NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) |
12 Months Ended | ||
---|---|---|---|
Jun. 30, 2017
USD ($)
shares
|
Jun. 30, 2016
USD ($)
shares
|
Jun. 30, 2015
USD ($)
shares
|
|
Maintenance and Repair Expenses for Property and Equipment | $ 1,116,000 | $ 1,113,000 | $ 1,200,000 |
Management Agreements with Company - Total Medical Practices | 22 | ||
Management Agreements with Company - Related Medical Practices | 3 | ||
Management Agreements with Company - Located in New York State | 19 | ||
Advertising Costs | $ 531,000 | 535,000 | 894,000 |
Shipping and Handling Expense | $ 8,224 | $ 11,077 | $ 9,293 |
Number of shares added to diluted EPS upon conversion of Class C Common | shares | 127,504 | 127,504 | 127,504 |
Cash on Deposit in Bank in excess of federally insured limits | $ 7,855,000 | ||
Federally insured limit (FDIC) | $ 250,000 | ||
Net revenues from related parties as a percentage of consolidated net revenues | 11.00% | 10.00% | 11.00% |
Net management fee receivables from the related medical practices as a percentage of the consolidated accounts receivable | 13.00% | 12.00% | 12.00% |
Capitalized software development costs | |||
Amortization method | Capitalized software development costs amortization is provided on a product by product basis. The annual amortization is the greater of the amount computed using (a) the ratio that current gross revenue for a product bears to the total of current and anticipated future gross revenue for that product, or (b) the straight-line method over the remaining estimated economic life of the product. | ||
Patents and Copyrights | |||
Amortization method | Patents and copyright amortization is calculated on the straight-line basis over 15 years. | ||
Non-competition | |||
Amortization method | Non-competition agreements are amortized on the straight line basis over the length of the agreement (7 years). | ||
Customer Relationships | |||
Amortization method | Customer relationship amortization is calculated on the straight line basis over 20 years. | ||
Diagnostic Imaging Facility | |||
Contractual fees per month for services rendered minimum | $ 80,000 | ||
Contractual fees per month for services rendered maximum | 339,000 | ||
Lease fee per month for medical equipment for managed centers | $ 2,000 |