MedWellAI, Inc. reported its financial results for the three months ending September 30, 2025, revealing total revenue of $96,094, a significant increase from $1,148 in the same period last year. The revenue growth was primarily driven by commissions amounting to $94,887, marking the first time the company has generated commission income. However, the company incurred a net loss of $653,607, a reduction from a net loss of $1,243,249 in the prior year, indicating an improvement in profitability despite ongoing challenges.
The company's balance sheet as of September 30, 2025, showed total assets of $549,872, a decrease from $805,500 as of June 30, 2025. Current assets fell to $241,641 from $418,773, largely due to a decline in cash reserves, which dropped to $223,221 from $401,310. Current liabilities increased significantly to $7,534,367 from $3,055,910, primarily due to a rise in accounts payable and accrued expenses. The accumulated deficit also widened to $89,325,758, raising concerns about the company's financial stability.
Strategically, MedWellAI has made notable developments, including the acquisition of a 51% interest in Healthy Lifestyle USA LLC in August 2024, which is expected to enhance its portfolio in AI-driven healthcare solutions. The company operates through its subsidiary, MedWell USA, which focuses on a B2B e-commerce platform for pharmaceutical products. The company has also issued common stock for services and settled liabilities, reflecting ongoing efforts to manage its financial obligations.
Operationally, MedWellAI's customer engagement metrics are evolving, with the company reporting a weighted average of 6,186,580 common shares outstanding for the quarter. The company has also recognized a noncontrolling interest in its acquisition, indicating a strategic move to expand its market presence. However, the company has faced challenges in its online sales segment, which it is no longer pursuing due to regulatory hurdles.
Looking ahead, MedWellAI's management has expressed concerns regarding its ability to continue as a going concern, given the substantial accumulated deficit and the current liabilities exceeding current assets by $7,292,726. The company is actively evaluating its strategic options to improve its financial position and operational efficiency, while also navigating the complexities of the healthcare and wellness market. The results for the interim period are not necessarily indicative of future performance, and the company will continue to monitor its financial health closely.
About MedWellAI, Inc.
Integrated Ventures, Inc. is a diversified holding company focused on digital asset mining, sales of branded mining rigs, and recently expanding into the health and wellness sector. It owns cryptocurrency mining infrastructure, primarily Bitcoin, and invests in digital assets. The company develops, acquires, and operates profitable businesses, leveraging blockchain technology and digital currencies in its core operations.
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