Company: ATLN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001605888-25-000055
Chunk: 44

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
 132,321,765 131,768,332 Commitments and contingencies Stockholders’ (deficit) Preferred stock, $0.00001 par value; 20,000,000 shares authorized and none issued at September 30, 2025 and December 31, 2024, respectively— — Common stock, $0.00001 par value; 300,000,000 shares authorized; 55,713,259 and 53,130,946 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 558 531 Additional paid-in capital 145,697,032 123,462,703 Accumulated deficit (167,762,588)(135,479,890)Total stockholders’ (deficit) (22,064,998)(12,016,656)Total liabilities and stockholders’ (deficit) $110,256,767 $119,751,676 

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

2

ATLANTIC INTERNATIONAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Service revenue, net$110,127,203 $107,803,843 $315,833,003 $313,063,328 Cost of revenue97,725,227 95,918,373 280,826,211 279,222,830 Gross profit12,401,976 11,885,470 35,006,792 33,840,498 Selling, general and administrative19,888,692 17,151,567 58,158,706 46,045,754 Depreciation and amortization1,230,307 1,245,557 3,699,446 3,754,165 (Loss) income from operations(8,717,023)(6,511,654)(26,851,360)(15,959,421)Loss on debt extinguishment— — — 1,213,379 Advisory fees paid in the merger— — — 43,000,000 Interest expense2,094,177 1,472,564 5,402,