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Bank Loans and Line of Credit | 12 Months Ended
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Dec. 31, 2023
Bank Loans and Line of Credit |
Bank Loans and Line of Credit | Note 8. 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 consolidated balance sheets. The following table represents bank loans as of December 31, 2023 and 2022 (in thousands, except interest rate data): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Loan | Interest | ​ | ​ | ​ | ​ | ​ | December 31, | ​ | December 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 | ​ | -
​ | Bank of China (5) | ​ | 1,848 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,795
​ | ​ | ​ | 2,184 | 2.8 | % | March-23 | ​ | March-24 | ​ | - | ​ | 2,118
​ | ​ | ​ | 376 | 2.7 | % | September-23 | ​ | September-24 | ​ | - | ​ | 386
​ | ​ | ​ | 876 | 3.5 | % | November-23 | ​ | November-24 | ​ | - | ​ | 876
​ | ​ | ​ | 1,003 | 3.5 | % | November-23 | ​ | November-24 | ​ | - | ​ | 1,003
​ | Bank of China (3) | ​ | 2,911 | 3.5 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,825
​ | 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 | 3.3 | % | January-23 | ​ | January-24 | ​ | - | ​ | 1,414
​ | ​ | ​ | 1,380 | 3.8 | % | May-23 | ​ | May-24 | ​ | - | ​ | 1,414
​ | ​ | ​ | 1,373 | 3.8 | % | July-23 | ​ | May-24 | ​ | - | ​ | 1,414
​ | China Merchants Bank (5) | ​ | 4,367 | 3.7 | % | January-23 | ​ | January-24 | ​ | - | ​ | 4,235
​ | Bank of Beijing (4) | ​ | 3,192 | 4.2 | % | May-22 | ​ | May-23 | ​ | 3,292 | ​ | -
​ | ​ | ​ | 2,290 | 4.2 | % | January-23 | ​ | January-24 | ​ | - | ​ | 2,220
​ | ​ | ​ | 3,541 | 3.2 | % | June-23 | ​ | May-24 | ​ | - | ​ | 3,626
​ | ​ | ​ | 1,380 | 3.2 | % | June-23 | ​ | February-24 | ​ | - | ​ | 1,414
​ | ​ | ​ | 1,414 | 3.0 | % | December-23 | ​ | December-24 | ​ | - | ​ | 1,414
​ | 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 | ​ | - | ​ | 2,825
​ | ​ | ​ | 2,744 | 4.3 | % | July-23 | ​ | July-24 | ​ | - | ​ | 2,825
​ | ​ | ​ | 2,744 | 4.3 | % | September-23 | ​ | September-24 | ​ | - | ​ | 2,825
​ | 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 | ​ | -
​ | ​ | ​ | 2,900 | 4.5 | % | December-22 | ​ | December-23 | ​ | 2,900 | ​ | -
​ | ​ | ​ | 2,744 | 4.2 | % | August-23 | ​ | September-24 | ​ | - | ​ | 2,820
​ | ​ | ​ | 1,271 | 4.3 | % | November-23 | ​ | November-24 | ​ | - | ​ | 1,271
​ | ​ | ​ | 2,825 | 4.3 | % | December-23 | ​ | December-24 | ​ | - | ​ | 2,825
​ | 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 | ​ | - | ​ | 2,825
​ | NanJing Bank (5) | ​ | 2,811 | 4.3 | % | September-22 | ​ | September-23 | ​ | 2,899 | ​ | -
​ | ​ | ​ | 1,265 | 4.3 | % | November-22 | ​ | November-23 | ​ | 1,305 | ​ | -
​ | ​ | ​ | 2,752 | 3.8 | % | October-23 | ​ | October-24 | ​ | - | ​ | 2,752
BoYu | Industrial and Commercial Bank of China (6) | ​ | 1,450 | 2.8 | % | December-22 | ​ | December-23 | ​ | 1,450 | ​ | -
​ | ​ | ​ | 1,414 | 2.7 | % | December-23 | ​ | December-24 | ​ | - | ​ | 1,414
​ | Bank of China (5) | ​ | 1,204 | 2.4 | % | January-23 | ​ | January-24 | ​ | - | ​ | 849
​ | 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 | ​ | -
​ | ​ | ​ | 1,414 | 3.3 | % | November-23 | ​ | May-24 | ​ | - | ​ | 1,414
​ | Industrial Bank (5) | ​ | 688 | 3.6 | % | September-23 | ​ | September-24 | ​ | - | ​ | 708
​ | Bank of Communications (5) | ​ | 1,414 | 3.0 | % | November-23 | ​ | May-24 | ​ | - | ​ | 1,414
​ | Loan Balance | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 47,078 | $ | 52,921
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. In addition, the December 2023 loan attracts a guarantee fee amounting to 0.7% of the loan amount.

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