American Shared Hospital Services 2026年季度报告

FORM 10-Q/AAmendment No. 1 (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______________ to _______________.Commission file number 001-08789 American Shared Hospital Services(Exact name of registrant as specified in its charter) California94-2918118(State or other jurisdiction ofincorporation or organization)(IRS EmployerIdentification No.) 601 Montgomery StreetSuite 850San Francisco,California94111-2619(Address of principal executive offices)(Zip code)(415) 788-5300(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredAmerican Shared Hospital ServicesCommon Stock, No Par ValueAMSNYSE AMERICAN Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☐Non-Accelerated Filer☒Smaller reporting company☒Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by a check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of January 8, 2025, there were outstanding 6,568,000shares of the registrant’s common stock. EXPLANATORY NOTE American Shared Hospital Services (“ASHS”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amended 10-Q”) to amendand restate its Quarterly Report on Form 10-Q for the quarter ended September30, 2025, originally filed with the Securities andExchange Commission (the “SEC”) on November 14, 2025 (the “Original 10-Q”). Purpose of Amendment and Restatement The purpose of this Amended 10-Q is to restate the unaudited condensed balance sheet of ASHS and its subsidiaries (the“Company”) and restate certain footnotes that werepart of the Company’s previously issued financial statements as ofSeptember30, 2025 (the “Previous Financial Statements”), included in the Original 10-Q, which the Audit Committee of the Boardof Directors of ASHS, after discussion with management and Baker Tilly US, LLP, the independent registered public accountingfirm of ASHS, concluded should no longer be relied upon as it relates to the classification of the Company’s indebtedness as ofSeptember 30, 2025. As discussed in Note 3 to the condensed consolidated financial statements included in this Amended 10-Q (the “Restated FinancialStatements”), the Company has incurred indebtedness under (i) that certain Credit Agreement, dated as of April9, 2021 (asamended from time to time, the “Credit Agreement”), entered into by ASHS and certain of its subsidiaries (the “Loan Parties”)with Fifth Third Bank, National Association (“Fifth Third”), and (ii) that certain Loan Agreement, dated February 21, 2020 (asamended from time to time, the “DFC Loan”; together with the Credit Agreement, the “Credit Agreements”), entered into by anASHS subsidiary, HoldCo GKC S.A. (“HoldCo”), with United States International Development Finance Corporation (“DFC”).The Company’s unaudited condensed balance sheet as of September 30, 2025, included in the Original 10-Q, classified all of theCompany’s debt under the Credit Agreements (except the current portion thereof), consisting of an aggregate of $8,631,000 as ofSeptember30, 2025, as long-term debt. As previously disclosed by the Company in a Current Report on Form 8-K filed with theSEC on December16, 2025, on December10, 2025, the Company received notice from Fifth Third asserting that an Event ofDefault (as defined in the Credit Agreement) had occurred under the Credit Agreement due to a failure to maintain unrestricteddomestic cash and Cash Equivalents (as defined in t