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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Cash and cash equivalents $ 2,580,000 $ 1,438,000
Restricted cash 50,000 50,000
Certificate of deposit 9,000,000 9,000,000
Trade accounts receivable, net of allowance for doubtful accounts of $100,000 in 2011 and 2010 4,604,000 3,730,000
Other receivables 158,000 71,000
Prepaid expenses and other current assets 733,000 473,000
Current deferred tax assets 490,000 313,000
Total current assets 17,615,000 15,075,000
PROPERTY AND EQUIPMENT, net 53,267,000 47,360,000
INVESTMENT IN PREFERRED STOCK 2,656,000 2,617,000
OTHER ASSETS 997,000 288,000
TOTAL ASSETS 74,535,000 65,340,000
LIABILITIES AND SHAREHOLDERS' EQUITY    
Accounts payable 278,000 337,000
Employee compensation and benefits 255,000 211,000
Other accrued liabilities 1,795,000 823,000
Current portion of long-term debt 3,940,000 3,474,000
Current portion of capital leases 3,676,000 2,599,000
Total current liabilities 9,944,000 7,444,000
LONG-TERM DEBT, less current portion 11,428,000 8,803,000
LONG-TERM CAPITAL LEASES, less current portion 16,707,000 14,367,000
ADVANCES ON LINE OF CREDIT 7,850,000 8,500,000
DEFERRED INCOME TAXES 3,435,000 3,182,000
COMMITMENTS AND CONTINGENCIES (see Note 12)      
SHAREHOLDERS' EQUITY    
Common stock, no par value Authorized - 10,000,000 shares; Issued and outstanding shares - 4,611,000 in 2011 and 4,597,000 in 2010 8,606,000 8,606,000
Additional paid-in capital 4,828,000 4,703,000
Retained earnings 6,768,000 6,262,000
Total equity- American Shared Hospital Services 20,202,000 19,571,000
Non-controlling interests in subsidiaries 4,969,000 3,473,000
Total shareholders' equity 25,171,000 23,044,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 74,535,000 $ 65,340,000