XML 243 R66.htm IDEA: XBRL DOCUMENT
v3.20.4

Strategic Investments and Business Combination (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Dec. 31, 2019
Southwestern Montana Financial Center, Inc. [Member] |  |
Schedule of Allocation of Purchase Price | The allocation of the purchase price in connection with the SWMT Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Customer relationships |  | $ | 561,000 |  |  |  | 10 |
Non-competition agreements |  |  | 599,200 |  |  |  | 5 |
Goodwill |  |  | 1,217,790 |  |  |  | Indefinite |
Fixed assets |  |  | 41,098 |  |  |  | 5-7 |
Loan Payable |  |  | (24,579 | ) |  |  |  |
|  | $ | 2,394,509 |  |  |  |  |
| The allocation of the purchase price in connection with the SWMT Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Customer relationships |  | $ | 561,000 |  |  |  | 10 |
Non-competition agreements |  |  | 599,200 |  |  |  | 5 |
Goodwill |  |  | 1,217,790 |  |  |  | Indefinite |
Fixed assets |  |  | 41,098 |  |  |  | 5-7 |
Loan Payable |  |  | (24,579 | ) |  |  |  |
|  | $ | 2,394,509 |  |  |  |  |
Fortman Insurance Agency, LLC [Member] |  |
Schedule of Allocation of Purchase Price | The allocation of the purchase price in connection with the FIS Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Trade name and trademarks |  | $ | 289,400 |  |  |  | 5 |
Customer relationships |  |  | 1,824,000 |  |  |  | 10 |
Non-competition agreements |  |  | 752,800 |  |  |  | 5 |
Goodwill |  |  | 1,269,731 |  |  |  | Indefinite |
Fixed assets |  |  | 19,924 |  |  |  | 5-7 |
Prepaid rent |  |  | 550 |  |  |  |  |
|  | $ | 4,156,405 |  |  |  |  |
| The allocation of the purchase price in connection with the FIS Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Trade name and trademarks |  | $ | 289,400 |  |  |  | 5 |
Customer relationships |  |  | 1,824,000 |  |  |  | 10 |
Non-competition agreements |  |  | 752,800 |  |  |  | 5 |
Goodwill |  |  | 1,269,731 |  |  |  | Indefinite |
Fixed assets |  |  | 19,924 |  |  |  | 5-7 |
Prepaid rent |  |  | 550 |  |  |  |  |
|  | $ | 4,156,405 |  |  |  |  |
Altruis Benefits Consulting, LLC [Member] |  |
Schedule of Allocation of Purchase Price | The allocation of the purchase price in connection with the ABC Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Cash |  | $ | 1,850,037 |  |  |  |  |
Trade name and trademarks |  |  | 714,600 |  |  |  | 5 |
Customer relationships |  |  | 753,000 |  |  |  | 10 |
Non-competition agreements |  |  | 1,168,600 |  |  |  | 5 |
Goodwill |  |  | 4,949,329 |  |  |  | Indefinite |
Fixed assets |  |  | 85 |  |  |  | 5 |
Payable to seller |  |  | (1,747,483 | ) |  |  |  |
|  | $ | 7,688,168 |  |  |  |  |
| The allocation of the purchase price in connection with the ABC Transaction was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Cash |  | $ | 1,850,037 |  |  |  |  |
Trade name and trademarks |  |  | 714,600 |  |  |  | 5 |
Customer relationships |  |  | 753,000 |  |  |  | 10 |
Non-competition agreements |  |  | 1,168,600 |  |  |  | 5 |
Goodwill |  |  | 4,949,329 |  |  |  | Indefinite |
Fixed assets |  |  | 85 |  |  |  | 5 |
Payable to seller |  |  | (1,747,483 | ) |  |  |  |
|  | $ | 7,688,168 |  |  |  |  |
UIS Agency, LLC [Member] |  |
Schedule of Allocation of Purchase Price | The allocation of the purchase price in connection with the UIS Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Cash |  | $ | 5,772 |  |  |  |  |
Trade name and trademarks |  |  | 35,600 |  |  |  | 5 |
Customer relationships |  |  | 100,000 |  |  |  | 10 |
Non-competition agreements |  |  | 25,500 |  |  |  | 5 |
Goodwill |  |  | 716,462 |  |  |  | Indefinite |
|  | $ | 883,334 |  |  |  |  |
U.S. Benefits Alliance, LLC [Member] |  |
Schedule of Allocation of Purchase Price |  | The allocation of the purchase price in connection with the USBA Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Trade name and trademarks |  | $ | 6,520 |  |  |  | 3 |
Customer relationships |  |  | 116,100 |  |  |  | 9 |
Non-competition agreements |  |  | 48,540 |  |  |  | 5 |
Goodwill |  |  | 578,840 |  |  |  | Indefinite |
|  | $ | 750,000 |  |  |  |  |
Employee Benefit Solutions, Inc [Member] |  |
Schedule of Allocation of Purchase Price |  | he allocation of the purchase price in connection with the EBS Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Trade name and trademarks |  | $ | 33,140 |  |  |  | 20 |
Customer relationships |  |  | 47,630 |  |  |  | 9 |
Non-competition agreements |  |  | 42,320 |  |  |  | 5 |
Goodwill |  |  | 274,956 |  |  |  | Indefinite |
Fixed assets |  |  | 1,954 |  |  |  | 5-7 |
|  | $ | 400,000 |  |  |  |  |
Commercial Solutions of Insurance Agency, LLC [Member] |  |
Schedule of Allocation of Purchase Price |  | The allocation of the purchase price in connection with the CSIA Acquisition was calculated as follows:
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Cash |  | $ | 13,500 |  |  |  | N/A |
Fixed Assets |  |  | 1,638 |  |  |  | 5-7 |
Customer relationships |  |  | 284,560 |  |  |  | 11 |
Non-competition agreements |  |  | 40,050 |  |  |  | 5 |
Trade name and trademarks |  |  | 8,500 |  |  |  | 2 |
Goodwill |  |  | 851,752 |  |  |  | Indefinite |
|  | $ | 1,200,000 |  |  |  |  |

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_SouthwesternMontanaFinancialCenterIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_FortmanInsuranceAgencyLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_AltruisBenefitsConsultingIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_UISAgencyLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_USBenefitsAllianceLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_EmployeeBenefitSolutionsIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=RELI_CommercialSolutionsOfInsuranceAgencyLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |