Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Trading Symbol for Common Stock
The Company’s Common Stock is traded on the NYSE American and NYSE Texas Exchanges under the symbol “ELA.”
Holders of Record
As of March 17, 2026, we had 201 holders of record of our Common Stock.
Dividends
The Company has not paid any cash dividends on its Common Stock to date. Future cash dividend payments will depend on the Company’s revenues and earnings, capital requirements, and general financial condition. The payment of any cash dividends will be within the discretion of the Company’s Board at such time. In addition, the Company is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future, as available cash resources are expected to be utilized for ongoing operations, capital expenditures, and growth initiatives.
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Table of Contents
Issuer Purchases of Equity Securities
The following table lists the repurchase of Company shares as of December 31, 2025:
Total Number of
Shares Purchased
Maximum Number
as Part of Publicly
of Shares that May
Announced Plan
Average Price
Total Price
Yet be Purchased
Fiscal Period
or Program (1) (2)
Paid Per Share ($)
Paid
Under the Plans
Balance as of January 1, 2025
928,930
$
4.92
$
4,568,823
71,070
January 1 - 31, 2025
—
—
—
71,070
February 1 - 28, 2025
—
—
—
71,070
March 1 - 31, 2025
500
5.25
2,626
170,570
April 1 - 30, 2025
—
—
—
170,570
May 1 - 31, 2025
—
—
—
170,570
June 1 - 30, 2025
20,163
5.89
118,700
150,407
July 1 - 31, 2025
8,134
5.93
48,218
142,273
August 1 - 31, 2025
3,428
5.65
19,364
138,845
September 1 - 30, 2025
—
—
—
138,845
October 1 - 31, 2025
—
—
—
138,845
November 1 - 30, 2025
—
—
—
138,845
December 1 - 31, 2025
—
—
—
138,845
Balance as of December 31, 2025
961,155
$
4.95
$
4,757,731
138,845
(1) All shares were purchased in open-market transactions through the stock repurchase program approved by the Board on March 14, 2023, for the repurchase of up to 1.0 million shares of the Company’s Common Stock. On March 27, 2025, the Board unanimously approved the repurchase of an additional 100 thousand shares of the Common Stock, bringing the total authorization under the existing repurchase program to 1.1 million shares.
(2) The stock repurchase program was publicly announced on May 3, 2023, and expires March 31, 2026. Repurchases under the stock repurchase plan began on May 10, 2023.
The timing and amount of any Common Stock repurchased under the program depend on a variety of factors, including price, corporate and regulatory requirements, capital availability, and other market conditions.
ITEM 6. [RESERVED]