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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Nov. 30, 2021
May 31, 2021
ASSETS    
Cash and cash equivalents $ 35,031,000 $ 4,582,000
Accounts receivable, net 7,391,000 5,202,000
Inventories 13,033,000 8,849,000
Prepaid expenses and other current assets 622,000 551,000
Total current assets 56,077,000 19,184,000
Property and equipment, net 661,000 677,000
Operating lease right-of-use assets 1,265,000 1,606,000
Other assets 182,000 198,000
Total assets 58,185,000 21,665,000
LIABILITIES    
Accounts payable 3,386,000 2,893,000
Accrued expenses 2,254,000 2,163,000
Operating lease liabilities, short-term 763,000 737,000
Customer deposits and deferred revenue, short-term 10,142,000 189,000
Line of credit 0 1,400,000
Current portion of long-term debt 0 1,679,000
Total current liabilities 16,545,000 9,061,000
Operating lease liabilities, long-term 616,000 1,007,000
Deferred revenue, long-term 116,000 99,000
Other liabilities 46,000 49,000
Total liabilities 17,323,000 10,216,000
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 26,835 shares and 23,725 shares at November 30, 2021 and May 31, 2021, respectively 268,000 237,000
Additional paid-in capital 115,602,000 87,553,000
Accumulated other comprehensive (loss) income (108,000) (28,000)
Accumulated deficit (74,900,000) (76,313,000)
Total shareholders' equity 40,862,000 11,449,000
Total liabilities and shareholders' equity $ 58,185,000 $ 21,665,000