10-Q Filing

AEHR TEST SYSTEMS CIK: 1040470 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-009433`
Period End Date	20170831
Filing Date	20171013
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	aehr-20170831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 36 Cash Flow Statement 50 Comprehensive Income 10

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$939.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Common stock, shares authorized (in thousands)	`CommonStockSharesAuthorized`	75,000.00	shares	Point-in-time
Common stock, shares authorized (in thousands)	`CommonStockSharesAuthorized`	75,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.99M	USD	Point-in-time
Common stock, shares issued (in thousands)	`CommonStockSharesIssued`	21,532.00	shares	Point-in-time
Common stock, shares issued (in thousands)	`CommonStockSharesIssued`	21,340.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.01M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.30M	USD	Point-in-time
Common stock, shares outstanding (in thousands)	`CommonStockSharesOutstanding`	21,340.00	shares	Point-in-time
Inventories	`InventoryNet`	$9.02M	USD	Point-in-time
Inventories	`InventoryNet`	$6.60M	USD	Point-in-time
Common stock, shares outstanding (in thousands)	`CommonStockSharesOutstanding`	21,532.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.05M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$961.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.36M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$789.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.14M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$95.00K	USD	Point-in-time
Total assets	`Assets`	$30.89M	USD	Point-in-time
Total assets	`Assets`	$31.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.47M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.61M	USD	Point-in-time
Customer deposits and deferred revenue, short-term	`CustomerDepositsAndDeferredRevenueShortTerm`	$3.47M	USD	Point-in-time
Customer deposits and deferred revenue, short-term	`CustomerDepositsAndDeferredRevenueShortTerm`	$3.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.08M	USD	Point-in-time
Convertible notes	`LongTermDebt`	$6.11M	USD	Point-in-time
Convertible notes	`LongTermDebt`	$6.11M	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$104.00K	USD	Point-in-time
Deferred revenue, long-term	`DeferredRevenueNoncurrent`	$97.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$14.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.10M	USD	Point-in-time
Common stock, $0.01 par value: Authorized: 75,000; Issued and outstanding: 21,532 shares and 21,340 shares at August 31, 2017 and May 31, 2017, respectively	`CommonStockValue`	$213.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized: 75,000; Issued and outstanding: 21,532 shares and 21,340 shares at August 31, 2017 and May 31, 2017, respectively	`CommonStockValue`	$215.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$81.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.31M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-66.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-66.78M	USD	Point-in-time
Total Aehr Test Systems shareholders' equity	`StockholdersEquity`	$16.81M	USD	Point-in-time
Total Aehr Test Systems shareholders' equity	`StockholdersEquity`	$17.33M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-19.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-19.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$17.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$16.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$31.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$30.89M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$5.32M	USD	1 Quarter
Net sales	`Revenues`	$6.97M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$4.05M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.79M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.72M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$955.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.06M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.78M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.75M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$172.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-570.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$178.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$107.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-60.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.00K	USD	1 Quarter
Income (loss) before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.00K	USD	1 Quarter
Income (loss) before income tax benefit (expense)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-751.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-755.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$10.00K	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to the noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Aehr Test Systems common shareholders	`NetIncomeLoss`	$10.00K	USD	1 Quarter
Net income (loss) attributable to Aehr Test Systems common shareholders	`NetIncomeLoss`	$-755.00K	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share basic	`EarningsPerShareBasic`	$-0.06	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	$-0.06	USD	1 Quarter
Net income (loss) per share diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Shares used in per share calculations: basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	13,317.00	shares	1 Quarter
Shares used in per share calculations: basic (in thousands)	`WeightedAverageNumberOfSharesOutstandingBasic`	21,417.00	shares	1 Quarter
Shares used in per share calculations: diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13,317.00	shares	1 Quarter
Shares used in per share calculations: diluted (in thousands)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22,991.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-755.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$10.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$319.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$216.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$31.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$20.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$44.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$89.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.26M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.04M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$1.09M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$52.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$651.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$713.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-21.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-181.00K	USD	1 Quarter
Customer deposits and deferred revenue	`IncreaseDecreaseInCustomerDepositsAndDeferredRevenue`	$946.00K	USD	1 Quarter
Customer deposits and deferred revenue	`IncreaseDecreaseInCustomerDepositsAndDeferredRevenue`	$-440.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-20.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.88M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-184.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee plans, net of taxes paid related to share settlement of equity awards	`ProceedsFromIssuanceOfCommonStock`	$94.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee plans, net of taxes paid related to share settlement of equity awards	`ProceedsFromIssuanceOfCommonStock`	$234.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$234.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$94.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$86.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.81M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.40M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$939.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$939.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.34M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.99M	USD	Point-in-time
Fair value of common stock issued to settle accounts payable	`ConversionOfStockAmountIssued1`	-	USD	1 Quarter
Fair value of common stock issued to settle accounts payable	`ConversionOfStockAmountIssued1`	$323.00K	USD	1 Quarter
Transfer of property and equipment to inventories	`PropertyPlantAndEquipmentTransfersAndChanges`	$372.00K	USD	1 Quarter
Transfer of property and equipment to inventories	`PropertyPlantAndEquipmentTransfersAndChanges`	$372.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-755.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$10.00K	USD	1 Quarter
Other comprehensive income, net of tax: Net change in cumulative translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.00K	USD	1 Quarter
Other comprehensive income, net of tax: Net change in cumulative translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$59.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$69.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-748.00K	USD	1 Quarter
Less: Comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive loss attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.00K	USD	1 Quarter
Comprehensive income (loss), attributable to Aehr Test Systems common shareholders	`ComprehensiveIncomeNetOfTax`	$69.00K	USD	1 Quarter
Comprehensive income (loss), attributable to Aehr Test Systems common shareholders	`ComprehensiveIncomeNetOfTax`	$-747.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.