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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Current Assets:    
Cash and cash equivalents $ 54,193 $ 56,341
Short-term investments 136 136
Accounts receivable – net 3,873 4,035
Accounts receivable - related party 90 0
Medical receivable – net 23,069 23,992
Management and other fees receivable – net 43,569 41,954
Management and other fees receivable – related medical practices – net 9,522 9,865
Inventories 2,817 2,715
Prepaid expenses and other current assets 1,833 1,286
 Total Current Assets 139,102 140,324
Accounts receivable – long term 856 830
Deferred income tax asset 6,357 7,223
Property and equipment – net 19,541 18,709
Note receivable – related party 594 581
Right-of-use-asset – operating leases 37,803 38,428
Right-of-use-asset – financing lease 481 531
Goodwill 4,269 4,269
Other intangible assets – net 2,794 2,870
Other assets 493 481
 Total Assets 212,290 214,246
Current Liabilities:    
Current portion of long-term debt 48 47
Accounts payable 1,082 1,856
Other current liabilities 5,348 7,941
Unearned revenue on service contracts 3,758 3,870
Unearned revenue on service contracts – related party 82 0
Operating lease liabilities - current portion 3,534 3,474
Financing lease liability - current portion 227 226
Customer deposits 346 443
Total Current Liabilities 14,425 17,857
Long-Term Liabilities:    
Unearned revenue on service contracts 1,173 1,175
Deferred income tax liability 371 371
Due to related party medical practices 93 93
Operating lease liabilities – net of current portion 36,970 37,468
Financing lease liability – net of current portion 356 395
Long-term debt, less current portion 40 67
Other liabilities 35 32
Total Long-Term Liabilities 39,038 39,601
Total Liabilities 53,463 57,458
STOCKHOLDERS’ EQUITY:    
 Paid-in capital in excess of par value 180,608 180,608
 Accumulated deficit (10,489) (13,624)
Treasury stock, at cost – 69 shares of common stock at September 30, 2024 and 45 shares of common stock at June 30, 2024 (1,432) (1,017)
 Total Fonar Corporation’s Stockholders’ Equity 168,688 165,968
 Noncontrolling interests (9,861) (9,180)
 Total Stockholders’ Equity 158,827 156,788
 Total Liabilities and Stockholders’ Equity 212,290 214,246
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 Stock [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