Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1118

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 1118
---
  
     28,593 

    Impairment on fixed assets 
     130  
     -  
     -  
     -  
     130 
  
    Loss on debt extinguishment and revaluation, net 
     3,097  
     5,600  
     (1,203) 
     (145) 
     7,349 
  
    Adjusted EBITDA 
    $5,147  
    $1,797  
    $(3,482) 
    $(2,520) 
    $942

53

The
following table represents the EBITDA and Adjusted EBITDA activity between each three-month period from January 1, 2023 through December
31, 2023.

    (Dollars in thousands) 
    Three months ended March 31, 2023  
    Three months ended June 30, 2023  
    Three months ended September 30, 2023  
    Three months ended December 31, 2023  
    Year ended December 31, 2023 

    Net loss from continuing operations 
    $(7,432) 
    $(9,257) 
    $(6,016) 
    $(4,998) 
    $(27,703)
  
    Interest expense, net 
     1,374  
     486  
     495  
     393  
     2,748 
  
    Income tax (benefit) expense from continuing operations 
     (547) 
     (547) 
     569  
     (542) 
     (1,067)
  
    Depreciation and amortization 
     3,002  
     2,918  
     3,579  
     3,877  
     13,376 
  
    EBITDA 
     (3,603) 
     (6,400) 
     (1,373) 
     (1,270) 
     (12,646)

    Adjustments: Non-cash items 

    Stock-based compensation costs 
     879  
     2,232  
     595  
     606  
     4,312 
  
    Loss (gain) on sale of fixed assets 
     78  
     (