2 unchanged sentences
The Company's common shares, no par value (the “Common Shares”), are currently traded on the NYSE American.
−Removed: At December 31, 2019, the Company had 5,817,000 issued and outstanding common shares, 450,000 common shares reserved for options, 3,000 unvested restricted stock units issued, 309,000 vested restricted stock units and 129,000 restricted stock awards reserved for issuance.
−Removed: The following table sets forth the high and low closing sale prices of the Common Shares of the Company on the New York Stock Exchange for each full quarter for the last two fiscal years.
−Removed: Prices for Common Shares
−Removed: Quarter Ending High Low
−Removed: March 31, 2018 $ 2.87 $ 2.50
−Removed: June 30, 2018 $ 2.89 $ 2.30
−Removed: September 30, 2018 $ 3.50 $ 2.65
−Removed: December 31, 2018 $ 3.89 $ 2.33
−Removed: March 31, 2019 $ 2.95 $ 2.33
−Removed: June 30, 2019 $ 3.21 $ 2.58
−Removed: September 30, 2019 $ 3.09 $ 2.44
−Removed: December 31, 2019 $ 2.68 $ 2.34
+Added: At December 31, 2020, the Company had 5,791,000 issued and outstanding common shares, 417,000 common shares reserved for options, 13,000 unvested restricted stock units issued, and 210,000 vested restricted stock units.
The Company estimates that there were approximately 1,100 beneficial holders of its Common Shares at December 31, 2020.
−Removed: There were no dividends declared or paid during 2019, 2018, or 2017.
+Added: There were no dividends declared or paid during 2020 and 2019.
Stock Repurchase Program
3 unchanged sentences
As of December 31, 2020, there were approximately 72,000 shares remaining under the repurchase authorizations.
−Removed: Shareholder Rights Plan
−Removed: On March 22, 1999, the Company adopted a Shareholder Rights Plan (“Plan”).
−Removed: Under the Plan, the Company made a dividend distribution of one Right for each outstanding share of the Company’s common stock as of the close of business on April 1, 1999.
−Removed: The Rights become exercisable only if any person or group, with certain exceptions, becomes an “acquiring person” (acquires 15% or more of the Company’s outstanding common stock) or announces a tender or exchange offer to acquire 15% or more of the Company’s outstanding common stock.
−Removed: The Company’s Board of Directors adopted the Plan to protect shareholders against a coercive or inadequate takeover offer.
−Removed: The plan terminated on April 1, 2019.
Equity Compensation Plans
−Removed: During 2019, 3,000 restricted stock units, 33,000 restricted stock units for deferred compensation and 18,000 options were issued.
+Added: During 2020, 3,000 restricted stock units, 31,000 restricted stock units for deferred compensation, 100,000 shares for executive compensation, and 10,000 options were granted.
Additional information regarding our equity compensation plans is incorporated herein by reference from the 2021 Proxy Statement.
1 unchanged sentence
SELECTED FINANCIAL DATA
−Removed: Summary of Operations
−Removed: Year Ended December 31,
−Removed: (Amounts in thousands except per share data)
−Removed: 2019 2018 2017 2016 2015
−Removed: Revenue $ 20,605 $ 19,714 $ 19,556 $ 18,700 $ 16,548
−Removed: Costs of revenue 13,685 12,228 10,893 9,905 9,833
−Removed: Selling and administrative expense 4,060 3,994 4,323 3,802 3,496
−Removed: Interest expense 1,318 1,631 1,927 1,707 1,239
−Removed: Total expenses 19,063 17,853 17,143 15,414 14,568
−Removed: Income (loss) from operations 1,542 1,861 2,413 3,286 1,980
−Removed: Proceeds received from investment in equity securities 0 22 0 0 0
−Removed: (Loss) on write-down investment in equity securities 0 0 (579) 0 (2,140)
−Removed: (Loss) on early extinguishment of debt 0 0 0 (108) 0
−Removed: Interest and other income 16 198 3 15 18
−Removed: Income (loss) before income taxes 1,558 2,081 1,837 3,193 (142)
−Removed: Income tax expense (benefit) 128 451 (1,103) 943 434
−Removed: Net income (loss) 1,430 1,630 2,940 2,250 (576)
−Removed: Less net income attributable to non-controlling interest (771) (607) (1,017) (1,320) (946)
−Removed: Net income (loss) attributable to ASHS $ 659 $ 1,023 $ 1,923 $ 930 $ (1,522)
−Removed: Net income (loss) per common share attributable to ASHS:
−Removed: Basic $ 0.11 $ 0.18 $ 0.33 $ 0.17 $ (0.28)
−Removed: Diluted $ 0.11 $ 0.17 $ 0.33 $ 0.17 $ (0.28)
−Removed: See accompanying note (1)
−Removed: Balance Sheet Data
−Removed: As of December 31,
−Removed: (Amounts in thousands)
−Removed: 2019 2018 2017 2016 2015
−Removed: Cash and cash equivalents $ 1,429 $ 1,442 $ 2,152 $ 2,871 $ 2,209
−Removed: Restricted cash 350 350 350 250 50
−Removed: Working capital (deficit) 2,528 472 (114) (815) (2,691)
−Removed: Total assets 53,783 57,502 58,176 60,598 54,114
−Removed: Current portion of long-term debt and finance leases 5,235 6,526 7,273 7,078 7,005
−Removed: Long-term debt/finance leases, less current portion 10,131 13,640 15,870 19,958 16,113
−Removed: Shareholders' equity $ 31,811 $ 31,048 $ 29,885 $ 27,137 $ 25,180
−Removed: See accompanying note (1)
−Removed: (1) In 1995, the Company entered into an operating agreement granting to American Shared Radiosurgery Services (a California corporation and a wholly-owned subsidiary of the Company) an 81% ownership interest in GKF.
−Removed: During 2010 and 2011, GKF established new operating subsidiaries, GKPeru, AGKE, and JGKE, and other subsidiaries that are not yet operational.
−Removed: Accordingly, the financial data for the Company presented above include the results of GKF and its subsidiaries for the periods 2015 through 2019.
−Removed: This financial data as of December 31, 2019 and 2018 and for the years ended December 31, 2019 and 2018 should be read in conjunction with our consolidated financial statements and the notes thereto beginning on page F-1 of this report and with Item 7– “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”
+Added: As a smaller reporting company, as defined in Rule 10(f)(1) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company is not required to provide the information required by this item.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.