Annual report [Section 13 and 15(d), not S-K Item 405]

Variable Interest Entities (Tables)

v3.25.1
Variable Interest Entities (Tables)
12 Months Ended
Dec. 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.
December 31,
2024 2023
(in thousands)
ASSETS
Cash $ 5,216  $ 6,491 
Clinic fees, insurance and other receivable 2,440  138 
Health plan receivable —  571 
Prepaid expenses and other current assets 447  1,261 
Property and equipment, net 37  23 
Other long-term assets 1,116  153 
TOTAL ASSETS $ 9,256  $ 8,637 
LIABILITIES AND MEMBERS’ DEFICIT
Accounts payable $ 4,521  $ 5,073 
Accrued expenses and other current liabilities 677  515 
Accrued payroll 3,795  3,141 
Claims payable 5,004  3,973 
Other long-term liabilities 919  946 
Due to consolidated entities of P3 40,264  44,200 
TOTAL LIABILITIES 55,180  57,848
MEMBERS’ DEFICIT (45,924) (49,211)
TOTAL LIABILITIES AND MEMBERS’ DEFICIT $ 9,256  $ 8,637 
Year Ended December 31,
2024 2023
(in thousands)
Revenue $ 36,187  $ 39,551 
Expense 39,520  45,999 
Net loss $ (3,333) $ (6,448)