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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Aug. 31, 2015
May. 31, 2015
[1]
ASSETS    
Cash and cash equivalents $ 3,653 $ 5,527
Accounts receivable, net 2,628 1,383
Inventories 7,258 7,123
Prepaid expenses and other 465 262
Total current assets 14,004 14,295
Property and equipment, net 465 478
Other assets 94 95
Total assets 14,563 14,868
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 1,848 724
Accrued expenses 1,557 1,045
Customer deposits and deferred revenue, short-term 1,819 4,750
Total current liabilities 5,224 6,519
Long-term debt, net of debt issuance costs 3,828 3,791
Income taxes payable 0 8
Deferred revenue, long-term 127 0
Total liabilities 9,179 10,318
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares: Issued and outstanding: 12,987 shares and 12,857 shares at August 31, 2015 and May 31, 2015, respectively 130 129
Additional paid-in capital 57,068 56,547
Accumulated other comprehensive income 2,249 2,231
Accumulated deficit (54,045) (54,339)
Total Aehr Test Systems shareholders' equity 5,402 4,568
Noncontrolling interest (18) (18)
Total shareholders' equity 5,384 4,550
Total liabilities and shareholders' equity $ 14,563 $ 14,868
[1] The condensed consolidated balance sheet at May 31, 2015 has been derived from the audited consolidated financial statements at that date.