Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 105

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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64,699  $67,428 
 Restricted cash   22,496   11,705 
 Total cash, cash equivalents and restricted cash shown in the statement of cash flows  $87,195  $79,133 

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   Restricted cash includes guarantee deposits for customs duties, a China government subsidy fund, and deposits as collateral in order to secure bank acceptance notes issued to vendors. As of  June 30, 2025 and  December 31, 2024, there was $18.1 million and $8.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, as of  June 30, 2025 and  December 31, 2024, certificates of deposit associated with credit facilities with a bank in China were both $2.5 million. There were $0.9 million and $0.7 million guarantee deposits for customs duties as of  June 30, 2025 and  December 31, 2024, respectively. There was $0.8 million and $0 government subsidy fund as of  June 30, 2025 and  December 31, 2024, respectively.
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   Note 6.  Earnings (Loss) Per Share
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   Basic net loss per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted loss per share are the same. On  March 13, 2025, the Company issued 7,945,399 stock warrants to a subsidiary of Amazon, and 1,324,233 warrants have been vested upon signing the warrant agreement. Because such warrants were out of money as of  June 30, 2025, they are not considered dilutive instruments. 
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   The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands):
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       Three months ended June 30,    Six months ended June 30,  
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