Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 676

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 676
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 adopted ASU 2016-13, ‘Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,’ on January 1, 2023. The adoption of this standard did not have a material impact on the Company’s consolidated financial statements. The Company determined that its historical loss rates and current conditions, along with reasonable and supportable forecasts, indicated that a credit loss reserve adjustment was necessary for trade receivables. As such, no adjustment to retained earnings was made upon adoption.

On December 31, 2024, and 2023 the Company had $204,156 and $364,150 accounts receivable balances. The following are accounts receivable balances on December 31, 2024, and 2023 by entity:

<div align='center'>F-105</div>

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2024, and 2023 NOTE 5 — ACCOUNTS RECEIVABLE, NET AND REVENUE (continued)

| ​                           
 Entity                      | ​ 
 ​ | ​ 
 ​ | Year ended December 31, 
 2024                    |   |         |   | ​ | ​ | 2023 |   |          |   | ​ 
 ​ |
|:----------------------------|:--|:--|:------------------------|:--|--------:|:--|:--|:--|:-----|:--|---------:|:--|:--|
| LI                          | ​ | ​ | ​                       | $ | 194,852 | ​ | ​ | ​ | ​    | $ |  249,556 | ​ | ​ |
| MI                          | ​ | ​ | ​                       | ​ |    -390 | ​ | ​ | ​ | ​    | ​ |      846 | ​ | ​ |
| TE                          | ​ | ​ | ​                       | ​ |  11,714 | ​ | ​ | ​ | ​    | ​ |  359,426 | ​ | ​ |
| Allowance for credit losses | ​ | ​ | ​                       | ​ |  -2,020 | ​ | ​ | ​ | ​    | ​ | -245,678 | ​ | ​ |
| Total accounts receivables  | ​ | ​ | ​                       | $ | 204,156 | ​ | ​ | ​ |