MedWellAI, Inc. reported significant financial changes in its latest 10-Q filing for the six months ending December 31, 2025. The company generated total revenue of $1.08 million, a substantial increase from $144,009 in the same period last year. This growth was primarily driven by product sales, which amounted to $1.03 million, compared to zero in the previous year, reflecting a strategic shift towards selling GLP medications for weight loss and diabetes management. However, the company also reported a net loss attributable to shareholders of $939,397, a decrease from a loss of $1.89 million in the prior year, indicating some improvement in profitability despite ongoing challenges.
The filing highlighted a notable decline in commission revenues, which fell to $2,623 for the three months ended December 31, 2025, down from $133,272 in the same period last year. Online sales also decreased significantly, reflecting the company's decision to exit this segment due to regulatory hurdles. Rental income, however, increased to $22,500 for the three months ended December 31, 2025, compared to zero in the previous year, as the company entered a sublease agreement in June 2025.
Operationally, MedWellAI has undergone significant changes, including the acquisition of a 51% interest in Healthy Lifestyle USA LLC in August 2024. The company has also consolidated its Series C and D preferred stocks into a single series of convertible preferred stock, which has implications for its capital structure. As of December 31, 2025, the company reported total current assets of $164,430, a decrease from $418,773 as of June 30, 2025, while current liabilities surged to $7.68 million, leading to a stockholders' deficit of $7.45 million.
The company’s management has expressed concerns regarding its ability to continue as a going concern, citing an accumulated deficit of $89.61 million and a current liabilities-to-current assets ratio that raises substantial doubt about its financial stability. The management plans to raise capital through debt or equity markets to fund operations until they can achieve a sustainable level of profitability. The filing also noted that the company is incurring increased costs associated with being a publicly traded entity, which may further impact its financial performance.
Looking ahead, MedWellAI aims to focus on its core business of AI-driven healthcare and wellness solutions, leveraging its B2B e-commerce platform to distribute pharmaceutical products. The company is also exploring opportunities for geographic expansion and product adoption in the health and wellness sector. However, the management cautioned that achieving these goals will depend on successfully navigating market conditions and securing necessary funding.
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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