Fonar Corporation (FONR) financial statements (2022 and earlier)
Company profile
| Business Address |
110 MARCUS DR MELVILLE, NY 11747 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| SIC | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 44,883 | 44,493 | 36,834 | 28,977 | 19,634 | 10,140 | 8,528 | ||
| Cash and cash equivalents | 44,851 | 44,460 | 36,802 | 13,882 | 19,634 | 10,140 | 8,528 | ||
| Short-term investments | 32 | 32 | 32 | 15,095 | |||||
| Receivables | 671 | 45 | 45 | ||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | 1,031 | 894 | |||
| Deferred tax assets | ✕ | ✕ | ✕ | 20,694 | 22,450 | 17,530 | 13,042 | ||
| Other undisclosed current assets | 66,718 | 64,091 | 58,384 | 35,417 | 24,981 | 24,668 | 23,049 | ||
| Total current assets: | 111,601 | 108,583 | 95,890 | 85,089 | 67,065 | 53,414 | 45,560 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 1,028 | 1,127 | 1,326 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 34,767 | 30,133 | 31,392 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 21,819 | 21,850 | 21,364 | 16,986 | 16,492 | 16,463 | 14,513 | ||
| Long-term investments and receivables | 2,290 | 2,801 | 2,656 | ||||||
| Accounts and financing receivable, after allowance for credit loss | 2,290 | 2,801 | 2,656 | ||||||
| Intangible assets, net (including goodwill) | 8,124 | 8,307 | 8,095 | 8,741 | 9,587 | 10,572 | 11,042 | ||
| Goodwill | 4,269 | 4,269 | 3,985 | 3,985 | 3,985 | 3,927 | 3,322 | ||
| Intangible assets, net (excluding goodwill) | 3,855 | 4,038 | 4,109 | 4,756 | 5,602 | 6,645 | 7,719 | ||
| Deferred costs | (482) | ||||||||
| Other undisclosed noncurrent assets | 14,101 | 16,705 | 19,537 | ||||||
| Total noncurrent assets: | 82,129 | 80,923 | 84,370 | 25,727 | 26,079 | 27,034 | 25,072 | ||
| TOTAL ASSETS: | 193,730 | 189,506 | 180,259 | 110,815 | 93,144 | 80,448 | 70,632 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 775 | 1,866 | 1,965 | 861 | 753 | 273 | 963 | ||
| Accounts payable | 775 | 1,866 | 1,965 | 1,861 | 1,300 | 1,423 | 1,254 | ||
| Accrued liabilities | 271 | 264 | 441 | 930 | |||||
| Employee-related liabilities | 3,898 | 3,438 | 1,139 | 3,189 | |||||
| Taxes payable | 1,671 | 2,092 | 2,282 | 2,402 | |||||
| Other undisclosed accounts payable and accrued liabilities | (6,840) | (6,342) | (5,011) | (6,813) | |||||
| Deferred revenue | 3,971 | 4,366 | 4,105 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 39 | 173 | 108 | 41 | 38 | 180 | 2,448 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 4,192 | 4,642 | 4,679 | ||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | 207 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 858 | 788 | 1,199 | ||
| Other liabilities | 4,617 | 9,162 | 8,185 | 7,577 | 8,178 | 7,203 | 10,827 | ||
| Other undisclosed current liabilities | 4,322 | 4,482 | 4,299 | 5,611 | 548 | 1,150 | 292 | ||
| Total current liabilities: | 13,724 | 20,049 | 18,663 | 14,090 | 14,567 | 14,236 | 20,613 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 180 | 760 | 865 | 273 | 306 | 337 | 2,059 | ||
| Finance lease, liability | 944 | 1,048 | 1,251 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 33,681 | 28,975 | 30,104 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (34,445) | (29,263) | (30,490) | 273 | 306 | 337 | 2,059 | ||
| Liabilities, other than long-term debt | 2,488 | 3,386 | 3,626 | 93 | 228 | 228 | 2,732 | ||
| Accounts payable and accrued liabilities | 105 | 493 | 878 | 2,487 | |||||
| Deferred revenue | 2,290 | 2,801 | 2,656 | ✕ | ✕ | ✕ | ✕ | ||
| Due to related parties | 93 | 93 | 93 | 93 | 228 | 228 | 245 | ||
| Other undisclosed noncurrent liabilities | 34,896 | 29,940 | 30,862 | 992 | 976 | 1,052 | (1,293) | ||
| Total noncurrent liabilities: | 37,564 | 34,087 | 35,354 | 1,358 | 1,510 | 1,617 | 3,498 | ||
| Total liabilities: | 51,288 | 54,136 | 54,017 | 15,448 | 16,076 | 15,853 | 24,111 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 145,756 | 138,419 | 126,187 | 115,956 | 98,684 | 77,453 | 60,776 | ||
| Common stock | 1 | ||||||||
| Treasury stock, value | (675) | (675) | (675) | ||||||
| Additional paid in capital | 184,531 | 185,101 | 183,077 | 181,087 | 179,132 | 179,132 | 173,702 | ||
| Deferred employee stock ownership plan, issuance of shares or sale of treasury shares | (675) | (675) | (675) | (675) | |||||
| Accumulated deficit | (38,101) | (46,008) | (56,215) | (64,455) | (79,773) | (101,003) | (120,624) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 8,373 | |||||
| Stockholders' equity attributable to noncontrolling interest | (3,314) | (3,049) | 55 | 2,156 | 3,559 | 5,473 | 8,397 | ||
| Other undisclosed stockholders' equity | (9) | (16) | (8,397) | ||||||
| Total stockholders' equity: | 142,442 | 135,370 | 126,242 | 118,112 | 102,234 | 82,910 | 60,776 | ||
| TOTAL LIABILITIES AND EQUITY: | 193,730 | 189,506 | 180,259 | 133,560 | 118,311 | 98,763 | 84,888 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 137,701 | 89,930 | 85,690 | 87,193 | 901 | 1,200 | 2,140 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 81,516 | 78,037 | 73,368 | |
| Cost of revenue | (45,090) | (42,374) | (39,388) | (40,148) | (55,947) | (50,690) | (35,895) | |
| Cost of goods and services sold | (2,051) | (1,870) | (1,557) | (28,202) | (25,881) | (26,476) | ||
| Other cost of operating revenue | (9,307) | (10,918) | (10,880) | (10,789) | (10,257) | (8,988) | (9,419) | |
| Gross profit: | 92,610 | 47,555 | 46,302 | 47,045 | (55,046) | (49,490) | (33,755) | |
| Operating expenses | (30,715) | (30,458) | (32,651) | (24,911) | (5,884) | (8,250) | (23,430) | |
| Operating income (loss): | 61,896 | 17,098 | 13,651 | 22,134 | (60,931) | (57,741) | (57,185) | |
| Nonoperating income | 1,750 | 816 | 573 | 484 | 258 | 192 | 415 | |
| Investment income, nonoperating | 248 | 312 | 502 | 483 | 263 | 193 | 224 | |
| Other nonoperating income (expense) | 1,502 | 504 | 71 | 1 | (4) | (1) | 191 | |
| Interest and debt expense | (251) | (249) | (74) | 99 | 160 | (28) | 262 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 63,395 | 17,665 | 14,150 | 22,716 | (60,512) | (57,577) | (56,508) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (41,706) | (197) | 80,295 | 76,893 | 71,016 | |||
| Income from continuing operations before income taxes: | 21,689 | 17,665 | 14,150 | 22,519 | 19,782 | 19,316 | 14,508 | |
| Income tax expense (benefit) | (4,876) | (3,992) | (2,445) | (2,006) | 5,670 | (4,362) | 4,287 | |
| Income before gain (loss) on sale of properties: | 16,814 | 13,674 | 11,705 | 20,514 | 25,452 | 14,954 | 18,796 | |
| Other undisclosed net income | 8,725 | |||||||
| Net income: | 16,814 | 13,674 | 11,705 | 20,514 | 25,452 | 23,679 | 18,796 | |
| Net income (loss) attributable to noncontrolling interest | (7,438) | (3,466) | (3,465) | 5,197 | 4,221 | 4,058 | 3,071 | |
| Other undisclosed net income (loss) attributable to parent | 3,120 | (10,393) | (8,443) | (8,116) | (6,142) | |||
| Net income available to common stockholders, diluted: | 12,496 | 10,208 | 8,240 | 15,317 | 21,231 | 19,621 | 15,725 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 16,814 | 13,674 | 11,705 | 20,514 | 25,452 | 23,679 | 18,796 | |
| Comprehensive income: | 16,814 | 13,674 | 11,705 | 20,514 | 25,452 | 23,679 | 18,796 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (7,438) | (3,466) | (3,465) | 5,197 | 4,221 | 4,058 | 3,071 | |
| Comprehensive income, net of tax, attributable to parent: | 9,376 | 10,208 | 8,240 | 25,710 | 29,674 | 27,737 | 21,866 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.