Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 8

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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    $12,503 
  
    Assembled
    workforce 
     500  
     367  
     133 
  
    Patents 
     349  
     28  
     321 
  
    Total 
    $47,734  
    $34,777  
    $12,957 

Intangible
assets consist of the following as of December 31, 2024:

    (Dollars
    in thousands) 
    Intangible
    Assets  
    Accumulated
    Amortization  
    Total 

    Strategic
    pipeline contract 
    $46,885  
    $29,694  
    $17,191 
  
    Assembled
    workforce 
     500  
     317  
     183 
  
    Patents 
     266  
     20  
     246 
  
    Total 
    $47,651  
    $30,031  
    $17,620 

Amortization
expense for the each of the three and six months ended June 30, 2025 and 2024 was approximately $2.4 million and $4.7 million, respectively.

    12

The
strategic pipeline contract relates to supply of a critical input to our digital mining and hosting business. The Company has analyzed
this strategic pipeline contract similar to a permit for future benefit. The strategic pipeline contract relates to potential renewable
energy datacenters that fit in the alignment of the Company structure to expand operations of the Company’s new focus in their
business.

The
Company expects to record amortization expense of intangible assets over the next five years and thereafter as follows:

Schedule of Amortization Expense of Intangible Assets

    (Dollars
    in thousands) 

    Year 
    2025 
  
    2025
    (remainder of the year) 
    $4,747 
  
    2026 
     7,914 
  
    2027 
     17 
  
    2028 
     17 
  
    2029 
     17 
  
    Thereafter 
     245 
  
    Total 
    $12,957 

6.
Accrued Liabilities

Accrued
liabilities consist of the following at:

Schedule of Accrued Liabilities

    (Dollars
    in thousands)