Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 3

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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     8,350  
     6,397 
  
    Impairment on fixed assets 
     -  
     130 
  
    Operating (loss) income 
     (7,177) 
     407 
  
    Interest expense 
     (838) 
     (424)
  
    Gain (loss) on debt extinguishment and revaluation, net 
     551  
     (3,097)
  
    Loss on sale of fixed assets 
     -  
     (1)
  
    Other (expense) income, net 
     (315) 
     23 
  
    Loss before income taxes 
     (7,779) 
     (3,092)
  
    Income tax benefit, net 
     425  
     548 
  
    Net loss 
     (7,354) 
     (2,544)
  
    (Less) Net income attributable to non-controlling interest, net 
     (202) 
     (2,710)
  
    Net loss attributable to Soluna Holdings, Inc. 
    $(7,556) 
    $(5,254)

    Basic and Diluted loss per common share: 

    Basic & Diluted loss per share 
    $(0.88) 
    $(2.62)

    Weighted average shares outstanding (Basic and Diluted) 
     11,939,983  
     2,807,555 

The accompanying notes are
an integral part of these unaudited condensed consolidated financial statements.

5

Soluna Holdings, Inc. and Subsidiaries
Condensed Consolidated Statements of Changes in Equity
For the Year Ended December 31, 2024

And the Three Months Ended March 31, 2025 (Unaudited)

(Dollars in thousands, except per share)

    Series A Shares  
    Amount  
    Series B Shares  
    Amount  
    Shares  
    Amount  
    Additional Paid-in Capital  
    Accumulated Deficit  
    Shares  
    Amount  
    Non- Controlling Interest  
    Total Stockholders’ Equity 

    Preferred Stock  
    Common Stock  

    Treasury Stock  

    Series A Shares  
    Amount  
    Series B Shares  
    Amount  
    Shares  
    Amount  
    Additional Paid-in Capital  
    Accum