NOTE 6 - PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

NOTE 6 - PROPERTY AND EQUIPMENT

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2013 and 2012

NOTE 6 - PROPERTY AND EQUIPMENT

Property and equipment, at cost, less accumulated depreciation and amortization, at June 30, 2013 and 2012, is comprised of:

	As of June 30,
	2013		2012
Diagnostic equipment under capital leases	$	620,307	$	1,417,300
Diagnostic equipment		18,567,787		4,138,898
Research, development and demonstration equipment		3,500,902		9,861,199
Machinery and equipment		4,987,159		4,985,215
Furniture and fixtures		2,952,449		2,212,149
Leasehold improvements		5,669,338		4,545,974
Building		939,614		939,614
		37,237,556		28,100,349
Less: Accumulated depreciation and amortization		19,713,062		24,926,902
	$	17,524,494	$	3,173,447

Depreciation and amortization of property and equipment for the years ended June 30, 2013 and 2012 was $1,554,458 and $1,677,186, respectively.

Depreciation and amortization of diagnostic equipment under capital leases for the years ended June 30, 2013 and 2012 was $248,123 and $646,620, respectively. Accumulated depreciation and amortization of diagnostic equipment under capital leases for the years ended June 30, 2013 and 2012 was $525,281 and $1,074,152, respectively.