Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

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Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024 December 31, 2023
(in thousands)
ASSETS
Cash $ 7,547  $ 6,491 
Clinic fees, insurance and other receivable 1,046  138 
Health plan receivable 572  571 
Prepaid expenses and other current assets 1,191  1,261 
Property and equipment, net 33  23 
Other long-term assets 140  153 
TOTAL ASSETS $ 10,529  $ 8,637 
LIABILITIES AND MEMBERS’ DEFICIT
Accounts payable $ 4,946  $ 5,073 
Accrued expenses and other current liabilities 746  515 
Accrued payroll 3,508  3,141 
Claims payable 4,767  3,973 
Other long-term liabilities 939  946 
Due to consolidated entities of P3 44,609  44,200 
TOTAL LIABILITIES 59,515  57,848
MEMBERS’ DEFICIT (48,986) (49,211)
TOTAL LIABILITIES AND MEMBERS’ DEFICIT $ 10,529  $ 8,637 
Three Months Ended March 31,
2024 2023
(in thousands)
Revenue $ 9,764  $ 10,839 
Expense 9,897  13,675 
Net loss $ (133) $ (2,836)