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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 26,185,000 $ 28,814,000
Short-term investments 8,551,000 12,340,000
Accounts receivable, net of allowances of $1,005 and $823 as of September 30, 2015 and December 31, 2014 17,110,000 17,864,000
Inventories 38,087,000 38,574,000
Related party notes receivable - current   171,000
Prepaid expenses and other current assets 3,619,000 5,430,000
Total current assets 93,552,000 103,193,000
Long-term investments 10,713,000 7,783,000
Property, plant and equipment, net 32,346,000 33,862,000
Related party notes receivable - long-term 1,813,000 1,704,000
Other assets 14,721,000 14,975,000
Total assets 153,145,000 161,517,000
Current liabilities:    
Accounts payable 5,959,000 7,137,000
Accrued liabilities 5,513,000 7,634,000
Total current liabilities 11,472,000 14,771,000
Long-term portion of royalty payments 1,294,000 1,725,000
Other long-term liabilities 345,000 333,000
Total liabilities $ 13,111,000 $ 16,829,000
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of September 30, 2015 and December 31, 2014 (Liquidation preference of $6.4 million and $6.3 million as of September 30, 2015 and December 31, 2014.) $ 3,532,000 $ 3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 32,388 and 32,837 shares issued and outstanding as of September 30, 2015 and December 31, 2014 32,000 32,000
Additional paid-in-capital 194,381,000 195,419,000
Accumulated deficit (69,378,000) (68,393,000)
Accumulated other comprehensive income 5,166,000 7,673,000
Total AXT, Inc. stockholders' equity 133,733,000 138,263,000
Noncontrolling interests 6,301,000 6,425,000
Total stockholders' equity 140,034,000 144,688,000
Total liabilities and stockholders' equity $ 153,145,000 $ 161,517,000