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SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 31, 2012
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | Note 15 – Subsequent Events The Company has evaluated subsequent events through the date the financial statements were available to be issued. The recently enacted American Taxpayer Relief Act of 2012 included a provision that reduces Medicare’s reimbursement for Gamma Knife services by approximately $4,600 per treatment, effective April 1, 2013. If upheld, these cuts would directly reduce revenue at AMS’ five U.S. “retail” Gamma Knife sites, where we receive a percentage of the hospital’s Medicare reimbursement. At this time, we do not know what, if any, impact this proposed change in reimbursement might have on our remaining 12 U.S. centers, where AMS’ revenue per procedure is contractually fixed with the hospital. The Company is unable to predict with any degree of certainty the effect that this proposal, if implemented, will have on its financial results. If the Company’s business mix in the last 9 months of 2013 is identical to that in 2012, revenues would be reduced by approximately $500,000 to $650,000 and pretax income by approximately $300,000 to $400,000 during the period. Actual results could vary materially, however, based on many factors, including payer mix volumes, the impact, if any, from our other contracts, and mitigation efforts. The Company has been vigorously researching and pursuing possible actions to have this provision rescinded or modified prior to the provision’s April 1, 2013 implementation date.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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