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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2021
Jun. 30, 2020
Current Assets:    
Cash and cash equivalents $ 44,460,411 $ 36,802,342
Short term investments 32,177 31,884
Accounts receivable – net of allowances for doubtful accounts of $442,270 and $514,561 at June 30, 2021 and 2020, respectively 4,525,435 4,312,999
Accounts receivable – related party 11,977 5,988
Medical receivables - net 17,900,489 16,171,782
Management and other fees receivable – net of allowances for doubtful accounts of $15,786,878 and $11,063,233 at June 30, 2021 and 2020, respectively 30,947,863 27,437,768
Management and other fees receivable – related party medical practices – net of allowances for doubtful accounts of $4,184,399 and $3,322,055 at June 30, 2021 and 2020, respectively 7,814,250 6,896,482
Contract assets 152,833
Inventories 1,663,419 1,648,770
Income tax receivable 671,185
Prepaid expenses and other current assets 1,227,463 1,757,499
Total Current Assets 108,583,484 95,889,532
Accounts receivable – long term 2,879,946 2,730,071
Deferred income tax asset 15,958,961 18,809,757
Property and equipment – net 21,850,139 21,364,034
Right-of-use-asset – operating leases 30,133,285 31,392,458
Right-of-use-asset – financing lease 1,126,990 1,325,870
Goodwill 4,269,277 3,985,397
Other intangible assets – net 4,037,599 4,109,129
Other assets 666,514 653,132
Total Assets 189,506,195 180,259,380
Current Liabilities:    
Current portion of long-term debt and capital leases 173,206 108,379
Accounts payable 1,866,035 1,965,259
Other current liabilities 9,162,118 8,185,098
Operating lease liability – current portion 3,533,656 3,370,149
Financing lease liability – current portion 202,741 74,699
Unearned revenue on service contracts 4,365,825 4,105,265
Customer deposits 731,101 854,579
Contract liabilities 14,739
Total Current Liabilities 20,049,421 18,663,428
Long-Term Liabilities:    
Unearned revenue on service contracts 2,800,522 2,655,605
Deferred income tax liability 238,316 234,106
Due to related party medical practices 92,663 92,663
Operating lease liability – net of current portion 28,975,132 30,104,464
Financing lease liability – net of current portion 1,048,431 1,251,171
Long-term debt and capital leases, less current portion 760,254 865,416
Other liabilities 171,331 150,311
Total Long-Term Liabilities 34,086,649 35,353,736
Total Liabilities 54,136,070 54,017,164
Stockholders’ Equity:    
Paid-in capital in excess of par value 185,100,976 183,076,888
Accumulated deficit (46,007,663) (56,215,251)
Treasury stock, at cost – 11,643 shares of common stock at June 30, 2021 and 2020 (675,390) (675,390)
Total Fonar Corporation’s Stockholders’ Equity 138,418,649 126,186,963
Noncontrolling interests (3,048,524) 55,253
Total Stockholders’ Equity 135,370,125 126,242,216
Total Liabilities and Stockholders’ Equity 189,506,195 180,259,380
Class A Non Voting Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock Value 31 31
Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock Value
Common Stock [Member]    
Stockholders’ Equity:    
Common Stock Value 657 647
Common Class B [Member]    
Stockholders’ Equity:    
Common Stock Value
Common Class C [Member]    
Stockholders’ Equity:    
Common Stock Value $ 38 $ 38