NOTE 6 - PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2017

Property, Plant and Equipment [Abstract]

NOTE 6 - PROPERTY AND EQUIPMENT

FONAR CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

FOR THE YEAR ENDED JUNE 30, 2017, 2016 AND 2015

NOTE 6 - PROPERTY AND EQUIPMENT

Property and equipment, at cost, less accumulated depreciation and amortization, at June 30, 2017 and 2016, is comprised of:

	As of June 30,
	2017		2016
Diagnostic equipment under capital leases	$	—	$	620,307
Diagnostic equipment		22,356,565		19,213,472
Research, development and demonstration equipment		2,749,753		3,904,846
Machinery and equipment		2,069,055		2,069,055
Furniture and fixtures		3,000,316		2,949,824
Leasehold improvements		6,601,480		5,616,143
Building		939,614		939,614
		37,716,783		35,313,261
Less: Accumulated depreciation and amortization		21,254,279		20,800,555
	$	16,462,504	$	14,512,706

Depreciation and amortization of property and equipment for the years ended June 30, 2017, 2016 and 2015 was $2,303,554, $2,042,211 and $2,259,842, respectively.

During the year ended June 30, 2017, the Company has retired assets that were fully depreciated with a cost and accumulated depreciation basis of $1,849,409.