Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 57

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 57
---
9 
  
    Customer deposits 
     30  
     - 
  
    Operating lease liability 
     8  
     7 
  
    Total current liabilities 
     3,363  
     3,614 

    Other liabilities 
     84  
     - 
  
    Operating lease liability 
     72  
     74 
  
    Total liabilities 
    $3,519  
    $3,668 

    34

15. 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. 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 has three reportable segments: Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing.
In the third quarter of 2024, the Company initiated Soluna Cloud Services, a new business line to provide high performance computing
services to support generative AI workstreams, but decided to exit active provision of these services during the first quarter of 2025
and will focus in the future on provision of colocation services at our datacenters to host customers in the AI generative space.

The
guidance requires that segment disclosures present the measure(s) used by the Chief Operating Decision Maker (“CODM”) to
decide how to allocate resources and for purposes of assessing such segments’ performance. The Company’s CODM is composed
of several members of its senior leadership team directed by the CEO and CFO who use revenue and cost of revenues which formulate gross
profit (loss), as well as total general and administrative expenses of the reporting segments to assess the performance of the business
of our reportable operating segments and allocate resources. Operating profit (loss) is used