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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
REVENUES        
Patient fee revenue – net of contractual allowances and discounts $ 8,614 $ 8,188 $ 25,511 $ 21,393
Product sales – net 110 25 329 225
Service and repair fees – net 1,818 1,831 5,460 5,489
Service and repair fees - related parties – net 39 28 94 83
Management and other fees – net 12,149 12,375 36,585 36,717
Management and other fees - related medical practices – net 2,988 2,975 8,962 8,962
Total Revenues – Net 25,718 25,422 76,941 72,869
COSTS AND EXPENSES        
Costs related to patient fee revenue 4,437 4,056 13,466 11,879
Costs related to product sales 153 196 558 580
Costs related to service and repair fees 900 801 2,533 2,241
Costs related to service and repair fees - related parties 82 12 106 34
Costs related to management and other fees 6,864 7,157 21,095 20,281
Costs related to management and other fees – related medical practices 1,529 1,455 4,638 4,345
Research and development 414 435 1,297 1,126
Selling, general and administrative 7,593 7,143 18,046 20,074
Total Costs and Expenses 21,972 21,255 61,739 60,560
Income From Operations 3,746 4,167 15,202 12,309
Other Income (Expense) 45 (6) 46 (203)
Other Income – related party (0)   577 0
Interest Expense (9) (15) (67) (41)
Investment Income – related party 13 0 13 0
Investment Income 536 356 1,576 770
Income Before Provision for Income Taxes and Non controlling Interests 4,331 4,502 17,347 12,835
Provision for Income Taxes (1,848) (17) (4,884) (2,889)
Net Income 2,483 4,485 12,463 9,946
Net Income – Non controlling Interests (611) (625) (2,726) (1,807)
Net Income – Attributable to FONAR $ 1,872 $ 3,860 $ 9,737 $ 8,139