Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 337

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 337
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             | (1,359 | ) |     | $           | (111,004 | ) |     | $      |  8,534 |   |

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

F-52

STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(All amounts in thousands)
(UNAUDITED)

|                                                                             |     | September 28, 
 2024          |        |   |     | September 30, 
 2023          |         |   |
|:----------------------------------------------------------------------------|:----|:--------------|-------:|:--|:----|:--------------|--------:|:--|
| CASH FLOWS FROM OPERATING ACTIVITIES:                                       |     |               |        |   |     |               |         |   |
| Net Loss                                                                    |     | $             | (7,370 | ) |     | $             |  (9,989 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |     |               |        |   |     |               |         |   |
| Depreciation and amortization                                               |     |               |  1,427 |   |     |               |   1,388 |   |
| Amortization of debt discount and deferred financing costs                  |     |               |    347 |   |     |               |     320 |   |
| Bad debt expense                                                            |     |               |      — |   |     |               |      21 |   |
| Right of use assets depreciation                                            |     |               |    826 |   |     |               |     973 |   |
| Stock-based compensation                                                    |     |               |    545 |   |     |               |   1,167 |   |
| Changes in operating assets and liabilities:                                |     |               |        |   |     |               |         |   |
| Accounts receivable                                                         |     |               | (1,744 | ) |     |               |     178 |   |
| Prepaid expenses and other current assets                                   |     |               |   (655 | ) |     |               |      88 |   |
| Other assets                                                                |     |               |    831 |   |     |               |   7,403 |   |
|