Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 14

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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$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  $64,699  $67,428 
 Restricted cash   22,496   11,705 
 Total cash, cash equivalents and restricted cash shown in the statement of cash flows  $87,195  $79,133 

   ​
   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  June 30, 2025 and  December 31, 2024, there was $18.1 million and $8.5 million of restricted cash required for bank acceptance notes issued to vendors, respectively. In addition, as of  June 30,