Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 15

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 months ended  March 31, 2025 and 2024, amortization expense for intangible assets, included in general and administrative expenses on the statement of operations, was $0.2 million and $0.1 million, respectively. The remaining weighted average amortization period for intangible assets is approximately 9 years.
    
   On  March 31, 2025, future amortization expenses for intangible assets for future periods are estimated to be (in thousands):

     2025 (remaining 9 months)  $323 
 2026   430 
 2027   430 
 2028   430 
 2029   430 
 2030 and thereafter   1,591 
  $3,634 

   Note 10.  Fair Value of Financial Instruments​
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   The carrying value amounts of cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, notes receivable and other current assets, accounts payable, accrued expenses, bank acceptance payable and other current liabilities approximate fair value because of the short-term maturity of these instruments. The Company believes that the interest rates in effect at each period end represent the current market rates for similar borrowings. 
    
   The Company's accounts receivable was $171.1 million as of  March 31, 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.

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   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):
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