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CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Current Assets:    
Cash and cash equivalents $ 56,341,193 $ 51,279,707
Short-term investments 136,102 32,799
Accounts receivable – net of allowances for credit losses of $166,049 and $198,593 at June 30, 2024 and 2023, respectively 4,035,336 3,861,512
Medical receivables – net 23,991,533 21,259,262
Management and other fees receivable – net of allowances for credit losses of $12,369,921 and $12,608,567 as of June 30, 2024 and 2023, respectively 41,953,657 35,888,253
Management and other fees receivable – related party medical practices – net of allowances for credit losses of $6,110,399 and $3,989,692 as of June 30, 2024 and 2023, respectively 9,865,061 9,161,870
Inventories 2,715,441 2,569,666
Prepaid expenses and other current assets 1,285,962 1,607,768
Total Current Assets 140,324,285 125,660,837
Accounts receivable – long term 829,473 710,085
Note receivable – related party 581,183 0
Deferred income tax asset 7,223,255 10,041,960
Property and equipment – net 18,708,920 22,146,373
Right-of-use-assets – operating leases 38,427,757 33,068,755
Right-of-use-asset – financing lease 530,348 729,229
Goodwill 4,269,277 4,269,277
Other intangible assets – net 2,870,324 3,431,865
Other assets 481,147 523,506
Total Assets 214,245,969 200,581,887
Current Liabilities:    
Current portion of long-term debt 47,002 43,767
Accounts payable 1,855,879 1,579,240
Other current liabilities 7,941,039 5,443,724
Operating lease liabilities – current portion 3,473,674 3,905,484
Financing lease liability – current portion 225,786 217,597
Unearned revenue on service contracts 3,870,229 3,832,184
Customer deposits 443,471 602,377
Total Current Liabilities 17,857,080 15,624,373
Long-Term Liabilities:    
Unearned revenue on service contracts 1,174,844 760,242
Deferred income tax liability 371,560 394,758
Due to related party medical practices 92,663 92,663
Operating lease liabilities – net of current portion 37,467,746 32,105,405
Financing lease liability – net of current portion 394,723 620,481
Long-term debt and capital leases, less current portion 66,938 115,075
Other liabilities 32,026 41,750
Total Long-Term Liabilities 39,600,500 34,130,374
Total Liabilities 57,457,580 49,754,747
Commitments and Contingencies  
Stockholders’ Equity:    
Paid-in capital in excess of par value 180,607,510 182,612,518
Accumulated deficit (13,623,585) (24,190,981)
Treasury stock, at cost – 45,081 and 11,463 shares of common stock at June 30, 2024 and 2023, respectively (1,016,632) (515,820)
Total Fonar Corporation’s Stockholders’ Equity 165,967,997 157,906,433
Noncontrolling interests (9,179,608) (7,079,293)
Total Stockholders’ Equity 156,788,389 150,827,140
Total Liabilities and Stockholders’ Equity 214,245,969 200,581,887
Class A Non Voting Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value 31 31
Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock value 0 0
Common Stock [Member]    
Stockholders’ Equity:    
Common stock value 635 647
Common Class B [Member]    
Stockholders’ Equity:    
Common stock value 0 0
Common Class C [Member]    
Stockholders’ Equity:    
Common stock value $ 38 $ 38