UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C. 20549

                           FORM 12b-25

                   NOTIFICATION OF LATE FILING

                    SEC FILE NUMBER 0-10248
                    CUSIP NUMBER 344437-10-8

      (Check One):  /x/ Form 10-K  / / Form 20-F  / / Form 11-K
      / / Form 10-Q  / / Form N-SAR
       For Period Ended:  June 30, 2003

      / / Transition Report on Form 10-K
      / / Transition Report on Form 20-F
      / / Transition Report on Form 11-K
      / / Transition Report on Form 10-Q
      / / Transition Report on Form N-SAR
       For the Transition Period Ended:  _________________

      Read Instructions (on back page) Before Preparing Form.  Please
      Print or Type.

          NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE
          COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN.

     If the notification relates to a portion of the filing checked
     above, identify the Item(s) to which the notification relates:

     __________________________________________________________________

     Part I - REGISTRANT INFORMATION

     FONAR CORPORATION
     Full Name of Registrant

     RAANEX II CORPORATION
     Former Name if Applicable

     110 MARCUS DRIVE
     Address of Principal Executive Office (Street and Number)

     MELVILLE, NY 11747
     City, State and Zip Code

     PART II - RULES 12b-25(b) AND (c)

     If the subject report could not be filed without unreasonable
     effort or expense and the registrant seeks relief pursuant to Rule
     12b-25(b), the following should be completed.  (Check box if
     appropriate)

     /x/  (a)  The reasons described in reasonable detail in Part III
          of this form could not be eliminated without
          unreasonable effort or expense;

     /x/  (b)  The subject annual report, semi-annual report,
          transition report on Form 10-K, Form 20-F, 11-K or
          Form N-SAR, or portion thereof, will be filed on or
          before the fifteenth calendar day following the
          prescribed due date; or the subject quarterly report or
          transition report on Form 10-Q, or portion thereof will
          be filed on or before the fifth calendar day following
          the prescribed due date; and

     /x/  (c)  The accountant's statement or other exhibit required by
          Rule 12b-25(c) has been attached if applicable.

     PART III - NARRATIVE

     State below in reasonable detail the reasons why the Form 10-K,
     20-F, 11-K, 10-Q, N-SAR, or the transition report or portion
     thereof, could not be filed within the prescribed time period.
     (Attach Extra Sheets if Needed)

         ADDITIONAL TIME IS NEEDED TO COMPLETE THE FINANCIAL STATEMENTS
     AND THE NARRATIVE PORTION OF THE FORM 10-K.

     PART IV - OTHER INFORMATION

     (1)  Name and telephone number of person to contact in regard to
          this notification

           HENRY T. MEYER, ESQ.      (631)         694-2929
                  (Name)          (Area Code)   (Telephone Number)

     (2)  Have all other periodic reports required under Section 13 or
     15(d) of the Securities Exchange Act of 1934 or Section 30 of
     the Investment Company Act of 1940 during the preceding 12
     months (or for such shorter period that the registrant was
     required to file such reports) been filed?  If answer is no,
     identify report(s).                   /x/ Yes  / / No

     (3)  Is it anticipated that any significant change in results of
     operations from the corresponding period for the last fiscal
     year will be reflected by the earnings statements to be
     included in the subject report or portion thereof?
                                           / / Yes  /X/ No

          If so, attach an explanation of the anticipated change, both
     narratively and quantitatively, and, if appropriate, state
     the reasons why a reasonable estimate of the results cannot
     be made.


                             FONAR CORPORATION
                (Name of Registrant as Specified in Charter)

     has caused this notification to be signed on its behalf by the
     undersigned hereunto duly authorized.

     Date:  September 29, 2003     By  /s/ RAYMOND V. DAMADIAN,
                                       Raymond V. Damadian. President

     INSTRUCTION:  The form may be signed by an executive officer of
     the registrant or by any other duly authorized representative.
     The name and title of the person signing the form shall be typed
     or printed beneath the signature.  If the statement is signed on
     behalf of the registrant by an authorized representative (other
     than an executive officer), evidence of the representative's
     authority to sign on behalf of the registrant shall be filed with
     the form.

                                 ATTENTION
     INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
                 CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).

                            GENERAL INSTRUCTIONS

     1.  This form is required by Rule 12b-25 (17 CFR 240.12b-25) of
         the General Rules and Regulations under the Securities
         Exchange Act of 1934.

     2.  One signed original and four conformed copies of this form and
     amendments thereto must be completed and filed with the
     Securities and Exchange Commission, Washington, D.C. 20549, in
     accordance with Rule 0-3 of the General Rules and Regulations
     under the Act.  The information contained in or filed with the
     form will be made a matter of public record in the Commission
     files.

     3.  A manually signed copy of the form and amendments thereto
     shall be filed with each national securities exchange on which
     any class of securities of the registrant is registered.

     4.  Amendments to the notifications must also be filed on form
     12b-25 but need not restate information that has been
     correctly furnished.  The form shall be clearly identified as
     an amended notification.

     5.  Electronic Filers.  This form shall not be used by electronic
     filers unable to timely file a report solely due to electronic
     difficulties.  Filers unable to submit a report within the
     time period prescribed due to difficulties in electronic
     filing should comply with either Rule 201 or Rule 202 of
     Regulation S-T (section 232.201 or section 232.202 of this
     chapter) or apply for an adjustment in filing date pursuant to
     Rule 13(b) of Regulation S-T (section 232.13(b) of this
     chapter).