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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 8,188 $ 7,641 $ 21,393 $ 21,935
Product sales – net 25 135 225 481
Service and repair fees – net 1,831 1,876 5,489 5,720
Service and repair fees - related parties – net 28 28 83 83
Management and other fees – net 12,375 11,904 36,717 35,985
Management and other fees - related medical practices – net 2,975 2,987 8,962 8,576
Total Revenues – Net 25,422 24,571 72,869 72,780
COSTS AND EXPENSES        
Costs related to patient fee revenue 4,056 3,306 11,879 9,785
Costs related to product sales 196 53 580 352
Costs related to service and repair fees 801 747 2,241 2,190
Costs related to service and repair fees - related parties 12 11 34 32
Costs related to management and other fees 7,157 6,696 20,281 20,497
Costs related to management and other fees – related medical practices 1,455 1,698 4,345 5,024
Research and development 435 354 1,126 1,109
Selling, general and administrative 7,143 6,068 20,074 15,928
Total Costs and Expenses 21,255 18,933 60,560 54,917
Income From Operations 4,167 5,638 12,309 17,863
Other (Expense) Income (6) (203) 858
Interest Expense (15) 31 (41) (9)
Investment Income 356 58 770 180
Income Before Provision for Income Taxes and Noncontrolling Interests 4,502 5,727 12,835 18,892
Provision for Income Taxes (17) (2,465) (2,889) (5,311)
Net Income 4,485 3,262 9,946 13,581
Net Income - Noncontrolling Interests (625) (971) (1,807) (3,383)
Net Income – Attributable to FONAR 3,860 2,291 8,139 10,198
STATEMENT OF INCOME        
Net Income Available to Common Stockholders $ 3,627 $ 2,153 $ 7,647 $ 9,583
Basic Net Income Per Common Share Available to Common Stockholders $ 0.56 $ 0.33 $ 1.18 $ 1.46
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.55 $ 0.32 $ 1.16 $ 1.43
Weighted Average Basic Shares Outstanding – Common Stockholders 6,481 6,554 6,487 6,554
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,609 6,682 6,615 6,682
Preferred Class A [Member]        
STATEMENT OF INCOME        
Net Income Available to Class A Non-Voting Preferred Stockholders $ 174 $ 103 $ 367 $ 458
Common Class C [Member]        
STATEMENT OF INCOME        
Net Income Available to Class C Common Stockholders $ 59 $ 35 $ 125 $ 157
Basic Net Income Per Common Share Available to Common Stockholders $ 0.16 $ 0.09 $ 0.33 $ 0.41
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.16 $ 0.09 $ 0.33 $ 0.41
Weighted Average Basic Shares Outstanding – Common Stockholders 383 383 383 383
Weighted Average Diluted Shares Outstanding - Common Stockholders 383 383 383 383