Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 78

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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    30, 2025  
    December
    31, 2024 

    Current assets: 

    Cash and restricted cash 
    $7,004  
    $402 
  
    Accounts receivable, trade 
     2,079  
     - 
  
    Accounts receivable, intercompany 
     -  
     2,868 
  
    Prepaid expenses and other current assets 
     750  
     41 
  
    Other receivable, related
    party 
     2,580  
     3,370 
  
    Total current assets 
     12,413  
     6,681 

    Other assets 
     172  
     - 
  
    Other assets, related party 
     10,437  
     13,223 
  
    Operating lease right-of-use assets 
     76  
     82 
  
    Property, plant and equipment, net 
     15,371  
     - 
  
    Deposits on equipment 
     -  
     716 
  
    Total assets 
    $38,469  
    $20,702 

    Current liabilities: 

    Accounts payable, trade 
    $132  
    $- 
  
    Accounts payable, related party 
     2,004  
     3,598 
  
    Accrued liabilities 
     825  
     - 
  
    Due to intercompany 
     -  
     9 
  
    Current portion of debt 
     3,053  
     - 
  
    Operating lease liability 
     8  
     7 
  
    Total current liabilities 
     6,022  
     3,614 

    Other liabilities 
     1,433  
     - 
  
    Other liabilities-related party 
     854  
     - 
  
    Long-term debt 
     3,031  
     - 
  
    Operating lease liability 
     68  
     74 
  
    Total liabilities 
    $11,408  
    $3,668 

On
July 22, 2025 (the “Effective Date”), Soluna Digital, Inc. (“SDI”), a subsidiary of the Company, finalized a
contribution agreement and operating agreement for Project Kati, a 166