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

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.

    

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

 

  

 

  

Accounts payable

 

5,725

 

7,800

Accrued expenses and other current liabilities

 

546

 

262

Accrued payroll

 

2,381

 

1,885

Claims payable

 

7,087

 

Other long-term liabilities

 

1,023

 

Due to consolidated entities of P3

 

41,540

 

36,025

TOTAL LIABILITIES

 

58,302

 

45,972

MEMBERS’ DEFICIT

 

(46,141)

 

(39,858)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

$

12,161

$

6,114

    

Three Months Ended March 31,

    

2023

    

2022

(in thousands)

Revenue

$

10,839

$

12,914

Expense

 

13,675

 

14,920

Net loss

$

(2,836)

$

(2,006)

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

 

 

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

$

6,114

$

14,074

Successor

Predecessor

Year Ended

December 3, 2021

January 1, 2021

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)