NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2018

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	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

The Company’s patient fee revenues, net of contractual allowances and discounts less the provision for bad debts for the years ended June 30, 2018, 2017 and 2016 are summarized in the following table.

	For the Year Ended June 30,
	2018			2017			2016
Commercial Insurance/ Managed Care	$	4,729,514		$	4,904,892		$	4,659,322
Medicare/Medicaid		1,233,078			1,274,436			1,182,552
Workers' Compensation/Personal Injury		25,358,543			23,240,829			20,888,856
Other		7,844,278			6,980,443			6,255,079
Patient Fee Revenue, net of contractual allowances and discounts		39,165,413			36,400,600			32,985,809
Provision for Bad Debts		(17,896,528	)		(16,171,434	)		(14,539,786	)
Net Patient Fee Revenue	$	21,268,885		$	20,229,166		$	18,446,023

Earnings Per Share

Earnings Per Share

	June 30, 2018
Basic	Total		Common Stock		Class C Common Stock
Numerator:
Net income available to common stockholders	$	21,230,802	$	19,899,823	$	338,974
Denominator:
Weighted average shares outstanding		6,287,510		6,287,510		382,513
Basic income per common share	$	3.38	$	3.16	$	0.89
Diluted
Denominator:
Weighted average shares outstanding				6,287,510		382,513
Class C Common Stock				127,504		—
Total Denominator for diluted earnings per share				6,415,014		382,513
Diluted income per common share			$	3.10	$	0.89

	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