Company: AAOI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015518
Chunk: 94

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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, net
   ​
   Intangible assets consisted of the following for the periods indicated (in thousands):
   ​
   
       March 31, 2025  
 ​   Gross    Accumulated    Intangible  
 ​   Amount    amortization    assets, net  
 Patents  $9,920  $(6,448) $3,472 
 Trademarks   225   (63)  162 
 Total intangible assets  $10,145  $(6,511) $3,634 

       December 31, 2024  
 ​   Gross    Accumulated    Intangible  
 ​   Amount    amortization    assets, net  
 Patents  $9,873  $(6,355) $3,518 
 Trademarks   218   (56)  162 
 Total intangible assets  $10,091  $(6,411) $3,680 

   ​
   For the three 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​
   ​
   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,