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NOTE 9 - CONTROLLING AND NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Jun. 30, 2014
Noncontrolling Interest [Abstract]  
Estimated Fair Value of Assets and Liabilities Assumed at Acquisition Date of Health Diagnostics Management (HDM)

Estimated Fair Values of the Assets and Liabilities Assumed at the Acquisition Date of Health Diagnostics Management LLC (HDM)

 

Management fee receivable  $6,667,259 
Medical receivables   7,389,953 
Prepaid expenses and other current assets   10,262 
Property and equipment   14,912,650 
Intangible assets   9,200,000 
Goodwill   1,767,098 
Other assets   332,949 
Other current liabilities   (6,323)
Long term debt   (273,848)
Net assets acquired  $40,000,000 

 

Fair Value of Intangible Assets, Acquired in Acquisition, Excluding Goodwill

Fair Value of Intangible Assets, Acquired in Acquisition, Excluding Goodwill

 

    Fair Value      
Non compete  $4,100,000    7 years 
Customer relationships   3,800,000    20 years 
Developed software   1,300,000    5 years 
Total intangible assets  $9,200,000      

 

Unaudited Pro Forma Results of Operations

Unaudited Pro Forma results of Operations

   

  

Year ended

June 30, 2013

Total Revenues - Net   69,723,542 
Net Income - Controlling Interests   17,442,337 
Net Income Available to Common Stockholders   16,294,377 
Net Income Available to Class A Non-Voting   Preferred Stockholders   855,597 
Net Income Available to Class C Common Stockholders   292,363 
Basic Net Income Per Common Share Available to Common Stockholders   2.75 
Diluted Net Income Per Common Share Available to Common Stockholders   2.69 
Basic and Diluted Income Per Share - Common C   0.76 
Weighted Average Basic Shares Outstanding   5,933,318 
Weighted Average Diluted Shares Outstanding   6,060,822 
Weighted Average Basic and Diluted Shares Outstanding - Class C Common   382,513 

 

Class Aand B Members' Equity (HDM Acquisition)

Class A and B Members’ Equity (HDM Acquisition)

 

   June 30, 2014  June 30, 2013
   Class A Members  Class B Member  Class A Members  Class B Member
Opening Members’ Equity  $19,526,475   $20,763,830   $—     $—   
Share of Net Income   2,266,473    4,566,186    543,225    1,397,080 
Contributions   —      —      19,800,000    20,200,000 
Distributions   (4,133,250)   (4,216,750)   (816,750)   (833,250)
Ending Members’ Equity  $17,659,698   $21,113,266   $19,526,475   $20,763,830 

 

Class Aand B Members' Equity (Imperial Management Services)

Class A and B Members’ Equity (Imperial Management Services, LLC)

 

   June 30, 2014  June 30, 2013
    Class A Members    Class B Member    Class A Members    Class B Member 
Opening Members’ Equity  $3,599,519   $7,772,781   $4,918,365   $3,824,945 
Share of Net Income   536,913    3,306,536    959,254    3,947,836 
Contributions   —      —      —      —   
Distributions   (607,520)   —      (853,200)   —   
Redemption   (1,125,100)   —      (1,424,900)   —   
Ending Members’ Equity  $2,403,812   $11,079,317   $3,599,519   $7,772,781