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

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
Chunk 13
---
 that is determined based on assumptions that market participants would use in pricing an asset or a liability. Assets and liabilities recorded at fair value are measured and classified in accordance with a three-tier fair value hierarchy based on the observability of the inputs available in the market used to measure fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Inputs that are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant inputs are observable in the market or can be derived from observable market data. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including interest rate curves, foreign exchange rates, and credit ratings. Level 3 — Unobservable inputs that are supported by little or no market activities.

 12Table of Contents

The following table represents the Company’s assets measured at fair value on a recurring basis as of November 29, 2024, and the basis for that measurement:   Balance as of       (In thousands) November 29, 2024  Level 1  Level 2  Level 3 Money market funds $31,123  $31,123  $-  $- Total $31,123  $31,123  $-  $-  The following table represents the Company’s assets measured at fair value on a recurring basis as of May 31, 2024, and the basis for that measurement:   Balance as of       (In thousands) May 31, 2024  Level 1  Level 2  Level 3 Money market funds $44,280  $44,280  $-  $- Total $44,280  $44,280  $-  $-  Included in money market funds as of November 29, 2024 and May 31, 2024 is $0.2 million restricted cash representing a security deposit for the Company’s United States manufacturing and office space lease. There were no financial liabilities measured at fair value as of November 29, 2024 and May 31, 2024. There were no transfers between Level 1 and Level 2 fair value measurements