Envela Corp 10-Q

ITEM 5. OTHER INFORMATION N o n e ​ 51 Table of Contents ITEM 6. EXHIBITS ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exhibit Number Description Filed Herein Incorporated by Reference Form Date Filed with SEC Exhibit Number 3.1 ​ Amended and Restated Bylaws, dated April 17, 2025 ​ ​ ​ X ​ 8-K ​ April 23, 2025 ​ 3.1 10.1 ​ 2025 Equity Incentive Plan of Envela Corporation ​ X ​ ​ ​ ​ ​ ​ ​ ​ 31.1 ​ Certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 implementing Section 302 of the Sarbanes-Oxley Act of 2002 by John R. Loftus ​ X ​ ​ ​ ​ ​ ​ ​ ​ 31.2 ​ Certification pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934 implementing Section 302 of the Sarbanes-Oxley Act of 2002 by John G. DeLuca ​ X ​ ​ ​ ​ ​ ​ ​ ​ 32.1 ​ Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by John R. Loftus ​ X ​ ​ ​ ​ ​ ​ ​ ​ 32.2 ​ Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by John G. DeLuca ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.INS ​ XBRL Instance Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.SCH ​ XBRL Taxonomy Extension Schema Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.CAL ​ XBRL Taxonomy Calculation Linkbase Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.DEF ​ XBRL Taxonomy Definition Linkbase Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.LAB ​ XBRL Taxonomy Label Linkbase Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 101.PRE ​ XBRL Taxonomy Presentation Linkbase Document ​ X ​ ​ ​ ​ ​ ​ ​ ​ 104* ​ Cover Page Interactive Data File (formatted as Inline XBRL and contained in exhibit 101) ​ X ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 52 Table of Contents SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ​ ​ ​ ​ ​ ENVELA CORPORATION ​ ​ (Registrant) ​ ​ ​ ​ Date: August 6, 2025 ​ ​ /s/ JOHN G. DELUCA ​ ​ ​ John G. DeLuca ​ ​ ​ Chief Financial Officer (Principal Accounting Officer) ​ ​ ​ G ​ 53 Table of Contents GLOSSARY OF DEFINED TERMS ​ The following definitions apply to terms used in this document: ​ ​ 2024 Annual Report Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 26, 2025 2025 Plan 2025 Equity Incentive Plan Adjusted EBITDA Adjusted Earnings Before Interest, Tax, Depreciation, and Amortization ASC Accounting Standards Codification ASU Accounting Standards Update 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 CODM Chief Operating Decision Maker Common Stock The Company's common stock, par value $0.01 per share Company Envela Corporation, a Nevada corporation, and its subsidiaries Envela Envela Corporation, a Nevada corporation, and its subsidiaries Exchange Act Securities Exchange Act of 1934 Financial Statements The Related Condensed Consolidated Statements of Income, Stockholders’ Equity, and Cash Flows Fiscal 2024 Fiscal year ended December 31, 2024 Fiscal 2025 Fiscal year ended December 31, 2025 Form 10-Q Form 10-Q for the three and six months ended June 30, 2025 FSB Farmer's State Bank of Oakley, Kansas IT Information Technology ITAD Information Technology Asset Disposition ISO Incentive Stock Options NYSE New York Stock Exchange Net Cash The difference between (i) cash and cash equivalents and (ii) the sum of debt obligations Securities Act Securities Act of 1933 Scottsdale Transaction 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 U.S. United States U.S. Dollar $ U.S. GAAP United States Generally Accepted Accounting Principles ​ ​ ​ ​ ​ 54