Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1029

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 1029
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 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. ASU 2023-07 is effective for
fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024 and requires
retrospective application to all periods presented upon adoption. Early adoption is permitted. The Company adopted ASU 2023-07 for the
year ended December 31, 2024. As a result of the adoption, the Company expanded its disclosures in Note 16 Segment Information,
to present significant expenses that are included within cost of revenue, by reportable segment, which are presented to the CODM.

Accounting
Updates Not Yet Effective

Improvements
to Income Tax Disclosures

In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which
requires disclosure of incremental income tax information within the rate reconciliation and expanded disclosures of income taxes paid,
among other disclosure requirements. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted.
The Company is currently evaluating the impact that ASU 2023-09 will have on the Consolidated Financial Statements and disclosures.

Stock
Compensation

In
March 2024, the FASB issued ASU 2024-01, Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest
and Similar Awards (“ASU 2024-01”), to clarify the scope application of profits interest and similar awards by adding
illustrative guidance in ASC 718, Compensation—Stock Compensation (“ASC 718”). ASU 2024-01 clarifies how to
determine whether profits interest and similar awards should be accounted for as a share-based payment arrangement (ASC 718) or as a
cash bonus or profit-sharing arrangement (ASC 710, Compensation—General, or other guidance) and applies to all reporting
entities that account for profits interest awards as compensation to employees or non-employees. In addition to adding the illustrative
guidance, ASU 2024-01 modified the language in paragraph 718-10-15-3 to improve its clarity and operability without changing the guidance.
ASU