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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Current Assets:    
Cash and cash equivalents $ 51,279,707 $ 48,722,977
Short-term investments 32,799 32,326
Accounts receivable – net of allowances for doubtful accounts of $198,593 and $204,597 at June 30, 2023 and 2022, respectively 3,861,512 4,335,956
Medical receivables – net 21,259,262 20,108,989
Management and other fees receivable – net of allowances for doubtful accounts of $12,608,567 and $16,627,917 at June 30, 2023 and 2022, respectively 35,888,253 33,419,219
Management and other fees receivable – related party medical practices – net of allowances for doubtful accounts of $3,989,692 and $4,686,893 at June 30, 2023 and 2022, respectively 9,161,870 8,602,561
Inventories 2,569,666 2,359,821
Prepaid expenses and other current assets 1,607,768 1,104,325
Total Current Assets 125,660,837 118,686,174
Accounts receivable – long term 710,085 1,871,890
Deferred income tax asset 10,041,960 12,842,478
Property and equipment – net 22,146,373 22,281,791
Right-of-use-asset – operating leases 33,068,755 34,232,109
Right-of-use-asset – financing lease 729,229 928,109
Goodwill 4,269,277 4,269,277
Other intangible assets – net 3,431,865 3,703,885
Other assets 523,506 526,269
Total Assets 200,581,887 199,341,982
Current Liabilities:    
Current portion of long-term debt 43,767 40,078
Accounts payable 1,579,240 1,551,269
Other current liabilities 5,443,724 6,417,227
Operating lease liability – current portion 3,905,484 3,880,129
Financing lease liability – current portion 217,597 210,140
Unearned revenue on service contracts 3,832,184 4,288,766
Customer deposits 602,377 361,245
Total Current Liabilities 15,624,373 16,748,854
Long-Term Liabilities:    
Unearned revenue on service contracts 760,242 1,857,257
Deferred income tax liability 394,758 215,726
Due to related party medical practices 92,663 92,663
Operating lease liability – net of current portion 32,105,405 33,090,990
Financing lease liability – net of current portion 620,481 838,291
Long-term debt and capital leases, less current portion 115,075 155,379
Other liabilities 41,750 106,541
Total Long-Term Liabilities 34,130,374 36,356,847
Total Liabilities 49,754,747 53,105,701
Stockholders’ Equity:    
Paid-in capital in excess of par value 182,612,518 184,531,535
Accumulated deficit (24,190,981) (33,566,757)
Treasury stock, at cost – 11,463 and 11,643 shares of common stock at June 30, 2023 and 2022, respectively (515,820) (675,390)
Total Fonar Corporation’s Stockholders’ Equity 157,906,433 150,290,114
Noncontrolling interests (7,079,293) (4,053,833)
Total Stockholders’ Equity 150,827,140 146,236,281
Total Liabilities and Stockholders’ Equity 200,581,887 199,341,982
Class A Non Voting Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock Value 31 31
Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred Stock Value
Common Stock [Member]    
Stockholders’ Equity:    
Common Stock Value 647 657
Common Class B [Member]    
Stockholders’ Equity:    
Common Stock Value
Common Class C [Member]    
Stockholders’ Equity:    
Common Stock Value $ 38 $ 38