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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2021
May 31, 2021
Current assets:    
Cash and cash equivalents $ 6,530,000 $ 4,582,000
Accounts receivable, net 4,264,000 5,202,000
Inventories 10,146,000 8,849,000
Prepaid expenses and other current assets 759,000 551,000
Total current assets 21,699,000 19,184,000
Property and equipment, net 676,000 677,000
Operating lease right-of-use assets 1,437,000 1,606,000
Other assets 189,000 198,000
Total assets 24,001,000 21,665,000
Current liabilities:    
Accounts payable 2,753,000 2,893,000
Accrued expenses 1,978,000 2,163,000
Operating lease liabilities, short-term 750,000 737,000
Customer deposits and deferred revenue, short-term 3,279,000 189,000
Line of credit 0 1,400,000
Current portion of long-term debt 0 1,679,000
Total current liabilities 8,760,000 9,061,000
Operating lease liabilities, long-term 813,000 1,007,000
Deferred revenue, long-term 150,000 99,000
Other long-term liabilities 46,000 49,000
Total liabilities 9,769,000 10,216,000
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000; Issued and outstanding: 24,483 shares and 23,725 shares at August 31, 2021 and May 31, 2021, respectively 245,000 237,000
Additional paid-in capital 89,668,000 87,553,000
Accumulated other comprehensive income (loss) (64,000) (28,000)
Accumulated deficit (75,617,000) (76,313,000)
Total shareholders' equity 14,232,000 11,449,000
Total liabilities and shareholders' equity $ 24,001,000 $ 21,665,000