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diagnostic imaging management services

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Investor Fact Sheet

Patents and Licenses

As of February 2020, 214 patents had been issued to Fonar. We believe that these patents, and the know-how we have developed, are material to our business.

One of our patents, issued in the name of Dr. Raymond Damadian and licensed to Fonar, was United States patent No. 3,789,832, Apparatus and Method for Detecting Cancer in Tissue, also referred to as the "Cancer Detection Patent". Filed on March 1972 and awarded in 1974, it is the world's first MRI patent and the scientific basis for magnetic resonance imaging (MRI). The Cancer Detection Patent was the first of its kind to utilize MR to scan the human body and to detect cancer. Subsequently, the Company calls itself the Inventor of MR Scanning.

FONAR has been vigorous defending its patents. To date, FONAR has collected $128.7 million from General Electric for the 1974 Cancer Detection Patent and a patent related to imaging. There have also been confidential settlements with Hitachi, Philips, Siemens, Toshiba, Shimadzu, Elscint, and Health Images.

Corporate Headquarters

110 Marcus Drive
Melville, NY 11747
(631) 694-2929

Investor Relations

FONAR Corporation
110 Marcus Drive
Melville, NY 11747
(631) 694-2929 x452

Stock Transfer Agency

Computershare Investor Services
Shareholder Services Number 800-962-4284
Investor Centre™ portal:

By Mail:

Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078

By Overnight Delivery:

Computershare Investor Services
150 Royall Street - Suite 101
Canton, MA 02021

Board of Directors

Timothy R. Damadian, Chairman of the Board
Claudette J.V. Chan, Director
Ronald G. Lehman, Director
Richard E. Turk, Director
Jessica Maher, Director


Timothy R. Damadian
President, Chief Executive Officer and Treasurer

Luciano B. Bonanni
Executive Vice President, Chief Operating Officer and acting Principal Financial Officer

Claudette J.V. Chan


Marcum, LLP., New York, New York

Institutional Ownership (Top Ten)

Kayne Anderson Rudnick Investment Management, LLC
Dimensional Fund Advisors, L.P.
Renaissance Technologies LLC
The Vanguard Group, Inc.
Money Concepts Capital Corp
LSV Asset Management
Invenomic Capital Management LP
BlackRock Institutional Trust Company, N.A.
Brandywine Global Investment Management, LLC
RBF Capital, LLC

Mutual Fund (Top Ten)

Vanguard Total Stock Market Index Fund
Invenomic Fund
Vanguard Extended Market Index Fund
DFA U.S. Small Cap Value Portfolio
DFA U.S. Micro Cap Portfolio
DFA U.S. Targeted Value Portfolio
Bridgeway Ultra-Small Company Fund
DFA U.S. Small Cap Portfolio
DFA U.S. Core Equity 2 Portfolio
Fidelity Extended Market Index Fund