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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 28, 2021
May 31, 2020
[1]
ASSETS    
Cash and cash equivalents $ 4,738 $ 5,433
Accounts receivable, net 2,721 3,717
Inventories 8,339 7,989
Prepaid expenses and other current assets 571 512
Total current assets 16,369 17,651
Property and equipment, net 617 663
Operating lease right-of-use assets 1,763 2,107
Other assets 142 153
Total assets 18,891 20,574
LIABILITIES AND SHAREHOLDERS' EQUITY    
Line of Credit 1,400 0
Accounts payable 1,086 945
Accrued expenses 1,624 1,439
Operating lease liabilities, short-term 722 658
Customer deposits and deferred revenue, short-term 587 170
Current portion of long-term debt 1,492 653
Total current liabilities 6,911 3,865
Operating lease liabilities, long-term 1,185 1,605
Long-term debt, net of current portion 187 1,026
Deferred revenue, long -term 80 22
Other long-term liabilities 43 0
Total liabilities 8,406 6,518
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 23,598 shares and 23,107 shares at February 28, 2021 and May 31, 2020, respectively 236 231
Additional paid-in capital 87,174 85,898
Accumulated other comprehensive (loss) income (45) 2,234
Accumulated deficit (76,880) (74,286)
Total Aehr Test Systems shareholders' equity 10,485 14,077
Noncontrolling interest 0 (21)
Total shareholders' equity 10,485 14,056
Total liabilities and shareholders' equity $ 18,891 $ 20,574
[1] The condensed consolidated balance sheet at May 31, 2020 has been derived from the audited consolidated financial statements at that date.