P3 Health Partners Inc. General form of registration statement for all companies including face-amount certificate companies

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

Property and Equipment

Property and Equipment

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property and Equipment

Note 6: Property and Equipment

The Company’s property and equipment balances consisted of the following:


	March 31, 2023		December 31, 2022

	(in thousands)
Leasehold improvements	$	1,832	$	1,810
Furniture and fixtures		1,238		1,262
Computer equipment and software		3,358		3,206
Medical equipment		1,095		1,067
Software (development in process)		3,654		3,460
Vehicles		654		618
Other		365		37
		12,196		11,460
Less: accumulated depreciation		(3,249)		(2,621)
Property and equipment, net	$	8,947	$	8,839

Total depreciation of property and equipment was $0.6 million for each of the three months ended March 31, 2023 and 2022, respectively.

Note 7: Property and Equipment

The Company’s property and equipment balances consisted of the following:


	December 31,
	2022		2021
Leasehold improvements	$	1,810	$	1,537
Furniture & fixtures		1,262		1,108
Computer equipment & software		3,206		2,701
Medical equipment		1,067		414
Software (development in process)		3,460		2,433
Vehicles		618		—
Other		37		37
		11,460		8,230
Less: accumulated depreciation		(2,621)		(182)
Property and equipment, net	$	8,839	$	8,048

Total depreciation of property and equipment recognized on the consolidated statements of operations was $2.4 million, $0.2 million, and $1.5 million for the year ended December 31, 2022, the Successor Period of 2021, and the Predecessor Period of 2021, respectively.