Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 7

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 7
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ance
    for expected credit losses, beginning of period 
    $244  
    $- 
  
    Current
    period credit provision 
     -  
     760 
  
    Write
    offs charged against the allowance 
     -  
     (516)
  
    Recoveries
    collected 
     -  
     - 
  
    Allowance
    of expected credit losses, end of period 
    $244  
    $244 

4. Property, Plant and Equipment, net

Property,
plant and equipment consist of the following at:

Schedule of Plant and Equipment

    (Dollars
    in thousands) 
    June
    30, 2025  
    December
    31, 2024 
  
    Land
    and land improvements 
    $2,177  
    $1,553 
  
    Buildings
    and leasehold improvements 
     29,163  
     25,453 
  
    Computers
    and related software 
     11,774  
     11,533 
  
    Machinery
    and equipment 
     13,536  
     9,324 
  
    Office
    furniture and fixtures 
     74  
     34 
  
    Construction
    in progress 
     12,728  
     9,250 
  
    Property, plant and equipment, gross 
     69,452  
     57,147 
  
    Less:
    Accumulated depreciation 
     (12,931) 
     (9,864)
  
    Property, plant and equipment,
    net 
    $56,521  
    $47,283 

Depreciation
expense was approximately $1.6 million and $1.5 million for the three months ended June 30, 2025 and 2024, respectively. Depreciation
expense was approximately $3.1 million for the six months ended June 30, 2025 and 2024.

5. Intangible Assets, net

Intangible
assets consist of the following as of June 30, 2025:

Schedule of Intangible Assets

    (Dollars
    in thousands) 
    Intangible
    Assets  
    Accumulated
    Amortization  
    Total 

    Strategic
    pipeline contract 
    $46,885  
    $34,382