Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 17

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 tax laws and rates and, in certain cases, business plans and other expectations about
future outcomes. In the event that actual results differ from these estimates, or the Company adjusts these estimates in future periods,
the Company may need to adjust the recorded valuation allowance, which could materially impact our financial position and results of
operations. The valuation allowance was $40.5
million and $36.8
million and on March 31, 2025 and December 31, 2024, respectively. We will continue to evaluate the ability to realize our deferred tax
assets and related valuation allowance on a quarterly basis.

 8. Debt

The following table represents total debt outstanding
by agreement as of March 31, 2025:

 Schedule of Total Debt Outstanding

    (Dollars in thousands): 
    Current portion of debt  
    Long term debt  
    Total 
  
    NYDIG financing 
    $9,183  
    $-  
    $9,183 
  
    Navitas term loan 
     -  
     -  
     - 
  
    June 2024 secured note 
     4,067  
     5,988  
     10,055 
  
    July 2024 additional secured note 
     -  
     -  
     - 
  
    Equipment loan 
     250  
     -  
     250 
  
    Galaxy loan 
     348  
     4,202  
     4,550 
  
    Total Debt 
    $13,848  
    $10,190  
    $24,038 

    13

The following table represents total debt outstanding
by agreement as of December 31, 2024:

    (Dollars in thousands): 
    Current portion of debt  
    Long term debt  
    Total 
  
    Convertible Notes 
    $-  
    $-  
    $- 
  
    NYDIG financing 
     9,183  
     -  
     9,183 
  
    Navitas term loan 
     137  
     -  
     137 
  
    June 2024 secured note 
     3,922  
     7,061  
     10,983 
  
    July 2024 additional secured note 
     1,202  
     -