2024 Q2 Form 10-K Financial Statement

#000149315224013118 Filed on April 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $3.233M $3.321M $13.73M
YoY Change 1.17% -20.16% -18.05%
Cost Of Revenue $886.4K $1.031M $3.733M
YoY Change 7.79% 34.36% 10.29%
Gross Profit $2.347M $2.290M $9.999M
YoY Change -1.12% -32.49% -25.22%
Gross Profit Margin 72.59% 68.95% 72.82%
Selling, General & Admin $3.024M $2.273M $11.96M
YoY Change -14.98% -45.01% -33.18%
% of Gross Profit 128.84% 99.26% 119.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $469.8K $649.2K $2.609M
YoY Change -38.78% -10.39% -6.88%
% of Gross Profit 20.02% 28.35% 26.09%
Operating Expenses $4.380M $2.920M $14.57M
YoY Change -12.99% -39.89% -62.12%
Operating Profit -$1.147M -$630.2K -$4.568M
YoY Change -37.62% -57.0% -78.95%
Interest Expense -$403.5K -$404.9K -$1.656M
YoY Change 8.79%
% of Operating Profit
Other Income/Expense, Net -$342.8K $1.458M $5.510M
YoY Change -83.13% -139.91% -80.44%
Pretax Income -$1.489M -$8.888M -$10.03M
YoY Change -61.51% -54.4% -255.04%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.489M -$11.57M -$14.55M
YoY Change 41.14% -40.66% -325.01%
Net Earnings / Revenue -46.06% -348.27% -105.96%
Basic Earnings Per Share -$2.76 -$5.16
Diluted Earnings Per Share -$2.76 -$2.91 -$5.15
COMMON SHARES
Basic Shares Outstanding 5.692M shares 2.474M shares 2.820M shares
Diluted Shares Outstanding 539.1K shares 2.820M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.406M $1.329M $1.329M
YoY Change 10.28% 162.96% 162.96%
Cash & Equivalents $2.816M $2.739M
Short-Term Investments
Other Short-Term Assets $1.796M $1.744M $1.744M
YoY Change -8.31% 5.44% 5.44%
Inventory
Prepaid Expenses
Receivables $953.3K $1.305M $1.305M
Other Receivables $167.3K $900.00 $900.00
Total Short-Term Assets $4.322M $4.379M $4.379M
YoY Change -39.4% 34.12% 34.1%
LONG-TERM ASSETS
Property, Plant & Equipment $140.5K $879.8K $879.8K
YoY Change -5.77% 370.79% -35.73%
Goodwill $6.693M $6.693M
YoY Change -53.15% -64.98%
Intangibles $6.153M $11.04M
YoY Change -50.01% -19.73%
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $21.79K $20.29K $20.29K
YoY Change -6.41% -12.86% -12.88%
Total Long-Term Assets $14.02M $18.64M $18.64M
YoY Change -49.46% -47.0% -47.0%
TOTAL ASSETS
Total Short-Term Assets $4.322M $4.379M $4.379M
Total Long-Term Assets $14.02M $18.64M $18.64M
Total Assets $18.34M $23.02M $23.02M
YoY Change -47.4% -40.11% -40.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.421M $635.3K $635.3K
YoY Change 55.91% -47.98% -47.98%
Accrued Expenses $263.4K $485.3K $485.3K
YoY Change -28.98% 269.53% -35.69%
Deferred Revenue
YoY Change
Short-Term Debt $108.5K $56.20K $56.20K
YoY Change -44.35% -63.51% -63.51%
Long-Term Debt Due $1.471M $1.846M $1.846M
YoY Change 10.69% 64.98% 64.98%
Total Short-Term Liabilities $3.722M $3.190M $3.190M
YoY Change -23.49% -59.07% -59.07%
LONG-TERM LIABILITIES
Long-Term Debt $10.29M $11.92M $11.92M
YoY Change -12.14% -3.44% -14.94%
Other Long-Term Liabilities $781.9K $753.3K $753.3K
YoY Change -82.21% -90.22% -90.22%
Total Long-Term Liabilities $10.29M $12.68M $12.68M
YoY Change -12.14% 2.66% -41.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.722M $3.190M $3.190M
Total Long-Term Liabilities $10.29M $12.68M $12.68M
Total Liabilities $15.45M $15.87M $15.87M
YoY Change -29.27% -46.24% -46.24%
SHAREHOLDERS EQUITY
Retained Earnings -$45.84M -$39.00M
YoY Change 53.63% 44.49%
Common Stock $89.18K $409.5K
YoY Change -49.48% 290.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.889M $7.147M $7.147M
YoY Change
Total Liabilities & Shareholders Equity $18.34M $23.02M $23.02M
YoY Change -47.4% -40.11% -40.11%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$1.489M -$11.57M -$14.55M
YoY Change 41.14% -40.66% -325.01%
Depreciation, Depletion And Amortization $469.8K $649.2K $2.609M
YoY Change -38.78% -10.39% -6.88%
Cash From Operating Activities -$685.2K -$828.0K -$848.0K
YoY Change -27.28% -18.18% -73.42%
INVESTING ACTIVITIES
Capital Expenditures $7.090K $9.810K $189.8K
YoY Change -91.59% -91.06% 166.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 $900.0K
YoY Change -100.0% -103.8%
Cash From Investing Activities -$7.090K -$9.810K $710.2K
YoY Change -100.85% -102.88% -102.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $4.475M
YoY Change 209883.58%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.395M 386.9K 966.9K
YoY Change -282.76% -187.31% -96.15%
NET CHANGE
Cash From Operating Activities -685.2K -828.0K -848.0K
Cash From Investing Activities -7.090K -9.810K 710.2K
Cash From Financing Activities 1.395M 386.9K 966.9K
Net Change In Cash 702.6K -450.9K 829.1K
YoY Change -180.39% -59.56% -130.58%
FREE CASH FLOW
Cash From Operating Activities -$685.2K -$828.0K -$848.0K
Capital Expenditures $7.090K $9.810K $189.8K
Free Cash Flow -$692.3K -$837.8K -$1.038M
YoY Change -32.56% -25.31% -68.18%

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CY2023 RELI Noncash Lease Expense
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CY2022 us-gaap Interest Paid Net
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CY2022 RELI Common Shares Issued For Series B Warrants
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_84A_eus-gaap--UseOfEstimates_zkLNCy4qCfn9" 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_868_z1c1VMBVR4ta">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"><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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2022 RELI Initial Recognition Of Warrant Commitment
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CY2022Q4 RELI Warrant Liabilities
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CY2022Q4 RELI Warrant Liabilities
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CY2023Q4 RELI Warrant Liabilities
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CY2022 RELI Recognition And Change In Fair Value Of Warrant Liability
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CY2022 RELI Warrant Issuance Cost
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CY2023 RELI Recognition And Change In Fair Value Of Warrant Liability
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CY2023 RELI Warrant Issuance Cost
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CY2023Q4 RELI Earn Out Payments
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
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CY2023 RELI Acquisitions And Settlements
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CY2022 RELI Acquisitions And Settlements
AcquisitionsAndSettlements
-1104924 usd
CY2023 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1716873 usd
CY2022 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
524 usd
CY2023 RELI Earnout Payable In Common Shares
EarnoutPayableInCommonShares
-159867 usd
CY2023 RELI Earnout Transferred To Loans Payable Related Parties
EarnoutTransferredToLoansPayableRelatedParties
-846214 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
159867 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
159867 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
2153478 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
556000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
273864 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
313829 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13731826 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11761882 usd
CY2023Q2 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
2761190 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
278380 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
255801 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
138381 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
93034 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
139999 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
162767 usd
CY2023 us-gaap Depreciation
Depreciation
45632 usd
CY2022 us-gaap Depreciation
Depreciation
37638 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7594000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
10050277 usd
CY2022Q4 us-gaap Goodwill
Goodwill
14287099 usd
CY2023Q4 us-gaap Goodwill
Goodwill
6693099 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
10050277 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
19112733 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7594000 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
6693099 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
19750417 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-8707660 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11042757 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
19583603 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-6144234 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13439369 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2563559 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2525880 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2195191 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1801235 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1532267 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1196989 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1097825 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
3218683 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11042757 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
635339 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
747469 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
40540 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
109502 usd
CY2023Q4 RELI Accrued Credit Card Payables
AccruedCreditCardPayables
54416 usd
CY2022Q4 RELI Accrued Credit Card Payables
AccruedCreditCardPayables
58120 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
105188 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
36291 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
835483 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
951382 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
12417737 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
13468394 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1390766 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1118721 usd
CY2023Q4 RELI Long Term Debt Net
LongTermDebtNet
11026971 usd
CY2022Q4 RELI Long Term Debt Net
LongTermDebtNet
12349673 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1390766 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1552772 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1729160 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1925603 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2107128 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3986172 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
12691601 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
273864 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
12417737 usd
CY2023Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
181000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
482000 usd
CY2023Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.1275 pure
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0 pure
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
56000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
154000 usd
CY2021 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
17408311 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
750000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.086
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.086
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4761974 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1219573 shares
CY2023Q1 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
The aggregate purchase price for the Common Shares, Prefunded Warrants (Series E Warrants) and the Common Warrants (Series F Warrants) to be purchased by the Buyer shall be equal to (i) $3.80 for each Common Unit purchased by such Buyer, or (ii) $3.799 for each Prefunded Unit purchased by the Buyer, which Prefunded Warrants are exercisable into Prefunded Warrant Shares at the initial Exercise Price (as defined in the Prefunded Warrant) of $0.001 per Prefunded Warrant Share in accordance with the Prefunded Warrant.
CY2023Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Dividend Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedDividendRate
0 pure
CY2023Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
1.12 pure
CY2023Q4 us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
0.0423 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10928 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
232.55
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y7M9D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10928 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
232.55
CY2023 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P0Y7M9D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10928 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
232.55
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7M9D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10928 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
232.55
CY2022 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P1Y7M9D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
271 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
236.83
CY2023 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Non Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermNonVested
P2Y3M7D
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
248 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
239.68
CY2023 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm2
P0Y9M21D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
23 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
205.70
CY2023 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Terms Non Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermsNonVested
P1Y7M2D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
3587 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
227.78
CY2022 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term Non Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermNonVested
P0Y10M24D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
3315 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
14.89
CY2022 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageRemainingContractualTerm2
P1Y8M15D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
271 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
236.83
CY2022 RELI Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Terms Non Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTermsNonVested
P2Y3M7D
CY2023 RELI Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitures
0 usd
CY2022 RELI Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitures
0 usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
2421960 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
1542 usd
CY2023Q4 RELI Market Value Of Share
MarketValueOfShare
0.54
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
2421960 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
17166 usd
CY2022Q4 RELI Market Value Of Share
MarketValueOfShare
8.55
CY2023 RELI Stock Issued During Period Shares Commission Equity Award Expense
StockIssuedDuringPeriodSharesCommissionEquityAwardExpense
22221 shares
CY2022 RELI Stock Issued During Period Shares Commission Equity Award Expense
StockIssuedDuringPeriodSharesCommissionEquityAwardExpense
0 shares
CY2023 RELI Stock Issued During Period Value Commission Equity Award Expense
StockIssuedDuringPeriodValueCommissionEquityAwardExpense
276400 usd
CY2022 RELI Stock Issued During Period Value Commission Equity Award Expense
StockIssuedDuringPeriodValueCommissionEquityAwardExpense
249650 usd
CY2023 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
875000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1250000 usd
CY2023 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-10025268 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
21561932 usd
CY2023 RELI Deemed Dividends
DeemedDividends
-2539757 usd
CY2022 RELI Deemed Dividends
DeemedDividends
-6930335 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-12565025 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
14631597 usd
CY2023 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
-12565025 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Diluted
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersDiluted
14631597 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2820275 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1094781 shares
CY2022 RELI Effect Of Weighted Average Vested Stock Awards
EffectOfWeightedAverageVestedStockAwards
208 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2820275 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1094989 shares
CY2023 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.46
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
13.36
CY2023 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-4.46
CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
13.36
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
534404 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
598422 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M1D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0608 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M25D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0567 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
320420 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
153831 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
113738 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
117150 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
120665 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
30387 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
856191 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
86685 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
769506 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
CY2023 RELI Changes Due To Payments
ChangesDueToPayments
-3260403 usd
CY2023 RELI Changes Due To Fair Value Adjustments
ChangesDueToFairValueAdjustments
1716873 usd
CY2023 RELI Changes Due To Amount Payable In Common Shares
ChangesDueToAmountPayableInCommonShares
-159867 usd
CY2023 RELI Reclass To Loans Payable Related Parties
ReclassToLoansPayableRelatedParties
-846214 usd
CY2023Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
159867 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
-1704924 usd
CY2022 RELI Changes Due To Fair Value Adjustments
ChangesDueToFairValueAdjustments
524 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2709478 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.089 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.079 pure
CY2023 RELI Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Commitment
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantCommitment
0.093 pure
CY2022 RELI Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Commitment
EffectiveIncomeTaxRateReconciliationChangeInFairValueOfWarrantCommitment
-1.063 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.118 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
0.467 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.002 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.041 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.022 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.509 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.485 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000 pure
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10399616 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4938164 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1462901 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1148836 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
332159 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
771631 usd
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
694358 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
745227 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
151775 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
99002 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
186905 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
300616 usd
CY2023Q4 RELI Deferred Tax Liabilities Lease Liabilities
DeferredTaxLiabilitiesLeaseLiabilities
194403 usd
CY2022Q4 RELI Deferred Tax Liabilities Lease Liabilities
DeferredTaxLiabilitiesLeaseLiabilities
313342 usd
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4027 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1525 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
12084466 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5975846 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12084466 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5975846 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
41300000 usd
CY2023 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
Federal Net Operating Loss Carry forwards, of which $1.3 million will begin to expire beginning 2031
CY2023 RELI Income Tax Expiration Date Description
IncomeTaxExpirationDateDescription
$40.0 million will not expire but are limited to use of 80% of current year taxable income
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
34800000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
6108620 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3140780 usd
CY2023Q1 RELI Deferred Purchase Price
DeferredPurchasePrice
1375000 usd
CY2023Q1 RELI Accrue Interest Rate Percentage
AccrueInterestRatePercentage
0.015 pure

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