Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 217

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 217
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 profit or loss.

    *
     
    Other
    cost of revenue includes insurance, outside service costs and margins, and general costs.

    41

The
following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:

    2025  
    2024 

    For
    the three months ended September 30, 

    2025  
    2024 
  
    Segment operating
    income (loss) 
    $802  
    $(2,940)

    Reconciling Items: 

    Elimination of intercompany
    costs 
     261  
     189 
  
    Other revenue (a) 
     389  
     443 
  
    General and administrative,
    exclusive of depreciation and amortization (b) 
     (6,831) 
     (4,304)
  
    General and administrative,
    depreciation and amortization 
     (2,401) 
     (2,404)
  
    Interest expense 
     (1,212) 
     (821)
  
    (Loss) gain on debt extinguishment
    and revaluation, net 
     10,107  
     875 
  
    Other financing expense 
     (4,746) 
     - 
  
    Loss on sale of fixed assets
    and credit on equipment deposit 
     (780) 
     - 
  
    Fair value adjustment (loss)
    gain 
     (22,047) 
     328 
  
    Other
    income (expense), net 
     5  
     (6)
  
    Net
    loss before taxes 
    $(26,453) 
    $(8,640)

    (a)
     
    Demand
    response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.

    (b)
     
    The
    reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general
    and administrative expenses for the three months ended September 30, 2025 and 2024.

The
following table details revenue, cost of revenues, and other operating costs for the Company’s reportable segments for nine months
ended September 30, 2025 and 2024, and reconciles to net income (loss) on the consolidated statements