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 investments5054,136530
Cash and cash equivalents5054,136530
Receivables1,1061,032242
Other undisclosed current assets1,6542,81338
Total current assets:3,2657,982810
Noncurrent Assets
Operating lease, right-of-use asset1,1821,068434
Property, plant and equipment187130376
Intangible assets, net (including goodwill)32,87017,12914,951
Goodwill19,11310,0509,265
Intangible assets, net (excluding goodwill)13,7577,0795,686
Regulated entity, other noncurrent assets 314135186
Other noncurrent assets23172
Other undisclosed noncurrent assets 5861,2151,164
Total noncurrent assets:35,16219,69417,112
TOTAL ASSETS:38,42827,67617,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4582,7591,016
Accounts payable1,221547981
Accrued liabilities 1312,17035
Other undisclosed accounts payable and accrued liabilities 10542 
Debt1,273914963
Business combination, contingent consideration, liability2,1533,298 
Due to related parties  4,523
Other undisclosed current liabilities2,91038,010382
Total current liabilities:7,79444,9816,884
Noncurrent Liabilities
Long-term debt and lease obligation12,3507,8918,149
Long-term debt, excluding current maturities12,3507,0857,886
Liabilities, other than long-term debt2,9408702,775
Due to related parties1,670354143
Operating lease, liability714805263
Business combination, contingent consideration, liability 5565162,631
Other undisclosed noncurrent liabilities6,433  
Total noncurrent liabilities:21,7228,76010,924
Total liabilities:29,51753,74217,808
Equity
Equity, attributable to parent8,911(26,066)114
Preferred stock   34
Common stock105941364
Common stock, value, subscriptions   822
Additional paid in capital35,79826,45111,377
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:38,42827,67617,922

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues16,7569,7107,280
Gross profit:16,7569,7107,280
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.

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