Envela Corp
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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FY2024 · Filed Mar 26, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 2. PROPERTIES
Our facilities by segment and geography were as follows as of December 31, 2024:
| | | | | |
|---|---|---|---|---|
| · · Number of Facilities | ||||
| · Owned · Leased | ||||
| Consumer | ||||
| Arizona | 2 | 2 | ||
| South Carolina | — | 1 | ||
| Texas(1) | 3 | 7 | ||
| | | | | |
| Sub-total | 5 | 10 | ||
| | | | | |
| Commercial | ||||
| Arizona | — | 1 | ||
| Texas | — | 2 | ||
| | | | | |
| Sub-total | — | 3 | ||
| | | | | |
| Corporate | ||||
| Texas(1) | 1 | — | ||
| | | | | |
| Sub-total | 1 | — | ||
| | | | | |
| | 6 | 13 | ||
| (1) | The Texas-owned properties are encumbered by debt facilities, see Note 14 – Debt for further details. |
Our leases begin to expire starting in 2025 through 2030, with six leases having a right of renewal. Both segments regularly evaluate each of their locations in terms of profitability, effectiveness and fit with their long-term strategy.
In management’s opinion, these properties have been well maintained, are in good operating condition, and contain all necessary equipment and facilities for their intended purposes.
See Note 12 – Leases for further details on leased facilities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.