Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 402

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 402
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, and technological innovation, among other areas of focus. While Btab seeks acquisition opportunities that it believes will augment its business and growth objectives, certain factors could prevent acquisition opportunities from materializing, including target-company availability, relative valuation expectations, liquidity, and certain due diligence considerations, among other factors.

We believe that our performance and future success depend on a number of factors that present significant opportunities for us, including those discussed in Part I, Item 1, “Business,” but also pose risks and challenges, including those discussed in Part I, Item 1A, “Risk Factors.”

### Components of Our Results of Operations

#### Sales
We principally generate revenues from the sale of homeware, office furniture supplies, food supplies, grocery supplies and shipping services for the delivery of goods sold. The Company is also in the business of online marketing services, e-commerce management services, technology services for which no revenue was generated in the quarter ended and six months June 30, 2025, and 2024.

#### Cost of Sales
Our cost of sales consists primarily of costs associated with sourcing of food supplies and manufacturing of furniture, and operational merchant support expenses, such as customer service, transaction and finance fees to process customer collections of sales platforms and manufacturing. Cost of sales are expected to increase in the near future due to rising costs to conduct business and the anticipated growth of our business through local and international expansion.

#### Selling and Marketing
Selling and marketing expenses include costs related to advertisements used to drive purchases of goods, costs for travel to trade shows and events for the promotion of goods, wages and commissions to compensate salespersons, and employee and contractor wages and commissions to promote new products to the market. Increases in selling and marketing expenses typically generate an increase in sales within a year

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from the date the costs were incurred. We anticipate increased advertising costs in the future to enhance our exposure to the market and customers. General and Administrative General and administrative expenses are primarily contractor and employee-related costs to support business operations as well as the maintenance of property and equipment, professional fees, and rent. The functional elements included in general and administrative are bad debt expense, finance charges, depreciation, foreign taxes, insurance, transport, general office operational expenses for physical and information technology needs and professional expenses. Income taxes Income taxes consist primarily of income taxes under Australian and Hong Kong tax authorities, in the jurisdictions where we conduct business. We have no uncertain tax positions or estimated income tax provisions or penalties in the US