Company: AAOI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033627
Chunk: 22

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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397 
 Land   1,101   1,101 
 Total property, plant and equipment, net  $310,303  $219,235 

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   For the three months ended  September 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $7.3 million and $5.1 million, respectively. For the nine months ended  September 30, 2025 and 2024, the depreciation expense of property, plant and equipment was $19.2 million and $15.0 million, respectively. 
    
   As of  September 30, 2025, the Company concluded that its continued loss history constitutes a triggering event as described in ASC 360-10-35-21, Property, Plant, and Equipment.  The Company performed a recoverability test and concluded that future undiscounted cash flows exceed the carrying amount of the Company’s long-lived assets and therefore no impairment charge was recorded. 

   Note 9.  Intangible Assets, net
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   Intangible assets consisted of the following for the periods indicated (in thousands):
   ​
   
       September 30, 2025  
   Gross    Accumulated    Intangible  
   Amount    amortization    assets, net  
 Patents  $10,192  $(6,709) $3,483 
 Trademarks   236   (79)  157 
 Total intangible assets  $10,428  $(6,788) $3,640 

       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  September 30, 2025 and 2024, amortization expense for intangible assets, included in general and administrative expenses on the statement of operations, was $0.1 million and $0.1 million, respectively. For the nine months ended  September 30, 2025 and 202