Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 614

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 614
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 paid-in capital. If the offering is abandoned, the costs are expensed immediately in the period the offering is terminated.

<div align='center'>F-63</div>

TABLE OF CONTENTS

#### BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES

### NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 3 — BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (continued)

Prior period adjustments

From time to time, the Company may identify errors related to prior periods. When such errors are determined to be immaterial to both the current period and the prior period financial statements, they are corrected in the period in which they are identified rather than restating the prior period financial statements.

During the year ended December 31, 2024, the Company identified and corrected certain immaterial errors related to prior periods. These adjustments were primarily related to correcting the misstatements related to depreciation, other general and administrative expenses and liabilities that had a net impact of $5,115. These adjustments were recorded through the opening accumulated equity (deficit) balance in the current year and did not have a material impact on the Company’s financial position, results of operations, or cash flows in any of the periods presented.

During the six month period ended June 30, 2025, an adjustment was recorded through the opening accumulated equity (deficit) balance in the amount of $(892) and did not have a material impact on the Company’s financial position, results of operations, or cash flows in any of the periods presented.

The Company assessed materiality based on both quantitative and qualitative factors in accordance with the guidance in Staff Accounting Bulletin No. 99, Materiality (SAB 99) and Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in Current Year Financial Statements (SAB 108).

Property, plant, and equipment

Property, plant, and equipment are recorded at cost and are depreciated/amortized using the straight- line method over the estimated useful lives of the assets which are as follows:

Computer: 2 to 5 years 
 Furniture and Fixture: 2 to 10 years 
 Plant and Equipment: 2 to 14 years 
 Vehicle: 4 to 8 years 
 Lease Hold Improvements: 5 to 40 years

Share capital

In accordance with ASC 505 “Equity” the Company considers an equity instrument to be any contract that evidences a residual interest in