Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 264

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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    Stock-based compensation costs 
     661  
     1,368  
     1,257  
     2,025 
  
    Loss on sale of fixed assets 
     1  
     21  
     -  
     9 
  
    Provision for credit losses 
     -  
     244  
     367  
     149 
  
    Convertible note inducement expense 
     -  
     -  
     -  
     388 
  
    Placement agent release expense 
     -  
     -  
     -  
     1,000 
  
    Loss on contract 
     -  
     -  
     -  
     28,593 
  
    Impairment on fixed assets 
     130  
     -  
     -  
     - 
  
    Fair value loss (gain) adjustment 
     4,333  
     1,600  
     (328) 
     100 
  
    (Gain) loss) on debt extinguishment
    and revaluation, net 
     (1,236) 
     4,000  
     (875) 
     (245)
  
    Adjusted
    EBITDA 
    $5,147  
    $1,797  
    $(3,482) 
    $(2,520)

62

Liquidity
and Capital Resources

Several
key indicators of our liquidity are summarized in the following table:

    (Dollars in thousands) 
    Nine Months
    Ended
    or as of  
    Nine Months
    Ended
    or as of  
    Year Ended
    or as of 

    September
    30, 2025  
    September
    30, 2024  
    December
    31, 2024 
  
    Cash 
    $51,371  
    $8,766  
    $7,843 
  
    Restricted cash 
     9,090  
     3,441  
     2,610 
  
    Working capital (deficit) 
     10,215  
     (12,820) 
     (34,378)
  
    Net loss 
     (40,921)