Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 81,134	$ 678,676
Accounts receivable, net of allowance of $3,222,723 and $2,726,107	65,750,593	64,074,337
Unbilled accounts receivable	4,242,245	9,368,565
Prepaid income taxes	1,162,127	1,202,405
Prepaid expenses and other current assets	1,961,320	1,696,010
Deposits, current	8,000,000	8,000,000
Total current assets	81,197,419	85,019,993
Non-current assets
Property and equipment, net	239,207	307,620
Right-of-use assets	2,933,582	2,067,906
Intangible assets, net	26,602,223	31,395,556
Deposits, long-term	279,769	271,318
Other assets	1,977,636	689,283
Total non-current assets	32,032,417	34,731,683
Total assets	113,229,836	119,751,676
Current liabilities
Accounts payable	5,110,155	2,028,100
Accrued expenses and other current liabilities	19,647,785	21,612,253
PEO liability and accrued interest	32,894,331	23,321,262
Current operating lease liabilities	1,459,704	1,313,128
Line of credit, current portion	49,308,253	42,508,379
Other long term debt	3,205,506	0
Total current liabilities	114,950,734	94,249,157
Non-current liabilities
Non-current operating lease liabilities	1,543,091	813,740
Total non-current liabilities	30,369,372	37,519,175
Total liabilities	145,320,106	131,768,332
Commitments and contingencies
Stockholders’ deficit
Preferred stock, $0.00001 par value; 20,000,000 shares authorized and none issued at December 31, 2025 and December 31, 2024, respectively	0	0
Common stock, $0.00001 par value; 300,000,000 shares authorized; 55,713,259 and 53,130,946 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	557	531
Additional paid-in capital	162,819,982	123,462,703
Accumulated deficit	(194,910,809)	(135,479,890)
Total stockholders’ deficit	(32,090,270)	(12,016,656)
Total liabilities and stockholders’ deficit	113,229,836	119,751,676
Related Party
Current liabilities
Due to related parties	0	2,091,035
Notes payable, current portion	1,950,000	0
Non-current liabilities
Notes payable, net of current portion - related parties	0	34,755,435
Nonrelated Party
Current liabilities
Notes payable, current portion	1,375,000	1,375,000
Non-current liabilities
Notes payable, net of current portion - related parties	$ 28,826,281	$ 1,950,000

ATLANTIC INTERNATIONAL CORP. 10-K