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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  FORM 10-KSB/A



(Mark One)
[X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934  For the fiscal year ended June 30, 2007.

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
         ACT OF 1934  For the transition period from ___________ to ___________.

         Commission file number 0-12697

                             DYNATRONICS CORPORATION
                 (Name of small business issuer in its charter)

           Utah                                         87-0398434
   ------------------------                       ----------------------
(State or other jurisdiction               (I.R.S. Employer Identification No.)
of incorporation or organization)

                             7030 Park Centre Drive
                         Salt Lake City, Utah 84121-6618
                         -------------------------------
               (Address of principal executive offices, Zip Code)

Issuer's telephone number  (801) 568-7000

Securities registered under Section 12(b) of the Exchange Act:   None

         Securities registered under Section 12(g) of the Exchange Act: Common
Stock, no par value

         Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act. Yes ___  No   X
                                                                        -----

         Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days. Yes X No

         Check if there is no disclosure of delinquent filers in response to
Item 405 of Regulation S-B contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or any amendment to this Form 10-KSB. [ x ]

         Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).
          Yes             No   X
             -------        -----

         The issuer's revenues for the fiscal year ended June 30, 2007 were
$17,837,104. The aggregate market value of the voting and non-voting common
stock held by non-affiliates of the issuer was approximately $17.6 million as of
September 17, 2007, based on the average bid and asked price on that date.

         As of September 17, 2005, there were 13.7 million shares of the
issuer's common stock outstanding.

                       Documents Incorporated by Reference

         The issuer hereby incorporates information required by Part III (Items
9, 10, 11 and 14) of this report by reference to the issuer's definitive proxy
statement to be filed pursuant to Regulation 14A and provided to shareholders
subsequent to the filing of this report.

Transitional Small Business Disclosure Format (Check one):  Yes        No  X
                                                                -----    -------




<PAGE>

                                TABLE OF CONTENTS

                                     PART I

Item 1.       Description of Business........................................1
Item 2.       Description of Property........................................7
Item 3.       Legal Proceedings..............................................8
Item 4.       Submission of Matters to a Vote of Security Holders............8

                                     PART II

Item 5.       Market for Common Equity, Related Stockholder Matters
              and Small Business Issuer Purchases of Equity Securities.......8
Item 6.       Management's Discussion and Analysis or Plan of Operation......9
Item 7.       Financial Statements.........................................F-1
Item 8.       Changes in and Disagreements with Accountants on
              Accounting and Financial Disclosure...........................17
Item 8A.      Controls and Procedures.......................................17
Item 8B.      Other Information.............................................17

                                    PART III

Item 9.       Directors and Executive Officers of the Registrant............17
Item 10.      Executive Compensation........................................17
Item 11.      Security Ownership of Certain Beneficial Owners and
              Management and Related Stockholder Matters....................17
Item 12.      Certain Relationships and Related Transactions................17
Item 13.      Exhibits......................................................17
Item 14.      Principal Accountant Fees and Services........................19
Signatures    ..............................................................20
Certifications  ............................................................21

Unless the context otherwise requires, all references in this report to "we,"
"us," "our," "Dynatronics" or the "Company" include Dynatronics Corporation, a
Utah corporation.

                                Explanatory Note

This amendment is filed solely for the purpose of filing the opinion of the
Company's auditor accompanying the Company's consolidated audited financial
statements forming a part of the report, which was inadvertently omitted from
the original filing on September 28, 2007.




<PAGE>


           REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors of
Dynatronics Corporation

We have audited the consolidated  balance sheets of Dynatronics  Corporation and
subsidiary as of June 30, 2007 and 2006, and the related consolidated statements
of operations,  stockholders'  equity,  and cash flows for the years then ended.
These consolidated  financial statements are the responsibility of the Company's
management.  Our  responsibility is to express an opinion on these  consolidated
financial statements based on our audits.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and  perform  the  audits to  obtain  reasonable  assurance  about  whether  the
financial statements are free of material  misstatement.  We were not engaged to
perform an audit of the Company's internal control over financial reporting. Our
audit included  consideration of internal control over financial  reporting as a
basis for designing audit procedures that are appropriate in the  circumstances,
but not for the purpose of  expressing  an opinion on the  effectiveness  of the
Company's internal control over financial reporting.  Accordingly, we express no
such opinion. An audit includes examining,  on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated  financial statements referred to above present
fairly,  in all  material  respects,  the  consolidated  financial  position  of
Dynatronics  Corporation  and  subsidiary as of June 30, 2007 and 2006,  and the
consolidated results of their operations and their cash flows for the years then
ended in conformity with accounting  principles generally accepted in the United
States of America.



/s/ Tanner LC

Salt Lake City, Utah
September 28, 2007


<PAGE>

                                   SIGNATURES


         In  accordance  with  Section  13 or 15(d)  of the  Exchange  Act,  the
registrant  caused  this  amended  report  to be  signed  on its  behalf  by the
undersigned, thereunto duly authorized.


                                           DYNATRONICS CORPORATION


                                           By  /s/ Kelvyn H. Cullimore, Jr.
                                           ---------------------------------
                                           Kelvyn H. Cullimore, Jr.
                                           Chief Executive Officer and President

Date:  October 1, 2007













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