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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Revenues    
Patient fee revenue, net of contractual allowances and discounts $ 23,307,389 $ 22,495,260
Product sales – net 1,288,483 297,613
Service and repair fees – net 7,638,608 8,055,490
Service and repair fees – related parties – net 110,000 110,000
Management and other fees – net 46,609,449 44,565,405
Management and other fees – related party medical practices – net 10,975,836 10,166,694
Total Revenues – Net 89,929,765 85,690,462
Costs and Expenses    
Costs related to product sales 1,032,676 745,375
Costs related to service and repair fees 2,740,625 2,731,397
Costs related to service and repair fees – related parties 39,466 37,298
Costs related to patient fee revenue 10,917,635 10,880,265
Costs related to management and other fees 25,384,557 22,951,301
Costs related to management and other fees – related party medical practices 6,341,168 5,951,189
Research and development 1,635,979 2,025,376
Selling, general and administrative, inclusive of compensatory element of stock issuances of $83,277 and $0 for the years ended June 30, 2021 and 2020 respectively 24,740,044 26,717,345
Total Costs and Expenses 72,832,150 72,039,546
Income from Operations 17,097,615 13,650,916
Other Income and (Expenses):    
Interest expense (248,665) (74,321)
Investment income 311,931 502,145
Other income 504,450 70,771
Income before provision for income taxes and noncontrolling interests 17,665,331 14,149,511
Provision for Income Taxes (3,991,520) (2,444,778)
Net Income 13,673,811 11,704,733
Net Income – Noncontrolling Interests (3,466,223) (3,464,528)
Net Income - Attributable to FONAR $ 10,207,588 $ 8,240,205
Weighted Average Basic Shares Outstanding 6,505,283 6,443,713
Common Stock [Member]    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 9,592,134 $ 7,735,650
Basic Net Income Per Share $ 1.47 $ 1.20
Diluted Net Income Per Share $ 1.45 $ 1.18
Weighted Average Basic Shares Outstanding 6,505,283 6,443,713
Weighted Average Basic Shares Outstanding 6,632,787 6,571,217
Preferred Class A [Member]    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 458,710 $ 376,055
Common Class C [Member]    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 156,744 $ 128,500
Basic Net Income Per Share $ 0.41 $ 0.34
Diluted Net Income Per Share $ 0.41 $ 0.34
Weighted Average Basic Shares Outstanding 382,513 382,513
Weighted Average Basic Shares Outstanding 382,513 382,513
Weighted Average Basic and Diluted Shares Outstanding 382,513 382,513