NOTE 9 - CONTROLLING AND NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Jun. 30, 2015

Noncontrolling Interest [Abstract]

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

The following table summarizes the estimated fair values of the assets and liabilities assumed at the acquisition date:

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

The intangible assets, excluding goodwill, are being amortized on a straight-line basis over their weighted average lives as follows:

	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

The following unaudited pro forma results of operations for the twelve months ended June 30, 2013 assumes that the above acquisitions were made at the beginning of the year of acquisition. The unaudited pro forma information does not purport to be indicative of the results that would have been obtained if the acquisitions had actually occurred at the beginning of the year prior to acquisition, nor of the results that may be reported in the future.

	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 A And B Members' Equity (HDM Acquisition)

On January 8, 2015, the Company purchased 20% of the Class A members ownership interest at a cost of $4,971,094. The Company has a 60.4% ownership interest in HDM after this transaction.

Amount of each class of HDM members’ equity as of June 30, 2015, 2014 and 2013

	June 30, 2015						June 30, 2014						June 30, 2013
	Class A Members			Class B Member			Class A Members			Class B Member			Class A Members			Class B Member
Opening Members’ Equity	$	17,659,698		$	21,113,266		$	19,526,475		$	20,763,830		$	—		$	—
Share of Net Income		1,988,915			5,704,999			2,266,473			4,566,186			543,225			1,397,080
Contributions		—			—			—			—			19,800,000			20,200,000
Buyout		(4,971,094	)		—			—			—			—			—
Distributions		(3,925,350	)		(4,774,644	)		(4,133,250	)		(4,216,750	)		(816,750	)		(833,250	)
Ending Members’ Equity	$	10,752,169		$	22,043,621		$	17,659,698		$	21,113,266		$	19,526,475		$	20,763,830

Class A And B Members' Equity (Imperial Management Services)

On May 2, 2011, the Company completed a private placement of equity and succeeded in raising $6,000,000. Amount of each class of Imperial Management Services, LLC members’ equity as of June 30, 2015, 2014 and 2013

	June 30, 2015					June 30, 2014					June 30, 2013
	Class A Members			Class B Member		Class A Members			Class B Member		Class A Members			Class B Member
Opening Members’ Equity	$	2,403,812		$	11,079,317	$	3,599,519		$	7,772,781	$	4,918,365		$3,824,945
Share of Net Income		405,634			3,921,129		536,913			3,306,536		959,254		3,947,836
Contributions		—			—		—			—		—		—
Distributions		(405,000	)		—		(607,520	)		—		(853,200	)	—
Redemption		(1,125,000	)		—		(1,125,100	)		—		(1,424,900	)	—
Ending Members’ Equity	$	1,279,446		$	15,000,446	$	2,403,812		$	11,079,317	$	3,599,519		$7,772,781