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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2017
May 31, 2016
[1]
ASSETS    
Cash and cash equivalents $ 2,039 $ 939
Accounts receivable, net 1,596 522
Inventories 7,207 7,033
Prepaid expenses and other current assets 354 254
Total current assets 11,196 8,748
Property and equipment, net 861 1,204
Other assets 96 94
Total assets 12,153 10,046
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)    
Accounts payable 1,821 1,413
Accrued expenses 1,897 1,553
Customer deposits and deferred revenue, short-term 1,012 1,714
Total current liabilities 4,730 4,680
Long-term debt, net of debt issuance costs 6,095 5,962
Deferred revenue, long-term 32 127
Total liabilities 10,857 10,769
Aehr Test Systems shareholders' equity (deficit):    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 16,754 shares and 13,216 shares at February 28, 2017 and May 31, 2016, respectively 168 132
Additional paid-in capital 64,939 58,052
Accumulated other comprehensive income 2,190 2,237
Accumulated deficit (65,982) (61,124)
Total Aehr Test Systems shareholders' equity (deficit) 1,315 (703)
Noncontrolling interest (19) (20)
Total shareholders' equity (deficit) 1,296 (723)
Total liabilities and shareholders' equity (deficit) $ 12,153 $ 10,046
[1] The condensed consolidated balance sheet at May 31, 2016 has been derived from the audited consolidated financial statements at that date.