Company: PIII
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001628280-25-015305
Chunk: 165

Company: P3 Health Partners Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 165
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$617 $7,222 Operating lease liabilities and right-of-use assets reduced due to lease modification or termination$(92)$— Increase in accrued expenses related to debt issuance costs and original issue discount$307 $212 Increase in accounts payable related to private placement offering costs$686 $12 Increase in accounts payable related to at-the-market offering costs$— $19 Increase in accrued expenses related to at-the-market offering costs$— $206 Increase in other receivable related to at-the-market sales proceeds$— $33 Restricted stock unit awards issued in satisfaction of executive transaction bonuses$— $5,000 Remeasurement adjustment to redeemable noncontrolling interest resulting from ownership changes$(22,831)$(117,860)Fair value adjustment to redeemable noncontrolling interest$(20,579)$20,579 Warrants issued in connection with new debt$12,127 $— Reconciliation of cash and restricted cash:Cash$38,816 $36,320 Restricted cash5,286 4,614 Total cash and restricted cash$44,102 $40,934 

See accompanying notes to consolidated financial statements.

P3 Health Partners Inc. | 2024 Form 10-K | 83

P3 HEALTH PARTNERS INC. and SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1: Organization85Note 2: Going Concern and Liquidity85Note 3: Significant Accounting Policies86Note 4: Recent Accounting Pronouncements93Note 5: Fair Value Measurements and Hierarchy95Note 6: Property and Equipment96Note 7: Intangible Assets97Note 8: Claims Payable98Note 9: Retirement Plan98Note 10: Debt98Note 11: Income Taxes101Note 12: Warrants105Note 13: Commitments and Contingencies107Note 14: Capitalization108Note 15: Equity-Based Compensation110Note 16: Net Loss per Share115Note 17: Redeemable Non-controlling Interest115Note 18: Segment Reporting116Note 19: Related Parties117Note 20: Variable Interest Entities118Note 21: Subsequent Events119

P3 Health Partners Inc. | 2024 Form 10-K | 84

Note 1: OrganizationP3 Health Partners Inc. (“P3”) is a patient-centered and physician-led population health management company and, for