Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 316

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1C
Chunk 316
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 to purchased intangible assets for the year ended May 30, 2025.

 6. INCOME TAXES Domestic and foreign components of income (loss) before income tax expense (benefit) are as follows:   Year Ended   May 30,  May 31,  May 31, (In thousands) 2025  2024  2023 Domestic $(4,422) $12,355  $14,541 Foreign   131   103   76   $(4,291) $12,458  $14,617 

 45Table of Contents

The income tax expense (benefit) consists of the following:   Year Ended   May 30,  May 31,  May 31, (In thousands) 2025  2024  2023 Federal income taxes:         Current  $-  $6  $28 Deferred   (409)  (14,377)  - State income taxes:            Current   7   14   - Deferred   (12)  (6,396)  - Foreign income 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)  (