Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 95

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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2025. Of this amount, $136.2 million was due from DigiComm International Inc. For the three months ended  March 31, 2025 and 2024, our top ten customers represented 97% and 92% 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  March 31, 2025 was $102.9 million and $134.2 million, respectively. As of  December 31, 2024, the fair value and carrying amount of our convertible senior notes were $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 are therefore classified as a Level 2 fair value measurement.

       12

   Note 11.  Notes Payable and Long-Term Debt
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   Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):
   ​
   
       March 31, 2025    December 31, 2024  
 Revolving line of credit with a China bank up to $24.3 million with interest between 4.00% to 4.35%, maturing May 24, 2029  $13,485  $13,466 
 Credit facility with a China bank up to $28.5 million with interest between 3.10% and 4.35%, maturing June 6, 2027   8,638   13,216 
 Total   22,123   26,682 
 Less current portion   (20,312)  (22,369)
 Non-current portion  $1,811  $4,313 

     Bank Acceptance Notes Payable  March 31, 2025  December 31, 2024 
 Bank acceptance notes issued to vendors with a zero handling fees  $23,992  $19,260 

   The current portion of long-term debt is the amount payable within one year of the balance sheet date of  March 31, 2025.
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   Maturities of long-term debt are as follows for the future one-year periods ending  March 31, 2025 (in thousands):
   ​