ATLANTIC INTERNATIONAL CORP
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
CIRC$0.18-13.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit)
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN
STOCKHOLDERS’ EQUITY (DEFICIT)
| Mezzanine Capital · Members’ Capital (Deficit) · Stockholders’ Equity (Deficit) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Redeemable Interests · Common Stock | ||||||||||||||||||||
| RedeemableInterests · Total MezzanineCapital · Contributed Capital · Accumulated(Deficit) · Total Members’Equity/(Deficit) · Shares · Amount · Additional Paid inCapital · Accumulated Deficit · Total Stockholders’Equity (Deficit) | ||||||||||||||||||||
| Balance - December 31, 2023 | $10,663,750 | $10,663,750 | $11,786,313 | $(61,804,116) | $(50,017,803) | 25,423,729 | $254 | $22,449,809 | $(61,804,116) | $(39,354,053) | ||||||||||
| Effect of recapitalization | - | - | (23,484,032) | 61,804,116 | 38,320,084 | - | - | (1,804,116) | 61,804,116 | 60,000,000 | ||||||||||
| Accretion to redemption value | 133,162 | 133,162 | (133,162) | - | (133,162) | - | - | - | - | - | ||||||||||
| Exercise of redeemable interests | (10,796,912) | (10,796,912) | 10,796,912 | - | 10,796,912 | - | - | - | - | - | ||||||||||
| Net loss | - | - | - | - | - | - | - | - | (4,866,844) | (4,866,844) | ||||||||||
| Capital contribution | - | - | $1,033,969 | - | 1,033,969 | - | - | 1,033,969 | - | 133,969 | ||||||||||
| Balance - March 31, 2024 | $ | - | $ | - | $ | - | $ | - | $ | - | 25,423,729 | $254 | $21,679,662 | $(4,866,844) | $16,813,072 | |||||
| Net loss | - | - | - | - | - | - | - | - | (54,911,719) | (54,911,719) | ||||||||||
| Stock based compensation | - | - | - | - | - | - | - | 4,506,066 | - | 4,506,066 | ||||||||||
| Recapitalization of legacy company | - | - | - | - | - | 380,648 | 4 | (1,703,193) | - | (1,703,189) | ||||||||||
| Deemed contribution of debt deconsolidation from related party | - | - | - | - | - | - | - | 15,284,178 | - | 15,284,178 | ||||||||||
| Advisory fees paid in merger | - | - | - | - | - | 18,220,338 | 182 | 42,999,818 | - | 43,000,000 | ||||||||||
| Balance - June 30, 2024 | $ | - | $ | - | $ | - | $ | - | $ | - | 44,024,715 | $440 | $82,766,531 | $(59,778,563) | $22,988,408 | |||||
| Net loss | - | - | - | - | - | - | - | - | (7,049,629) | (7,049,629) | ||||||||||
| Stock based compensation | - | - | - | - | - | - | - | 285,483 | - | 285,483 | ||||||||||
| Stock issued for incentive plan | - | - | - | - | - | 1,300,000 | 13 | (13) | - | - | ||||||||||
| Balance - September 30, 2024 | $ | - | $ | - | $ | - | $ | - | $ | - | 45,324,715 | $453 | $83,052,001 | $(66,828,192) | $16,224,262 | |||||
| Mezzanine Capital · Members’ Capital (Deficit) · Stockholders’ Equity (Deficit) | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Redeemable Interests · Common Stock | |||||||||||||||||||||||||
| RedeemableInterests · Total MezzanineCapital · Contributed Capital · Accumulated(Deficit) · Total Members’(Deficit) · Shares · Amount · Additional Paid inCapital · Accumulated Deficit · Total Stockholders’Equity (Deficit) | |||||||||||||||||||||||||
| Balance - December 31, 2022 | $10,165,000 | $10,165,000 | $9,084,599 | $(46,552,096) | $(37,467,497) | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
| Effect of recapitalization | (10,165,000) | (10,165,000) | (9,084,599) | 46,552,096 | 37,467,497 | 25,423,729 | 254 | 21,679,662 | (46,552,096) | (24,872,180) | |||||||||||||||
| Accretion to redemption value | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Net loss | - | - | - | - | - | - | - | - | (2,328,283) | (2,328,283) | |||||||||||||||
| Capital contribution | - | - | - | - | - | - | - | 652,794 | - | 652,794 | |||||||||||||||
| Balance - March 31, 2023 | - | $ | - | $ | - | $ | - | $ | - | 25,423,729 | $254 | $22,332,456 | $(48,880,379) | $(26,547,669) | |||||||||||
| Accretion to redemption value | - | - | - | - | - | - | - | - | - | - | |||||||||||||||
| Net loss | - | - | - | - | - | - | - | - | (3,616,092) | (3,616,092) | |||||||||||||||
| Capital contribution | - | - | - | - | - | - | - | 1,697,209 | - | 1,697,209 | |||||||||||||||
| Balance - June 30, 2023 | $ | - | $ | - | $ | - | $ | - | $ | - | 25,423,729 | $254 | $24,029,665 | $(52,496,471) | $(28,466,552) | ||||||||||
| Net loss | - | - | - | - | - | - | - | - | (3,920,952) | (3,920,952) | |||||||||||||||
| Capital contribution | - | - | - | - | - | - | - | 519,005 | - | 519,005 | |||||||||||||||
| Balance - September 30, 2023 | $ | - | $ | - | $ | - | $ | - | $ | - | 25,423,729 | $254 | $24,548,670 | $(56,417,423) | $(31,868,499) | ||||||||||
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