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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total revenue $ 433,982,000 $ 314,967,000 $ 798,321,000 $ 618,698,000
Costs and expenses        
Cost of revenue [1] 404,589,000 291,399,000 759,537,000 569,933,000
General and administrative expenses [2] 36,738,000 23,915,000 65,015,000 47,633,000
Transaction expenses 664,000 3,312,000 1,016,000 5,282,000
Total costs and expenses 441,991,000 318,626,000 825,568,000 622,848,000
Loss from operations (8,009,000) (3,659,000) (27,247,000) (4,150,000)
Other income (expense)        
Interest expense (1,833,000) (1,551,000) (3,596,000) (2,968,000)
Interest income 1,025,000 68,000 1,818,000 126,000
Other (expense) income, net 5,547,000 (4,846,000) 3,639,000 (4,380,000)
Loss before income taxes, equity loss in affiliate, and noncontrolling interest (3,270,000) (9,988,000) (25,386,000) (11,372,000)
Income tax expense (benefit) (324,000) 0 2,570,000 0
Loss before equity loss in affiliate and noncontrolling interest (2,946,000) (9,988,000) (27,956,000) (11,372,000)
Equity in loss of affiliate (179,000) (118,000) (130,000) (219,000)
Net loss before noncontrolling interest (3,125,000) (10,107,000) (28,086,000) (11,591,000)
Net loss attributable to noncontrolling interest (334,000) 0 (291,000) 0
Net loss before redeemable noncontrolling interest (2,791,000) (10,107,000) (27,795,000) (11,591,000)
Net loss and noncontrolling interest attributable to Legacy AON Stockholders prior to the reverse recapitalization 0 (10,107,000) 0 (11,591,000)
Net loss attributable to redeemable noncontrolling interest (6,412,000) 0 (23,575,000) 0
Net loss attributable to Class A Common Stockholders, Basic 3,620,639 0 (4,220,410) 0
Net loss attributable to Class A Common Stockholders, Diluted $ 3,620,639 $ 0 $ (4,220,410) $ 0
Income (loss) per share of Class A Common Stock:        
Basic (in dollars per share) $ 120 $ 0 $ (740) $ 0
Diluted (in dollars per share) $ (110) $ 0 $ (840) $ 0
Weighted average shares of Class A Common Stock Outstanding:        
Basic (in shares) 11,377,407 0 9,457,518 0
Diluted (in shares) 37,089,605 0 36,430,441 0
Other comprehensive income (loss):        
Unrealized (loss) gain on marketable securities $ (167,000) $ 24,000 $ (189,000) $ 88,000
Other comprehensive (loss) gain (167,000) 24,000 (189,000) 88,000
Comprehensive loss (2,958,000) (10,083,000) (27,984,000) (11,503,000)
Other comprehensive loss attributable to Legacy AON Shareholders 0 (10,083,000) 0 (11,503,000)
Other comprehensive loss attributable to noncontrolling interests (6,528,000) 0 (23,708,000) 0
Total comprehensive income (loss) attributable to AON Inc. 3,570,000 0 (4,276,000) 0
Patient service revenue, net        
Revenue        
Total revenue 431,750,000 311,713,000 793,258,000 613,486,000
Other revenue        
Revenue        
Total revenue $ 2,232,000 $ 3,254,000 $ 5,063,000 $ 5,212,000
[1] Includes related party inventory expense of $364,664 and $253,083 and $675,541 and $500,569 for the three and six months ended June 30, 2024 and 2023, respectively.
[2] Includes related party rent of $672 and $679 and $1,378 and $1,358 for the three and six months ended June 30, 2024 and 2023, respectively.