Reliant Holdings, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Reliant Holdings, Inc. has filed its 2023 10-K, detailing its financial performance and corporate activities for the fiscal year ending December 31, 2023.</b>

AI Summary

Reliant Holdings, Inc. (ONAR) filed a Annual Report (10-K) with the SEC on April 18, 2024. Reliant Holdings, Inc. filed its 2023 Form 10-K on April 18, 2024, reporting on the fiscal year ending December 31, 2023. The company is incorporated in Nevada and operates in the Construction Special Trade Contractors industry. Key financial statement dates include December 31, 2023, and January 1, 2023, for reporting periods. The filing references various agreements and stock types, including Series A Preferred Stock and Restricted Stock. Specific individuals like Elijah May and Mr. Moats are mentioned in relation to agreements and settlements.

Why It Matters

For investors and stakeholders tracking Reliant Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Reliant Holdings' financial health, operational structure, and any significant legal or business developments during the 2023 fiscal year. Investors and stakeholders can use this report to assess the company's performance, identify potential risks, and make informed decisions regarding their investment in Reliant Holdings.

Risk Assessment

Risk Level: low — Reliant Holdings, Inc. shows low risk based on this filing. The filing is a standard 10-K report with no immediate red flags indicating high risk, but detailed financial and risk factor analysis would be needed for a complete assessment.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand the company's financial position and operational challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period end date)
• 2024-04-18 — Filing Date (Date the 10-K was filed)
• 1700 — SIC Code (Standard Industrial Classification for the company)
• 512-917-2930 — Business Phone (Company contact number)

Key Players & Entities

• Reliant Holdings, Inc. (company) — Filer name
• 0001477932-24-002220 (filing_id) — Accession number
• 20231231 (date) — Conformed period of report
• 20240418 (date) — Filed as of date
• NV (location) — State of incorporation
• Elijah May (person) — Mentioned in relation to Series A Preferred Stock and Restricted Stock.
• Mr. Moats (person) — Mentioned in relation to Formal Settlement Agreement.
• Austin, TX (location) — Business address city and state

FAQ

Industry Context

Reliant Holdings, Inc. operates within the Construction Special Trade Contractors sector, indicating a focus on specialized construction services.

Regulatory Implications

As a publicly traded company, Reliant Holdings, Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC) under the 1934 Act.

What Investors Should Do

1. Analyze the full 10-K document for detailed financial statements, including revenue, net income, and balance sheet information.
2. Examine the 'Risk Factors' section to understand potential challenges and uncertainties facing Reliant Holdings.
3. Review any disclosures related to executive compensation, legal proceedings, or significant business events mentioned in the filing.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-18: 10-K Filing Date — Date the annual report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for Reliant Holdings, Inc. as indicated by the lack of prior filing data for comparison.

Key Financial Figures

• $0.001 — ction 12(g) of the Act: Common Stock, $0.001 Par Value Per share Indicate by check
• $221,000 — ompany obtained a construction loan for $221,000 for the construction costs associated w
• $186,404 — sts associated with the build, of which $186,404 was outstanding as of December 31, 2022
• $220,309 — outstanding as of December 31, 2022 and $220,309 was outstanding as of December 31, 2023
• $540,000 — ontract for an estimated sales price of $540,000. Page 4 of 60 Table of Contents I
• $123,047 — ur pools has decreased to approximately $123,047 for fiscal 2022, down from $165,865 fro
• $165,865 — ely $123,047 for fiscal 2022, down from $165,865 from the previous year. Custom Homes
• $2,454,802 — Number of Customers We had revenue of $2,454,802 for the year ended December 31, 2023, c
• $4,616,404 — cember 31, 2023, compared to revenue of $4,616,404 for the year ended December 31, 2022, r
• $6.8 billion — market size was valued at approximately $6.8 billion in 2019, and is expected to reach appro
• $7.4 billion — and is expected to reach approximately $7.4 billion by 2027, registering a compound annual

Filing Documents

• relt_10k.htm (10-K) — 1070KB
• relt_ex211.htm (EX-21.1) — 1KB
• relt_ex231.htm (EX-23.1) — 2KB
• relt_ex232.htm (EX-23.2) — 2KB
• relt_ex311.htm (EX-31.1) — 13KB
• relt_ex321.htm (EX-32.1) — 5KB
• relt_10kimg18.jpg (GRAPHIC) — 15KB
• relt_10kimg23.jpg (GRAPHIC) — 9KB
• relt_10kimg22.jpg (GRAPHIC) — 6KB
• relt_10kimg17.jpg (GRAPHIC) — 11KB
• 0001477932-24-002220.txt (&nbsp;) — 3838KB
• relt-20231231.xsd (EX-101.SCH) — 35KB
• relt-20231231_lab.xml (EX-101.LAB) — 210KB
• relt-20231231_cal.xml (EX-101.CAL) — 39KB
• relt-20231231_pre.xml (EX-101.PRE) — 171KB
• relt-20231231_def.xml (EX-101.DEF) — 89KB
• relt_10k_htm.xml (XML) — 367KB

BUSINESS

BUSINESS 4 ITEM 1A.

RISK FACTORS

RISK FACTORS 12 ITEM 1B. UNRESOLVED STAFF COMMENTS 36 ITEM 1C. CYBERSECURITY 37 ITEM 2.

PROPERTIES

PROPERTIES 37 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 37 ITEM 4. MINE SAFETY DISCLOSURES 37 PART II ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 38 ITEM 6. [RESERVED] 39 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 39 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 45 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA

FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA F-1 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 46 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 46 ITEM 9B. OTHER INFORMATION 47 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 47 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 48 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 51 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 52 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 54 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 55 PART IV ITEM 15. EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES 57 ITEM 16. FORM 10-K SUMMARY 59 Page 2 of 60 Table of Contents PART I CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This Annual Report on Form 10-K (this " Report ") contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: " anticipate, " " believe, " " continue, " " could, " " estimate, " " expect, " " intend, " " may, " " ongoing, " " plan, " " potential, " " predict, " " project, " " should, " or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Report. These factors include: the need for additional funding; our lack of a significant operating history; the fact that our sole officer and director has control over our voting stock; the loss of key personnel or failure to attract, integrate and retain additional

BUSINESS

ITEM 1. BUSINESS Summary Matters and Definitions In this Annual Report on Form 10-K (this " Report "), we may rely on and refer to information regarding the industries in which we operate in general from market research reports, analyst reports and other publicly available information. Although we believe that this information is reliable, we cannot guarantee the accuracy and completeness of this information, none of this information has been commissioned by us, and we have not independently verified any of it. Unless the context requires otherwise, references to the " Company, " " we, " " us, " " our, " " Reliant ", " Reliant Holdings " and " Reliant Holdings, Inc. " refer specifically to Reliant Holdings, Inc. and its consolidated subsidiaries. In addition, unless the context otherwise requires and for the purposes of this Report only: " Exchange Act " refers to the Securities Exchange Act of 1934, as amended; " SEC " or the " Commission " refers to the United States Securities and Exchange Commission; and " Securities Act " refers to the Securities Act of 1933, as amended. Organizational History We were formed as a Nevada corporation on May 19, 2014. On May 23, 2014, we, along with Reliant Pools, Inc. (" Reliant Pools ") and the stockholders of Reliant Pools, entered into an Agreement for the Exchange of Common Stock (the " Exchange Agreement "). Pursuant to the Exchange Agreement, the stockholders of Reliant Pools exchanged 2.1 million shares of common stock, representing 100% of the outstanding common stock of Reliant Pools, for 2.1 million shares of our common stock (the " Exchange "). As a result of the Exchange, Reliant Pools became our wholly-owned subsidiary. The President of Reliant Pools, and its largest stockholder at the time of the Exchange was Michael Chavez, our then President, then Chief Executive Officer and then sole director. The following shares of restricted common stock were issued in connection with the Exchange: 900,000 shares

View Full Filing

View this 10-K filing on SEC EDGAR