10-Q Filing

AEHR TEST SYSTEMS CIK: 1040470 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001654954-19-011692`
Period End Date	20190831
Filing Date	20191015
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	aehr-20190831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 16 Comprehensive Income 10

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in thousands)	`CommonStockSharesAuthorized`	75,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.43M	USD	Point-in-time
Common stock, shares authorized (in thousands)	`CommonStockSharesAuthorized`	75,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.27M	USD	Point-in-time
Common stock, shares issued (in thousands)	`CommonStockSharesIssued`	22,721.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.29M	USD	Point-in-time
Common stock, shares issued (in thousands)	`CommonStockSharesIssued`	22,669.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.86M	USD	Point-in-time
Inventories	`InventoryNet`	$9.22M	USD	Point-in-time
Common stock, shares outstanding (in thousands)	`CommonStockSharesOutstanding`	22,721.00	shares	Point-in-time
Inventories	`InventoryNet`	$9.06M	USD	Point-in-time
Common stock, shares outstanding (in thousands)	`CommonStockSharesOutstanding`	22,669.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$523.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$686.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$20.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$18.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.00M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.53M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$228.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$199.00K	USD	Point-in-time
Total assets	`Assets`	$22.02M	USD	Point-in-time
Total assets	`Assets`	$21.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.03M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Operating lease liabilities, short-term	`OperatingLeaseLiabilityCurrent`	$606.00K	USD	Point-in-time
Operating lease liabilities, short-term	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Customer deposits and deferred revenue, short-term	`CustomerDepositsAndDeferredRevenueShortTerm`	$1.54M	USD	Point-in-time
Customer deposits and deferred revenue, short-term	`CustomerDepositsAndDeferredRevenueShortTerm`	$615.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.54M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	$2.09M	USD	Point-in-time
Operating lease liabilities, long-term	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	-	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$153.00K	USD	Point-in-time
Deferred revenue, long -term	`DeferredRevenueNoncurrent`	$189.00K	USD	Point-in-time
Deferred revenue, long -term	`DeferredRevenueNoncurrent`	$113.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$6.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.85M	USD	Point-in-time
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 22,721 shares and 22,669 shares at August 31, 2019 and May 31, 2019, respectively	`CommonStockValue`	$227.00K	USD	Point-in-time
Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 22,721 shares and 22,669 shares at August 31, 2019 and May 31, 2019, respectively	`CommonStockValue`	$227.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.50M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.23M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.48M	USD	Point-in-time
Total Aehr Test Systems shareholders' equity	`StockholdersEquity`	$15.31M	USD	Point-in-time
Total Aehr Test Systems shareholders' equity	`StockholdersEquity`	$15.47M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-19.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-20.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.29M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.02M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$21.31M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$4.74M	USD	1 Quarter
Net sales	`Revenues`	$5.53M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.19M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.27M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.81M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.88M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$892.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-429.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.44M	USD	1 Quarter
Interest income (expense), net	`InterestExpense`	$78.00K	USD	1 Quarter
Interest income (expense), net	`InterestExpense`	$-12.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-407.00K	USD	1 Quarter
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.51M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-413.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.51M	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 loss attributable to Aehr Test Systems common shareholders	`NetIncomeLoss`	$-413.00K	USD	1 Quarter
Net loss attributable to Aehr Test Systems common shareholders	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Net loss per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share: Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Shares used in per share calculations: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22,190.00	shares	1 Quarter
Shares used in per share calculations: Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22,708.00	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-413.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$199.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$256.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$111.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$95.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-563.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$536.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$156.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-194.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-235.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-398.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-151.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-455.00K	USD	1 Quarter
Customer deposits and deferred revenue	`IncreaseDecreaseInCustomerDepositsAndDeferredRevenue`	$609.00K	USD	1 Quarter
Customer deposits and deferred revenue	`IncreaseDecreaseInCustomerDepositsAndDeferredRevenue`	$-1.01M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$82.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-971.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$50.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$84.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee plans, net of taxes paid related to share settlement of equity awards	`ProceedsFromIssuanceOfCommonStock`	$109.00K	USD	1 Quarter
Proceeds from issuance of common stock under employee plans, net of taxes paid related to share settlement of equity awards	`ProceedsFromIssuanceOfCommonStock`	$62.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$109.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-38.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$16.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-984.00K	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-162.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.86M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.85M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.35M	USD	Point-in-time
Cash, cash equivalents and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.51M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.45M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.12M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.29M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.29M	USD	Point-in-time
Issuance of common stock under employee plans, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$62.00K	USD	1 Quarter
Issuance of common stock under employee plans, amount	`StockIssuedDuringPeriodValueShareBasedCompensation`	$109.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$256.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$199.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-413.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.51M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-15.00K	USD	1 Quarter
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.45M	USD	Point-in-time
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.12M	USD	Point-in-time
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$15.29M	USD	Point-in-time
Ending balance, amount	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.29M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-413.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.51M	USD	1 Quarter
Net change in cumulative translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Net change in cumulative translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-15.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-428.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.53M	USD	1 Quarter
Less: Comprehensive (loss) income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.00K	USD	1 Quarter
Less: Comprehensive (loss) income attributable to the noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.00K	USD	1 Quarter
Comprehensive loss, attributable to Aehr Test Systems common shareholders	`ComprehensiveIncomeNetOfTax`	$-427.00K	USD	1 Quarter
Comprehensive loss, attributable to Aehr Test Systems common shareholders	`ComprehensiveIncomeNetOfTax`	$-1.53M	USD	1 Quarter

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