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Bank Loans and Line of Credit (Tables)

12 Months Ended

Dec. 31, 2024

Bank Loans and Line of Credit

Schedule of bank loans and line of credit

The following table represents short-term bank loans as of December 31, 2024 and 2023 (in thousands, except interest rate data):


			Loan	Interest						December 31,		December 31,
Subsidiary	Bank		Detail	Rate		Start Date		Due Date		2024		2023
Tongmei	Bank of China⁽¹⁾	$	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 ⁽²⁾		2,911	3.5	%	January-23		January-24		-		2,825
	Bank of China⁽⁵⁾		1,426	2.4	%	September-24		September-25		1,370		-
			1,370	2.4	%	November-24		November-25		1,370		-
			685	2.7	%	November-24		November-25		685		-
	Bank of Communications ⁽¹⁾		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
			1,376	3.0	%	May-24		May-25		1,370		-
			2,480	3.0	%	June-24		May-25		2,466		-
	China Merchants Bank ⁽¹⁾		4,367	3.7	%	January-23		January-24		-		4,235
			1,386	3.5	%	January-24		January-25		1,370		-
			692	3.5	%	February-24		February-25		685		-
			692	3.5	%	April-24		April-25		685		-
	Bank of Beijing ⁽³⁾		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
			3,600	3.0	%	March-24		February-25		3,565		-
			3,580	3.0	%	June-24		June-25		3,565		-
	Industrial Bank ⁽¹⁾		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
			2,851	3.9	%	September-24		September-25		2,740		-
			2,679	3.9	%	October-24		October-25		2,679		-
			1,440	3.2	%	November-24		November-25		1,440		-
	NingBo Bank⁽¹⁾		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
			1,647	4.3	%	January-24		January-25		1,630		-
			1,258	4.3	%	May-24		March-25		1,255		-
			1,822	3.9	%	November-24		November-25		1,822		-
			550	3.9	%	December-24		December-25		550		-
	Industrial and Commercial Bank of China⁽¹⁾		2,744	3.3	%	September-23		September-24		-		2,825
			2,851	3.3	%	September-24		September-25		2,740		-
	NanJing Bank ⁽¹⁾		2,752	3.8	%	October-23		October-24		-		2,752
	China Citic Bank ⁽¹⁾		2,752	2.9	%	June-24		June-25		2,740		-
			2,851	2.9	%	July-24		July-25		2,740		-
			1,426	2.9	%	September-24		September-25		1,370		-
	Agricultural Bank of China ⁽¹⁾		1,235	2.6	%	November-24		November-25		1,235		-
			137	2.6	%	December-24		December-25		137		-
BoYu	Industrial and Commercial Bank of China ⁽⁴⁾		1,414	2.7	%	December-23		December-24		-		1,414
	Industrial and Commercial Bank of China ⁽¹⁾		1,426	2.8	%	September-24		September-25		1,370		-
	Bank of China ⁽¹⁾		1,204	2.4	%	January-23		January-24		-		849
			1,145	2.3	%	September-24		September-25		1,096		-
			274	2.4	%	December-24		December-25		274		-
	NingBo Bank ⁽¹⁾		1,414	3.3	%	November-23		May-24		-		1,414
	Industrial Bank ⁽¹⁾		688	3.6	%	September-23		September-24		-		708
			1,370	2.7	%	November-24		November-25		1,370		-
	Bank of Communications ⁽¹⁾		1,414	3.0	%	November-23		May-24		-		1,414
			274	3.0	%	May-24		May-25		274		-
	NanJing Bank ⁽¹⁾		1,370	2.8	%	December-24		December-25		1,370		-
	Loan Balance								$	45,963	$	52,921

Collateral for the above bank loans and line of credit

(1)

Not collateralized.

(2)

ChaoYang LiMei time deposit.

(3)

AXT time deposit.

(4)

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.

(5)

Baoding Tongmei’s land use rights and its building located at its facility in Dingxing, China. In addition, the loan attracts a guarantee fee amounting to 1.0% of the loan amount.

Schedule of maturities of long-term loan

As of December 31, 2024, the maturities of our long-term loan liabilities in five years (including current portion) are as follows (in thousands):


Maturity of long-term loans
2025	$	1,301
2026		1,301
2027		959
2028		1,233
2029		2,347