Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 674

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 674
---
APRA) “Federal Claims Scheme” (“FCS”). On December 31, 2024, no cash balances were held in excess of FCS insured limits in Australia.

On December 31, 2024, no cash balances were held in excess of DPS insured limits in Hong Kong. As of December 31, 2024, and 2023, 100% of “Note payable” was owed to an unrelated party.

During the year ended December 31, 2024, one customer made up 10% or more of total sales, and in aggregate 10.3% (approximately $0.5 million) of total sales. During the year ended December 31, 2023, two customers each made up 10% or more of total sales, with approximately $2.2 million or 25.7% of total sales.

During the year ended December 31, 2024, two suppliers each made up 10% or more of purchases with approximately $0.6 million or 23.3% of total purchases. During the year ended December 31, 2023, one supplier made up 10% or more of total purchases, with approximately $2 million or 44% of total purchases.

During the year ended December 31, 2024, two suppliers made up 10% or more of accounts payable, and in aggregate 46.2% (approximately $0.5 million) of accounts payable and accrued liabilities. During the year ended December 31, 2023, three suppliers made up 10% or more of total accounts payable, and in aggregate 43.0% (approximately $0.3 million) of accounts payable and accrued liabilities.

On December 31, 2024 one customer made up 10% or more of accounts receivable with approximately 0.1 million or 49.2%. During the year ended December 31, 2023, no customer made up 10% or more of accounts receivables.

<div align='center'>F-104</div>

TABLE OF CONTENTS

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

### NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

#### December 31, 2024, and 2023
NOTE 4 — CONCENTRATION OF CREDIT RISK AND FINANCIAL RISK MANAGEMENT 
 (continued)

Financial risk management objectives and policies

The Company is exposed to various