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

Variable Interest Entities (Tables)

v3.21.4
Variable Interest Entities (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Variable Interest Entities    
Summary of balance sheet and income statement of VIEs

​

​

​

​

​

​

​

​

​

    

Unaudited

    

​

    

​

 

September 30, 2021

 

December 31, 2020

ASSETS

 

​

  

 

​

  

Cash

​

$

113,265

​

$

183,836

Client Fees and Insurance Receivable, Net

​

 

307,622

​

 

335,358

Prepaid Expenses and Other Current Assets

​

 

357,222

​

 

285,363

Property, Plant and Equipment, Net

​

 

37,057

​

 

22,309

TOTAL ASSETS

​

$

815,167

​

$

826,866

​

​

​

​

​

​

​

LIABILITIES AND MEMBERS’ DEFICIT

​

 

  

​

 

  

Accounts Payable and Accrued Expenses

​

$

886,072

​

$

686,680

Accrued Payroll

​

 

1,304,083

​

 

1,019,940

Due to Consolidated Entities of P3

​

 

24,856,071

​

 

17,307,627

TOTAL LIABILITIES

​

 

27,046,226

​

 

19,014,247

​

​

​

​

​

​

​

MEMBERS’ DEFICIT

​

 

(26,231,059)

​

 

(18,187,381)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

​

$

815,167

​

$

826,866

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

Unaudited

​

 

Three Months Ended September 30, 

​

Nine Months Ended September 30, 

​

    

2021

    

2020

    

2021

    

2020

Revenue

​

$

2,239,704

​

$

2,286,505

​

$

6,924,861

​

$

5,235,351

Expenses

​

 

5,041,669

​

 

1,410,945

​

 

14,968,539

​

 

8,685,811

Net Loss

​

$

(2,801,965)

​

$

875,560

​

$

(8,043,678)

​

$

(3,450,460)

​

​

​

​

​

​

​

​

​

    

2019

    

2020

ASSETS

​

​

​

​

​

​

Cash

​

$

350,446

​

$

183,836

Client Fees and Insurance Receivable, net

​

 

510,487

​

 

335,358

Prepaid Expenses and Other Current Assets

​

 

107,020

​

 

285,363

Property, Plant and Equipment, net

​

 

13,109

​

 

22,309

TOTAL ASSETS

​

$

981,062

​

$

826,866

LIABILITIES AND MEMBERS’ DEFICIT

​

 

  

​

 

  

Accounts Payable and Accrued Expenses

​

$

317,158

​

$

686,680

Accrued Payroll

​

 

1,009,161

​

 

1,019,940

Due to Consolidated Entities of P3

​

 

13,535,053

​

 

17,307,627

TOTAL LIABILITIES

​

 

14,861,372

​

 

19,014,247

MEMBERS’ DEFICIT

​

 

(13,880,310)

​

 

(18,187,381)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

​

$

981,062

​

$

826,866

​

​

​

​

​

​

​

​

​

​

​

​

    

2018

    

2019

    

2020

Revenue

​

$

639,635

​

$

4,389,688

​

$

7,611,427

Expenses

 

​

6,612,353

 

​

12,297,280

 

​

11,918,498

Net Loss

​

$

(5,972,718)

​

$

(7,907,592)

​

$

(4,307,071)