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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
REVENUES    
Patient fee revenue, net of contractual allowances and discounts $ 22,495,260 $ 24,207,536
Product sales - net 297,613 1,751,221
Service and repair fees - net 8,055,490 8,152,173
Service and repair fees - related parties - net 110,000 110,000
Management and other fees - net 44,565,405 43,617,093
Management and other fees - related party medical practices - net 10,166,694 9,354,864
Total Revenues - Net 85,690,462 87,192,887
COSTS AND EXPENSES    
Costs related to product sales 745,375 778,734
Costs related to service and repair fees 2,731,397 3,009,097
Costs related to service and repair fees -related parties 37,298 40,603
Costs related to patient fee revenue 10,880,265 10,789,308
Costs related to management and other fees 22,951,301 23,419,796
Costs related to management and other fees - related medical practices 5,951,189 5,947,055
Research and development 2,025,376 1,812,347
Selling, general and administrative, inclusive of compensatory element of stock issuances of $0 and $1,990,380 for the years ended June 30, 2020 and 2019 respectively 26,717,345 19,261,755
Total Costs and Expenses 72,039,546 65,058,695
Income from Operations 13,650,916 22,134,192
Other Income and (Expenses):    
Interest expense (74,321) (98,636)
Investment income 502,145 482,573
Other income (expense)- net 70,771 1,065
Income before (provision) benefit for income taxes and noncontrolling interests 14,149,511 22,519,194
Provision for Income Taxes (2,444,778) (2,005,520)
Net Income 11,704,733 20,513,674
Net Income - Noncontrolling Interests (3,464,528) (5,196,543)
Net Income - Attributable to FONAR $ 8,240,205 $ 15,317,131
Basic Net Income Per Share $ 1.28 $ 2.41
Weighted Average Basic Shares Outstanding 6,443,713 6,354,103
Common Shares    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 7,735,650 $ 14,366,798
Basic Net Income Per Share $ 1.2 $ 2.26
Diluted Net Income Per Share $ 1.18 $ 2.22
Weighted Average Basic Shares Outstanding 6,443,713 6,354,103
Weighted Average Diluted Shares Outstanding 6,571,217 6,481,607
Class A Non Voting Preferred Stock    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 376,055 $ 708,302
Class C Common Stock    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 128,500 $ 242,031
Basic Net Income Per Share $ 0.34 $ 0.63
Diluted Net Income Per Share 0.34 0.63
Basic and Diluted Income Per Share $ 0.34 $ 0.63
Weighted Average Basic Shares Outstanding 382,513 382,513
Weighted Average Diluted Shares Outstanding 382,513 382,513
Weighted Average Basic and Diluted Shares Outstanding 382,513 382,513