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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

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,
		2012				2011

Medical equipment and facilities		$	84,453,000			$	80,647,000
Office equipment			694,000				692,000
Deposits and construction in progress			6,754,000				4,764,000
Deposits towards purchase of proton beam systems			3,000,000				2,500,000

			94,901,000				88,603,000
Accumulated depreciation			(41,224,000	)			(35,336,000	)

Net property and equipment		$	53,677,000			$	53,267,000

The Company has equipment that is secured under capitalized leases, which is included in Medical equipment and facilities, with a total cost of $41,306,000 and associated accumulated depreciation of $18,173,000 as of December 31, 2012, and total cost of $41,306,000 and associated accumulated depreciation of $15,122,000 as of December 31, 2011.

As of December 31, 2012, the Company has $1,000,000 per system in deposits ($3,000,000 in total) toward the purchase of three MEVION S250 proton beam radiation therapy (“PBRT”) systems from Mevion Medical Systems, Inc., a development-stage company. The Company has a commitment for the remaining balance for each system. The delivery date for the first machine is anticipated to be in 2014. The Company has entered into a partnership agreement with a radiation oncology physician group, which has contributed $400,000 towards the deposits on the third machine. The Mevion PBRT system is not commercially proven. 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.

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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