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Fonar Corp
110 Marcus Dr
Phone: (631) 694-2929p:631 694-2929 MELVILLE, NY  11747-4228  United States Ticker: FONRFONR
Business Summary
FONAR Corporation is engaged in the research, development, production and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection and diagnosis of human diseases. The Company conducts its business in two segments: medical equipment, and physician management and diagnostic services. Its medical equipment segment is conducted directly through the Company. Its physician management and diagnostic services segment is conducted through its subsidiary, Health Management Corporation of America (HMCA). Its signature product is the FONAR UPRIGHT Multi-Position MRI (STAND-UP MRI). HMCA provides management services, administrative services, billing and collection services, compliance consulting, purchasing, information technology (IT) services, repair, maintenance service, and clerical and other non-medical personnel to medical providers engaged in diagnostic imaging. HMCA owns and operates six diagnostic imaging facilities in Florida.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20246/30/2024YesYes---

Industries
SIC Code Description
3845 Electromedical and electrotherapeutic apparatus
8741 Management services
8071 Medical laboratories

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer, Treasurer Timothy R.Damadian 59 8/3/2022 7/1/1992
Executive Vice President, Chief Operating Officer, Acting Principal Financial Officer Luciano B.Bonanni 68 9/1/2022 6/27/2016
Secretary, Director Claudette J.Chan 85 1/1/2008 10/1/1987
3 additional Officers and Directors records available in full report.

Business Names
Business Name
Central Health Care Management Company, Inc.
Dynamic Services, Inc.
Fair Haven Services, Inc.
13 additional Business Names available in full report.

General Information
Number of Employees: 520 (As of 9/12/2024)
Outstanding Shares: 6,654,320 (As of 11/8/2024)
Shareholders: 978
Stock Exchange: NASD
Federal Tax Id: 112464137
Fax Number: (631) 753-5150
Email Address: investor@fonar.com


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Wednesday, November 20, 2024