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Bank Loans and Line of Credit | 3 Months Ended
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Mar. 31, 2023
Bank Loans and Line of Credit |
Bank Loans and Line of Credit | Note 16. Bank Loans and Line of Credit ​ Our bank loans and credit facilities typically have a term of 12 months or less and are included in “Bank loan” in our condensed consolidated balance sheets. The following table represents bank loans as of March 31, 2023 and December 31, 2022 (in thousands, except interest rate data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Loan | Interest | ​ | ​ | ​ | ​ | ​ | December 31, | ​ | March 31,
Subsidiary | Bank | ​ | Detail | Rate | ​ | Start Date | ​ | Due Date | ​ | 2022 | ​ | 2023
Tongmei | Bank of China (1) | $ | 2,108 | 2.7 | % | September-22 | ​ | March-23 | $ | 2,175 | $ | -
​ | ​ | ​ | 3,935 | 4.6 | % | January-22 | ​ | January-23 | ​ | 4,059 | ​ | -
​ | ​ | ​ | 1,405 | 4.2 | % | April-22 | ​ | April-23 | ​ | 1,450 | ​ | 1,455
​ | Bank of China (5) | ​ | 1,848 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,848
​ | ​ | ​ | 2,184 | 2.8 | % | March-23 | ​ | March-24 | ​ | - | ​ | 2,184
​ | Bank of China (3) | ​ | 2,911 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,911
​ | Bank of Communications (2) | ​ | 1,405 | 3.3 | % | January-22 | ​ | January-23 | ​ | 1,450 | ​ | -
​ | ​ | ​ | 1,405 | 3.3 | % | January-22 | ​ | January-23 | ​ | 1,450 | ​ | -
​ | Bank of Communications (5) | ​ | 1,450 | 3.3 | % | December-22 | ​ | December-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 1,455 | 3.3 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,455
​ | China Merchants Bank (5) | ​ | 4,367 | 3.7 | % | January-23 | ​ | January-24 | ​ | - | ​ | 4,367
​ | Bank of Beijing (4) | ​ | 3,192 | 4.2 | % | May-22 | ​ | May-23 | ​ | 3,292 | ​ | 3,306
​ | ​ | ​ | 2,290 | 4.2 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,290
​ | Industrial Bank (5) | ​ | 5,621 | 4.4 | % | June-22 | ​ | June-23 | ​ | 5,798 | ​ | 5,823
​ | ​ | ​ | 2,811 | 4.4 | % | September-22 | ​ | September-23 | ​ | 2,900 | ​ | 2,911
​ | NingBo Bank (5) | ​ | 1,405 | 4.8 | % | June-22 | ​ | June-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 1,405 | 4.8 | % | August-22 | ​ | August-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 1,405 | 4.8 | % | September-22 | ​ | September-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 1,406 | 4.5 | % | November-22 | ​ | November-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 2,900 | 4.5 | % | December-22 | ​ | December-23 | ​ | 2,900 | ​ | 2,911
​ | ​ | ​ | 1,382 | 4.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,382
​ | Industrial and Commercial Bank of China (5) | ​ | 5,621 | 3.2 | % | September-22 | ​ | July-23 | ​ | 5,800 | ​ | 2,911
​ | NanJing Bank (5) | ​ | 2,811 | 4.3 | % | September-22 | ​ | September-23 | ​ | 2,899 | ​ | 2,911
​ | ​ | ​ | 1,265 | 4.3 | % | November-22 | ​ | November-23 | ​ | 1,305 | ​ | 1,311
BoYu | Industrial and Commercial Bank of China (6) | ​ | 1,450 | 2.8 | % | December-22 | ​ | December-23 | ​ | 1,450 | ​ | 1,455
​ | Bank of China (5) | ​ | 1,204 | 2.4 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,204
​ | NingBo Bank (5) | ​ | 703 | 4.8 | % | September-22 | ​ | March-23 | ​ | 725 | ​ | -
​ | ​ | ​ | 1,406 | 3.6 | % | November-22 | ​ | May-23 | ​ | 1,450 | ​ | 1,455
​ | ​ | ​ | 725 | 4.8 | % | December-22 | ​ | June-23 | ​ | 725 | ​ | 728
​ | ​ | $ | 728 | 3.6 | % | March-23 | ​ | September-23 | ​ | - | ​ | 728
​ | Loan Balance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 47,078 | $ | 52,821
​ Collateral for the above bank loans and line of credit
| (1) | Baoding Tongmei’s land use rights and all of its buildings located at its facility in Dingxing, China.
| (2) | ChaoYang Tongmei’s land use rights and all of its buildings located at its facility in Kazuo, China.
| (3) | ChaoYang LiMei time deposit.
| (4) | AXT time deposit.
| (5) | Not collateralized.
| (6) | BoYu’s land use rights and its building located at its facility in Tianjin, China and BoYu’s accounts receivable.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
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