| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -32,282,698 | -21,462,354 |
| Bad debt expense | 456,054 | - |
| Amortization, deferred financing cost | 130,271 | 91,108 |
| Interest paid in kind | 0 | 0 |
| Loss on debt extinguishment | 0 | 0 |
| Deferred income taxes | 0 | 0 |
| Settlement claim to be paid in shares | 0 | 0 |
| Shares issued for services | 836,400 | 326,400 |
| Depreciation and amortization expense | 3,699,446 | 2,469,138 |
| Right-of-use asset amortization | 1,249,288 | 867,432 |
| Share based compensation | 19,019,485 | 12,309,724 |
| Accounts receivable | -16,166,836 | -17,356,622 |
| Unbilled accounts receivable | 3,037,446 | 44,838 |
| Prepaid expenses and other current assets | 859,600 | 715,739 |
| Due from related parties | 6,492,863 | 6,067,963 |
| Other assets | -26,628 | -101,536 |
| Accounts payable | 3,270,258 | 1,129,291 |
| Due to related parties | -2,091,035 | -2,091,035 |
| Income taxes payable | 0 | 0 |
| Accrued expenses and other current liabilities | 4,935,696 | 1,630,927 |
| Contingent consideration liability | 0 | 0 |
| Operating lease liability | -1,244,669 | -863,020 |
| Net cash provided by (used in) operating activities | 3,782,051 | 5,037,229 |
| Purchase of property and equipment | 44,495 | 30,073 |
| Net cash (used in) investing activities | -44,495 | -30,073 |
| Borrowings on revolving line of credit | 355,432,899 | 248,342,112 |
| Payments on revolving line of credit | 359,577,374 | 253,464,848 |
| Borrowing on credit agreement | 0 | 0 |
| Deemed capital contribution from recapitalization | 0 | 0 |
| Debt issuance costs payment | 188,351 | 188,351 |
| Net cash (used in) provided by financing activities | -4,332,826 | -5,311,087 |
| Net increase/(decrease) in cash and cash equivalents | -595,270 | -303,931 |
| Cash and cash equivalents at beginning of period | 678,676 | - |
| Cash and cash equivalents at end of period | 83,406 | - |
ATLANTIC INTERNATIONAL CORP. (SQLLW)
ATLANTIC INTERNATIONAL CORP. (SQLLW)