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Bank Loans and Line of Credit (Tables)

9 Months Ended

Sep. 30, 2023

Bank Loans and Line of Credit

Schedule of bank loans and line of credit

The following table represents bank loans as of September 30, 2023 and December 31, 2022 (in thousands, except interest rate data):


			Loan	Interest						December 31,		September 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		-		1,741
			2,184	2.8	%	March-23		March-24		-		2,056
			376	2.7	%	September-23		September-24		-		376
	Bank of China (3)		2,911	3.5	%	January-23		January-24		-		2,746
	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		1,373
			1,455	3.3	%	January-23		January-24		-		1,373
			1,380	3.8	%	May-23		May-24		-		1,373
			1,373	3.8	%	July-23		May-24		-		1,373
	China Merchants Bank (5)		4,367	3.7	%	January-23		January-24		-		4,112
	Bank of Beijing (4)		3,192	4.2	%	May-22		May-23		3,292		-
			2,290	4.2	%	January-23		January-24		-		2,157
			3,541	3.2	%	June-23		May-24		-		3,522
			1,380	3.2	%	June-23		February-24		-		1,373
	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	4.3	%	June-23		June-24		-		2,744
			2,744	4.3	%	July-23		July-24		-		2,744
			2,744	4.3	%	September-23		September-24		-		2,744
	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		-
			1,406	4.5	%	November-22		November-23		1,450		1,373
			2,900	4.5	%	December-22		December-23		2,900		-
			1,382	4.5	%	January-23		January-24		-		1,303
			2,744	4.2	%	August-23		September-24		-		2,744
	Industrial and Commercial Bank of China (5)		5,621	3.2	%	September-22		July-23		5,800		-
			2,744	3.3	%	September-23		September-24		-		2,744
	NanJing Bank (5)		2,811	4.3	%	September-22		September-23		2,899		-
			1,265	4.3	%	November-22		November-23		1,305		1,234
BoYu	Industrial and Commercial Bank of China (6)		1,450	2.8	%	December-22		December-23		1,450		1,373
	Bank of China (5)		1,204	2.4	%	January-23		January-24		-		1,134
	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		-
			690	3.7	%	May-23		November-23		-		688
			690	3.7	%	June-23		December-23		-		688
	Industrial Bank (5)		688	3.6	%	September-23		September-24		-		688
	Loan Balance								$	47,078	$	45,776

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.