Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 119

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 contract similar to a
permit for future benefit. The strategic pipeline contract relates to potential renewable energy datacenters that fit in the alignment
of the Company structure to expand operations of the Company’s new focus in their business.

The Company expects to record amortization expense of intangible assets
over the next five years and thereafter as follows:

Schedule of Amortization Expense of Intangible Assets

    (Dollars in thousands) 

    Year 
    2025 
  
    2025 (remainder of the year) 
    $7,119 
  
    2026 
     7,912 
  
    2027 
     15 
  
    2028 
     15 
  
    2029 
     15 
  
    Thereafter 
     216 
  
    Total 
    $15,292 

6. Accrued Liabilities

Accrued liabilities consist of the following at:

Schedule of Accrued Liabilities

    (Dollars in thousands) 
    March 31,  2025  
    December 31, 2024 

    Salaries, wages and related expenses 
    $575  
    $552 
  
    Liability to shareholders for previous acquisition 
     363  
     363 
  
    Legal, audit, tax and professional fees 
     888  
     537 
  
    Sales tax accrual 
     -  
     575 
  
    Real estate taxes accrual 
     98  
     182 
  
    Hosting and utility fees 
     1,564  
     1,036 
  
    SEPA consent fee payable 
     201  
     - 
  
    Dividend payable 
     7  
     7 
  
    Construction fees 
     1,601  
     2,211 
  
    Membership distribution accrual 
     955  
     1,179 
  
    Other 
     230  
     143 
  
    Total 
    $6,482  
    $6,785 

    12

Contract liability 

    On March 24, 2025, CloudCo
notified HPE of its termination of the HPE Agreement and, on March 26, 2025, HPE sent notice of its termination of the HPE Agreement.
The HPE Agreement provided the Company access to datacenter and cloud services for AI