General form of registration statement for all companies including face-amount certificate companies

CONSOLIDATED BALANCE SHEETS

v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Dec. 02, 2021
Dec. 31, 2020
Current Assets        
Unrestricted $ 17,537,000 $ 140,478,000 $ 5,301,000  
TOTAL CURRENT ASSETS 100,692,000 199,861,000    
TOTAL ASSETS [1] 876,571,000 2,364,109,000    
Current liabilities        
TOTAL CURRENT LIABILITIES 241,664,000 198,773,000    
TOTAL LIABILITIES [1] 353,912,000 299,940,000    
Commitments (Note 6)    
Stockholders' (Deficit) Equity        
Additional paid-in capital 315,375,000 312,946,000    
Accumulated deficit (309,545,000) (39,418,000)    
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY 876,571,000 2,364,109,000    
Foresight Acquisition Corp        
Current Assets        
Unrestricted     100,935 $ 179,512
Prepaid expenses     355,188  
TOTAL CURRENT ASSETS     456,123 179,512
Deferred offering costs       215,448
Cash and securities held in Trust Account     316,267,136  
TOTAL ASSETS     316,723,259 394,960
Current liabilities        
Accrued expenses     21,284,300 2,286
Accrued offering costs     15,450 94,960
Advance from related parties     150,000  
Promissory note - related party       275,000
TOTAL CURRENT LIABILITIES     21,449,750 372,246
Warrant liabilities     13,213,259  
TOTAL LIABILITIES     34,663,009 372,246
Commitments (Note 6)    
Stockholders' (Deficit) Equity        
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding    
Additional paid-in capital       24,209
Accumulated deficit     (34,190,624) (2,286)
Total Stockholders' (Deficit) Equity     (34,189,750) 22,714
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY     316,723,259 394,960
Class A common        
Stockholders' (Deficit) Equity        
Common stock $ 4,000 $ 4,000    
Class A common | Foresight Acquisition Corp        
Stockholders' (Deficit) Equity        
Common stock     874  
Class A Common Stock subject to possible redemption | Foresight Acquisition Corp        
Current liabilities        
Class A common stock subject to possible redemption, 31,625,000 and no shares at redemption value as of December 2, 2021 and December 31, 2020, respectively     $ 316,250,000  
Common Class B | Foresight Acquisition Corp        
Stockholders' (Deficit) Equity        
Common stock       $ 791
[1] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities (“VIEs”). As discussed in Note 23: 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 $3.1 million and $8.1 million as of December 31, 2022 and 2021, 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 $9.9 million and $6.1 million as of December 31, 2022 and 2021, respectively. These VIE assets and liabilities do not include $33.0 million of net amounts due to affiliates as of December 31, 2022 and $6.0 million of investment in affiliates and $24.1 million of amounts due to affiliates as of December 31, 2021 as these are eliminated in consolidation and not presented within the consolidated balance sheets.