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PROPERTY AND EQUIPMENT
12 Months Ended
Dec. 31, 2013
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,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Medical equipment and facilities
 
$
86,712,000
 
$
84,453,000
 
Office equipment
 
 
749,000
 
 
694,000
 
Deposits and construction in progress
 
 
4,719,000
 
 
6,754,000
 
Deposits towards purchase of proton beam systems
 
 
3,000,000
 
 
3,000,000
 
 
 
 
 
 
 
 
 
 
 
 
95,180,000
 
 
94,901,000
 
Accumulated depreciation
 
 
(43,799,000)
 
 
(41,224,000)
 
 
 
 
 
 
 
 
 
Net property and equipment
 
$
51,381,000
 
$
53,677,000
 
 
The Company has equipment that is secured under capitalized leases, which is included in Medical equipment and facilities, with a total cost of $46,865,000 and associated accumulated depreciation of $26,817,000 as of December 31, 2013 and a total cost of $41,306,000 and associated accumulated depreciation of $18,173,000 as of December 31, 2012.
 
As of December 31, 2013, 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 first Mevion PBRT system treated a patient in December 2013. 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.