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Bank Loans and Line of Credit (Tables) | 6 Months Ended
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Jun. 30, 2023
Bank Loans and Line of Credit |
Schedule of bank loans and line of credit | The following table represents bank loans as of June 30, 2023 and December 31, 2022 (in thousands, except interest rate data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Loan | Interest | ​ | ​ | ​ | ​ | ​ | December 31, | ​ | June 30,
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 | ​ | -
​ | Bank of China (5) | ​ | 1,848 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,751
​ | ​ | ​ | 2,184 | 2.8 | % | March-23 | ​ | March-24 | ​ | - | ​ | 2,067
​ | Bank of China (3) | ​ | 2,911 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,757
​ | 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 | ​ | 1,380
​ | ​ | ​ | 1,455 | 3.3 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,380
​ | ​ | ​ | 1,380 | 3.8 | % | May-23 | ​ | May-24 | ​ | - | ​ | 1,380
​ | China Merchants Bank (5) | ​ | 4,367 | 3.7 | % | January-23 | ​ | January-24 | ​ | - | ​ | 4,134
​ | Bank of Beijing (4) | ​ | 3,192 | 4.2 | % | May-22 | ​ | May-23 | ​ | 3,292 | ​ | -
​ | ​ | ​ | 2,290 | 4.2 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,168
​ | ​ | ​ | 3,541 | 3.2 | % | June-23 | ​ | May-24 | ​ | - | ​ | 3,541
​ | ​ | ​ | 1,380 | 3.2 | % | June-23 | ​ | February-24 | ​ | - | ​ | 1,380
​ | Industrial Bank (5) | ​ | 5,621 | 4.4 | % | June-22 | ​ | June-23 | ​ | 5,798 | ​ | -
​ | ​ | ​ | 2,811 | 4.4 | % | September-22 | ​ | September-23 | ​ | 2,900 | ​ | 2,757
​ | ​ | ​ | 2,757 | 4.3 | % | June-23 | ​ | June-24 | ​ | - | ​ | 2,757
​ | NingBo Bank (5) | ​ | 1,405 | 4.8 | % | June-22 | ​ | June-23 | ​ | 1,450 | ​ | -
​ | ​ | ​ | 1,405 | 4.8 | % | August-22 | ​ | August-23 | ​ | 1,450 | ​ | -
​ | ​ | ​ | 1,405 | 4.8 | % | September-22 | ​ | September-23 | ​ | 1,450 | ​ | 1,380
​ | ​ | ​ | 1,406 | 4.5 | % | November-22 | ​ | November-23 | ​ | 1,450 | ​ | 1,380
​ | ​ | ​ | 2,900 | 4.5 | % | December-22 | ​ | December-23 | ​ | 2,900 | ​ | 2,757
​ | ​ | ​ | 1,382 | 4.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,309
​ | Industrial and Commercial Bank of China (5) | ​ | 5,621 | 3.2 | % | September-22 | ​ | July-23 | ​ | 5,800 | ​ | 2,757
​ | NanJing Bank (5) | ​ | 2,811 | 4.3 | % | September-22 | ​ | September-23 | ​ | 2,899 | ​ | 2,757
​ | ​ | ​ | 1,265 | 4.3 | % | November-22 | ​ | November-23 | ​ | 1,305 | ​ | 1,240
BoYu | Industrial and Commercial Bank of China (6) | ​ | 1,450 | 2.8 | % | December-22 | ​ | December-23 | ​ | 1,450 | ​ | 1,380
​ | Bank of China (5) | ​ | 1,204 | 2.4 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,140
​ | NingBo Bank (5) | ​ | 703 | 4.8 | % | September-22 | ​ | March-23 | ​ | 725 | ​ | -
​ | ​ | ​ | 1,406 | 3.6 | % | November-22 | ​ | May-23 | ​ | 1,450 | ​ | -
​ | ​ | ​ | 725 | 4.8 | % | December-22 | ​ | June-23 | ​ | 725 | ​ | -
​ | ​ | ​ | 728 | 3.6 | % | March-23 | ​ | September-23 | ​ | - | ​ | 690
​ | ​ | ​ | 690 | 3.7 | % | May-23 | ​ | November-23 | ​ | - | ​ | 690
​ | ​ | ​ | 690 | 3.7 | % | June-23 | ​ | December-23 | ​ | - | ​ | 690
​ | Loan Balance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 47,078 | $ | 45,622
​ 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 Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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