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

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​

​

 

  

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

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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)