M&A - RELIABILITY INC

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Merger

Type: Update

Accession Number: 000164117225001879

Filing Summary: Reliability Inc., incorporated in Texas, focuses on providing workforce solutions through its subsidiary, The Maslow Media Group, Inc. This report outlines the company's transition and operational activities including the aftermath of a merger with the Vivos Group in 2019, leading to legal disputes over undisclosed debt obligations. Following arbitration, Reliability was awarded damages amounting to a total of $8,177, which include contract and fraud damages. A rehabilitative receiver was appointed to manage the recovery of awarded amounts. The company had 300 million shares of common stock outstanding as of March 31, 2025, and has also been actively managing its operations in various service industries including media and IT solutions while adhering to compliance and staffing obligations.

Document Link: View Document