Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.23.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Income Taxes  
Schedule of components of loss before taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Successor

  

  

Predecessor

​

​

Year Ended

​

December 3, 2021

​

​

January 1, 2021

​

​

December 31,

​

through December 31,

​

​

through December 2,

​

​

2022

    

2021

​

​

2021

Domestic

​

$

(1,559,695)

​

$

(57,938)

​

​

$

(146,400)

Foreign

​

 

—

​

 

—

​

​

 

—

Total

​

$

(1,559,695)

​

$

(57,938)

​

​

$

(146,400)

​

Schedule of components of income tax expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Successor

​

​

Predecessor

​

​

Year Ended

​

December 3, 2021

​

​

January 1, 2021

​

    

December 31,

  

through December 31,

​

​

through December 2,

​

    

2022

    

2021

  

  

2021

Current income taxes:

​

​

​

​

​

​

​

​

​

​

Federal

​

$

111

​

$

—

​

​

$

—

State

​

​

1,751

​

​

—

​

​

​

—

Total current income taxes

​

$

1,862

​

$

—

​

​

$

—

Deferred income taxes:

​

​

​

​

​

​

​

​

​

​

Federal

​

​

—

​

​

—

​

​

​

—

State

​

​

—

​

​

—

​

​

​

—

Total deferred income taxes

​

​

—

​

​

—

​

​

​

—

Total income tax expense

​

$

1,862

​

$

—

​

​

$

—

​

Schedule of reconciliation between the income tax provision computed by applying the statutory federal rate and the actual provision

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Successor

​

​

Predecessor

​

​

Year Ended

​

December 3, 2021

​

​

January 1, 2021

​

​

​

December 31,

​

through December 31,

​

​

through December 2,

​

​

​

2022

  

2021

  

  

2021

​

Tax at federal statutory rate

​

$

(327,536)

​

$

(12,166)

​

​

$

(30,744)

​

Non-controlling interest and nontaxable income

​

 

260,020

​

 

8,359

​

​

 

30,744

​

Change in valuation allowance

​

 

33,961

​

 

2,832

​

​

 

—

​

Investment in P3 LLC

​

 

35,147

​

 

1,550

​

​

 

—

​

Other reconciling items

​

​

270

​

​

(575)

​

​

​

—

​

Total

​

$

1,862

​

$

—

​

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

Effective tax rate

​

 

(0.1)

%  

 

—

%  

​

 

—

%

​

Schedule of deferred income tax assets and liabilities

​

​

​

​

​

​

​

​

​

​

December 31, 

​

​

2022

    

2021

Deferred tax assets:

 

​

​

 

​

​

Investment in P3 LLC

​

$

20,684

​

$

—

Net operating loss carryforwards

​

 

17,601

​

 

6,922

Accrued liabilities

​

​

2,764

​

​

3,307

Goodwill and identifiable intangible assets

​

​

589

​

​

—

Section 163j interest limitation

​

 

1,995

​

 

1,232

Other deferred tax assets

​

 

94

​

 

3

Total deferred tax assets

​

 

43,727

​

 

11,464

Less: valuation allowance

​

 

(43,558)

​

 

(9,621)

Net deferred tax assets

​

 

169

​

 

1,843

Deferred tax liabilities:

​

 

​

​

 

​

Other deferred tax liabilities

​

​

(150)

​

​

(87)

Operating lease, right-of-use assets

​

​

(19)

​

​

—

Goodwill and identifiable intangible assets

​

 

—

​

 

(1,756)

Total deferred tax liabilities

​

 

(169)

​

 

(1,843)

Net deferred tax asset

​

$

—

​

$

—

​