ATLANTIC INTERNATIONAL CORP. (ATLN)
ATLANTIC INTERNATIONAL CORP. (ATLN)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 24,099,529 | 81,134 | 83,406 | 374,745 |
| Accounts receivable, net of allowance of 2,343,732 and 3,222,723 | 183,101,287 | 65,750,593 | 47,451,447 | 46,717,715 |
| Contract assets | 101,757,781 | NaN | NaN | NaN |
| Unbilled accounts receivable | 6,679,154 | 4,242,245 | 12,406,011 | 9,413,403 |
| Prepaid income taxes | NaN | 1,162,127 | NaN | NaN |
| Due from employees | 628,809 | NaN | NaN | NaN |
| Prepaid expenses and other current assets | 3,648,394 | 1,961,320 | 3,758,015 | 3,614,154 |
| Deposits, current | 8,000,000 | 8,000,000 | 8,000,000 | 8,000,000 |
| Total current assets | 327,914,954 | 81,197,419 | 71,698,879 | 68,120,017 |
| Property and equipment, net | 1,604,531 | 239,207 | 247,669 | 265,221 |
| Operating leases right-of-use assets | 4,202,891 | 2,933,582 | 2,157,827 | 2,452,484 |
| Finance leases right-of-use assets, net | 2,045,199 | NaN | NaN | NaN |
| Goodwill | 448,745,779 | NaN | NaN | NaN |
| Intangible assets, net | 191,833,745 | 26,602,223 | 27,800,556 | 28,998,890 |
| Due from related parties | 201,569 | NaN | 7,417,863 | 6,067,963 |
| Deposits, long-term | NaN | 279,769 | NaN | NaN |
| Deferred tax assets, net | 381,266 | NaN | NaN | NaN |
| Other assets | 4,118,856 | 1,977,636 | 933,973 | 859,065 |
| Total non-current assets | 653,133,836 | 32,032,417 | 38,557,888 | 38,643,623 |
| Total assets | 981,048,790 | 113,229,836 | 110,256,767 | 106,763,640 |
| Accounts payable | 152,591,253 | 5,110,155 | 5,298,358 | 3,157,391 |
| Accrued expenses and other current liabilities | 164,405,786 | 19,647,785 | 19,602,641 | 44,185,971 |
| Peo liability and accrued interest | 39,908,098 | 32,894,331 | 28,813,099 | NaN |
| Due to related parties-Related Party | 406,495 | 0 | 0 | 0 |
| Current operating lease liabilities | 2,008,853 | 1,459,704 | 1,153,020 | 1,284,340 |
| Finance lease, liability, current | 662,717 | NaN | NaN | NaN |
| Line of credit, current portion | 45,141,541 | 49,308,253 | 1,950,000 | 1,950,000 |
| Notes payable, current portion-Nonrelated Party | 53,528,803 | 1,375,000 | 1,375,000 | 1,375,000 |
| Notes payable, current portion-Related Party | 1,950,000 | 1,950,000 | NaN | NaN |
| Convertible note payable related parties-Related Party | 161,961,751 | NaN | NaN | NaN |
| Factoring debt, current portion | 205,933,405 | 3,205,506 | NaN | NaN |
| Contingent consideration liability related parties | 7,698,574 | NaN | NaN | NaN |
| Total current liabilities | 836,197,276 | 114,950,734 | 58,192,118 | 51,952,702 |
| Line of credit, net of current portion | NaN | NaN | 38,202,060 | 37,208,102 |
| Notes payable, net of current portion - related parties | 44,656,617 | 28,826,281 | NaN | NaN |
| Notes payable, net of current portion - related parties-Related Party | NaN | 0 | 34,859,199 | 34,835,733 |
| Warrant liabilities, non-current | 6,216,515 | NaN | NaN | NaN |
| Non-current operating lease liabilities | 2,283,113 | 1,543,091 | 1,068,388 | 1,231,518 |
| Non-current finance lease liabilities | 1,433,904 | NaN | NaN | NaN |
| Deferred tax liability | 32,215,449 | NaN | NaN | NaN |
| Other liabilities | 3,304,307 | NaN | NaN | NaN |
| Total non-current liabilities | 90,109,905 | 30,369,372 | 74,129,647 | 73,275,353 |
| Total liabilities | 926,307,181 | 145,320,106 | 132,321,765 | 125,228,055 |
| Series b convertible preferred stock, 5 cumulative dividends, 15,000 and 0 shares designated and 5,600 and 0 shares issued and outstanding at march31, 2026 and december31, 2025, respectively, redemption amount of 7,300,387 and 0 as of march31, 2026 and december31, 2025, respectively | 8,927,475 | NaN | NaN | NaN |
| Redeemable noncontrolling interest | 3,388,143 | NaN | NaN | NaN |
| Common stock, 0.00001 par value 300,000,000 shares authorized 79,289,016 and 55,713,259 shares issued and outstanding as of march31, 2026 and december31, 2025, respectively | 793 | 557 | 558 | 546 |
| Additional paid-in capital | 269,299,380 | 162,819,982 | 145,697,032 | 138,477,283 |
| Accumulated deficit | -225,656,934 | -194,910,809 | -167,762,588 | -156,942,244 |
| Accumulated other comprehensive income (loss), net of tax | -1,217,248 | NaN | NaN | NaN |
| Total stockholders equity/(deficit) | 42,425,991 | -32,090,270 | -22,064,998 | -18,464,415 |
| Total liabilities, mezzanine equity and stockholders equity | 981,048,790 | 113,229,836 | 110,256,767 | 106,763,640 |