Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 413

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 413
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 to a decline in product sales during the period. However, sales increased to $642,062 for the six months ended June 30, 2025, compared to $519,309 for the same period in 2024. This represents an increase of $122,753, or 24%, reflecting higher product sales in Q1 2025 and leading to an improvement in six-month performance. Changes in foreign currency exchange rates reduced net sales by $8,036 in Q2 2025 and $25,488 for the six months ended June 30, 2025. For a discussion of the effect of foreign exchange rates on sales growth, see “Effect of Foreign Exchange Rates” herein. Cost of Sales Cost of sales increased to $163,395 in Q2-2025 from $139,881 in Q2-2024. This increase of $23,514, or 17%, was caused by higher freight charges. However, cost of sales increased to $326,124 for the six months ended June 30, 2025, from $247,230 for the same period in 2024, which is consistent with the decrease in sales during the period. Changes in foreign currency exchange rates reduced the cost of sales by $4,670 in Q2-2025 and by $12,521 for the six months ended June 30, 2025. For a discussion of the effect of foreign exchange rates, see “Effect of Foreign Exchange Rates” herein. Gross Profit Gross profit decreased to $117,816 in Q2-2025 from $153,555 in Q2-2024 due to decreased sales volume. For the six months ended June 30, 2025, gross profit increased to $315,938, compared to $272,079 for the same period in 2024. Furthermore, there was a 10% change in gross profit margin, from 52% in Q2-2024 to 42% in Q2-2025, and the gross profit margin decreased to 49% for the six months ended June 30, 2025, down from 52% for the six months ended June 30, 2024. The change in the margin for both periods was also caused by an increase in freight costs while sales decreased. Operating Expenses — Selling and Marketing Selling and marketing expenses increased to $4,018 in Q2-2025 from $808 in Q2-2024. However, selling and marketing expenses rose to $