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DISSOLUTION OF AEHR TEST SYSTEMS JAPAN | 9 Months Ended
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Feb. 28, 2022
DISSOLUTION OF AEHR TEST SYSTEMS JAPAN |
DISSOLUTION OF AEHR TEST SYSTEMS JAPAN | 16. DISSOLUTION OF AEHR TEST SYSTEMS JAPAN On July 31, 2020, the Company completed the liquidation of ATS-Japan, a majority owned subsidiary. Accordingly, the Company deconsolidated ATS-Japan and recognized an aggregate net gain of $2,401,000 for the period ended August 31, 2020. The net gain was mainly due to cumulative translation adjustment reclassified into earnings of $2,186,000 and the residual income tax effect in connection with the cumulative translation adjustment released into income tax benefits of $215,000.

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