Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 0

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Soluna
Holdings, Inc. and Subsidiaries

Condensed
Consolidated Balance Sheets

As
of September 30, 2025 (Unaudited) and December 31, 2024

    (Dollars in thousands, except per share) 
    September
    30, 2025  
    December
    31, 2024 
  
    Assets 

    Current Assets: 

    Cash 
    $51,371  
    $7,843 
  
    Restricted cash 
     3,630  
     1,150 
  
    Accounts receivable, net
    (allowance for expected credit losses of $244 at September 30, 2025 and December 31, 2024) 
     4,408  
     2,693 
  
    Prepaid expenses and other
    current assets 
     3,522  
     1,781 
  
    Loan commitment assets 
     3,474  
      - 
  
    Equipment
    held for sale 
     -  
     28 
  
    Total Current Assets 
     66,405  
     13,495 
  
    Restricted cash, noncurrent 
     5,460  
     1,460 
  
    Other assets 
     1,090  
     2,724 
  
    Deposits and credits on
    equipment 
     813  
     5,145 
  
    Property, plant and equipment,
    net 
     63,999  
     47,283 
  
    Intangible assets, net 
     10,593  
     17,620 
  
    Operating
    lease right-of-use assets 
     3,675  
     313 
  
    Total
    Assets 
    $152,035  
    $88,040 

    Liabilities and Stockholders’
    Equity 

    Current Liabilities: 

    Accounts payable 
    $4,860  
    $2,840 
  
    Accrued liabilities 
     12,426  
     6,785 
  
    Accrued interest payable 
     342  
     2,275 
  
    Contract liability 
     19,348  
     20,015 
  
    Current portion of debt 
     9,999