NOTE 9 - BUSINESS COMBINATIONS

9 Months Ended

Mar. 31, 2017

Business Combinations [Abstract]

NOTE 9 - BUSINESS COMBINATIONS

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2017 and 2016

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

(UNAUDITED

NOTE 9 - BUSINESS COMBINATIONS

Acquisitions

On March 20, 2017, the Company purchased 100% interest in Radwell Leasing LLC and Radwell LLC. The consideration and net assets acquired is as follows:

Consideration
Stock Issued	$	791
Additional Cash Consideration(Less: Cash Received)		(120	)
Total Consideration	$	671

Net Assets Acquired
Diagnostic Equipment	$	545
Leasehold Improvements		126
Total Net Assets Acquired	$	671

 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 nine months ended March 31, 2016 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.. The result of operations of Radwell Leasing LLC and Radwell LLC were diminutive and did not affect the pro forma results of operations.

	Three months ended March 31, 2016
Total Revenues - Net		18,619
Net Income - Controlling Interests		3,096
Net Income Available to Common Stockholders		2,895
Net Income Available to Class A Non-Voting Preferred Stockholders		150
Net Income Available to Class C Common Stockholders		51
Basic Net Income Per Common Share Available to Common Stockholders		0.48
Diluted Net Income Per Common Share Available to Common Stockholders		0.47
Basic and Diluted Income Per Share - Common C		0.13
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

	Nine months ended March 31, 2016
Total Revenues - Net		54,599
Net Income - Controlling Interests		9,632
Net Income Available to Common Stockholders		9,006
Net Income Available to Class A Non-Voting   Preferred Stockholders		467
Net Income Available to Class C Common Stockholders		159
Basic Net Income Per Common Share Available to Common Stockholders		1.49
Diluted Net Income Per Common Share Available to Common Stockholders		1.46
Basic and Diluted Income Per Share - Common C		0.42
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