Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2022	May 31, 2021
Current assets:
Cash and cash equivalents	$ 31,484	$ 4,582
Accounts receivable, net	12,859	5,202
Inventories	15,051	8,849
Prepaid expenses and other	613	551
Total current assets	60,007	19,184
Property and equipment, net	1,203	677
Operating lease right-of-use assets	917	1,606
Other assets	201	198
Total assets	62,328	21,665
Current liabilities:
Accounts payable	4,195	2,893
Accrued expenses	3,610	2,163
Operating lease liabilities, short-term	794	737
Customer deposits and deferred revenue, short-term	2,415	189
Line of credit	0	1,400
Current portion of long-term debt	0	1,679
Total current liabilities	11,014	9,061
Operating lease liabilities, long-term	212	1,007
Deferred revenue, long-term	69	99
Other long-term liabilities	44	49
Total liabilities	11,339	10,216
Aehr Test Systems shareholders' equity:
Preferred stock, $001 par value: Authorized: 10,000 shares; Issued and outstanding: none	0	0
Common stock, $001 par value: Authorized: 75,000 shares; Issued and outstanding: 27,120 shares and 23,725 shares at May 31, 2022 and 2021 respectively	271	237
Additional paid-in capital common stock	117,686	87,553
Accumulated other comprehensive income (loss)	(105)	(28)
Accumulated deficit	(66,863)	(76,313)
Total shareholders' equity	50,989	11,449
Total liabilities and shareholders' equity	$ 62,328	$ 21,665