NOTE 9 - SEGMENT AND RELATED INFORMATION

6 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

NOTE 9 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2019 and 2018

(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, 2019. 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 Dec. 31, 2019
Net revenues from external customers	$	2,069		$	19,382	$	21,451
Inter-segment net revenues	$	219		$	—	$	219
(Loss) Income from operations	$	(790	)	$	5,811	$	5,021
Depreciation and amortization	$	94		$	914	$	1,008
Capital expenditures	$	153		$	2,116	$	2,269
For the three months ended Dec. 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

	Medical Equipment			Management of Diagnostic Imaging Centers		Totals
For the six months ended Dec. 31, 2019
Net revenues from external customers	$	4,352		$	38,845	$	43,197
Inter-segment net revenues	$	438		$	—	$	438
(Loss) Income from operations	$	(1,526	)	$	12,033	$	10,507
Depreciation and amortization	$	185		$	1,818	$	2,003
Capital expenditures	$	1,754		$	2,964	$	4,718
For the six months ended Dec. 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