Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2016	May 31, 2015
ASSETS
Cash and cash equivalents	$ 939	$ 5,527
Accounts receivable, net	522	1,383
Inventories	7,033	7,123
Prepaid expenses and other	254	262
Total current assets	8,748	14,295
Property and equipment, net	1,204	478
Other assets	94	95
Total assets	10,046	14,868
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Accounts payable	1,413	724
Accrued expenses	1,553	1,045
Customer deposits and deferred revenue	1,714	4,750
Total current liabilities	4,680	6,519
Convertible notes, net of debt issuance costs	5,962	3,791
Income taxes payable	0	8
Deferred revenue, long-term	127	0
Total liabilities	10,769	10,318
Aehr Test Systems shareholders' equity (deficit):
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: 13,216 shares and 12,857 shares at May 31, 2016 and 2015, respectively	132	129
Additional paid-in capital	58,052	56,547
Accumulated other comprehensive income	2,237	2,231
Accumulated deficit	(61,124)	(54,339)
Total Aehr Test Systems shareholders' equity (deficit)	(703)	4,568
Noncontrolling interest	(20)	(18)
Total Shareholders' equity (deficit)	(723)	4,550
Total liabilities and shareholders' equity (deficit)	$ 10,046	$ 14,868