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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
Current Assets:    
Cash and cash equivalents $ 7,750 $ 8,528
Accounts receivable - net 3,614 4,370
Accounts receivable - Related party 30  
Medical receivables -net 11,332 10,127
Management and other fees receivable -net 18,480 15,638
Management and other fees receivable - related medical practices -net 5,255 4,064
Costs and estimated earnings in excess of billings on uncompleted contracts 649  
Inventories 2,670 2,074
Prepaid expenses and other current assets 1,059 759
Total Current Assets 50,839 45,560
Deferred income tax asset 14,942 13,042
Property and equipment - net 15,292 14,513
Goodwill 3,322 3,322
Other intangible assets - net 6,920 7,719
Other assets 509 732
Total Assets 91,824 84,888
Current Liabilities:    
Current portion of long-term debt and capital leases 727 2,448
Accounts payable 1,183 1,254
Other current liabilities 7,483 10,827
Unearned revenue on service contracts 3,987 4,679
Unearned revenue on service contracts - related parties 28
Customer advances 1,018 1,199
Billings in excess of costs and estimated earnings on uncompleted contracts 25 207
Total Current Liabilities 14,451 20,614
Long-Term Liabilities:    
Deferred income tax liability 482 482
Due to related medical practices 228 245
Long-term debt and capital leases, less current portion 348 2,059
Other liabilities 890 712
Total Long-Term Liabilities 1,948 3,498
Total Liabilities 16,399 24,112
STOCKHOLDERS' EQUITY:    
Common Stock 1 1
Paid-in capital in excess of par value 176,761 173,702
Accumulated deficit (106,911) (120,624)
Notes receivable from employee stockholders (19) (24)
Treasury stock, at cost - 12 shares of common stock at March 31, 2017 and June 30, 2016 (675) (675)
Total Fonar Corporation Stockholders' Equity 69,157 52,380
Non controlling interests 6,268 8,396
Total Stockholders' Equity 75,425 60,776
Total Liabilities and Stockholders' Equity $ 91,824 $ 84,888