NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

12 Months Ended

Jun. 30, 2018

Notes to Financial Statements

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS AND CUSTOMER ADVANCES

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2018, 2017 and 2016

NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information relating to uncompleted contracts as of June 30, 2018 and 2017 is as follows:

	As of June 30,
	2018		2017
Costs incurred on uncompleted contracts	$	448,437	$	1,030,675
Estimated earnings		309,248		999,433
		757,685		2,030,108
Less: Billings to date		671,047		1,294,047
	$	86,638	$	736,061