December-24		1,414		1,376
	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		-
			1,376	3.0	%	May-24	November-24		-		1,376
	Industrial Bank (1)		688	3.6	%	September-23	September-24		708		690
	Bank of Communications (1)		1,414	3.0	%	November-23	May-24		1,414		-
			275	3.0		May-24	May-25		-		275
	NanJing Bank (1)		1,386	3.5	%	January-24	January-25		-		1,376
	Loan Balance							$	52,921	$	49,899

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 June 30, 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	$	894
2026		1,307
2027		963
2028		1,238
2029		2,357