Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 630

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 630
---
 respectively. For the six months ended June 30, 2025 and 2024, depreciation expense was $23,082 and $19,835 respectively. There were no write-offs of property, plant, and equipment during either the three- or six-month periods ended June 30, 2025 and 2024; however, disposals amounted to $21,358 and $47,399 for the three months ended June 30, 2025 and 2024, respectively, and $21,358 and $98,217 for the six months ended June 30, 2025 and 2024, respectively. NOTE 9 — ACCOUNTS PAYABLE, OTHER CURRENT LIABILITIES AND ACCRUED EXPENSES Accounts payable and other current liabilities include payables for vendors and creditors on account for the purchase of goods and services to each entity as well as amounts owed to the buyer of the assets (see Note 11 ) for revenue collected on their behalf. The total amount owed on June 30, 2025, and December 31, 2024, was $2,104,426 and $1,535,434 respectively with details as follows:

| Accounts Payable and Other Current Liabilities | ​ | ​ | As ofJune 30, 2025 |   |           |   | ​ | ​ | As ofDecember 31, 2024 |   |           |   | ​ |
|:-----------------------------------------------|:--|:--|:-------------------|:--|----------:|:--|:--|:--|:-----------------------|:--|----------:|:--|:--|
| Credit card                                    | ​ | ​ | ​                  | $ |   255,479 | ​ | ​ | ​ | ​                      | $ |   220,358 | ​ | ​ |
| Customer deposit                               | ​ | ​ | ​                  | ​ |   582,194 | ​ | ​ | ​ | ​                      | ​ |   149,987 | ​ | ​ |
| Vendors                                        | ​ | ​ | ​                  | ​ | 1,266,753 | ​ | ​ | ​ | ​                      | ​ | 1,165,089 | ​ | ​ |
| Total Accounts Payable and Accrued Liabilities | ​ | ​ | ​                  | $ | 2,104,426 | ​ | ​ | ​ | ​                      | $ | 1,535,434 | ​