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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
Current Assets:    
Cash and cash equivalents $ 44,851 $ 44,460
Short term investments 32 32
Accounts receivable – net 4,106 4,526
Accounts receivable - related party 60 12
Medical receivable – net 18,775 17,901
Management and other fees receivable – net 32,136 30,948
Management and other fees receivable – related medical practices – net 8,293 7,814
Inventories 2,099 1,663
Prepaid expenses and other current assets 1,249 1,227
Total Current Assets 111,601 108,583
Accounts receivable – long term 2,316 2,880
Deferred income tax asset 13,522 15,959
Property and equipment – net 21,819 21,850
Right-of-use Asset – operating lease 34,767 30,133
Right-of-use Asset – financing lease 1,028 1,127
Goodwill 4,269 4,269
Other intangible assets – net 3,855 4,038
Other assets 553 667
Total Assets 193,730 189,506
Current Liabilities:    
Current portion of long-term debt and capital leases 39 173
Accounts payable 775 1,866
Other current liabilities 4,617 9,162
Unearned revenue on service contracts 3,971 4,366
Unearned revenue on service contracts – related party 55
Contract liabilities 15 15
Operating lease liability - current portion 3,592 3,533
Financing lease liability - current portion 206 203
Customer deposits 454 731
Total Current Liabilities 13,724 20,049
Long-Term Liabilities:    
Unearned revenue on service contracts 2,290 2,801
Deferred income tax liability 238 238
Due to related medical practices 93 93
Operating lease liability – net of current portion 33,681 28,975
Financing lease liability – net of current portion 944 1,049
Long-term debt and capital leases, less current portion 180 760
Other liabilities 138 171
Total Long-Term Liabilities 37,564 34,087
Total Liabilities 51,288 54,136
Preferred stock $.001 par value; 567 shares authorized at December 31, 2021 and June 30, 2021, issued and outstanding – none
Common Stock $.0001 par value; 8,500 shares authorized at December 31, 2021 and June 30, 2021, 6,566 issued at December 31, 2021 and June 30, 2021, 6,554 outstanding at December 31, 2021 and June 30, 2021 1 1
Paid-in capital in excess of par value 184,531 185,101
Accumulated deficit (38,101) (46,008)
Treasury stock, at cost - 12 shares of common stock at December 31, 2021 and June 30, 2021 (675) (675)
Total Fonar Corporation’s Stockholders’ Equity 145,756 138,419
Noncontrolling interests (3,314) (3,049)
Total Stockholders’ Equity 142,442 135,370
Total Liabilities and Stockholders’ Equity 193,730 189,506
Class A Non Voting Preferred Stock [Member]    
Long-Term Liabilities:    
Preferred stock $.001 par value; 567 shares authorized at December 31, 2021 and June 30, 2021, issued and outstanding – none
Common Class B [Member]    
Long-Term Liabilities:    
Common Stock $.0001 par value; 8,500 shares authorized at December 31, 2021 and June 30, 2021, 6,566 issued at December 31, 2021 and June 30, 2021, 6,554 outstanding at December 31, 2021 and June 30, 2021
Common Class C [Member]    
Long-Term Liabilities:    
Common Stock $.0001 par value; 8,500 shares authorized at December 31, 2021 and June 30, 2021, 6,566 issued at December 31, 2021 and June 30, 2021, 6,554 outstanding at December 31, 2021 and June 30, 2021