CIRCLE8 GROUP INC
Business
Atlantic International Corp (formerly SeqLL Inc.) is a U.S.-based outsourced services and workforce solutions company operating through two primary divisions. Lyneer Staffing Solutions provides strategic staffing and temporary, permanent, and managed-service-provider placements across food production, manufacturing, logistics, accounting & finance, administrative, hospitality, IT, legal, light industrial, and medical sectors nationwide. Circle8 Group, acquired January 2026, is a European IT and technology staffing platform managing over 16,000 specialized professionals in software development, cybersecurity, data analytics, and infrastructure across financial services, government, healthcare, and technology sectors.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Service revenue, net | 436 | 443 | 401 | — | — | |
| Cost of revenue | 390 | 395 | 354 | 690 | 57,690 | |
| Gross profit | 46 | 47 | 47 | 77,969 | 152,305 | |
| Selling, general and administrative | 91 | 64 | 45 | — | — | |
| Depreciation and amortization | 5 | 5 | 5 | — | — | |
| (Loss) income from operations | −50 | −22 | −3 | −4 | −3 | |
| Loss on debt extinguishment | 0 | 1 | 189,951 | — | 934,257 | |
| Advisory fees paid in merger | 0 | 43 | 0 | — | — | |
| Interest expense | 9 | 12 | 18 | — | — | |
| Other expense | 0 | 52 | 0 | — | — | |
| Net loss before provision for income taxes | −59 | −130 | −21 | — | — | |
| Income tax expense | −33,991 | −5 | 6 | — | — | |
| Net loss | −59 | −135 | −15 | −4 | −4 | |
| Net loss per share, basic (in dollars per share) | −1.08 | −3.68 | −0.6 | −12.38 | −0.51 | |
| Net loss per share, diluted (in dollars per share) | −1.08 | −3.68 | −0.6 | −12.38 | −0.51 | |
| Weighted-average shares outstanding, basic (in shares) | 55 | 37 | 25 | 330,648 | 7 | |
| Weighted-average shares outstanding, diluted (in shares) | 55 | 37 | 25 | 330,648 | 7 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 81,134 | 678,676 | 1 | 2 | 4 | |
| Accounts receivable, net of allowance of $3,222,723 and $2,726,107 | 66 | 64 | 59 | 21,214 | — | |
| Unbilled accounts receivable | 4 | 9 | 6 | — | — | |
| Prepaid income taxes | 1 | 1 | 1 | — | — | |
| Prepaid expenses and other current assets | 2 | 2 | 4 | — | — | |
| Deposits, current | 8 | 8 | 8 | — | — | |
| Total current assets | 81 | 85 | 79 | 7 | 10 | |
| Property and equipment, net | 239,207 | 307,620 | 432,695 | 530,108 | 265,267 | |
| Right-of-use assets | 3 | 2 | 2 | 1 | — | |
| Intangible assets, net | 27 | 31 | 36 | — | — | |
| Deposits, long-term | 279,769 | 271,318 | 276,367 | — | — | |
| Other assets | 2 | 689,283 | 2 | 118,954 | 50,488 | |
| Total non-current assets | 32 | 35 | 48 | — | — | |
| Total assets | 113 | 120 | 127 | 8 | 11 | |
| Accounts payable | 5 | 2 | 799,568 | 622,436 | 871,364 | |
| Accrued expenses and other current liabilities | 20 | 22 | 16 | — | — | |
| PEO liability and accrued interest | 33 | 23 | — | — | — | |
| Current operating lease liabilities | 1 | 1 | 1 | 110,114 | — | |
| Line of credit, current portion | 49 | 43 | 85 | — | — | |
| Other long term debt | 3 | 0 | — | — | — | |
| Total current liabilities | 115 | 94 | 162 | 1 | 3 | |
| Non-current operating lease liabilities | 2 | 813,740 | 980,851 | 1 | — | |
| Total non-current liabilities | 30 | 38 | 4 | 3 | — | |
| Total liabilities | 145 | 132 | 166 | 4 | 3 | |
| Commitments and contingencies | — | — | — | — | — | |
| 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 | 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 | 254 | 3 | 119 | |
| Additional paid-in capital | 163 | 123 | 22 | — | — | |
| Accumulated deficit | −195 | −135 | −62 | −19 | −14 | |
| Total stockholders deficit | −32 | −12 | −39 | −27 | 8 | |
| Total liabilities and stockholders deficit | 113 | 120 | 127 | 8 | 11 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Bad debt expense | 1 | 957,031 | 2 | — | — | |
| Amortization, deferred financing cost | 210,495 | 594,275 | 673,322 | — | — | |
| Interest paid in kind | 0 | 1 | 2 | — | — | |
| Deferred income taxes | 0 | 5 | −5 | — | — | |
| Settlement claim to be paid in shares | 0 | 11 | 0 | — | — | |
| Shares issued for services | 836,400 | 43 | 0 | 111,984 | — | |
| Depreciation and amortization expense | 5 | 5 | 5 | — | — | |
| Right-of-use amortization expense | 2 | 2 | — | — | — | |
| Share based compensation | 36 | 45 | 0 | 256,900 | 333,978 | |
| Accounts receivable | −3 | −6 | 659,233 | 9,500 | — | |
| Unbilled accounts receivable | 5 | −4 | 646,253 | — | — | |
| Prepaid expenses and other current assets | −265,310 | −1 | −3 | — | — | |
| Prepaid income taxes | 40,278 | 79,520 | −1 | — | — | |
| Deposits | −8,451 | 5,049 | 7,637 | — | — | |
| Other assets | −1 | −230,360 | −572,881 | −68,466 | −36,226 | |
| Accounts payable | 3 | 1 | 631,857 | −248,928 | 9,524 | |
| Due to related parties | −2 | 1 | −549,777 | — | — | |
| Income taxes payable | 0 | 13,913 | −66,317 | — | — | |
| Accrued expenses and other current liabilities | 10 | 32 | 5 | — | — | |
| Contingent consideration liability | 0 | −7 | 0 | — | — | |
| Operating lease liability | −2 | −2 | −1 | — | — | |
| Net cash used in operating activities | −4 | −6 | −9 | −4 | −2 | |
| Purchase of property and equipment, net | −66,768 | −73,456 | −73,711 | −40,020 | −14,470 | |
| Net cash used in investing activities | −66,768 | −73,456 | −73,711 | 2 | −6 | |
| Borrowings on revolving line of credit | 478 | 440 | 406 | — | — | |
| Payments on revolving line of credit | −471 | −443 | −397 | — | — | |
| Repayments of Notes Payable | 6 | 0 | — | — | −270,000 | |
| Borrowings on other debt | 4 | 0 | — | — | — | |
| Payments on other debt | −733,555 | 0 | — | — | — | |
| Borrowings on notes payable | 0 | 2 | — | — | — | |
| Deemed capital contribution from recapitalization | 0 | 7 | 0 | — | — | |
| Debt issuance costs payment | −290,351 | −319,500 | −40,000 | — | — | |
| Net cash provided by financing activities | 4 | 5 | 9 | — | 12 | |
| Net decrease in cash and cash equivalents | −597,542 | −674,251 | −363,234 | — | — | |
| Interest | 5 | 7 | 9 | — | — | |
| Settlement shares issued to legacy stockholders | 2 | 0 | — | — | 3 | |
| Derecognition of debt, net related to debt deconsolidation | 0 | −69 | 0 | — | — | |
| Accretion of redeemable units to redemption value | 0 | 133,162 | 498,750 | — | — | |
| Unpaid debt issuance costs added to Term Note | 0 | 600,000 | 0 | — | — | |
| Notes payable issued for amounts due under contingent consideration arrangements | 0 | 7 | 0 | — | — | |
| Deemed capital contribution | 0 | 1 | 3 | — | — | |
| Change in related parties | 0 | −6 | 0 | — | — | |
| Deemed capital contribution from Merger | 0 | 9 | 0 | — | — | |
| Liabilities assumed in Merger | 0 | 2 | 0 | — | — | |
| Recapitalization of equity as a result of the Merger | 0 | 74 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CIRCLE8 GROUP INC's CIK number?
CIRCLE8 GROUP INC's SEC CIK number is 0001605888 (1605888). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CIRCLE8 GROUP INC's SEC filings?
All of CIRCLE8 GROUP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CIRCLE8 GROUP INC last report earnings?
CIRCLE8 GROUP INC (CIRC) most recently filed an earnings 8-K with the SEC on Jun 25, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001605888-26-000028). This is CIRCLE8 GROUP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is CIRCLE8 GROUP INC's most recent earnings 8-K?
CIRCLE8 GROUP INC's latest earnings 8-K (Item 2.02) was filed Jun 25, 2026 under accession 0001605888-26-000028. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CIRCLE8 GROUP INC's latest earnings 8-K →
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