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NOTE 9 - SEGMENT AND RELATED INFORMATION
 9 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
NOTE 9 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2018 and 2017

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

(UNAUDITED)

 

NOTE 9 - SEGMENT AND RELATED INFORMATION

 

The Company operates in two industry segments - manufacturing and the servicing of medical equipment and management of diagnostic imaging centers.

 

The accounting policies of the segments are the same as those described in the summary of significant accounting policies as disclosed in the Company’s 10-K as of June 30, 2017. All inter-segment sales are market-based. The Company evaluates performance based on income or loss from operations.

 

Summarized financial information concerning the Company's reportable segments is shown in the following table:

 

  

Medical

Equipment

 

Management

Of

Diagnostic

Imaging

Centers

  Totals
For the three months ended March 31, 2018               
Net revenues from external customers  $2,411   $18,568   $20,979 
Inter-segment net revenues  $228   $—     $228 
(Loss) Income from operations  $(457)  $4,859   $4,402 
Depreciation and amortization  $93   $899   $992 
Capital expenditures  $80   $727   $807 
                
For the three months ended March 31, 2017               
Net revenues from external customers  $3,162   $16,846   $20,008 
Inter-segment net revenues  $218   $—     $218 
Income from operations  $104   $5,899   $6,003 
Depreciation and amortization  $81   $787   $868 
Capital expenditures  $26   $267   $293 
                
For the nine months ended March 31, 2018               
Net revenues from external customers  $7,520   $52,960   $60,480 
Inter-segment net revenues  $674   $—     $674 
(Loss) income from operations  $(490)  $15,488   $14,998 
Depreciation and amortization  $259   $2,690   $2,949 
Capital expenditures  $259   $2,410   $2,669 
                
For the nine months ended March 31, 2017               
Net revenues from external customers  $8,259   $48,887   $57,146 
Inter-segment net revenues  $981   $—     $981 
Income from operations  $46   $15,318   $15,364 
Depreciation and amortization  $242   $2,345   $2,587 
Capital expenditures  $122   $1,774   $1,896