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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 11,025,000 $ 13,690,000
Restricted cash 250,000 118,000
Accounts receivable, net of allowance for credit losses of $265,000 and $100,000 at December 31, 2024 and December 31, 2023, respectively 11,610,000 4,343,000
Tax receivables 550,000 0
Other receivables 503,000 504,000
Prepaid maintenance 1,392,000 1,275,000
Prepaid expenses and other current assets 928,000 526,000
Total current assets 26,258,000 20,456,000
PROPERTY AND EQUIPMENT, net 31,125,000 25,844,000
LAND 19,000 19,000
GOODWILL 1,265,000 1,265,000
INTANGIBLE ASSETS 78,000 78,000
RIGHT OF USE ASSETS, net 1,015,000 57,000
OTHER ASSETS 437,000 443,000
TOTAL ASSETS 60,197,000 48,162,000
CURRENT LIABILITIES    
Accounts payable 1,562,000 315,000
Employee compensation and benefits 1,368,000 757,000
Other accrued liabilities 1,888,000 1,226,000
Asset retirement obligations, related party (includes $250,000 and $250,000 non-related party at December 31, 2024 and 2023, respectively) 1,200,000 650,000
Income taxes payable 0 1,229,000
Current portion of lease liabilities 226,000 57,000
Line of credit 0 2,500,000
Current portion of long-term debt, net 2,841,000 2,084,000
Total current liabilities 10,405,000 10,779,000
LONG-TERM LEASE LIABILITIES, less current portion 1,500,000 0
LONG-TERM DEBT, net, less current portion 17,341,000 11,041,000
DEFERRED INCOME TAXES 924,000 63,000
TOTAL LIABILITIES 30,170,000 21,883,000
COMMITMENTS AND CONTINGENCIES (See Note 10)
SHAREHOLDERS’ EQUITY    
Common stock, no par value (10,000,000 authorized shares; Issued and outstanding shares – 6,420,000 at December 31, 2024 and 6,300,000 at December 31, 2023) 10,763,000 10,763,000
Additional paid-in capital 8,605,000 8,232,000
Retained earnings 5,815,000 3,629,000
Total equity- American Shared Hospital Services 25,183,000 22,624,000
Non-controlling interests in subsidiaries 4,844,000 3,655,000
Total shareholders’ equity 30,027,000 26,279,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 60,197,000 48,162,000
Related Party [Member]    
CURRENT LIABILITIES    
Related party liabilities $ 1,320,000 $ 1,961,000