NOTE 6 - PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

NOTE 6 - PROPERTY AND EQUIPMENT

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2016, 2015 and 2014

NOTE 6 - PROPERTY AND EQUIPMENT

Property and equipment, at cost, less accumulated depreciation and amortization, at June 30, 2016 and 2015, is comprised of:

	As of June 30,
	2016		2015
Diagnostic equipment under capital leases	$	620,307	$	620,307
Diagnostic equipment		19,213,472		17,396,797
Research, development and demonstration equipment		3,904,846		3,580,224
Machinery and equipment		2,069,055		2,069,055
Furniture and fixtures		2,949,824		2,550,627
Leasehold improvements		5,616,143		4,502,915
Building		939,614		939,614
		35,313,261		31,659,539
Less: Accumulated depreciation and amortization		20,800,555		18,758,344
	$	14,512,706	$	12,901,195

Depreciation and amortization of property and equipment for the years ended June 30, 2016, 2015 and 2014 was $2,042,211, $2,259,842 and $2,458,113, respectively.

Depreciation and amortization of diagnostic equipment under capital leases for the years ended June 30, 2016, 2015 and 2014 was $0, $0 and $95,026, respectively. Accumulated depreciation and amortization of diagnostic equipment under capital leases was $620,307, $620,307 and $620,307 for the years ended June 30, 2016, 2015 and 2014, respectively.

During the year ended June 30, 2015, the Company has retired assets that were fully depreciated with a cost and accumulated depreciation basis of $1,151,541.