Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 2336

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 2336
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.1 million will begin to expire in 2025 and the remainder being
carried forward indefinitely.

The
Company’s and/or its subsidiaries’ ability to utilize their net operating loss carryforwards may be significantly limited
by Section 382 of the IRC of 1986, as amended, if the Company or any of its subsidiaries undergoes an “ownership change”
as a result of changes in the ownership of the Company’s or its subsidiaries’ outstanding stock pursuant to the exercise
of the warrants or otherwise.

Unrecognized
tax benefits:

The
Company has unrecognized tax benefits of $0 and $0 thousand as of December 31, 2024 and 2023, respectively.

Additionally,
the Company does not have uncertain tax positions that it expects will increase or decrease within twelve months of this reporting date.
The Company recognizes interest and penalties related to uncertain tax positions as a component of tax expense. The Company did not recognize
any interest or penalties in 2024 or 2023.

The
Company files income tax returns, including returns for its subsidiaries, with federal and state jurisdictions. The Company is no longer
subject to IRS or state examinations for any periods prior to 2020, although carryforward attributes that were generated prior to 2022
may still be adjusted upon examination by the IRS if they either have been or will be used in a future period.

     F-22 

7. Accrued Liabilities

Accrued
liabilities consist of the following at:

 Schedule of Accrued Liabilities

    (Dollars in thousands) 
    December 31,  2024  
    December 31, 2023 

    Salaries, wages and related expenses 
    $552  
    $423 
  
    Liability to shareholders for previous acquisition 
     363  
     363 
  
    Legal, audit, tax and professional fees 
     537  
     448 
  
    Contract liability (1) 
     20,015  
     - 
  
    Sales tax accrual 
     575  
     575 
  
    Real estate taxes accrual 
     182  
     1,166 
  
    Hosting and utility fees 
     1,036  
     383 
  
    Interest payable 
     2,275  
     936 
  
    Dividend payable 
     7  
     7 
  
    Construction fees 
     2