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Condensed Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss [1] $ (835,145,000) $ (401,905,000) $ (33,077,000)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 263,000 424,000 343,000
Claims amortization expense 476,492,000 266,929,000 164,000
Paid in kind interest [1] 289,132,000 145,321,000 27,023,000
Allowance for credit losses 5,000,000    
Change in fair value of warrant liability (4,785,000) 2,870,000  
Gain on sale of intangibles (4,599,000)    
Gain on debt extinguishment   (63,367,000)  
Mark- to-market gain on liability payable in stock (4,431,000)    
Professional fees settled in shares 2,745,000    
Change in fair value of derivatives 181,000 9,613,000  
Non-cash lease expense 2,000    
Share based compensation 830,000 20,055,000  
Deferred income taxes   (531,000)  
PPP loan forgiveness     (1,043,000)
Realized gain on equity securities     (201,000)
Change in operating assets and liabilities:      
Accounts receivable 542,000 (6,195,000)  
Prepaid expenses and other assets 18,999,000 (27,604,000) 1,000
Affiliate receivable [1] 1,238,000 1,645,000 801,000
Affiliate payable [1]   (25,430,000) 6,225,000
Accounts payable, commission payable and accrued liabilities 13,513,000 (2,210,000) 2,013,000
Deferred service fee income   (249,000)  
Net cash (used in) provided by operating activities (40,023,000) (80,634,000) 2,249,000
Cash flows from investing activities:      
Purchases of property and equipment (1,742,000) (2,984,000) (481,000)
Purchases of intangible assets (700,000) (2,700,000) (150,000)
Proceeds from sale of intangible assets 10,000,000    
Proceeds from sale of equity securities     4,450,000
Purchases of equity securities     (4,056,000)
Purchase of securities to cover short position     (1,770,000)
Net cash provided by (used in) investing activities 7,558,000 (5,684,000) (2,007,000)
Cash flows from financing activities:      
Proceeds from debt financing 39,000,000    
Deferred financing costs (250,000)    
Debt issuance costs (708,000)    
Proceeds from related party loan [1] 4,950,000 125,759,000  
Release of temporary equity (11,420,000)    
Repayment of the Claims financing obligation (2,555,000)    
Proceeds from Business Combination   12,009,000  
Transaction costs incurred for the Business Combination   (49,638,000) (7,973,000)
Issuance of common stock   9,188,000  
Issuance of temporary equity   2,417,000  
Contributions from members     227,000
Distributions to members     (2,711,000)
Net cash provided by (used in) financing activities 29,017,000 99,735,000 (10,457,000)
(Decrease) increase in cash and restricted cash (3,448,000) 13,417,000 (10,215,000)
Cash and restricted cash at beginning of year 15,081,000 1,664,000 11,879,000
Cash and restricted cash at end of period 11,633,000 15,081,000 1,664,000
Supplemental disclosure of non-cash investing and financing activities:      
Sale of intangible assets 30,897,000    
Purchase of intangible asset financed by note payable 250,000,000   83,805,000
Release of temporary equity 1,807,000    
Original issue discount 20,167,000    
Purchase of intangible asset through issuance of Class A common stock 833,000 10,963,000  
Purchase of intangible asset in accrued expenses   51,167,000  
Payment of professional fees through issuance of Class A common stock 4,745,000 1,618,000  
Transaction costs incurred included in accounts payable   $ 29,681,000  
Non-cash lease liabilities arising from obtaining right-of-use assets 376,000    
Payment of Cano Health payment in shares 61,690,000    
Warrant conversions on a cashless basis 258,000    
Cash paid during the period for:      
Interest $ 37,000   $ 23,000
[1] Balances include related party transactions. See Note 15, Related Party Transactions, for further details.