Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 631

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 631
---
 | ​ |

Accrued expenses are primarily comprised of amounts owed to the taxing authorities including the goods and services tax (“GST”), payroll related payables including pay as go withholding (“PAYG withholding”) and superannuation, as well as amounts owed to financial institutions and customers. The total amount owed on June 30, 2025 and December 31, 2024, was $368,406 and $333,824, respectively, with details as follows:

| Accrued Expenses                    | ​ | ​ | As ofJune 30, 2025 |   |         |   | ​ | ​ | As ofDecember 31, 2024 |   |         |   | ​ |
|:------------------------------------|:--|:--|:-------------------|:--|--------:|:--|:--|:--|:-----------------------|:--|--------:|:--|:--|
| Accrued compensations and benefits* | ​ | ​ | ​                  | $ | -13,422 | ​ | ​ | ​ | ​                      | $ |   9,212 | ​ | ​ |
| Non US GST liabilities              | ​ | ​ | ​                  | ​ | 324,266 | ​ | ​ | ​ | ​                      | ​ | 273,015 | ​ | ​ |
| Vendors                             | ​ | ​ | ​                  | ​ |  57,562 | ​ | ​ | ​ | ​                      | ​ |  51,597 | ​ | ​ |
| Total Accrued Expenses              | ​ | ​ | ​                  | $ | 368,406 | ​ | ​ | ​ | ​                      | $ | 333,824 | ​ | ​ |

(1) June 30, 2025 and December 31, 2024 balance includes receivable balance from ATO of $221,313 and $234,634 respectively, resulting in a net receivable balance for the six month period ended June 30, 2025 (2) June 30, 2025 and December 31, 2024 balance includes late tax filing penalty accrual of $50,000

F-74

TABLE OF CONTENTS

BTAB ECOMMERCE GROUP, INC. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS NOTE 10 — RELATED PARTY TRANSACTIONS Related party receivables and payables Related party receivables and payables owed are