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)