2023 Q4 Form 10-Q Financial Statement

#000149315223040510 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $3.321M $3.276M
YoY Change -20.16% -21.13%
Cost Of Revenue $1.031M $800.0K
YoY Change 34.36% -7.29%
Gross Profit $2.290M $2.480M
YoY Change -32.49% -24.63%
Gross Profit Margin 68.95% 75.71%
Selling, General & Admin $2.273M $3.260M
YoY Change -45.01% -20.37%
% of Gross Profit 99.26% 131.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $649.2K $650.0K
YoY Change -10.39% -8.89%
% of Gross Profit 28.35% 26.21%
Operating Expenses $2.920M $4.711M
YoY Change -39.89% -16.92%
Operating Profit -$630.2K -$1.435M
YoY Change -57.0% -5.39%
Interest Expense -$404.9K -$420.0K
YoY Change 50.0%
% of Operating Profit
Other Income/Expense, Net $1.458M $1.296M
YoY Change -139.91% -83.03%
Pretax Income -$8.888M -$140.0K
YoY Change -54.4% -102.29%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$11.57M -$139.0K
YoY Change -40.66% -102.27%
Net Earnings / Revenue -348.27% -4.24%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$2.91 -$0.05
COMMON SHARES
Basic Shares Outstanding 2.474M shares 2.126M shares
Diluted Shares Outstanding 3.021M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.329M $1.780M
YoY Change 162.96% 10.21%
Cash & Equivalents $2.739M $3.187M
Short-Term Investments
Other Short-Term Assets $1.744M $1.710M
YoY Change 5.44% -5.48%
Inventory
Prepaid Expenses
Receivables $1.305M $1.210M
Other Receivables $900.00 $813.00
Total Short-Term Assets $4.379M $4.699M
YoY Change 34.12% 4.7%
LONG-TERM ASSETS
Property, Plant & Equipment $879.8K $146.0K
YoY Change 370.79% -26.66%
Goodwill $6.693M $14.29M
YoY Change -64.98% -57.33%
Intangibles $11.04M $11.68M
YoY Change -19.73% -18.69%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $20.29K $23.28K
YoY Change -12.86% 0.0%
Total Long-Term Assets $18.64M $27.01M
YoY Change -47.0% -46.77%
TOTAL ASSETS
Total Short-Term Assets $4.379M $4.699M
Total Long-Term Assets $18.64M $27.01M
Total Assets $23.02M $31.71M
YoY Change -40.11% -42.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $635.3K $1.000M
YoY Change -47.98% -18.14%
Accrued Expenses $485.3K $350.0K
YoY Change 269.53% -34.95%
Deferred Revenue
YoY Change
Short-Term Debt $56.20K $110.0K
YoY Change -63.51% -64.51%
Long-Term Debt Due $1.846M $1.354M
YoY Change 64.98% 31.9%
Total Short-Term Liabilities $3.190M $3.904M
YoY Change -59.07% -51.02%
LONG-TERM LIABILITIES
Long-Term Debt $11.92M $11.38M
YoY Change -3.44% -9.97%
Other Long-Term Liabilities $753.3K $2.140M
YoY Change -90.22% -53.24%
Total Long-Term Liabilities $12.68M $11.38M
YoY Change 2.66% -9.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.190M $3.904M
Total Long-Term Liabilities $12.68M $11.38M
Total Liabilities $15.87M $17.85M
YoY Change -46.24% -33.58%
SHAREHOLDERS EQUITY
Retained Earnings -$39.00M -$29.97M
YoY Change 44.49% 299.64%
Common Stock $409.5K $198.2K
YoY Change 290.44% -87.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.147M $13.86M
YoY Change
Total Liabilities & Shareholders Equity $23.02M $31.71M
YoY Change -40.11% -42.59%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$11.57M -$139.0K
YoY Change -40.66% -102.27%
Depreciation, Depletion And Amortization $649.2K $650.0K
YoY Change -10.39% -8.89%
Cash From Operating Activities -$828.0K $1.990M
YoY Change -18.18% -329.64%
INVESTING ACTIVITIES
Capital Expenditures $9.810K $20.00K
YoY Change -91.06% -105.61%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.810K -$20.00K
YoY Change -102.88% -94.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 386.9K -1.460M
YoY Change -187.31% 876.46%
NET CHANGE
Cash From Operating Activities -828.0K 1.990M
Cash From Investing Activities -9.810K -20.00K
Cash From Financing Activities 386.9K -1.460M
Net Change In Cash -450.9K 510.0K
YoY Change -59.56% -137.15%
FREE CASH FLOW
Cash From Operating Activities -$828.0K $1.990M
Capital Expenditures $9.810K $20.00K
Free Cash Flow -$837.8K $1.970M
YoY Change -25.31% -486.34%

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CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.15
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.75
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.37
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.29
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
17.79
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.05
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.83
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.47
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
15.93
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.75
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.33
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
15.60
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3021455 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1156939 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2436015 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1069534 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3021455 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1304878 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2436015 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1219822 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
8911039 usd
CY2023Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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CY2023Q1 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
645000 usd
CY2023Q1 RELI Stock Issued During Period Value Reverse Stock Splits
StockIssuedDuringPeriodValueReverseStockSplits
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CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
43797 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
12235614 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1433700 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
35367 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-1055287 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
13027389 usd
CY2023Q3 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
478372 usd
CY2023Q3 RELI Stock Issued During Period Value For Vested Stock Awards
StockIssuedDuringPeriodValueForVestedStockAwards
3769 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
27779 usd
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1000 usd
CY2023Q3 RELI Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
463650 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-139004 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
13862955 usd
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 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 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1336 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
10495691 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21928443 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
21928443 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
314257 usd
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
795 usd
CY2022Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
795 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
6122093 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
6122093 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
28365588 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
28365588 usd
us-gaap Net Income Loss
NetIncomeLoss
-2982827 usd
us-gaap Net Income Loss
NetIncomeLoss
25957784 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1962066 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1901140 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
35163 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
28702 usd
RELI Noncash Lease Expense
NoncashLeaseExpense
-4192 usd
RELI Noncash Lease Expense
NoncashLeaseExpense
19549 usd
us-gaap Share Based Compensation
ShareBasedCompensation
106943 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1233300 usd
RELI Shares Issued For Services Performed
SharesIssuedForServicesPerformed
-289995 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-4389120 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-32398531 usd
RELI Earnout Fair Value And Writeoff Adjustments
EarnoutFairValueAndWriteoffAdjustments
1291494 usd
RELI Earnout Fair Value And Writeoff Adjustments
EarnoutFairValueAndWriteoffAdjustments
132445 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
196459 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-174025 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
2786 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-5972 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-10651 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
31981 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-34136 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
6491 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
48403 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-1642938 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-37012 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
34841 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3833545 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
3816238 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
67675 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17307 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2177998 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21206 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
58149 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
160211 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5392951 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
900000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
718583 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-13531509 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
718583 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
763840 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
663016 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
214257 usd
RELI Proceeds From Loan Acquired Through Acquisition
ProceedsFromLoanAcquiredThroughAcquisition
6520000 usd
RELI Isusance Of Common Shares In Exchange For Series C Warrants
IsusanceOfCommonSharesInExchangeForSeriesCWarrants
2131 usd
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
174206 usd
RELI Payments Of Convertible Debt Related Parties
PaymentsOfConvertibleDebtRelatedParties
693145 usd
RELI Payments Of Convertible Debt Related Parties
PaymentsOfConvertibleDebtRelatedParties
-1500000 usd
RELI Payments On Earnout Liabilities
PaymentsOnEarnoutLiabilities
419225 usd
RELI Payments On Earnout Liabilities
PaymentsOnEarnoutLiabilities
1627296 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2475000 usd
RELI Net Proceeds From Private Placement Issuance Of Shares And Warrants
NetProceedsFromPrivatePlacementIssuanceOfSharesAndWarrants
3446484 usd
RELI Net Proceeds From Private Placement Issuance Of Shares And Warrants
NetProceedsFromPrivatePlacementIssuanceOfSharesAndWarrants
17853351 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
593912 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
25564501 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
576212 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25564501 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1277488 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1909769 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4620722 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3187257 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3024616 usd
RELI Common Stock Issuance To Settle Earnout Liabilities
CommonStockIssuanceToSettleEarnoutLiabilities
2894550 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3187000 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
4699000 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
3904000 usd
CY2023Q3 RELI Working Capital Deficiency
WorkingCapitalDeficiency
-795000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
13863000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4278000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
4389000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1137000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1846000 usd
us-gaap Profit Loss
ProfitLoss
-2983000 usd
CY2023Q1 RELI Net Proceeds From Private Placement Issuance Of Value And Warrant
NetProceedsFromPrivatePlacementIssuanceOfValueAndWarrant
-3446000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zTz1WLxtb0Rk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86D_zNU95X7V87m2">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 U.S. 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>
CY2023Q3 us-gaap Cash
Cash
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CY2022Q3 us-gaap Cash
Cash
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CY2023Q3 us-gaap Restricted Cash Current
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CY2022Q3 us-gaap Restricted Cash Current
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 RELI Warrant Commitment
WarrantCommitment
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CY2023Q1 RELI Warrant Commitment Unrealized Gain Loss
WarrantCommitmentUnrealizedGainLoss
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CY2023Q1 RELI Warrant Commitment
WarrantCommitment
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CY2023Q2 RELI Warrant Commitment Unrealized Gain Loss
WarrantCommitmentUnrealizedGainLoss
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CY2023Q2 RELI Warrant Commitment
WarrantCommitment
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CY2023Q2 RELI Warrant Commitment
WarrantCommitment
3759428 usd
CY2023Q3 RELI Warrant Commitment Unrealized Gain Loss
WarrantCommitmentUnrealizedGainLoss
1715397 usd
CY2023Q3 RELI Warrants Exercised Or Transferred
WarrantsExercisedOrTransferred
463651 usd
CY2023Q3 RELI Warrant Commitment
WarrantCommitment
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CY2023Q3 RELI Warrant Commitment
WarrantCommitment
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CY2023Q3 RELI Earn Out Payments
EarnOutPayments
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BusinessCombinationContingentConsiderationLiability
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
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AcquisitionsAndSettlements
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CY2022 RELI Acquisitions And Settlements
AcquisitionsAndSettlements
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FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
1291494 usd
CY2022 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Period Increase Decrease
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPeriodIncreaseDecrease
525 usd
RELI Earnout Payable In Common Shares
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CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
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BusinessCombinationContingentConsiderationLiability
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CY2023Q3 RELI Earnout Liability Current
EarnoutLiabilityCurrent
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CY2022Q4 RELI Earnout Liability Current
EarnoutLiabilityCurrent
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CY2022Q4 RELI Earnout Liability Noncurrent
EarnoutLiabilityNoncurrent
556000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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SettlementLiabilitiesCurrent
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CY2021Q4 us-gaap Goodwill
Goodwill
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CY2022Q4 us-gaap Goodwill
Goodwill
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CY2023Q3 us-gaap Goodwill
Goodwill
14287099 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
14373374 usd
CY2021Q4 RELI Goodwill Net
GoodwillNet
10050277 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
14373374 usd
CY2022Q4 RELI Goodwill Net
GoodwillNet
19112733 usd
CY2023Q3 RELI Goodwill Net
GoodwillNet
14287099 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
639264 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2193428 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4316329 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q3 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt
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CY2023Q3 us-gaap Long Term Debt Current
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CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2023Q3 RELI Long Term Debt Net
LongTermDebtNet
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CY2022Q4 RELI Long Term Debt Net
LongTermDebtNet
12349673 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
326783 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1390766 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1552772 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1729160 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1925603 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
6093302 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
13018386 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
283858 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
12734528 usd
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2023Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
114394 usd
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
154017 usd
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
133333333 shares
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.086
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
155038 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2304375 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1219573 shares
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
375000 shares
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.086
CY2023Q1 RELI Gross Proceeds Cash Fee Percentage
GrossProceedsCashFeePercentage
0.08 pure
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
553000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Accelerated Vesting Number
SharebasedCompensationArrangementBySharebasedPaymentAwardAcceleratedVestingNumber
2667 shares
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5601 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17044 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-139004 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6296483 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3021455 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1156939 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
147939 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3021455 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1304878 shares
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.05
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
5.44
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.05
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.83
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-1136922 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
26357370 usd
RELI Deemed Dividend
DeemedDividend
-6930335 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1136922 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19427035 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2436015 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1069534 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
147939 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
2349 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2436015 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1219822 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.47
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
18.16
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.47
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
15.93
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
123508 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
118653 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
362804 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
337876 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M25D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0614 pure
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
391173 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
210106 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
112904 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
116291 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
119780 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
60774 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1011028 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
101495 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
909533 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
RELI Changes Due To Payments
ChangesDueToPayments
-3260403 usd
RELI Changes Due To Fair Value Adjustments
ChangesDueToFairValueAdjustments
1291494 usd
RELI Changes Due To Amount Payable In Common Shares
ChangesDueToAmountPayableInCommonShares
-53372 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
687197 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
3813878 usd
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
3813878 usd
CY2022 RELI Changes Due To Business Combinations
ChangesDueToBusinessCombinations
600000 usd
CY2022 RELI Changes Due To Payments
ChangesDueToPayments
-1704925 usd
CY2022 RELI Changes Due To Fair Value Adjustments
ChangesDueToFairValueAdjustments
525 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
CY2023Q1 RELI Deferred Purchase Price
DeferredPurchasePrice
1375000 usd
CY2023Q1 RELI Accrue Interest Rate Percentage
AccrueInterestRatePercentage
0.015 pure
CY2023Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
262684 shares
CY2023Q2 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
900000 usd
CY2023Q3 us-gaap Shares Outstanding
SharesOutstanding
0 shares

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