Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1484

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1484
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 (a) 

     -  
     268 
  
    Total consolidated revenue 

     21,066 
  
    Less: Segment cost of revenue 

    Utility costs 
     3,960  
     3,242  
     -  
     7,202 
  
    Wages, benefits, and employee related costs 
     1,351  
     1,302  
     -  
     2,653 
  
    Facilities and Equipment costs 
     853  
     833  
     -  
     1,686 
  
    Cost of revenue- depreciation 
     2,696  
     1,167  
     -  
     3,863 
  
    Other cost of revenue* 
     320  
     379  
     -  
     699 
  
    Total segment cost of revenue 
     9,180  
     6,923  
     -  
     16,103 

    General and administrative expenses 
     634  
     716  
     -  
     1,350 

    Impairment on fixed assets 
     575  
     -  
     -  
     575 

    Segment operating income 
    $213  
    $2,557  
    $-  
    $2,770 

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

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

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

    2024  
    2023 

    Year ended December 31, 

    2024  
    2023 
  
    Segment operating (loss) income 
    $(23,736) 
    $2,770 

    Reconciling Items: 

    Elimination of intercompany costs 
     630  
     273 
  
    Other revenue (a) 
     2,140  
     268 
  
    General and administrative, exclusive of depreciation and amortization (b) 
     (16,944) 
     (14,039)