XML 226 R49.htm IDEA: XBRL DOCUMENT v3.20.4

Debt (Fortman Insurance Agency, LLC)

12 Months Ended

Dec. 31, 2018

Fortman Insurance Agency, LLC [Member]

Debt

NOTE 4. DEBT

Debt consisted of the following at:

		December 31, 2018				December 31, 2017
Vehicle note payable due December 2022		$	-			$	42,412
Vehicle note payable due February 2022			21,905				28,501
Vehicle note payable due August 2022			21,616				-
			43,521				70,913
Less: current portion			14,677				13,037
Long-term debt		$	28,844			$	57,876

Future minimum payments approximate the following as of December 31, 2018:

Years ending December 31,
2019		$	14,677
2020			14,677
2021			11,975
2022			2,191
Total		$	43,521

Note Payables

On December 28, 2016, the Company entered into a note agreement with a financial institution whereby the Company borrowed $50,160 for the purchase of a vehicle. The note bears an interest rate of 3% and requires monthly payments of principal and interest until the note matures on December 27, 2022. This note is collateralized by the vehicle. As of December 31, 2018, and 2017, this note payable had an outstanding principal balance of $0 and $42,412, respectively.

On February 26, 2016, the Company entered into a note agreement with a financial institution whereby the Company borrowed $40,210 for the purchase of a vehicle. The note bears an interest rate of 2.25% and requires monthly payments of principal and interest until the note matures on February 26, 2022. This note is collateralized by the vehicle. As of December 31, 2018, and 2017, this note payable had an outstanding principal balance of $21,905 and $28,501, respectively.

On August 11, 2018, the Company entered into a note agreement with a financial institution whereby the Company borrowed $23,430 for the purchase of a vehicle. The note bears an interest rate of 7.15% and requires monthly payments of principal and interest until the note matures on August 17, 2022. This note is collateralized by the vehicle. As of December 31, 2018, and 2017, this note payable had an outstanding principal balance of $21,616 and $0, respectively.

X

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

+ Details

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	dei_LegalEntityAxis=RELI_FortmanInsuranceAgencyLLCMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: