XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 21,959 $ 30,634 [1]
Short-term investments 6,581 10,270 [1]
Accounts receivable, net of allowances of $583 and $245 as of June 30, 2013 and December 31, 2012, respectively 20,091 17,912 [1]
Inventories 36,836 40,352 [1]
Related party notes receivable - current 2,502 2,036 [1]
Prepaid expenses and other current assets 7,022 5,268 [1]
Total current assets 94,991 106,472 [1]
Long-term investments 16,886 9,191 [1]
Property, plant and equipment, net 37,301 37,235 [1]
Related party notes receivable - long-term 0 416 [1]
Other assets 14,352 14,275 [1]
Total assets 163,530 167,589 [1]
Current liabilities:    
Accounts payable 5,375 5,894 [1]
Accrued liabilities 9,136 7,202 [1]
Total current liabilities 14,511 13,096 [1]
Long-term portion of royalty payments 2,925 3,325 [1]
Other long-term liabilities 157 254 [1]
Total liabilities 17,593 16,675 [1]
Commitments and contingencies (Note 11)       [1]
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively (Liquidation preference of $6.0 million and $5.9 million as of June 30, 2013 and December 31, 2012, respectively) 3,532 3,532 [1]
Common stock, $0.001 par value per share; 70,000 shares authorized; 32,607 and 32,471 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively 32 32 [1]
Additional paid-in capital 193,720 193,063 [1]
Accumulated deficit (63,482) (59,047) [1]
Accumulated other comprehensive income 6,650 6,033 [1]
Total AXT, Inc. stockholders' equity 140,452 143,613 [1]
Noncontrolling interests 5,485 7,301 [1]
Total stockholders' equity 145,937 150,914 [1]
Total liabilities and stockholders' equity $ 163,530 $ 167,589 [1]
[1] The condensed consolidated balance sheet at December 31, 2012 has been derived from the audited consolidated financial statements at that date.