Applied Optoelectronics (AAOI) 10-Q 12 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 03, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Applied Optoelectronics, Inc.	'
Entity Central Index Key	'0001158114	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	14,816,055
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$37,034	$22,006
Restricted cash	787	775
Short-term investments	7,958	7,970
Accounts receivable - trade, net	24,181	22,089
Inventories	33,129	19,608
Prepaid expenses and other current assets	7,847	5,488
Total current assets	110,936	77,936
Property, plant and equipment, net	51,267	31,134
Land use rights, net	931	959
Intangible assets, net	3,830	851
Other assets, net	1,190	177
TOTAL ASSETS	168,154	111,057
Current liabilities	'	'
Current portion of notes payable and long-term debt	9,392	17,185
Accounts payable	22,616	15,010
Bank acceptance payable	2,115	2,347
Accrued liabilities	4,960	4,515
Total current liabilities	39,083	39,057
Notes payable and long-term debt, less current portion	14,000	8,923
Other long term liabilities	1,250	0
TOTAL LIABILITIES	54,333	47,980
Stockholders' equity (deficit):	'	'
Preferred Stock: 5,000 shares authorized; no shares issued and outstanding at September 30, 2014 and December 31, 2013, $0.001 par value	0	0
Common Stock: 45,000 shares authorized; 14,815 shares issued and outstanding at September 30, 2014, $0.001 par value; 12,644 shares issued and outstanding at December 31, 2013, $0.001 par value	15	13
Additional paid-in capital	191,439	144,023
Accumulated other comprehensive gain	2,109	2,364
Accumulated deficit	-79,742	-83,323
TOTAL STOCKHOLDERS' EQUITY	113,821	63,077
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$168,154	$111,057

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Convertible Preferred Stock par value	$0.00	$0.00
Convertible Preferred Stock shares authorized	5,000,000	5,000,000
Convertible Preferred Stock shares issued	0	0
Convertible Preferred Stock shares outstanding	0	0
Common stock par value	$0.00	$0
Common stock shares authorized	45,000,000	45,000,000
Common stock shares issued	14,815,000	12,644,000
Common stock shares outstanding	14,815,000	12,644,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]	'	'	'	'
Revenue, net	$36,549	$20,766	$94,058	$54,680
Cost of goods sold	24,403	14,445	62,071	38,327
Gross profit	12,146	6,321	31,987	16,353
Operating expenses	'	'	'	'
Research and development	4,194	2,210	11,749	6,112
Sales and marketing	1,622	1,034	4,452	2,994
General and administrative	4,458	2,436	11,964	7,257
Total operating expenses	10,274	5,680	28,165	16,363
Income (loss) from operations	1,872	641	3,822	-10
Other income (expense)	'	'	'	'
Interest income	95	15	280	50
Interest expense	-55	-323	-277	-925
Other expense, net	-258	58	-57	0
Total other expense	-218	-250	-54	-875
Income (loss) before income taxes	1,654	391	3,768	-885
Income taxes	-77	0	-187	0
Net income (loss)	$1,577	$391	$3,581	($885)
Net income (loss) per share - basic	$0.11	$0.04	$0.25	($3.24)
Net income (loss) per share - diluted	$0.10	$0.04	$0.24	($3.24)
Weighted average shares used to compute net income (loss) per share - basic	14,805,668	8,995,727	14,135,184	272,878
Weighted average shares used to compute net income (loss) per share - diluted	15,594,544	9,154,602	14,949,827	272,878

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net income (loss)	$1,577	$391	$3,581	($885)
Foreign currency translation adjustment, net of tax	-115	66	-255	305
Comprehensive income (loss)	$1,462	$457	$3,326	($580)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Operating activities:	'	'
Net income (loss)	$3,581	($885)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Provision for obsolete inventory	1,182	550
Depreciation and amortization	4,349	2,436
Loss on disposal of assets	26	0
Share-based compensation and warrant expense	1,494	375
Changes in operating assets and liabilities:	'	'
Accounts receivable	-2,171	-3,446
Inventory	-15,016	-4,389
Other current assets	-2,404	-1,850
Accounts payable	9,137	4,350
Accrued liabilities	487	405
Net cash provided by (used in) operating activities	665	-2,454
Investing activities:	'	'
Purchase of short-term investments	-53	0
Purchase of property, plant and equipment	-24,773	-4,697
Proceeds from disposal of equipment	45	0
Deposits and deferred charges	-1,034	-37
Purchase of intangible assets	-3,237	-83
Net cash used in investing activities	-29,052	-4,817
Financing activities:	'	'
Proceeds from issuance of notes payable and long-term debt	3,150	2,851
Principal payments of long-term debt and notes payable	-8,076	-192
Proceeds from line of credit borrowings	30,294	16,159
Repayments of line of credit borrowings	-27,924	-15,406
Proceeds from bank acceptance payable	5,337	4,746
Repayments of bank acceptance payable	-5,545	-3,282
Increase in restricted cash	-21	-511
Exercise of stock options	310	87
Exercise of warrants	0	494
Proceeds from public offering, net	45,630	-1,251
Net cash provided by financing activities	43,155	3,695
Effect of exchange rate changes on cash	260	178
Net increase (decrease) in cash	15,028	-3,398
Cash and cash equivalents at beginning of period	22,006	10,723
Cash and cash equivalents at end of period	37,034	7,325
Cash paid for:	'	'
Interest	306	852
Income taxes	$148	$2

1_Description_of_Business

1. Description of Business	9 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
1. Description of Business	'
	Business Overview
	Applied Optoelectronics, Inc., or AOI, was originally incorporated in Texas in February of 1997 and then converted to a Delaware corporation in March of 2013. AOI together with its wholly-owned subsidiaries are collectively referred to as the Company. The Company is a leading, vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: cable television, fiber-to-the-home and internet data centers. The Company designs and manufactures a wide range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key equipment.
	The Company has manufacturing and research and development facilities in all three of its locations, located in the U.S., Taiwan and China. At its corporate headquarters and manufacturing facilities in Sugar Land, Texas, the Company primarily manufactures lasers and laser components and performs research and development activities for laser component products. The Company operates a division in Taipei, Taiwan that primarily manufactures transceivers for both the data center and FTTH markets and performs research and development activities for the transceiver products. The Company operates in Ningbo, China through its wholly-owned subsidiary Prime World International Holdings, Ltd. (incorporated in the British Virgin Islands), the sole parent of Global Technology, Inc. (incorporated in the People’s Republic of China). Through Global Technology, the Company primarily manufactures Cable TV Broadband (“CATV”) systems and equipment and performs research and development activities for the CATV products.
	Interim Financial Statements
	The condensed consolidated financial statements of the Company, as of September 30, 2014 and December 31, 2013 and for the three and nine months ended September 30, 2014 and 2013, have been prepared in accordance with the instructions on Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In accordance with those rules and regulations, the Company has omitted certain information and notes normally provided in the Company’s annual consolidated financial statements. In the opinion of management, the condensed consolidated financial statements contain all adjustments, except as otherwise noted, necessary for the fair presentation of the Company’s financial position and results of operations for the periods presented. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by U.S. generally accepted accounting principles (“GAAP”). These condensed consolidated financial statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto included in the Company’s Annual Report on Form 10-K (“Annual Report”) for the fiscal year ended December 31, 2013. The results of operations for the three and nine months ended September 30, 2014 are not necessarily indicative of the results expected for the entire fiscal year. All significant intercompany accounts and transactions have been eliminated.
	Use of Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ from those estimates in the consolidated financial statements and accompanying notes. Significant estimates and assumptions that impact these financial statements and the accompanying notes relate to, among other things, allowance for doubtful accounts, valuation allowances for deferred tax assets, inventory reserve, share-based compensation expense, estimated useful lives of property and equipment, and taxes.

2_Significant_Accounting_Polic

2. Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
2. Significant Accounting Policies	'
	There have been no changes in the Company’s significant accounting policies for the three months ended September 30, 2014, as compared to the significant accounting policies described in its Annual Report.
	Recent accounting pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company is in the process of evaluating the impact of adoption on its consolidated financial statements.

3_Fair_Value_of_Financial_Inst

3. Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
3. Fair Value of Financial Instruments	'
	The following table presents a summary of the Company’s financial instruments measured at fair value on a recurring basis for the periods indicated (in thousands):
		As of September 30, 2014								As of December 31, 2013
		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)		Total
	Assets:
	Short term investments	$	7,958	$	–	$	–	$	7,958	$	7,970	$	–	$	–	$	7,970
	Total assets	$	7,958	$	–	$	–	$	7,958	$	7,970	$	–	$	–	$	7,970
	Liabilities:
	Bank acceptance payable		–		2,115		–		2,115		–		2,347		–		2,347
	Total liabilities	$	–	$	2,115	$	–	$	2,115	$	–	$	2,347	$	–	$	2,347
	The carrying value amounts of accounts receivable, prepaid expenses and other current assets, borrowings from our credit facility, accounts payable, accrued expenses and other current liabilities approximate fair value because of the short-term maturity of these instruments.

4_Earnings_Per_Share

4. Earnings Per Share	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
4. Earnings Per Share	'
	Basic net income (loss) per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from options and warrants outstanding during the period. In periods with net losses, normally dilutive shares become anti-dilutive, and therefore for those periods basic and dilutive earnings per share are the same.
	The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Numerator:
	Net income (loss)	$	1,577	$	391	$	3,581	$	(885	)
	Denominator:
	Weighted average shares used to compute net income (loss) per share
	Basic		14,806		8,995		14,135		273
	Effective of dilutive options and warrants		789		160		815		–
	Diluted		15,595		9,155		14,950		273
	Net income (loss) per share
	Basic	$	0.11	$	0.04	$	0.25	$	(3.24	)
	Diluted	$	0.1	$	0.04	$	0.24	$	(3.24	)
	The following potentially dilutive securities were excluded from the computation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Employee stock options		–		1,347		–		1,484
	Preferred stock warrants		–		10		–		33
	Restricted stock units		–		–		–		–
			–		1,357		–		1,517

5_Inventory

5. Inventory	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
5. Inventory	'
	Inventories consist of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Raw materials	$	4,824	$	8,832
	Work in process		14,957		8,708
	Finished goods		13,348		2,068
		$	33,129	$	19,608
	The lower of cost or market adjustment expensed for inventory for the three months ended September 30, 2014 and 2013 was $0.4 million and $0.1 million, respectively. The lower of cost or market adjustment expensed for inventory for the nine months ended September 30, 2014 and 2013 was $1.1 million and $0.5 million, respectively.

6_Property_Plant_and_Equipment

6. Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
6. Property, Plant and Equipment	'
	Property, plant and equipment consisted of the following for the periods indicated (in thousands):
		30-Sep-14			31-Dec-13
	Land improvements	$	103		$	103
	Building and improvements		16,104			16,016
	Machinery and equipment		52,694			37,490
	Furniture and fixtures		1,434			1,047
	Computer equipment and software		4,567			3,563
	Transportation equipment		288			188
			75,190			58,407
	Less accumulated depreciation and amortization		(30,977	)		(28,145	)
			44,213			30,262
	Construction in progress		5,953			139
	Land		1,101			733
	Property, plant and equipment, net	$	51,267		$	31,134
	For the three and nine months ended September 30, 2014, depreciation expense of property, plant and equipment was $1.6 million and $4.1 million, respectively.

7_Notes_Payable_and_LongTerm_D

7. Notes Payable and Long-Term Debt	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
7. Notes Payable and Long-Term Debt	'
	Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Long-Term and Short-Term Debt
	Term loan with a U.S. bank with monthly payments of principal and interest at prime plus 0.75% (floor rate: 4%), maturing November 15, 2014	$	–	$	3,076
	Revolving line of credit with a U.S. bank up to $15,000 with interest at LIBOR plus 2.75%, maturing July 15, 2017		14,000		7,000
	Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2.75%, maturing July 1, 2019		–		1,850
	Revolving line of credit with a China bank up to $12,000 with interest at 108% of China prime rate which was 6.48% in 2013		–		7,053
	Revolving line of credit with a China bank up to $3,250 with interest ranged from 2.03% to 2.13% with various maturity dates from October 2014 to December 2014		1,309		2,413
	Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41%, maturing December 2014		3,676		3,795
	Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41%, maturing January 2015		3,749		–
	Note payable to a finance company due in monthly installments with 4.95% interest, maturing July 30, 2015		658		921
	Total		23,392		26,108
	Less current portion		9,392		17,185
	Long term portion	$	14,000	$	8,923
	Bank Acceptance Payable
	Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of $655, and maturity dates ranging from October 2014 to March 2015	$	2,115	$	2,347
	The current portion of long-term debt is the amount payable within one year of the balance sheet date of September 30, 2014. The prime rate of interest was 3.25% on December 31, 2013. The one-month LIBOR rate was 0.15% on September 30, 2014.
	The U.S. bank loans and line of credit agreement require the Company to meet certain financial covenants including a minimum current ratio. Collateral for the U.S. bank loans and line of credit includes substantially all of the assets of the Company. As of September 30, 2014, the Company was in compliance with all of its financial and operational covenants associated with these loans. As of September 30, 2014, the Company had $1.0 million of unused borrowing capacity on its line of credit, $3.1 million on its real estate term loan and $5.0 million on its equipment term loan.
	On July 15, 2014, the Company renewed its revolving line of credit with a U.S. bank, increasing the line from $7.0 million to $15.0 million, and extending the maturity date to July 15, 2017.  The interest rate on this line of credit is the LIBOR Borrowing Rate plus 2.75%.
	On July 31, 2014, the Company renewed its $5.0 million credit agreement with a U.S. bank, extending the maturity date to July 1, 2019. The interest rate on this line of credit is the LIBOR Borrowing Rate plus 2.75%.
	The Company, through its China subsidiary, established RMB and USD currency lines of credit for $12.0 million and $3.3 million, respectively, with a China bank as of September 30, 2014. The interest rate for the RMB line of credit is 108% of the China prime rate. The interest rate for the USD line of credit ranged from 2.03% to 2.13%. These credit lines are revolving lines that are renewable by its anniversary. Collateral for the loans includes the land use rights, building and equipment located in China. As of September 30, 2014, the Company had approximately $14.0 million of unused borrowing capacity.
	The Company extended its equipment financing agreement of $1.0 million with a Taiwan bank in 2013. The financing agreement required equipment collateral. The agreement requires monthly installment payments over 24 months and ends in July 2015. The financing agreement bears interest at the rate of 4.95%.
	The Company, through its Taiwan branch, established two $4.0 million revolving lines of credit with Taiwan banks in 2013 totaling $8.0 million. The financing agreements require collateral of its time deposits of $8.0 million that is included in short-term investment. The two revolving lines of credit bear interest at a rate (which adjusts quarterly) equal to the Taiwan Time Deposit Interest Rate Index plus 0.41%, currently 1.78%, and at a base rate equal to TAIBOR plus 1%, currently 1.75%. As of September 30, 2014, $7.4 million was outstanding under these credit facilities.

8_Accrued_Liabilites

8. Accrued Liabilites	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
8. Accrued Liabilites	'
	Accrued liabilities consisted of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Accrued payroll	$	3,013	$	2,279
	Accrued employee benefits		645		489
	Accrued taxes		275		270
	Accrued interest		7		34
	Advanced payments		70		128
	Accrued commissions		63		148
	Accrued other		887		1,167
		$	4,960	$	4,515

9_Other_Income_and_Expense

9. Other Income and Expense	9 Months Ended
	Sep. 30, 2014
Other income (expense)	'
9. Other Income and Expense	'
	Other income and expense consisted of the following for the periods indicated (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Unrealized foreign exchange gain (loss)	$	(203	)	$	(65	)	$	(205	)	$	(257	)
	Realized foreign exchange gain (loss)		(17	)		57			53			(7	)
	Government subsidy income		–			75			108			270
	Other non-operating gain (loss)		(11	)		(9	)		16			(14	)
	Gain (loss) on disposal of assets		(27	)		–			(29	)		8
		$	(258	)	$	58		$	(57	)	$	–

10_ShareBased_Compensation

10. Share-Based Compensation	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
10. Share-Based Compensation	'
	The Accounting Standards Codification (“ASC”) 718 requires companies to record compensation expense for stock options measured at fair value, on the date of grant, using an option –pricing model.
	The Company’s board of directors and stockholders previously approved the 1998 Share Incentive Plan, the 2000 Share Incentive Plan, the 2004 Share Incentive Plan and the 2006 Share Incentive Plan, (collectively the “Prior Plans”). Following the Company’s initial public offering, no further awards will be granted under the Prior Plans. However, all outstanding awards under the Prior Plans will continue to exist and will continue to be governed by their existing terms.
	On April 12, 2013, the Company’s board of directors adopted and approved the Company’s 2013 Equity Incentive Plan, (the “2013 Plan”), and it was subsequently approved by the Company’s stockholders on May 21, 2013.
	The Company provides share-based compensation to employees, consultants and non-employee directors. Share-based awards for the Prior Plans and the 2013 Plan generally vest over a four year period and have a maximum term of ten years. Stock options under these plans have been granted with an exercise price equal to the fair market value of the common stock on the date of the grant. Nonqualified and incentive stock options and restrictive stock units (“RSUs”) have been granted from these plans. Prior to the Company’s initial public offering, the fair market value of the Company’s stock had been historically determined by the board of directors and from time to time with the assistance of third party valuation specialists.
	As of September 30, 2014, the Company had outstanding equity awards to purchase 1,437,044 shares of common stock under its share incentive plans with a weighted average exercise price of $8.94.
	The following table summarizes employee share-based compensation expense resulting from stock options and RSUs for the periods indicated (in thousands):
		Three months ended September 30,					Nine months ended September 30,
		2014			2013		2014		2013
	Cost of sales	$	7		$	14	$	60	$	40
	Research and development		28			12		84		36
	Sales and marketing		24			11		72		32
	General and administrative		428			98		1,278		267
		$	487		$	135	$	1,494	$	375
	The following is a summary of stock option activity during the nine month period ending September 30, 2014 (in thousands, except price data):
		Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
	Outstanding, December 31, 2013		1,468		$	8.38	$	4.17			$	9,731
	Granted		108			13.84		7.24				–
	Exercised		(108	)		6.21		2.56				1,658
	Forfeited		(30	)		8.96		6.82				363
	Expired		(1	)		6.21		2.21				11
	Outstanding, September 30, 2014		1,437		$	8.94	$	4.47		8.332	$	10,287
	Exercisable, September 30, 2014		532		$	7.69	$	3.22		7.543	$	4,473
	Vested and expected to vest		1,335		$	8.87	$	4.4		8.29	$	9,652
	As of September 30, 2014, total compensation cost related to unvested stock options not yet recognized was $3.9 million, which is expected to be expensed over a weighted-average period of 2.85 years. The aggregated intrinsic value of options outstanding and options exercisable as of September 30, 2014 was $10.3 million and $4.5 million, respectively.
	Under the 2013 Plan, participants may be granted RSUs, representing an unfunded, unsecured right to receive common stock on the date specified in the recipient’s award. The Company recognizes compensation expense on a straight-line basis over the applicable vesting term of the award.
	During the three months ended September 30, 2014, the Company granted 21,226 RSUs with a total grant-date fair market value of $0.4 million. As of September 30, 2014, there was approximately $0.2 million of unrecognized compensation cost related to RSUs.

11_Stockholders_Equity

11. Stockholders' Equity	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
11. Stockholders' Equity	'
	1.           Common Stock
	The Company has authorized the issuance of up to 45,000,000 shares of common stock, all of which have been designated voting common stock, under its Amended and Restated Certificate of Incorporation.
	2.           Convertible Preferred Stock
	The Company has authorized the issuance of up to 5,000,000 shares of preferred stock under the Company’s Amended and Restated Certificate of Incorporation.
	3.           Warrants
	As of September 30, 2014, the Company had no outstanding warrants to purchase common or preferred stock.
	4.           Public Offerings of Common Stock
	On September 25, 2013, our registration statement on Form S-1 for our initial public offering was declared effective by the Securities and Exchange Commission. The offering commenced on September 26, and the Company sold 3.6 million shares of its common stock in its initial public offering at a price of $10.00 per share, providing proceeds of $31.5 million, net of expenses and underwriting discounts and commissions. The Company’s initial public offering closed on October 1, 2013.
	On March 19, 2014, the Company sold 2.0 million shares of its common stock in a secondary offering at a price of $24.25 per share, providing proceeds of $45.6 million, net of expenses and underwriting discounts and commissions. The Company’s sale of 1.6 million shares in the secondary offering closed on March 25, 2014 and the Company’s sale of an additional 0.4 million shares as a result of the underwriters’ exercise of their option to purchase additional shares closed on March 28, 2014.

12_Segment_and_Geographic_Info

12. Segment and Geographic Information	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
12. Segment and Geographic Information	'
	The Company operates in one reportable segment. The Company’s Chief Executive Officer, who is considered to be the chief operating decision maker, manages the Company’s operations as a whole and reviews financial information presented on a consolidated basis, accompanied by information about product revenue, for purposes of evaluating financial performance and allocating resources.
	The following tables set forth the Company’s revenue and asset information by geographic region. Revenue is classified based on the location of the Company’s product manufacturing plants. Long-lived assets in the tables below comprise only property, plant, equipment and intangible assets (in thousands):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Revenues:
	United States	$	7,826	$	3,742	$	19,950	$	8,364
	Taiwan		23,795		7,576		58,684		22,615
	China		4,928		9,448		15,424		23,701
		$	36,549	$	20,766	$	94,058	$	54,680
		As of the period ended
		September 30,		December 31,
		2014		2013
	Long-lived assets:
	United States	$	14,502	$	9,415
	Taiwan		24,843		7,192
	China		16,682		16,337
		$	56,027	$	32,944

13_Subsequent_Events

13. Subsequent Events	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
13. Subsequent Events	'
	On October 3, 2014, the Company paid down $14.0 million of borrowings of its US bank line of credit facility.

2_Significant_Accounting_Polic1

2. Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Recent accounting pronouncements	'
	Recent accounting pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The standard provides companies with a single model for use in accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific revenue guidance. The core principle of the model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016. Early adoption is not permitted. The guidance permits companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption, through a cumulative adjustment. The Company is in the process of evaluating the impact of adoption on its consolidated financial statements.

3_Fair_Value_of_Financial_Inst1

3. Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of assets and liabilities at fair value	'
	The following table presents a summary of the Company’s financial instruments measured at fair value on a recurring basis for the periods indicated (in thousands):
		As of September 30, 2014								As of December 31, 2013
		(Level 1)		(Level 2)		(Level 3)		Total		(Level 1)		(Level 2)		(Level 3)		Total
	Assets:
	Short term investments	$	7,958	$	–	$	–	$	7,958	$	7,970	$	–	$	–	$	7,970
	Total assets	$	7,958	$	–	$	–	$	7,958	$	7,970	$	–	$	–	$	7,970
	Liabilities:
	Bank acceptance payable		–		2,115		–		2,115		–		2,347		–		2,347
	Total liabilities	$	–	$	2,115	$	–	$	2,115	$	–	$	2,347	$	–	$	2,347

4_Earnings_Per_Share_Tables

4. Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Computation of basic and diluted net loss per share	'
	The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Numerator:
	Net income (loss)	$	1,577	$	391	$	3,581	$	(885	)
	Denominator:
	Weighted average shares used to compute net income (loss) per share
	Basic		14,806		8,995		14,135		273
	Effective of dilutive options and warrants		789		160		815		–
	Diluted		15,595		9,155		14,950		273
	Net income (loss) per share
	Basic	$	0.11	$	0.04	$	0.25	$	(3.24	)
	Diluted	$	0.1	$	0.04	$	0.24	$	(3.24	)
Schedule of potentially dilutive securites	'
	The following potentially dilutive securities were excluded from the computation of diluted net income (loss) per share as their effect would have been anti-dilutive (in thousands):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Employee stock options		–		1,347		–		1,484
	Preferred stock warrants		–		10		–		33
	Restricted stock units		–		–		–		–
			–		1,357		–		1,517

5_Inventory_Tables

5. Inventory (Tables)	9 Months Ended
	Sep. 30, 2014
Inventory Disclosure [Abstract]	'
Schedule of inventories	'
	Inventories consist of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Raw materials	$	4,824	$	8,832
	Work in process		14,957		8,708
	Finished goods		13,348		2,068
		$	33,129	$	19,608

6_Property_Plant_and_Equipment1

6. Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Schedule of property, plant and equipment	'
	Property, plant and equipment consisted of the following for the periods indicated (in thousands):
		30-Sep-14			31-Dec-13
	Land improvements	$	103		$	103
	Building and improvements		16,104			16,016
	Machinery and equipment		52,694			37,490
	Furniture and fixtures		1,434			1,047
	Computer equipment and software		4,567			3,563
	Transportation equipment		288			188
			75,190			58,407
	Less accumulated depreciation and amortization		(30,977	)		(28,145	)
			44,213			30,262
	Construction in progress		5,953			139
	Land		1,101			733
	Property, plant and equipment, net	$	51,267		$	31,134

7_Notes_Payable_and_LongTerm_D1

7. Notes Payable and Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of notes payable and long-term debt	'
	Notes payable and long-term debt consisted of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Long-Term and Short-Term Debt
	Term loan with a U.S. bank with monthly payments of principal and interest at prime plus 0.75% (floor rate: 4%), maturing November 15, 2014	$	–	$	3,076
	Revolving line of credit with a U.S. bank up to $15,000 with interest at LIBOR plus 2.75%, maturing July 15, 2017		14,000		7,000
	Term loan with a U.S. bank with monthly payments of principal and interest at LIBOR plus 2.75%, maturing July 1, 2019		–		1,850
	Revolving line of credit with a China bank up to $12,000 with interest at 108% of China prime rate which was 6.48% in 2013		–		7,053
	Revolving line of credit with a China bank up to $3,250 with interest ranged from 2.03% to 2.13% with various maturity dates from October 2014 to December 2014		1,309		2,413
	Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41%, maturing December 2014		3,676		3,795
	Revolving line of credit with a Taiwan bank up to $4,000 with interest at Taiwan Time Deposit Interest Rate Index plus 0.41%, maturing January 2015		3,749		–
	Note payable to a finance company due in monthly installments with 4.95% interest, maturing July 30, 2015		658		921
	Total		23,392		26,108
	Less current portion		9,392		17,185
	Long term portion	$	14,000	$	8,923
	Bank Acceptance Payable
	Bank acceptance notes issued to vendors with a zero percent interest rate, a 30% guarantee deposit of $655, and maturity dates ranging from October 2014 to March 2015	$	2,115	$	2,347

8_Accrued_Liabilites_Tables

8. Accrued Liabilites (Tables)	9 Months Ended
	Sep. 30, 2014
Payables and Accruals [Abstract]	'
Schedule of accrued liabilities	'
	Accrued liabilities consisted of the following for the periods indicated (in thousands):
		30-Sep-14		31-Dec-13
	Accrued payroll	$	3,013	$	2,279
	Accrued employee benefits		645		489
	Accrued taxes		275		270
	Accrued interest		7		34
	Advanced payments		70		128
	Accrued commissions		63		148
	Accrued other		887		1,167
		$	4,960	$	4,515

9_Other_Income_and_Expense_Tab

9. Other Income and Expense (Tables)	9 Months Ended
	Sep. 30, 2014
Other income (expense)	'
Schedule of other income and expense	'
	Other income and expense consisted of the following for the periods indicated (in thousands):
		Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
	Unrealized foreign exchange gain (loss)	$	(203	)	$	(65	)	$	(205	)	$	(257	)
	Realized foreign exchange gain (loss)		(17	)		57			53			(7	)
	Government subsidy income		–			75			108			270
	Other non-operating gain (loss)		(11	)		(9	)		16			(14	)
	Gain (loss) on disposal of assets		(27	)		–			(29	)		8
		$	(258	)	$	58		$	(57	)	$	–

10_ShareBased_Compensation_Tab

10. Share-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of employee stock-based compensation expenses	'
	The following table summarizes employee share-based compensation expense resulting from stock options and RSUs for the periods indicated (in thousands):
		Three months ended September 30,					Nine months ended September 30,
		2014			2013		2014		2013
	Cost of sales	$	7		$	14	$	60	$	40
	Research and development		28			12		84		36
	Sales and marketing		24			11		72		32
	General and administrative		428			98		1,278		267
		$	487		$	135	$	1,494	$	375
Summary of option activity	'
	The following is a summary of stock option activity during the nine month period ending September 30, 2014 (in thousands, except price data):
		Shares			Weighted Average Exercise Price		Weighted Average Fair Value		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
	Outstanding, December 31, 2013		1,468		$	8.38	$	4.17			$	9,731
	Granted		108			13.84		7.24				–
	Exercised		(108	)		6.21		2.56				1,658
	Forfeited		(30	)		8.96		6.82				363
	Expired		(1	)		6.21		2.21				11
	Outstanding, September 30, 2014		1,437		$	8.94	$	4.47		8.332	$	10,287
	Exercisable, September 30, 2014		532		$	7.69	$	3.22		7.543	$	4,473
	Vested and expected to vest		1,335		$	8.87	$	4.4		8.29	$	9,652

12_Segment_and_Geographic_Info1

12. Segment and Geographic Information (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Revenue and asset information by geographic region	'
	The following tables set forth the Company’s revenue and asset information by geographic region. Revenue is classified based on the location of the Company’s product manufacturing plants. Long-lived assets in the tables below comprise only property, plant, equipment and intangible assets (in thousands):
		Three months ended September 30,				Nine months ended September 30,
		2014		2013		2014		2013
	Revenues:
	United States	$	7,826	$	3,742	$	19,950	$	8,364
	Taiwan		23,795		7,576		58,684		22,615
	China		4,928		9,448		15,424		23,701
		$	36,549	$	20,766	$	94,058	$	54,680
		As of the period ended
		September 30,		December 31,
		2014		2013
	Long-lived assets:
	United States	$	14,502	$	9,415
	Taiwan		24,843		7,192
	China		16,682		16,337
		$	56,027	$	32,944

3_Fair_Value_of_Financial_Inst2

3. Fair Value of Financial Instruments (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Liabilities:	'	'
Bank acceptance payable	$2,115	$2,347
Fair Value, Measurements, Recurring [Member]	'	'
Assets:	'	'
Short term investments	7,958	7,970
Total assets	7,958	7,970
Liabilities:	'	'
Bank acceptance payable	2,115	2,347
Total liabilities	2,115	2,347
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Assets:	'	'
Short term investments	7,958	7,970
Total assets	7,958	7,970
Liabilities:	'	'
Bank acceptance payable	'	'
Total liabilities	'	'
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Assets:	'	'
Short term investments	'	'
Total assets	'	'
Liabilities:	'	'
Bank acceptance payable	2,115	2,347
Total liabilities	2,115	2,347
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Assets:	'	'
Short term investments	'	'
Total assets	'	'
Liabilities:	'	'
Bank acceptance payable	'	'
Total liabilities	'	'

4_Earnings_Per_Share_DetailsEP

4. Earnings Per Share (Details-EPS calculation) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'	'	'
Net income (loss)	$1,577	$391	$3,581	($885)
Weighted average shares used to compute net income (loss) per share	'	'	'	'
Basic	14,805,668	8,995,727	14,135,184	272,878
Effective of dilutive options and warrants	789	160	815	'
Diluted	15,594,544	9,154,602	14,949,827	272,878
Net income (loss) per share	'	'	'	'
Basic	$0.11	$0.04	$0.25	($3.24)
Diluted	$0.10	$0.04	$0.24	($3.24)

4_Earnings_Per_Share_DetailsAn

4. Earnings Per Share (Details-Antidilutive shares)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Potentially dilutive securires excluded from computation of diluted net income (loss) per share	0	1,357	0	1,517
Employee Stock Option [Member]	'	'	'	'
Potentially dilutive securires excluded from computation of diluted net income (loss) per share	0	1,347	0	1,484
Preferred stock warrants [Member]	'	'	'	'
Potentially dilutive securires excluded from computation of diluted net income (loss) per share	0	10	0	33
Restricted Stock [Member]	'	'	'	'
Potentially dilutive securires excluded from computation of diluted net income (loss) per share	0	0	0	0

5_Inventory_Details

5. Inventory (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory Details	'	'
Raw materials	$4,824	$8,832
Work in process	14,957	8,708
Finished goods	13,348	2,068
Inventories	$33,129	$19,608

5_Inventory_Details_Narrative

5. Inventory (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Inventory Details Narrative	'	'	'	'
Lower of cost or market adjustment for inventory	$400	$100	$1,100	$500

6_Property_Plant_and_Equipment2

6. Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, plant and equipment, gross	$75,190	$58,407
Less accumulated depreciation and amortization	-30,977	-28,145
Property, plant and equipment	44,213	30,262
Construction in progress	5,953	139
Land	1,101	733
Property, plant and equipment, net	51,267	31,134
Land Improvements [Member]	'	'
Property, plant and equipment, gross	103	103
Building and Building Improvements [Member]	'	'
Property, plant and equipment, gross	16,104	16,016
Machinery and Equipment [Member]	'	'
Property, plant and equipment, gross	52,694	37,490
Furniture and Fixtures [Member]	'	'
Property, plant and equipment, gross	1,434	1,047
Computer Equipment and software [Member]	'	'
Property, plant and equipment, gross	4,567	3,563
Transportation Equipment [Member]	'	'
Property, plant and equipment, gross	$288	$188

6_Property_Plant_and_Equipment3

6. Property, Plant and Equipment (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014
Property Plant And Equipment Details Narrative	'	'
Depreciation expense	$1,600	$4,100

7_Notes_Payable_and_LongTerm_D2

7. Notes Payable and Long-Term Debt (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Notes payable and long-term debt total	$23,392	$26,108
Current portion of notes payable and long-term debt	9,392	17,185
Long term portion of notes payable and long-term debt	14,000	8,923
Bank acceptance notes	2,115	2,347
Term loan 1 [Member]	'	'
Notes payable and long-term debt total	0	3,076
Debt maturity date	15-Nov-14	'
Interest rate	'prime plus 0.75%	'
Line of Credit [Member]	'	'
Notes payable and long-term debt total	14,000	7,000
Debt maturity date	15-Jul-17	'
Interest rate	'LIBOR plus 2.75%	'
Term loan 2 [Member]	'	'
Notes payable and long-term debt total	0	1,850
Debt maturity date	1-Jul-19	'
Interest rate	'LIBOR plus 2.75%	'
Line of Credit 2 [Member]	'	'
Notes payable and long-term debt total	0	7,053
Interest rate	'108% of China Prime rate	'
Line of Credit 3 [Member]	'	'
Notes payable and long-term debt total	1,309	2,413
Debt maturity date	31-Dec-14	'
Interest rate	'2.03% to 2.13% with China bank	'
Line of Credit 4 [Member]	'	'
Notes payable and long-term debt total	3,676	3,795
Debt maturity date	31-Dec-14	'
Interest rate	'Taiwan Time Deposit Interest plus 0.41%	'
Line of Credit 5 [Member]	'	'
Notes payable and long-term debt total	3,749	0
Debt maturity date	31-Jan-14	'
Interest rate	'Taiwan Time Deposit Interest plus 0.41%	'
Note payable 1 [Member]	'	'
Notes payable and long-term debt total	$658	$921
Debt maturity date	30-Jul-15	'
Interest rate	'4.95%	'

7_Notes_Payable_and_LongTerm_D3

7. Notes Payable and Long-Term Debt (Details Narrative) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
CHINA [Member] | China, Yuan Renminbi [Member]	'
Revolving line of credit maximum borrowing capacity	$12,000
Interest rate on line of credit	'108% of the China prime rate
CHINA [Member] | United States of America, Dollars [Member]	'
Unused borrowing capacity	14,000
Revolving line of credit maximum borrowing capacity	3,300
Interest rate on line of credit	'2.03% to 2.13%
UNITED STATES [Member] | Line of Credit [Member]	'
Unused borrowing capacity	1,000
UNITED STATES [Member] | Real Estate Term Loan [Member]	'
Unused borrowing capacity	3,100
UNITED STATES [Member] | Equipment Term Loan [Member]	'
Unused borrowing capacity	$5,000

8_Accrued_Liabilities_Details

8. Accrued Liabilities (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accrued Liabilities Details	'	'
Accrued payroll	$3,013	$2,279
Accrued employee benefits	645	489
Accrued taxes	275	270
Accrued interest	7	34
Accrued payments	70	128
Accrued commission	63	148
Accrued other	887	1,167
Total accrued liabilities	$4,960	$4,515

9_Other_Income_and_Expense_Det

9. Other Income and Expense (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Income And Expense Details	'	'	'	'
Unrealized foreign exchange gain (loss)	($203)	($65)	($205)	($257)
Realized foreign exchange gain (loss)	-17	57	53	-7
Government subsidy income	'	75	108	270
Other non-operating gain (loss)	-11	-9	16	-14
Gain (loss) on disposal of assets	-27	'	-29	8
Total other income and expense	($258)	$58	($57)	$0

10_ShareBased_Compensation_Det

10. Share-Based Compensation (Details-Share based compensation expense) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Employee stock-based compensation expense	$487	$135	$1,494	$375
Cost of Sales [Member]	'	'	'	'
Employee stock-based compensation expense	7	14	60	40
Research and Development Expense [Member]	'	'	'	'
Employee stock-based compensation expense	28	12	84	36
Sales and Marketing Expense [Member]	'	'	'	'
Employee stock-based compensation expense	24	11	72	32
General and Administrative Expense [Member]	'	'	'	'
Employee stock-based compensation expense	$428	$98	$1,278	$267

10_ShareBased_Compensation_Det1

10. Share-Based Compensation (Details-Option activity) (Options [Member], USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014
Options [Member]	'
Number of Shares	'
Outstanding, beginning balance	1,468
Granted	108
Exercised	-108
Forfeited	-30
Expired	-1
Outstanding, ending balance	1,437
Exericsable, ending balance	532
Vested and expected to vest	1,335
Weighted Average Exercise Price	'
Outstanding, beginning balance	$8.38
Granted	$13.84
Exercised	$6.21
Forfeited	$8.96
Expired	$6.21
Outstanding, ending balance	$8.94
Exericsable, ending balance	$7.69
Vested and expected to vest	$8.87
Weighted Average Remaining Contractual Life	'
Outstanding, ending balance	'8 years 3 months 30 days
Exercisable	'7 years 6 months 16 days
Vested and expected to vest	'8 years 3 months 15 days
Aggregate Intrinsic Value	'
Outstanding, beginning balance	$9,731
Exercised	1,658
Forfeited	363
Expired	11
Outstanding, ending balance	10,287
Exercisable	4,473
Vested and expected to vest	$9,652

10_ShareBased_Compensation_Det2

10. Share-Based Compensation (Details Narrative) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014
Compensation cost on unvested options not yet recognized	$3,900
Compensation cost unrecognized weighted average period	'2 years 10 months 6 days
Restricted Stock Units (RSUs) [Member]	'
RSU's granted	21,226
RSU grant-date fair market value	400
Compensation cost on unvested RSU's not yet recognized	$200

11_Stockholders_Equity_Details

11. Stockholders Equity (Details Narrative)	Sep. 30, 2014	Dec. 31, 2013
Stockholders Equity Details Narrative	'	'
Common stock authorized	45,000,000	45,000,000
Preferred stock authorized	5,000,000	5,000,000
Warrants outstanding	0	'

12_Segment_and_Geographic_Info2

12. Segment and Geographic Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Revenues	$36,549	$20,766	$94,058	$54,680	'
Long-lived assets	56,027	'	56,027	'	32,944
UNITED STATES [Member]	'	'	'	'	'
Revenues	7,826	3,742	19,950	8,364	'
Long-lived assets	14,502	'	14,502	'	9,415
TAIWAN [Member]	'	'	'	'	'
Revenues	23,795	7,576	58,684	22,615	'
Long-lived assets	24,843	'	24,843	'	7,192
CHINA [Member]	'	'	'	'	'
Revenues	4,928	9,448	15,424	23,701	'
Long-lived assets	$16,682	'	$16,682	'	$16,337