Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 19

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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    2024  
 Cash paid for amounts included in the measurement of lease liabilities       
 Operating cash flows from operating leases  $2,652  $964 

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       11

   Note 5.  Cash, Cash Equivalents and Restricted Cash
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   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):

       September 30,    December 31,  
   2025    2024  
 Cash and cash equivalents  $136,961  $67,428 
 Restricted cash   13,756   11,705 
 Total cash, cash equivalents and restricted cash shown in the statement of cash flows  $150,717  $79,133 

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   Restricted cash includes guarantee deposits for customs duties, a China government subsidy fund, and deposits as collateral in order to secure bank acceptance notes issued to vendors. As of  September 30, 2025 and   December 31, 2024, there were $9.7 million and $8.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, as of  September 30, 2025 and  December 31, 2024 certificates of deposit associated with credit facilities with a bank in China were $0 and $2.5 million, respectively. There were $1.0 million and $0.7 million guarantee deposits for customs duties as of  September 30, 2025 and  December 31, 2024 respectively. There were $3.0 million and $0 government subsidy funds as of  September 30, 2025 and  December 31, 2024, respectively.

   Note 6. Loss Per Share
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   Basic net loss per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units and senior convertible notes outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive. Therefore, basic and diluted loss per