Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR8.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR1.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR6.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR7.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR3.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR9.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR5.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR2.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR4.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR38.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR20.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR36.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR40.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR14.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR23.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR35.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR21.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR17.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR10.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR34.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR15.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR32.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR29.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR37.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR39.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR26.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR27.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR33.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR12.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR22.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR31.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR28.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR25.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR13.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR24.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR30.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR18.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR19.htm
XML - IDEA: XBRL DOCUMENT - AEHR TEST SYSTEMSR11.htm
EX-32 - CERTIFICATION - AEHR TEST SYSTEMSaehr_ex32.htm
EX-31.1 - CERTIFICATION - AEHR TEST SYSTEMSaehr_ex311.htm
EX-31.2 - CERTIFICATION - AEHR TEST SYSTEMSaehr_ex312.htm
10-Q - FORM 10-Q FOR THE PERIOD ENDED NOVEMBER 30, 2012 - AEHR TEST SYSTEMSaehr_10q.htm
v2.4.0.6
10. LINE OF CREDIT
6 Months Ended
Nov. 30, 2012
Line Of Credit  
Line of Credit

10. LINE OF CREDIT

 

On August 25, 2011, the Company entered into a working capital credit facility agreement allowing the Company to borrow up to $1.5 million based upon qualified accounts receivable, and export-related inventory. On May 29, 2012 the credit agreement was amended to increase the borrowing limit to $2.0 million. On September 11, 2012 the Company entered into the Second Amendment to Loan and Security Agreement to increase the borrowing limit under the credit facility from $2.0 million to $2.5 million. Each account receivable financed by the lender will bear an annual interest rate or finance charge equal to the greater of the lender's prime rate less 0.5%, or 3.50%, when the Company meets certain borrowing base requirements. If the Company does not meet the borrowing base requirements, each account receivable financed by the lender will bear an annual interest rate or finance charge equal to the greater of the lender's prime rate plus 0.75%, or 4.75%. The applicable interest is calculated based on the full amount of the account receivable and export-related inventory provided as collateral for the actual amounts borrowed. Depending on the composition of the collateral items, whether or not the Company meets certain borrowing base requirements and the relative cash position of the Company, the equivalent annual interest rate applied to the actual loan balances may vary from 3.89% to 8.94%, assuming that the bank’s prime rate is 4.00% or less. At November 30, 2012 the weighted average interest rate on the outstanding loan balance was 3.95%. The average loan balance for the three and six months of fiscal 2013 was $1,381,000 and $1,043,000, respectively. The line of credit is collateralized by all the Company’s assets except for intellectual property, and has a maturity date of August 23, 2013. At November 30, 2012 the Company had drawn $1,685,000 against the credit facility. The balance available to borrow under the line at November 30, 2012 was $815,000. The Company was in compliance with all covenants at November 30, 2012.