Annual report pursuant to Section 13 and 15(d)

Variable Interest Entities (Tables)

v3.22.2.2
Variable Interest Entities (Tables)
12 Months Ended
Dec. 31, 2021
Variable Interest Entities  
Summary of balance sheet and income statement of VIEs

Successor

Predecessor

    

  

  

2020

2021

(As Restated)

ASSETS

Cash

$

7,570,247

$

183,836

Client Fees and Insurance Receivable, net

 

60,815

 

335,358

Prepaid Expenses and Other Current Assets

 

406,372

 

285,363

Property and Equipment, net

 

36,416

 

22,309

Investment in Other P3 Entities

6,000,000

TOTAL ASSETS

$

14,073,850

$

826,866

LIABILITIES AND MEMBERS’ DEFICIT

 

  

 

  

Accounts Payable and Accrued Expenses

$

4,804,704

$

686,680

Accrued Payroll

 

1,303,615

 

1,019,940

Due to Consolidated Entities of P3

 

24,110,831

 

19,354,259

TOTAL LIABILITIES

 

30,219,150

 

21,060,879

MEMBERS’ DEFICIT

 

(16,145,300)

 

(20,234,013)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

$

14,073,850

$

826,866

Successor

Predecessor

December 3, 2021

January 1, 2021

Year Ended

Year Ended

through December 31,

through December 2,

December 31, 2020

December 31, 2019

    

2021

  

  

2021

    

(As Restated)

    

(As Restated)

Revenue

$

843,747

$

7,580,124

$

7,611,427

$

4,389,688

Expenses

 

1,202,951

12,293,365

 

13,100,138

 

13,035,788

Net Loss

$

(359,204)

$

(4,713,241)

$

(5,488,711)

$

(8,646,100)