Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3837

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 3837
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 the significant decisions made in the ordinary
course of business. The non-controlling shareholders do not hold substantive participating rights, voting rights or liquidation rights.
As of December 31, 2024, SLC owns 85% and SDI owns 15% of ComputeCo.

The
carrying amount of the assets and liabilities was as follows for ComputeCo:

 Schedule of Variable Interest Entities of Assets and Liabilities

    (Dollars in thousands) 
    December 31, 2024 

    Current assets: 

    Cash and restricted cash 
    $402 
  
    Accounts receivable, intercompany 
     2,868 
  
    Prepaids and other current assets 
     41 
  
    Other receivable, related party 
     3,370 
  
    Total current assets 
     6,681 

    Other assets- long term, related party 
     13,223 
  
    Operating lease right-of-use asset 
     82 
  
    Deposits on equipment 
     716 
  
    Total assets 
    $20,702 

    Current liabilities: 

    Accounts payable, related party 
    $3,598 
  
    Due to intercompany 
     9 
  
    Operating lease liability 
     7 
  
    Total current liabilities 
     3,614 
  
    Operating lease liability 
     74 
  
    Total liabilities 
    $3,668 

16.
Segment Information

The
Company applies ASC 280, Segment Reporting, in determining its reportable segments. The Company has adopted ASU) 2023-07, Segment
Reporting (Topic 280): Improvement to Reportable Segment Disclosures (ASU 2023-07), which requires disclosure of incremental
segment information on an annual and interim basis, primarily through enhanced disclosures of significant segment expenses for the
year ended December 31, 2024. Operating segments are aggregated into a reportable segment if the operating segments have similar
quantitative economic characteristics and if the operating segments are similar in the following qualitative characteristics: (i)
nature of products and services; (ii) nature of production processes; (iii) type or class of customer for their products and
services; (iv) methods used to distribute the products or provide services; and (v) if applicable, the nature of the regulatory
environment. The Company’s reportable segments are identified based on the types of service performed. The Company