Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 501

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 4
Chunk 501
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 taxes:            Current   33   55   32 Deferred   -   -   -   $(381) $(20,698) $60  The Company’s effective tax rate differs from the U.S. federal statutory tax rate, as follows:   Year Ended   May 30,  May 31,  May 31,   2025  2024  2023 U.S. federal statutory tax rate  21.0%  21.0%  21.0%State taxes, net of federal tax effect  0.1   (51.1)  - Foreign rate differential  0.1   0.2   0.7 Stock-based compensation   (10.3)  (8.4)  (9.1)Research and development credit  (1.3)  (1.5)  (2.3)Change in valuation allowance  -   (126.0)  (9.3)Other  (0.7)  (0.3)  (0.6)Effective tax rate  8.9%  (166.1)%  0.4%  The components of the net deferred tax assets and liabilities are as follows:   May 30,  May 31, (In thousands) 2025  2024 Deferred tax assets:      Net operating losses $7,945  $9,344 Lease liability  2,295   1,310 Credit carryforwards  6,681   6,739 Inventory reserves  1,067   1,070 Reserves and accruals  1,368   855 Capitalized research and development  4,291   2,645 Other  -   23    23,647   21,986 Deferred tax liabilities:        Operating lease right-of-use assets  (2,035)  (1,213)Intangibles  (2,285)  - Other  (213)  - Net deferred tax assets  $19,114  $20,773  During the year ended May 31, 2024, the