XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 53,583 $ 56,341
Short-term investments 121 136
Accounts receivable – net of allowance for credit losses of $273 and $166 at December 31, 2024 and June 30, 2024, respectively 3,390 4,035
Accounts receivable _ related party 60
Medical receivable – net 23,496 23,992
Management and other fees receivable – net of allowance for credit losses of $12,663 and $12,370 at December 31, 2024 and June 30, 2024, respectively 42,485 41,954
Management and other fees receivable – related medical practices – net of allowance for credit losses of $6,989 and $6,110 at December 31, 2024 and June 30, 2024, respectively 9,677 9,865
Inventories 2,858 2,715
Prepaid expenses and other current assets 1,962 1,286
Total Current Assets 137,632 140,324
Accounts receivable – long term 724 830
Deferred income tax asset 6,113 7,223
Property and equipment – net 19,270 18,709
Note receivable – related party 607 581
Right-of-use-asset – operating leases 34,946 38,428
Right-of-use-asset – financing lease 496 531
Goodwill 4,269 4,269
Other intangible assets – net 3,407 2,870
Other assets 493 481
Total Assets 207,957 214,246
Current Liabilities:    
Current portion of long-term debt 49 47
Accounts payable 953 1,856
Other current liabilities 3,912 7,941
Unearned revenue on service contracts 3,413 3,870
Unearned revenue on service contracts – related party 55
Operating lease liabilities _ current portion 3,259 3,474
Financing lease liability _ current portion 244 226
Customer deposits 357 443
Total Current Liabilities 12,242 17,857
Long-Term Liabilities:    
Unearned revenue on service contracts 1,050 1,175
Deferred income tax liability 371 371
Due to related party medical practices 93 93
Operating lease liabilities – net of current portion 34,927 37,468
Financing lease liability – net of current portion 290 395
Long-term debt, less current portion 7 67
Other liabilities 26 32
Total Long-Term Liabilities 36,764 39,601
Total Liabilities 49,006 57,458
EQUITY:    
Paid-in capital in excess of par value 178,758 180,608
Accumulated deficit (8,525) (13,624)
Treasury stock, at cost – 4 shares of common stock at December 31, 2024 and 45 shares of common stock at June 30, 2024 (395) (1,017)
Total FONAR Corporation’s Stockholders’ Equity 169,839 165,968
Noncontrolling interests (10,888) (9,180)
Total Equity 158,951 156,788
Total Liabilities and Equity 207,957 214,246
Class A Non Voting Preferred Stock [Member]    
EQUITY:    
Preferred stock value 0 0
Preferred Stock [Member]    
EQUITY:    
Preferred stock value 0 0
Common Stock [Member]    
EQUITY:    
Common stock value 1 1
Common Class B [Member]    
EQUITY:    
Common stock value 0 0
Common Class C [Member]    
EQUITY:    
Common stock value $ 0 $ 0