Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 623

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 623
---
 year. The impact of the new standard on the financial statements was not significant.

ASU 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”

In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This update aims to enhance transparency for users of financial statements by requiring public business entities to disaggregate specific expense categories. The update mandates disclosures in the notes to financial statements, detailing the composition and trends of key expense categories within major income statement captions. These enhanced disclosures are expected to help investors more effectively assess the entity’s performance, understand its cost structure, and make more accurate forecasts of future cash flow. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the potential impact of ASU 2024-03 on its financial reporting and disclosures.

ASU 2025-03 “Business Combinations (Topic 805): Identifying the Accounting Acquirer in Business Combinations Involving a Variable Interest Entity”

Issued in May 2025, this update clarifies how to determine the accounting acquirer in a business combination when a variable interest entity (VIE) is involved. The amendments require entities to apply specific guidance for identifying the accounting acquirer when power is shared among multiple unrelated parties or when no party clearly has control, reducing diversity in practice and improving consistency in accounting outcomes. The amendments in this update are effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. Early adoption is permitted.

ASU 2025-05 “Financial Instruments — Credit Losses (Topic 326): Practical Expedient and Policy Election for Estimating Expected Credit Losses”

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TABLE OF CONTENTS

#### BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES

### NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 3 — BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (continued)

Issued in July 2025, this update provides a new practical expedient and policy election for entities estimating expected