UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 10, 2002
FONAR CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-10248 11-2464137
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) No.)
110 Marcus Drive,
Melville, New York 11747
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(Address of Principal (ZIP CODE)
Executive Offices)
(631) 694-2929
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(Registrant's telephone number, including area code:)
N/A
(Former Name or Former Address, if Changed Since Last Report)
ITEM 4. CHANGE IN THE REGISTRANT'S CERTIFYING ACCOUNTANT.
Effective as of September 10, 2002, Fonar Corporation (the "Company") as a
result of the recent merger of several of the Partners of Grassi & Co., CPA's
P.C. into Marcum & Kliegman, LLP, dismissed Grassi & Co., CPA's, P.C. and
engaged Marcum & Kliegman, LLP as its independent accountant. The decision to
change accountants was approved by the Board of Directors of the Company.
The Grassi & Co., CPA's, P.C. report on the Company's financial statements for
the past two fiscal years ended June 30, 2001 and 2000 contained no adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
During the two most recent fiscal years ended June 30, 2001 and 2000, and the
subsequent interim period through September 10, 2002, there were no
disagreements with Grassi & Co., CPA's, P.C. on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of Grassi &
Co., CPA's, P.C., would have caused Grassi & Co., CPA's, P.C. to make reference
thereto in their report on the financial statements for such years.
During the two most recent fiscal years and the subsequent interim period
through September 10, 2002 there were no reportable events (as defined in
Regulation S-K Item 304(a)(1)(v)).
During the two most recent fiscal years and the subsequent interim period
through September 10, 2002, neither the Company nor anyone on its behalf, has
consulted with Marcum & Kliegman, LLP regarding (i) either the application of
accounting principles to a specified transaction, either completed or proposed;
or the type of audit opinion that might be rendered on the Company's financial
statements: or (ii) any matter that was either the subject of a disagreement, as
that term is defined in Item 304(a)(1)(iv) of regulation S-K and the related
instructions to Item 304 of Regulation S-K, or a reportable event, as that term
is defined in Item 304(a)(1) (v) of Regulation S-K.
The Company provided Grassi & Co., CPA's, P.C. with a copy of the disclosure
made under this Item 4 of Form 8-K and has requested that Grassi & Co., CPA's,
P.C. furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the above statements. A copy of
such letter, when received, will be filed by amendment as Exhibit 16 to this
Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 16. - Letter from Grassi & Co. CPA's, P.C.: See Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
Date: October 2, 2002 Fonar Corporation
By /s/ Raymond V. Damadian
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Raymond V. Damadian
President & Chairman