2024 Q3 Form 10-Q Financial Statement

#000173112224001763 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $24.96M
YoY Change -3.4%
Cost Of Revenue $14.92M
YoY Change 7.09%
Gross Profit $10.04M
YoY Change -15.61%
Gross Profit Margin 40.24%
Selling, General & Admin $5.130M
YoY Change 5.43%
% of Gross Profit 51.08%
Research & Development $307.0K
YoY Change -34.26%
% of Gross Profit 3.06%
Depreciation & Amortization $1.063M
YoY Change -11.05%
% of Gross Profit 10.58%
Operating Expenses $5.437M
YoY Change 1.95%
Operating Profit $4.606M
YoY Change -29.86%
Interest Expense $644.0K
YoY Change 1241.67%
% of Operating Profit 13.98%
Other Income/Expense, Net -$1.000K
YoY Change
Pretax Income $5.249M
YoY Change -25.33%
Income Tax $1.249M
% Of Pretax Income 23.8%
Net Earnings $3.135M
YoY Change -23.65%
Net Earnings / Revenue 12.56%
Basic Earnings Per Share
Diluted Earnings Per Share $0.43
COMMON SHARES
Basic Shares Outstanding 6.304M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.33M
YoY Change 5.09%
Cash & Equivalents $54.19M
Short-Term Investments $136.0K
Other Short-Term Assets $1.833M
YoY Change 41.0%
Inventory $2.817M
Prepaid Expenses
Receivables $80.12M
Other Receivables $0.00
Total Short-Term Assets $139.1M
YoY Change 7.71%
LONG-TERM ASSETS
Property, Plant & Equipment $19.54M
YoY Change -7.42%
Goodwill $4.269M
YoY Change 0.0%
Intangibles $2.794M
YoY Change -16.72%
Long-Term Investments
YoY Change
Other Assets $6.850M
YoY Change -26.34%
Total Long-Term Assets $73.19M
YoY Change 1.08%
TOTAL ASSETS
Total Short-Term Assets $139.1M
Total Long-Term Assets $73.19M
Total Assets $212.3M
YoY Change 5.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.082M
YoY Change 4.04%
Accrued Expenses $6.490M
YoY Change -12.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $48.00K
YoY Change 6.67%
Total Short-Term Liabilities $14.43M
YoY Change 1.36%
LONG-TERM LIABILITIES
Long-Term Debt $40.00K
YoY Change -61.54%
Other Long-Term Liabilities $38.27M
YoY Change 18.85%
Total Long-Term Liabilities $39.04M
YoY Change 17.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.43M
Total Long-Term Liabilities $39.04M
Total Liabilities $53.46M
YoY Change 12.59%
SHAREHOLDERS EQUITY
Retained Earnings -$10.49M
YoY Change -47.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.432M
YoY Change 16.42%
Treasury Stock Shares
Shareholders Equity $168.7M
YoY Change
Total Liabilities & Shareholders Equity $212.3M
YoY Change 5.33%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $3.135M
YoY Change -23.65%
Depreciation, Depletion And Amortization $1.063M
YoY Change -11.05%
Cash From Operating Activities $1.657M
YoY Change -36.71%
INVESTING ACTIVITIES
Capital Expenditures $1.805M
YoY Change 2765.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.818M
YoY Change 2201.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.987M
YoY Change -6.54%
NET CHANGE
Cash From Operating Activities $1.657M
Cash From Investing Activities -$1.818M
Cash From Financing Activities -$1.987M
Net Change In Cash -$2.148M
YoY Change -620.1%
FREE CASH FLOW
Cash From Operating Activities $1.657M
Capital Expenditures $1.805M
Free Cash Flow -$148.0K
YoY Change -105.79%

Facts In Submission

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IncreaseDecreaseInNotesReceivable
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IncreaseDecreaseInNotesReceivable
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CY2023Q3 FONR Increase Decrease In Notes Receivable Related Party
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102000 usd
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255000 usd
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547000 usd
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IncreaseDecreaseInTradingLiabilities
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IncreaseDecreaseInCustomerDeposit
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IncreaseDecreaseInCustomerDeposit
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CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024Q3 us-gaap Payments To Acquire Intangible Assets
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CY2024Q3 us-gaap Repayments Of Notes Payable
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CY2023Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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CY2024Q3 us-gaap Payments For Repurchase Of Convertible Preferred Stock
PaymentsForRepurchaseOfConvertiblePreferredStock
415000 usd
CY2023Q3 us-gaap Payments For Repurchase Of Convertible Preferred Stock
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714000 usd
CY2024Q3 us-gaap Payments Of Dividends Minority Interest
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1546000 usd
CY2023Q3 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2024Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2148000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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51693000 usd
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
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CY2024Q3 FONR Net Income Loss Available To Common Stockholder Basic
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3135000 usd
CY2023Q3 FONR Net Income Loss Available To Common Stockholder Basic
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4106000 usd
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WeightedAverageNumberOfSharesOutstandingBasic
6304000 shares
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CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.50
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.64
CY2024Q3 us-gaap Accounts Receivable Net
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3873000 usd
CY2024Q3 FONR Accounts Receivable Net Related Party
AccountsReceivableNetRelatedParty
90000 usd
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23069000 usd
CY2024Q3 FONR Management And Other Fees Non Related Parties
ManagementAndOtherFeesNonRelatedParties
43569000 usd
CY2024Q3 FONR Managment And Other Fees Receivable Related Medical Practices Net Allowances
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41954000 usd
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CY2024Q3 us-gaap Contract Receivable Due Two To Three Years
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328000 usd
CY2024Q3 us-gaap Contract Receivable Due Three To Four Years
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87000 usd
CY2024Q3 us-gaap Contract Receivable Due Four To Five Years
ContractReceivableDueFourToFiveYears
65000 usd
CY2024Q3 us-gaap Accounts Receivable Billed For Long Term Contracts Or Programs
AccountsReceivableBilledForLongTermContractsOrPrograms
1173000 usd
CY2024Q3 FONR Percentage Of Pcs Net Revenue Derived From Nofault And Personal Injury Protection Claims
PercentageOfPcsNetRevenueDerivedFromNofaultAndPersonalInjuryProtectionClaims
0.67 pure
CY2023Q3 FONR Percentage Of Pcs Net Revenue Derived From Nofault And Personal Injury Protection Claims
PercentageOfPcsNetRevenueDerivedFromNofaultAndPersonalInjuryProtectionClaims
0.67 pure
CY2024Q3 FONR Percentage Of Consolidated Net Revenue From Management Fees
PercentageOfConsolidatedNetRevenueFromManagementFees
0.120 pure
CY2023Q3 FONR Percentage Of Consolidated Net Revenue From Management Fees
PercentageOfConsolidatedNetRevenueFromManagementFees
0.116 pure
CY2024Q3 us-gaap Other Inventory Supplies
OtherInventorySupplies
2561000 usd
CY2024Q2 us-gaap Other Inventory Supplies
OtherInventorySupplies
2524000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
256000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
191000 usd
CY2024Q3 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
2817000 usd
CY2024Q2 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
2715000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20328000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20315000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17534000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17445000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2794000 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2870000 usd
CY2024Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2708000 usd
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
4678000 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
201000 usd
CY2024Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
197000 usd
CY2024Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
543000 usd
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1461000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
11000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
32000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
120000 usd
CY2024Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
177000 usd
CY2024Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
121000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
4000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
4000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1672000 usd
CY2024Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1349000 usd
CY2024Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
5348000 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
7941000 usd
CY2024Q3 us-gaap Revenues
Revenues
24960000 usd
CY2024Q3 FONR Intersegment Net Revenues
IntersegmentNetRevenues
289000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4606000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1063000 usd
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PaymentsToAcquireProductiveAssets
1818000 usd
CY2023Q3 us-gaap Revenues
Revenues
25838000 usd
CY2023Q3 FONR Intersegment Net Revenues
IntersegmentNetRevenues
254000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6571000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1195000 usd
CY2023Q3 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79000 usd
CY2024Q3 us-gaap Interest Paid Net
InterestPaidNet
8000 usd
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
48000 usd
CY2024Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
1301000 usd
CY2023Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
150000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
359000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1109000 usd
CY2024Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
150000 usd
CY2024Q3 us-gaap Self Insurance Reserve
SelfInsuranceReserve
177000 usd
CY2024Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
121000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
1249000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability
1249000 usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
6357000 usd
CY2024Q3 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Policyholders Surplus
DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityPolicyholdersSurplus
371000 usd
CY2024Q3 FONR Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
CY2024Q3 FONR Corporate Alternative Minimum Tax Percentage
CorporateAlternativeMinimumTaxPercentage
0.15 pure
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001731122-24-001763-index-headers.html Edgar Link pending
0001731122-24-001763-index.html Edgar Link pending
0001731122-24-001763.txt Edgar Link pending
0001731122-24-001763-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fonar_10-q.htm Edgar Link pending
fonar_exhibit-31.htm Edgar Link pending
fonar_exhibit-32.htm Edgar Link pending
fonar_logo.jpg Edgar Link pending
fonr-20240930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
fonar_10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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fonr-20240930_cal.xml Edgar Link unprocessable
fonr-20240930_def.xml Edgar Link unprocessable
fonr-20240930_lab.xml Edgar Link unprocessable
fonr-20240930_pre.xml Edgar Link unprocessable