Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.22.2.2
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2022
Variable Interest Entities  
Summary of balance sheet and income statement of VIEs

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Successor

ASSETS

    

June 30, 2022

    

December 31, 2021

Cash

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$

8,589,392

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$

7,570,247

Client Fees and Insurance Receivable, net

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22,025

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60,815

Prepaid Expenses and Other Current Assets

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513,781

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406,372

Property, Plant and Equipment, net

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45,134

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36,416

Investment in Other P3 Entities

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6,000,000

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6,000,000

TOTAL ASSETS

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15,170,332

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14,073,850

LIABILITIES AND MEMBERS’ DEFICIT

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Accounts Payable and Accrued Expenses

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6,677,891

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4,804,704

Accrued Payroll

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1,143,976

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1,303,615

Due to Consolidated Entities of P3

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28,601,805

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24,110,831

TOTAL LIABILITIES

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36,423,672

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30,219,150

MEMBERS’ DEFICIT

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(21,253,340)

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(16,145,300)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

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$

15,170,332

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$

14,073,850

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Successor

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Predecessor

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Three Months Ended

    

Three Months Ended

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June 30, 2022

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June 30, 2021

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(As Restated)

Revenue

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$

12,955,029

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$

2,081,167

Expenses

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16,057,134

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1,870,227

Net Loss

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$

(3,102,105)

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$

210,940

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Successor

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Predecessor

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Six Months Ended

    

Six Months Ended

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June 30, 2022

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June 30, 2021

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(As Restated)

Revenue

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$

25,868,574

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$

4,119,517

Expenses

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30,976,614

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7,190,869

Net Loss

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$

(5,108,040)

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$

(3,071,352)