v3.26.1
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