2012 Q2 Form 10-K Financial Statement

#000035501913000029 Filed on October 15, 2013

View on sec.gov

Income Statement

Concept 2012 Q2 2012 2011 Q2
Revenue $10.99M $810.0K $7.780M
YoY Change 41.26% -97.55% -9.53%
Cost Of Revenue $5.860M $5.388M $4.240M
YoY Change 38.21% -70.88% -7.83%
Gross Profit $5.140M -$4.578M $3.540M
YoY Change 45.2% -131.14% -11.5%
Gross Profit Margin 46.77% -565.18% 45.5%
Selling, General & Admin $2.880M $8.749M $2.630M
YoY Change 9.51% -6.92% -27.35%
% of Gross Profit 56.03% 74.29%
Research & Development $300.0K $1.243M $380.0K
YoY Change -21.05% -11.24% 26.67%
% of Gross Profit 5.84% 10.73%
Depreciation & Amortization $600.0K $2.230M $590.0K
YoY Change 1.69% 7.74% 63.89%
% of Gross Profit 11.67% 16.67%
Operating Expenses $3.180M $9.992M $3.000M
YoY Change 6.0% -7.48% -23.27%
Operating Profit $1.960M -$14.57M $540.0K
YoY Change 262.96% -473.58% 500.0%
Interest Expense -$80.00K $478.7K -$90.00K
YoY Change -11.11% -219.67% 28.57%
% of Operating Profit -4.08% -16.67%
Other Income/Expense, Net -$10.00K -$11.14K -$60.00K
YoY Change -83.33% -700.0%
Pretax Income $1.860M $7.016M $380.0K
YoY Change 389.47% 106.36% 1166.67%
Income Tax $120.0K $141.1K $80.00K
% Of Pretax Income 6.45% 2.01% 21.05%
Net Earnings $1.430M $5.776M $230.0K
YoY Change 521.74% 80.52% 666.67%
Net Earnings / Revenue 13.01% 713.15% 2.96%
Basic Earnings Per Share $1.00
Diluted Earnings Per Share $239.5K $983.1K $40.49K
COMMON SHARES
Basic Shares Outstanding 5.779M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2012 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.00M $12.00M $9.284M
YoY Change 29.25% 29.03% 614.15%
Cash & Equivalents $12.03M $12.00M $9.251M
Short-Term Investments $33.00K
Other Short-Term Assets $300.0K $300.0K $400.0K
YoY Change -25.0% -25.0% -42.86%
Inventory $3.300M $3.300M $2.600M
Prepaid Expenses
Receivables $10.20M $10.20M $10.20M
Other Receivables $0.00 $200.0K
Total Short-Term Assets $25.87M $25.90M $22.56M
YoY Change 14.65% 14.6% 53.48%
LONG-TERM ASSETS
Property, Plant & Equipment $3.173M $3.200M $3.769M
YoY Change -15.8% -15.79% 79.48%
Goodwill
YoY Change
Intangibles $3.835K
YoY Change
Long-Term Investments
YoY Change
Other Assets $700.0K $700.0K $600.0K
YoY Change 16.67% 16.67% 0.0%
Total Long-Term Assets $7.735M $7.700M $9.039M
YoY Change -14.43% -14.44% 31.0%
TOTAL ASSETS
Total Short-Term Assets $25.87M $25.90M $22.56M
Total Long-Term Assets $7.735M $7.700M $9.039M
Total Assets $33.60M $33.60M $31.60M
YoY Change 6.33% 6.33% 46.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.077M $2.100M $2.187M
YoY Change -5.04% -4.55% -31.66%
Accrued Expenses $7.500M $7.500M $3.900M
YoY Change 92.31% 92.31% -11.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.900M $1.900M $2.000M
YoY Change -5.0% -5.0% 185.71%
Total Short-Term Liabilities $21.08M $21.10M $23.14M
YoY Change -8.89% -8.66% -6.33%
LONG-TERM LIABILITIES
Long-Term Debt $800.0K $800.0K $1.700M
YoY Change -52.94% -52.94% 6.25%
Other Long-Term Liabilities $700.0K $700.0K $800.0K
YoY Change -12.5% -12.5% -27.27%
Total Long-Term Liabilities $1.454M $1.500M $2.578M
YoY Change -43.59% -40.0% -4.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.08M $21.10M $23.14M
Total Long-Term Liabilities $1.454M $1.500M $2.578M
Total Liabilities $22.53M $28.60M $25.71M
YoY Change -12.37% -13.33% -6.15%
SHAREHOLDERS EQUITY
Retained Earnings -$168.3M -$174.1M
YoY Change -3.32%
Common Stock $174.1M $173.5M
YoY Change 0.35%
Preferred Stock
YoY Change
Treasury Stock (at cost) $675.0K
YoY Change
Treasury Stock Shares
Shareholders Equity $11.10M $5.000M $5.882M
YoY Change
Total Liabilities & Shareholders Equity $33.64M $33.60M $31.58M
YoY Change 6.5% 6.33% 46.21%

Cashflow Statement

Concept 2012 Q2 2012 2011 Q2
OPERATING ACTIVITIES
Net Income $1.430M $5.776M $230.0K
YoY Change 521.74% 80.52% 666.67%
Depreciation, Depletion And Amortization $600.0K $2.230M $590.0K
YoY Change 1.69% 7.74% 63.89%
Cash From Operating Activities $3.080M $7.413M $1.480M
YoY Change 108.11% 135.34% 678.95%
INVESTING ACTIVITIES
Capital Expenditures -$530.0K $1.081M -$220.0K
YoY Change 140.91% -246.11% -540.0%
Acquisitions
YoY Change
Other Investing Activities -$20.00K $0.00 -$690.0K
YoY Change -97.1% -100.0%
Cash From Investing Activities -$550.0K -$1.227M -$910.0K
YoY Change -39.56% 172.75% -2375.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.510M -$3.405M 6.320M
YoY Change -123.89% -164.86% 1189.8%
NET CHANGE
Cash From Operating Activities 3.080M $7.413M 1.480M
Cash From Investing Activities -550.0K -$1.227M -910.0K
Cash From Financing Activities -1.510M -$3.405M 6.320M
Net Change In Cash 1.020M $2.781M 6.890M
YoY Change -85.2% -65.02% 856.94%
FREE CASH FLOW
Cash From Operating Activities $3.080M $7.413M $1.480M
Capital Expenditures -$530.0K $1.081M -$220.0K
Free Cash Flow $3.610M $6.332M $1.700M
YoY Change 112.35% 62.78% 1114.29%

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<p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: center"></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: center"><font style="font: 10pt Arial, Helvetica, Sans-Serif">FONAR CORPORATION AND SUBSIDIARIES</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0 0 0 13.5pt; text-align: center; text-indent: -13.5pt"><font style="font: 10pt Arial, Helvetica, Sans-Serif">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0 0 0 13.5pt; text-align: center; text-indent: -13.5pt"><font style="font: 10pt Arial, Helvetica, Sans-Serif">JUNE 30, 2013 and 2012</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">NOTE 8 - CAPITAL STOCK</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><u>Common Stock</u></font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Cash dividends payable on the common stock shall, in all cases, be on a per share basis, one hundred twenty percent (120%) of the cash dividend payable on shares of Class B common stock and three hundred sixty percent (360%) of the cash dividend payable on a share of Class C common stock.</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><u>Class B Common Stock</u></font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">Class B common stock is convertible into shares of common stock on a one-for-one basis. Class B common stock has 10 votes per share. There were 146 and 158 of such shares outstanding at June 30, 2013 and 2012, respectively.</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif"><u>Class C Common Stock</u></font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">&#160;</font></p> <p style="font: 10pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><font style="font: 10pt Arial, Helvetica, Sans-Serif">On April 3, 1995, the stockholders ratified a proposal creating a new Class C common stock and authorized the exchange offering of three shares of Class C common stock for each share of the Company's outstanding Class B common stock. The Class C common stock has 25 votes per share, as compared to 10 votes per share for the Class B common stock and one vote per share for the common stock. The Class C common stock was offered on a three-for-one basis to the holders of the Class B common stock. Although having greater voting power, each share of Class C common stock has only one-third of the rights of a share of Class B common stock to dividends and distributions. 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CY2013 us-gaap Use Of Estimates
UseOfEstimates
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CY2013 us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
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CY2013 us-gaap Revenue Recognition Deferred Revenue
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CY2013 us-gaap Concentration Risk Credit Risk
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CY2013 us-gaap Prior Period Reclassification Adjustment Description
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IncomeLossFromEquityMethodInvestments
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CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
CY2013 us-gaap Litigation Settlement Gross
LitigationSettlementGross
716250 usd
CY2012 us-gaap Litigation Settlement Gross
LitigationSettlementGross
56194 usd
CY2013 us-gaap Revenues
Revenues
1200000 usd
CY2012 us-gaap Revenues
Revenues
810000 usd
CY2013 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7535747 usd
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7206551 usd
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2421177 usd
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2230250 usd
CY2013 FNR Compensatory Element Of Stock Issuances
CompensatoryElementOfStockIssuances
415021 usd
CY2012 FNR Compensatory Element Of Stock Issuances
CompensatoryElementOfStockIssuances
180418 usd
CY2013 FNR Identifiable Assets
IdentifiableAssets
73150650 usd
CY2012 FNR Identifiable Assets
IdentifiableAssets
33615468 usd
CY2013 FNR Capital Expenditures
CapitalExpenditures
25407939 usd
CY2012 FNR Capital Expenditures
CapitalExpenditures
1227372 usd
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3939140 usd
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
6922465 usd
CY2013 us-gaap Maintenance Revenue
MaintenanceRevenue
10841935 usd
CY2012 us-gaap Maintenance Revenue
MaintenanceRevenue
11674541 usd
CY2013 FNR Service And Repair Fees Related Parties Net
ServiceAndRepairFeesRelatedPartiesNet
110000 usd
CY2012 FNR Service And Repair Fees Related Parties Net
ServiceAndRepairFeesRelatedPartiesNet
110000 usd
CY2013 us-gaap Health Care Organization Patient Service Revenue
HealthCareOrganizationPatientServiceRevenue
7481865 usd
CY2012 us-gaap Health Care Organization Patient Service Revenue
HealthCareOrganizationPatientServiceRevenue
usd
CY2013 us-gaap Management Fees Revenue
ManagementFeesRevenue
21493599 usd
CY2012 us-gaap Management Fees Revenue
ManagementFeesRevenue
14060275 usd
CY2013 FNR Management And Other Fees Related Medical Practices Net
ManagementAndOtherFeesRelatedMedicalPracticesNet
7859944 usd
CY2012 FNR Management And Other Fees Related Medical Practices Net
ManagementAndOtherFeesRelatedMedicalPracticesNet
6677138 usd
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
3656635 usd
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
5387923 usd
CY2013 us-gaap Maintenance Costs
MaintenanceCosts
3213420 usd
CY2012 us-gaap Maintenance Costs
MaintenanceCosts
3453116 usd
CY2013 FNR Costs Related To Service And Repair Fees Related Parties
CostsRelatedToServiceAndRepairFeesRelatedParties
32603 usd
CY2012 FNR Costs Related To Service And Repair Fees Related Parties
CostsRelatedToServiceAndRepairFeesRelatedParties
32536 usd
CY2013 us-gaap Service Management Costs
ServiceManagementCosts
12998243 usd
CY2012 us-gaap Service Management Costs
ServiceManagementCosts
8733823 usd
CY2013 FNR Costs Related To Management And Other Fees Related Medical Practices
CostsRelatedToManagementAndOtherFeesRelatedMedicalPractices
3515706 usd
CY2012 FNR Costs Related To Management And Other Fees Related Medical Practices
CostsRelatedToManagementAndOtherFeesRelatedMedicalPractices
3588282 usd
CY2013 us-gaap Research And Development Expense
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1438560 usd
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1242656 usd
CY2013 us-gaap Selling General And Administrative Expense
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12501621 usd
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8749090 usd
CY2013 us-gaap Provision For Doubtful Accounts
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1544521 usd
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1050442 usd
CY2013 us-gaap Costs And Expenses
CostsAndExpenses
41606067 usd
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
32237868 usd
CY2013 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
7535747 usd
CY2012 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
7206551 usd
CY2013 us-gaap Interest Expense
InterestExpense
500362 usd
CY2012 us-gaap Interest Expense
InterestExpense
478663 usd
CY2013 us-gaap Investment Income Net
InvestmentIncomeNet
217598 usd
CY2012 us-gaap Investment Income Net
InvestmentIncomeNet
243254 usd
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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7978471 usd
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7016198 usd
CY2013 us-gaap Profit Loss
ProfitLoss
10256362 usd
CY2012 us-gaap Profit Loss
ProfitLoss
6875073 usd
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1577820 usd
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1098592 usd
CY2013Q3 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
40000000 usd
CY2013 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
598000 usd
CY2012 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
371000 usd
CY2013 us-gaap Asset Impairment Charges
AssetImpairmentCharges
357500 usd
CY2013 us-gaap Health Care Organization Patient Service Revenue Provisionfor Bad Debts
HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts
2584669 usd
CY2012 us-gaap Health Care Organization Patient Service Revenue Provisionfor Bad Debts
HealthCareOrganizationPatientServiceRevenueProvisionforBadDebts
usd
CY2013 us-gaap Health Care Organization Patient Service Revenue Less Provision For Bad Debts
HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts
4897196 usd
CY2012 us-gaap Health Care Organization Patient Service Revenue Less Provision For Bad Debts
HealthCareOrganizationPatientServiceRevenueLessProvisionForBadDebts
usd
CY2012Q2 us-gaap Finite Lived Contractual Rights Gross
FiniteLivedContractualRightsGross
usd
CY2013Q2 FNR Customer Relationships Intangible Asset
CustomerRelationshipsIntangibleAsset
3800000 usd
CY2012Q2 FNR Customer Relationships Intangible Asset
CustomerRelationshipsIntangibleAsset
usd
CY2013Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-357500 usd
CY2012Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
usd
CY2013 us-gaap Revenue Recognition Allowances
RevenueRecognitionAllowances
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CY2013 FNR Export Product Sales
ExportProductSales
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CY2013 FNR Export Service Revenues
ExportServiceRevenues
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4100000 usd
CY2013Q2 FNR Amoritization Of Other Intangible Assets
AmoritizationOfOtherIntangibleAssets
-866719 usd
CY2012Q2 FNR Amoritization Of Other Intangible Assets
AmoritizationOfOtherIntangibleAssets
-553064 usd
CY2013Q2 FNR Total Facilities Owned Or Managed
TotalFacilitiesOwnedOrManaged
24 mricenter
CY2012Q2 FNR Total Facilities Owned Or Managed
TotalFacilitiesOwnedOrManaged
11 mricenter
CY2011Q2 FNR Total Facilities Owned Or Managed
TotalFacilitiesOwnedOrManaged
10 mricenter
CY2013 FNR Facilities Acquired
FacilitiesAcquired
14 mricenter
CY2012 FNR Facilities Acquired
FacilitiesAcquired
mricenter
CY2013 FNR Facilities Added By Internal Development
FacilitiesAddedByInternalDevelopment
mricenter
CY2012 FNR Facilities Added By Internal Development
FacilitiesAddedByInternalDevelopment
1 mricenter
CY2013 FNR Managed Facilities Closed
ManagedFacilitiesClosed
1 mricenter
CY2012 FNR Managed Facilities Closed
ManagedFacilitiesClosed
mricenter
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2935750 usd
CY2012Q2 us-gaap Deferred Income Taxes And Other Assets Current
DeferredIncomeTaxesAndOtherAssetsCurrent
usd
CY2013Q2 us-gaap Goodwill
Goodwill
1767098 usd
CY2012Q2 us-gaap Goodwill
Goodwill
usd
CY2013Q2 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
461858 usd
CY2012Q2 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
usd
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14114061 usd
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5004505 usd
CY2013 FNR Costs Related To Patient Fee Revenue
CostsRelatedToPatientFeeRevenue
2704758 usd
CY2012 FNR Costs Related To Patient Fee Revenue
CostsRelatedToPatientFeeRevenue
usd
CY2013 us-gaap Deferred Income Tax Expense Benefit
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-2473892 usd
CY2012 us-gaap Deferred Income Tax Expense Benefit
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usd
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-557473 usd
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
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usd
CY2013 us-gaap Gain Loss Related To Litigation Settlement
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-755500 usd
CY2012 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
usd
CY2013 FNR Loss On Management Agreement
LossOnManagementAgreement
357500 usd
CY2012 FNR Loss On Management Agreement
LossOnManagementAgreement
usd
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
120976 usd
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
80845 usd
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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7539144 usd
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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7413345 usd
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-80499 usd
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
25000 usd
CY2013 us-gaap Increase Decrease In Accounts Payable Related Parties
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1885 usd
CY2012 us-gaap Increase Decrease In Accounts Payable Related Parties
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474 usd
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
253559 usd
CY2012 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-101304 usd
CY2013 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
142217 usd
CY2012 us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-4045 usd
CY2013 us-gaap Increase Decrease In Customer Advances
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-567914 usd
CY2012 us-gaap Increase Decrease In Customer Advances
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-964510 usd
CY2013 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-414402 usd
CY2012 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
628033 usd
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-164669 usd
CY2012 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
usd
CY2013 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
700000 usd
CY2012 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
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CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1406735 usd
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1378035 usd
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1397159 usd
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1418301 usd
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1370948 usd
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4933070 usd
CY2013Q2 us-gaap Long Term Debt
LongTermDebt
634367 usd
CY2012Q2 us-gaap Long Term Debt
LongTermDebt
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CY2013Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
2885769 usd
CY2012Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
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CY2013Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
12887005 usd
CY2012Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2013 us-gaap Income Tax Expense Benefit Extraordinary Items
IncomeTaxExpenseBenefitExtraordinaryItems
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CY2012 us-gaap Income Tax Expense Benefit Extraordinary Items
IncomeTaxExpenseBenefitExtraordinaryItems
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CY2013 us-gaap Subsidiary Or Equity Method Investee Deferred Income Tax Provision On Cumulative Gain Loss Recognized Amount
SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount
2277891 usd
CY2012 us-gaap Subsidiary Or Equity Method Investee Deferred Income Tax Provision On Cumulative Gain Loss Recognized Amount
SubsidiaryOrEquityMethodInvesteeDeferredIncomeTaxProvisionOnCumulativeGainLossRecognizedAmount
-141125 usd
CY2013Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
84136 usd
CY2012Q2 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
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CY2013Q2 us-gaap Finite Lived Intangible Assets Fair Value Disclosure
FiniteLivedIntangibleAssetsFairValueDisclosure
9200000 usd
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2277891 usd
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
141125 usd
CY2013 FNR Foreign Product Sales
ForeignProductSales
0.0380 pure
CY2012 FNR Foreign Product Sales
ForeignProductSales
0.170 pure
CY2013 FNR Foreign Service And Repair Fees
ForeignServiceAndRepairFees
0.082 pure
CY2012 FNR Foreign Service And Repair Fees
ForeignServiceAndRepairFees
0.099 pure
CY2013 us-gaap Advertising Expense
AdvertisingExpense
835000 usd
CY2012 us-gaap Advertising Expense
AdvertisingExpense
715000 usd
CY2013 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
5838 usd
CY2012 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
26425 usd
CY2013Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2013Q2 us-gaap Cash
Cash
6030000 usd
CY2013 FNR Net Revenues From Related Parties As Percentage Of Consolidated Net Revenues
NetRevenuesFromRelatedPartiesAsPercentageOfConsolidatedNetRevenues
0.15 pure
CY2012 FNR Net Revenues From Related Parties As Percentage Of Consolidated Net Revenues
NetRevenuesFromRelatedPartiesAsPercentageOfConsolidatedNetRevenues
0.17 pure
CY2013 FNR Net Management Fee Receivables From Related Medical Practices Of Consolidated Accounts Receivable
NetManagementFeeReceivablesFromRelatedMedicalPracticesOfConsolidatedAccountsReceivable
9
CY2012 FNR Net Management Fee Receivables From Related Medical Practices Of Consolidated Accounts Receivable
NetManagementFeeReceivablesFromRelatedMedicalPracticesOfConsolidatedAccountsReceivable
13
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-196001 usd
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-141125 usd
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2336454 usd
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
137.438 usd
CY2013Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2321858 usd
CY2012Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
2115539 usd
CY2010Q2 FNR Stock Reserved For Stock Bonus Plan
StockReservedForStockBonusPlan
2000000 usd
CY2013Q2 FNR Common Stock Available Under Stock Bonus Plan
CommonStockAvailableUnderStockBonusPlan
1005075 shares
CY2013 FNR Shares Issued Under Stock Bonus Plan
SharesIssuedUnderStockBonusPlan
67870 shares
CY2002Q3 FNR Fonar2002 Plan Permitted Issuances Of Stock Options
Fonar2002PlanPermittedIssuancesOfStockOptions
100000 shares
CY2013 FNR Fonar2002 Plan Options Expired
Fonar2002PlanOptionsExpired
7412 shares
CY2013 FNR Fonar2002 Plan Options Outstanding
Fonar2002PlanOptionsOutstanding
6610 shares
CY2013Q2 FNR Fonar2005 Plan Shares Of Common Stock Available
Fonar2005PlanSharesOfCommonStockAvailable
80000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
34 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
-34 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
6 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-6 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
.6 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-76.2 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
40.8 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-35.6 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2 pure
CY2013 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y73D
CY2013 FNR Percentage Of Pcs Net Revenue Derived From Nofault And Personal Injury Protection Claims
PercentageOfPcsNetRevenueDerivedFromNofaultAndPersonalInjuryProtectionClaims
41 pure
CY2012 FNR Percentage Of Pcs Net Revenue Derived From Nofault And Personal Injury Protection Claims
PercentageOfPcsNetRevenueDerivedFromNofaultAndPersonalInjuryProtectionClaims
38 pure
CY2013 FNR Percentage Of Consolidated Net Revenue From Management Fees
PercentageOfConsolidatedNetRevenueFromManagementFees
15 pure
CY2012 FNR Percentage Of Consolidated Net Revenue From Management Fees
PercentageOfConsolidatedNetRevenueFromManagementFees
17 pure
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4035000 usd
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2253000 usd
CY2013 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
690000 usd
CY2012 us-gaap Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
0 usd
CY2013 us-gaap Litigation Settlement Amount
LitigationSettlementAmount
755500 usd
CY2013 FNR Settlement Of Case Jack Shapiro
SettlementOfCaseJackShapiro
323000 usd
CY2013 FNR Settlement Of Case Matt Malek Madison
SettlementOfCaseMattMalekMadison
300000 usd
CY2013 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
2648000 usd
CY2013 FNR Recorded Sales Tax Obligations Interest And Penalties
RecordedSalesTaxObligationsInterestAndPenalties
2322000 usd
CY2013 FNR Recorded Provisions For Penalties Department Of Labor And Internal Revenue Service Regulations Concerning Requirements To File Form5500 To Report Activity Of Its401 K Employee Benefit Plan.
RecordedProvisionsForPenaltiesDepartmentOfLaborAndInternalRevenueServiceRegulationsConcerningRequirementsToFileForm5500ToReportActivityOfIts401KEmployeeBenefitPlan.
250000 usd
CY2013 us-gaap Interest Paid
InterestPaid
389907 usd
CY2012 us-gaap Interest Paid
InterestPaid
168062 usd
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
277000 usd
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
116125 usd
CY2013 dei Entity Registrant Name
EntityRegistrantName
Fonar Corporation
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000355019
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q2 us-gaap Deferred Tax Assets Liabilities Net Current
DeferredTaxAssetsLiabilitiesNetCurrent
2935750 usd
CY2013Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
461858 usd
CY2013Q2 FNR Net Operating Carryforwards
NetOperatingCarryforwards
58052831 usd
CY2012Q2 FNR Net Operating Carryforwards
NetOperatingCarryforwards
61772391 usd
CY2013Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
142788000 usd
CY2013Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
4298000 usd
CY2013Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
482000 usd
CY2013Q2 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
1139000 usd
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-5206000 usd
CY2012 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-2714000 usd
CY2013 us-gaap Other Expenses
OtherExpenses
-141958 usd
CY2012 us-gaap Other Expenses
OtherExpenses
-11138 usd
CY2013 us-gaap Other Income
OtherIncome
725488 usd
CY2012 us-gaap Other Income
OtherIncome
45056 usd
CY2013Q2 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
96000 usd
CY2013Q2 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
96000 usd
CY2013Q2 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
88000 usd
CY2013Q2 FNR Notes Payable1
NotesPayable1
usd
CY2012Q2 FNR Notes Payable1
NotesPayable1
214355 usd
CY2013Q2 FNR Notes Payable2
NotesPayable2
461648 usd
CY2012Q2 FNR Notes Payable2
NotesPayable2
481615 usd
CY2013Q2 FNR Notes Payable3
NotesPayable3
271340 usd
CY2012Q2 FNR Notes Payable3
NotesPayable3
423280 usd
CY2013Q2 FNR Notes Payable4
NotesPayable4
usd
CY2012Q2 FNR Notes Payable4
NotesPayable4
42500 usd
CY2013Q2 FNR Notes Payable5
NotesPayable5
usd
CY2012Q2 FNR Notes Payable5
NotesPayable5
187707 usd
CY2013Q2 FNR Notes Payable6
NotesPayable6
127173 usd
CY2012Q2 FNR Notes Payable6
NotesPayable6
326890 usd
CY2013Q2 FNR Notes Payable7
NotesPayable7
188600 usd
CY2012Q2 FNR Notes Payable7
NotesPayable7
237800 usd
CY2013Q2 FNR Notes Payable8
NotesPayable8
usd
CY2012Q2 FNR Notes Payable8
NotesPayable8
300000 usd
CY2013Q2 FNR Notes Payable9
NotesPayable9
2400000 usd
CY2012Q2 FNR Notes Payable9
NotesPayable9
usd
CY2013Q2 FNR Notes Payable10
NotesPayable10
11000000 usd
CY2012Q2 FNR Notes Payable10
NotesPayable10
usd
CY2013Q2 FNR Notes Payable11
NotesPayable11
689646 usd
CY2012Q2 FNR Notes Payable11
NotesPayable11
usd

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
fnr-20140630_pre.xml Edgar Link unprocessable
0000355019-13-000029-index-headers.html Edgar Link pending
0000355019-13-000029-index.html Edgar Link pending
0000355019-13-000029.txt Edgar Link pending
0000355019-13-000029-xbrl.zip Edgar Link pending
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fnr-20140630.xsd Edgar Link pending
fonar_10k-final.htm Edgar Link pending
fonar_exhibit10-38.htm Edgar Link pending
fonar_exhibit10-39.htm Edgar Link pending
fonar_exhibit21-1.htm Edgar Link pending
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