Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 23

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 and determined that the additional premium was not substantial. Accordingly, that amount was recognized as a premium on the 2030 Notes.   

       14

   The following table sets forth interest expense information related to the 2026 Notes and 2030 Notes (in thousands):
   ​
   
       Three months ended March 31,  
 ​   2025    2024  
 Contractual interest expense  $397  $1,059 
 Amortization of debt issuance costs   296   350 
 Total interest cost  $693  $1,409 
 Effective interest rate   1.0%  5.3%

   ​

   Note 13.  Accrued Liabilities​
   ​
   Accrued liabilities consisted of the following for the periods indicated (in thousands):
   ​
   
       March 31, 2025    December 31, 2024  
 Accrued payroll  $10,038  $13,136 
 Accrued employee benefits   4,387   4,014 
 Accrued state and local taxes   918   824 
 Accrued interest   996   114 
 Accrued shipping and tariff expenses   1,533   803 
 Advanced payments   185   188 
 Accrued commission expenses   912   768 
 Accrued professional fees   309   406 
 Accrued product warranty   319   277 
 Accrued other   891   1,561 
 Total accrued liabilities  $20,488  $22,091 

   ​

   Note 14.  Other Income and Expense
   ​
   Other income and expense consisted of the following for the periods indicated (in thousands):

       Three months ended March 31,  
 ​   2025    2024  
 Loss on disposal of assets  $(8) $(1)
 Government subsidy income   182   48 
 Foreign Exchange Gain (Loss)   272   (240)
 Other non-operating gain   29   85 
 Total other income (expenses) , net  $475  $(108)

   ​

   Note 15.  Share-Based Compensation
   ​
   Equity Plans
   ​
   The Company’s board