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

Variable Interest Entities (Tables)

v3.23.1
Variable Interest Entities (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Variable Interest Entities    
Summary of Balance Sheet and Income Statement of VIEs

Since P3 LLC represents substantially all the assets and liabilities of the Company, the following tables provide a summary of the assets, liabilities, and operating performance of only VIEs held at the P3 LLC level.

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​

​

​

​

​

​

​

    

March 31, 2023

    

December 31, 2022

​

​

(in thousands)

ASSETS

 

​

  

 

​

  

Cash

​

$

—

​

$

1,759

Clinic fees and insurance receivables, net

​

 

639

​

 

323

Prepaid expenses and other current assets

​

 

1,229

​

 

121

Other receivable

​

 

13

​

 

855

Property and equipment, net

​

 

43

​

 

44

Other long-term assets

​

 

114

​

 

—

Due from consolidated entities of P3

​

 

10,123

​

 

3,012

TOTAL ASSETS

​

 

12,161

​

 

6,114

LIABILITIES AND MEMBERS’ DEFICIT

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​

 

  

Accounts payable

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5,725

​

 

7,800

Accrued expenses and other current liabilities

​

 

546

​

 

262

Accrued payroll

​

 

2,381

​

 

1,885

Claims payable

​

 

7,087

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—

Other long-term liabilities

​

 

1,023

​

 

—

Due to consolidated entities of P3

​

 

41,540

​

 

36,025

TOTAL LIABILITIES

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58,302

​

 

45,972

MEMBERS’ DEFICIT

​

 

(46,141)

​

 

(39,858)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

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$

12,161

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$

6,114

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​

​

​

​

​

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Three Months Ended March 31,

​

    

2023

    

2022

​

​

(in thousands)

Revenue

​

$

10,839

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$

12,914

Expense

​

 

13,675

​

 

14,920

Net loss

​

$

(2,836)

​

$

(2,006)

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​

​

​

​

​

​

​

​

​

December 31,

​

​

2022

​

2021

ASSETS

​

​

​

​

​

​

Cash

​

$

1,759

​

$

7,570

Clinic fees and insurance receivables, net

​

 

323

​

 

61

Prepaid expenses and other current assets

​

 

121

​

 

407

Other receivable

​

​

855

​

​

—

Property and equipment, net

​

 

44

​

 

36

Goodwill

​

​

—

​

​

—

Due from consolidated entities of P3

​

​

3,012

​

​

—

Investment in other P3 entities

​

​

—

​

​

6,000

TOTAL ASSETS

​

$

6,114

​

$

14,074

LIABILITIES AND MEMBERS’ DEFICIT

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​

​

 

​

Accounts payable

​

$

7,800

​

$

4,779

Accrued expenses and other current liabilities

​

​

262

​

​

26

Accrued payroll

​

 

1,885

​

 

1,303

Due to consolidated entities of P3

​

 

36,025

​

 

24,111

TOTAL LIABILITIES

​

 

45,972

​

 

30,219

MEMBERS’ DEFICIT

​

 

(39,858)

​

 

(16,145)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

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$

6,114

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$

14,074

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​

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​

​

​

​

​

​

​

​

Successor

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​

Predecessor

​

​

Year Ended

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December 3, 2021

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January 1, 2021

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​

December 31,

​

through December 31,

​

​

through December 2,

​

    

2022

    

2021

  

  

2021

Revenue

​

$

55,237

​

$

844

​

​

$

7,580

Expenses

 

​

69,638

​

​

1,203

​

 

​

12,293

Net loss

​

$

(14,401)

​

$

(359)

​

​

$

(4,713)