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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 18,035,000 $ 44,352,000
Short-term investments 21,910,000 20,032,000
Accounts receivable, net of allowances of $358 and $527 as of September 30, 2018 and December 31, 2017 23,308,000 22,778,000
Inventories 58,717,000 45,840,000
Prepaid expenses and other current assets 10,625,000 7,519,000
Total current assets 132,595,000 140,521,000
Long-term investments 1,906,000 12,576,000
Property, plant and equipment, net 74,754,000 46,530,000
Other assets 11,194,000 11,573,000
Total assets 220,449,000 211,200,000
Current liabilities:    
Accounts payable 12,344,000 11,445,000
Accrued liabilities 12,776,000 11,149,000
Bank loan 291,000  
Total current liabilities 25,411,000 22,594,000
Other long-term liabilities 320,000 289,000
Total liabilities 25,731,000 22,883,000
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of September 30, 2018 and December 31, 2017 (Liquidation preference of $6,948 and $6,819 as of September 30, 2018 and December 31, 2017) 3,532,000 3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 39,538 and 39,413 shares issued and outstanding as of September 30, 2018 and December 31, 2017 39,000 39,000
Additional paid-in capital 233,522,000 231,679,000
Accumulated deficit (44,122,000) (54,837,000)
Accumulated other comprehensive income (loss) (1,846,000) 3,407,000
Total AXT, Inc. stockholders' equity 191,125,000 183,820,000
Noncontrolling interests 3,593,000 4,497,000
Total stockholders' equity 194,718,000 188,317,000
Total liabilities and stockholders' equity $ 220,449,000 $ 211,200,000