Company: ATLN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001605888-25-000031
Chunk: 45

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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254 Other expense— 15,607,737 — 15,607,737 Net loss before provision for income taxes(10,708,551)(72,133,698)(21,443,119)(78,291,137)Income tax (expense)/benefit(9,618)17,221,979 (19,235)18,512,574 Net loss$(10,718,169)$(54,911,719)$(21,462,354)$(59,778,563)Net loss per share, basic and diluted$(0.20)$(1.96)$(0.40)$(2.23)Weighted-average shares outstanding, basic and diluted54,553,90528,081,01354,266,33726,752,371

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

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Table of Contents    

ATLANTIC INTERNATIONAL CORP AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN

STOCKHOLDERS’ (DEFICIT)

(Unaudited)

Stockholders’ (Deficit)Common StockSharesAmountAdditional Paid inCapital Accumulated Deficit Total 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 Stock issued for services65,1481 326,399 - 326,400 Stock issued to legacy stockholders764,4868 2,359,263 - 2,359,271 Stock issued for RSUs593,2216 (6)- 133,969 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 Stock issued to legacy stockholders9,458- 19,200 - 19,200 Balance - June 30, 202554,563,259$546 $