Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 680

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 680
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 well as amounts owed to the buyer of the assets (see Note 11 ) for revenue collected on their behalf. The total amount owed on December 31, 2024, and 2023, was $1,535,434 and $1,160,879 respectively with details as follows:

| ​                                                    
 Accounts Payable and Other Current Liabilities       | ​ 
 ​ | ​ 
 ​ | As of December 31, 
 2024               |   |           |   | ​ | ​ | 2023 |   |           |   | ​ 
 ​ |
|:-----------------------------------------------------|:--|:--|:-------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Credit card                                          | ​ | ​ | ​                  | $ |   220,358 | ​ | ​ | ​ | ​    | $ |    92,230 | ​ | ​ |
| Customer deposit                                     | ​ | ​ | ​                  | ​ |   149,987 | ​ | ​ | ​ | ​    | ​ |   253,551 | ​ | ​ |
| Vendors                                              | ​ | ​ | ​                  | ​ | 1,165,089 | ​ | ​ | ​ | ​    | ​ |   815,098 | ​ | ​ |
| Total Accounts payable and other current liabilities | ​ | ​ | ​                  | $ | 1,535,434 | ​ | ​ | ​ | ​    | $ | 1,160,879 | ​ | ​ |

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 December 31, 2024, and 2023, was $333,824 and $598,861 respectively with details as follows:

| ​                                     
 Accrued Expenses                      | ​ 
 ​ | ​ 
 ​ | As of December 31, 
 2024               |   |         |   | ​ | ​ | 2023 |   |         |   | ​ 
 ​ |
|:--------------------------------------|:--|:--|:-------------------|:--|--------:|:--|:--|:--|:-----|:--|