FONR · As filed with the SEC

Fonar balance sheet, by fiscal year

The statement as Fonar presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONSOLIDATED BALANCE SHEETS · USD

USD	FY2025 Jun 30, 2025	FY2024 Jun 30, 2024	FY2023 Jun 30, 2023	FY2022 Jun 30, 2022	FY2021 Jun 30, 2021	FY2020 Jun 30, 2020	FY2019 Jun 30, 2019	FY2018 Jun 30, 2018
Current Assets:
Cash and Cash Equivalents	—	—	51,279,707	48,722,977	44,460,411	36,802,342	13,882,013	19,633,742
Cash and Cash Equivalents	56,333,636	56,341,193	—	—	—	—	—	—
Short-Term Investments	120,494	136,102	32,799	32,326	32,177	31,884	15,094,816	—
Accounts receivable – net of allowances for doubtful accounts of $198,593 and $204,597 at June 30, 2023 and 2022, respectively	—	—	3,861,512	4,335,956	4,525,435	4,312,999	3,736,662	3,813,576
Accounts receivable – related party	—	—	—	—	11,977	5,988	—	—
Accounts Receivable	5,304,698	4,035,336	—	—	—	—	—	—
Medical receivables	24,489,808	23,991,533	21,259,262	20,108,989	17,900,489	16,171,782	15,728,935	13,350,772
Management and other fees receivable - net	—	—	—	—	—	27,437,768	25,709,489	21,863,431
Management and other fees receivable – net of allowances for doubtful accounts of $12,608,567 and $16,627,917 at June 30, 2023 and 2022, respectively	—	—	35,888,253	33,419,219	30,947,863	—	—	—
Other Non-Operating Non-Current Assets	43,401,252	41,953,657	—	—	—	—	—	—
Management and other fees receivable – related party medical practices – net of allowances for credit losses of $7,136,836 and $6,110,399 at June 30, 2025 and 2024, respectively	9,748,521	9,865,061	9,161,870	8,602,561	7,814,250	6,896,482	6,500,614	5,535,096
Other Current Assets	—	—	—	—	—	152,833	525,110	86,638
Inventory	—	—	2,569,666	2,359,821	1,663,419	1,648,770	1,798,166	1,431,380
Income taxes receivable - current	—	—	—	—	—	—	600,000	—
Income Tax Receivable	—	—	—	—	—	671,185	—	—
Income Tax Receivable	—	—	—	—	—	—	600,000	1,200,000
Inventory	2,812,682	2,715,441	—	—	—	—	—	—
Prepaid expenses and other current assets – related party	410,659	—	—	—	—	—	—	—
Other Non-Operating Current Assets	2,050,060	1,285,962	1,607,768	1,104,325	1,227,463	1,757,499	1,512,917	1,349,907
Total Current Assets	144,671,810	140,324,285	125,660,837	118,686,174	108,583,484	95,889,532	85,088,722	67,064,542
Accounts receivable – long term	3,549,956	829,473	710,085	1,871,890	2,879,946	2,730,071	—	—
Note receivable – related party	554,857	581,183	—	—	—	—	—	—
Deferred Tax Assets, Current	6,349,194	7,223,255	10,041,960	12,842,478	15,958,961	18,809,757	20,937,747	22,689,011
Property, Plant and Equipment	18,531,919	18,708,920	22,146,373	22,281,791	21,850,139	21,364,034	16,985,617	16,492,278
Operating Lease Right-of-Use Asset	35,136,412	38,427,757	33,068,755	34,232,109	30,133,285	31,392,458	—	—
Other Non-Operating Non-Current Assets	376,569	530,348	729,229	928,109	1,126,990	1,325,870	—	—
Goodwill	4,269,277	4,269,277	4,269,277	4,269,277	4,269,277	3,985,397	3,985,397	3,985,397
Intangible Assets	2,992,203	2,870,324	3,431,865	3,703,885	4,037,599	4,109,129	4,755,675	5,601,656
Other Non-Operating Current Assets	475,680	481,147	523,506	526,269	666,514	653,132	1,207,052	1,278,061
Total Assets	—	—	—	—	—	—	133,560,210	118,310,945
Total Assets	216,907,877	214,245,969	200,581,887	199,341,982	189,506,195	180,259,380	—	—
Current Liabilities:
Current Portion of Long-Term Debt	—	—	—	40,078	173,206	108,379	40,530	38,332
Current portion of long-term debt	—	—	43,767	—	—	—	—	—
Current Portion of Long-Term Debt	—	47,002	—	—	—	—	—	—
Accounts Payable	1,302,317	1,855,879	1,579,240	1,551,269	1,866,035	1,965,259	1,861,227	1,300,250
Other Non-Operating Current Liabilities	6,974,997	7,941,039	5,443,724	6,417,227	9,162,118	8,185,098	7,577,416	8,177,995
Operating Lease Liability, Current	3,382,675	3,473,674	3,905,484	3,880,129	3,533,656	3,370,149	—	—
Short-Term Debt	244,237	225,786	217,597	210,140	202,741	74,699	—	—
Deferred Revenue, Current	4,865,936	3,870,229	3,832,184	4,288,766	4,365,825	4,105,265	3,812,115	4,191,930
Other Current Liabilities	—	—	—	—	—	854,579	798,651	858,195
Customer deposits	354,244	443,471	602,377	361,245	731,101	—	—	—
Other Current Liabilities	—	—	—	—	14,739	—	—	—
Total Current Liabilities	17,124,406	17,857,080	15,624,373	16,748,854	20,049,421	18,663,428	14,089,939	14,566,702
Long-Term Liabilities:
Unearned revenue on service contracts	3,800,746	1,174,844	760,242	1,857,257	2,800,522	2,655,605	—	—
Deferred Tax Liabilities, Non-Current	321,159	371,560	394,758	215,726	238,316	234,106	243,267	239,011
Other Non-Current Liabilities	—	—	—	92,663	92,663	92,663	92,663	227,543
Due to related party medical practices	—	—	92,663	—	—	—	—	—
Due to related party medical practices	92,663	92,663	—	—	—	—	—	—
Operating Lease Liability, Non-Current	35,148,907	37,467,746	32,105,405	33,090,990	28,975,132	30,104,464	—	—
Long-Term Debt	142,523	394,723	620,481	838,291	1,048,431	1,251,171	—	—
Long-Term Debt	—	—	—	155,379	760,254	865,416	273,112	306,035
Long-term debt and capital leases, less current portion	—	—	115,075	—	—	—	—	—
Long-Term Debt	—	66,938	—	—	—	—	—	—
Other Non-Operating Current Liabilities	172,853	32,026	41,750	106,541	171,331	150,311	749,126	737,183
Total Long-Term Liabilities	39,678,851	39,600,500	34,130,374	36,356,847	34,086,649	35,353,736	1,358,168	1,509,772
Total Liabilities	56,803,257	57,457,580	49,754,747	53,105,701	54,136,070	54,017,164	15,448,107	16,076,474
Equity:
Class A Non Voting Preferred Stock	31	31	31	31	31	31	31	31
Preferred Stock	0	0	—	—	—	—	—	0
Common Stock	622	635	647	657	657	647	638	630
Common Class B	0	0	—	—	—	—	—	0
Common Class C	38	38	38	38	38	38	38	38
Additional Paid-In Capital	—	—	—	—	—	—	181,086,517	179,131,780
Additional Paid-In Capital	178,756,712	180,607,510	182,612,518	184,531,535	185,100,976	183,076,888	—	—
Retained Earnings	(5,289,324)	(13,623,585)	(24,190,981)	(33,566,757)	(46,007,663)	(56,215,251)	(64,455,456)	(79,772,587)
Notes receivable from employee stockholders	—	—	—	—	—	—	—	(9,213)
Treasury stock, at cost - 11,643 shares of common stock at June 30, 2019 and 2018	—	—	—	—	—	—	(675,390)	(675,390)
Total Fonar Corporation Stockholder Equity	—	—	—	—	—	—	—	98,675,289
Treasury stock, at cost – 34,840 and 45,081 shares of common stock at June 30, 2025 and 2024, respectively	(859,893)	(1,016,632)	(515,820)	(675,390)	(675,390)	(675,390)	—	—
Total Fonar Corporation’s Stockholders’ Equity	172,608,186	165,967,997	157,906,433	150,290,114	138,418,649	126,186,963	115,956,378	—
Noncontrolling Interest	(12,503,566)	(9,179,608)	(7,079,293)	(4,053,833)	(3,048,524)	55,253	2,155,725	3,559,182
Total Stockholders' Equity	—	—	—	—	—	—	118,112,103	102,234,471
Common Shares	—	—	—	—	—	—	638	—
Class C Common Stock	—	—	—	—	—	—	38	—
Total Equity	160,104,620	156,788,389	150,827,140	146,236,281	135,370,125	126,242,216	—	—
Common Stock	622	635	647	657	657	647	—	—
Total Liabilities and Equity	216,907,877	214,245,969	200,581,887	199,341,982	189,506,195	180,259,380	133,560,210	118,310,945

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.