Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 407

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 407
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 six months ended June 30, 2025. Operating Expenses — Selling and Marketing Selling and marketing expenses increased to $42,584 in Q2 2025 from $39,755 in Q2 2024, an increase of $2,829, or 7%, primarily due to higher branding and promotional activities during the period. For the six months ended June 30, 2025, selling and marketing expenses decreased to $82,745 from $89,540, a decrease of $6,795, or 8%, mainly due to reduced spending in certain promotional initiatives. Operating Expenses — General and Administrative General and administrative expenses increased to $579,502 in Q2-2025 from $628,089 in Q2-2024. This is a decrease of $48,587 or 8%. The decrease was driven by a reduction in accounting fees and investor

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relations expenses. For the six months ended June 30, 2025, general and administrative expenses increased to $1,181,516 from $1,129,695, an increase of $51,821, or 3%, mainly due to an increase in auditing fees and inventory fair value adjustment. Loss from Operations There was a loss from operations in Q2-2025 and 2024 in the amount of $392,826 and $384,235, respectively. This is an increase in loss of $8,591. This variance was primarily attributable to a decrease in gross profit from Australia third party produced furniture and home goods segment and Australia manufactured furniture segment offset by decrease in operating expenses within non-revenue generating entities. There was a loss from operations for the six months ended June 30, 2025 and 2024 in the amount of $736,429 and $687,084, respectively. This is an increase in loss of $49,345 This variance was primarily attributable to a decrease in gross profit from Australia third party produced furniture and home goods segment and Australia manufactured furniture segment. Income Tax Benefit An income tax benefit of $80,552 and $0 was recorded for the quarters ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, income tax benefits of $123,278 and $11 were recorded, respectively. The company recognized a taxable loss during the current year, which resulted in the recognition of a deferred tax benefit. As of June 30, 2024, the