NOTE 9 - SEGMENT AND RELATED INFORMATION

6 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

NOTE 9 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 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, 2018. 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 December 31, 2018
Net revenues from external customers	$	2,444		$	18,781	$	21,225
Inter-segment net revenues	$	227		$	—	$	227
(Loss) income from operations	$	(409	)	$	6,389	$	5,980
Depreciation and amortization	$	91		$	861	$	952
Capital expenditures	$	25		$	1,789	$	1,814
For the three months ended December 31, 2017
Net revenues from external customers	$	2,656		$	17,512	$	20,168
Inter-segment net revenues	$	227		$	—	$	227
Income from operations	$	164		$	5,646	$	5,810
Depreciation and amortization	$	84		$	914	$	998
Capital expenditures	$	135		$	1,033	$	1,168
For the six months ended December 31, 2018
Net revenues from external customers	$	4,652		$	37,278	$	41,930
Inter-segment net revenues	$	455		$	—	$	455
(Loss) income from operations	$	(638	)	$	12,156	$	11,518
Depreciation and amortization	$	184		$	1,690	$	1,874
Capital expenditures	$	45		$	2,238	$	2,283
For the six months ended December 31, 2017
Net revenues from external customers	$	5,110		$	34,392	$	39,502
Inter-segment net revenues	$	446		$	—	$	446
(Loss) income from operations	$	(33	)	$	10,629	$	10,596
Depreciation and amortization	$	166		$	1,791	$	1,957
Capital expenditures	$	179		$	1,683	$	1,862