$EZRA

Reliance Global Group, Inc.

CIK:0001812727|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue:
Total revenue	$ 2,110,815	$ 3,086,677	$ 5,937,607	$ 7,322,897
Operating expenses:
Commission expense	826,991	988,774	2,408,808	2,458,202
Salaries and wages	1,567,040	2,563,519	3,180,151	4,793,357
General and administrative expenses	1,157,649	1,492,839	2,514,230	3,009,067
Marketing and advertising expenses	130,370	67,207	341,018	134,483
Depreciation and amortization	252,976	346,151	557,420	706,746
Total operating expenses	3,935,026	5,458,490	9,001,627	11,101,855
Loss from operations	(1,824,211)	(2,371,813)	(3,064,020)	(3,778,958)
Other income (expense):
Other income (expense), net	(16,266)	(20,100)	(39,266)	(24,598)
Loss from equity method investment	(94,354)		(120,384)
Realized and unrealized gains on digital assets, net	65,206		9,263
Total other (expense) income	(170,073)	(339,088)	(401,432)	(668,828)
Net loss	(1,994,284)	(2,710,901)	(3,465,452)	(4,447,786)
Less: Net loss attributable to noncontrolling interests	(2,913)		(2,913)
Net loss attributable to Reliance Global Group, Inc.	$ (1,991,371)	$ (2,710,901)	$ (3,462,539)	$ (4,447,786)
Basic loss per share	$ (3.26)	$ (33.90)	$ (6.93)	$ (61.20)
Diluted loss per share	$ (3.26)	$ (33.90)	$ (6.93)	$ (61.20)
Weighted average number of shares outstanding-basic	610,289	79,962	518,257	72,680
Weighted average number of shares outstanding-diluted	610,289	79,962	518,257	72,680
Nonrelated Party [Member]
Other income (expense):
Interest expense	$ (124,659)	$ (297,642)	$ (251,045)	$ (598,124)
Related Party [Member]
Other income (expense):
Interest expense		(21,346)		(46,106)
Commission Income [Member]
Revenue:
Commission income	$ 2,110,815	$ 3,086,677	$ 5,937,607	$ 7,322,897

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,465,452)	$ (4,447,786)
Adjustment to reconcile net income to net cash used in operating activities:
Depreciation and amortization	557,420	706,746
Amortization of debt issuance costs and accretion of debt discount	5,356	9,991
Non-cash lease expense	(2,940)	2,646
Equity based compensation expense	31,118	1,852,353
Equity based payments to third parties	370,776	652,189
Loss on equity method investment	120,384
Realized gain on digital assets, net	(9,263)
Change in operating assets and liabilities:
Accounts receivable	1,077	509,750
Accounts receivable, related parties	(26,923)	17
Other receivables	8,494	(14,705)
Prepaid expense and other current assets	(39,551)	(40,537)
Accounts payables and other accrued liabilities	241,256	113,597
Other payables	(23,305)	1,058
Net cash used in continuing operating activities	(2,231,553)	(654,681)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(4,434)	(9,540)
Purchase of intangibles	(13,506)	(17,597)
Sale of digital assets	118,176
Investments in equity investments	(1,334,155)
Net cash used in investing activities	(1,233,919)	(27,137)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal repayments of debt	(742,599)	(768,000)
Proceeds from short term financings	149,934	150,000
Principal repayments of short term financings	(102,723)	(102,618)
Proceeds from loans payable, related parties		1,142,166
Payments of loans payable, related parties	(286,536)	(310,844)
Series J Private Placement		2,148,631
Proceeds from common shares issued through an at the market offering	1,116,653
Proceeds from common shares issued through a public offering	2,526,300
Proceeds from common shares issued through an Equity Line of Credit	11,367
Cash paid for deemed dividends	(130,910)
Net cash provided by continuing financing activities	2,541,486	2,259,335
Net (decrease) increase in cash and restricted cash	(923,986)	1,577,517
Cash and restricted cash at beginning of period	2,731,359	1,797,694
Cash and restricted cash at end of period	$ 1,807,373	$ 3,375,211

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 843,513	$ 1,315,634
Restricted cash	963,860	1,415,725
Other receivables	15,032	23,526
Prepaid expense and other current assets	566,503	766,985
Total current assets	3,164,559	4,271,675
Property and equipment, net	69,132	77,196
Right-of-use assets	762,097	897,610
Equity Investments	1,213,771
Intangibles, net	2,856,563	3,387,980
Goodwill	4,786,555	4,786,555
Digital assets, fair value		108,913
Other non-current assets	18,492	18,492
Total assets	12,871,169	13,548,421
Current liabilities:
Accounts payable and other accrued liabilities	894,558	653,293
Short-term financing agreements	106,153	58,942
Other payables	59,957	83,263
Current portion of long-term debt	595,676	1,038,294
Operating lease liability, current portion	279,520	276,470
Total current liabilities	1,935,864	2,396,808
Long term debt, less current portion	3,768,347	4,062,972
Operating lease liability, less current portion	519,708	661,211
Total liabilities	6,223,919	7,120,991
Stockholders’ equity:
Preferred stock, $0.086 par value; 750,000,000 shares authorized and 0 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.086 par value; 50,000,000 shares authorized and 820,948 and 266,103 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	70,602	22,885
Additional paid-in capital	65,103,404	61,465,850
Accumulated deficit	(58,523,843)	(55,061,305)
Total Reliance Global Group, Inc. stockholders’ equity	6,650,163	6,427,430
Noncontrolling interest	(2,913)
Total stockholders’ equity	6,647,250	6,427,430
Total liabilities and stockholders’ equity	12,871,169	13,548,421
Nonrelated Party [Member]
Current assets:
Accounts receivable	745,198	746,275
Related Party [Member]
Current assets:
Accounts receivable	30,453	3,530
Current liabilities:
Current portion of loans payables, related parties		$ 286,546