NOTE 18 - ALLOWANCE FOR DOUBTFUL ACCOUNTS |
FONAR
CORPORATION AND SUBSIDIARIES
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
JUNE
30, 2016, 2015 and 2014
NOTE
18 – ALLOWANCE FOR DOUBTFUL ACCOUNTS
The
following represents a summary of allowance for doubtful accounts for the years ended June 30, 2016, 2015 and 2014, respectively:
Description | |
| Balance
June 30, 2015 | | |
| Additions | | |
| Deductions | | |
| Balance
June 30, 2016 | |
Accounts
receivable | |
$ | 362,362 | | |
$ | (1) | | |
$ | 78,083 | | |
$ | 84,279 | |
Management
and other fees receivable | |
| 13,271,651 | | |
| (1)
673,856 | | |
| — | | |
| 13,945,507 | |
Management
and other fees receivable - related medical practices | |
| 403,047 | | |
| — | | |
| 10,542 | | |
| 392,505 | |
Medical
receivables | |
| 15,459,156 | | |
| (1)14,539,786 | | |
| 12,547,160 | | |
| 17,451,782 | |
| |
| | | |
| | | |
| | | |
| | |
Description | |
| Balance
June 30, 2014 | | |
| Additions | | |
| Deductions | | |
| Balance
June 30, 2015 | |
Accounts
receivables | |
$ | 257,362 | | |
$ | (1)105,000 | | |
$ | | | |
$ | 62,362 | |
Management
and other fees receivable | |
| 10,901,619 | | |
| (1)2,370,032 | | |
| — | | |
| 13,271,651 | |
Management
and other fees receivable - related medical practices | |
| 403,047 | | |
| — | | |
| — | | |
| 403,047 | |
Medical
receivables | |
| 14,032,067 | | |
| (1)12,770,249 | | |
| 11,343,160 | | |
| 15,459,156 | |
Advance
and notes to related parties | |
| 202,379 | | |
| — | | |
| 202,379 | | |
| — | |
| |
| | | |
| | | |
| | | |
| | |
Description | |
| Balance
June 30, 2013 | | |
| Additions | | |
| Deductions | | |
| Balance
June 30, 2014 | |
Accounts
receivables | |
$ | 257,362 | | |
$ | (1) | | |
$ | | | |
$ | 257,362 | |
Management
and other fees receivable | |
| 9,095,320 | | |
| (1)1,806,299 | | |
| — | | |
| 10,901,619 | |
Management
and other fees receivable - related medical practices | |
| 403,047 | | |
| — | | |
| — | | |
| 403,047 | |
Medical
receivables | |
| 2,584,669 | | |
| (1)10,333,082 | | |
| (1,114,316 | ) | |
| 14,032,067 | |
Advance
and notes to related parties | |
| 202,379 | | |
| — | | |
| — | | |
| 202,379 | |
Notes
receivable | |
| 65,000 | | |
| — | | |
| 65,000 | | |
| — | |
(1)
Included in provision for bad
debts.
|