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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 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

Shareholder Services Number 800 962 4284
Investor Centre™ portal:

Overnight Delivery

462 South 4th Street, Suite 1600
Louisville, KY 40202 USA

Regular Mail

P.O. Box 505005
Louisville, KY 40233-5000

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 Office

Claudette J.V. Chan


Marcum, LLP., New York, New York

Institutional Ownership

Kayne Anderson Rudnick Investment Management, LLC
The Vanguard Group, Inc.
Renaissance Technologies LLC
Dimensional Fund Advisors, L.P.
BlackRock Institutional Trust Company, N.A.
LSV Asset Management
Northern Trust Investments, Inc.
Hillsdale Investment Management Inc.
Brandywine Global Investment Management, LLC
Geode Capital Management, L.L.C.

Mutual Fund Ownership

Vanguard Total Stock Market Index Fund
iShares Russell 2000 ETF
Vanguard Extended Market Index Fund
DFA U.S. Small Cap Value Portfolio
iShares Russell 2000 Value ETF
Lacuna Global Health
DFA U.S. Small Cap Portfolio
DFA U.S. Targeted Value Portfolio
Bridgeway Omni Small-Cap Value Fund
Wells Fargo Advantage Small Cap Value Fund

Corporate Information

FONAR Corporation (NASDAQ:FONR) The Nasdaq Capital Market
Russell 3000 and Russell 2000 Indexes