Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 432

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 432
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 of loss associated with a counter-party’s inability to fulfill its payment obligations. Credit risk is limited to the carrying value amount on the balance sheet. On June 30, 2025, accounts receivable totaled $238,179 and on December 31, 2024, accounts receivable totaled $204,156. Balances are being paid as agreed, but the extended terms to pay raises credit risk for these balances. The Company has $1,815,938 due to it from related party loan receivables, these notes are subject to credit risk if related parties are unable to repay when they become due. Payments are currently being made as agreed.

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TABLE OF CONTENTS

#### Inflation
To date, inflation has not materially impacted our results of operations. Although we have not been materially affected by inflation in the past, we can provide no assurance that we will not be affected by higher rates of inflation in the future.

#### Concentration of Customers
During the six months ended June 30, 2025, one customer made up 10% or more of total sales, and in aggregate 10.6% (approximately $0.24 million) of total sales. During the six months June 30, 2024, one customer each made up 10.6% or more of total sales, with approximately $0.2 million.

As on June 30, 2025 two customers made up 10% or more of accounts receivable with approximately 0.1 million or 29.6%. On December 31, 2024 one customer made up 10% or more of accounts receivable with approximately 0.1 million or 49.2%.

#### Concentration of Supplier
During the six months ended June 30, 2025, two suppliers each made up 10% or more of purchases with approximately $0.26 million or 25.9% of total purchases. During the six months ended June 30, 2024, four suppliers each made up 10% or more of purchases with approximately $0.7 million or 43.9% of total purchases.

As on June 30, 2025, two suppliers made up 10% or more of accounts payable, and in aggregate 21.2% (approximately $0.1 million) of accounts payable and accrued liabilities. As on December 31, 2024, two suppliers made up 10% or more of accounts payable