Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 104

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 104
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   Three months ended June 30,    Six months ended June 30,  
 ​   2025    2024    2025    2024  
 Operating lease expense  $509  $290  $915  $586 
 Short Term lease expense   285   10   357   22 
 Total lease expense  $794  $300  $1,272  $608 

   Maturities of lease liabilities are as follows for the future one-year periods ending  June 30, 2025 (in thousands):
   ​
   
     Fiscal years:   Operating  
 2025 (remaining 6 months)  $1,259 
 2026   2,654 
 2027   2,653 
 2028   2,667 
 2029   2,682 
 2030 and thereafter   17,346 
 Total lease payments   29,261 
 Less imputed interest   (6,266)
 Present value  $22,995 

   ​
   The weighted average remaining lease term and discount rate for the leases were as follows for the periods indicated:
   ​
   
       Six months ended June 30,  
 ​   2025    2024  
 Weighted Average Remaining Lease Term (Years) - operating leases   12.81   4.71 
 Weighted Average Discount Rate - operating leases   3.13%  3.13%

   Supplemental cash flow information related to the leases was as follows for the periods indicated (in thousands):

       Six months ended June 30,  
 ​   2025    2024  
 Cash paid for amounts included in the measurement of lease liabilities   ​    ​  
 Operating cash flows from operating leases  $1,079  $318 

   ​

       12

   Note 5.  Cash, Cash Equivalents and Restricted Cash
   ​
   The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the statement of financial position that sum to the total of the same such amounts in the statement of cash flows (in thousands):

       June 30,    December 31,  
 ​   2025    2024  
 Cash and cash equivalents  $