AMERICAN SHARED HOSPITAL SERVICES 10-Q

Financial Statements (unaudited)

Item 1. Financial Statements AMERICAN SHARED HOSPITAL SERVICES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) ASSETS June 30, 2026 December 31, 2025 Current assets: Cash and cash equivalents $ 6,511,000 $ 3,462,000 Restricted cash 250,000 250,000 Accounts receivable, net of allowance for credit losses of $ 1,110,000 and $ 980,000 at June 30, 2026 and December 31, 2025, respectively 8,323,000 10,521,000 Tax receivables 580,000 978,000 Other receivables 498,000 1,021,000 VAT credits 376,000 702,000 Prepaid expenses and other current assets 830,000 786,000 Total current assets 17,368,000 17,720,000 Property and equipment, net 28,595,000 31,122,000 Land 1,305,000 1,305,000 Goodwill 1,265,000 1,265,000 Intangible asset 78,000 78,000 Right of use assets, net 3,571,000 3,648,000 Other assets 311,000 341,000 Total assets $ 52,493,000 $ 55,479,000 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 582,000 $ 607,000 Employee compensation and benefits 1,060,000 1,504,000 Other accrued liabilities 2,198,000 1,752,000 Related party liabilities 1,606,000 937,000 Asset retirement obligations, related party (includes $ 125,000 and $ 250,000 non-related party at June 30, 2026 and December 31, 2025, respectively) 600,000 1,200,000 Current portion of lease liabilities 162,000 150,000 Current portion of long-term debt, net 16,216,000 17,294,000 Total current liabilities 22,424,000 23,444,000 Long-term lease liabilities, less current portion 4,145,000 4,229,000 Deferred income taxes 115,000 115,000 Total liabilities 26,684,000 27,788,000 Commitments (see Note 8) Shareholders' equity: Common stock, no par value ( 10,000,000 authorized shares; Issued and outstanding shares - 6,625,000 at June 30, 2026 and 6,575,000 at December 31, 2025) 10,763,000 10,763,000 Additional paid-in capital 9,212,000 9,009,000 Retained earnings 3,136,000 4,262,000 Total equity-American Shared Hospital Services 23,111,000 24,034,000 Non-controlling interests in subsidiaries 2,698,000 3,657,000 Total shareholders' equity 25,809,000 27,691,000 Total liabilities and shareholders' equity $ 52,493,000 $ 55,479,000 See accompanying notes 1 AMERICAN SHARED HOSPITAL SERVICES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenues: Rental revenue from medical equipment leasing $ 3,545,000 $ 3,571,00