Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 617

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 6
Chunk 617
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 during the fiscal years ended May 30, 2025 and May 31, 2024. The carrying amounts of financial instruments including cash equivalents, accounts receivables, accounts payable and certain other accrued liabilities, approximate fair value due to their short maturities.

3. BALANCE SHEET INFORMATION Inventories consisted of the following:   May 30,  May 31, (In thousands) 2025  2024 Raw materials and sub-assemblies $30,644  $22,410 Work in process  9,263   13,593 Finished goods  2,090   1,467   $41,997  $37,470  Property and equipment, net consisted of the following:   May 30,  May 31, (In thousands) 2025  2024 Leasehold improvements $5,999  $1,298 Machinery and equipment  3,846   4,180 Test equipment  2,898   1,928 Furniture and fixtures  1,331   175 Construction-in-process  362   638    14,436   8,219 Less: accumulated depreciation and amortization  (5,467)  (4,966)  $8,969  $3,253     Depreciation expense was $1.0 million, $0.7 million, and $0.5 million in fiscal years 2025, 2024, and 2023, respectively.

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Accrued expenses and other current liabilities consisted of the following:   May 30,  May 31, (In thousands) 2025  2024 Commissions and bonuses $1,420  $1,290 Payroll related  1,335   1,202 Professional services  436   503 Warranty reserve  428   234 Escrow payable  1,762   - Other  639   137   $6,020  $3,366  Changes in the Company’s warranty reserve were as follows:   May 30,  May 31, (In thousands) 2025  2024 Balance at the beginning of the period $