Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 408

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 408
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 Company evaluated its deferred tax assets and concluded that it was more likely than not that they would not be realized in the foreseeable future. Accordingly, no income tax benefit was recognized for the three and six months ended June 30, 2024, and a full valuation allowance was maintained. By June 30, 2025, however, improved operating performance and expectations of future taxable income supported the conclusion that a valuation allowance was no longer required. As a result, the Company recognized a deferred tax benefit in the current year, reflecting the tax effect of the taxable loss incurred. Net Loss The net loss was $393,711 in Q2-2025, compared to $480,884 in Q2-2024. The decrease in loss was primarily due to an increase in tax benefits in Q2-2025. For the six months ended June 30, 2025 and 2024, net losses of $806,161 and $840,566 were recorded, respectively. The decrease in loss was also attributable to higher tax benefits in Q2-2025. Results of Operations — Australia-Owned Manufactured Furniture Quarter Ended and Six Months Ended June 30, 2025 Compared to Quarter Ended and Six Months Ended June 30, 2024 The table below sets forth a summary of our results of operations from the Australia-owned manufactured furniture segment located in Australia for the periods indicated, both in absolute amounts and the percentage variances in our financial performance. This information should be read together with our consolidated financial statements and related notes included elsewhere in this prospectus. The operating results in any period are not necessarily indicative of the results that may be expected for any future period.

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 In US Dollars                 | ​ 
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 ​ | Quarter endedJune 30, 
 2025                  |   |         |   | ​ | ​ | 2024 |   |         |   | ​ 
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 ​ | 6 Months endedJune 30, 
 2025                   |   |           |   | ​ | ​ | 2024 |   |           |   | ​ 
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 ​ | 3 monthsVariance |   |          |   | ​ | ​ | % |   |      |   | ​ 
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 ​ | 6 monthsVariance |   |          |   | ​ | ​ | % |   |      |   | ​ 
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