Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.22.2.2
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2022
Variable Interest Entities  
Summary of balance sheet and income statement of VIEs

    

Successor

ASSETS

March 31, 2022

    

December 31, 2021

Cash

$

8,628,115

$

7,570,247

Client Fees and Insurance Receivable, net

 

29,571

 

60,815

Prepaid Expenses and Other Current Assets

 

475,754

 

406,372

Property, Plant and Equipment, net

 

45,775

 

36,416

Investment in Other P3 Entities

 

6,000,000

 

6,000,000

TOTAL ASSETS

 

15,179,215

 

14,073,850

LIABILITIES AND MEMBERS’ DEFICIT

 

  

 

  

Accounts Payable and Accrued Expenses

 

6,225,689

 

4,804,704

Accrued Payroll

 

1,593,065

 

1,303,615

Due to Consolidated Entities of P3

 

25,511,795

 

24,110,831

TOTAL LIABILITIES

 

33,330,549

 

30,219,150

MEMBERS’ DEFICIT

 

(18,151,334)

 

(16,145,300)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

$

15,179,215

$

14,073,850

    

Successor

    

Predecessor

Three Months Ended

Three Months Ended

March 31, 2022

March 31, 2021

(As Restated)

Revenue

$

12,913,545

$

2,038,350

Expenses

 

14,919,480

 

5,320,642

Net Loss

$

(2,005,935)

$

(3,282,292)