Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 87

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1
Chunk 87
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 segment managers who are held accountable for operations or operating results below the consolidated unit level. Accordingly, the Company has only one reportable segment. The information for revenue category by type, geography and timing of revenue recognition, is summarized in Note 11, “Revenue.” The CODM reviews consolidated expense information under the categories that are reported on the Consolidated Statement of Operations, for the purpose of allocating resources and evaluating financial performance.  Property and equipment information is based on the physical location of the assets. The following table presents property and equipment information for geographic areas:   May 30,  May 31, (In thousands) 2025  2024 United States $8,892  $3,128 International  77   125 Total property and equpment, net $8,969  $3,253   As of May 30, 2025, the operating lease right-of-use assets of $9.3 million and $0.3 million were allocated to the United States and international locations, respectively. As of May 31, 2024, operating lease right-of-use assets of $5.4 million and $0.3 million were allocated to the United States and international locations, respectively. 

17. SUBSEQUENT EVENTS On July 4, 2025, the One Big Beautiful Bill Act was enacted. Among other changes, it permanently extends several corporate tax provisions formerly expiring in 2025, alters depreciation/amortization rules (including full R&D expensing and bonus depreciation), modifies interest deductibility limits, and discontinues or phases out certain energy tax credits. The company is currently evaluating the impacts on its financial statements including its effective tax rate and deferred tax assets and liabilities in future years.

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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

(a) Evaluation of disclosure controls and procedures.

Our management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of the end of the period covered by this Annual Report on Form 10-K. Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures are effective to ensure that information we are required to disclose in