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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS    
Cash and cash equivalents $ 2,209,000 $ 1,059,000
Restricted cash 50,000 50,000
Certificate of deposit 0 9,000,000
Trade accounts receivable, net of allowance for doubtful accounts of $100,000 in 2015 and 2014 3,038,000 3,192,000
Other receivables 107,000 131,000
Prepaid expenses and other current assets 603,000 448,000
Current deferred tax assets 0 367,000
Total current assets 6,007,000 14,247,000
PROPERTY AND EQUIPMENT, net 47,123,000 50,036,000
INVESTMENT IN EQUITY SECURITIES 579,000 2,709,000
OTHER ASSETS 405,000 536,000
TOTAL ASSETS 54,114,000 67,528,000
CURRENT LIABILITIES    
Accounts payable 375,000 421,000
Employee compensation and benefits 156,000 179,000
Other accrued liabilities 1,162,000 763,000
Current portion of long-term debt 2,674,000 2,005,000
Current portion of capital leases 4,331,000 4,103,000
Advances on line of credit 0 8,780,000
Total current liabilities 8,698,000 16,251,000
LONG-TERM DEBT, less current portion 6,923,000 8,586,000
LONG-TERM CAPITAL LEASES, less current portion 9,190,000 12,190,000
DEFERRED REVENUE, less current portion 719,000 874,000
DEFERRED INCOME TAXES $ 3,404,000 $ 3,473,000
COMMITMENTS AND CONTINGENCIES (See Note 12)
SHAREHOLDERS’ EQUITY    
Common stock, no par value Authorized - 10,000,000 shares; Issued and outstanding shares - 5,364,000 in 2015 and 5,361,000 in 2014 $ 10,376,000 $ 10,376,000
Additional paid-in capital 5,734,000 5,508,000
Retained earnings 4,020,000 5,542,000
Total equity- American Shared Hospital Services 20,130,000 21,426,000
Non-controlling interests in subsidiaries 5,050,000 4,728,000
Total shareholders' equity 25,180,000 26,154,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 54,114,000 $ 67,528,000