| AEHR TEST SYSTEMS AND SUBSIDIARIES | |||||||||||
| Condensed Consolidated Balance Sheets | |||||||||||
| (in thousands, except per share data) | |||||||||||
| (unaudited) | |||||||||||
| May 31, | February 28, | May 31, | |||||||||
| 2022 | 2022 | 2021 | |||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 31,484 | $ | 32,020 | $ | 4,582 | |||||
| Accounts receivable, net | 12,859 | 8,543 | 5,202 | ||||||||
| Inventories | 15,051 | 14,152 | 8,849 | ||||||||
| Prepaid expenses and other | 613 | 559 | 551 | ||||||||
| Total current assets | 60,007 | 55,274 | 19,184 | ||||||||
| Property and equipment, net | 1,203 | 776 | 677 | ||||||||
| Operating lease right-of-use assets | 917 | 1,091 | 1,606 | ||||||||
| Other assets | 201 | 214 | 198 | ||||||||
| Total assets | $ | 62,328 | $ | 57,355 | $ | 21,665 | |||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 4,195 | $ | 3,307 | $ | 2,893 | |||||
| Accrued expenses | 3,610 | 2,535 | 2,163 | ||||||||
| Operating lease liabilities, short-term | 794 | 778 | 737 | ||||||||
| Customer deposits and deferred revenue, short-term | 2,415 | 6,197 | 189 | ||||||||
| Line of credit | - | - | 1,400 | ||||||||
| Current portion of long-term debt | - | - | 1,679 | ||||||||
| Total current liabilities | 11,014 | 12,817 | 9,061 | ||||||||
| Operating lease liabilities, long-term | 212 | 415 | 1,007 | ||||||||
| Deferred revenue, long-term | 69 | 90 | 99 | ||||||||
| Other liabilities | 44 | 45 | 49 | ||||||||
| Total liabilities | 11,339 | 13,367 | 10,216 | ||||||||
| Total shareholders' equity | 50,989 | 43,988 | 11,449 | ||||||||
| Total liabilities and shareholders' equity | $ | 62,328 | $ | 57,355 | $ | 21,665 | |||||
