Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 647

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 647
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 | ​ | ​ | ​ | ​                  | $ | 3,719,034 | ​ | ​ | ​ | ​                | $ | 3,685,176 | ​ | ​ |

* Maturity date represents the date on which the loan facility expires and is due for renewal. Further, loans with maturity date in 2024 and through the date of these financial statements were renewed however the Company is awaiting renewal agreements to be provided by the Banks. The weighted-average interest rate for the outstanding loan payable is 8.7% and 8.9% for the six months ended June 30, 2025 and the year ended December 31, 2024, respectively. The loans are subject to annual renewal and the scheme of renewal will be available until the maturity date. The accrued interest for the outstanding loan payable is $40,093 for the six months ended June 30, 2025 and $10 for the year ended December 31, 2024.

F-83

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 13 — COMMITMENTS AND CONTINGENCIES (continued) Related Party Related party debt owed is noninterest bearing and due on demand. Related parties extend funding to the Company to support operations resulting in loan payables owed by the Company and collect from its customers on its behalf, resulting in related party loan receivable due to the Company. On June 30, 2025 and December 31, 2024, related party loan receivables totaled $1,815,938 and $1,763,832, respectively, and related party payables totaled are $2,761,606 and $1,857,614, respectively. NOTE 14 — SEGMENT REPORTING Our business currently operates through two geographic regions, encompassing four reportable segments: Australia-owned manufactured furniture, Australia third-party produced furniture and home goods, Hong Kong food products and other (technology and e-commerce services), in accordance with ASC Topic 280, Segment Reporting. This segment reporting structure aligns with how the Chief Operating Decision Maker (CODM) assesses the Company’s performance and allocates resources. The Company’s Chief Executive Officer identified as the CODM, currently makes key operating decisions based on financial information and allocate resources at the consolidated company level. The CODM regularly reviews operating segments’ financial operating results, specifically net income, to evaluate and make key operating decisions