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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2024
Jun. 30, 2023
Current Assets:    
Cash and cash equivalents $ 53,982 $ 51,280
Short-term investments 134 33
Accounts receivable – net 3,309 3,861
Accounts receivable - related party 30 0
Medical receivable – net 23,583 21,259
Management and other fees receivable – net 40,954 35,888
Management and other fees receivable – related medical practices – net 9,590 9,162
Inventories 2,935 2,570
Prepaid expenses and other current assets 1,310 1,608
Total Current Assets 135,827 125,661
Accounts receivable – long term 576 710
Note receivable – related party 590 0
Deferred income tax asset 7,039 10,042
Property and equipment – net 19,253 22,146
Right-of-use Asset – operating lease 37,779 33,069
Right-of-use Asset – financing lease 580 729
Goodwill 4,269 4,269
Other intangible assets – net 3,179 3,432
Other assets 539 524
Total Assets 209,631 200,582
Current Liabilities:    
Current portion of long-term debt 46 44
Accounts payable 1,676 1,579
Other current liabilities 4,897 5,444
Unearned revenue on service contracts 3,444 3,832
Unearned revenue on service contracts – related party 28 0
Operating lease liability - current portion 3,635 3,905
Financing lease liability - current portion 224 218
Customer deposits 553 602
Total Current Liabilities 14,503 15,624
Long-Term Liabilities:    
Unearned revenue on service contracts 572 760
Deferred income tax liability 395 395
Due to related medical practices 93 93
Operating lease liability – net of current portion 36,466 32,105
Financing lease liability – net of current portion 452 620
Long-term debt, less current portion 80 115
Other liabilities 40 42
Total Long-Term Liabilities 38,098 34,130
Total Liabilities 52,601 49,754
STOCKHOLDERS’ EQUITY:    
 Paid-in capital in excess of par value 180,607 182,613
Accumulated deficit (14,454) (24,191)
Treasury stock, at cost - 4 shares of common stock at March 31, 2024 and 11 shares of common stock at June 30, 2023 (395) (516)
Total Fonar Corporation’s Stockholders’ Equity 165,759 157,907
Noncontrolling interests (8,729) (7,079)
Total Stockholders’ Equity 157,030 150,828
Total Liabilities and Stockholders’ Equity 209,631 200,582
Class A Non Voting Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock value 0 0
Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY:    
Preferred stock value 0 0
Common Stocks [Member]    
STOCKHOLDERS’ EQUITY:    
Common stock value 1 1
Common Class B [Member]    
STOCKHOLDERS’ EQUITY:    
Common stock value 0 0
Common Class C [Member]    
STOCKHOLDERS’ EQUITY:    
Common stock value $ 0 $ 0