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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Shared Hospital Services | AMEX:AMS | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.09 | 0 | 09:00:00 |
|
ý
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
¨
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
California
|
94-2918118
|
(State or other jurisdiction of
incorporation or organization)
|
(IRS Employer
Identification No.)
|
Two Embarcadero Center, Suite 410, San Francisco, California
(Address of Principal Executive Offices)
|
94111
(Zip Code)
|
Title of each class
|
|
Trading Symbol(s)
|
|
Name of each exchange on which
registered
|
American Shared Hospital Services Common Stock, No Par Value
|
|
AMS
|
|
NYSE AMERICAN
|
|
Item 1.
|
Financial Statements
|
ASSETS
|
|
June 30, 2019
|
|
December 31, 2018
|
|||||
Current assets:
|
|
|
|
|
|||||
Cash and cash equivalents
|
|
$
|
1,906,000
|
|
|
$
|
1,442,000
|
|
|
Restricted cash
|
|
350,000
|
|
|
350,000
|
|
|||
Accounts receivable, net of allowance for doubtful accounts of $100,000 at June 30, 2019 and $100,000 at December 31, 2018
|
|
6,565,000
|
|
|
5,502,000
|
|
|||
|
|
|
|
|
|||||
Other receivables insurance proceeds
|
|
—
|
|
|
1,137,000
|
|
|||
Other receivables
|
|
481,000
|
|
|
239,000
|
|
|||
Prepaid expenses and other current assets
|
|
644,000
|
|
|
1,276,000
|
|
|||
|
|
|
|
|
|||||
Total current assets
|
|
9,946,000
|
|
|
9,946,000
|
|
|||
|
|
|
|
|
|||||
Property and equipment:
|
|
|
|
|
|||||
Medical equipment and facilities
|
|
90,600,000
|
|
|
94,031,000
|
|
|||
Office equipment
|
|
573,000
|
|
|
589,000
|
|
|||
Deposits and construction in progress
|
|
4,365,000
|
|
|
6,082,000
|
|
|||
|
|
95,538,000
|
|
|
100,702,000
|
|
|||
Accumulated depreciation and amortization
|
|
(52,013,000
|
)
|
|
(54,008,000
|
)
|
|||
Net property and equipment
|
|
43,525,000
|
|
|
46,694,000
|
|
|||
|
|
|
|
|
|||||
Right of use assets
|
|
1,238,000
|
|
|
—
|
|
|||
|
|
|
|
|
|||||
Other assets
|
|
858,000
|
|
|
862,000
|
|
|||
|
|
|
|
|
|||||
Total assets
|
|
$
|
55,567,000
|
|
|
$
|
57,502,000
|
|
|
|
|
|
|
|
|||||
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
June 30, 2019
|
|
December 31, 2018
|
|||||
Current liabilities:
|
|
|
|
|
|||||
Accounts payable
|
|
$
|
446,000
|
|
|
$
|
435,000
|
|
|
Employee compensation and benefits
|
|
227,000
|
|
|
207,000
|
|
|||
Other accrued liabilities
|
|
1,527,000
|
|
|
1,329,000
|
|
|||
Other accrued liabilities insurance payable
|
|
—
|
|
|
977,000
|
|
|||
|
|
|
|
|
|||||
Current portion of lease liabilities
|
|
267,000
|
|
|
—
|
|
|||
Current portion of long-term debt
|
|
1,981,000
|
|
|
2,119,000
|
|
|||
Current portion of obligations under capital leases
|
|
4,149,000
|
|
|
4,407,000
|
|
|||
|
|
|
|
|
|||||
Total current liabilities
|
|
8,597,000
|
|
|
9,474,000
|
|
|||
|
|
|
|
|
|||||
Long-term lease liabilities, less current portion
|
|
971,000
|
|
|
—
|
|
|||
Long-term debt, less current portion
|
|
2,502,000
|
|
|
3,332,000
|
|
|||
Long-term capital leases, less current portion
|
|
8,456,000
|
|
|
10,308,000
|
|
|||
Deferred revenue, less current portion
|
|
329,000
|
|
|
382,000
|
|
|||
|
|
|
|
|
|||||
Deferred income taxes
|
|
2,958,000
|
|
|
2,958,000
|
|
|||
|
|
|
|
|
|||||
Shareholders' equity:
|
|
|
|
|
|||||
Common stock, no par value (10,000,000 authorized; 5,816,000 and 5,714,000 shares issued and outstanding at June 30, 2019 and at December 31, 2018)
|
|
10,711,000
|
|
|
10,711,000
|
|
|||
Additional paid-in capital
|
|
6,603,000
|
|
|
6,495,000
|
|
|||
Retained earnings
|
|
8,197,000
|
|
|
7,896,000
|
|
|||
Total equity-American Shared Hospital Services
|
|
25,511,000
|
|
|
25,102,000
|
|
|||
Non-controlling interest in subsidiary
|
|
6,243,000
|
|
|
5,946,000
|
|
|||
Total shareholders' equity
|
|
31,754,000
|
|
|
31,048,000
|
|
|||
|
|
|
|
|
|||||
Total liabilities and shareholders' equity
|
|
$
|
55,567,000
|
|
|
$
|
57,502,000
|
|
|
Three Months ended June 30,
|
|
Six Months ended June 30,
|
||||||||||||
|
2019
|
|
2018
|
|
2019
|
|
2018
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Revenues
|
$
|
5,197,000
|
|
|
$
|
5,169,000
|
|
|
$
|
10,518,000
|
|
|
$
|
10,474,000
|
|
|
|
|
|
|
|
|
|
||||||||
Costs of revenue:
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Maintenance and supplies
|
652,000
|
|
|
627,000
|
|
|
1,320,000
|
|
|
1,253,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Depreciation and amortization
|
2,008,000
|
|
|
1,664,000
|
|
|
3,902,000
|
|
|
3,321,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Other direct operating costs
|
808,000
|
|
|
797,000
|
|
|
1,630,000
|
|
|
1,613,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
|
3,468,000
|
|
|
3,088,000
|
|
|
6,852,000
|
|
|
6,187,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Gross Margin
|
1,729,000
|
|
|
2,081,000
|
|
|
3,666,000
|
|
|
4,287,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Selling and administrative expense
|
1,081,000
|
|
|
1,032,000
|
|
|
2,136,000
|
|
|
2,017,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Interest expense
|
346,000
|
|
|
406,000
|
|
|
713,000
|
|
|
831,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Operating income
|
302,000
|
|
|
643,000
|
|
|
817,000
|
|
|
1,439,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Proceeds received from investment in equity securities
|
—
|
|
|
22,000
|
|
|
—
|
|
|
22,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Interest and other income
|
4,000
|
|
|
4,000
|
|
|
8,000
|
|
|
9,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Income before income taxes
|
306,000
|
|
|
669,000
|
|
|
825,000
|
|
|
1,470,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Income tax expense
|
27,000
|
|
|
169,000
|
|
|
151,000
|
|
|
319,000
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Net income
|
279,000
|
|
|
500,000
|
|
|
674,000
|
|
|
1,151,000
|
|
||||
Less: Net income attributable to non-controlling interest
|
(248,000
|
)
|
|
(213,000
|
)
|
|
(373,000
|
)
|
|
(474,000
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
Net income attributable to American Shared Hospital Services
|
$
|
31,000
|
|
|
$
|
287,000
|
|
|
$
|
301,000
|
|
|
$
|
677,000
|
|
|
|
|
|
|
|
|
|
||||||||
Net income per share:
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Earnings per common share - basic
|
$
|
0.01
|
|
|
$
|
0.05
|
|
|
$
|
0.05
|
|
|
$
|
0.12
|
|
|
|
|
|
|
|
|
|
||||||||
Earnings per common share - diluted
|
$
|
0.01
|
|
|
$
|
0.05
|
|
|
$
|
0.05
|
|
|
$
|
0.12
|
|
|
|
|
|
|
|
|
|
|
|
FOR THE THREE AND SIX-MONTH PERIODS ENDED JUNE 30, 2019 AND 2018
|
|||||||||||||||||||||||||
|
|
Common
Shares
|
|
Common
Stock
|
|
Additional
Paid-in
Capital
|
|
Retained
Earnings
|
|
Sub-Total
ASHS
|
|
Non-controlling
Interests in
Subsidiaries
|
|
Total
|
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at January 1, 2019
|
|
5,714,000
|
|
|
$
|
10,711,000
|
|
|
$
|
6,495,000
|
|
|
$
|
7,896,000
|
|
|
$
|
25,102,000
|
|
|
$
|
5,946,000
|
|
|
$
|
31,048,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Stock-based compensation expense
|
|
—
|
|
|
—
|
|
|
55,000
|
|
|
—
|
|
|
55,000
|
|
|
—
|
|
|
55,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Cash distributions to non-controlling interests
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(19,000
|
)
|
|
(19,000
|
)
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
270,000
|
|
|
270,000
|
|
|
125,000
|
|
|
395,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at March 31, 2019
|
|
5,714,000
|
|
|
10,711,000
|
|
|
6,550,000
|
|
|
8,166,000
|
|
|
25,427,000
|
|
|
6,052,000
|
|
|
31,479,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Stock-based compensation expense
|
|
102,000
|
|
|
—
|
|
|
53,000
|
|
|
—
|
|
|
53,000
|
|
|
—
|
|
|
53,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Cash distributions to non-controlling interests
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(57,000
|
)
|
|
(57,000
|
)
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
31,000
|
|
|
31,000
|
|
|
248,000
|
|
|
279,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at June 30, 2019
|
|
5,816,000
|
|
|
$
|
10,711,000
|
|
|
$
|
6,603,000
|
|
|
$
|
8,197,000
|
|
|
$
|
25,511,000
|
|
|
$
|
6,243,000
|
|
|
$
|
31,754,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at January 1, 2018
|
|
5,710,000
|
|
|
$
|
10,711,000
|
|
|
$
|
6,272,000
|
|
|
$
|
6,873,000
|
|
|
$
|
23,856,000
|
|
|
$
|
6,029,000
|
|
|
$
|
29,885,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Stock-based compensation expense
|
|
—
|
|
|
—
|
|
|
55,000
|
|
|
—
|
|
|
55,000
|
|
|
—
|
|
|
55,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
390,000
|
|
|
390,000
|
|
|
261,000
|
|
|
651,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at March 31, 2018
|
|
5,710,000
|
|
|
10,711,000
|
|
|
6,327,000
|
|
|
7,263,000
|
|
|
24,301,000
|
|
|
6,290,000
|
|
|
30,591,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Stock-based compensation expense
|
|
4,000
|
|
|
—
|
|
|
57,000
|
|
|
—
|
|
|
57,000
|
|
|
—
|
|
|
57,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Cash distributions to non-controlling interests
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(77,000
|
)
|
|
(77,000
|
)
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Net income
|
|
—
|
|
|
—
|
|
|
—
|
|
|
287,000
|
|
|
287,000
|
|
|
213,000
|
|
|
500,000
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
Balances at June 30, 2018
|
|
5,714,000
|
|
|
$
|
10,711,000
|
|
|
$
|
6,384,000
|
|
|
$
|
7,550,000
|
|
|
$
|
24,645,000
|
|
|
$
|
6,426,000
|
|
|
$
|
31,071,000
|
|
|
Six Months ended June 30,
|
||||||
|
2019
|
|
2018
|
||||
Operating activities:
|
|
|
|
||||
Net income
|
$
|
674,000
|
|
|
$
|
1,151,000
|
|
|
|
|
|
||||
Adjustments to reconcile net income to net cash from operating activities:
|
|
|
|
||||
|
|
|
|
||||
Depreciation and amortization
|
3,933,000
|
|
|
3,364,000
|
|
||
|
|
|
|
||||
Non cash lease expense
|
124,000
|
|
|
|
|||
|
|
|
|
||||
Deferred income tax
|
—
|
|
|
229,000
|
|
||
|
|
|
|
||||
Stock-based compensation expense
|
108,000
|
|
|
112,000
|
|
||
|
|
|
|
||||
Net accrued interest on lease financing
|
9,000
|
|
|
7,000
|
|
||
|
|
|
|
||||
Interest expense associated with lease liabilities
|
40,000
|
|
|
—
|
|
||
|
|
|
|
||||
Changes in operating assets and liabilities:
|
|
|
|
||||
|
|
|
|
||||
Receivables
|
(1,305,000
|
)
|
|
77,000
|
|
||
|
|
|
|
||||
Prepaid expenses and other assets
|
618,000
|
|
|
481,000
|
|
||
|
|
|
|
||||
Customer deposits/deferred revenue
|
(48,000
|
)
|
|
(58,000
|
)
|
||
|
|
|
|
||||
Lease liability
|
(164,000
|
)
|
|
—
|
|
||
|
|
|
|
||||
Accounts payable and accrued liabilities
|
224,000
|
|
|
191,000
|
|
||
|
|
|
|
||||
Net cash provided by operating activities
|
4,213,000
|
|
|
5,554,000
|
|
||
|
|
|
|
||||
Investing activities:
|
|
|
|
||||
Payment for purchase of property and equipment
|
(746,000
|
)
|
|
(792,000
|
)
|
||
|
|
|
|
||||
Proceeds from insurance
|
160,000
|
|
|
—
|
|
||
|
|
|
|
||||
Net cash used in investing activities
|
(586,000
|
)
|
|
(792,000
|
)
|
||
|
|
|
|
||||
Financing activities:
|
|
|
|
||||
Principal payments on long-term debt
|
(977,000
|
)
|
|
(1,278,000
|
)
|
||
|
|
|
|
||||
Principal payments on capital leases
|
(2,110,000
|
)
|
|
(2,066,000
|
)
|
||
|
|
|
|
||||
Distributions to non-controlling interests
|
(76,000
|
)
|
|
(77,000
|
)
|
||
|
|
|
|
||||
Net cash used in financing activities
|
(3,163,000
|
)
|
|
(3,421,000
|
)
|
||
|
|
|
|
||||
Net change in cash, cash equivalents, and restricted cash
|
464,000
|
|
|
1,341,000
|
|
||
|
|
|
|
||||
Cash, cash equivalents, and restricted cash at beginning of period
|
1,792,000
|
|
|
2,502,000
|
|
||
|
|
|
|
||||
Cash, cash equivalents, and restricted cash at end of period
|
$
|
2,256,000
|
|
|
$
|
3,843,000
|
|
|
|
|
|
||||
Supplemental cash flow disclosure:
|
|
|
|
||||
Cash paid during the period for:
|
|
|
|
||||
|
|
|
|
||||
Interest
|
$
|
713,000
|
|
|
$
|
831,000
|
|
|
|
|
|
||||
Income taxes paid
|
$
|
384,000
|
|
|
$
|
88,000
|
|
|
|
|
|
||||
Schedule of non-cash investing and financing activities
|
|
|
|
||||
Right of use assets and lease liabilities
|
$
|
1,362,000
|
|
|
$
|
—
|
|
|
|
|
|
||||
Interest capitalized to property and equipment
|
$
|
54,000
|
|
|
$
|
53,000
|
|
|
|
|
|
||||
Acquisition of equipment with capital lease financing
|
$
|
—
|
|
|
$
|
1,679,000
|
|
Note 1.
|
Basis of Presentation
|
Note 2.
|
Property and Equipment
|
|
|
June 30,
|
|
December 31,
|
||||
|
|
2019
|
|
2018
|
||||
|
|
|
|
|
||||
Medical equipment and facilities
|
|
$
|
90,600,000
|
|
|
$
|
94,031,000
|
|
Office equipment
|
|
573,000
|
|
|
589,000
|
|
||
Deposits and construction in progress
|
|
2,115,000
|
|
|
3,832,000
|
|
||
Deposits towards purchase of proton beam systems
|
|
2,250,000
|
|
|
2,250,000
|
|
||
|
|
|
|
|
||||
|
|
95,538,000
|
|
|
100,702,000
|
|
||
Accumulated depreciation
|
|
(52,013,000
|
)
|
|
(54,008,000
|
)
|
||
|
|
|
|
|
||||
Net property and equipment
|
|
$
|
43,525,000
|
|
|
$
|
46,694,000
|
|
Note 3.
|
Long-Term Debt Financing
|
Note 4.
|
Capital Lease Financing
|
Note 5.
|
Leases
|
Year ending December 31,
|
Operating Leases
|
||
|
|
||
2019 (excluding the six-months ended June 30, 2019)
|
$
|
168,000
|
|
2020
|
340,000
|
|
|
2021
|
347,000
|
|
|
2022
|
331,000
|
|
|
2023
|
214,000
|
|
|
Thereafter
|
6,000
|
|
|
|
|
||
Total lease payments
|
1,406,000
|
|
|
Less imputed interest
|
(168,000
|
)
|
|
Total
|
$
|
1,238,000
|
|
Note 6.
|
Per Share Amounts
|
|
|
Three Months ended June 30,
|
|
Six Months ended June 30,
|
||||||||||||
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
||||||||
Net income attributable to American Shared Hospital Services
|
|
$
|
31,000
|
|
|
$
|
287,000
|
|
|
$
|
301,000
|
|
|
$
|
677,000
|
|
|
|
|
|
|
|
|
|
|
||||||||
Weighted average common shares for basic earnings per share
|
|
5,876,000
|
|
|
5,834,000
|
|
|
5,862,000
|
|
|
5,826,000
|
|
||||
Diluted effect of stock options and restricted stock
|
|
30,000
|
|
|
28,000
|
|
|
33,000
|
|
|
29,000
|
|
||||
Weighted average common shares for diluted earnings per share
|
|
5,906,000
|
|
|
5,862,000
|
|
|
5,895,000
|
|
|
5,855,000
|
|
||||
|
|
|
|
|
|
|
|
|
||||||||
Basic earnings per share
|
|
$
|
0.01
|
|
|
$
|
0.05
|
|
|
$
|
0.05
|
|
|
$
|
0.12
|
|
Diluted earnings per share
|
|
$
|
0.01
|
|
|
$
|
0.05
|
|
|
$
|
0.05
|
|
|
$
|
0.12
|
|
Note 7.
|
Stock-based Compensation
|
|
|
Stock
Options
|
|
Grant Date
Weighted-
Average
Exercise
Price
|
|
Weighted-
Average
Remaining
Contractual
Life (in
Years)
|
|
Intrinsic
Value
|
||||||
Outstanding at January 1, 2019
|
|
613,000
|
|
|
$
|
2.85
|
|
|
3.18
|
|
|
$
|
—
|
|
Granted
|
|
18,000
|
|
|
$
|
2.91
|
|
|
7.00
|
|
|
$
|
—
|
|
Exercised
|
|
(16,000
|
)
|
|
$
|
2.59
|
|
|
—
|
|
|
$
|
—
|
|
Forfeited
|
|
(12,000
|
)
|
|
$
|
3.05
|
|
|
—
|
|
|
$
|
—
|
|
Outstanding at June 30, 2019
|
|
603,000
|
|
|
$
|
2.86
|
|
|
2.34
|
|
|
$
|
57,000
|
|
Exercisable at June 30, 2019
|
|
477,000
|
|
|
$
|
2.87
|
|
|
2.22
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
||||||
Outstanding at January 1, 2018
|
|
615,000
|
|
|
$
|
2.87
|
|
|
3.48
|
|
|
$
|
—
|
|
Granted
|
|
16,000
|
|
|
$
|
2.68
|
|
|
6.96
|
|
|
$
|
—
|
|
Forfeited
|
|
(18,000
|
)
|
|
$
|
3.15
|
|
|
0
|
|
|
$
|
—
|
|
Outstanding at June 30, 2018
|
|
613,000
|
|
|
$
|
2.85
|
|
|
3.18
|
|
|
$
|
32,000
|
|
Exercisable at June 30, 2018
|
|
382,000
|
|
|
$
|
2.86
|
|
|
3.04
|
|
|
$
|
—
|
|
Note 8.
|
Income Taxes
|
Item 2.
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
|
|
Payments Due by Period
|
||||||||||||||||||
Contractual Obligations
|
|
Total amounts
committed
|
|
2019
|
|
2020-2022
|
|
2023
|
|
After
5 years
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Long-term debt (includes interest)
|
|
$
|
5,029,000
|
|
|
$
|
1,257,000
|
|
|
$
|
2,686,000
|
|
|
$
|
334,000
|
|
|
$
|
752,000
|
|
Capital leases (includes interest)
|
|
14,627,000
|
|
|
2,817,000
|
|
|
10,978,000
|
|
|
524,000
|
|
|
308,000
|
|
|||||
Future equipment purchases
|
|
42,110,000
|
|
|
4,635,000
|
|
|
37,475,000
|
|
|
—
|
|
|
—
|
|
|||||
Equipment service contracts
|
|
11,068,000
|
|
|
1,469,000
|
|
|
7,154,000
|
|
|
345,000
|
|
|
2,100,000
|
|
|||||
Operating leases
|
|
1,309,000
|
|
|
171,000
|
|
|
962,000
|
|
|
176,000
|
|
|
—
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Total contractual obligations
|
|
$
|
74,143,000
|
|
|
$
|
10,349,000
|
|
|
$
|
59,255,000
|
|
|
$
|
1,379,000
|
|
|
$
|
3,160,000
|
|
Item 3.
|
Quantitative and Qualitative Disclosures about Market Risk
|
Item 4.
|
Controls and Procedures
|
Item 1.
|
Legal Proceedings.
|
Item 1A.
|
Risk Factors
|
Item 2.
|
Unregistered Sales of Equity Securities and Use of Proceeds.
|
Item 3.
|
Defaults Upon Senior Securities.
|
Item 4.
|
Mine Safety Disclosures
|
Item 5.
|
Other Information.
|
Item 6.
|
Exhibit Index
|
Date:
|
August 13, 2019
|
/s/ Ernest A. Bates, M.D.
|
|
|
Ernest A. Bates, M.D.
|
|
|
Chairman of the Board and Chief Executive Officer
|
|
|
|
Date:
|
August 13, 2019
|
/s/ Craig K. Tagawa
|
|
|
Craig K. Tagawa
|
|
|
Senior Vice President
|
|
|
Chief Operating and Financial Officer
|
1 Year American Shared Hospital... Chart |
1 Month American Shared Hospital... Chart |
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