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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 30, 2015
May. 31, 2015
[1]
ASSETS    
Cash and cash equivalents $ 1,955 $ 5,527
Accounts receivable, net 2,503 1,383
Inventories 7,419 7,123
Prepaid expenses and other 402 262
Total current assets 12,279 14,295
Property and equipment, net 576 478
Other assets 93 95
Total assets 12,948 14,868
Current liabilities:    
Accounts payable 1,390 724
Accrued expenses 1,496 1,045
Customer deposits and deferred revenue, short-term 1,295 4,750
Total current liabilities 4,181 6,519
Long-term debt, net of debt issuance costs 3,873 3,791
Income taxes payable 0 8
Deferred revenue, long-term 127 0
Total liabilities 8,181 10,318
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares: Issued and outstanding: 13,164 shares and 12,857 shares at November 30, 2015 and May 31, 2015, respectively 132 129
Additional paid-in capital 57,557 56,547
Accumulated other comprehensive income 2,189 2,231
Accumulated deficit (55,093) (54,339)
Total Aehr Test Systems shareholders' equity 4,785 4,568
Noncontrolling interest (18) (18)
Total shareholders' equity 4,767 4,550
Total liabilities and shareholders' equity $ 12,948 $ 14,868
[1] The condensed consolidated balance sheet at May 31, 2015 has been derived from the audited consolidated financial statements at that date.