Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 14

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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648 
 Machinery and equipment   296,966   275,617 
 Furniture and fixtures   5,293   5,150 
 Computer equipment and software   13,802   13,369 
 Transportation equipment   643   647 
 ​   437,598   414,237 
 Less accumulated depreciation   (209,085)  (204,500)
 ​   228,513   209,737 
 Construction in progress   11,839   8,397 
 Land   1,101   1,101 
 Total property, plant and equipment, net  $241,453  $219,235 

   ​
   For the three months ended  March 31, 2025 and 2024, the depreciation expense of property, plant and equipment was $5.6 million and $4.9 million, respectively. 
    
   As of  March 31, 2025, the Company concluded that its continued loss history constitutes a triggering event as described in ASC 360-10-35-21, Property, Plant, and Equipment.  The Company performed a recoverability test and concluded that future undiscounted cash flows exceed the carrying amount of the Company’s long-lived assets and therefore no impairment charge was recorded. 

   Note 9.  Intangible Assets, net
   ​
   Intangible assets consisted of the following for the periods indicated (in thousands):
   ​
   
       March 31, 2025  
 ​   Gross    Accumulated    Intangible  
 ​   Amount    amortization    assets, net  
 Patents  $9,920  $(6,448) $3,472 
 Trademarks   225   (63)  162 
 Total intangible assets  $10,145  $(6,511) $3,634 

       December 31, 2024  
 ​   Gross    Accumulated    Intangible  
 ​   Amount    amortization    assets, net  
 Patents  $9,873  $(6,355) $3,518 
 Trademarks   218   (56)  162 
 Total intangible assets  $10,091  $(6,411) $3,680 

   ​
   For the three