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

Leases (Tables)

v3.22.2.2
Leases (Tables) - P3 Health Partners Inc.
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Lessee, Lease, Description [Line Items]    
Summary of operating lease costs

Successor

    

Predecessor

Three Months Ended

Three Months Ended

    

June 30, 2022

    

June 30, 2021

Lease costs

    

$

735,039

    

$

563,651

Successor

    

Predecessor

Six Months Ended

Six Months Ended

June 30, 2022

    

June 30, 2021

Lease costs

$

1,473,710

$

1,051,963

Successor

Predecessor

December 3, 2021

January 1, 2021

through December 31,

through December 2,

    

2021

  

  

2021

    

2020

    

2019

Operating Lease Costs

$

262,395

$

2,294,555

$

2,018,210

$

1,592,665

Summary of lease terms and discount rates

Successor

    

Predecessor

 

Six Months Ended

Six Months Ended

 

    

June 30, 2022

    

June 30, 2021

Weighted average remaining lease term (years)

 

4.91

 

3.31

Weighted average discount rate

 

11.2

%  

10.4

%

    

Successor

Predecessor

December 31, 

December 31, 

Year Ending December 31, 

    

2021*

  

  

2020*

Weighted Average Remaining Lease Term (Years)

 

5.01

 

3.74

Weighted Average Discount Rate

 

11.1

%

10.3

%

*All Leases are Operating

Schedule of reconciliation of undiscounted future minimum lease payments

    

June 30, 2022

July 1, 2022 to December 31, 2022

$

419,351

2023

 

2,117,494

2024

 

2,716,584

2025

 

2,366,864

2026

 

1,762,184

Thereafter

 

3,973,507

Total Payments

 

13,355,984

Less: Interest

 

(2,447,475)

Present Value of Lease Liabilities

$

10,908,509

Successor

December 31, 

Year Ending December 31, 

    

2021

2022

$

2,882,304

2023

 

2,017,479

2024

 

1,804,823

2025

 

1,521,074

2026

 

976,170

Thereafter

 

1,927,098

Total Payments for Operating Leases

 

11,128,948

Less: Interest

 

(2,744,830)

Present Value of Operating Lease Liabilities

$

8,384,118

Schedule of supplemental cash flows and other information related to leases  

Successor

Predecessor

December 3, 2021

January 1, 2021

through December 31,

through December 2,

    

2021

  

  

2021

    

2020

New Assets Obtained in Exchange for Operating Lease Liabilities

$

314,242

$

4,073,448

$

882,029

Operating Cash Flows Paid for Operating Leases

255,403

2,255,905

1,843,281