Envela Corporation (ELA) financial statements (2022 and earlier)

Company profile

Business Address 1901 GATEWAY DRIVE
IRVING, TX 75038
State of Incorp. NV
Fiscal Year End December 31
SIC 5944 - Jewelry Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,1389,2184,5111,4541,2721,412
Cash and cash equivalents10,1389,2184,5111,4541,2721,412
Receivables7,1672,8472,99894802245
Inventory, net of allowances, customer advances and progress billings14,04810,0079,5099,7658,5989,384
Inventory14,04810,0079,5099,7658,5989,384
Prepaid expense4392821738118155
Other current assets970     
Other undisclosed current assets1,6051,1571,161 3941
Total current assets:34,36723,51018,35111,39410,89211,137
Noncurrent Assets
Operating lease, right-of-use asset5,6923,5232,335
Property, plant and equipment9,8066,8891,3511,3211,6911,665
Long-term investments and receivables    633 
Accounts and financing receivable, after allowance for credit loss    633 
Intangible assets, net (including goodwill), including:9,1652,9923,394234  
Goodwill6,1401,3671,367   
Intangible assets, net (excluding goodwill)3,0242,9923,394234  
Other undisclosed intangible assets, net (including goodwill) (1,367)(1,367)   
Other noncurrent assets2381982056899111
Other undisclosed noncurrent assets 3,4671,367   
Total noncurrent assets:24,90117,0698,6521,6242,4221,776
TOTAL ASSETS:59,26740,57927,00313,01813,31512,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,2782,4792,3841,4181,5812,313
Accounts payable2,4881,5111,4688397771,103
Accrued liabilities1,7898449175798051,210
Employee-related liabilities 11    
Taxes payable 113    
Debt2,7662,1201,175 213
Due to related parties 3071,0843,0893,9024,107
Other liabilities1,1794291659873572
Other undisclosed current liabilities1,574717    
Total current liabilities:9,7976,0534,8094,6055,5597,005
Noncurrent Liabilities
Long-term debt and lease obligation15,9703,6542,445  1
Long-term debt, excluding current maturities15,970     
Capital lease obligations  1
Operating lease, liability 3,6542,445
Liabilities, other than long-term debt 9,0538,555   
Due to related parties 9,0538,555   
Other undisclosed noncurrent liabilities5,8734,241    
Total noncurrent liabilities:21,84316,94811,000  1
Total liabilities:31,64023,00115,8094,6055,5597,006
Stockholders' equity
Stockholders' equity attributable to parent27,62717,57811,1948,4137,7565,906
Preferred stock269     
Common stock 269269269269269
Additional paid in capital40,17340,17340,17340,17340,17340,162
Accumulated deficit(12,815)(22,864)(29,248)(32,028)(32,686)(34,525)
Total stockholders' equity:27,62717,57811,1948,4137,7565,906
TOTAL LIABILITIES AND EQUITY:59,26740,57927,00313,01813,31512,913

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues140,966113,92282,02454,05661,99548,327
Revenue, net61,99548,327
Cost of revenue(21,724)(90,853)(65,769)(44,377)(50,706)(40,019)
Cost of goods and services sold(109,745)(90,853)(65,769)(44,377)(67)(81)
Other undisclosed gross profit(88,021)     
Gross profit:31,22123,06916,2569,68011,2898,308
Operating expenses(21,724)(16,282)(13,015)(9,028)(9,334)(11,905)
Operating income (loss):9,4976,7873,2416511,955(3,598)
Nonoperating income (expense)(299)307(50)67(115)(360)
Other nonoperating income (expense)(299)307(50) 854
Interest and debt expense(704)(620)(415)(150)(199)(365)
Income (loss) from continuing operations before equity method investments, income taxes:8,4936,4742,7765691,641(4,322)
Other undisclosed income from continuing operations before income taxes1,668 100150199365
Income (loss) from continuing operations before income taxes:10,1626,4742,8767181,840(3,958)
Income tax expense(113)(90)(95)(61)(1)(48)
Net income (loss) available to common stockholders, diluted:10,0496,3842,7816581,839(4,006)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):10,0496,3842,7816581,839(4,006)
Comprehensive income (loss), net of tax, attributable to parent:10,0496,3842,7816581,839(4,006)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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