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NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS
6 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

FONAR CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2019 and 2018

(Amounts and shares in thousands, except per share amounts)

(UNAUDITED)

 

NOTE 5 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

 

Information relating to uncompleted contracts is as follows:

 

   December 31,
2019
  June 30,
 2019
Costs incurred on uncompleted contracts  $584   $448 
Estimated earnings   994    1,089 
Subtotal   1,578    1,537 
Less: Billings to date   1,437    1,012 
Total Costs and estimated earnings in excess of billings on uncompleted contracts - net  $141   $525