2019 Q4 Form 10-Q Financial Statement

#000035501920000007 Filed on February 10, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $219.0K $227.0K
YoY Change -3.52% 0.0%
Cost Of Revenue $11.68M $11.09M
YoY Change 5.32% 4408.13%
Gross Profit $9.770M $10.14M
YoY Change -3.65% -53468.42%
Gross Profit Margin 4461.19% 4466.96%
Selling, General & Admin $4.163M $3.610M
YoY Change 15.32% 9.86%
% of Gross Profit 42.61% 35.6%
Research & Development $583.0K $550.0K
YoY Change 6.0% 35.14%
% of Gross Profit 5.97% 5.42%
Depreciation & Amortization $1.008M $952.0K
YoY Change 5.88% -4.61%
% of Gross Profit 10.32% 9.39%
Operating Expenses $4.746M $4.160M
YoY Change 14.09% 12.65%
Operating Profit $5.024M $5.980M
YoY Change -15.99% -261.1%
Interest Expense $19.00K -$25.00K
YoY Change -176.0% -47.92%
% of Operating Profit 0.38% -0.42%
Other Income/Expense, Net
YoY Change
Pretax Income $5.141M $6.077M
YoY Change -15.4% 4.51%
Income Tax $932.0K -$1.213M
% Of Pretax Income 18.13% -19.96%
Net Earnings $3.104M $3.552M
YoY Change -12.61% -15.21%
Net Earnings / Revenue 1417.35% 1564.76%
Basic Earnings Per Share $0.48 $0.56
Diluted Earnings Per Share $445.4K $516.7K
COMMON SHARES
Basic Shares Outstanding 6.447M shares 6.357M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.70M $23.30M
YoY Change 31.76% 64.08%
Cash & Equivalents $15.39M $23.29M
Short-Term Investments $15.30M
Other Short-Term Assets $2.200M $1.100M
YoY Change 100.0% -21.43%
Inventory $1.900M $1.700M
Prepaid Expenses
Receivables $54.60M $47.50M
Other Receivables $600.0K $0.00
Total Short-Term Assets $90.00M $73.62M
YoY Change 22.24% 22.21%
LONG-TERM ASSETS
Property, Plant & Equipment $20.12M $17.34M
YoY Change 16.01% 2.11%
Goodwill $3.985M $3.985M
YoY Change 0.0% 0.0%
Intangibles $4.336M $5.160M
YoY Change -15.97% -15.08%
Long-Term Investments
YoY Change
Other Assets $20.30M $21.60M
YoY Change -6.02% 20.67%
Total Long-Term Assets $81.70M $49.28M
YoY Change 65.8% 9.61%
TOTAL ASSETS
Total Short-Term Assets $90.00M $73.62M
Total Long-Term Assets $81.70M $49.28M
Total Assets $171.7M $122.9M
YoY Change 39.71% 16.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.285M $1.294M
YoY Change -0.7% -5.2%
Accrued Expenses $7.800M $4.700M
YoY Change 65.96% -24.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $14.92M $11.63M
YoY Change 28.31% -14.45%
LONG-TERM LIABILITIES
Long-Term Debt $300.0K $300.0K
YoY Change 0.0% 0.0%
Other Long-Term Liabilities $31.20M $900.0K
YoY Change 3366.67% 0.0%
Total Long-Term Liabilities $31.67M $1.380M
YoY Change 2195.07% -13.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.92M $11.63M
Total Long-Term Liabilities $31.67M $1.380M
Total Liabilities $46.59M $13.01M
YoY Change 258.14% -14.34%
SHAREHOLDERS EQUITY
Retained Earnings -$58.05M -$72.90M
YoY Change -20.37% -178.31%
Common Stock $183.1M $181.1M
YoY Change 1.1% 1.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$675.0K
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $124.3M $109.9M
YoY Change
Total Liabilities & Shareholders Equity $171.7M $122.9M
YoY Change 39.73% 16.81%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $3.104M $3.552M
YoY Change -12.61% -15.21%
Depreciation, Depletion And Amortization $1.008M $952.0K
YoY Change 5.88% -4.61%
Cash From Operating Activities $5.950M $5.870M
YoY Change 1.36% 14.2%
INVESTING ACTIVITIES
Capital Expenditures -$2.270M -$1.810M
YoY Change 25.41% 49.59%
Acquisitions
YoY Change
Other Investing Activities -$80.00K
YoY Change
Cash From Investing Activities -$2.350M -$1.810M
YoY Change 29.83% 49.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.000M -1.960M
YoY Change 2.04% 84.91%
NET CHANGE
Cash From Operating Activities 5.950M 5.870M
Cash From Investing Activities -2.350M -1.810M
Cash From Financing Activities -2.000M -1.960M
Net Change In Cash 1.600M 2.100M
YoY Change -23.81% -26.83%
FREE CASH FLOW
Cash From Operating Activities $5.950M $5.870M
Capital Expenditures -$2.270M -$1.810M
Free Cash Flow $8.220M $7.680M
YoY Change 7.03% 20.94%

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dei Entity Registrant Name
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FONAR CORP
dei Entity Central Index Key
EntityCentralIndexKey
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2019-12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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Q2
dei Amendment Flag
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dei Entity File Number
EntityFileNumber
0-10248
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Interactive Data Current
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Yes
dei Entity Current Reporting Status
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Yes
dei Entity Small Business
EntitySmallBusiness
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dei Entity Filer Category
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dei Entity Emerging Growth Company
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dei Trading Symbol
TradingSymbol
FONR
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Security12b Title
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Common Stock
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dei Entity Shell Company
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125083000 usd

Files In Submission

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