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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 19,432 $ 28,539
Short-term marketable securities 0 35,389
Patient accounts receivable, net 128,011 129,151
Inventories 49,266 44,569
Other receivables 63,153 34,274
Prepaid expenses and other current assets 9,388 4,277
Current portion of notes receivable - related parties 1,980 1,604
Total current assets 271,230 277,803
Property and equipment, net 45,321 40,439
Operating lease right-of-use assets, net [1] 45,694 43,349
Notes receivable - related parties 377 1,150
Goodwill 10,900 1,230
Intangibles, net 2,476 0
Deferred tax asset, net 0 2,894
Other assets 18,813 7,588
Total assets 394,811 374,453
Current liabilities    
Accounts payable [2] 155,494 127,645
Accrued compensation related costs 14,826 11,410
Accrued other 17,449 22,327
Income tax payable 971 971
Current portion of operating lease liabilities [3] 7,308 6,692
Current portion of long-term debt 3,809 0
Total current liabilities 199,857 169,045
Long-term debt, net 87,633 80,641
Long-term operating lease liabilities [4] 43,681 39,803
Other long-term liabilities 9,551 14,251
Total liabilities 340,722 303,740
Mezzanine equity    
Series A convertible preferred stock; $0.0001 par value; 7,500,000 shares authorized; 6,651,610 issued and outstanding at September 30, 2024 and December 31, 2023, with an aggregate liquidation preference of $72,175,398 and $68,009,015 at September 30, 2024 and December 31, 2023, respectively. 64,986 64,986
Redeemable noncontrolling interest [5] 91,731 167,025
Stockholders' equity    
Additional paid-in capital 0 0
Treasury stock, at cost, 122,743 shares at September 30, 2024 and 14,729 shares at December 31, 2023 (368) 0
Accumulated other comprehensive income 26 81
Retained deficit (103,488) (161,812)
Total AON stockholders' deficit (103,826) (161,727)
Noncontrolling interest 1,198 429
Total deficit (102,628) (161,298)
Total liabilities, mezzanine equity, noncontrolling interest, and stockholders' equity 394,811 374,453
Class A Common Stock    
Stockholders' equity    
Common stock, value 1 1
Class B Common Stock    
Stockholders' equity    
Common stock, value $ 3 $ 3
[1] Includes related party operating right-of-use assets, net of $14,963 and $10,931 at September 30, 2024 and December 31, 2023, respectively
[2] Includes amounts due to related party of $143,658 and $120,857 at September 30, 2024 and December 31, 2023, respectively
[3] Includes related party current portion of operating lease liabilities of $3,732 and $1,888 at September 30, 2024 and December 31, 2023, respectively
[4] Includes related party long-term operating lease liabilities of $9,842 and $9,472 at September 30, 2024 and December 31, 2023, respectively
[5] The acronyms in the table above are defined as follows:
APIC - Accumulated paid in capital
AOCI - Accumulated other comprehensive income
NCI - Mezzanine equity classified noncontrolling interest