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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 7,443 $ 5,238 $ 14,294 $ 10,330
Product sales – net 198 3 346 31
Service and repair fees – net 1,907 1,862 3,844 3,788
Service and repair fees - related parties – net 28 28 55 55
Management and other fees – net 12,108 11,340 24,081 22,554
Management and other fees - related medical practices – net 2,795 2,693 5,589 5,386
Total Revenues – Net 24,479 21,164 48,209 42,144
COSTS AND EXPENSES        
Costs related to patient fee revenue 3,323 2,649 6,479 5,169
Costs related to product sales 190 192 299 325
Costs related to service and repair fees 719 608 1,443 1,234
Costs related to service and repair fees - related parties 10 9 21 18
Costs related to management and other fees 6,924 6,237 13,801 11,788
Costs related to management and other fees – related medical practices 1,690 1,522 3,326 2,950
Research and development 370 424 755 824
Selling, general and administrative 4,770 4,541 9,860 10,704
Total Costs and Expenses 17,996 16,182 35,984 33,012
Income From Operations 6,483 4,982 12,225 9,132
Other Income/(Expense) 47 858 (140)
Interest Expense (23) (16) (40) (38)
Investment Income 60 75 122 187
Income Before Provision for Income Taxes and Noncontrolling Interests 6,567 5,041 13,165 9,141
Provision for Income Taxes (1,430) (1,113) (2,846) (1,962)
Net Income 5,137 3,928 10,319 7,179
Net Income - Noncontrolling Interests (1,117) (817) (2,412) (1,560)
Net Income - Attributable to FONAR $ 4,020 $ 3,111 $ 7,907 $ 5,619
Basic Net Income Per Common Share Available to Common Stockholders $ 0.58 $ 0.45 $ 1.13 $ 0.82
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.57 $ 0.44 $ 1.11 $ 0.80
Weighted Average Number of Shares Outstanding, Basic 6,554 6,465 6,554 6,456
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,682 6,593 6,682 6,584
Common Stock [Member]        
COSTS AND EXPENSES        
Net Income - Attributable to FONAR $ 3,777 $ 2,923 $ 7,430 $ 5,281
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.57 $ 0.44 $ 1.11 $ 0.80
Weighted Average Number of Shares Outstanding, Basic 6,554 6,465 6,554 6,456
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,682 6,593 6,682 6,584
Preferred Class A [Member]        
COSTS AND EXPENSES        
Net Income - Attributable to FONAR $ 181 $ 140 $ 355 $ 252
Common Class C [Member]        
COSTS AND EXPENSES        
Net Income - Attributable to FONAR $ 62 $ 48 $ 122 $ 86
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.16 $ 0.12 $ 0.32 $ 0.23
Basic and Diluted Income Per Share $ 0.16 $ 0.12 $ 0.32 $ 0.23
Weighted Average Number of Shares Outstanding, Basic 383 383 383 383
Weighted Average Diluted Shares Outstanding - Common Stockholders 383 383 383 383
Weighted Average Basic and Diluted Shares Outstanding Class C Common 383 383 383 383