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NOTE 19 - BUSINESS COMBINATIONS (Tables) | 12 Months Ended
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Jun. 30, 2018
Proforma Results | The following unaudited pro forma results of operations assumes that the TK2 Equipment Management LLC and Turnkey Services of New York LLC acquisitions were made at the beginning of the year prior to acquisition.
|  | Year ended June 30, 2016
Total Revenues – Net |  | $ | 73,368,210 |
Net Income - Controlling Interests |  | $ | 16,088,263 |
Net Income Available to Common Stockholders |  | $ | 15,042,842 |
Net Income Available to Class A Non-Voting Preferred Stockholders |  | $ | 779,173 |
Net Income Available to Class C Common Stockholders |  | $ | 266,248 |
Basic Net Income Per Common Share Available to Common Stockholders |  | $ | 2.49 |
Diluted Net Income Per Common Share Available to Common Stockholders |  | $ | 2.43 |
Basic and Diluted Income Per Share - Common C |  | $ | 0.70 |
Weighted Average Basic Shares Outstanding |  |  | 6,050,893 |
Weighted Average Diluted Shares Outstanding |  |  | 6,178,397 |
Weighted Average Basic and Diluted Shares Outstanding - Class C Common |  |  | 382,513 |
Turnkey Equipment Management of Great Neck, LLC |
Acquisition | On June 15, 2017, the Company purchased 100% interest in Turnkey Equipment Management of Great Neck, LLC. The consideration and net assets acquired is as follows:
Cash Paid |  | $ | 1,312,769 |
Security deposit |  |  | 23,775 |
Total Consideration |  |  | 1,336,544 |
Net assets at Fair Value |  |  | 731,582 |
Goodwill |  | $ | 604,962 |
Radwell Leasing, LLC & Radwell LLC |
Acquisition | On March 20, 2017, the Company purchased 100% interest in Radwell Leasing LLC and Radwell LLC. The net assets acquired and consideration is as follows:
Diagnostic Equipment |  | $ | 544,375 |
Leasehold Improvements |  |  | 126,237 |
Total Net Assets Acquired |  | $ | 670,612 |
Stock issued as consideration |  | $ | 791,210 |
Less cash received - Net |  |  | (120,598 | )
Total Consideration |  | $ | 670,612 |
TK2 Equipment Management, LLC & Turnkey Equipment Management, LLC |
Acquisition | On June 30, 2016, the Company purchased 100% interest in TK2 Equipment Management, LLC and Turnkey Services of New York, LLC. The consideration and net assets acquired is as follows:
Cash Paid |  | $ | 4,223,567 |
Net assets at Fair Value |  |  | 2,861,507 |
Goodwill |  | $ | 1,555,060 |

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- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(4) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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