Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entities

Variable Interest Entities
9 Months Ended
Sep. 30, 2022
Variable Interest Entities [Abstract]  
Variable Interest Entities

Note 21. Variable Interest Entities


Based upon the criteria set forth in ASC 810, the Company consolidates variable interest entities (“VIEs”) in which it has a controlling financial interest and is therefore deemed the primary beneficiary. A controlling financial interest will have both of the following characteristics: (a) the power to direct the VIE activities that most significantly impact economic performance; and (b) the obligation to absorb the VIE losses and the right to receive benefits that are significant to the VIE. The Company has determined that Fathom OpCo meets the definition of a VIE and that the Company is the primary beneficiary of Fathom OpCo beginning on the date of the Business Combination, and therefore the Company must consolidate Fathom OpCo from the date of the Business Combination.


The following table presents a summary of the total assets, liabilities, and shareholders' equity of the Company’s consolidated VIE, which is comprised solely of Fathom OpCo.




Period Ended September 30, 2022 Fathom OpCo Standalone


Total assets





Total liabilities





Total shareholders' equity