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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Jun. 30, 2018
Current Assets:    
Cash and cash equivalents $ 23,287 $ 19,634
Accounts receivable - net 3,806 3,814
Accounts receivable - Related party 60
Medical receivables -net 14,154 13,351
Management and other fees receivable -net 23,478 21,863
Management and other fees receivable - related medical practices -net 5,966 5,535
Inventories 1,657 1,431
Costs and estimated earnings in excess of billings on uncompleted contracts 87 87
Prepaid expenses and other current assets 1,129 1,350
Total Current Assets 73,624 67,065
Income taxes receivable 1,200 1,200
Deferred income tax asset 20,348 22,689
Property and equipment - net 17,344 16,492
Goodwill 3,985 3,985
Other intangible assets - net 5,160 5,602
Other assets 1,205 1,278
Total Assets 122,866 118,311
Current Liabilities:    
Current portion of long-term debt and capital leases 39 39
Accounts payable 1,294 1,300
Other current liabilities 5,285 8,178
Unearned revenue on service contracts 4,027 4,192
Unearned revenue on service contracts - related parties 55
Customer deposits 930 858
Total Current Liabilities 11,630 14,567
Long-Term Liabilities:    
Deferred income tax liability 239 239
Due to related medical practices 93 227
Long-term debt and capital leases, less current portion 290 306
Other liabilities 758 737
Total Long-Term Liabilities 1,380 1,509
Total Liabilities 13,010 16,076
STOCKHOLDERS' EQUITY:    
Common Stock 1 1
Paid-in capital in excess of par value 181,086 179,132
Accumulated deficit (72,902) (79,773)
Notes receivable from employee stockholders (9) (9)
Treasury stock, at cost - 12 shares of common stock at December 31, 2018 and June 30, 2018 (675) (675)
Total Fonar Corporation's Stockholders' Equity 107,501 98,676
Noncontrolling interests 2,355 3,559
Total Stockholders' Equity 109,856 102,235
Total Liabilities and Stockholders' Equity $ 122,866 $ 118,311