NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

Estimated Useful Life in Years for Property and Equipment

Property and Equipment

The estimated useful lives in years are generally as follows:

Diagnostic equipment under capital lease	2.5
Diagnostic equipment	5–13
Research, development and demonstration equipment	3-7
Machinery and equipment	2-7
Furniture and fixtures	3-9
Leasehold improvements	2–10
Building	28

Patient Fee Revenue - Net

Revenue Recognition

The Company’s patient fee revenues, net of contractual allowances and discounts less the provision for bad debts for the years ended June 30, 2017, 2016 and 2015 are summarized in the following table.

	For the Year Ended June 30,
	2017			2016			2015
Commercial Insurance/ Managed Care	$	4,904,892		$	4,659,322		$	4,398,589
Medicare/Medicaid		1,274,436			1,182,552			1,187,690
Workers' Compensation/Personal Injury		23,240,829			20,888,856			15,978,243
Other		6,980,443			6,255,079			6,589,076
Patient Fee Revenue, net of contractual allowances and discounts		36,400,600			32,985,809			28,153,598
Provision for Bad Debts		(16,171,434	)		(14,539,786	)		(12,770,249	)
Net Patient Fee Revenue	$	20,229,166		$	18,446,023		$	15,383,349

Earnings Per Share

Earnings Per Share

	June 30, 2017
Basic	Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	19,620,621	$	18,390,586	$	313,266
Denominator:
Weighted average shares outstanding		6,161,599		6,161,599		382,513
Basic income per common share	$	3.18	$	2.98	$	0.82
Diluted
Denominator:
Weighted average shares outstanding				6,161,599		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,289,103		382,513
Diluted income per common share			$	2.92	$	0.82

	June 30, 2016
Basic	Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	15,724,625	$	14,702,834	$	260,230
Denominator:
Weighted average shares outstanding		6,050,893		6,050,893		382,513
Basic income per common share	$	2.60	$	2.43	$	0.68
Diluted
Denominator:
Weighted average shares outstanding				6,050,893		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,178,397		382,513
Diluted income per common share			$	2.38	$	0.68

	June 30, 2015
Basic	Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	12,910,651	$	12,071,670	$	213,672
Denominator:
Weighted average shares outstanding		6,050,632		6,050,632		382,513
Basic income per common share	$	2.13	$	2.00	$	0.56
Diluted
Denominator:
Weighted average shares outstanding				6,050,632		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,178,136		382,513
Diluted income per common share			$	1.95	$	0.56