SEGMENT AND RELATED INFORMATION

3 Months Ended

Sep. 30, 2025

NOTE 9 - SEGMENT AND RELATED INFORMATION

The Company operates in two reportable segments - manufacturing and the service of medical equipment and management of diagnostic imaging centers. The accounting policies of the segments are the same as those described in the summary of significant accounting policies as disclosed in the Company’s 10-K as of June 30, 2025. All inter segment sales are market-based. The Company evaluates performance based on income or loss from operations.

Summarized financial information concerning the Company’s reportable segments is shown in the following table:


	Manufacturing and Servicing of Medical			Management of Diagnostic Imaging
Three months ended September 30, 2025	Equipment			Centers			Totals
Net revenues from external customers	$	2,543		$	23,500		$	26,043
Cost of Sales
Salaries and wages		949			4,868			5,817
Rent expense		—			1,253			1,253
Other Cost of sales expenses**		442			8,084			8,526
Total Cost of sales	$	1,391		$	14,205		$	15,596
Research and development
Salaries and wages		219			—			219
Other research and development costs**		221			—			221
Total Research and development costs	$	440		$	—		$	440
Selling, general and administrative expenses
Salaries and wages		476			2,685			3,161
Rent expense		313			18			331
Other selling, general and administrative expenses**		1,127			2,194			3,321
Total Selling, general and administrative expenses	$	1,916		$	4,897		$	6,813
Total costs and expenses	$	3,747		$	19,102		$	22,849
(Loss) Income from operations	$	(1,204	)	$	4,398		$	3,194
Investment income		21			453			474
Other income		16			(2	)		14
(Loss) Income before provision for income taxes	$	(1,167	)	$	4,849		$	3,682
Provision for income taxes		(931	)		(81	)		(1,012	)
Net (Loss) income	$	(2,098	)	$	4,768		$	2,670
Intersegment net revenues *		306			—			306
Depreciation and amortization		44			1,146			1,190
Total identifiable assets	$	33,062		$	185,215		$	218,277


	Manufacturing and Servicing of Medical			Management of Diagnostic Imaging
Three months ended September 30, 2024	Equipment			Centers			Totals
Net revenues from external customers	$	2,157		$	22,803		$	24,960
Cost of Sales
Salaries and wages		900			4,680			5,580
Rent expense		—			1,166			1,166
Other Cost of sales expenses**		479			7,692			8,171
Total Cost of sales	$	1,379		$	13,538		$	14,917
Research and development
Salaries and wages		185			—			185
Other research and development costs**		122			—			122
Total Research and development costs	$	307		$	—		$	307
Selling, general and administrative expenses
Salaries and wages		501			2,668			3,169
Rent expense		313			24			337
Other selling, general and administrative expenses**		700			924			1,624
Total Selling, general and administrative expenses	$	1,514		$	3,616		$	5,130
Total costs and expenses	$	3,200		$	17,154		$	20,354
(Loss) Income from operations	$	(1,043	)	$	5,649		$	4,606
Investment income		30			609			639
Other income (expense)		13			(9	)		4
(Loss) Income before provision for income taxes	$	(1,000	)	$	6,249		$	5,249
Provision for income taxes		(1,132	)		(117	)		(1,249	)
Net (Loss) income	$	(2,132	)	$	6,132		$	4,000
Intersegment net revenues *		289			—			289
Depreciation and amortization		51			1,012			1,063
Total identifiable assets	$	37,593		$	174,697		$	212,290

*	Amounts eliminated in consolidation
**	Other segment costs include supplies, professional fees, marketing expenses, repairs and maintenance and other operational costs.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

FONAR CORP 10-Q