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Accrued Expenses and Other Current Liabilities | 6 Months Ended
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Jun. 30, 2025
Accrued Liabilities and Other Liabilities [Abstract] |
Accrued Expenses and Other Current Liabilities | Note 9: Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following:
| June 30, 2025 |  | December 31, 2024
Potential settlement offer for legacy stockholders | $ | 8,723,200 |  |  | $ | 11,101,671 |
Accrued wages and salaries | 27,066,957 |  |  | 25,784,955 |
Accrued commissions and bonuses | 2,702,798 |  |  | 3,515,821 |
Accrued interest | 1,650,048 |  |  | 683,046 |
Income tax payable | 13,913 |  |  | 13,913 |
Accrued other expenses and current liabilities | 4,029,055 |  |  | 3,834,109 |
Total accrued expenses and other current liabilities | $ | 44,185,971 |  |  | $ | 44,933,515 |
Legacy Stockholder Dividend Settlements The Company at merger on June 18, 2024, put in escrow 4,704,098 shares at a closing price of $2.36 per share valued at $11,101,671, as a reserve for the potential settlement amounts of legacy SeqLL stockholders and was required to extend a settlement offer within 90 days from June 18, 2024. The Company extended offers for settlement to the legacy stockholders, as a result of the Company failing to declare and pay a declared dividend as described in the Company’s filings, to issue shares of Atlantic International Corp. stock at the September 10, 2024 closing stock price of $6.45. The Company has issued 773,944 shares in partial satisfaction of this settlement as of the issuance date of the Company’s June 30, 2025 condensed consolidated unaudited financial statements with an issuance stock price range of $2.03 - $6.20 per share, with an additional 1,000,701 shares pending issuance. On October 24, 2024 the Company entered into an Amended and Restated Settlement Agreement and General Release of Claims with regard to the Company’s failure to declare and pay a declared dividend as described in the Company’s filings and the Company’s former Chief Executive Officer agreed to provide consulting services to the Company. In full and final satisfaction of any and all obligations related to the dividend and consulting services, the Company agreed to the following: •$25,000 cash payment as an initial payment under the Consulting Agreement •Consulting fees will be paid at the sum of $7,500 per month, paid quarterly •757,833 shares will be issued as additional consideration for up to 10 hours of services a week. Any weekly hours in excess of those hours will be billed at a negotiated rate •230,027 shares will be issued as a Dividend settlement Professional Employer Organization The majority of the Accrued wages and salaries above relate to the PEO, which the Company is engaged to process payroll for the Company. An unpaid balance to the PEO is subject to a periodic charge of 1.5% per calendar month for any unpaid balances. Legal Counsel Exchange Agreement On December 5, 2024, the Company and its legal counsel entered into an exchange agreement whereby the Company shall issue to legal counsel 20,000 restricted shares of common stock in satisfaction of $101,400 of accounts payable to legal counsel at the closing price of $5.07 per share. These shares were transferred to legal counsel on February 12, 2025.

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