Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 410

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 410
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Sales, net Sales decreased to $848,140 in Q2-2025 from $975,483 in Q2-2024. This is a decrease of $127,343 or 13%. Sales decreased to $ 1,635,472 for the six months ended June 30, 2025 from $1,983,868 for the six months ended June 30, 2024. This is a decrease of $348,396 or 18%. The decrease on sales was driven by a decreased in volume of sale of office and home products. Changes in foreign currency exchange rates reduced net sales by $24,238 in Q2-2025 and $62,228 for the six months ended June 30, 2025. For a discussion of the effect of foreign exchange rates on sales growth, see “Effect of Foreign Exchange Rates” herein. Cost of Sales Cost of sales decreased to $736,696 in Q2-2025 from $846,696 in Q2-2024. This is a decrease of $109,937 or 13% in line with the decrease in sales during the period. Cost of sales decreased to $ 1,421,512 for the six months ended June 30, 2025 from $1,721,275 for the six months ended June 30, 2024, this is a decrease of $299,763 or 17% in line with the decrease in sales during the period. Changes in foreign currency exchange rates reduced cost of sales by $21,053 in Q2-2025 and $54,097 for the six months ended June 30, 2025 . For a discussion of the effect of foreign exchange rates on cost of sales growth, see “Effect of Foreign Exchange Rates” herein. Cost of sales decreased as a result of a decrease in sales volume. The primary products which experienced a decrease in purchases included fabrics, frames, and foam. Gross Profit Gross profit decreased to $111,444 in Q2-2025, down from $128,850