Envela Corp
For the period ended Dec 31, 2025. Filed Mar 18, 2026.
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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.
FY2025 · Filed Mar 18, 2026
ELA$10.54-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Operations | | | | | | |
| Net income | | $14,596,978 | | $6,757,059 | ||
| Adjustments to reconcile net income to net cash provided by operations: | | | | | ||
| Depreciation and amortization | | 1,866,589 | | 1,551,774 | ||
| Provision for credit losses | | 317,680 | | 234,853 | ||
| Deferred taxes | | 196,907 | | (88,194) | ||
| Non-cash lease expense | | 2,566,279 | | 2,083,178 | ||
| Loss on disposal of equipment | | | 5,491 | | | 7,084 |
| Changes in operating assets and liabilities: | | | | | ||
| Accounts receivable | | (6,917,633) | | 3,192,068 | ||
| Inventories | | (9,360,441) | | (2,559,347) | ||
| Prepaid expenses | | (365,280) | | 208,222 | ||
| Other assets | | 25,751 | | (64,129) | ||
| Accounts payable | | 1,116,893 | | 50,807 | ||
| Accrued expenses | | (424,340) | | 728,920 | ||
| Operating leases | | (2,459,910) | | (2,155,389) | ||
| Other liabilities | | 1,415,830 | | 243,734 | ||
| | | | | | | |
| Net cash provided by operations | | 2,580,794 | | 10,190,640 | ||
| | | | | | | |
| Investing | | | | | ||
| Purchase of property and equipment | | (1,200,515) | | (3,459,506) | ||
| Purchase of intangible assets | | (50,631) | | (298,898) | ||
| Proceeds from (investment in) notes receivable | | | 2,000 | | | (2,000) |
| Proceeds from the sale of equipment | | | 650 | | | — |
| | | | | | | |
| Net cash (used in) investing | | (1,248,496) | | (3,760,404) | ||
| | | | | | | |
| Financing | | | | | ||
| Payments on notes payable | | (3,597,544) | | (1,261,312) | ||
| Purchase of treasury stock | | | (188,908) | | | (2,413,774) |
| | | | | | | |
| Net cash (used in) financing | | (3,786,452) | | (3,675,086) | ||
| | | | | | | |
| Net change in cash and cash equivalents | | (2,454,154) | | 2,755,150 | ||
| Cash and cash equivalents, beginning of period | | 20,609,003 | | 17,853,853 | ||
| | | | | | | |
| Cash and cash equivalents, end of period | | $18,154,849 | | $20,609,003 | ||
| | | | | | | |
| Supplemental cash flow information | | | | | ||
| Cash paid during the period for: | | | | | ||
| Interest | | $419,571 | | $449,032 | ||
| Income Taxes | | $2,834,505 | | $2,270,708 | ||
| | | | | | | |
| Supplemental noncash investing and financing activities | | | | | | |
| Scottsdale Transaction measurement period adjustment, addition to intangible assets, reduction to goodwill | | | — | | | 27,500 |
| Scottsdale Transaction measurement period adjustment, addition to property and equipment, reduction to goodwill | | | — | | | 122,500 |
| Scottsdale Transaction measurement period adjustment, reduction to notes payable, reduction to goodwill | | | — | | | 150,000 |
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