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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 7,641 $ 6,043 $ 21,935 $ 16,372
Product sales – net 135 503 481 534
Service and repair fees – net 1,876 1,914 5,720 5,702
Service and repair fees - related parties – net 28 28 83 83
Management and other fees – net 11,904 11,808 35,985 34,362
Management and other fees - related medical practices – net 2,987 2,794 8,576 8,181
Total Revenues – Net 24,571 23,090 72,780 65,234
COSTS AND EXPENSES        
Costs related to patient fee revenue 3,306 2,828 9,785 7,997
Costs related to product sales 53 152 352 477
Costs related to service and repair fees 747 627 2,190 1,861
Costs related to service and repair fees - related parties 11 9 32 27
Costs related to management and other fees 6,696 7,073 20,497 18,861
Costs related to management and other fees – related medical practices 1,698 1,746 5,024 4,696
Research and development 354 419 1,109 1,243
Selling, general and administrative 6,068 6,114 15,928 16,818
Total Costs and Expenses 18,933 18,968 54,917 51,980
Income From Operations 5,638 4,122 17,863 13,254
Other Income/(Expense) 144 858 4
Interest Expense 31 (19) (9) (57)
Investment Income 58 64 180 251
Income Before Provision for Income Taxes and Noncontrolling Interests 5,727 4,311 18,892 13,452
Provision for Income Taxes (2,465) (12) (5,311) (1,974)
Net Income 3,262 4,299 13,581 11,478
Net Income - Noncontrolling Interests (971) (431) (3,383) (1,991)
Net Income – Attributable to FONAR $ 2,291 $ 3,868 $ 10,198 $ 9,487
Basic Net Income Per Common Share Available to Common Stockholders $ 0.33 $ 0.55 $ 1.46 $ 1.37
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.32 $ 0.54 $ 1.43 $ 1.35
Weighted Average Number of Shares Outstanding, Basic 6,554 6,554 6,554 6,489
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,682 6,682 6,682 6,617
Common Stock [Member]        
COSTS AND EXPENSES        
Net Income – Attributable to FONAR $ 2,153 $ 3,634 $ 9,583 $ 8,915
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.32 $ 0.54 $ 1.43 $ 1.35
Weighted Average Number of Shares Outstanding, Basic 6,554 6,554 6,554 6,489
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,682 6,682 6,682 6,617
Preferred Class A [Member]        
COSTS AND EXPENSES        
Net Income – Attributable to FONAR $ 103 $ 174 $ 458 $ 426
Common Class C [Member]        
COSTS AND EXPENSES        
Net Income – Attributable to FONAR $ 35 $ 60 $ 157 $ 146
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.09 $ 0.16 $ 0.41 $ 0.38
Earning per share basic and diluted $ 0.09 $ 0.16 $ 0.41 $ 0.38
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 $ 383,000 $ 383,000 $ 383,000 $ 383,000