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DEBT (Tables)

6 Months Ended

Jun. 30, 2025

DEBT

Schedule Of Long-term Debt


		Outstanding Balance
		June 30,			December 31,
		2025			2024
Consumer
Note payable, FSB ⁽¹⁾		$	2,399,094		$	2,455,043
Note payable, Truist Bank ⁽³⁾			781,942			801,175
Notes payable, TBT ^(4,5)			1,929,792			1,979,730
Note payable, Scottsdale Transaction ⁽⁶⁾			50,000			50,000

Sub-total			5,160,828			5,285,948

Commercial
Note payable, FSB ⁽²⁾			5,442,691			5,569,171
Note payable, Avail Transaction ⁽⁷⁾			—			166,667

Sub-total			5,442,691			5,735,838

Corporate
Line of credit, FSB ⁽⁸⁾			—			—
Note payable, TBT ⁽⁹⁾			2,439,767			2,500,393

Sub-total			2,439,767			2,500,393

Total			13,043,286			13,522,179

Less: current portion			(3,374,442)			(3,591,351)

		$	9,668,844		$	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 bears interest at 3.75% and matures 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 bears interest at 3.25% and matures on November 3, 2025.

Schedule of Future Payments of Notes Payable, Related Party


	2025			2026			2027			2028			2029			Thereafter
Consumer
Note payable, FSB ⁽¹⁾		56,612			2,342,481			—			—			—			—
Note payable, Truist Bank ⁽³⁾		19,511			40,203			41,716			43,216			44,913			592,381
Notes payable, TBT ^(4,5)		443,246			71,593			74,324			77,018			80,098			1,183,516
Note payable, Scottsdale Transaction ⁽⁶⁾		31,250			18,750			—			—			—			—

Sub-total		550,619			2,473,027			116,040			120,234			125,011			1,775,897

Commercial
Note payable, FSB ⁽²⁾		127,986			5,314,705			—			—			—			—
Note payable, Avail Transaction ⁽⁷⁾		—			—			—			—			—			—

Sub-total		127,986			5,314,705			—			—			—			—

Corporate
Line of Credit, FSB ⁽⁸⁾		—			—			—			—			—			—
Note payable, TBT ⁽⁹⁾		2,439,767			—			—			—			—			—

Sub-total		2,439,767			—			—			—			—			—

	$	3,118,372		$	7,787,732		$	116,040		$	120,234		$	125,011		$	1,775,897

Schedule of maturities of long-term debt of Principal Payments


		Scheduled
		Principal			Loan
Scheduled Principal Payments and Maturities by Year		Payments			Maturities			Total
2025			325,939			2,792,433			3,118,372
2026			476,475			7,311,257			7,787,732
2027			116,040			—			116,040
2028			120,234			—			120,234
2029			125,011			—			125,011
Thereafter			175,713			1,600,184			1,775,897

		$	1,339,412		$	11,703,874		$	13,043,286