NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Information relating to uncompleted contracts

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2015 and 2014

(Amounts and shares in thousands, except per share amounts)

(UNAUDITED)

NOTE 5 – COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information relating to uncompleted contracts is as follows:

	December 31, 2015		June 30, 2015
Costs incurred on uncompleted contracts	$	2,310	$	1,862
Estimated earnings		1,622		1,371
Subtotal		3,932		3,233
Less: Billings to date		3,908		2,693
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	24	$	540

Included in the accompanying condensed consolidated balance sheets

Included in the accompanying condensed consolidated balance sheets under the following captions:

	December 31, 2015		June 30, 2015
Costs and estimated earnings in excess of billings on uncompleted contracts	$	279	$	682
Less: Billings in excess of costs and estimated earnings on uncompleted contracts		255		142
Total Costs and estimated earnings in excess of billings on uncompleted contracts	$	24	$	540