Company: AEHR
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001654954-25-000285
Chunk: 15

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 parts and service. The following is a summary of changes in the Company's liability for product warranties during the three and six months ended November 29, 2024 and November 30, 2023:   Three Months Ended  Six Months Ended   November 29,  November 30,  November 29,  November 30, (In thousands) 2024  2023  2024  2023 Balance at the beginning of the period $219  $232  $234  $267 Accruals for warranties issued during the period  130   162   308   227 Warranties acquired through business combination  144   -   144   - Consumption of reserves  (135)  (173)  (328)  (273)Balance at the end of the period $358  $221  $358  $221  The accrued warranty balance is included in accrued expenses on the accompanying Condensed Consolidated Balance Sheets. Deferred revenue Deferred revenue, short-term consisted of the following:   November 29,  May 31, (In thousands) 2024  2024 Customer deposits $511  $1,248 Deferred revenue  102   97   $613  $1,345 

5. GOODWILL AND PURCHASED INTANGIBLE ASSETS Goodwill The Company's goodwill activity during the six months ended November 29, 2024 was as follows: (In thousands) Total Balance as of May 31, 2024 $- Addition due to business combination  10,742 Balance as of November 29, 2024 $10,742  There were no impairments to goodwill during the three and six months ended November 29, 2024.

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Purchased Intangible Assets The Company’s purchased intangible assets, net, were as follows:   November 29, 2024 (In thousands)   Accumulated    Finite-lived intangible assets: Gross  Amortization  Net Developed technology $9,130  $(254) $8,876 Trade names  1,050   (35)  1