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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 28,640 $ 28,814
Short-term investments 3,932 12,340
Accounts receivable, net of allowances of $1,041 and $823 as of June 30, 2015 and December 31, 2014 19,312 17,864
Inventories 38,901 38,574
Related party notes receivable - current 174 171
Prepaid expenses and other current assets 3,481 5,430
Total current assets 94,440 103,193
Long-term investments 13,699 7,783
Property, plant and equipment, net 33,366 33,862
Related party notes receivable - long-term 1,711 1,704
Other assets 15,000 14,975
Total assets 158,216 161,517
Current liabilities:    
Accounts payable 7,323 7,137
Accrued liabilities 6,043 7,634
Total current liabilities 13,366 14,771
Long-term portion of royalty payments 1,438 1,725
Other long-term liabilities 332 333
Total liabilities $ 15,136 $ 16,829
Commitments and contingencies (Note 11)    
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of June 30, 2015 and December 31, 2014 (Liquidation preference of $6.4 million and $6.3 million as of June 30, 2015 and December 31, 2014.) $ 3,532 $ 3,532
Common stock, $0.001 par value; 70,000 shares authorized; 32,661 and 32,837 shares issued and outstanding as of June 30, 2015 and December 31, 2014. 32 32
Additional paid-in-capital 194,714 195,419
Accumulated deficit (69,420) (68,393)
Accumulated other comprehensive income 7,586 7,673
Total AXT, Inc. stockholders' equity 136,444 138,263
Noncontrolling interests 6,636 6,425
Total stockholders' equity 143,080 144,688
Total liabilities and stockholders' equity $ 158,216 $ 161,517