Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2019	May 31, 2018
ASSETS
Cash and cash equivalents	$ 5,428	$ 16,848
Accounts receivable, net	4,859	2,856
Inventories	9,061	9,049
Prepaid expenses and other	686	703
Total current assets	20,034	29,456
Property and equipment, net	1,045	1,203
Other assets	228	296
Total assets	21,307	30,955
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	1,933	1,762
Accrued expenses	2,034	1,646
Customer deposits and deferred revenue, short-term	1,545	1,630
Current portion of long-term debt	0	6,110
Total current liabilities	5,512	11,148
Deferred rent	153	63
Deferred revenue, long-term	189	459
Total liabilities	5,854	11,670
Aehr Test Systems shareholders' equity:
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: 22,669 shares and 22,143 shares at May 31, 2019 and 2018 respectively	227	221
Additional paid-in capital	84,499	83,041
Accumulated other comprehensive income	2,230	2,292
Accumulated deficit	(71,484)	(66,249)
Total Aehr Test Systems shareholders' equity	15,472	19,305
Noncontrolling interest	(19)	(20)
Total shareholders' equity	15,453	19,285
Total liabilities and shareholders' equity	$ 21,307	$ 30,955