NOTE 9 - SEGMENT AND RELATED INFORMATION

9 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

NOTE 9 - SEGMENT AND RELATED INFORMATION

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2020 and 2019

(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 Mar. 31, 2020
Net revenues from external customers	$	2,062		$	19,624	$	21,686
Inter-segment net revenues	$	218		$	—	$	218
(Loss) Income from operations	$	(1,802	)	$	4,417	$	2,615
Depreciation and amortization	$	91		$	907	$	998
Capital expenditures	$	621		$	1,341	$	1,962
For the three months ended Mar. 31, 2019
Net revenues from external customers	$	2,788		$	19,991	$	22,779
Inter-segment net revenues	$	228		$	—	$	228
(Loss) Income from operations	$	(27	)	$	6,635	$	6,608
Depreciation and amortization	$	92		$	886	$	978
Capital expenditures	$	661		$	213	$	874

	Medical Equipment			Management of Diagnostic Imaging Centers		Totals
For the nine months ended Mar. 31, 2020
Net revenues from external customers	$	6,415		$	58,469	$	64,884
Inter-segment net revenues	$	656		$	—	$	656
(Loss) Income from operations	$	(3,328	)	$	16,450	$	13,122
Depreciation and amortization	$	276		$	2,725	$	3,001
Capital expenditures	$	2,375		$	4,305	$	6,680
For the nine months ended Mar. 31, 2019
Net revenues from external customers	$	7,440		$	57,269	$	64,709
Inter-segment net revenues	$	683		$	—	$	683
(Loss) Income from operations	$	(665	)	$	18,791	$	18,126
Depreciation and amortization	$	276		$	2,576	$	2,852
Capital expenditures	$	706		$	2,451	$	3,157