Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 679

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 679
---
2023 |   |            |   | ​ 
 ​ |
|:------------------------------------------------|:--|:--|:-------------------|:--|-----------:|:--|:--|:--|:-----|:--|-----------:|:--|:--|
| Furniture and fittings                          | ​ | ​ | ​                  | $ |    385,383 | ​ | ​ | ​ | ​    | $ |    401,939 | ​ | ​ |
| Plant and equipment                             | ​ | ​ | ​                  | ​ |    747,839 | ​ | ​ | ​ | ​    | ​ |    815,918 | ​ | ​ |
| Motor vehicle                                   | ​ | ​ | ​                  | ​ |    542,778 | ​ | ​ | ​ | ​    | ​ |    689,005 | ​ | ​ |
| Total property, plant, and equipment            | ​ | ​ | ​                  | ​ |  1,676,000 | ​ | ​ | ​ | ​    | ​ |  1,906,862 | ​ | ​ |
| Less: Accumulated depreciation and amortization | ​ | ​ | ​                  | ​ | -1,521,740 | ​ | ​ | ​ | ​    | ​ | -1,633,130 | ​ | ​ |
| Property, plant, and equipment, net             | ​ | ​ | ​                  | $ |    154,260 | ​ | ​ | ​ | ​    | $ |    273,732 | ​ | ​ |

Depreciation expense for the fiscal years ended December 31, 2024 and 2023, was $149,191 and $47,371, respectively. There were no write-offs of property plant and equipment for 2024, however, there were disposals of $98,217 and $0, respectively. Current year depreciation has adjustments for prior period items. Refer to Note 3 — Prior period adjustments for more details.

F-107

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2024, and 2023 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