NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Estimated Useful Life in Years for Property and Equipment

The estimated useful lives in years are generally as follows:

Diagnostic equipment under capital lease	2.5
Diagnostic equipment	5–13
Research, development and demonstration equipment	3-7
Machinery and equipment	2-7
Furniture and fixtures	3-9
Leasehold improvements	2–10
Building	28

Patient Fee Revenue - Net

The Company’s patient fee revenues, net of contractual allowances and discounts less the provision for bad debts for the years ended June 30, 2015, 2014 and 2013 are summarized in the following table.

	For the Year Ended June 30,
	2015			2014			2013
Commercial Insurance/ Managed Care	$	4,398,589		$	4,217,088		$	1,360,536
Medicare/Medicaid		1,187,690			1,443,020			541,602
Workers' Compensation/Personal Injury		15,978,243			13,369,956			3,597,416
Other		6,589,076			5,277,128			1,982,311
Patient Fee Revenue, net of contractual allowances and discounts		28,153,598			24,307,192			7,481,865
Provision for Bad Debts		(12,770,249	)		(10,333,082	)		(2,584,669	)
Net Patient Fee for Revenue	$	15,383,349		$	13,974,110		$	4,897,196

Earnings Per Share

Earnings Per Share

	June 30, 2015
Basic		Total		Common Stock		Class C Common  Stock
Numerator:
Net income available to common stockholders	$	12,910,651	$	12,071,670	$	213,672
Denominator:
Weighted average shares outstanding		6,050,632		6,050,632		382,513
Basic income per common share	$	2.13	$	2.00	$	0.56
Diluted
Denominator:
Weighted average shares outstanding				6,050,632		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,178,136		382,513
Diluted income per common share			$	1.95	$	0.56

	June 30, 2014
Basic		Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	10,396,130	$	9,720,030	$	172,189
Denominator:
Weighted average shares outstanding		6,009,822		6,009,822		382,513
Basic income per common share	$	1.73	$	1.62	$	0.45
Diluted
Denominator:
Weighted average shares outstanding				6,009,822		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,137,326		382,513
Diluted income per common share			$	1.58	$	0.45

	June 30, 2013
Basic		Total		Common Stock		Class C Common Stock
Numerator:
Net income Available to common stockholders	$	8,678,542	$	8,107,367	$	145,467
Denominator:
Weighted average shares outstanding		5,933,318		5,933,318		382,513
Basic income per common share	$	1.46	$	1.37	$	0.38
Diluted
Denominator:
Weighted average shares outstanding				5,933,318		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,060,822		382,513
Diluted income per common share			$	1.34	$	0.38