Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 55

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
Company notes as continuing operations was in a Net loss for the three and nine months ended September 30, 2025 and 2024, as such basic
and diluted EPS is the same balance as continuing operations acts as the control amount in which would cause antidilution. Not included
in the computation of earnings per share, assuming dilution, for the three and nine months ended September 30, 2025, were options to
purchase 2,645 shares of the Company’s common stock, 199,190 nonvested restricted stock units, and 5,582,790 outstanding warrants
not exercised which excludes penny warrants that can be potentially exercised. These potentially dilutive items were excluded because
the calculation of incremental shares resulted in an anti-dilutive effect.

Not
included in the computation of earnings per share, assuming dilution, for the three and nine months ended September 30, 2024, were options
to purchase 3,325 shares of the Company’s common stock, 5,692 nonvested restricted stock units, and 3,222,446 outstanding warrants
not exercised which excludes penny warrants that can be potentially exercised. These potentially dilutive items were excluded because
the calculation of incremental shares resulted in an anti-dilutive effect.

    28

10.
Commitments and Contingencies

Commitments:

Leases

The
Company determines whether an arrangement is a lease at inception. The Company and its subsidiaries have operating leases for certain
manufacturing, laboratory, office facilities and certain equipment. The leases have remaining lease terms of approximately three years to
22twenty-two years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of
September 30, 2025 and December 31, 2024, the Company has no assets recorded under finance leases.

Lease
expense for these leases is recognized on a straight-line basis over the lease term. For the three and nine months ended September 30,
total lease costs are comprised of the following:

Summary of Lease Expense Recognized
on Straight-line Basis Over Lease Term

    2025  
    2024  
    2025  
    2024 
  
    (Dollars in thousands) 
    Three
                                            Months Ended September
                                            30,  
    Nine
                                            Months Ended September
                                            30, 

    2025  
    2024  
    2025