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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 30,634 $ 26,156
Short-term investments 10,270 5,505
Accounts receivable, net of allowances of $245 and $124 as of December 31, 2012 and 2011, respectively 17,912 17,966
Inventories 40,352 46,012
Related party notes receivable - current 2,036 412
Prepaid expenses and other current assets 5,268 7,052
Total current assets 106,472 103,103
Long-term investments 9,191 8,981
Property, plant and equipment, net 37,235 34,282
Related party notes receivable - long-term 416 2,021
Other assets 14,275 14,101
Total assets 167,589 162,488
Current liabilities:    
Accounts payable 5,894 3,286
Accrued liabilities 7,202 7,597
Total current liabilities 13,096 10,883
Long-term portion of royalty payments 3,325 4,125
Other long-term liabilities 254 431
Total liabilities 16,675 15,439
Commitments and contingencies (Note 17)      
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of December 31, 2012 and 2011 (Liquidation preference of $5.9 million and $5.8 million as of December 31, 2012 and 2011, respectively) 3,532 3,532
Common stock, $0.001 par value; 70,000 shares authorized; 32,471 and 32,222 shares issued and outstanding as of December 31, 2012 and 2011, respectively 32 32
Additional paid-in-capital 193,063 191,554
Accumulated deficit (59,047) (62,157)
Accumulated other comprehensive income 6,033 5,818
Total AXT, Inc. stockholders' equity 143,613 138,779
Noncontrolling interests 7,301 8,270
Total stockholders' equity 150,914 147,049
Total liabilities and stockholders' equity $ 167,589 $ 162,488