NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS AND CUSTOMER ADVANCES

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2019, 2018 and 2017

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information relating to uncompleted contracts as of June 30, 2019 and 2018 is as follows:

	As of June 30,
	2019		2018
Costs incurred on uncompleted contracts	$	448,437	$	448,437
Estimated earnings		1,088,675		309,248
		1,537,112		757,685
Less: Billings to date		1,012,002		671,047
	$	525,110	$	86,638