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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 24,961 $ 30,634
Short-term investments 12,499 10,270
Accounts receivable, net of allowances of $1,054 and $245 as of December 31, 2013 and 2012, respectively 14,943 17,912
Inventories 39,127 40,352
Related party notes receivable - current 0 2,036
Prepaid expenses and other current assets 8,010 5,268
Total current assets 99,540 106,472
Long-term investments 10,145 9,191
Property, plant and equipment, net 37,621 37,235
Related party notes receivable - long-term 1,715 416
Other assets 14,801 14,275
Total assets 163,822 167,589
Current liabilities:    
Accounts payable 8,140 5,894
Accrued liabilities 7,286 7,202
Total current liabilities 15,426 13,096
Long-term portion of royalty payments 2,525 3,325
Other long-term liabilities 325 254
Total liabilities 18,276 16,675
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, 2013 and 2012 (Liquidation preference of $6.1 million and $5.9 million as of December 31, 2013 and 2012, respectively) 3,532 3,532
Common stock, $0.001 par value; 70,000 shares authorized; 32,605 and 32,471 shares issued and outstanding as of December 31, 2013 and 2012, respectively 32 32
Additional paid-in-capital 194,156 193,063
Accumulated deficit (67,005) (59,047)
Accumulated other comprehensive income 8,953 6,033
Total AXT, Inc. stockholders' equity 139,668 143,613
Noncontrolling interests 5,878 7,301
Total stockholders' equity 145,546 150,914
Total liabilities and stockholders' equity $ 163,822 $ 167,589