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NOTE 12 - SUBSEQUENT EVENTS
9 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
NOTE 12 - SUBSEQUENT EVENTS

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2016 and 2015

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

(UNAUDITED)

 

 

NOTE 12- SUBSEQUENT EVENTS

 

On May 2, 2016, the Company repaid the balance of the Class A Stockholders capital contribution in the amount of $1,125. As a result, the Company’s subsidiary, HMCA, owns a 100% interest in Imperial Management Services.