ADDED
asha20251231_10k.htm 0000744825 AMERICAN SHARED HOSPITAL SERVICES false --12-31 FY 2025 true true true As part of the Company s framework for cybersecurity risk oversight and governance, the Company s network, information, and data-security policies set forth in the NIDSP Guidelines are enforced by the Company s IT Manager and/or its executive team.
false false false false false true false 980,000 265,000 250,000 250,000 0 0 10,000,000 10,000,000 6,575,000 6,575,000 6,420,000 6,420,000 8 2 2 4 1 0 10 0 0 0 0 5 3 5 http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember http://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMember 0 0 771,000 December 31, 2029 2020 2021 2022 2023 2024 2025 1,014,000 0 0 0 3 115,000 6,000 2 7 The states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include Florida and Rhode Island.
health care reform legislation competition and alternatives to our services technological advances and the risk of equipment obsolescence our significant investment in the proton beam radiation therapy business restrictions in our debt agreements that limit our flexibility to operate our business our ability to be in compliance with our debt covenants and repay our indebtedness breaches in security of our information technology the small and illiquid market for our stock These lists are not all-inclusive because it is not possible to predict all factors.
The Company s facilities in Rhode Island, Peru, Ecuador, and Mexico are considered direct patient services, where a contract exists between the Company s facilities and the individual treated at the facility.
Under the agreement, the Company is responsible for providing a linear accelerator ( LINAC ) upgrade to an Elekta Versa HD, and Guadalupe is accountable for all site modification costs.
Pursuant to amendments to the IPA entered into on April 18, 2024 and May 7, 2024, the Company purchased a GE Discovery RT CT Simulator from GenesisCare for $175,000, and GenesisCare agreed to transfer certain assets and payor contracts to the RI Companies rather than the Company.
By acquiring the RI Companies, the Company further expanded its direct patient service business model in the United States and diversified its cancer treatment product offerings.
On April 9, 2024, Bristol was granted a Certificate of Need (a CoN ) to provide radiation therapy services in Bristol, Rhode Island.
The Company expects to construct a LINAC facility on this real property.
On June 28, 2024, ASHS-Mexico signed a Joint Venture Agreement with Hospital San Javier, S.A.
REMOVED
The Company s facilities in Rhode Island, Peru, Ecuador, and Mexico are considered direct patient services, which we also refer to as the Company s retail segment, where a contract exists between the Company s facilities and the individual treated at the facility.
As described below, in May 2024, the Company acquired a 60% interest in three, existing linear accelerator ( LINAC ) facilities in Rhode Island, and, in July 2024, the Company began operating a stand-alone LINAC facility in Puebla, Mexico.
Under the Agreement, the Company is responsible for providing a linear accelerator, an Elekta Versa HD, and Guadalupe is accountable for all site modification costs.
Operating costs incurred for the twelve-month period ended December 31, 2024 by Puebla, are included in the consolidated statement of operations.
signed a Joint Venture Agreement with Hospital San Javier, S.A.
( HSJ ) to establish Newco to provide radiosurgery services to public- and private-paying patients in Guadalajara, Mexico.
The Company and HSJ will hold 70% and 30% ownership interests, respectively, in Newco.
The Company does not expect that Newco will begin treating patients until mid to late 2025.
The Company expects to construct a linear accelerator facility on this real property.
Proton Beam Radiation Therapy Operations PBRT is an advanced alternative to traditional external beam, photon-based radiation delivered by linear accelerators.