15 unchanged sentences
ENVELA CORPORATION
−Removed: November 5, 2025
Chief Financial Officer
−Removed: (Principal Accounting Officer)
−Removed: GLOSSARY OF DEFINED TERMS
+Added: (Principal Accounting and Financial Officer)
+Added: G GLOSSARY OF DEFINED TERMS
The following definitions apply to terms used in this document:
11 unchanged sentences
Adjusted EBITDA
−Removed: Adjusted Earnings Before Interest, Tax, Depreciation, and Amortization
+Added: Adjusted EBITDA is a non-U.S.
+Added: GAAP measure and is defined as Adjusted Earnings Before Interest, Tax, Depreciation, and Amortization and equals (i) net income (loss) of the Company, adjusted for additions (deductions) of (ii) interest expense, (iii) other (income) expense, (iv) income tax expense (benefit), and (v) depreciation and amortization.
Adjusted EBITDAR
9 unchanged sentences
Accounting Standards Update
−Removed: ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40):
+Added: Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40):
Disaggregation of Income Statement Expenses
−Removed: Financial Instruments - Credit Losses (Topic 326):
−Removed: Measurement of Credit Losses for Accounts Receivable and Contract Assets
Intangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40):
Targeted Improvements to the Accounting for Internal-Use Software
−Removed: Avail Transaction
−Removed: The acquisition of Avail Recovery Solutions, LLC on October 29, 2021
+Added: Interim Reporting (Topic 270):
+Added: Narrow-Scope Improvements
+Added: Codification Improvements
+Added: Average Inventory
+Added: Average inventory is the mean value of the Company’s inventory over a specific period, calculated by (i) adding the beginning inventory and ending inventory for that period and (ii) dividing by two.
Board of Directors
+Added: Business Partner
+Added: A Business Partner is defined as an entity or person from whom we procure or consign assets and provide disposition or product return services to.
Capital Expenditures
3 unchanged sentences
Envela Corporation, a Nevada corporation, and its subsidiaries
+Added: A Customer is an individual or entity to whom we have sold assets or commodities or provided certain repair services.
Debt Obligations
−Removed: Debt Obligations represents amounts outstanding under notes payable balances per the Balance Sheet.
+Added: Debt Obligations represents the sum of amounts outstanding under notes payable balances per the Balance Sheet.
Debt to Adjusted EBITDA Leverage Ratio
10 unchanged sentences
Fiscal year ended December 31, 2025
−Removed: Fiscal year ended December 31, 2025
−Removed: Form 10-Q for the three and nine months ended September 30, 2025
+Added: Form 10-K for the fiscal year ended December 31, 2025
+Added: Form 10-Q for the three months ended March 31, 2026
Free Cash Flow
2 unchanged sentences
Farmer's State Bank of Oakley, Kansas
−Removed: Incentive Stock Options
+Added: Inventory Turnover Ratio
+Added: The Inventory Turnover Ratio represents the (i) cost of goods sold less shipping and handling costs divided by (ii) Average Inventory.
Information Technology
Information Technology Asset Disposition
−Removed: The difference between (i) cash and cash equivalents and (ii) the sum of debt obligations
+Added: Net Cash is the difference between (i) cash and cash equivalents and (ii) the sum of debt obligations
Net Debt Obligations
11 unchanged sentences
Scottsdale Transaction
−Removed: The acquisition of the assets of a bespoke fabricator of jewelry in Scottsdale, Arizona
+Added: September 12, 2024 purchase agreement relating to the acquisition of the assets of a bespoke fabricator of jewelry in Scottsdale, Arizona
Securities and Exchange Commission
−Removed: Securities Act
−Removed: Securities Act of 1933
Scope of Work
−Removed: Texas Bank & Trust
+Added: Texas Bank and Trust
Total Cash represents cash and cash equivalents per the Balance Sheet.
1 unchanged sentence
The Trailing Four Quarters ended period is defined as the cumulative total amount of the most recent four consecutive fiscal quarters of financial results for the respective reported balance.
−Removed: United States
+Added: United States of America
United States Generally Accepted Accounting Principles
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.