Fonar Corp.
Fonar Corporation (Fonar) is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company operates its business through two segments: medical equipment segment, and physician management and diagnostic services segment. The Company directly operates the medical equipment segment, and the physician management and diagnostic services segment’s operations are conducted through its subsidiary Health Management Corporation of America (HMCA). HMCA provides management services, administrative services, billing and collection services, office space, equipment, repair, maintenance service, and clerical and other