| AEHR TEST SYSTEMS AND SUBSIDIARIES | |||||||||||||
| Condensed Consolidated Balance Sheets | |||||||||||||
| (in thousands, except per share data) | |||||||||||||
| (unaudited) | |||||||||||||
| February 28, | November 30, | May 31, | |||||||||||
| 2019 | 2018 | 2018 | |||||||||||
| ASSETS | |||||||||||||
| Current assets: | |||||||||||||
| Cash and cash equivalents | $ | 12,300 | $ | 14,002 | $ | 16,848 | |||||||
| Accounts receivable, net | 1,944 | 3,868 | 2,856 | ||||||||||
| Inventories | 9,189 | 9,983 | 9,049 | ||||||||||
| Prepaid expenses and other | 787 | 688 | 703 | ||||||||||
| Total current assets | 24,220 | 28,541 | 29,456 | ||||||||||
| Property and equipment, net | 975 | 1,074 | 1,203 | ||||||||||
| Other assets | 256 | 286 | 296 | ||||||||||
| Total assets | $ | 25,451 | $ | 29,901 | $ | 30,955 | |||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||
| Current liabilities: | |||||||||||||
| Current portion of long-term debt | $ | 6,110 | $ | 6,110 | $ | 6,110 | |||||||
| Accounts payable | 557 | 1,953 | 1,762 | ||||||||||
| Accrued expenses | 2,085 | 1,487 | 1,646 | ||||||||||
| Customer deposits and deferred revenue, short-term | 1,267 | 2,068 | 1,630 | ||||||||||
| Total current liabilities | 10,019 | 11,618 | 11,148 | ||||||||||
| Deferred rent | 151 | 147 | 63 | ||||||||||
| Deferred revenue, long-term | 240 | 252 | 459 | ||||||||||
| Total liabilities | 10,410 | 12,017 | 11,670 | ||||||||||
| Aehr Test Systems shareholders' equity | 15,060 | 17,902 | 19,305 | ||||||||||
| Noncontrolling interest | (19 | ) | (18 | ) | (20 | ) | |||||||
| Total shareholders' equity | 15,041 | 17,884 | 19,285 | ||||||||||
| Total liabilities and shareholders' equity | $ | 25,451 | $ | 29,901 | $ | 30,955 | |||||||
Aehr Test Systems Reports Third Quarter Fiscal 2019 Financial Results
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