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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 7,129 $ 7,443 $ 13,205 $ 14,294
Product sales – net 170 198 200 346
Service and repair fees – net 1,838 1,907 3,658 3,844
Service and repair fees - related parties – net 28 28 55 55
Management and other fees – net 12,092 12,108 24,342 24,081
Management and other fees - related medical practices – net 2,999 2,795 5,987 5,589
Total Revenues – Net 24,256 24,479 47,447 48,209
COSTS AND EXPENSES        
Costs related to patient fee revenue 4,023 3,323 7,822 6,479
Costs related to product sales 214 190 383 299
Costs related to service and repair fees 722 719 1,440 1,443
Costs related to service and repair fees – related parties 11 10 22 21
Costs related to management and other fees 6,622 6,924 13,124 13,801
Costs related to management and other fees – related medical practices 1,492 1,690 2,890 3,326
Research and development 342 370 691 755
Selling, general and administrative 6,598 4,770 12,932 9,860
Total Costs and Expenses 20,024 17,996 39,304 35,984
Income From Operations 4,232 6,483 8,143 12,225
Other (Expense) Income (208) 47 (197) 858
Interest Expense (12) (23) (27) (40)
Investment Income 263 60 414 122
Income Before Provision for Income Taxes and Noncontrolling Interests 4,275 6,567 8,333 13,165
Provision for Income Taxes (1,463) (1,430) (2,871) (2,846)
Net Income 2,812 5,137 5,462 10,319
Net Income – Noncontrolling Interests (580) (1,117) (1,183) (2,412)
Net Income – Attributable to FONAR 2,232 4,020 4,279 7,907
STATEMENT OF INCOME        
Net Income Available to Common Stockholders $ 2,097 $ 3,777 $ 4,020 $ 7,430
Basic Net Income Per Common Share Available to Common Stockholders $ 0.32 $ 0.58 $ 0.62 $ 1.13
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.32 $ 0.57 $ 0.60 $ 1.11
Weighted Average Basic Shares Outstanding – Common Stockholders 6,527 6,554 6,534 6,554
Weighted Average Diluted Shares Outstanding – Common Stockholders 6,655 6,682 6,662 6,682
Preferred Class A [Member]        
STATEMENT OF INCOME        
Net Income Available to Class A Non-Voting Preferred Stockholders $ 101 $ 181 $ 193 $ 355
Common Class C [Member]        
STATEMENT OF INCOME        
Net Income Available to Class C Common Stockholders $ 34 $ 62 $ 66 $ 122
Basic Net Income Per Common Share Available to Common Stockholders $ 0.09 $ 0.16 $ 0.17 $ 0.32
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.09 $ 0.16 $ 0.17 $ 0.32
Weighted Average Basic Shares Outstanding – Common Stockholders 383 383 383 383
Weighted Average Diluted Shares Outstanding – Common Stockholders 383 383 383 383