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Consolidated Balance Sheets - USD ($)
$ in Thousands
May. 31, 2015
May. 31, 2014
ASSETS    
Cash and cash equivalents $ 5,527 $ 1,809
Accounts receivable, net 1,383 3,390
Inventories 7,123 6,148
Prepaid expenses and other 262 326
Total current assets 14,295 11,673
Property and equipment, net 478 474
Other assets 95 78
Total assets 14,868 12,225
LIABILITIES AND SHAREHOLDERS' EQUITY    
Line of credit 0 777
Accounts payable 724 1,892
Accrued expenses 1,045 1,390
Customer deposits and deferred revenue 4,750 1,058
Total current liabilities 6,519 5,117
Long-term debt, net of debt issuance costs 3,791 0
Income taxes payable 8 71
Deferred rent, net of current portion 0 8
Total liabilities 10,318 5,196
Aehr Test Systems shareholders' equity:    
Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none 0 0
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 12,857 shares and 11,203 shares at May 31, 2015 and 2014, respectively 129 112
Additional paid-in capital 56,547 52,142
Accumulated other comprehensive income 2,231 2,488
Accumulated deficit (54,339) (47,692)
Total Aehr Test Systems shareholders' equity 4,568 7,050
Noncontrolling interest (18) (21)
Total Shareholders' equity 4,550 7,029
Total liabilities and shareholders' equity $ 14,868 $ 12,225