AMERICAN SHARED HOSPITAL SERVICES
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
AMS$1.22+5.2%Stored close · as of Nov 9, 2026
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Statements of operations F-
AMERICAN SHARED HOSPITAL SERVICES CONSOLIDATED STATEMENTS OF OPERATIONS
| YEARS ENDED December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues: | ||
| Rental revenue from medical equipment leasing | $17,772,000 | $16,655,000 |
| Direct patient services revenue | 3,353,000 | 3,091,000 |
| Equipment sales, net | 200,000 | — |
| 21,325,000 | 19,746,000 | |
| Costs of revenue: | ||
| Maintenance and supplies | 2,032,000 | 1,878,000 |
| Depreciation and amortization | 5,073,000 | 4,726,000 |
| Other direct operating costs | 4,025,000 | 3,666,000 |
| Other direct operating costs, related party | 851,000 | 1,094,000 |
| 11,981,000 | 11,364,000 | |
| Gross margin | 9,344,000 | 8,382,000 |
| Selling and administrative expense | 7,022,000 | 5,145,000 |
| Interest expense | 1,112,000 | 806,000 |
| Loss on write down of impaired assets and associated removal costs | 940,000 | — |
| Operating income | 270,000 | 2,431,000 |
| Interest and other income, net | 426,000 | 87,000 |
| Income before income taxes | 696,000 | 2,518,000 |
| Income tax expense | 431,000 | 963,000 |
| Net income | 265,000 | 1,555,000 |
| Less (plus): net loss (income) attributable to non-controlling interests | 345,000 | (227,000) |
| Net income attributable to American Shared Hospital Services | $610,000 | $1,328,000 |
| Net income per share attributable to American Shared Hospital Services: | ||
| Earnings per common share - basic | $0.10 | $0.21 |
| Earnings per common share - diluted | $0.10 | $0.21 |
| Weighted average common shares for basic earnings per share | 6,358,000 | 6,297,000 |
| Weighted average common shares for diluted earnings per share | 6,393,000 | 6,303,000 |
See accompanying notes
F- 3
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