The name for Fermat’s Last Theater came about because one of their company, upon re-reading The Merchant of Venice, had an idea for a production, but as with the 17th century mathematician, his conception was too large to include all the details in the margin of the of text.
The works they stage all explore issues of social justice. They are a free public theater - they do not charge admission or sell tickets. Come to a performance, take a program, find a seat. At the end of the show they accept free will donations. They also receive small grants from public and community foundations and they do an annual Kickstarter. Going forward they hope to move to a membership/subscription basis and expand their season to at least two fully staged works (spring and fall) - and do more readings and start a series of podcasts.
Fermat's Last Theater views theater as process - they discover meaning through experimentation and discussion. While some members of the company have the titles of producers, directors and stage managers, all of them comment and contribute to the development of the work during the rehearsal and performance period.