$RELI
Reliance Global Group, Inc. Stock $reli

$reli Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000149315222022662 Filed on August 15, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$4.153M	$4.207M	$4.236M
YoY Change	60.88%	92.03%	84.16%
Cost Of Revenue	$862.9K	$850.1K	$904.2K
YoY Change	30.6%	52.28%	70.6%
Gross Profit	$3.291M	$3.357M	$3.332M
YoY Change	71.3%	105.63%	88.23%
Gross Profit Margin	79.22%	79.79%	78.65%
Selling, General & Admin	$4.094M	$4.545M	$5.122M
YoY Change	103.84%	91.95%	162.68%
% of Gross Profit	124.42%	135.4%	153.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$713.4K	$756.4K	$607.5K
YoY Change	84.0%	103.09%	84.1%
% of Gross Profit	21.68%	22.53%	18.24%
Operating Expenses	$5.670M	$6.152M	$5.730M
YoY Change	136.64%	86.67%	151.31%
Operating Profit	-$1.517M	-$1.945M	-$2.398M
YoY Change	219.21%	76.03%	370.23%
Interest Expense	-$280.0K	-$194.9K
YoY Change
% of Operating Profit
Other Income/Expense, Net	$7.639M	$12.44M	$11.74M
YoY Change	-6464.22%	-7328.81%	-13142.41%
Pretax Income	$6.122M	$10.50M	$9.340M
YoY Change	-1128.53%	-921.97%	-1559.38%
Income Tax
% Of Pretax Income
Net Earnings	$6.122M	$10.50M	$9.340M
YoY Change	-1128.53%	-921.98%	-1621.36%
Net Earnings / Revenue	147.4%	249.47%	220.5%
Basic Earnings Per Share	$0.35	$0.56	$2.46
Diluted Earnings Per Share	-$0.10	-$0.10	$395.8K
COMMON SHARES
Basic Shares Outstanding	16.46M shares	18.74M shares	980.6K shares
Diluted Shares Outstanding	17.42M shares	20.99M shares	1.195M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.615M	$2.980M	$5.491M
YoY Change	-71.44%	-53.06%	-41.77%
Cash & Equivalents	$3.025M	$4.397M	$5.976M
Short-Term Investments
Other Short-Term Assets	$1.809M	$1.994M	$596.0K
YoY Change	151.64%	224.19%	-5.4%
Inventory
Prepaid Expenses
Receivables	$1.025M	$1.072M	$1.175M
Other Receivables	$37.67K	$0.00	$7.330K
Total Short-Term Assets	$4.488M	$6.101M	$7.270M
YoY Change	-38.8%	-21.42%	-28.02%
LONG-TERM ASSETS
Property, Plant & Equipment	$199.0K	$164.0K	$1.435M
YoY Change	-83.83%	-86.97%	102.08%
Goodwill	$33.49M	$33.49M
YoY Change
Intangibles	$14.36M	$14.75M
YoY Change
Long-Term Investments	$1.350M	$1.350M	$1.350M
YoY Change	0.0%	0.0%	0.0%
Other Assets	$23.28K	$23.28K	$69.78K
YoY Change	38.68%	17.36%
Total Long-Term Assets	$50.75M	$51.20M	$44.00M
YoY Change	168.55%	167.67%	163.15%
TOTAL ASSETS
Total Short-Term Assets	$4.488M	$6.101M	$7.270M
Total Long-Term Assets	$50.75M	$51.20M	$44.00M
Total Assets	$55.23M	$57.30M	$51.27M
YoY Change	110.58%	113.08%	91.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.222M	$1.051M	$824.1K
YoY Change	70.9%	377.6%	333.75%
Accrued Expenses	$538.0K	$528.9K	$653.0K
YoY Change	37.57%	36.81%	988.38%
Deferred Revenue
YoY Change
Short-Term Debt	$310.0K	$376.7K	$0.00
YoY Change			-100.0%
Long-Term Debt Due	$1.027M	$936.3K	$918.1K
YoY Change	15.23%	5.2%	512.05%
Total Short-Term Liabilities	$7.971M	$9.470M	$7.835M
YoY Change	287.08%	507.35%	285.97%
LONG-TERM LIABILITIES
Long-Term Debt	$12.64M	$12.94M	$7.203M
YoY Change	64.39%	63.46%	-7.88%
Other Long-Term Liabilities	$4.577M	$12.63M	$24.98M
YoY Change	23.18%	200.47%	773.35%
Total Long-Term Liabilities	$12.64M	$12.94M	$32.18M
YoY Change	10.83%	6.75%	201.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.971M	$9.470M	$7.835M
Total Long-Term Liabilities	$12.64M	$12.94M	$32.18M
Total Liabilities	$26.87M	$35.37M	$40.02M
YoY Change	99.55%	158.61%	214.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$7.500M	-$13.62M
YoY Change
Common Stock	$1.551M	$1.255M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$28.37M	$21.93M	$11.25M
YoY Change
Total Liabilities & Shareholders Equity	$55.23M	$57.30M	$51.27M
YoY Change	110.58%	113.08%	91.16%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$6.122M	$10.50M	$9.340M
YoY Change	-1128.53%	-921.98%	-1621.36%
Depreciation, Depletion And Amortization	$713.4K	$756.4K	$607.5K
YoY Change	84.0%	103.09%	84.1%
Cash From Operating Activities	-$866.6K	-$968.1K	-$343.3K
YoY Change	-558.68%	14.81%	-47.19%
INVESTING ACTIVITIES
Capital Expenditures	-$356.7K	-$233.8K	-$253.3K
YoY Change	76.29%	52.85%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$6.000M	-$18.14M
YoY Change		273.0%
Cash From Investing Activities	-$356.7K	-$6.234M	-$18.39M
YoY Change	76.29%	253.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-149.5K	5.624M	20.09M
YoY Change	-78.01%	-1066.27%	98.13%
NET CHANGE
Cash From Operating Activities	-866.6K	-968.1K	-343.3K
Cash From Investing Activities	-356.7K	-6.234M	-18.39M
Cash From Financing Activities	-149.5K	5.624M	20.09M
Net Change In Cash	-1.373M	-1.578M	1.355M
YoY Change	98.01%	-50.47%
FREE CASH FLOW
Cash From Operating Activities	-$866.6K	-$968.1K	-$343.3K
Capital Expenditures	-$356.7K	-$233.8K	-$253.3K
Free Cash Flow	-$509.9K	-$734.3K	-$89.94K
YoY Change	-230.33%	6.38%	-86.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
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	dei	Entity File Number EntityFileNumber	001-40020
	dei	Entity Registrant Name EntityRegistrantName	RELIANCE GLOBAL GROUP, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	FL
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	46-3390293
	dei	Entity Address Address Line1 EntityAddressAddressLine1	300 Blvd. of the Americas
	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 105
	dei	Entity Address City Or Town EntityAddressCityOrTown	Lakewood
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NJ
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	08701
	dei	City Area Code CityAreaCode	732
	dei	Local Phone Number LocalPhoneNumber	380-4600
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	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	300560	usd
	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	301167	usd
CY2022Q2	RELI	Recognition And Change In Fair Value Of Warrant Liability RecognitionAndChangeInFairValueOfWarrantLiability	12633251	usd
	RELI	Recognition And Change In Fair Value Of Warrant Liability RecognitionAndChangeInFairValueOfWarrantLiability	24479215	usd
CY2022Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	12440488	usd
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-172096	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	24178655	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-301167	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	10495691	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-1276886	usd
	us-gaap	Net Income Loss NetIncomeLoss	19835692	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1890812	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.75
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.10
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.59
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.20
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	18738290	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10934489	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17238285	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9259738	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20989290	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10934489	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20134729	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9259738	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	-26066129	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	739960	usd
CY2022Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	20000051	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	4763451	usd
CY2022Q1	RELI	Stock Issued During Period Value Warrants Exercised StockIssuedDuringPeriodValueWarrantsExercised	2475000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	9340000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	11252333	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	179083	usd
CY2022Q2	RELI	Stock Issued During Period Value Warrants Into Common Stock StockIssuedDuringPeriodValueWarrantsIntoCommonStock	1336	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	10495691	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	21928443	usd
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-63012	usd
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	246966	usd
CY2021Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	91050	usd
CY2021Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1672852	usd
CY2021Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	9109148	usd
CY2021Q1	RELI	Stock Issued During Period Value Over Allotment Shares StockIssuedDuringPeriodValueOverAllotmentShares	1366373	usd
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	20700	usd
CY2021Q1	RELI	Shares Issued During Period Value To Conversion Of Debt SharesIssuedDuringPeriodValueToConversionOfDebt	3800000	usd
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-613926	usd
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	13957299	usd
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition	183132	usd
CY2021Q2	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	50000	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-1276886	usd
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	12913545	usd
	us-gaap	Net Income Loss NetIncomeLoss	19835692	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1890812	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1363928	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	702454	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	18291	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	20206	usd
	RELI	Noncash Lease Expense NoncashLeaseExpense	24450	usd
	RELI	Noncash Lease Expense NoncashLeaseExpense	1534	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	919043	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	521148	usd
	RELI	Earnout Fair Value And Writeoff Adjustments EarnoutFairValueAndWriteoffAdjustments	354963	usd
	RELI	Recognition And Change In Fair Value Of Warrant Liability RecognitionAndChangeInFairValueOfWarrantLiability	24479215	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-1711287	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-805092	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-45122	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-75212	usd
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	47283	usd
	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	7131	usd
	us-gaap	Increase Decrease In Other Accounts Payable IncreaseDecreaseInOtherAccountsPayable	126984	usd
	us-gaap	Increase Decrease In Restructuring Reserve IncreaseDecreaseInRestructuringReserve	75068	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	6492	usd
	us-gaap	Increase Decrease In Other Noncurrent Assets IncreaseDecreaseInOtherNoncurrentAssets	18035	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2169325	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	92736	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1311411	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1493252	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20989	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	24138750	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1608586	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	466190	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	152990	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-24625929	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1761576	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	447908	usd
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	432833	usd
	RELI	Proceeds From Loan For Business Acquisition ProceedsFromLoanForBusinessAcquisition	6520000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	214257	usd
	RELI	Payments On Earnout Liabilities PaymentsOnEarnoutLiabilities	411408	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	2931	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	21541	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	508307	usd
	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	2476336	usd
	RELI	Repayments On Shortterm Financing RepaymentsOnShorttermFinancing	40552	usd
	RELI	Net Proceeds From Private Placement Issuance Of Shares And Warrants NetProceedsFromPrivatePlacementIssuanceOfSharesAndWarrants	17853351	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	10496221	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	25714021	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	9558012	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-223319	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	6303184	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4620722	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	529581	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4397403	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	6832765	usd
	RELI	Issuance Of Series D Warrants IssuanceOfSeriesDWarrants	6930335	usd
	RELI	Issuance Of Placement Agent Warrants IssuanceOfPlacementAgentWarrants	1525923	usd
	RELI	Prepaid Insurance Acquired Through Shortterm Financing PrepaidInsuranceAcquiredThroughShorttermFinancing	417199	usd
	us-gaap	Conversion Of Stock Amount Converted1 ConversionOfStockAmountConverted1	339264	usd
	us-gaap	Interest Paid Net InterestPaidNet	218528	usd
	us-gaap	Interest Paid Net InterestPaidNet	350175	usd
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	3800000	usd
	RELI	Common Stock Issued Pursuant To Acquisition CommonStockIssuedPursuantToAcquisition	4763451	usd
	RELI	Common Stock Issued Pursuant To Acquisition CommonStockIssuedPursuantToAcquisition	50000	usd
	us-gaap	Stock Issued1 StockIssued1	91050	usd
	RELI	Issuance Of Common Stock Pursuant To Purchase Of Software IssuanceOfCommonStockPursuantToPurchaseOfSoftware	340000	usd
	RELI	Acquisition Of Business Deferred Purchase Price AcquisitionOfBusinessDeferredPurchasePrice	1125000	usd
	RELI	Acquisition Of Business Deferred Purchase Price AcquisitionOfBusinessDeferredPurchasePrice	0	usd
	RELI	Lease Assets Acquired In Exchange For Lease Liabilities LeaseAssetsAcquiredInExchangeForLeaseLiabilities	223922	usd
	RELI	Lease Assets Acquired In Exchange For Lease Liabilities LeaseAssetsAcquiredInExchangeForLeaseLiabilities	861443	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	4397000	usd
CY2022Q2	us-gaap	Assets Current AssetsCurrent	6101000	usd
CY2022Q2	us-gaap	Liabilities Current LiabilitiesCurrent	9470000	usd
CY2022Q2	RELI	Working Capital Deficiency WorkingCapitalDeficiency	-3369000	usd
CY2022Q2	us-gaap	Stockholders Equity StockholdersEquity	21928000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4343000	usd
	RELI	Recognition And Change In Fair Value Of Warrant Liability RecognitionAndChangeInFairValueOfWarrantLiability	24479000	usd
	us-gaap	Net Income Loss NetIncomeLoss	19836000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1311000	usd
CY2022Q1	RELI	Net Proceeds From Private Placement Issuance Of Shares And Warrants NetProceedsFromPrivatePlacementIssuanceOfSharesAndWarrants	-17853000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_846_eus-gaap--UseOfEstimates_zEAeP9pyMgGd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zq7klqBZY36i">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures in the financial statements and accompanying notes. Management bases its estimates on historical experience and on assumptions believed to be reasonable under the circumstances. Actual results could differ materially from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	RELI	Payments To Undiscounted Remaining Earn Out PaymentsToUndiscountedRemainingEarnOut	4697644	usd
CY2022Q2	RELI	Earnout Liability Current EarnoutLiabilityCurrent	-3683596	usd
CY2021Q4	RELI	Earnout Liability Current EarnoutLiabilityCurrent	-3297855	usd
CY2022Q2	RELI	Earnout Liability Noncurrent EarnoutLiabilityNoncurrent	673837	usd
CY2021Q4	RELI	Earnout Liability Noncurrent EarnoutLiabilityNoncurrent	516023	usd
CY2022Q2	us-gaap	Cash Cash	2979769	usd
CY2021Q2	us-gaap	Cash Cash	6348415	usd
CY2022Q2	us-gaap	Restricted Cash Current RestrictedCashCurrent	1417635	usd
CY2021Q2	us-gaap	Restricted Cash Current RestrictedCashCurrent	484350	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	4397404	usd
CY2021Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	6832765	usd
CY2021Q4	RELI	Warrant Commitment WarrantCommitment	37652808	usd
CY2022Q1	RELI	Initial Recognition Of Warrant Commitment InitialRecognitionOfWarrantCommitment	56587042	usd
CY2022Q1	RELI	Warrant Commitment Unrealized Gain Loss WarrantCommitmentUnrealizedGainLoss	-15518587	usd
CY2022Q1	RELI	Warrants Exercised Or Transferred WarrantsExercisedOrTransferred	-55061119	usd
CY2022Q1	RELI	Warrant Commitment WarrantCommitment	23660144	usd
CY2022Q2	RELI	Warrant Commitment Unrealized Gain Loss WarrantCommitmentUnrealizedGainLoss	-12633251	usd
CY2022Q2	RELI	Warrant Commitment WarrantCommitment	11026893	usd
CY2021	RELI	Initial Recognition Of Warrant Commitment InitialRecognitionOfWarrantCommitment	20244497	usd
CY2021	RELI	Warrant Commitment Unrealized Gain Loss WarrantCommitmentUnrealizedGainLoss	17408311	usd
CY2021Q4	RELI	Warrant Commitment WarrantCommitment	37652808	usd
CY2022Q2	RELI	Risk Free Rate RiskFreeRate	USD Yield Curve
CY2022Q2	RELI	Discounting Convention DiscountingConvention	Mid-period
CY2022Q2	RELI	Number Of Lterations NumberOfLterations	100000	integer
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4207126	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	8442907	usd
CY2021Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2190847	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	4514577	usd
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2931418	usd
CY2020Q4	us-gaap	Goodwill Goodwill	8761725	usd
CY2020Q4	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	340000	usd
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11559239	usd
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12359680	usd
CY2021Q1	us-gaap	Common Stock Shares Subscriptions CommonStockSharesSubscriptions	0	usd
CY2021Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	25992263	usd
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12973606	usd
CY2020Q4	us-gaap	Goodwill Goodwill	8761725	usd
CY2020Q4	us-gaap	Goodwill Goodwill	8761725	usd
CY2021	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	1288552	usd
CY2021Q4	us-gaap	Goodwill Goodwill	10050277	usd
CY2022Q2	us-gaap	Goodwill Goodwill	33486107	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	19718443	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-4966692	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	14751751	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	10697252	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-3618352	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	7078900	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	1374512	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	2461552	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	2083450	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1703824	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1463747	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	5664666	usd
CY2022Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	14751751	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	13871912	usd
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	7999245	usd
CY2022Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	936263	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	913920	usd
CY2022Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	12935649	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	7085325	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	438616	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	1228897	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1542156	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1656383	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1776385	usd
CY2022Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	7563428	usd
CY2022Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	14205865	usd
CY2022Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	333953	usd
CY2022Q2	us-gaap	Long Term Debt LongTermDebt	13871912	usd
CY2022Q2	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	42894	usd
CY2021Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	4456	usd
CY2021	us-gaap	Equity Securities Fv Ni Unrealized Loss EquitySecuritiesFvNiUnrealizedLoss	17652808	usd
	us-gaap	Equity Securities Fv Ni Unrealized Gain EquitySecuritiesFvNiUnrealizedGain	12322737	usd
	RELI	Non Operating Unrealized Gains NonOperatingUnrealizedGains	24748163	usd
CY2022Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	750000000	shares
CY2022Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.086
CY2022Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	9076	shares
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	2000000000	shares
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.086
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	14614038	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10956109	shares
	us-gaap	Preferred Stock Conversion Basis PreferredStockConversionBasis	10 for 1 basis
CY2022Q2	RELI	Antidilutive Shares Issued And Outstanding AntidilutiveSharesIssuedAndOutstanding	163925	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber	200820	shares
CY2022Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares	31916	shares
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares	46084	shares
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	10495691	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	-1276886	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	10495691	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1276886	usd
CY2022Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	12633251	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-2137560	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1276886	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	18738290	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10934489	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	31916	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	2219084	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20989290	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10934489	shares
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.10
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
	us-gaap	Net Income Loss NetIncomeLoss	19835692	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1890812	usd
	RELI	Deemed Dividend DeemedDividend	6930335	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	12905357	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1890812	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	24748163	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-11842806	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1890812	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17238285	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	9259738	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	46084	shares
	RELI	Effect Of Series B Warrant Liability EffectOfSeriesBWarrantLiability	2219084	usd
	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	631276	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20134729	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	9259738	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.75
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.20
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.59
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.20
CY2022Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	156750	usd
CY2021Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	43931	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	275174	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	112199	usd
CY2022Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y3D
CY2022Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0576	pure
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	253908	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	144124	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	113738	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	303256	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	546275	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	268202	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1629503	usd
CY2022Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	169978	usd
CY2022Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	1459525	usd
CY2021Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	3813878	usd
	RELI	Changes Due To Acquisitions ChangesDueToAcquisitions	600000	usd
	RELI	Changes Due To Payments ChangesDueToPayments	-411408	usd
	RELI	Changes Due To Fair Value Adjustments ChangesDueToFairValueAdjustments	354963	usd
CY2022Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	4357433	usd
CY2020Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	2931418	usd
CY2021	RELI	Changes Due To Business Combinations ChangesDueToBusinessCombinations	1694166	usd
CY2021	RELI	Changes Due To Payments ChangesDueToPayments	-452236	usd
CY2021	RELI	Changes Due To Fair Value Adjustments ChangesDueToFairValueAdjustments	-278102	usd
CY2021	RELI	Changes Due To Writeoffs ChangesDueToWriteoffs	-81368	usd
CY2021Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	3813878	usd

Files In Submission

Name	View Source	Status
0001493152-22-022662-index-headers.html	Edgar Link	pending
0001493152-22-022662-index.html	Edgar Link	pending
0001493152-22-022662.txt	Edgar Link	pending
0001493152-22-022662-xbrl.zip	Edgar Link	pending
ex3-13.htm	Edgar Link	pending
ex3-13_001.jpg	Edgar Link	pending
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ex31-2.htm	Edgar Link	pending
ex32-1.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form10-q.htm	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
form10-q_htm.xml	Edgar Link	completed
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reli-20220630.xsd	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
reli-20220630_lab.xml	Edgar Link	unprocessable
reli-20220630_pre.xml	Edgar Link	unprocessable
reli-20220630_def.xml	Edgar Link	unprocessable
reli-20220630_cal.xml	Edgar Link	unprocessable

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$RELI
Reliance Global Group, Inc. Stock $reli

2022 Q3 Form 10-Q Financial Statement

#000149315222022662 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RELI Reliance Global Group, Inc. Stock $reli

2022 Q3 Form 10-Q Financial Statement

#000149315222022662 Filed on August 15, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$RELI
Reliance Global Group, Inc. Stock $reli