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Loans and Line of Credit (Tables)

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023 (in thousands, except interest rate data):

			Loan	Interest						December 31,		September 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		-
			876	3.5	%	November-23		November-24		876		884
			1,003	3.5	%	November-23		November-24		1,003		1,012
	Bank of China ⁽²⁾		2,911	3.5	%	January-23		January-24		2,825		-
			2,770	3.0	%	January-24		January-25		-		2,851
	Bank of China⁽⁵⁾		1,426	2.4	%	September-24		September-25		-		1,426
	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		-		1,426
			2,480	3.0	%	June-24		May-25		-		2,566
	China Merchants Bank ⁽¹⁾		4,367	3.7	%	January-23		January-24		4,235		-
			1,386	3.5	%	January-24		January-25		-		1,426
			692	3.5	%	February-24		February-25		-		713
			692	3.5	%	April-24		April-25		-		713
	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		1,426
			3,600	3.0	%	March-24		February-25		-		3,706
			1,386	3.0	%	March-24		December-24		-		1,426
			3,580	3.0	%	June-24		June-25		-		3,706
	Industrial Bank ⁽¹⁾		2,757	4.3	%	June-23		June-24		2,825		-
			2,744	4.3	%	July-23		July-24		2,825		-
			2,744	4.3	%	September-23		September-24		2,825		-
			2,851	3.9	%	September-24		September-25		-		2,851
	NingBo Bank⁽¹⁾		2,744	4.2	%	August-23		September-24		2,820		-
			1,271	4.3	%	November-23		November-24		1,271		1,284
			2,825	4.3	%	December-23		December-24		2,825		2,851
			1,647	4.3	%	January-24		January-25		-		1,700
			1,258	4.3	%	May-24		March-25		-		1,303
	Industrial and Commercial Bank of China⁽¹⁾		2,744	3.3	%	September-23		September-24		2,825		-
			2,851	3.3	%	September-24		September-25		-		2,851
	NanJing Bank ⁽¹⁾		2,752	3.8	%	October-23		October-24		2,752		2,779
	China Citic Bank ⁽¹⁾		2,752	3.0	%	June-24		June-25		-		2,851
			2,851	2.9	%	July-24		July-25		-		2,851
			1,426	2.9	%	September-24		September-25		-		1,426
BoYu	Industrial and Commercial Bank of China ⁽⁴⁾		1,414	2.7	%	December-23		December-24		1,414		-
	Industrial and Commercial Bank of China ⁽¹⁾		1,426	2.8	%	September-24		September-25		-		1,426
	Bank of China ⁽¹⁾		1,204	2.4	%	January-23		January-24		849		-
			1,145	2.3	%	September-24		September-25		-		1,145
	NingBo Bank ⁽¹⁾		1,414	3.3	%	November-23		May-24		1,414		-
			1,376	3.0	%	May-24		November-24		-		1,426
			1,145	3.2	%	July-24		October-24		-		1,140
	Industrial Bank ⁽¹⁾		688	3.6	%	September-23		September-24		708		-
	Bank of Communications ⁽¹⁾		1,414	3.0	%	November-23		May-24		1,414		-
			275	3.0	%	May-24		May-25		-		285
	NanJing Bank ⁽¹⁾		1,386	3.5	%	January-24		January-25		-		1,426
	Loan Balance								$	52,921	$	52,876

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.

(5)

Baoding Tongmei’s land use rights and its building located at its facility in Dingxing, China. In addition, the loan attracts a guarantee fee amounting to 1.0% of the loan amount.

Schedule of maturities of long-term loan

As of September 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	$	321
2026		1,354
2027		998
2028		1,283
2029		2,442