Post-effective amendment to a registration statement that is not immediately effective upon filing

Variable Interest Entities (Details)

v3.22.2.2
Variable Interest Entities (Details) - USD ($)
 1 Months Ended 3 Months Ended 6 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 02, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
ASSETS                      
Cash               $ 100,935 $ 179,512    
TOTAL ASSETS               316,723,259 394,960    
LIABILITIES AND MEMBERS' DEFICIT                      
TOTAL LIABILITIES               34,663,009 372,246    
TOTAL LIABILITIES AND MEMBERS' DEFICIT               $ 316,723,259 $ 394,960    
P3 Health Partners Inc.                      
Variable Interest Entity [Line Items]                      
Financial Designation, Predecessor and Successor [Fixed List] Successor Successor Successor Predecessor Predecessor Successor Predecessor Predecessor Predecessor Predecessor  
ASSETS                      
Cash $ 140,477,586 $ 140,477,586 $ 63,145,379 $ 16,322,893   $ 63,145,379 $ 16,322,893 $ 5,300,842 $ 36,261,104 $ 32,592,496  
Client Fees and Insurance Receivable, net 1,090,104 1,090,104 1,931,291     1,931,291     675,954    
Prepaid Expenses and Other Current Assets 6,959,067 6,959,067 5,080,149     5,080,149     5,192,782    
Property and Equipment, Net 8,047,929 8,047,929 8,292,965     8,292,965     6,150,587    
TOTAL ASSETS 2,364,108,460 [1],[2] 2,364,108,460 [1],[2] 1,444,209,840 [1]     1,444,209,840 [1]     106,435,206 [2]    
LIABILITIES AND MEMBERS' DEFICIT                      
Accounts Payable and Accrued Expenses 17,730,683 17,730,683 20,693,070     20,693,070     11,793,125    
Accrued Payroll 6,304,362 6,304,362 3,263,338     3,263,338     4,003,373    
TOTAL LIABILITIES 299,939,734 [1],[2] 299,939,734 [1],[2] 328,509,840 [1]     328,509,840 [1]     145,955,087 [2]    
MEMBERS' DEFICIT 273,551,441 273,551,441 108,624,475 (183,308,520) $ (154,407,902) 108,624,475 (183,308,520) (272,916,391) (130,217,705) (99,073,637) $ (55,684,119)
TOTAL LIABILITIES AND MEMBERS' DEFICIT 2,364,108,460 2,364,108,460 1,444,209,840     1,444,209,840     106,435,206    
Total Operating Revenue   58,762,397 269,453,971 144,586,444   542,998,305 295,884,386 578,602,418 491,063,525 145,482,112  
Expenses   117,650,063 1,181,641,128 170,557,507   1,507,353,190 334,843,877 707,660,010 519,651,203 185,017,783  
Net loss attributable to Class A common stockholders - Diluted   (57,937,929) (903,105,939) (29,464,410) $ (24,650,712) (963,896,193) (54,115,119) (146,399,938) (31,411,542) (41,971,558)  
P3 Health Partners Inc. | VIE                      
ASSETS                      
Cash 7,570,247 7,570,247 8,589,392     8,589,392     183,836    
Client Fees and Insurance Receivable, net 60,815 60,815 22,025     22,025     335,358    
Prepaid Expenses and Other Current Assets 406,372 406,372 513,781     513,781     285,363    
Property and Equipment, Net 36,416 36,416 45,134     45,134     22,309    
Investment in Other P3 Entities 6,000,000 6,000,000 6,000,000     6,000,000          
TOTAL ASSETS 14,073,850 14,073,850 15,170,332     15,170,332     826,866    
LIABILITIES AND MEMBERS' DEFICIT                      
Accounts Payable and Accrued Expenses 4,804,704 4,804,704 6,677,891     6,677,891     686,680    
Accrued Payroll 1,303,615 1,303,615 1,143,976     1,143,976     1,019,940    
Due to Consolidated Entities of P3 24,110,831 24,110,831 28,601,805     28,601,805     19,354,259    
TOTAL LIABILITIES 30,219,150 30,219,150 36,423,672     36,423,672     21,060,879    
MEMBERS' DEFICIT (16,145,300) (16,145,300) (21,253,340)     (21,253,340)     (20,234,013)    
TOTAL LIABILITIES AND MEMBERS' DEFICIT $ 14,073,850 14,073,850 15,170,332     15,170,332     826,866    
Total Operating Revenue   843,747 12,955,029 2,081,167   25,868,574 4,119,517 7,580,124 7,611,427 4,389,688  
Expenses   1,202,951 16,057,134 1,870,227   30,976,614 7,190,869 12,293,365 13,100,138 13,035,788  
Net loss attributable to Class A common stockholders - Diluted   $ (359,204) $ (3,102,105) $ 210,940   $ (5,108,040) $ (3,071,352) $ (4,713,241) $ (5,488,711) $ (8,646,100)  
[1] The Company’s condensed consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 25: Variable Interest Entities, P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and numbers below refer only to VIEs held at the P3 LLC level. The condensed consolidated balance sheets include total assets that can be used only to settle obligations of the P3 LLC’s VIEs totaling $9.2 million and $8.1 million as of June 30, 2022 and December 31, 2021, respectively, and total liabilities of the P# LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $7.8 million and $6.1 million as of June 30, 2022 and December 31, 2021, respectively. These VIE assets and liabilities do not include $6.0 million of investment in affiliates as of June 30, 2022 and December 31, 2021, and $28.6 million and $24.1 million of amounts due to affiliates as of June 30, 2022 and December 31, 2021, respectively, as these are eliminated in consolidation and not presented within the condensed consolidated balance sheets. See Note 25 “Variable Interest Entities.”
[2] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 28: Variable Interest Entities, P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and numbers below refer only to VIEs held at the P3 LLC level. The consolidated balance sheets include total assets that can be used only to settle obligations of P3 LLC’s consolidated VIEs totaling $8.1 million and $0.8 million as of December 31, 2021 and December 31, 2020, respectively, and total liabilities of P3 LLC’s consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $6.1 million and $1.7 million as of December 31, 2021 and December 31, 2020, respectively. These VIE assets and liabilities do not include $6.0 million of investment in affiliates and $24.1 million of amounts due to affiliates as of December 31, 2021 and $19.4 million of amounts due to affiliates as of December 31, 2020 as these are eliminated in consolidation and not presented within the consolidated balance sheets. See Note 28 “Variable Interest Entities.”