Company: AAOI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025450
Chunk: 19

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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171.6 million was due from DigiComm International Inc. For the three months ended  June 30, 2025 and 2024, our top ten customers represented 98% and 94% of our revenue, respectively. For the six months ended  June 30, 2025 and 2024, our top ten customers represented 97% and 93% 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  June 30, 2025 was $122.9 million and $133.9 million, respectively. As of  December 31, 2024, the fair value and carrying amount of our convertible senior notes was $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 is therefore classified as a Level 2 fair value measurement.

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   Note 11.  Notes Payable and Long-Term Debt
   ​
   Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):
   ​
   
       June 30, 2025    December 31, 2024  
 Revolving line of credit with a China bank up to $24.3 million with interest between 4.00% and 4.35%, maturing May 24, 2029  $-  $13,466 
 Credit facility with a China bank up to $28.5 million with interest between 3.10% and 4.35%, maturing June 6, 2027   8,661   13,216 
 Revolving line of credit with a China bank up to $22.7 million with interest at 3.1%, maturing May 24, 2029   13,522   - 
 Total   22,183   26,682 
 Less current portion   (22,183)  (26,682)
 Non-current portion  $-  $- 

     Bank Acceptance Notes Payable  June 30, 2025  December 31, 2024 
 Bank acceptance notes issued to vendors with zero handling fees  $9,934  $19,259 

   The