Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1587

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 1587
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    General and administrative expenses, exclusive of depreciation and amortization 
     18,581  
     15,390 
  
    Depreciation and amortization associated with general and administrative expenses 
     9,613  
     9,513 
  
    Total general and administrative expenses 
     28,194  
     24,903 
  
    Loss on contract 
     28,593  
     - 
  
    Impairment on fixed assets 
     130  
     575 
  
    Operating loss 
     (47,523) 
     (20,241)
  
    Interest expense 
     (2,527) 
     (2,748)
  
    Loss on debt extinguishment and revaluation, net 
     (7,349) 
     (3,904)
  
    Loss on sale of fixed assets 
     (31) 
     (398)
  
    Other expense, net 
     (3,357) 
     (1,479)
  
    Loss before income taxes 
     (60,787) 
     (28,770)
  
    Income tax benefit, net 
     2,487  
     1,067 
  
    Net loss 
     (58,300) 
     (27,703)
  
    (Less) Net income attributable to non-controlling interest, net 
     (5,034) 
     (1,498)
  
    Net loss attributable to Soluna Holdings, Inc. 
    $(63,334) 
    $(29,201)

    Basic and Diluted loss per common share: 

    Basic & Diluted loss per share 
    $(12.15) 
    $(27.79)

    Weighted average shares outstanding (Basic and Diluted) 
     6,280,915  
     1,313,718 

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

 F-4 

Soluna
Holdings, Inc. and Subsidiaries

Consolidated
Statements of Changes in Equity

For
the Years Ended December 31, 2024 and 2023

(Dollars
in thousands, except per share)

     Shares  
    Amount  
     Shares  
    Amount  
    Shares  
    Amount  
     Capital   
     Deficit