Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 131

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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  (21,366)
 Total  $(17,936) $(17,757) $(36,206) $(67,042)

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   We exclude share-based compensation and related expense, certain legal expenses associated with litigation and other one-time expenses from adjusted research and development, adjusted sales and marketing and adjusted general and administrative expenses.
    
   Other segment items include share-based compensation expense, interest expense, interest income, certain legal expenses associated with litigation and other one-time items. 

       19

   The following tables set forth the Company’s revenue and asset information by geographic region. Revenue is classified based on the location of where the product is manufactured. Long-lived assets in the tables below comprise property, plant, equipment, land use rights, right of use assets and intangible assets (in thousands):
   ​
   
       Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Revenues:             
 United States  $1,684  $1,659  $3,638  $6,336 
 Taiwan   43,799   34,663   111,132   88,225 
 China   73,147   28,829   206,671   54,533 
 Total  $118,630  $65,151  $321,441  $149,094 

       September 30,    December 31,  
   2025    2024  
 Long-lived assets:       
 United States  $96,040  $78,415 
 Taiwan   126,667   46,912 
 China   144,199   98,453 
 Total  $366,906  $223,780 

   Note 18.  Commitments and contingencies 
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   Litigation
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   From time to time, the Company  may be subject to legal proceedings and litigation arising in the ordinary course of business, including, but not limited to, inquiries, investigations, audits and other regulatory proceedings, such as described below. The Company records a loss provision when it believes it is both probable that a liability has been incurred and the amount can be reasonably estimated.
    
   The Company believes that there