XML 74 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Revenues    
Product sales - net $ 1,877,932 $ 3,939,140
Service and repair fees - net 10,082,631 10,841,935
Service and repair fees - related parties - net 110,000 110,000
Patient revenue - net of contractual allowances and discounts 24,307,192 7,481,865
Provision for bad debts for patient fee (10,333,082) (2,584,669)
Management and other fees - net 34,839,969 21,493,599
Management and other fees - related medical practices - net 7,620,835 7,859,944
Total Revenues - Net 68,505,477 49,141,814
Costs and Expenses    
Costs related to product sales 1,067,120 3,656,635
Costs related to service and repair fees 2,496,985 3,213,420
Costs related to service and repair fees -related parties 27,242 32,603
Costs related to patient fee revenue 7,670,484 2,704,758
Costs related to management and other fees 20,851,065 12,998,243
Costs related to management and other fees - related medical practices 5,134,553 3,515,706
Research and development 1,760,821 1,438,560
Selling, general and administrative, inclusive of compensatory element of stock issuances of $223,000 and $415,021 for the years ended June 30, 2014 and 2013, respectively 15,388,239 12,501,621
Provision for bad debts 1,806,299 1,544,521
Total Costs and Expenses 56,202,808 41,606,067
Income from Operations 12,302,669 7,535,747
Other Income and (Expenses):    
Interest expense (884,541) (500,362)
Investment income 238,928 217,598
Other (expense) income - net (608,599) 725,488
Income before benefit (provision) for income taxes and noncontrolling interests 11,048,457 7,978,471
Benefit for Income Taxes 2,348,312 2,277,891
Net Income 13,396,769 10,256,362
Net Income - Noncontrolling Interests (3,000,639) (1,577,820)
Net Income - Controlling Interests 10,396,130 8,678,542
Weighted Average Basic Shares Outstanding 6,009,822 5,933,318
Weighted Average Diluted Shares Outstanding 6,137,326 6,060,822
Common Stock
   
Other Income and (Expenses):    
Net Income - Controlling Interests 9,720,030 8,107,367
Basic Net Income Per Common Share Available to Common Stockholders $ 1.62 $ 1.37
Diluted Net Income Per Common Share Available to Common Stockholders $ 1.58 $ 1.34
Weighted Average Basic Shares Outstanding 6,009,822 5,933,318
Weighted Average Diluted Shares Outstanding 6,137,326 6,060,822
Class A Non Voting Preferred Stock
   
Other Income and (Expenses):    
Net Income - Controlling Interests 503,911 425,708
Class C Common
   
Other Income and (Expenses):    
Net Income - Controlling Interests $ 172,189 $ 145,467
Basic Net Income Per Common Share Available to Common Stockholders $ 0.45 $ 0.38
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.45 $ 0.38
Basic and Diluted Income Per Share - Common C $ 0.45 $ 0.38
Weighted Average Basic Shares Outstanding 382,513 382,513
Weighted Average Diluted Shares Outstanding 382,513 382,513