Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Tables)

v3.22.2.2
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2022
Variable Interest Entities  
Summary of balance sheet and income statement of VIEs

Successor

ASSETS

    

June 30, 2022

    

December 31, 2021

Cash

$

8,589,392

$

7,570,247

Client Fees and Insurance Receivable, net

 

22,025

 

60,815

Prepaid Expenses and Other Current Assets

 

513,781

 

406,372

Property, Plant and Equipment, net

 

45,134

 

36,416

Investment in Other P3 Entities

 

6,000,000

 

6,000,000

TOTAL ASSETS

 

15,170,332

 

14,073,850

LIABILITIES AND MEMBERS’ DEFICIT

 

  

 

  

Accounts Payable and Accrued Expenses

 

6,677,891

 

4,804,704

Accrued Payroll

 

1,143,976

 

1,303,615

Due to Consolidated Entities of P3

 

28,601,805

 

24,110,831

TOTAL LIABILITIES

 

36,423,672

 

30,219,150

MEMBERS’ DEFICIT

 

(21,253,340)

 

(16,145,300)

TOTAL LIABILITIES AND MEMBERS’ DEFICIT

$

15,170,332

$

14,073,850

Successor

Predecessor

    

Three Months Ended

    

Three Months Ended

June 30, 2022

June 30, 2021

(As Restated)

Revenue

$

12,955,029

$

2,081,167

Expenses

 

16,057,134

 

1,870,227

Net Loss

$

(3,102,105)

$

210,940

Successor

Predecessor

    

Six Months Ended

    

Six Months Ended

June 30, 2022

June 30, 2021

(As Restated)

Revenue

$

25,868,574

$

4,119,517

Expenses

 

30,976,614

 

7,190,869

Net Loss

$

(5,108,040)

$

(3,071,352)