Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 427

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 427
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 performance, and settlement terms. Approximately $0 million in revenues was generated in the quarter ended and six months ended June 30, 2025.

Customer contracts or arrangements do not include financing components, non-cash considerations, variable consideration or other considerations payable to customers. Revenues are reported net of sales discount, rebates, returns. Shipping income is charged to customers and earned when goods are delivered.

#### Accounts receivable
Accounts receivables are based on amounts billed to customers for services provided and goods sold and amounts due from merchant provider/s. The Company sells goods in accordance with the terms of sale stated in the respective invoices and contracts. Amounts due from merchant service providers are for payments processed and amounts pending to be deposited to the Company’s account. The Company estimates an allowance for doubtful accounts, based upon its review of outstanding receivables, historical collection information, and existing economic conditions. Invoices are issued for payments to be made as agreed, yet reported accounts receivable are the net realizable value for sales generated upon specific performance (delivery of the good or performance of the service). Delinquent receivables are directly written off if management is aware of specific circumstances regarding a customer’s inability or unwillingness to pay.

When allowance for doubtful accounts is estimated, the amount is allocated as a contra account to accounts receivable indirectly adjusting it to its net realizable value and a bad debt expense is incurred. When the Company deems the collections of specific amounts are less likely, they are directly written off by a direct adjustment to accounts receivable and an incurrence of bad debt expense. When an accounts

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receivable balance previously written off is recovered, a gain is recognized as “Recovered bad debt” and included in sales in the period recovered.

#### Allowance for Doubtful Accounts
As an e-commerce company, we offer credit terms to our customers, which results in accounts receivable balances. We have adopted the Current Expected Credit Loss (CECL) model in accordance with Accounting Standards Codification (ASC) Topic 326, “Financial Instruments — Credit Losses,” to estimate our allowance for doubtful accounts. This model requires us to estimate the lifetime expected credit losses for our receivables, taking into consideration historical experience, current conditions, and reasonable and supportable forecasts.

The estimation of the allowance for doubtful accounts involves significant judgment and is based on a thorough analysis of various factors, including:

•

Historical Loss Experience: We analyze our historical loss data to