| AEHR TEST SYSTEMS AND SUBSIDIARIES | ||||||||||||
| Condensed Consolidated Balance Sheets | ||||||||||||
| (in thousands, except per share data) | ||||||||||||
| (unaudited) | ||||||||||||
| February 28, | November 30, | May 31, | ||||||||||
| 2021 | 2020 | 2020 | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 4,738 | $ | 3,449 | $ | 5,433 | ||||||
| Accounts receivable, net | 2,721 | 1,429 | 3,717 | |||||||||
| Inventories | 8,339 | 9,057 | 7,989 | |||||||||
| Prepaid expenses and other | 571 | 433 | 512 | |||||||||
| Total current assets | 16,369 | 14,368 | 17,651 | |||||||||
| Property and equipment, net | 617 | 683 | 663 | |||||||||
| Operating lease right-of-use assets | 1,763 | 1,918 | 2,107 | |||||||||
| Other assets | 142 | 142 | 153 | |||||||||
| Total assets | $ | 18,891 | $ | 17,111 | $ | 20,574 | ||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $ | 1,086 | $ | 1,155 | $ | 945 | ||||||
| Accrued expenses | 1,624 | 1,344 | 1,439 | |||||||||
| Operating lease liabilities, short-term | 722 | 705 | 658 | |||||||||
| Customer deposits and deferred revenue, short-term | 587 | 66 | 170 | |||||||||
| Line of credit | 1,400 | - | - | |||||||||
| Current portion of long-term debt | 1,492 | 1,213 | 653 | |||||||||
| Total current liabilities | 6,911 | 4,483 | 3,865 | |||||||||
| Operating lease liabilities, long-term | 1,185 | 1,361 | 1,605 | |||||||||
| Long-term debt, net of current portion | 187 | 466 | 1,026 | |||||||||
| Deferred revenue, long-term | 80 | 9 | 22 | |||||||||
| Other liabilities | 43 | - | - | |||||||||
| Total liabilities | 8,406 | 6,319 | 6,518 | |||||||||
| Aehr Test Systems shareholders' equity | 10,485 | 10,792 | 14,077 | |||||||||
| Noncontrolling interest | - | - | (21 | ) | ||||||||
| Total shareholders' equity | 10,485 | 10,792 | 14,056 | |||||||||
| Total liabilities and shareholders' equity | $ | 18,891 | $ | 17,111 | $ | 20,574 | ||||||
Aehr Test Systems Reports Third Quarter Fiscal 2021 Financial Results; $8.0 Million Bookings Quarter Begins COVID-19 Recovery
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