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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 30, 2016
May 31, 2016
[1]
ASSETS    
Cash and cash equivalents $ 5,154 $ 939
Accounts receivable, net 1,429 522
Inventories 6,069 7,033
Prepaid expenses and other current assets 390 254
Total current assets 13,042 8,748
Property and equipment, net 793 1,204
Other assets 95 94
Total assets 13,930 10,046
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)    
Accounts payable 1,770 1,413
Accrued expenses 1,366 1,553
Customer deposits and deferred revenue, short-term 1,055 1,714
Total current liabilities 4,191 4,680
Long-term debt, net of debt issuance costs 6,051 5,962
Deferred revenue, long-term 47 127
Total liabilities 10,289 10,769
Aehr Test Systems shareholders' equity (deficit):    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 16,639 shares and 13,216 shares at November 30, 2016 and May 31, 2016, respectively 167 132
Additional paid-in capital 64,636 58,052
Accumulated other comprehensive income 2,188 2,237
Accumulated deficit (63,331) (61,124)
Total Aehr Test Systems shareholders' equity (deficit) 3,660 (703)
Noncontrolling interest (19) (20)
Total shareholders' equity (deficit) 3,641 (723)
Total liabilities and shareholders' equity (deficit) $ 13,930 $ 10,046
[1] The condensed consolidated balance sheet at May 31, 2016 has been derived from the audited consolidated financial statements at that date.