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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Feb. 29, 2016
May. 31, 2015
[1]
ASSETS    
Cash and cash equivalents $ 2,472 $ 5,527
Accounts receivable, net 1,947 1,383
Inventories 7,378 7,123
Prepaid expenses and other 297 262
Total current assets 12,094 14,295
Property and equipment, net 1,251 478
Other assets 94 95
Total assets 13,439 14,868
LIABILITIES AND SHAREHOLDERS' EQUITY    
Line of credit 2,000 0
Accounts payable 1,883 724
Accrued expenses 1,458 1,045
Customer deposits and deferred revenue, short-term 2,026 4,750
Total current liabilities 7,367 6,519
Long-term debt, net of debt issuance costs 3,917 3,791
Income taxes payable 0 8
Deferred revenue, long-term 127 0
Total liabilities 11,411 10,318
Aehr Test Systems shareholders' equity:    
Common stock, $0.01 par value: Authorized: 75,000 shares: Issued and outstanding: 13,164 shares and 12,857 shares at February 29, 2016 and May 31, 2015, respectively 132 129
Additional paid-in capital 57,770 56,547
Accumulated other comprehensive income 2,213 2,231
Accumulated deficit (58,068) (54,339)
Total Aehr Test Systems shareholders' equity 2,047 4,568
Noncontrolling interest (19) (18)
Total shareholders' equity 2,028 4,550
Total liabilities and shareholders' equity $ 13,439 $ 14,868
[1] The condensed consolidated balance sheet at May 31, 2015 has been derived from the audited consolidated financial statements at that date.