Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities (Details)

v3.22.2.2
Variable Interest Entities (Details) - USD ($)
 3 Months Ended
Dec. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2020
Variable Interest Entity [Line Items]        
Financial Designation, Predecessor and Successor [Fixed List] Successor Successor Predecessor  
ASSETS        
Cash $ 140,477,586 $ 110,345,801 $ 22,341,413  
Client Fees and Insurance Receivable, net 1,090,104 767,396    
Prepaid Expenses and Other Current Assets 6,959,067 6,743,525    
Property, Plant and Equipment, net 8,047,929 8,328,737    
TOTAL ASSETS [1] 2,364,108,460 2,356,640,211    
LIABILITIES AND MEMBERS' DEFICIT        
Accounts Payable and Accrued Expenses 17,730,683 21,726,910    
Accrued Payroll 6,304,362 7,686,205    
TOTAL LIABILITIES [1] 299,939,734 341,550,256    
MEMBERS' DEFICIT 273,551,441 262,973,992 (154,407,902) $ (130,217,705)
TOTAL LIABILITIES AND MEMBERS' DEFICIT 2,364,108,460 2,356,640,211    
Revenue   273,544,334 151,297,940  
Expenses   325,712,062 164,286,370  
Net Loss   (60,790,254) (24,650,712)  
VIE        
ASSETS        
Cash 7,570,247 8,628,115    
Client Fees and Insurance Receivable, net 60,815 29,571    
Prepaid Expenses and Other Current Assets 406,372 475,754    
Property, Plant and Equipment, net 36,416 45,775    
Investment in Other P3 Entities 6,000,000 6,000,000    
TOTAL ASSETS 14,073,850 15,179,215    
LIABILITIES AND MEMBERS' DEFICIT        
Accounts Payable and Accrued Expenses 4,804,704 6,225,689    
Accrued Payroll 1,303,615 1,593,065    
Due to Consolidated Entities of P3 24,110,831 25,511,795    
TOTAL LIABILITIES 30,219,150 33,330,549    
MEMBERS' DEFICIT (16,145,300) (18,151,334)    
TOTAL LIABILITIES AND MEMBERS' DEFICIT $ 14,073,850 15,179,215    
Revenue   12,913,545 2,038,350  
Expenses   14,919,480 5,320,642  
Net Loss   $ (2,005,935) $ (3,282,292)  
[1] The Company's condensed consolidated balance sheets include the assets and liabilities of its consolidated variable interest entities ("VIEs"). As discussed in Note 25: Variable Interest Entities, P3 LLC is itself a VIE. P3 LLC represents substantially all the assets and liabilities of the Company. As a result, the language and numbers below refer only to VIEs held at the P3 LLC level. The condensed consolidated balance sheets include total assets that can be used only to settle obligations of P3 LLC's VIEs totaling $9.2 million and $8.1 million as of March 31, 2022, and December 31, 2021, respectively, and total liabilities of the P3 LLC's consolidated VIEs for which creditors do not have recourse to the general credit of the Company totaled $7.8 million and $6.1 million as of March 31, 2022, and December 31, 2021, respectively. These VIE assets and liabilities do not include $6.0 million of investment in affiliates as of March 31, 2022, and December 31, 2021, and $25.5 million and $24.1 million of amounts due to affiliates as of March 31, 2022, and December 31, 2021, respectively, as these are eliminated in consolidation and not presented within the condensed consolidated balance sheets. See Note 25 "Variable Interest Entities."