Reliance Global Group, Inc. (RELI) Financial Statements (2024 and earlier)
Company Profile
Business Address |
300 BOULEVARD OF THE AMERICAS, LAKEWOOD, NJ 08701 |
State of Incorp. | FL |
Fiscal Year End | December 31 |
Industry (SIC) | 6411 - Insurance Agents, Brokers, and Service (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets | ||||||
Cash, cash equivalents, and short-term investments | 505 | 4,136 | 530 | |||
Cash and cash equivalents | 505 | 4,136 | 530 | |||
Receivables | 1,106 | 1,032 | 242 | |||
Other undisclosed current assets | 1,654 | 2,813 | 38 | |||
Total current assets: | 3,265 | 7,982 | 810 | |||
Noncurrent Assets | ||||||
Operating lease, right-of-use asset | 1,182 | 1,068 | 434 | |||
Property, plant and equipment | 187 | 130 | 376 | |||
Intangible assets, net (including goodwill) | 32,870 | 17,129 | 14,951 | |||
Goodwill | 19,113 | 10,050 | 9,265 | |||
Intangible assets, net (excluding goodwill) | 13,757 | 7,079 | 5,686 | |||
Regulated entity, other noncurrent assets | 314 | 135 | 186 | |||
Other noncurrent assets | 23 | 17 | 2 | |||
Other undisclosed noncurrent assets | 586 | 1,215 | 1,164 | |||
Total noncurrent assets: | 35,162 | 19,694 | 17,112 | |||
TOTAL ASSETS: | 38,428 | 27,676 | 17,922 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities, including: | 1,458 | 2,759 | 1,016 | |||
Accounts payable | 1,221 | 547 | 981 | |||
Accrued liabilities | 131 | 2,170 | 35 | |||
Other undisclosed accounts payable and accrued liabilities | 105 | 42 | ||||
Debt | 1,273 | 914 | 963 | |||
Business combination, contingent consideration, liability | 2,153 | 3,298 | ||||
Due to related parties | ✕ | 4,523 | ||||
Other undisclosed current liabilities | 2,910 | 38,010 | 382 | |||
Total current liabilities: | 7,794 | 44,981 | 6,884 | |||
Noncurrent Liabilities | ||||||
Long-term debt and lease obligation | 12,350 | 7,891 | 8,149 | |||
Long-term debt, excluding current maturities | 12,350 | 7,085 | 7,886 | |||
Liabilities, other than long-term debt | 2,940 | 870 | 2,775 | |||
Due to related parties | ✕ | 1,670 | 354 | 143 | ||
Operating lease, liability | 714 | 805 | 263 | |||
Business combination, contingent consideration, liability | 556 | 516 | 2,631 | |||
Other undisclosed noncurrent liabilities | 6,433 | |||||
Total noncurrent liabilities: | 21,722 | 8,760 | 10,924 | |||
Total liabilities: | 29,517 | 53,742 | 17,808 | |||
Equity | ||||||
Equity, attributable to parent | 8,911 | (26,066) | 114 | |||
Preferred stock | 34 | |||||
Common stock | 105 | 941 | 364 | |||
Common stock, value, subscriptions | 822 | |||||
Additional paid in capital | 35,798 | 26,451 | 11,377 | |||
Accumulated deficit | (26,992) | (33,458) | (12,482) | |||
Stockholders' equity note, subscriptions receivable | (20,000) | |||||
Other undisclosed equity | 0 | |||||
Total equity: | 8,911 | (26,066) | 114 | |||
TOTAL LIABILITIES AND EQUITY: | 38,428 | 27,676 | 17,922 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|---|
Revenues | 16,756 | 9,710 | 7,280 | ||
Gross profit: | 16,756 | 9,710 | 7,280 | ||
Operating expenses | (38,455) | (12,623) | (10,924) | ||
Operating loss: | (21,699) | (2,912) | (3,644) | ||
Nonoperating income (expense) | 28,165 | (18,186) | (55) | ||
Other nonoperating expense | (900) | (533) | (563) | ||
Interest and debt expense | 509 | ||||
Income (loss) from continuing operations before income taxes: | 6,466 | (21,098) | (3,190) | ||
Other undisclosed loss from continuing operations | |||||
Income (loss) from continuing operations: | 6,466 | (21,098) | (3,190) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (21,098) | (3,190) | |
Loss from discontinued operations | |||||
Net income (loss): | 6,466 | (21,098) | (3,190) | ||
Other undisclosed net loss attributable to parent | (509) | ||||
Net income (loss) attributable to parent: | 6,466 | (21,098) | (3,699) | ||
Other undisclosed net income available to common stockholders, basic | |||||
Net income (loss) available to common stockholders, basic: | 6,466 | (21,098) | (3,699) | ||
Other undisclosed net income (loss) available to common stockholders, diluted | (6,930) | ||||
Net income (loss) available to common stockholders, diluted: | (464) | (21,098) | (3,699) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
---|---|---|---|---|---|
Net income (loss): | 6,466 | (21,098) | (3,190) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 6,466 | (21,098) | (3,190) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.