Post-effective amendment to a registration statement that is not immediately effective upon filing

Long-Term Debt (Tables)

v3.22.2.2
Long-Term Debt (Tables) - P3 Health Partners Inc.
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Schedule of rollforward the long-term debt balances

Successor

    

LTD-A

    

LTD-C

    

LTD-D

    

LTD-E

    

Total

Balance at December 31, 2021

$

$

15,000,000

$

65,000,000

$

46,101

$

80,046,101

Issued in 2022

 

 

 

 

 

Principal Payments in 2022

 

 

 

 

(46,101)

 

(46,101)

Balance at June 30, 2022

$

$

15,000,000

$

65,000,000

$

$

80,000,000

Predecessor

    

LTD-A

    

LTD-C

    

LTD-D

    

LTD-E

    

Totals

Balance at December 31, 2019

$

1,516,598

$

15,000,000

$

$

$

16,516,598

Issued in 2020

 

 

 

40,000,000

 

180,000

40,180,000

Principal Payments in 2020

 

(1,516,598)

 

 

 

(43,911)

(1,560,509)

Balance at December 31, 2020

 

 

15,000,000

 

40,000,000

 

136,089

55,136,089

Issued in 2021

 

 

 

25,000,000

 

25,000,000

Principal Payments in 2021

 

 

 

 

(82,563)

(82,563)

Balance at December 2, 2021

 

$

 

$

15,000,000

 

$

65,000,000

 

$

53,526

$

80,053,526

Successor

    

LTD-A

    

LTD-C

    

LTD-D

    

LTD-E

    

Totals

Balance at December 3, 2021(1)

$

$

15,000,000

$

65,000,000

$

53,526

$

80,053,526

Issued in 2021

Principal Payments in 2021

(7,425)

(7,425)

Balance at December 31, 2021

$

$

15,000,000

$

65,000,000

$

46,101

$

80,046,101

1) Represents the opening balance of goodwill as of December 3, 2021 due to the Business Combination
Schedule of long tern debt fiscal maturity disclosures

    

    

Interest

    

Total Cash

    

Principal

    

PIK

    

Cash Interest

    

Payments*

July 1, 2022 to December 31, 2022

$

$

2,660,461

$

2,788,374

$

2,788,374

2023

 

 

5,624,513

 

5,675,461

 

5,675,461

2024

 

 

6,061,814

 

5,882,309

 

5,882,309

2025

 

65,000,000

 

6,274,526

 

19,518,225

 

84,518,225

2026

 

15,000,000

 

1,851,284

 

20,054,451

 

35,054,451

Total

$

80,000,000

$

22,472,598

$

53,918,820

$

133,918,820

*    Total Payments Cash and Non-Cash (PIK)

    

    

Interest

    

Total Cash

Principal

PIK

    

Cash Interest

Payments*

2022

$

46,101

$

5,225,890

$

5,479,398

$

5,525,499

2023

 

 

5,624,513

5,675,461

 

5,675,461

2024

 

 

6,061,814

5,882,309

 

5,882,309

2025

 

65,000,000

 

6,274,526

19,518,225

 

84,518,225

2026

 

15,000,000

 

1,851,284

20,054,451

 

35,054,451

Total

$

80,046,101

$

25,038,027

$

56,609,844

$

136,655,945

*

Total Cash Payments consist of principal and cash interest.

Schedule of total payments cash and non-Cash of interest

    

Successor

    

June 30, 2022

    

December 31, 2021

Total Principal

$

80,000,000

$

80,046,101

Less: Current Portion of Long-Term Debt

 

 

(46,101)

Long Term Debt

$

80,000,000

$

80,000,000

    

Successor

Predecessor

    

December 31, 2021

  

  

December 31, 2020

Total Principal

    

$

80,046,101

$

55,136,089

Less: Current Portion of Long-Term Debt

 

(46,101)

(89,988)

Less: Loan Origination Fees

 

(3,566,718)

Add: Accumulated Amortization of Loan Origination Fees

 

80,237

Less: Discount for Issuance of Class D Warrants

 

(6,316,605)

Add: Accumulated Amortization of Discount

 

144,971

Long Term Debt

$

80,000,000

$

45,387,986

Schedule of short term debt

Third quarter 2022

    

$

1,178,229

Total

$

1,178,229

First quarter 2022

    

$

1,178,344

Second quarter 2022

 

1,235,955

Third quarter 2022

 

1,164,262

Total

$

3,578,561