PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 3 – Property and Equipment

Property and equipment consists of the following:

	DECEMBER 31,
	2014		2013
Medical equipment and facilities	$	82,151,000	$	86,712,000
Office equipment		721,000		749,000
Deposits and construction in progress		8,736,000		4,719,000
Deposits towards purchase of proton beam systems		5,000,000		3,000,000
		96,608,000		95,180,000
Accumulated depreciation		(46,572,000)		(43,799,000)
Net property and equipment	$	50,036,000	$	51,381,000

The Company has equipment that is secured under capitalized leases, which is included in Medical equipment and facilities, with a total cost of $29,548,000 and associated accumulated depreciation of $11,269,000 as of December 31, 2014 and a total cost of $30,538,000 and associated accumulated depreciation of $9,858,000 as of December 31, 2013.

As of December 31, 2014, the Company has $5,000,000 in deposits toward the purchase of three MEVION S250 proton beam radiation therapy (“PBRT”) systems from Mevion. The Company has a commitment for the remaining balance for each system. The Company’s first PBRT system was delivered in 2014. The Company has entered into a partnership agreement (LBE) with a radiation oncology physician group, which has contributed $400,000 towards the deposits on the third machine. The Company reviews the carrying value of these deposits for impairment on a quarterly basis, or as events or circumstances might indicate that the carrying value may not be recoverable. See Note 12-Commitments and Contingencies for additional discussion on purchase commitments.