v3.25.2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash	$ 4,030	$ 5,141
Due from related party	$ 2,400	$ 1,341
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration]	Sponsor [Member]	Sponsor [Member]
Total Current Assets	$ 6,430	$ 6,482
Non-current assets:
Restricted Cash and Cash held in Trust Account	14,765,219	14,215,318
Total Non-current Assets	14,765,219	14,215,318
TOTAL ASSETS	14,771,649	14,221,800
Current liabilities
Accrued expenses	2,268,760	1,943,887
Accounts payable	424,473	416,320
Total Current Liabilities	8,123,525	7,316,823
Non-current liabilities:
Deferred underwriter's fee payable	4,025,000	4,025,000
Total Noncurrent Liabilities	4,025,000	4,025,000
Total Liabilities	12,148,525	11,341,823
Commitments and Contingencies (Note 5)
Shareholders' Deficit
Preference shares, $0.0001 par value, 1,000,000 shares authorized; none issued and outstanding
Accumulated deficit	(12,142,383)	(11,335,628)
Total Shareholders' Deficit	(12,142,095)	(11,335,340)
TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT	14,771,649	14,221,800
Prior Sponsor
Current liabilities
Due to	233,229	233,229
Promissory note	1,790,000	1,790,000
New sponsor
Current liabilities
Promissory note	3,407,063	2,933,387
Class A ordinary shares subject to possible redemption
Non-current liabilities:
Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,185,481 shares issued and outstanding at redemption value	14,765,219	14,215,318
Class A ordinary shares not subject to possible redemption
Shareholders' Deficit
Ordinary shares	0	0
Class B ordinary shares
Shareholders' Deficit
Ordinary shares	$ 288	$ 288

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Integrated Wellness Acquisition Corp 10-Q