Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.23.1
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2023
Variable Interest Entities  
Summary of Balance Sheet and Income Statement of VIEs
Since P3 LLC represents substantially all the assets and liabilities of the Company, the following tables provide a summary of the assets, liabilities, and operating performance of only VIEs held at the P3 LLC level.
March 31, 2023 December 31, 2022
(in thousands)
ASSETS
Cash $ —  $ 1,759 
Clinic fees and insurance receivables, net 639  323 
Prepaid expenses and other current assets 1,229  121 
Other receivable 13  855 
Property and equipment, net 43  44 
Other long-term assets 114  — 
Due from consolidated entities of P3 10,123  3,012 
TOTAL ASSETS 12,161  6,114 
LIABILITIES AND MEMBERS’ DEFICIT    
Accounts payable 5,725  7,800 
Accrued expenses and other current liabilities 546  262 
Accrued payroll 2,381  1,885 
Claims payable 7,087  — 
Other long-term liabilities 1,023  — 
Due to consolidated entities of P3 41,540  36,025 
TOTAL LIABILITIES 58,302  45,972 
MEMBERS’ DEFICIT (46,141) (39,858)
TOTAL LIABILITIES AND MEMBERS’ DEFICIT $ 12,161  $ 6,114 
Three Months Ended March 31,
2023 2022
(in thousands)
Revenue $ 10,839  $ 12,914 
Expense 13,675  14,920 
Net loss $ (2,836) $ (2,006)