Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 23

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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4, amortization expense for intangible assets, included in general and administrative expenses on the statement of operations, was $0.3 million and $0.3 million, respectively. The remaining weighted average amortization period for intangible assets is approximately 8.1 years.
    
   On  September 30, 2025, future amortization expenses for intangible assets for future periods are estimated to be (in thousands):

     2025 (remaining 3 months)  $113 
 2026   451 
 2027   451 
 2028   451 
 2029   451 
 2030 and thereafter   1,723 
  $3,640 

   Note 10.  Fair Value of Financial Instruments​
   ​
   The carrying value amounts of cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, notes receivable and other current assets, accounts payable, accrued expenses, bank acceptance payable and other current liabilities approximate fair value because of the short-term maturity of these instruments. The Company believes that the interest rates in effect at each period end represent the current market rates for similar borrowings. 
    
   The Company's accounts receivable was $224.0 million as of  September 30, 2025. Of this amount, $193.7 million was due from DigiComm International Inc. For the three months ended  September 30, 2025 and 2024, our top ten customers represented 97% and 96% of our revenue, respectively. For the nine months ended  September 30, 2025 and 2024, our top ten customers represented 97% and 94% of our revenue, respectively. 
    
   The fair value of convertible senior notes is measured for disclosure purposes only. The fair value and carrying amount of our convertible senior notes as of  September 30, 2025 were $134.8 million and $130.1 million, respectively. As of  December 31, 2024, the fair value and carrying amount of our convertible senior notes was $148.6 million and $134.5 million, respectively. The fair value is based on observable market prices for this debt, which is traded in less active markets and is therefore classified as a Level 2 fair value measurement.

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   Note 11.  Notes Payable and Long-T