| AEHR TEST SYSTEMS AND SUBSIDIARIES | ||||||||||||||
| Condensed Consolidated Balance Sheets | ||||||||||||||
| (in thousands, except per share data) | ||||||||||||||
| (unaudited) | ||||||||||||||
| May 31, | February 29, | May 31, | ||||||||||||
| 2016 | 2016 | 2015 | ||||||||||||
| ASSETS | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 939 | $ | 2,472 | $ | 5,527 | ||||||||
| Accounts receivable, net | 522 | 1,947 | 1,383 | |||||||||||
| Inventories | 7,033 | 7,378 | 7,123 | |||||||||||
| Prepaid expenses and other | 254 | 297 | 262 | |||||||||||
| Total current assets | 8,748 | 12,094 | 14,295 | |||||||||||
| Property and equipment, net | 1,204 | 1,251 | 478 | |||||||||||
| Other assets | 94 | 94 | 95 | |||||||||||
| Total assets | $ | 10,046 | $ | 13,439 | $ | 14,868 | ||||||||
|
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
| ||||||||||||||
| Current liabilities: | ||||||||||||||
| Line of credit | $ | 1,100 | $ | 2,000 | $ | - | ||||||||
| Current portion of long-term debt | 4,862 | - | - | |||||||||||
| Accounts payable | 1,413 | 1,883 | 724 | |||||||||||
| Accrued expenses | 1,553 | 1,458 | 1,045 | |||||||||||
| Customer deposits and deferred revenue, short-term | 1,714 | 2,026 | 4,750 | |||||||||||
| Total current liabilities | 10,642 | 7,367 | 6,519 | |||||||||||
| Long-term debt | - | 3,917 | 3,791 | |||||||||||
| Income taxes payable | - | - | 8 | |||||||||||
| Deferred revenue, long-term | 127 | 127 | - | |||||||||||
| Total liabilities | 10,769 | 11,411 | 10,318 | |||||||||||
| Aehr Test Systems shareholders' equity (deficit) | (703 | ) | 2,047 | 4,568 | ||||||||||
| Noncontrolling interest | (20 | ) | (19 | ) | (18 | ) | ||||||||
| Total shareholders' equity (deficit) | (723 | ) | 2,028 | 4,550 | ||||||||||
| Total liabilities and shareholders' equity (deficit) | $ | 10,046 | $ | 13,439 | $ | 14,868 | ||||||||
Aehr Test Systems Reports Financial Results for the Fourth Quarter and Fiscal Year Ended May 31, 2016
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