Envela Corp

For the period ended Dec 31, 2024. Filed Mar 26, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 26, 2025

ELA$10.77-0.4%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

CONSOLIDATED BALANCE SHEETS


· December 31, · December 31,
· · 2024 · · 2023 ·
Assets · · · · ·
Current assets: · ·
Cash and cash equivalents	$20,609,003	$17,853,853
Accounts receivable, net of allowances	4,384,238	7,811,159
Notes receivable	2,000	4,700
Inventories	25,705,524	23,146,177
Prepaid expenses	874,203	1,082,425
Other current assets	28,839	—
Total current assets	51,603,807	49,898,314

Property and equipment, net	13,515,162	10,764,224
Right-of-use assets from operating leases	4,741,326	4,189,621
Goodwill	3,621,453	3,921,453
Intangible assets, net	4,097,778	4,499,170
Deferred tax asset	49,526	—
Other assets	241,437	201,447

Total assets	$77,870,489	$73,474,229

Liabilities and stockholders’ equity
Current liabilities:
Accounts payable	$3,177,550	$3,126,743
Notes payable	3,591,351	1,361,443
Operating lease liabilities	2,078,505	1,807,729
Accrued expenses	3,215,343	2,486,423
Other current liabilities	455,385	211,651
Total current liabilities	12,518,134	8,993,989

Deferred tax liability	—	38,668
Notes payable, less current portion	9,930,828	13,572,048
Operating lease liabilities, less current portion	2,769,389	2,560,671

Total liabilities	$25,218,351	$25,165,376

Contingencies (Note 17)

Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding	—	—
Common stock, $0.01 par value; 60,000,000 shares authorized; 26,924,631 shares issued and 25,995,701 shares outstanding as of December 31, 2024; 26,924,631 shares issued and 26,508,658 shares outstanding as of December 31, 2023	269,246	269,246
Treasury stock at cost, 928,930 and 415,973 shares, as of December 31, 2024 and December 31, 2023, respectively	(4,568,823)	(2,155,049)
Additional paid-in capital	40,173,000	40,173,000
Retained earnings	16,778,715	10,021,656

Total stockholders’ equity	52,652,138	48,308,853

Total liabilities and stockholders’ equity	$77,870,489	$73,474,229

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.