Reliance Global Group, Inc.: 10-Q filed 2021-08-17

Name: Reliance Global Group, Inc.: 10-Q filed 2021-08-17
Creator: Reliance Global Group, Inc.

What Reliance Global Group, Inc. reported in its quarterly report filed 2021-08-17 (fiscal Q2 2021): 37 published measures, 101 facts as tagged in accession 0001493152-21-020458.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-08-17
Fiscal period: fiscal Q2 2021
Accession: 0001493152-21-020458 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Reliance Global Group, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-06-30	26,890,287	USD
At 2020-12-31	18,044,687	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-06-30	13,676,742	USD
At 2020-12-31	17,807,699	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2021-06-30	13,213,545	USD
At 2021-03-31	14,257,299	USD
At 2020-12-31	236,988	USD
At 2020-06-30	367,685	USD
At 2020-03-31	1,057,245	USD
At 2019-12-31	642,324	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-1,276,886	USD	91
2021-01-01 to 2021-06-30	-1,890,812	USD	181
2021-01-01 to 2021-03-31	-613,926	USD	90
2020-01-01 to 2020-12-31	-3,681,389	USD	366
2020-04-01 to 2020-06-30	-1,138,413	USD	91
2020-01-01 to 2020-06-30	-2,118,211	USD	182
2020-01-01 to 2020-03-31	-979,798	USD	91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-1,493,252	USD	181
2020-01-01 to 2020-06-30	-246,812	USD	182

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	2,190,847	USD	91
2021-01-01 to 2021-06-30	4,514,577	USD	181
2021-01-01 to 2021-03-31	2,323,730	USD	90
2020-01-01 to 2020-12-31	7,297,146	USD	366
2020-04-01 to 2020-06-30	1,642,018	USD	91
2020-01-01 to 2020-06-30	3,646,332	USD	182

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	9,558,012	USD	181
2020-01-01 to 2020-06-30	1,717,286	USD	182

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-1,761,576	USD	181
2020-01-01 to 2020-06-30	-1,200,000	USD	182

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit
At 2021-06-30	-14,250,492	USD
At 2021-03-31	-12,973,606	USD
At 2020-12-31	-12,359,680	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-06-30	76,335	USD
At 2020-12-31	79,163	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	521,148	USD	181
2020-01-01 to 2020-06-30	843,572	USD	182

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-1,104,790	USD	91
2021-01-01 to 2021-06-30	-1,589,645	USD	181
2020-04-01 to 2020-06-30	-1,025,443	USD	91
2020-01-01 to 2020-06-30	-1,832,961	USD	182

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-06-30	7,763,875	USD
At 2020-12-31	1,436,036	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-06-30	1,559,218	USD
At 2020-12-31	6,884,072	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2021-06-30	220,134	USD
At 2020-12-31	980,943	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit
At 2021-06-30	9,750,492	USD
At 2020-12-31	8,761,725	USD
At 2019-12-31	8,045,263	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2021-06-30	6,747,098	USD
At 2020-12-31	5,982,434	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2021-06-30	787,385	USD
At 2020-12-31	862,597	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	3,295,637	USD	91
2021-01-01 to 2021-06-30	6,104,222	USD	181
2020-04-01 to 2020-06-30	2,667,461	USD	91
2020-01-01 to 2020-06-30	5,479,293	USD	182

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2021-06-30	10,944,439	shares
At 2020-12-31	4,241,028	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2021-06-30	26,041,995	USD
At 2020-12-31	11,377,123	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2021-06-30	1,182,652	USD
At 2020-12-31	433,529	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2021-06-30	1,190,458	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2021-06-30	8,427,890	USD
At 2020-12-31	8,849,280	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2021-06-30	130,925	USD
At 2020-12-31	126,978	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2021-06-30	54,590	USD
At 2020-12-31	47,815	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2021-06-30	6,747,098	USD
At 2020-12-31	5,982,434	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2021-06-30	19,835	USD
At 2020-12-31	1,800	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2021-06-30	16,192	USD
At 2020-12-31	35,022	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2021-06-30	130,817	USD
At 2020-12-31	38,081	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	1,202,350	USD	91
2021-01-01 to 2021-06-30	2,206,751	USD	181
2020-04-01 to 2020-06-30	1,082,752	USD	91
2020-01-01 to 2020-06-30	2,203,872	USD	182

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	4,117	USD	91
2021-01-01 to 2021-06-30	6,775	USD	181
2020-04-01 to 2020-06-30	4,964	USD	91
2020-01-01 to 2020-06-30	9,929	USD	182

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	365,249	USD	91
2021-01-01 to 2021-06-30	695,679	USD	181
2020-04-01 to 2020-06-30	324,027	USD	91
2020-01-01 to 2020-06-30	648,153	USD	182

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2021-04-01 to 2021-06-30	-172,096	USD	91
2021-01-01 to 2021-06-30	-301,167	USD	181
2020-04-01 to 2020-06-30	-112,970	USD	91
2020-01-01 to 2020-06-30	-285,250	USD	182

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	350,175	USD	181
2020-01-01 to 2020-06-30	86,310	USD	182

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	10,496,221	USD	181
2021-02-01 to 2021-02-28	12,420,000	USD	28
2020-01-01 to 2020-06-30	1,000,000	USD	182

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	-75,212	USD	181
2020-01-01 to 2020-06-30	-103,822	USD	182

Inspect the source

Entity: Reliance Global Group, Inc. / CIK 0001812727
Captured: 2026-09-21T17:28:38.794Z
SEC response SHA-256: 1e0e23c3b6ff3bb8f566fe8b433c4c08f6e601d6676575b8f1a970a7b40ee6a0

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with urlopen("https://canlicapital.com/company-data/0001812727.json") as response:
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print(record["policy"])
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