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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 36,763,000 $ 72,602,000
Short-term investments 5,419,000 240,000
Accounts receivable, net of allowances of $130 and $217 as of December 31, 2021 and December 31, 2020 34,839,000 24,558,000
Inventories 65,912,000 51,515,000
Prepaid expenses and other current assets 17,252,000 15,603,000
Total current assets 160,185,000 164,518,000
Long-term investments 9,576,000 5,726,000
Property, plant and equipment, net 142,415,000 115,825,000
Operating lease right-of-use assets 2,324,000 2,683,000
Other assets 17,941,000 10,110,000
Total assets 332,441,000 298,862,000
Current liabilities:    
Accounts payable 16,649,000 12,669,000
Accrued liabilities 17,057,000 15,995,000
Short-term loan from noncontrolling interest 1,887,000  
Bank loan 12,229,000 10,411,000
Total current liabilities 47,822,000 39,075,000
Noncurrent operating lease liabilities 1,935,000 2,374,000
Other long-term liabilities 2,453,000 1,881,000
Total liabilities 52,210,000 43,330,000
Commitments and contingencies (Note 16)
Redeemable noncontrolling interests (Note 18) 50,385,000 47,563,000
Stockholders' equity:    
Preferred stock Series A, $0.001 par value; 2,000 shares authorized; 883 shares issued and outstanding as of December 31, 2021 and December 31, 2020 (Liquidation preference of $7,522 and $7,346 as of December 31, 2021 and December 31, 2020) 3,532,000 3,532,000
Common stock, $0.001 par value; 70,000 shares authorized; 42,886 and 41,967 shares issued and outstanding as of December 31, 2021 and December 31, 2020 43,000 42,000
Additional paid-in capital 231,622,000 230,381,000
Accumulated deficit (29,970,000) (44,545,000)
Accumulated other comprehensive income 6,302,000 3,209,000
Total AXT, Inc. stockholders' equity 211,529,000 192,619,000
Noncontrolling interests 18,317,000 15,350,000
Total stockholders' equity 229,846,000 207,969,000
Total liabilities, redeemable noncontrolling interests and stockholders' equity $ 332,441,000 $ 298,862,000