{"url_path":"/sec/ams/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 **    **Defaults Upon Senior Securities.**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/744825/0001437749-26-017046-index.html","accession_number":"0001437749-26-017046","cik":"0000744825","ticker":"AMS","issuer_name":"AMERICAN SHARED HOSPITAL SERVICES","edgar_url":"https://www.sec.gov/Archives/edgar/data/744825/0001437749-26-017046-index.html","primary_entity_key":"0000744825","primary_entity_name":"AMERICAN SHARED HOSPITAL SERVICES"},"word_count":116,"has_tables":true,"body_markdown":"**Item 3.**    **Defaults Upon Senior Securities.**\n\n \n\nAs described in Item 2 of Part I of this Quarterly Report under the subheading “Long-Term Debt”, ASHS and certain of its subsidiaries are not in compliance with certain covenants under the Credit Agreements as of March 31, 2026. Additionally, the Loan Parties did not satisfy all outstanding obligations under the Credit Agreement with Fifth Third when it matured on April 9, 2026. To date, neither Fifth Third nor DFC have accelerated the obligations under the Credit Agreements. ASHS is currently in discussions with Fifth Third regarding an amendment to extend the maturity date of the Credit Agreement. However, there can be no assurances regarding the outcome of such discussions."}