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):  / / Form 10-K  / / Form 20-F  / / Form 11-K
      /X/ Form 10-Q  / / Form N-SAR
       For Period Ended:  September 30, 2002

      / / 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:  November 13, 2002      By  /s/ Raymond Damadian
                                       Raymond Damadian, President & Chairman

     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  just 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).