Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 425

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 425
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 customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:

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Step 1: Identify the contract with the customer

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Step 2: Identify the performance obligations in the contract

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Step 3: Determine the transaction price

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Step 4: Allocate the transaction price to the performance obligations in the contract

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Step 5: Recognize revenue when the Company satisfies a performance obligation

The transaction price is the amount of consideration to which an entity expects to be entitled in exchange for transferring promised goods or services to a customer. The consideration promised in a contract with a customer may include fixed amounts, variable amounts, or both.

<div align='center'>When determining the transaction price, the Company also considers the effects of all of the following:</div>

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Variable consideration

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Constraining estimates of variable consideration

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The existence of a significant financing component in the contract

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Noncash consideration

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Consideration payable to a customer

Principal vs. Agent Considerations:

In some transactions, we must determine whether we are acting as the principal or as an agent. As the principal, we recognize revenue on a gross basis when we control the promised good or service before transferring it to the customer. As an agent, we recognize revenue on a net basis when we arrange for another party to provide the good or service to the customer. This determination requires significant judgment and involves consideration of various factors, including whether we have primary responsibility for fulfilling the promise to provide the specified good or service, whether we have inventory risk before the specified good or service has been transferred to the customer, and whether we have discretion in establishing the prices for the specified good or service.

Evaluating these factors involves judgment and can impact the timing and amount of revenue recognized. Changes in the judgments regarding whether we act as a principal or an agent can significantly affect our reported revenue and related costs 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.

Revenues generated in 2025 consist of sale of homeware, furniture, food grocery and general supplies.

Timing of revenue recognition is at time of delivery when the title transfers to the customer.

The transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is