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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenues    
Patient fee revenue, net of contractual allowances and discounts $ 29,582,238 $ 23,307,389
Product sales – net 517,939 1,288,483
Service and repair fees – net 7,590,865 7,638,608
Service and repair fees – related parties – net 110,000 110,000
Management and other fees – net 48,226,787 46,609,449
Management and other fees – related party medical practices – net 11,564,316 10,975,836
Total Revenues – Net 97,592,145 89,929,765
Costs and Expenses    
Costs related to product sales 416,814 1,032,676
Costs related to service and repair fees 2,991,069 2,740,625
Costs related to service and repair fees – related parties 43,344 39,466
Costs related to patient fee revenue 13,307,819 10,917,635
Costs related to management and other fees 27,251,268 25,384,557
Costs related to management and other fees – related party medical practices 6,567,887 6,341,168
Research and development 1,494,181 1,635,979
Selling, general and administrative, inclusive of compensatory element of stock issuances of $0 and $83,277 for the years ended June 30, 2022 and 2021 respectively 23,512,581 24,740,044
Total Costs and Expenses 75,584,963 72,832,150
Income from Operations 22,007,182 17,097,615
Other Income and (Expenses):    
Interest expense (346,552) (248,665)
Investment income 247,158 311,931
Other income 861,087 504,450
Income before provision for income taxes and noncontrolling interests 22,768,875 17,665,331
Provision for Income Taxes (5,534,487) (3,991,520)
Net Income 17,234,388 13,673,811
Net Income – Noncontrolling Interests (4,793,482) (3,466,223)
Net Income - Attributable to FONAR 12,440,906 10,207,588
Net Income Available to Common Stockholders $ 11,690,796 $ 9,592,134
Basic Net Income Per Common Share Available to Common Stockholders $ 1.78 $ 1.47
Diluted Net Income Per Common Share Available to Common Stockholders $ 1.75 $ 1.45
Weighted Average Number of Shares Outstanding, Basic 6,554,209 6,505,283
Weighted Average Number of Shares Outstanding, Diluted 6,681,713 6,632,787
Class A Non Voting Preferred [Member]    
Other Income and (Expenses):    
Net Income - Attributable to FONAR $ 559,072 $ 458,710
Common Class C [Member]    
Other Income and (Expenses):    
Net Income Available to Common Stockholders $ 191,038 $ 156,744
Basic And Diluted Income Per Share $ 0.50 $ 0.41
Weighted Average Basic and Diluted Shares Outstanding 382,513 382,513