NOTE 6 - PROPERTY AND EQUIPMENT

12 Months Ended

Jun. 30, 2018

Property, Plant and Equipment [Abstract]

NOTE 6 - PROPERTY AND EQUIPMENT

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2018, 2017 and 2016

NOTE 6 - PROPERTY AND EQUIPMENT

Property and equipment, at cost, less accumulated depreciation and amortization, at June 30, 2018 and 2017, is comprised of:

	As of June 30,
	2018		2017
Diagnostic equipment	$	24,296,957	$	22,356,565
Research, development and demonstration equipment		2,987,531		2,749,753
Machinery and equipment		2,069,055		2,069,055
Furniture and fixtures		3,036,539		3,000,316
Leasehold improvements		7,165,035		6,601,480
Building		939,614		939,614
		40,494,731		37,716,783
Less: Accumulated depreciation and amortization		24,002,453		21,254,279
	$	16,492,278	$	16,462,504

Depreciation and amortization of property and equipment for the years ended June 30, 2018, 2017 and 2016 was $2,748,174, $2,303,554 and $2,042,211, 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.