XML 27 R81.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 9 - CONTROLLING AND NONCONTROLLING INTERESTS - (Details Narrative) (USD $)
30 Months Ended 60 Months Ended 12 Months Ended
Jun. 30, 2014
Sep. 01, 2018
Installments
May 01, 2014
Jun. 30, 2013
May 01, 2013
Feb. 13, 2013
May 02, 2011
Jan. 01, 2011
May 01, 2010
Feb. 13, 2013
Class A Member
Health Diagnostics Management LLC (HDM)
Feb. 13, 2013
Class B Member
HDM Equity
Jun. 30, 2014
Private Placement
Mar. 05, 2013
Health Diagnostics Management LLC (HDM)
MRICenter
Controlling Interest acquired by Company of Health Diagnostics Management, LLC, (HDM)           50.50%              
Health Diagnostics Management (HDM) Class A Members ownership interest                   49.50%      
Health Diagnostics Management (HDM) Class B Members ownership interest                     50.50%    
Health Diagnostics Management (HDM) Class A (Outside Investors) Members contribution           $ 19,800,000              
Health Diagnostics Management (HDM) Class B (Company) Members contribution           20,200,000              
Total Capital Contribution           14,000,000              
Bank Term loan           11,000,000              
Interest Rate of Term Loan           4.75%              
Number of Consecutive Installments   60                      
Bank Revolving Credit Loan           3,000,000              
Interest Rate of Revolving Credit Loan           4.00%              
Health Diagnostics Management (HDM) purchase of Stand-Up MRI Centers from Health Diagnostics, LLC (HD)                         12
Health Diagnostics Management (HDM) purchase of Other MRI Centers from Health Diagnostics, LLC (HD)                         2
Total Cost of Health Diagnostics Management (HDM) purchase of the MRI Centers from Health Diagnostics, LLC (HD)                         35,900,000
Consideration to Outside Investors Regarding Health Diagnostics Management (HDM) purchase of the MRI Centers from Health Diagnostics, LLC (HD)                         1,500,000
Consideration For Non-Competition and Consulting Agreements Regarding Health Diagnostics Management (HDM) purchase of the MRI Centers from Health Diagnostics, LLC (HD)                         4,100,000
Cost of Majority Interest for Health Diagnostics Management LLC (HDM)                         40,000,000
Private Placement of Equity and Capital Raise (Imperial)             6,000,000            
Private Placement Description (Imperial)                       On May 2, 2011, the Company completed a private placement of equity and succeeded in raising $6,000,000. The offering consisted Of Preferred Class A membership interests in a newly formed limited liability company, Imperial Management Services, LLC (Imperial). The Class B membership interests in Imperial, all of which were retained by the Company's subsidiary, HMCA, hold a 75 percent equity interest in Imperial. The Class A membership interests are entitled to receive a dividend of 18 percent per annum of their cash capital contribution of $6,000,000. HMCA contributed all of its assets, together with its liabilities, to Imperial as HMCAs capital contribution. The Imperial operating agreement provides for the Class A members to receive priority distributions until their original capital contributions are returned. Dividends are payable quarterly beginning August 1, 2011. On May 1, 2014 and on May 1, 2013, the Company returned a portion of the Class A Members capital contribution in the amount of $1,125,100 and $1,424,900, respectively. As of June 30, 2014, the Companys subsidiary, HMCA, now owns approximately 91 percent interest in Imperial Management Services.  
HMCA ownership percentage of Imperial 91.00%                        
Redemption of Class A Members Capital Contribution (Imperial)     1,125,100   14,244,900                
Purchase of Interest from Unrelated party of Entity that provides management services to a diagnostic center in the NY Metropolitan Area, Percentage Acquired       50.00%       34.80% 15.20%        
Purchase of Interest from Unrelated party of Entity that provides management services to a diagnostic center in the NY Metropolitan Area, Note Issued for Purchase       $ 700,000       $ 400,000          
Description of Controlling interest in an entity which the Company consolidates The Company also has a 50% controlling interest in an entity which the Company consolidates, that provides management services to a diagnostic center in the New York Metropolitan area. The center began operations during January 2012. The noncontrolling interest as of June 30, 2014 and 2013 aggregated $531,474 and $559,221, respectively.