Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 284

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 284
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 by market data                                        |
| Level 3: |     | Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions. |

There were no Level 1or 2 assets or liabilities or Level 3 assets in any period. The Company’s Level 3 liabilities were its warrants issued to Jackson and contingent consideration in connection with acquisitions.

|                                |     | Contingent    
 Consideration |       |
|:-------------------------------|:----|:--------------|------:|
| Balance at January 1, 2022     |     | $             | 4,054 |
| Headway deferred consideration |     |               | 4,290 |
| Balance at December 31, 2022   |     | $             | 8,344 |
| Headway Earnout                |     |               |   710 |
| Balance at December 30, 2023   |     | $             | 9,054 |

Cash is considered to be highly liquid and easily tradable and therefore classified as Level 1 within our fair value hierarchy.

ASC 825-10-25, “Fair Value Option” expands opportunities to use fair value measurements in financial reporting and permits entities to choose to measure many financial instruments and certain other items at fair value. The Company did not elect the fair value options for any of its qualifying financial instruments.

Property and Equipment

| Computers              |     | 3 – 5 years |
| Computer equipment     |     | 3 – 5 years |
| Network equipment      |     | 3 – 5 years |
| Software               |     | 3 – 5 years |
| Office equipment       |     | 3 – 7 years |
| Furniture and fixtures |     | 3 – 7 years |
| Leasehold improvements |     | 3 – 5 years |

Amortization of leasehold improvements is computed using the straight-line method over the shorter of the life of the lease or the estimated useful life of the assets. Maintenance and repairs are charged to expense as incurred. Major improvements are capitalized.

At the time of retirement or disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any gains or losses are reflected in Other income/(expenses.)

F-16 STAFFING 360 SOLUTIONS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FISCAL YEARS ENDED DECEMBER 30