NOTE 9 - BUSINESS COMBINATIONS

6 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

NOTE 9 - BUSINESS COMBINATIONS

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2016 and 2015

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

(UNAUDITED)

NOTE 9 – BUSINESS COMBINATIONS

Acquisitions

On June 30, 2016, the Company purchased 100% interest in TK2 Equipment Management, LLC and Turnkey Services of New York, LLC. The consideration and net assets acquired is as follows:

Cash Paid	$	4,224
Net assets at Fair Value		2,862
Goodwill	$	1,555

Pro forma Results

The following unaudited pro forma results of operations for the three and six months ended December 31, 2015 assumes that the above acquisitions were made at the beginning of the year prior to 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.

	Three months ended December 31, 2015
Total Revenues – Net		18,369
Net Income - Controlling Interests		3,584
Net Income Available to Common Stockholders		3,350
Net Income Available to Class A Non-Voting   Preferred Stockholders		174
Net Income Available to Class C Common Stockholders		60
Basic Net Income Per Common Share Available to Common Stockholders		0.55
Diluted Net Income Per Common Share Available to Common Stockholders		0.54
Basic and Diluted Income Per Share - Common C		0.16
Weighted Average Basic Shares Outstanding		6,051
Weighted Average Diluted Shares Outstanding		6,179
Weighted Average Basic and Diluted Shares Outstanding - Class C Common		383

	Six months ended December 31, 2015
Total Revenues – Net		35,980
Net Income - Controlling Interests		6,536
Net Income Available to Common Stockholders		6,112
Net Income Available to Class A Non-Voting   Preferred Stockholders		316
Net Income Available to Class C Common Stockholders		108
Basic Net Income Per Common Share Available to Common Stockholders		1.01
Diluted Net Income Per Common Share Available to Common Stockholders		0.99
Basic and Diluted Income Per Share - Common C		0.28
Weighted Average Basic Shares Outstanding		6,051
Weighted Average Diluted Shares Outstanding		6,179
Weighted Average Basic and Diluted Shares Outstanding - Class C Common		383