| Schedule Of Long-term Debt |
| | | | | | | | | Outstanding Balance | | | December 31, | | December 31, | | | 2025 | | 2024 | Consumer | | | | | | | Note payable, FSB (1) | | $ | 2,342,485 | | $ | 2,455,043 | Note payable, Truist Bank (3) | | | 762,430 | | | 801,175 | Notes payable, TBT (4,5) | | | 1,486,229 | | | 1,979,730 | Note payable, Scottsdale Transaction (6) | | | 18,750 | | | 50,000 | | | | | | | | Sub-total | | | 4,609,894 | | | 5,285,948 | | | | | | | | Commercial | | | | | | | Note payable, FSB (2) | | | 5,314,741 | | | 5,569,171 | Note payable, Avail Transaction (7) | | | — | | | 166,667 | | | | | | | | Sub-total | | | 5,314,741 | | | 5,735,838 | | | | | | | | Corporate | | | | | | | Line of credit, FSB (8) | | | — | | | — | Note payable, TBT (9) | | | — | | | 2,500,393 | | | | | | | | Sub-total | | | — | | | 2,500,393 | | | | | | | | Total | | | 9,924,635 | | | 13,522,179 | | | | | | | | Less: current portion | | | (7,787,468) | | | (3,591,351) | | | | | | | | | | $ | 2,137,167 | | $ | 9,930,828 |
| (1) | On November 23, 2021, the consumer segment entered into a $2.781 million secured amortizing note payable with Farmer’s State Bank of Oakley, Kansas (“FSB”). The note payable bears interest at 3.10% and matures on November 15, 2026. |
| (2) | On November 23, 2021, the commercial segment entered into a $6.309 million secured amortizing note payable with FSB. The note payable bears interest at 3.10% and matures on November 15, 2026. |
| (3) | On July 9, 2020, the consumer segment entered into a $956 thousand secured amortizing note payable with Truist Bank. The note payable bears interest at 3.65% and matures on July 9, 2030. |
| (4) | On September 14, 2020, the consumer segment entered into a $496 thousand secured amortizing note payable with Texas Bank & Trust (“TBT”). The note payable incurred interest at 3.75% and matured on September 14, 2025. |
| (5) | On July 30, 2021, the consumer segment entered into a $1.772 million secured amortizing note payable with TBT. The note payable bears interest at 3.75% and matures on July 30, 2031. |
| (6) | On September 12, 2024, the consumer segment entered into a $50 thousand secured amortizing note payable in relation to the Scottsdale Transaction. The repayment of the note payable shall begin upon the fulfillment of certain terms and conditions under the asset purchase agreement entered into on September 12, 2024. The note payable’s imputed interest is 3.10% and matures on September 30, 2026. |
| (7) | On October 29, 2021, the consumer segment entered into a $2.000 million secured amortizing note payable in relation to the acquisition of Avail Recovery Solutions, LLC on October 29, 2021 (“Avail Transaction"). The note payable’s imputed interest was 3.10% and matured on January 1, 2025. |
| (8) | On November 8, 2024, the Company entered into a $3.800 million secured line of credit with FSB. The line of credit bears interest at our rate of deposit +1.00% with a floor of 3.10% and matures on November 23, 2027. |
| (9) | On November 4, 2020, a wholly owned subsidiary of Envela entered into a $2.960 million secured amortizing note payable with TBT. The note payable incurred interest at 3.25%, matured, and was paid off on November 3, 2025. |
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| Schedule of maturities of long-term debt of Principal Payments |
| | | | | | | | | | | | | | | | | | | 2026 | | 2027 | | 2028 | | 2029 | | 2030 | | Thereafter | Consumer | | | | | | | | | | | | | | | | | | Note payable, FSB (1) | $ | 2,342,485 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | — | Note payable, Truist Bank (3) | | 40,203 | | | 41,716 | | | 43,216 | | | 44,913 | | | 592,381 | | | — | Notes payable, TBT (4,5) | | 71,289 | | | 74,324 | | | 77,018 | | | 80,098 | | | 83,154 | | | 1,100,347 | Note payable, Scottsdale Transaction (6) | | 18,750 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | Sub-total | | 2,472,727 | | | 116,040 | | | 120,234 | | | 125,011 | | | 675,535 | | | 1,100,347 | | | | | | | | | | | | | | | | | | | Commercial | | | | | | | | | | | | | | | | | | Note payable, FSB (2) | | 5,314,741 | | | — | | | — | | | — | | | — | | | — | Note payable, Avail Transaction (7) | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | Sub-total | | 5,314,741 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | Corporate | | | | | | | | | | | | | | | | | | Line of Credit, FSB (8) | | — | | | — | | | — | | | — | | | — | | | — | Note payable, TBT (9) | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | Sub-total | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | $ | 7,787,468 | | $ | 116,040 | | $ | 120,234 | | $ | 125,011 | | $ | 675,535 | | $ | 1,100,347 |
| | | | | | | | | | | | Scheduled | | | | | | | | | Principal | | Loan | | | | Scheduled Principal Payments and Maturities by Year | | Payments | | Maturities | | Total | 2026 | | $ | 476,170 | | $ | 7,311,298 | | $ | 7,787,468 | 2027 | | | 116,040 | | | — | | | 116,040 | 2028 | | | 120,234 | | | — | | | 120,234 | 2029 | | | 125,011 | | | — | | | 125,011 | 2030 | | | 110,183 | | | 565,352 | | | 675,535 | Thereafter | | | 65,531 | | | 1,034,816 | | | 1,100,347 | | | | | | | | | | | | | $ | 1,013,169 | | $ | 8,911,466 | | $ | 9,924,635 |
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