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

GLOSSARY OF DEFINED TERMS

GLOSSARY OF CERTAIN DEFINED TERMS

The following definitions apply to terms used in this documents:


2004 Plan	2004 Stock Option Plan
2016 Plan	2016 Equity Incentive Plan
A&R Agreement	March 25, 2025 Amended and Restated Registration Rights Agreement
Adjusted EBITDA	Adjusted Earnings Before Interest, Tax, Depreciation, and Amortization
AI	Artificial Intelligence
AML	Anti-Money Laundering
ASC	Accounting Standards Codification
ASU	Accounting Standards Update
ASU 2023-07	ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
ASU 2023-09	ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures
ASU 2024-03	ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses
Avail Transaction	The acquisition of Avail Recovery Solutions, LLC on October 29, 2021
Board	Board of Directors
CARES Act	Coronavirus Aid, Relief, and Economic Security Act
CODM	Chief Operating Decision Maker
Company	Envela Corporate and Subsidiaries
COSO	Committee of Sponsoring Organizations of the Treadway Commission
DCP	Defined Contribution 401(k) Plan
Dodd-Frank Act	Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
Eduro	Eduro Holdings, LLC
ERTC	Employee Retention Tax Credit
ESG	Environmental, Social, and Governance
Exchange	New York Stock Exchange American
Exchange Act	Securities Exchange Act of 1934
Financial Statements	The Related Consolidated Statements of Income, Stockholders’ Equity, and Cash Flows
FSB	Farmer's State Bank of Oakley, Kansas
IRS	Internal Revenue Service
Indemnification Agreement	March 25, 2025 indemnification agreement between Envela Corporation and its directors and officers
Indemnitee	The directos and officers subject to the Indemnification Agreement
IT	Information Technology
ITAD	Information Technology Asset Disposition
LTIFR	Lost Time Injury Frequency Rate ([Number of Lost Time Injuries in the Reporting Period x 200,000]/(Total Hours Worked in the Reporting Period)
Metric ton	1 metric ton equals 2,204.62 pounds
NYSE	New York Stock Exchange
N10TR	N10TR, LLC
Net Cash	The difference between (i) cash and cash equivalents and (ii) the sum of debt obligations
PCAOB	Public Company Accounting Oversight Board
Previous Stockholders	Stockholders that were party to the Prior Agreements
Prior Agreements	The three separate registration rights agreements, two of which being dated as of September 12, 2011, and the third being dated as of June 20, 2016
Registrable Securities	Shares of the Company’s common stock held by Eduro Holdings, LLC
Securities Act	Securities Act of 1933
Scottsdale Transaction	September 12, 2024 purchase agreement relating to the acquisition of the assets of a bespoke fabricator of jewelry in Scottsdale, Arizona
SEC	U.S. Securities and Exchange Commission
SOW	Scope of Work

TBT	Texas Bank & Trust
TRIFR	Total Recordable Injury Frequency Rate ([Number of Injuries in the Reporting Period x 200,000]/(Total Hours Worked in the Reporting Period)
U.S.	United States
U.S. Dollar	$
U.S. GAAP	United States Generally Accepted Accounting Principles

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.