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

CONSOLIDATED BALANCE SHEETS

v3.21.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:                    
Cash $ 4,336,565     $ 36,261,104     $ 32,592,496      
Restricted Cash 346,299     3,641,843     312,352      
Health Plan Settlement Receivables 45,847,310     38,429,833     17,455,547      
Clinic Fees and Insurance Receivables, Net 423,885     675,954     510,486      
Other Receivables 343,583     146,117     450,796      
Prepaid Expenses and Other Current Assets 2,525,356     5,192,783     1,032,706      
TOTAL CURRENT ASSETS 53,822,998     84,347,634     52,354,383      
LONG-TERM ASSETS:                    
Property, Plant and Equipment, Net 7,921,914     6,150,587     4,019,137      
Goodwill 5,885,628     871,128     741,128      
Notes Receivable, Net 3,684,199     3,804,662     3,695,136      
Right of Use Asset 7,190,501     4,728,242     4,795,342 $ 4,795,342    
TOTAL LONG-TERM ASSETS 24,682,242     15,554,619     13,250,743      
TOTAL ASSETS 78,505,240     99,902,252     65,605,126      
CURRENT LIABILITIES:                    
Accounts Payable and Accrued Expenses 15,399,853     11,793,125     3,690,456      
Accrued Payroll 2,160,497     4,003,373     1,713,718      
Health Plans Settlements Payable 13,259,118     13,742,775     4,938,572      
Claims Payable 75,108,251     56,934,400     19,859,348      
Premium Deficiency Reserve 4,600,000     0     20,539,364      
Accrued Interest 8,004,450     4,052,406     2,204,141      
Current Portion of Long-Term Debt 68,873   $ 89,988 89,988     1,629,310      
TOTAL CURRENT LIABILITIES 118,601,042     90,616,067     54,574,909      
LONG-TERM LIABILITIES:                    
Lease Liability 6,475,923     3,634,429     4,406,029 $ 6,026,629    
Liability for Class D Warrants 18,379,870     6,316,605            
Long-Term Debt 59,358,375   $ 45,387,986 45,387,986     15,000,000      
TOTAL LONG-TERM LIABILITIES 84,214,168     55,339,020     19,406,029      
TOTAL LIABILITIES 202,815,210     145,955,087     73,980,938      
Class D Units Subject to Possible Redemption, 16,130,034 Units Net of Issuance Costs $2,958,446, Plus Preferred Returns of $515,068 and $4,567,346 for 2019 and 2020, Respectively 54,936,716     51,608,900     47,556,622      
MEMBERS' DEFICIT:                    
Contributed Capital 41,764,270     41,764,270     41,764,270      
Class A Preferred Returns 6,594,660     3,815,034     430,230      
Accumulated Equity-Based Compensation 2,747,960     1,368,567     921,092      
Redemption of Profits Interests (180,000)     (180,000)            
Accumulated Loss from Controlling Interests (203,942,517)     (126,242,225)     (85,167,716)      
MEMBERS' DEFICIT (153,015,627)     (79,474,354)     (42,052,124)      
Retained Loss from Non-Controlling Interests (26,231,059)     (18,187,381)     (13,880,310)      
TOTAL MEMBERS' DEFICIT (179,246,686) $ (146,395,455)   (97,661,735) $ (84,110,848) $ (69,173,164) (55,932,434)   $ (13,868,589) $ 2,208,298
TOTAL LIABILITIES and MEMBERS' DEFICIT $ 78,505,240     $ 99,902,252     $ 65,605,126