Company: ATLN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001605888-25-000055
Chunk: 45

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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959 10,494,818 Other expense— 285,483 — 15,893,220 Net loss before provision for income taxes(10,811,200)(8,269,701)(32,254,319)(86,560,838)Income tax (expense)/benefit(9,144)1,220,072 (28,379)19,732,646 Net loss$(10,820,344)$(7,049,629)$(32,282,698)$(66,828,192)Net loss per share, basic and diluted$(0.20)$(0.16)$(0.59)$(2.04)Weighted-average shares outstanding, basic and diluted55,119,78144,688,84554,553,94532,774,837

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3

ATLANTIC INTERNATIONAL CORP AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN

STOCKHOLDERS’ (DEFICIT)

(Unaudited)

Stockholders’ (Deficit)Common StockSharesAmountAdditional Paid inCapitalAccumulated DeficitTotal Stockholders’(Deficit)Balance - December 31, 202453,130,946$531 $123,462,703 $(135,479,890)$(12,016,656)Net loss-- - (10,744,185)(10,744,185)Stock based compensation-- 6,039,973 - 6,039,973 Shares issued for services65,1481 326,399 - 326,400 Shares issued to legacy stockholders764,4868 2,359,263 - 2,359,271 Stock issued for RSUs593,2216 (6)- - Balance - March 31, 202554,553,801 $546 $132,188,332 $(146,224,075)$(14,035,197)Net loss-- - (10,718,169)(10,718,169)Stock based compensation-- 6,269,751 - 6,269,751 Shares issued to legacy stockholders9,458- 19,200 - 19,200 Balance - June 30, 202554,563,259$546 $138