XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.2.2

STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Medigap Healthcare Insurance Company [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF PURCHASE PRICE | The preliminary allocation of the purchase price in connection with the acquisition of Medigap was calculated as follows: SCHEDULE OF ALLOCATION OF PURCHASE PRICE
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Property, plant and equipment |  | $ | 20,666 |  |  |  | 5 |
Right-of-use asset |  |  | 317,787 |  |  |  |  |
Trade names |  |  | 340,000 |  |  |  | 15 |
Customer relationships |  |  | 4,550,000 |  |  |  | 12 |
Technology |  |  | 67,000 |  |  |  | 3 |
Backlog |  |  | 210,000 |  |  |  | 1 |
Chargeback reserve |  |  | (1,484,473 | ) |  |  |  |
Lease liability |  |  | (317,787 | ) |  |  |  |
Goodwill |  |  | 19,199,008 |  |  |  | Indefinite |
|  | $ | 22,902,201 |  |  |  |  |
SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION | SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |
Revenue |  | $ | 8,809,482 |  |  | $ | 7,071,329 |
Net Income (Loss) |  | $ | 19,849,175 |  |  | $ | (1,796,767 | )
Earnings (Loss) per common share, basic |  | $ | 0.75 |  |  | $ | (0.19 | )
Earnings (Loss) per common share, diluted |  | $ | (0.59 | ) |  | $ | (0.19 | )
Barra [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF PURCHASE PRICE | The preliminary allocation of the purchase price in connection with the acquisition of Barra was calculated as follows: SCHEDULE OF ALLOCATION OF PURCHASE PRICE
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years) |
Acquired accounts receivable |  | $ | 92,585 |  |  |  |  |
Property, plant and equipment |  |  | 8,593 |  |  |  | 7 |
Right-of-use asset |  |  | 122,984 |  |  |  |  |
Trade names |  |  | 22,000 |  |  |  | 4 |
Customer relationships |  |  | 550,000 |  |  |  | 10 |
Agency relationships |  |  | 2,585,000 |  |  |  | 10 |
Developed technology |  |  | 230,000 |  |  |  | 5 |
Lease liability |  |  | (122,984 | ) |  |  |  |
Goodwill |  |  | 4,236,822 |  |  |  | Indefinite |
|  | $ | 7,725,000 |  |  |  |  |
SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION | SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION
|  | June 30, |  |  | June 30, |
|  | 2022 |  |  | 2021 |
Revenue |  | $ | 8,990,529 |  |  | $ | 5,364,335 |
Net Income (Loss) |  | $ | 20,070,124 |  |  | $ | (1,527,038 | )
Earnings (Loss) per common share, basic |  | $ | 0.76 |  |  | $ | (0.16 | )
Earnings (Loss) per common share, diluted |  | $ | (0.58 | ) |  | $ | (0.16 | )

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

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