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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
REVENUES        
Patient fee revenue, net of contractual allowances and discounts $ 6,043 $ 5,713 $ 16,372 $ 17,754
Product sales - net 503 92 534 288
Service and repair fees - net 1,914 1,942 5,702 6,044
Service and repair fees - related parties - net 28 28 83 83
Management and other fees - net 11,808 11,218 34,362 33,242
Management and other fees - related medical practices - net 2,794 2,693 8,181 7,473
Total Revenues - net 23,090 21,686 65,234 64,884
COSTS AND EXPENSES        
Costs related to patient fee revenue 2,828 2,840 7,997 8,660
Costs related to product sales 152 235 477 685
Costs related to service and repair fees 627 674 1,861 2,196
Costs related to service and repair fees - related parties 9 9 27 30
Costs related to management and other fees 7,073 6,004 18,861 18,203
Costs related to management and other fees - related medical practices 1,746 1,550 4,696 4,707
Research and development 419 535 1,243 1,590
Selling, general and administrative 6,114 7,224 16,818 15,691
Total Costs and Expenses 18,968 19,071 51,980 51,762
INCOME        
Income From Operations 4,122 2,615 13,254 13,122
Other Income/(Expense) 144 4 1
Interest Expense (19) (17) (57) (57)
Investment Income 64 126 251 413
Income Before Provision for Income Taxes and Noncontrolling Interests 4,311 2,724 13,452 13,479
Provision for Income Taxes (12) (810) (1,974) (2,849)
Net Income 4,299 1,914 11,478 10,630
Net Income - Noncontrolling Interests (431) (653) (1,991) (2,966)
Net Income - Attributable to FONAR $ 3,868 $ 1,261 $ 9,487 $ 7,664
Basic Net Income Per Share $ 0.59 $ 0.2 $ 1.46 $ 1.19
Common Stock        
INCOME        
Net Income - Attributable to FONAR $ 3,634 $ 1,184 $ 8,915 $ 7,194
Basic Net Income Per Share $ 0.55 $ 0.18 $ 1.37 $ 1.12
Diluted Net Income Per Share $ 0.54 $ 0.18 $ 1.35 $ 1.1
Weighted Average Basic Shares Outstanding 6,554 6,447 6,489 6,442
Weighted Average Diluted Shares Outstanding 6,682 6,575 6,617 6,570
Class A Non-Voting Preferred Stock        
INCOME        
Net Income - Attributable to FONAR $ 174 $ 57 $ 426 $ 350
Class C Common Stock        
INCOME        
Net Income - Attributable to FONAR $ 60 $ 20 $ 146 $ 120
Basic Net Income Per Share $ 0.16 $ 0.05 $ 0.38 $ 0.31
Diluted Net Income Per Share 0.16 0.05 0.38 0.26
Basic and Diluted Income Per Share $ 0.11 $ 0.05 $ 0.34 $ 0.31
Weighted Average Basic Shares Outstanding 383 383 383 383
Weighted Average Diluted Shares Outstanding 383 383 383 383