Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 414

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 414
---
7,587 for the six months ended June 30, 2025, compared to $1,218 for the

232

TABLE OF CONTENTS

same period in 2024. The increase is primarily attributable to higher marketing expenses, including Facebook postings and printed banners, for both the quarter ended and the six months ended June 30, 2025, compared to the prior period. Operating Expenses — General and Administrative General and administrative expenses decreased to $196,763 in Q2-2025 from $201,907 in Q2-2024, primarily due to lower inventory obsolescence expenses, partially offset by adjustments for the decrease in inventory fair value and higher travel expenses. For the six months ended June 30, 2025, general and administrative expenses decreased to $341,059 from $405,056 in the prior-year period, mainly reflecting lower inventory obsolescence expenses and the reversal of bad debt expenses, partially offset by adjustments for the decrease in inventory fair value and higher travel expenses. Loss from Operations Loss from operations was $82,965 in Q2-2025, compared to a loss from operations of $49,160 in Q2-2024, there is a increase in loss of $33,805 or 69%. This was caused by a decrease in sales, offset by a decrease in general and administrative expenses. Loss from operations was reduced to $32,708 for the six months ended June 30, 2025, compared to a loss from operations of $134,195 for the six months ended June 30, 2024. There is an decrease in loss of $101,487 or 76%. This was caused by a decrease in general and administrative expenses and increase in sales. Results of Operations — Hong Kong Food Product 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 Hong Kong food product segment 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.

| ​                                   
 In US Dollars                       | ​ 
 ​ | ​ 
 ​ | Quarter endedJune 30, 
 2025                  |   |         |   | ​ | ​ | 202