Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 11

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 general and administrative expenses and was $0.6 million, and $0.2 million for the three months ended  March 31, 2025 and 2024, respectively. The components of lease expense were as follows for the periods indicated (in thousands):

       Three months ended March 31,  
 ​   2025    2024  
 Operating lease expense  $434  $238 
 Short Term lease expense   140   11 
 Total lease expense  $574  $249 

   Maturities of lease liabilities are as follows for the future one-year periods ending  March 31, 2025 (in thousands):
   ​
   
     Fiscal years:   Operating  
 2025 (remaining 9 months)  $1,261 
 2026   1,485 
 2027   1,477 
 2028   1,493 
 2029   911 
 2030 and thereafter   5,066 
 Total lease payments   11,693 
 Less imputed interest   (1,736)
 Present value  $9,957 

   ​
   The weighted average remaining lease term and discount rate for the leases were as follows for the periods indicated:
   ​
   
       Three months ended March 31,  
 ​   2025    2024  
 Weighted Average Remaining Lease Term (Years) - operating leases   10.60   4.81 
 Weighted Average Discount Rate - operating leases   3.10%  3.13%

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

       Three months ended March 31,  
 ​   2025    2024  
 Cash paid for amounts included in the measurement of lease liabilities   ​    ​  
 Operating cash flows from operating leases  $491  $324 

   ​

       10

   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):

       March 31,    December 31,  
 ​   2025    202