v3.25.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($)	Mar. 31, 2025	Mar. 31, 2024
CONSOLIDATED STATEMENTS OF INCOME
Sales	$ 48,255,829	$ 39,857,780
Cost of goods sold	36,287,805	29,537,096
Gross margin	11,968,024	10,320,684
Expenses:
Selling, general and administrative	8,404,262	7,636,976
Depreciation and amortization	445,341	343,565
Total operating expenses	8,849,603	7,980,541
Operating income	3,118,421	2,340,143
Other income (expense):
Other income	205,605	238,528
Interest expense	(106,321)	(120,854)
Income before income taxes	3,217,705	2,457,817
Income tax expense	(724,358)	(550,278)
Net income	$ 2,493,347	$ 1,907,539
Basic earnings per share:
Net income (in dollar per share)	$ 0.1	$ 0.07
Diluted earnings per share:
Net income (in dollars per share)	$ 0.1	$ 0.07
Weighted average shares outstanding:
Basic (in shares)	25,995,645	26,419,039
Diluted (in shares)	25,995,645	26,434,039

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Envela Corp 10-Q