Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 11

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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 believes that the accounting estimate for the valuation of deferred tax assets is a critical accounting estimate because judgment
is required in assessing the likely future tax consequences of events that have been recognized in our financial statements or tax returns.
The Company based the estimate of deferred tax assets and liabilities on current 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 Company has a full valuation allowance for the deferred tax asset of $41.7 million and $38.5
million on June 30, 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 June 30, 2025:

 Schedule of Total Debt Outstanding

    (Dollars
    in thousands): 
    Current
    portion of debt  
    Long
    term debt  
    Total 
  
    NYDIG
    financing 
    $9,183  
    $-  
    $9,183 
  
    Green Cloud secured note 
     3,061  
     6,033  
     9,094 
  
    Equipment
    loan 
     519  
     -  
     519 
  
    Galaxy
    loan 
     492  
     3,988  
     4,480 
  
    Total
    Debt 
    $13,255  
    $10,021  
    $23,276 

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 
  
    Green Cloud secured note 
     3