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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Revenues    
Patient fee revenue, net of contractual allowances and discounts $ 33,815,796 $ 29,793,993
Product sales 737,727 731,607
Service and repair fees 7,452,212 7,419,104
Service and repair fees – related parties 139,167 110,000
Management and other fees 48,789,287 48,640,497
Management and other fees – related party medical practices 11,949,900 11,949,900
Total Revenues – Net 102,884,089 98,645,101
Costs and Expenses    
Costs related to product sales 1,052,159 852,025
Costs related to service and repair fees 3,577,570 3,033,967
Costs related to service and repair fees – related parties 144,413 44,983
Costs related to patient fee revenue 18,199,579 16,183,166
Costs related to management and other fees 28,626,595 26,975,563
Costs related to management and other fees – related party medical practices 6,143,728 5,807,454
Research and development 1,735,949 1,567,749
Selling, general and administrative expenses 26,868,732 29,390,932
Total Costs and Expenses 86,348,725 83,855,839
Income from Operations 16,535,364 14,789,262
Other Income and (Expenses):    
Interest expense (76,997) (50,131)
Investment income – related party 25,959 0
Investment income 2,126,439 1,222,176
Other income – related party 576,857 0
Other income (expense) 78,763 (202,720)
Income before provision for income taxes and noncontrolling interests 19,266,385 15,758,587
Provision for Income Taxes (5,168,968) (3,632,071)
Net Income 14,097,417 12,126,516
Net Income – Noncontrolling Interests (3,530,021) (2,750,740)
Net Income – Attributable to FONAR 10,567,396 9,375,776
Common Stockholders [Member]    
Other Income and (Expenses):    
Net Income Available to Common Stockholders $ 9,908,920 $ 8,801,974
Basic Net Income Per Common Share Available to Common Stockholders $ 1.56 $ 1.35
Diluted Net Income Per Common Share Available to Common Stockholders $ 1.53 $ 1.32
Weighted Average Basic Shares Outstanding - Common Stockholders 6,350,862 6,539,376
Weighted Average Diluted Shares Outstanding - Common Stockholders 6,478,366 6,666,880
Class A Non Voting Preferred Stockholders [Member]    
Other Income and (Expenses):    
Net Income Available to Common Stockholders $ 490,776 $ 427,666
Common Class C [Member]    
Other Income and (Expenses):    
Net Income Available to Common Stockholders $ 167,700 $ 146,136
Basic Net Income Per Common Share Available to Common Stockholders $ 0.44 $ 0.38
Diluted Net Income Per Common Share Available to Common Stockholders $ 0.44 $ 0.38
Weighted Average Basic Shares Outstanding - Common Stockholders 382,513 382,513
Weighted Average Diluted Shares Outstanding - Common Stockholders 382,513 382,513