XML 63 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Balance Sheets - USD ($)
Jun. 30, 2019
Jun. 30, 2018
Current Assets:    
Cash and cash equivalents $ 13,882,013 $ 19,633,742
Short term investments 15,094,816
Accounts receivable - net 3,736,662 3,813,576
Medical receivables -net 15,728,935 13,350,772
Management and other fees receivable -net 25,709,489 21,863,431
Management and other fees receivable - related medical practices -net 6,500,614 5,535,096
Costs and estimated earnings in excess of billings on uncompleted contracts 525,110 86,638
Inventories 1,798,166 1,431,380
Income taxes receivable - current 600,000
Prepaid expenses and other current assets 1,512,917 1,349,907
Total Current Assets 85,088,722 67,064,542
Income taxes receivable 600,000 1,200,000
Deferred income tax asset 20,937,747 22,689,011
Property and equipment - net 16,985,617 16,492,278
Goodwill 3,985,397 3,985,397
Other intangible assets - net 4,755,675 5,601,656
Other Assets 1,207,052 1,278,061
Total Assets 133,560,210 118,310,945
Current Liabilities:    
Current portion of long-term debt and capital leases 40,530 38,332
Accounts payable 1,861,227 1,300,250
Other current liabilities 7,577,416 8,177,995
Unearned revenue on service contracts 3,812,115 4,191,930
Customer deposits 798,651 858,195
Total Current Liabilities 14,089,939 14,566,702
Long-Term Liabilities:    
Deferred Income Tax Liability 243,267 239,011
Due to related party medical practices 92,663 227,543
Long-term debt and capital leases, less current portion 273,112 306,035
Other Liabilities 749,126 737,183
Total Long-Term Liabilities 1,358,168 1,509,772
Total Liabilities 15,448,107 16,076,474
STOCKHOLDERS' EQUITY:    
Paid-in capital in excess of par value 181,086,517 179,131,780
Accumulated deficit (64,455,456) (79,772,587)
Notes receivable from employee stockholders (9,213)
Treasury stock, at cost - 11,643 shares of common stock at June 30, 2019 and 2018 (675,390) (675,390)
Total Fonar Corporation Stockholder Equity 115,956,378 98,675,289
Noncontrolling interests 2,155,725 3,559,182
Total Stockholders' Equity 118,112,103 102,234,471
Total Liabilities and Stockholders' Equity 133,560,210 118,310,945
Class A Non-Voting Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value 31 31
Preferred Stock    
STOCKHOLDERS' EQUITY:    
Preferred Stock Value
Class B Members    
STOCKHOLDERS' EQUITY:    
Common Stock Value
Common Shares    
STOCKHOLDERS' EQUITY:    
Common Stock Value 638 630
Class C Common Stock    
STOCKHOLDERS' EQUITY:    
Common Stock Value $ 38 $ 38